VBI Company clients can have access to an application on their phone (Android and iPhone compatible) that allows them to trade their accounts live on the go at the push of a button. This application also has a “Practice” mode in which customers can place real orders with real data using practice money at zero cost. The “Practice” mode on the app is identical to what the live application would be outside the fact there are no real dollar consequences. This ensures the client will be comfortable with the platform and prevent future mistakes. It also gives new traders a live look as to what risk commodities can pose and can get a real sense of the speed at which certain markets move.
Please be aware that there are fees and commissions that apply to trading that will not appear on the practice application. The practice application is still 100% free, but this may mislead consumers in thinking that trades are placed without any fees or commissions in real time which is not the case. However, VBI Company will ensure the client is aware of what these fees will be upfront before signing up, make sure that they understand exactly what fees will be charged for each individual trade, and that they will be sent updated equity runs/account summaries on a day to day basis once they begin live money.
VBI Company recommends that clients begin on the “Practice” setting as it is a great starting tool to begin learning the mechanics and start implementing the strategies used by VBI Company at zero-risk to themselves.