Navigating through the world of crypto trading can be a challenging experience. The Internet crawls with fraudulent platforms, fake celebrity endorsements for these platforms, misleading reviews and much more. To help you out, we have tested Vivo Trader, one of the most known trading brokers available. But is this broker legit or is it scam? Based on our test, we have found that this broker is legit, as long as you use it with a trusted bitcoin robot such as Bitcoin Revolution. Read on to find the main features of Vivo Trader, its positive and negative aspects, instrument variety and how to make the most of this cryptocurrency platform.
What is Vivo Trader?
Vivo Trader claims to be the world leading cryptocurrency trading platform, the most trusted on the market, Europe’s leading broker for the trade of Bitcoin, Ethereum, IOTA and other digital coins. It also underlines its 24/7 availability. According to the website, its main goal is to make online trading simple and accessible to all kinds of users, from those who know nothing about finance to finance experts; from computer geniuses to those who possess very basic knowledge of the technology. Vivo Trader portrays itself as one of the few trustworthy platforms available.
The broker was created in 2018 and is currently owned by Bravos OU, Harju maakond, a company based in Tallinn, Estonia. It offers the possibility to trade in commodities, stocks, indices, CFDs, Forex and much more. Like for any other broker, trading on it is risky because users may lose part or all of the funds they invest. Despite this, the broker is extremely transparent about it and provides a risk disclaimer at the bottom of every page of the website. This transparency was a first green light for us, suggesting that it may be a reliable platform.
The broker also provides users with education tools to facilitate the trading process. On top of that the website offers a great deal of information on assets, customer support, safety of funds and much more.
However, let us remind you that it is a broker. As such, it simply provides a safe space to trade on, but it does not actively facilitate traders by making investment choices for them. That function is only reserved to auto trading robots like Cryptosoft or Bitcoin Code. Robots of this kind are sophisticated software that are programmed based on an algorithm that gives users suggestions on the investments that have the biggest potential to be profitable. Brokers do not do this. Robots also allow users to trade with brokers through them. So for instance, you can trade with Vivo Trader via Bitcoin Profit, but not the other way around.
If you want to trade on Bitcoin Profit you can click here.
Vivo Trader Regulations
Unfortunately, the website does not provide any information on whether the broker is regulated by an organisation. This suggests that Vivo Trader ma in fact be an unregulated broker. However, there are many other aspects in which the platform does really well that are more important than its regulatory status. It is clear that the broker strives to provide customer satisfaction even without being regulated by a watchdog.
Is Vivo Trader Legit or Scam?
Based on our test of Vivo Trader, we can safely say that it is a legit platform. As we have mentioned already, even though it is most likely unregulated, it is very transparent about the risks involved with crypto trading.
Another aspect of the broker that convinced us of its reliability is a clear willingness to meet all potential customer needs. The website provides an “academy” section aimed at helping users when in doubt about some features of the trading platform or some aspects of online trading in general. Detailed information on all the assets on offer is also available, as well as relevant information on deposits and withdrawals, account types, return and refund policies, cancellations and much more.
On top of this, the website provides detailed guidelines on trading with digital currencies and Bitcoin specifically. The efforts made to make the website and the software as complete as possible are evident.
As for the trading platform in itself, we have found the interface to be user-friendly and easily accessible. Users that have just begun trading in crypto can definitely learn how to use the trading platform within a few minutes. Understanding all the tools on offer may take a little more time if you are not already aware of what they are for, but the basics are very simple. At the same time, professional users can enjoy all the tools and functions of a complex and comprehensive platform to pursue their trading strategies in the most optimal conditions possible.
Now that we have provided a basic overview of this particular broker, we will start digging a little deeper.
Vivo Trader offers a wide variety of foreign exchange for investors to choose from whilst trading. The assets available are stocks, commodities, indices, futures, CFDs, Forex and more. Users have the option of trading with many relevant cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and much more. The indices include Dow Jones whilst the stocks have Nike, Facebook, Google and Apple among the biggest names.
Vivo Trader does not use any of the popular platforms to support its trades, such as MetaTrader4 or WebTrader. These are the platforms used by over 80% of the brokers online because they are well known for their accessibility to both beginners and professional users. Instead, this broker has an incorporated trading platform that can be accessed without a demo or a real account. It is simple to use but at the same time provides all the tools necessary to pursue complex investment strategy. Like MT4, it is accessible to all kinds of users, even though MetaTrader4 would still be a preferable platform because users in general trust it more for its reputation.
How to sign up on Vivo Trader directly (not recommended)
We understand that you may not want to trade with Vivo Trader through Bitcoin Profit or another crypto robot. In that case, you are certainly welcome to sign up on Vivo Trader directly. However, it is important for us to underline that we do not recommend doing that because you would be depriving yourself of some significant advantages whilst trading. Vivo Trader is a platform that gives you access to a trading space where users can place investments without any support. Robots like Bitcoin Profit on the other hand, are based on algorithms that allow the system to advise users on the best trades to make to earn money. Through Bitcoin Profit you can also use Vivo Trader as a broker. If you wish to do that, click here.
If you want to trade on Vivo Trader directly, you may go on their official website and register. Like for Bitcoin Profit, you will have to type in your email address, full name, phone number and password. You then have to confirm that you are over 18 years old and that you have read the terms and conditions. You will have the opportunity to open a demo account where you can access all the trading functions before having to put real funds into your account.
Vivo Trader offers five different account types, which is more than most other brokers. Normally, brokers offer between three and four different account types. Customers at Vivo Trader are offered to choose between a Basic, Bronze, Silver, Gold and Platinum account. Of course, each of the account upgrade offers different advantages. The minimum deposit require for the Basic account is 500 euros, 1000 euros for the Bronze, 5,000 euros for the Silver, 20,000 euros for the Gold and 50,000 euros for the Platinum.
All account types have some basic advantages, such as 24/6 customer support, access to the education centre, the daily market review and pro webinars. In addition to these advantages, the Bronze account gives users the option to receive price alerts. Silver and Gold account holders are also entitled to speak to account managers and to PIA trading signals. The Gold also provides users with PIA SMS signals but Silver account holders are not granted this advantage. On top of the advantages offered to Gold account holders, Platinum users also have personalised trading strategies, can have 1-to-1 trader trainer meetings and exclusive position access. Information on how spreads and commissions change depending on the account type is not provided.
The leverage on Vivo Trader goes up to 1:5, which some may see as a positive aspect whilst other may see it as negative. Having a low leverage, like in this case, means that investors are not allowed to take on great risks to make profit. The higher the leverage is, the higher is the amount of money that investors can risk losing. That is why we consider a low leverage as positive.
Commissions and Spreads
In terms of spreads, the cost of trading with Vivo Trader appear to be fair, with a standard spread of $25 for the BTC/USD currency pair. However, there is very little to no information available on the website as to whether or not and in what way the spread changes by upgrading your account. Information on commissions is also unavailable.
Deposits and Withdrawals
One of the most positive points of Vivo Trader is the variety of payment methods with which users can deposit or withdraw funds into and from their accounts. The payment methods offered include credit and debit cards and many different e-payment systems such as Discover, Neteller, Wire Transfer, Moneta, GiroPay, Sofort, AstroPay, BitPay, Neosurf and many others.
Bank transfers are also allowed and can be issued in different currencies. However, we are not sure what are the currencies accepted so if you are planning on paying by bank transfer, our suggestion would be to contact customer support to find out whether the currency you wish to pay in is accepted. We also advise to contact customer support immediately if you run into any trouble during a payment procedure. If instead you are planning on using Vivo Trader through Bitcoin Profit, there may not be the same variety of payment methods, but the options are still significantly varied and the most popular methods are certainly available.
The official Vivo Trader website mentions “on-the-go mobile trading”, but does not refer to any mobile app, which means that the broker probably does not offer any. The reason is that the brokers developers have designed a web-based software, meaning that in order to function, it simply needs to be accessed on a device connected to the Internet. That can be a laptop, tablet or smart phone; the only things that change in the trading platform are the formats of the page and the size of the screen.
Education and Resources
Education is another significantly positive feature offered by the broker. Vivo Trader has an “academy” section in its website dedicated to all the informative material that users may need to support themselves throughout their trading experience. The academy section has an asset index, a trading online course, trader news, an economic calendar, a market summary, a video chart analysis, a chart analysis and a live market summary. There are also calculators, a market weekly review and technical and fundamental analyses are offered as well. The section is really comprehensive of all the educational resources that users may need to learn more about the world of crypto, its risks and how to come up with a trading strategy. The initiative to come up with such a complete education section also suggests that Vivo Trader is a broker that has the satisfaction and protection of its users at heart.
The official website states that “from time to time” there are bonuses or promotions offered and advertised either through the website or through representatives. However, there currently are no bonuses or promotions on offer.
Customer support staff can be contacted via telephone or email. Users may also fill in a contact form by typing in their first and last name, phone number, email address and content of the message. A live chat is also available. The only downside of the customer support page is that a time frame within which users may contact staff is not provided, so it is unsure whether support is available 24 hours a day. According to the account type section of the website, support is available 6 days a week.
What makes Vivo Trader unique?
More robots where you can access Vivo Trader
Where is Vivo Trader based?
It is currently based in Tallinn, Estonia and is owned by the company Bravos OU, Harju maakond.
Is Vivo Trader a scam?
No, according to our test it is definitely not a scam. Even though it is an unregulated platform, it demonstrates a great level of professionalism by striving to put the protection and satisfaction of customers first. We definitely recommend trading with it through an auto trading robot.
What is the difference between a broker and a crypto robot?
The main difference is that brokers offer users access to trading platforms, whilst auto trading robots not only do that but they also help users by suggesting users what are the investments that have the potential to make the most significant profits. Crypto bots are certainly the best option for inexperienced traders.
What is Vivo Trader’s leverage?
The leverage offered by the broker is up to 1:5. We see it as positive because it stops users from taking unnecessary risks.
Are there risks when trading with Vivo Trader?
Yes, the crypto market is known to be very volatile so investing in it with whatever platform you choose, may always result in partial or total loss of funds. That is part of the reason why we suggest to trade with the broker through Bitcoin Profit, because reliable crypto bots like this one increase your chances of making profits.