Vomma Review

MIN. DEPOSIT $10
Up to 500:1
Up to 30% BONUS
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Vomma
Up to 30%
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Overview

Company Information Vomma Trading is one of the newest online Forex brokerages. The brand is owned by Vomma Ltd., and their online platform was launched in 2015. While their headquarters… more

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Details

BrokerVomma
Website URLhttps://vomma.org/en/
Founded2015
HeadquartersEden Island, Mahe, Seychelles
Support Number+44 (203) 808 7659
Support Emailinfo@vomma.org
Support TypesPhone, Live Chat, E-mail, SKype
LanguagesEnglish, Russian, Chinese, Indonesian, Spanish, Portuguese
Minimum 1st Deposit$10
Minimum Trade Amount0.01 lots
Maximum Trade Amount100 lots
BonusUp to 30%
PayoutUp to 500:1
Free Demo AccountYes
Regulated Yes
RegulationSeychelles Financial Services Authority
Account TypesClassic, Cent ECN, ECN, Swap Free
Deposit MethodsVisa, MasterCard, China UnionPay, Bank Wire, Unistream, MoneyPolo, WebMoney, Skrill, Neteller, PayPal, OKpay, Qiwi, Fasapay, LavaPay, Bitcoin
Withdrawal MethodsVisa, MasterCard, China UnionPay, Bank Wire, Unistream, MoneyPolo, WebMoney, Skrill, Neteller, PayPal, OKpay, Qiwi, Fasapay, LavaPay, Bitcoin
Types of AssetsForex, Metals, CFDs for Shares, Stock Indices
Account CurrencyUSD
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

Vomma Trading is one of the newest online Forex brokerages. The brand is owned by Vomma Ltd., and their online platform was launched in 2015. While their headquarters are located in the Seychelles, they also have several offices around the world. For example, one of their call centers is located in the United Kingdom; their software development department is India, and their professional office is in the United States. As we mentioned, Vomma is a relatively new company but their effort in making a name in the brokerage industry is already recognized by many traders. Vomma is still in the process of acquiring a license, but otherwise, they have all documents allowing them to practice brokerage services. The company has put a lot of effort in organizing their trading features and instruments. The trading conditions they offer are some of the best in the industry. Vomma is very suitable for beginner traders as they provide thorough educational resources like free webinars. Let’s see what account types and trading instruments they offer.

Trading Information

Vomma provides a wide variety of trading features and benefits by offering three account types. The first one is their Classic account type. It has a small deposit requirement of just $10. Trading instruments for this account type are Forex, gold&silver, CFD’s, Oil and Stocks. The spread type here is fixed, and the current EUR/USD spread is 2.0 pips. There is no commission for trades and the leverages for all trading instruments are 1:500. The number of currency pairs offered for the Classic account is 52. The margin call level is 50%, and the stop-out level is 10%. The next account type provided by Vomma is the ECN. This account is more suitable for professional traders. It has a minimum deposit of $20 and offers variable spreads. The minimum spread for EUR/USD is 0 pips and the average spread is 0.2 pips. Leverages, margin, and stop-out levels are the same as in the Classic account. Last but not least is their Swap-free account. It’s suitable for Islamic clients and has minor differences in the trading conditions compared to the ECN account. The lowest spread for EUR/USD is 0.1 pips and the typical is 0.2 pips. All of the accounts support hedging, scalping, and automated trading.

Trading Platforms

It seems that every brokerage nowadays offers the Metatrader4 as one of its choices for the leading trading platform. Vomma is not changing this trend and has made the MT4 their main platform. It’s suitable for both beginner and expert traders. This platform offers the most necessary features regarding charting capabilities. You can set it up to your liking and take advantage of over 30 signals. The platform works both on Mac and Windows computers. It has a dedicated application that you can download from the Google Play or Apple App stores. Expert advisors are available along with streaming newsfeed. One-click trading is possible and trailing stop orders is also supported. Trading from charts is one of the features that both beginner and professional traders use. Being around for over a decade there isn’t much else to say about the MT4. It has a bit outdated graphics and has to be installed on your device (no Web Trader version), but it still is the most versatile and used platform around the globe.

Security and Customer Services

Security at Vomma is ensured by the SSL protocol the software team has installed on their website. It protects your personal data and makes it virtually impossible for hackers to get it. The segregated account feature is also something that you should take into consideration. It means that your funds are deposited into a separate account in a top tier bank and are protected. The customer support is excellent. There is a 24/7 call center which you can call whenever you have questions. The live chat and skype support features are also 24/7. There is an email where you can send inquiries. The postal addresses of all offices and headquarters in different countries are also available. Finally, you can get in touch with the company through their social media profiles in Facebook and VK. The website is translated into English, Russian, Spanish, Portuguese, Indonesian and Chinese. Support is available in English and Russian. Educational resources are available for beginner traders, and they can watch free webinars.

Deposits and Withdraws

Depositing money into your Vomma account is easy, and there are plenty of deposit methods available. Especially for Russian clients, there are plenty of domestic money transfer services. The minimum deposit amount is $10. The deposit processing times are relatively quick and depend on the chosen banking method. Withdrawals are made using the same methods you’ve made the deposit. You have to request a withdrawal beforehand which is approved by a company’s representative. Processing times are relatively quick with Bank wire being the slowest. There is no information about deposit or withdrawal fees. Usually, there aren’t any fees for most banking methods, but it’s best to ask a customer support employee about them. There aren’t any reports about withdrawal scams or refused payments.

Deposit Bonus and Loyalty Programs

The current bonus offered by Vomma is a $100 No Deposit Bonus. The company will give you 100 units of currency that you can use on the platform. Any profit that you make from the bonus you can withdraw. This promotion is only granted to people who register on the platform and choose to make an ECN account.

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