Independent Review - FiatVisions
FiatVisions is a new Mauritius based CFD and forex broker, offering trading services for discerning clients globally. The broker began in 2021 and claims over 10,000 clients already. With over 1,500 individual assets available, and a proprietary trading platform that was designed to support traders with excellent trading conditions this could be a broker worth trying.
The following review will look deeper into the offerings and conditions at FiatVisions, possibility assisting you in deciding if the broker is one you would like to try.
Being located in Mauritius means that Fiat Visions is authorized to conduct business and regulated by the Financial Services Commission of Mauritius. The broker operates under license number GB19025095, which is held by its parent company Green Point Technology Ltd.
There are five tiers of accounts, with the lowest tier Beginner account requiring a $5,000 minimum deposit. That is fairly high in our opinion and will almost certainly discourage beginning traders from using FiatVisions. We can only assume this is what the broker wants, so that it can attract only experienced clients.
Clients can get discounts on commissions with higher tiers, and access to a Trading Academy and daily trading signals. One nice touch is that the broker does offer a personal account manager at all account tiers.
This broker states that transparency and straightforwardness is important to them and the first impression of FiatVisions is quite positive.
As mentioned above, FiatVisions operates from Mauritius and is authorized and regulated there by the Financial Services Commission of Mauritius. The broker operates under license number GB19025095, which is held by its parent company Green Point Technology Ltd.
Of course, Mauritius is an offshore location, and the regulation is not as strong as that provided from within Europe or the U.K. On the other hand, FiatVisions is not constrained by MiFid requirements, so they are able to offer clients leverage that goes as high as 1:400 as well as things like deposit and trading bonuses.
On the other hand, it also means there is no €20,000 insurance provided under the Investor Compensation Fund and clients are not protected by Negative balance Protection.
FiatVisions offers five different levels of accounts, which means there is something for nearly every type of trader. That gives plenty of options, however new traders might be a bit put off by the fact that the lowest level beginners account comes with a pretty steep $5,000 minimum deposit.
As the trading account grows each successive level becomes available, which also grants the trader additional features and benefits. Below you can see the features and how they increase with each successive account tier.
- From $5,000
- Personal account manager
- Floating Bid/Ask Difference
- Mobile Trading
- From $25,000
- Daily Trading Signals
- From $100,000
- Fixed Bid/Ask Difference
- Trading Academy
- Trading Commissions (up to 20% discount)
- From $250,000
- Access to Event Room
- Trading Commissions (up to 30% discount)
- VIP Trial Period to Event Room
- From $1,000,000
- Trading Commissions (up to 50% discount)
- Video Courses
- VIP Services
There are over 1,500 individual assets available from the FiatVisions platform, which is an impressive array of assets. It means there is never a time where a trader will not be able to take advantage of some market opportunity. Whether within the forex market, where traders will find major, minor and exotic pairs, or in the equity markets, there is always a trading opportunity available at FiatVisions.
Through the trading platform traders will have access to the following asset classes:
- Global Stocks
- Equity Indices
- Hard and Soft Commodities
Notably missing are cryptocurrencies, but as the broker is new, we imagine those could be added to the platform later.
Unlike most modern brokers who offer MetaTrader 4 and 5 to their clients, FiatVisions has taken the time, expense, and effort to develop a proprietary trading platform. This platform was developed to ensure the best trading conditions for clients, as well as world-class analysis tools and a user-friendly trading interface.
Traders can use the trading platform on their desktop computers, on their mobile devices, or directly through their web browser. No matter which interface is chosen the traders will find the same powerful and useful trading platform.
One downside we noticed is the lack of a demo account to test the trading platform. That is particularly troubling as the minimum deposit at this broker is so high.
The broker does not have information regarding banking options listed on its website. We felt that this was an oversight on their part as traders will want to know what methods they can use for deposits and withdrawals. They will also obviously want to know about any fees for deposits and withdrawals, and the timing for fund availability when deposits are made or withdrawals are processed.
Customer service is a serious business at FiatVisions, and each customer support member is well trained and knowledgeable regarding the broker offerings. They can be reached via telephone, online chat, or email Monday through Friday, 24 hours a day. That means there is always someone to reach out to with problems, issues and concerns. Clients also receive a personal account manager, who can often help with any questions or concerns.
Phone: +1 800 972 1281
FiatVisions has some good reasons to come to them as a broker, such as the availability of 1:400 leverage, but there is also the large minimum deposit required to trade here. With that large a minimum deposit it is not likely that new traders will want to start out at FiatVisions as the minimum is simply too much for a beginner to be risking.
The huge selection of assets is certainly excellent, as is the customer support team. We would have liked to see cryptocurrencies included in the assets available, but it is possible they could be added soon.
Having a proprietary trading platform shows the broker’s commitment to the industry, but it could be a good or bad thing in trader’s eyes. Some traders have never used anything other than the MetaTrader products, and they are not willing to switch. Others will appreciate the user-friendly interface and trade execution.
Although beginners might shy away from the large minimum deposit, but overall, the broker seems worth trying.
Financial Service Commission (FSC)