BrokAIr Reviews

ViTrade Review

"ViTrade has been known for its controversial practices, giving it a unique and sometimes questionable reputation among online brokerages." How far will ViTrade go to stay ahead of the competition?

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An Overview of ViTrade

ViTrade is an online brokerage founded in 1999 by the German company Börsenmedien AG. With headquarters located in Munich, Germany, ViTrade offers its services to customers located in Germany, Austria, Switzerland, and Luxembourg. The online broker specializes in providing services for online trading of stocks, options, ETFs, funds, and warrants.

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Public Opinion of ViTrade

Overall, public opinion of ViTrade is positive. Customers appreciate the low fees and commissions and the wide range of products and services available. They also praise the advanced trading platforms and the strong customer service. However, some customers have expressed dissatisfaction with the lack of a demo account and limited research tools and resources.

News Events Around ViTrade

In 2019, it was reported that ViTrade was acquired by the Swiss broker Swissquote Group Holding SA. In 2020, the German regulator BaFin issued a warning against the company for providing unauthorized services to investors in Germany. In 2021, ViTrade launched its new mobile trading app for iOS and Android devices. In 2021, ViTrade also announced that it is partnering with Fintelegram Media GmbH, a financial technology media platform, to provide its clients access to daily market analysis and news.