VoyaFX
VoyaFX Review 2025 – Is It a Safe Forex Broker?
Thinking of trading with VoyaFX? In this detailed review, we examine VoyaFX’s regulations, account types, spreads, fees, platforms, and more. By the end, you’ll know whether VoyaFX is a suitable broker for your trading needs in 2025.
| Feature | Details |
|---|---|
| Broker Name | VoyaFX |
| Founded | 2006 |
| Headquarters | Sofia, Bulgaria |
| Regulations | FSC Bulgaria (EU), FSA Seychelles (offshore entity) |
| Minimum Deposit | $100 |
| Account Types | Standard, Raw ECN, Islamic (Swap-Free) |
| Trading Platforms | MetaTrader 5, WebTrader (VoyaFX Web Platform) |
| Instruments Offered | Forex, Commodities, Indices, Metals, Stock CFDs, Crypto CFDs |
| Leverage | Up to 1:500 (depending on jurisdiction) |
Regulation & Safety
VoyaFX is regulated in the EU and also offers an offshore entity for higher-leverage trading:
- Regulated by FSC Bulgaria – License No: RG-03-184
- FSA Seychelles – License for global traders
- Segregated client funds
- Negative balance protection (for EU clients)
Account Types Offered
| Account Type | Platform(s) | Spreads From | Commission | Minimum Deposit |
|---|---|---|---|---|
| Standard | MT5 / WebTrader | ≈ 1.2 – 1.6 pips | No commission | $100 |
| Raw ECN | MT5 | 0.0 pips | ≈ **US$3** per lot per side (≈ US$6 round-turn) | $100 |
| Islamic (Swap-Free) | MT5 / WebTrader | Same as Standard or Raw | Admin fees instead of swaps | $100 |
Trading Platforms
- MetaTrader 5 (MT5) – primary platform for all accounts
- VoyaFX WebTrader – clean, user-friendly interface for beginners
- Mobile Trading – via MT5 app (iOS/Android)
- Fast execution with reliable liquidity network
Instruments You Can Trade
- 60+ Forex currency pairs
- Metals like Gold & Silver
- Oil, gas, and other energy products
- Major global indices
- Stock CFDs (US, EU, global)
- Crypto CFDs (BTC, ETH, LTC, XRP, etc.)
Spreads, Fees & Commission
- Spreads: Raw spreads from 0.0 pips; Standard spreads around 1.2–1.6 pips
- Commissions: Raw ECN ≈ US$3 per lot per side
- Swap Fees: Charged on overnight positions unless Islamic
- Deposit/Withdrawal Fees: Most methods free; bank wires may incur fees
- Inactivity Fee: None reported
Security & Measures
- Segregated client accounts in EU banks
- Encrypted transactions and platform security
- Negative balance protection for EU clients
- Strict AML/KYC policies
Deposit & Withdrawal Options
| Method | Processing Time | Fees / Notes |
|---|---|---|
| Credit / Debit Card | Instant | No major fees |
| Bank Transfer | 1–3 business days | Bank fees may apply |
| E-wallets (Skrill, Neteller, etc.) | Instant to same day | Low or no fees |
| Cryptocurrencies | Minutes to hours | Network fees apply |
Customer Support
- 24/5 Live Chat
- Email support
- Phone support (EU-based)
- Multilingual assistance
Pros & Cons
Pros
- Strong EU regulation (FSC Bulgaria)
- Raw ECN spreads starting at 0.0 pips
- Beginner-friendly WebTrader platform
- Fast execution with transparent pricing
- Low minimum deposit ($100)
Cons
- Limited trading platforms compared to competitors (no MT4)
- Crypto CFDs unavailable in some regions
- Lower leverage for EU clients
Is VoyaFX Right for You?
If you prefer simple, transparent trading conditions with EU regulation and competitive ECN spreads, VoyaFX is a solid broker choice. The Raw ECN account fits scalpers and advanced traders, while beginners will appreciate the easy WebTrader interface.
If you decide to choose VoyaFX:
FAQs About VoyaFX
Is VoyaFX regulated?
Yes — VoyaFX is regulated by FSC Bulgaria and also operates a Seychelles entity.
What is the minimum deposit?
The minimum deposit is $100.
Does VoyaFX offer Islamic accounts?
Yes, both Standard and Raw accounts have swap-free options.
How tight are the spreads?
Raw ECN spreads start at 0.0 pips; Standard accounts start around 1.2 pips.
How long do deposits/withdrawals take?
Card and e-wallet deposits are instant; bank transfers take 1–3 business days.
Disclaimers
CFDs are complex instruments and come with a high risk of losing money due to leverage. Ensure you fully understand the risks before trading.
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