VinDAX Review 2024
Minimum
deposit:
  • $1

Trading platform:

  • TradingView

VinDAX Review 2024

Updated:
Updated: October 06, 2023

3.31

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum
deposit:
  • $1

Trading platform:

  • TradingView
Trading features:
  • Many crypto-crypto pairs, low commissions even for beginners
  • VD token, which gives a discount on commissions
  • high stability and speed
  • no investment and referrals

Summary of VinDAX Crypto Exchange

VinDAX is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.31 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by VinDAX clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work. VinDAX ranks 101 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.

The VinDAX Crypto Exchange is a trading platform with simplistic and convenient functionality. It is focused on active trading, so it does not offer alternative income options like referral or investment programs. Many cryptocurrencies are available for trading, trading volumes are high, and new assets are constantly added to the pool. Commissions are low, including withdrawal fees. The site's proprietary VD coin is available for trading and issued for various actions. Holding a coin in your account allows you to significantly reduce trading fees. Premium customers with the highest volume of VD in their account receive additional payouts from a fund that is generated from 30% of the company's weekly revenue.

NOTE!

If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.

Traders Union experts recommend considering Top 3 companies from our rating:

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The VinDAX exchange is a popular cryptocurrency and coin trading platform with its proprietary VD token that saves on trading fees. Bitcoin (₿), Litecoin (Ł), Tether (₮), Ripple, and dozens of other cryptocurrencies and coins are available for trading on the exchange; and the list is regularly updated due to the open listing. Commissions are lower than the market average — initially 0.1% on the first trading level for taker/maker. In addition to the trading terminal in the browser, the exchange has its mobile application. One of the key advantages of the platform is its developed community infrastructure. It has a large blog with high activity and several dozen Telegram channels for communication between traders in different languages. It also has separate communication channels with technical support specialists who work 24/7. Registration is free and there is no minimum deposit.

💰 Account currency: Cryptos
🚀 Minimum deposit: No
⚖️ Leverage: No
💱 Spread: Market
🔧 Instruments: Cryptos
💹 Margin Call / Stop Out: No

👍 Advantages of trading with VinDAX:

  • many cryptocurrencies and coins are available for trading;
  • the exchange has its own VD coin, which gives a discount on commissions;
  • Trading fees are lower than the market average;
  • Many deposit and withdrawal options are available;
  • the trading terminal is easy to use;
  • Application for mobile trading (iOS/Android);
  • Regular promotions and contests with money prizes;
  • API for integration of the trading application into the platform;
  • high efficiency of technical support;
  • blog and Telegram channels in different languages.

👎 Disadvantages of VinDAX:

  • no referral program;
  • no fiat currency;
  • no investment solutions.

Evaluation of the most influential parameters of VinDAX

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

1.98

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

3.51

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

3.29

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

3.45

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

3.81

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

4.03

/10

Geographic Distribution of VinDAX Traders

Popularity in

12.2%
IN
India
7.5%
TH
Thailand
1.4%
DZ
Algeria
1.3%
PK
Pakistan
1.3%
TR
Turkey
0.5%
EG
Egypt
0.2%
UA
Ukraine
0.9%
IR
Iran
66.7%
Others
Others

User Satisfaction i

19 comments
Total score:
6.2 /10

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jessetb69
1 year ago

The company cancels all profitable trades. VinDAX does not have a regulator. And they know for sure that nothing will happen to them, no matter what they do. I do not recommend this company.

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MichaelBok
1 year ago

VinDAX are scammers. Don't trust them. Money is not given

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WCAAndaman2014
2 years ago

The first impression this cryptocurrency exchange exudes is its favorability. Registration took just a couple of minutes, and I heard from friends that there were no problems with verification on this site. The terminal works like a Swiss watch, and I did not notice any technical failures or bugs during work. There are many assets to choose from, and their number is growing. The VinDAX exchange does not interfere with the open listing of coins.

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arthurmabie928
2 years ago

This platform is publicly listed, so the pool of coins is growing actively. I have been working here for over a year, and the range of cryptocurrencies is constantly expanding. This company has many other advantages such as comfortable trading conditions. Moreover, it is equally convenient to trade here both from the browser version and from the mobile application. The functionalities of the two are the same. This crypto exchange has done everything it can to keep traders interested and to ensure they can trade safely in coins.

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businesman
2 years ago

I can’t even list all those moments that do not suit me in VinDAX. I do not want. And it would seem that the platform has been working for more than a year, but the minuses are off the charts. There are no guarantees about the safety of your funds, the site is registered in such an Asian country as Vietnam. This means that she does not have the documents necessary for such work. There is no regulation. This is not very reliable!

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AlfonzoKt
2 years ago

This platform has low commissions and several opportunities to reduce commission costs such as increasing the trade turnover or keeping the native token on your account. So, it is very convenient for everyone. There are some shortcomings, but small ones. For example, I did not like the lack of pairs with fiat and it should add dollars and euros. Otherwise, everything is fine.

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markieltrader
2 years ago

I am not disappointed that I switched to trade on VinDAX. Before that, I was not particularly lucky with crypto exchange as I got scammed and the second time, due to the lack of adequate technical support, I lost my deposit. However, I still decided not to give up and started looking for a sensible platform for trading cryptocurrencies. VinDAX is loyal to both professionals and beginners. The latter are ready to share all their wisdom. The exchange has a blog with useful materials, such as high-quality training resources, a FAQs section, and prompt technical support. There is no need to complain.

Expert Review of VinDAX

The VinDAX crypto exchange was launched in 2019. The platform was created by experienced stockbrokers, and as a result, blossomed to the expected trade turnover within six months. At the moment, it is not just a competitive platform, but also one of the leading players in the segment.

Its financial policy is usually noted as a major advantage of the exchange. It has no minimum deposit, but there is a minimum transaction volume for each traded asset. Commission fees do not depend on the trading volume as such but on the number of VD coins held in the account. At the entry-level, the commission is fixed and equals 0.1% for a taker/maker.

Two additional advantages of the site are the already mentioned VD token and its blogging community. The token has significant trading volumes and can be used to make money like any other crypto asset. Also, for trading the token, exchange customers benefit from additional savings on fees. For example, at the first level, the fee with sufficient trading VDs will be 0.08% instead of 0.1%.

Experts have not revealed failures, bugs, and vulnerabilities in the work of the exchange. It has a modern security system, expressed in multi-level encryption. The 2FA authentication serves as reliable protection from fake accounts and fraudsters. There is no evidence of hacking. The exchange always fulfills its obligations to customers.

Based on a sum of factors, experts can recommend VinDAX as a convenient and easy way to learn its platform with favorable financial conditions. However, traders should keep in mind that the exchange has no investment solutions, referral programs, or other sources of additional regular earnings. In general, only periodic exchange-organized contests are among the possibilities for additional income.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Dynamics of VinDAX’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment Programs, Available Markets, and Products of the Crypto Exchange

The VinDAX cryptocurrency exchange does not provide investment programs to its clients. Users have no opportunity to earn in any other way than actively trading cryptocurrency pairs. However, experts predict that since the site is actively developing, investment programs will soon come.

Important!

If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

VinDAX’s affiliate program:

Customers of the VinDAX crypto exchange cannot earn from invited users. Inviting their friends and acquaintances to the platform will not get them any bonuses or benefits. The absence of an affiliate program can be seen as an indicator of the company's confidence in its future because it does not seek to additionally motivate the influx of new customers.

Trading Conditions for VinDAX Users

To start trading on the exchange, you need to go to its official website and go through the registration and verification processes, which are not different from most cryptocurrency exchanges. Some exchanges require a certain minimum deposit to access the full functionality of the exchange. VinDAX has no such requirement. But you will have to enter funds in any case, as there is a minimum transaction amount for each asset. For example, for the pair BTC/VD, it is 0.1; and for the pair BCH/USDT, it is 0.001.

The exchange does not offer leverage. This means that clients can use only their own funds. Technical support of the platform is assessed as prompt and competent. It is available through the ticket system on the site, but it is easier and faster to contact it via Telegram. In Telegram, technical support is available 24 hours a day, 7 days a week, and is available in many languages.

$1

Minimum
deposit

1:1

Leverage

24/7

Support

💻 Trading platform: TradingView (built-in)
📊 Accounts: Standard
💰 Account currency: Cryptos
💵 Replenishment / Withdrawal: Bank cards, crypto, and e-wallets
🚀 Minimum deposit: No
⚖️ Leverage: No
💼 PAMM-accounts: No
📈️ Min Order: From 0
💱 Spread: Market
🔧 Instruments: Cryptos
💹 Margin Call / Stop Out: No
🏛 Liquidity provider: No
📱 Mobile trading: Yes
➕ Affiliate program: No
📋 Orders execution: Not indicated
⭐ Trading features: Many crypto-crypto pairs, low commissions even for beginners; VD token, which gives a discount on commissions; high stability and speed; no investment and referrals
🎁 Contests and bonuses: Yes

Broker comparison table of trading instruments

VinDAX Bybit MEXC Binance Lbank Coinbase
Forex No No No Yes No No
Metalls No No No No No No
Crypto Yes Yes Yes Yes Yes Yes
CFD No No No No No No
Indexes No No No No No No
Stock No No No No No No
ETF No No No No Yes No
Options No No No No No No

VinDAX Commissions & Fees

Information
The standard trading fee is 0.1% for taker and maker. This is the commission without rebates for a beginner who has a zero trading level. The trading level is determined by the amount of VD tokens the exchange client holds in his account. There are a total of 4 trading levels (including zero):

  • 0 VD — 0.1%/0.1% for maker/taker;

  • 1 to 50,000 VD — 0.09%/0.09% for maker/taker;

  • 50,000 to 100,000 VD — 0.08%/0.08% for maker/taker;

  • From 100,000 to 200,000 VD — 0.07%/0.07% for maker/taker.

For active VD trading, you can get an additional discount. With the discount, the amount of commission will be 0.08% on the zero level; 0.07% on the first level; 0.06% on the second level; and 0.05% on the third level. The commission is equal for takers and makers.

Account type Spread (minimum value) Withdrawal commission
Standard Up to 0.1% per order Yes

VinDAX does not charge a commission for depositing funds, except for some tokens. For example, the commission for the input of GOLD is 2% of the input amount, and for the input of BTRL, it is 0.2%. Withdrawal commissions are charged on all tokens regardless of the withdrawal channel. They are determined only by the asset. For example, the fee for Bitcoin withdrawal is ₿0.0005, and the fee for Ethereum withdrawal is Ξ0.006.

Broker Average commission Level
VinDAX $1 Medium
Bybit $20 High
Bitfinex $0.1 Low
Logo VinDAX
$1
$20
$0.1

Contacts

Foundation date 2019
Registration address Vietnam
Official site
All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
VinDAX Review VinDAX Review

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FAQs

Do reviews by traders influence the VinDAX rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about VinDAX you need to go to the broker's profile.

How to leave a review about VinDAX on the Traders Union website?

To leave a review about VinDAX, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about VinDAX on a non-Traders Union client?

Anyone can leave feedback about VinDAX on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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