Viverno Information
Viverno is a regulated brokerage company registered in Cyprus. This firm focuses on Forex and CFD trading with the popular MT5 trading platform and its proprietary platform. Viverno provides three live trading accounts but no demo account. However, these accounts charge a higher fee at the lower tier, and no managed portfolios are available with this brokerage.
Pros and Cons
Is Viverno Legit?
Viverno is authorized and regulated by the Cyprus Securities and Exchange Commission (CYSEC), with registration number 199/13.
What Can I Trade on Viverno?
Viverno is geared toward active traders who are looking for ways to diversify their portfolios. This firm provides +250 Forex and CFD Assets, including commodities, stocks, and indices. Compared to other online brokerages, Viverno doesn't offer as many ways to invest.
If you're a trader focused on forex and stocks, for example, then you may be fine with Viverno. On the other hand, if you want to try your luck with cryptocurrency or invest in bonds, you won't be able to do that here.
Besides, Viverno doesn't offer managed portfolios of any kind. So if you prefer investing in a less stressful way, finding another brokerage could be a better choice.
Account Types
Viverno offers three live trading accounts: Classic, VIP, and Raw accounts. If you're a beginning investor, the Classic account might be easier to understand. On the other hand, if you're a more seasoned trader looking to minimize costs, the Raw account could be a better fit.
Maximum Leverage is 1:30 for all account types. And they share the same range of products. Viverno allows clients to open an account with as little as $100. So if you're a beginning investor without a lot of money to get started, Viverno can make it easier to make a portfolio.
Viverno Fees
Fees matter since the higher your costs, the less of your returns you get to keep. With Viverno, the fees depend on the account type. For example, the trading conditions for three live accounts are as follows:
- Classic Account: spreads are from 1.5 pip and $0 on all pairs, $2 on indices & 0.15% on shares.
- VIP Account: spreads are from 1.1 pip and $0 on all pairs, $0 on indices & 0.15% on shares.
- Raw Account: spreads are from 0.3 pip and $0 on all pairs, $2 on indices & 0.15% on shares.
Trading Platform
MT5 (MetaTrader 5) is available with Viverno. You can apply it on multiple devices, including Windows, MAC, Android, and IOS. It is a diversified financial trading platform that allows trading foreign exchange, stocks, and futures. It provides automated trading systems and excellent tools for various price analyses, the use of algorithmic trading applications, and copy trading.
Besides, Viverno also offers its web-based proprietary trading platform. This firm boasts of its easy integration and low latency. However, no further information is available on its website.
Customer Support Options
If there's something you need to do that you can't manage online or through the mobile app, you can try reaching out to Viverno's customer support. You have multiple choices, including email (support@viverno.com), phone (+44 2086381223), and an online message box.
The Bottom Line
Viverno could work better for some investors than others, namely, those who lean toward self-directed trading, especially those who focus on forex and CFD trades. On the other hand, you might want to look elsewhere if you want a wider range of investment options or if you're interested in managed portfolios. Overall, it's important to look at how well it matches up your investment goals and needs before making a commitment.
FAQs
Is Viverno a regulated brokerage?
Yes, Viverno is regulated by the Cyprus Securities and Exchange Commission (CYSEC), with registration number 199/13.
Is Viverno good for beginners?
Yes, Viverno could be an option for beginning investors since it has various account types and user-friendly platforms.
Does Viverno offer leveraged trading?
Yes, Viverno provides a leverage option, which is up to 1:30.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for everyone.
