In the massive world of online trading, finding a broker that suits your individual needs can feel like a daunting task. Enter Vestrado, a platform crafted by veteran traders aiming to simplify the trading journey. But does it deliver on its promises? Let's take a closer look in this comprehensive review of Vestrado.
Vestrado, created by a cadre of experienced financial traders, has a single-minded mission: to enhance and simplify your trading journey by offering a one-stop platform furnished with all the necessary tools and resources. Thanks to the broker’s cutting-edge technology, you have the opportunity to delve into a myriad of instruments, from foreign exchange and indices to equities, commodities, and even futures contracts.
Vestrado takes pride in its unique approach that hinges on offering a platform for trading and creating a conducive learning environment. Through an assortment of educational resources and trading tools available on its platform, Vestrado aspires to nurture a global cadre of proficient traders.
Moreover, the broker positions itself as more than just a platform for trading. Vestrado strongly emphasizes premier customer service, ready to aid you on your trading journey. Its vision and commitment to placing a high value on all aspects of trading and education have allowed it to garner trust among traders globally.
Nevertheless, does Vestrado succeed in living up to these lofty ambitions? Does it have what it takes to become a reliable partner to navigate you through the treacherous waters of financial markets? It’s imperative to delve into the details to answer these questions. This review aims to bring every aspect of Vestrado to light, giving you a comprehensive picture of what to expect from this broker.
|Type of Broker||ECN forex broker|
|Regulation & Licensing||Mwlai International Services Authority (MISA), Financial Sector Conduct Authority (FSCA), St Vincent and Grenadines, with the registration number 25911 BC 2020|
|Applicable Countries Allowed To Trade||See section below|
|Assets Offered||Forex, Shares, Indices, Commodities, Crypto|
|Payment & Withdrawal Options
|Local Transfer, Wire Transfer, Credit Card, USDT, E-wallet, Virtual Bank, Crypto, Local Depositor|
- Vestrado is a global broker that provides a platform to trade a wide range of instruments such as forex, indices, equities, commodities, and futures
- It has a user-friendly platform interface and offers the MetaTrader platform access to over 100 financial instruments
- Vestrado was founded by a group of financial traders with the goal of simplifying the trading process
- The broker offers a range of account types to meet diverse trading needs, including Fides, Essentia, and Finesse accounts
- Vestrado is regulated by CySEC (Cyprus Securities and Exchange Commission), providing a degree of investor protection and compliance with financial standards
- The broker has a detailed deposit and withdrawal process, supporting various methods such as local transfer, wire transfer, credit card, USDT, e-wallet, virtual bank account, cryptocurrencies, and local depositor
- It offers various promotions and partnership programs, including contests, re-deposit bonuses, and a commission rebate program for partners
- The broker provides a single contact form and an email address as its primary customer support channels
- It is prohibited from offering its services in several regions due to varying local regulations and restrictions, including countries like the United States, China, and Russia
- Despite offering a lot of information and resources on its website, Vestrado's customer support is limited, which could impact the overall customer experience
Pros and Cons
- Regulated, promoting a secure trading environment
- Multiple account types catering to diverse trader needs
- Rich promotional and partnership opportunities
- Reliable trading platform with MetaTrader
- Variety of trading instruments
- Extensive educational resources
- Wide range of tradable assets
- Transparent operational information
- Lack of comprehensive customer support
- US residents are prohibited
- The absence of a negative balance protection policy
- Information about some policies is hard to find
- Some regions are restricted from service
- Limited deposit and withdrawal methods
- Does not support copy trading
- Does not permit scalping
Is Vestrado Safe? Broker Regulations
Vestrado is a comprehensive brokerage platform that operates under the umbrella of multiple companies, each regulated by their respective authorities. Such extensive regulatory oversight, as stated on Vestrado’s website and in their “Full Risk Warning” PDF, ensures investor protection and the legitimacy of the firm’s operations.
The primary entity, Vestrado Ltd, holds its registration in St Vincent and Grenadines under registration number 25911 BC 2020. Its official address is listed as Hinds Building, Kingstown, St Vincent and Grenadines. This structure designates Vestrado Ltd as an International Business Company, thus paving the way for its global financial activities.
Subsequently, we have Vestrado Capital Limited, a registered entity of the Comoros Union. This arm of Vestrado holds the registration number HY01022081, and its headquarters is at Bonovo Road – Fomboni, Island of Mohéli – Comoros Union. The MWALI International Services Authority (MISA) authorized and supervised its activities under Brokerage Services License T2022141. This assures that the brokerage firm adheres to the regulatory framework designed to maintain financial transparency and stability.
Another entity under the Vestrado group is Vestrado (PTY) Ltd, a South African registered company under the registration number 2021/675350/07. Its registered address is located at 37 HARLEY STREET FERNDALE, RANDBURG 3370 2149. The Financial Sector Conduct Authority (FSCA) of South Africa licenses and regulates it under FSP license number 51891, which ensures compliance with local financial laws and regulations.
The various regional licenses that Vestrado holds from different jurisdictions underscore the company’s commitment to operating within the stringent rules set by financial authorities. These licenses provide credibility and establish a sense of trust for the investors. A well-regulated firm implies that it adheres to rigorous financial standards, from capital adequacy requirements to client funds segregation, hence reducing the risk of fraudulent activity.
Despite the comprehensive regulatory framework, as of our analysis, there are no noticeable awards accredited to Vestrado on its website. This, however, doesn’t necessarily reflect the broker’s competency, as it is common for many credible brokerage firms to operate without such acknowledgments. It is essential, nonetheless, for potential investors to conduct their thorough due diligence, aside from regulation and recognition, to evaluate the broker’s offerings, service quality, and customer experience.
- Mwali International Services Authority (MISA)
- Financial Sector Conduct Authority (FSCA)
- St Vincent and Grenadines with the registration number 25911 BC 2020
What Can I Trade with Vestrado?
Vestrado offers a diversified range of tradable assets, with categories that include Forex, Crypto, Shares, Indices, and Commodities. Detailed information on each of these asset classes can be located in the “products” section on the main menu of their website.
Forex trading at Vestrado offers a comprehensive suite of currency pairs, covering more than 60 major, minor, and exotic pairs. The trading conditions are favourable with tight spreads across various account types. For example, currency pairs like the Australian Dollar versus Canadian Dollar (AUD/CAD), Australian Dollar versus Swiss Franc (AUD/CHF), and Australian Dollar versus Japanese Yen (AUD/JPY) have contract sizes of 100000 and the spreads differ across the Respectus, Fides, and Frux/Cent accounts.
Cryptocurrency trading is another promising opportunity offered by Vestrado. They offer access to various crypto pairs, including Bitcoin traded against USD (BTCUSD), Euro (BTCEUR), Japanese Yen (BTCJPY), and British Pound (BTCGBP). The contract sizes for these pairs are indicated as 1, with a 20% margin.
In the domain of Shares, Vestrado opens the gateways to numerous renowned corporations. Examples include Apple (AAPL), Adidas Salomon (ADSGn), American International Group (AIG), and Air France – KLM (AIRF). The margins and contract sizes vary depending on the respective share instrument.
Indices trading is yet another avenue with Vestrado, offering access to a variety of index instruments. Notable among these are the ASX 200 Cash Index (S&P/ASX 200 – AXCAUD.V), Wall Street Cash Index (Dow Jones Industrial Average – DJCUSD.V), and the Euro Stoxx 50 Cash Index (EXCEUR.V). Each of these indices has a margin of 300 with a contract size of 1.
Vestrado also facilitates trading in Commodities. You can trade in Silver Spot United States Dollar (XAG/USD) and Gold Spot United States Dollar (XAU/USD) within the metal commodities. Spreads, margins, and contract sizes for these commodities vary across different account types.
These diverse trading opportunities offered by Vestrado across varied asset classes can cater to a broad spectrum of investors’ preferences, strategies, and risk tolerance levels. However, as always, potential investors are advised to delve into comprehensive research and due diligence before initiating their investment journey.
- Stocks (Shares)
How to Trade with Vestrado?
Vestrado delivers its trading services through the renowned MetaTrader4 (MT4) platform, which is acknowledged worldwide for its robust and versatile features. This platform is accessible through Vestrado’s “trading” main menu on their website. The MT4 platform provides a blend of security, advanced charting capabilities, and customizable features, offering a comprehensive and user-friendly trading environment.
The security of traders’ data is crucial, and MT4 ensures this through its robust 129-bit key encryption. This encryption safeguards against potential threats and vulnerabilities while keeping the trader’s IP address concealed. Additionally, the MT4 platform promotes transparency, enabling users to view complete trade disclosure, account balances, and pricing data devoid of any hidden costs or transaction fees.
MT4 is admired for its advanced charting capabilities that empower traders to perform a meticulous technical analysis of the markets. These include multiple timeframes, a rich assortment of technical indicators, and graphic objects that enhance market monitoring and pricing dynamics accuracy. Additionally, users can personalize their experience with various chart colors, styles, and preset templates.
MT4 also provides full-scale customization, permitting traders to mold the platform in alignment with their trading needs and preferences. This includes implementing automated trading strategies, creating unique plugins, and developing technical indicators using the MetaQuotes programming languages (MQL4/MQL5).
Vestrado’s MT4 platform is available both as a Terminal for PC and Macbook and as a Mobile Trader for iOS and Android devices. This dual availability ensures that users can engage with the markets wherever they are, at any time.
The MT4 Terminal for PC and Macbook stands as a powerful tool for technical analysis and trading. Users can explore and test all the platform’s features by opening a free demo account. Meanwhile, the MT4 Mobile Trader application combines the convenience of mobile technology with the comprehensive trading capabilities of MT4. It offers a range of features, including the ability to manage open positions, access to real-time price streaming, live trading activity, charting tools, execution alerts, and news feeds.
Although MT4 is a competent platform, the addition of MT5 and proprietary software could potentially enhance the trading experience. These platforms could introduce additional features, improved interface, and increased speed, further enriching the trading experience. However, Vestrado’s utilization of MT4, known for its simplicity and effectiveness, ensures a reliable trading platform for its users. As always, traders should consider their individual needs and strategies when selecting a trading platform.
|One-Click or One-Tap Trading||Yes||Yes|
|Trade Straight off Charts||Yes||Yes|
|Email Alerts or Push Notifications||Yes||Yes|
|Trailing Stop Order||Yes||Yes|
|OCO Orders (One-Cancels-The-Other)||Yes||Yes|
|Streaming News Feed||Yes||Yes|
- MetaTrader 4 (Windows, macOS, Android, iOS)
How Can I Open Vestrado Account? A Simple Tutorial
To open a live account with this broker, you must first head to their website. You will then need to click the “open live account” button to the right of the main menu.
You will then be redirected to the registration page, where you must fill in your details, including the type of account, your title, name, date of birth, country of residence, address, phone number, and Email address. You will also need to accept the terms and conditions on this page.
Next, you will be prompted with a blank confirmation screen. If you hover over this and highlight the text, you will see that it says you must follow the link sent to your Email address.
Following the link sent to your Email address will direct you to the client area, and for the most part, your registration is now complete. However, you will need to upload your ID/Drivers License and Proof of Address to verify your identity. This is so you can deposit and withdraw funds. Remember that most brokers want the registration to be quick, but this is still something you will need to attend to.
- Open a live account with the broker by visiting their website.
- Click the "open live account" button on the right side of the main menu.
- You will be redirected to the registration page.
- Fill in your details, including the type of account, title, name, date of birth, country of residence, address, phone number, and email address.
- Accept the terms and conditions on the registration page.
- Hover over the blank confirmation screen and highlight the text to find the link sent to your email address.
- Follow the link in your Email to access the client area.
- Upload your ID/Driver's License and Proof of Address to verify your identity.
- This verification is necessary for depositing and withdrawing funds.
- Note that while brokers aim for quick registration, you still need to complete the verification process.
Vestrado Charts and Analysis
Vestrado’s trading resources currently consist solely of an economic calendar, a useful yet basic tool in the suite of educational materials that a broker can offer. You can find this economic calendar in the “News” section of the main menu on their website.
An economic calendar can be an important tool for traders, providing an organized schedule of significant economic events, policy decisions, and other critical announcements that could influence the markets. It can help traders anticipate market movements and adjust their trading strategies accordingly.
However, offering an economic calendar alone significantly limits the scope of Vestrado’s educational content. Educational resources play an indispensable role in the dynamic and multifaceted world of trading. Comprehensive educational resources can better equip traders, particularly those new to the market, with knowledge about market trends, trading strategies, risk management, and much more.
The absence of other educational materials, such as webinars, e-books, video tutorials, blogs, and comprehensive articles on Vestrado’s platform, indicates a noteworthy gap. This lack is particularly surprising, considering there’s no blog section, which is often a go-to resource for up-to-date, relevant, and detailed market information.
The lack of comprehensive trading resources and educational material is a significant shortcoming for Vestrado. Comprehensive educational content can enhance a trader’s knowledge and skillset and build a trader’s confidence. It can serve as a continuous learning path, potentially leading to better trading decisions and outcomes.
Given these considerations, it’s evident that Vestrado’s trading resources could do with considerable enhancements. An investment in quality educational resources could be a strong value addition to Vestrado’s services, potentially attracting a wider user base while ensuring existing users are well-informed and supported in their trading journey.
- Economic Calendar
Vestrado Account Types
Vestrado presents a selection of trading account types, catering to different trader preferences and strategies. The details about these account types can be found in their main website menu’s “Trading” section.
Frux Standard Account (STP)
The Straight Through Processing (STP) model allows for direct market access, ensuring quick and efficient trade execution. This account requires a minimum deposit of $10. It allows for leverage of up to 1:2000, dynamically adjustable based on the account’s equity tier. The maximum trade size for each position can go up to 40 lots. The account also offers swap-free options for Muslim traders, respecting Islamic finance principles. Spreads start from 1.5 pips.
Frux Cent Account
Vestrado has a Cent Account lined up for future release, which will be an excellent option for novice traders to get started with less risk. The account balance here is denominated in cents, making it more accessible for those with smaller capital. The specifications for this account are largely similar to the Frux Standard account, including a $10 minimum deposit, with the exception of leverage capped at 1:1000 and a larger maximum trade size of 100 lots.
Fides Cashback Account
This type of account is specially designed for traders who prefer lower spreads and regular cashback. It features spreads starting from just 0.8 pips and offers the same $10 minimum deposit, up to 1:1000 leverage, and the maximum trade size per position is 40 lots.
Respectus ECN Account
For professional traders who prefer raw spreads and high-speed execution, the Respectus ECN account offers the Electronic Communications Network (ECN) model for direct access to liquidity providers. Spreads start from 0 pips with a commission of $6 per lot on major and minor pairs and metals. Indices, oils, stocks, and cryptocurrencies trades are commission-free. The maximum total trade size per position for this account is 100 lots.
Regardless of the account type chosen, Vestrado provides a personal account manager for each trader, enhancing the personalized trading experience. All accounts offer the possibility of hedging and the minimum trade size across all accounts is 0.01, with trade size increments of the same amount.
Remember, while Vestrado offers diverse options for trading accounts, it’s essential to understand each account’s specifications and requirements to choose one that suits your trading strategy best.
|Features||Frux Standard (STP)||Frux Cent Account||Fides Cashback Account||Respectus ECN Account|
|Available Leverage||Up to 1:2000||Up to 1:1000||Up to 1:1000||Up to 1:1000|
|Commission Per Trade||No||No||No||$6 per lot for Major and Minor Pairs and Metals|
|Trading Instruments||Financial Instrument||Financial Instrument||Financial Instrument||Financial Instrument|
|Min. Lot Size Per Trade||0.01||0.01||0.01||0.01|
|Max. Lot Size Per Trade||40||100||40||100|
|Spreads||Starting from 1.5 pips||Starting from 1.5 pips||Starting from 0.8 pips||Starting from 0 pips|
|Demo Account||Not specified||Not specified||Not specified||Not specified|
|Scalping||Not specified||Not specified||Not specified||Not specified|
|Copy Trading Support||Not specified||Not specified||Not specified||Not specified|
|Available to U.S. Residents||Not specified||Not specified||Not specified||Not specified|
- Frux Standard STP
- Frux Cent (coming soon)
- Fides Cashback Account
- Respectus ECN Account
Do I Have Negative Balance Protection with This Broker?
In the vast landscape of trading, the brokerage firm Vestrado stands as an active participant. However, it appears that one essential aspect is notably absent from their website – their policy on Negative Balance Protection. This crucial piece of information, which unfortunately seems to be missing from their website, even from their legal documentation available under the “Company” section, can potentially leave traders uncertain.
Negative Balance Protection is a policy that prevents traders from losing more money than they have deposited into their accounts. It serves as a safety net, effectively putting a floor on potential losses. Without it, a sudden market shift could leave a trader owing a broker more money than they had initially invested. In essence, it shields you, the trader, from entering into debt.
The absence of a Negative Balance Protection policy on Vestrado’s website is a considerable oversight. As a trader, you should be fully aware of all the risks and safety measures associated with your investments. Not knowing whether or not you’re protected from negative balances can add a layer of unnecessary risk and anxiety to your trading activities.
Moreover, this lack of transparency is a deviation from standard practice. Many brokers routinely incorporate Negative Balance Protection as a basic tenet of their service, understanding its importance to their client’s financial security and peace of mind. The inclusion of such a policy reflects a broker’s commitment to safeguarding their clients’ interests.
In light of these factors, it is clear that the lack of information regarding Negative Balance Protection at Vestrado is a significant gap that should be addressed. It not only adds a layer of potential risk for traders but also puts Vestrado at a competitive disadvantage in the industry.
Vestrado Deposits and Withdrawals
In the trading world, the ease of transactions – deposits, and withdrawals – plays a crucial role. Vestrado, a popular broker, acknowledges this need by providing a variety of methods for both deposits and withdrawals. This information can be located under the “Trading” section of Vestrado’s main menu.
For depositing funds, Vestrado has made the process straightforward. Once logged into your account, you’ll need to find and click the “Deposit” button. From there, you can choose your preferred deposit method from an extensive list that includes Local Transfer, Wire Transfer, Credit Card, USDT, E-Wallet, Virtual Bank Account, Cryptocurrencies, and Local Depositor. Depending on your selected method, the deposit could be processed anywhere from 5-10 minutes to 2-7 days. The minimum deposit amount is uniformly USD 10 across all methods, and the maximum limit ranges up to USD 10,000. Most methods come without any processing fee, although Wire Transfers may include fees that Vestrado agrees to cover.
On the other hand, withdrawing funds follows a similar process. Once you’re logged into your account, you can select your preferred withdrawal method. The options available are similar to those for deposit: Local Transfer, Wire Transfer, Credit Card, USDT, E-Wallet, Virtual Bank Account, and Cryptocurrencies. The minimum withdrawal limit is uniformly USD 100 across all methods, with a maximum limit of USD 10,000. Depending on your selected method, the processing time can vary from 1-24 hours to 7-14 days. Just like with deposits, most methods don’t incur a processing fee. For cryptocurrencies, however, there is a 1% processing fee.
In conclusion, Vestrado offers a comprehensive array of deposit and withdrawal methods catering to diverse financial needs and preferences, providing users with an intuitive and flexible platform for trading activities. Please note that processing times and fees may vary, and checking the current details on Vestrado’s website is always a good idea.
- Local Transfer
- Wire Transfer
- Credit Card
- Virtual Bank
- Local Depositor
Support Service for Customer
In today’s digital era, providing a variety of customer support channels is not just a nice-to-have; it’s a must-have, especially for online trading platforms where users might need immediate assistance with their transactions. Vestrado, the broker under review, has an approach to customer service that leaves room for enhancement. This information can be found under the “Company” section of their main menu.
At present, Vestrado has a limited number of customer support options. Their “Contact Us” page offers a standard contact form for users to fill out. Users are required to provide their full name, email address, phone number, subject of inquiry, and a message detailing their concerns. Furthermore, they provide a support email address (email@example.com) displayed at the bottom of the page, assuring their clients that they can contact them 24/7.
Despite their continuous availability, the current support channels might be insufficient to provide immediate help when users face time-sensitive issues. As a broker, Vestrado should consider expanding its customer support channels.
For instance, live chat support could be a valuable addition. This service could offer real-time assistance, thus reducing response time and increasing customer satisfaction. Another practical option could be a dedicated phone line for immediate, voice-based assistance. In addition to these, FAQ sections can be particularly useful in providing instant help to customers with common queries.
Furthermore, the mention of social media channels such as Facebook, Twitter, Instagram, and Youtube implies an opportunity for customer engagement and support. However, it’s unclear whether these platforms are being utilized for customer support or company updates and news.
Overall, while Vestrado’s effort to provide 24/7 customer service is commendable, the addition of more dynamic and immediate support channels would significantly enhance the user experience and demonstrate their commitment to customer satisfaction. This step is particularly crucial in an industry where the swift resolution of issues can mean the difference between profit and loss for traders.
|Vestrado Customer Support||Overview|
|Customer Service By||Vestrado|
|Customer Service Hours||24/7 Email|
|Email Response Time||Within one day|
|Personal Account Manager||Yes|
- Supported Languages: English*
- Customer Service Channels: Contact form, Email
- Customer Service Hours: 24/7
Prohibited Countries: Where Can I Not Trade with this Broker?
In the complex world of online trading, brokers must navigate a web of international laws and regulations. This also applies to Vestrado, a broker whose services are inaccessible to certain jurisdictions. Information about these restrictions is conveniently located in the footer section of the Vestrado website.
Why does this happen? The primary reason is that each country has its unique set of regulations pertaining to financial activities, which brokers need to comply with to operate legally. Some countries, such as the United States, Canada, and Japan, have stringent regulatory environments that may require brokers to obtain specific licenses and follow strict rules that can often be complex and costly to comply with.
Vestrado, like many other brokers, has opted to avoid operating in such regions. In the case of Vestrado, the prohibited countries list includes Japan, Afghanistan, Australia, Albania, Belarus, Canada, the Central African Republic, China, Egypt, Iran, Iraq, Lebanon, Libya, Myanmar, North Korea, Russia, Spain, Sudan, Syria, Tunisia, Ukraine, United States of America, United States Virgin Islands, Venezuela, and certain unspecified regions.
The rationale behind these restrictions is not just about navigating regulations. It is also about mitigating risks. For example, certain countries like North Korea, Syria, and Iran are subject to international sanctions, making financial transactions with individuals or companies in these regions potentially problematic.
Furthermore, some regions like Myanmar and Central African Republic are marred by political instability and conflict, which can pose significant operational challenges and risks.
Finally, certain countries like China have strict controls over their capital markets, limiting the ability of foreign companies like Vestrado to operate within their boundaries.
While Vestrado’s prohibited countries list may seem like an inconvenience to potential traders in these regions, it’s a strategic decision to comply with international laws and regulations and mitigate potential financial and operational risks. It is a common practice in the trading world, reflecting the global challenges that come with operating in the financial services sector.
- Japan, Afghanistan, Australia, Albania, Belarus, Canada, the Central African Republic, China, Egypt, Iran, Iraq, Lebanon, Libya, Myanmar, North Korea, Russia, Spain, Sudan, Syria, Tunisia, Ukraine, United States of America, United States Virgin Islands, Venezuela
Special Offers for Customers
In the vibrant world of online trading, it’s crucial for a broker to stand out and offer something special to its clients. Vestrado seems to grasp this concept well, offering a range of exciting promotions and partnerships. You can find these offers under the “News” and “Partnership” sections in the main menu of their website.
On the promotions front, Vestrado rolls out a series of engaging contests and initiatives. They range from events such as the ‘iWin Contest’ and ‘Golden Eid Contest’ to special end-of-year giveaways. They also offer a 30% re-deposit tradable bonus for clients based in Nigeria and a generous self-rebate on their Fides account up to USD 3.
To get started with these promotions, Vestrado simplifies the process into three steps: first, select and apply for your account type, then fund your account with no deposit fees, and finally, get access to more than a hundred financial instruments via the MetaTrader platform.
For those interested in partnerships, Vestrado seems to offer a robust affiliate program. This program is defined by high commission rebates, which can range from USD 6 to USD 15 per lot, built on a three-tier structure with no commission caps. Moreover, the payments are made daily.
Vestrado further supports its partners by assigning a personal account manager to each one. These managers can assist in expanding your business with the broker. Partners also gain access to free marketing resources and comprehensive statistics to optimize their growth. Notably, Vestrado provides instant payouts for generated commissions, showing its emphasis on the vitality of cash flow in business development.
But that’s not all. The affiliate program also comes with an impressive rewards system. Partners have the chance to win luxury prizes or even redeem their hard work for cash rewards. The prizes, ranging from top-tier cars like the Range Rover Velar, Porsche Macan, and Mercedes E-Class Saloon to premium watches, demonstrate Vestrado’s commitment to recognizing and rewarding their partners’ efforts.
- IB partner
- Self Rebates
- iWin Contest
- EID Contest
Vestrado Review Conclusion: Reputable Broker with Easy-to-use Platform
The company's compliance with industry regulations provides a level of trust, indicating that they are a safe and reliable broker, albeit not without room for improvement, particularly in customer service.PIPPENGUIN
While Vestrado offers a wealth of information on its site and displays transparency in its operations, the relative lack of comprehensive customer support may be off-putting for some potential traders. The company’s compliance with industry regulations provides a level of trust, indicating that they are a safe and reliable broker, albeit not without room for improvement, particularly in customer service.
Summary and Key Takeaways
Vestrado is a regulated online broker that provides several account types, including Standard, ECN, and Micro accounts, each tailored to different trader profiles. They offer an array of special promotions, such as contests and a lucrative affiliate program.
The broker operates on the widely-accepted MetaTrader platform, offering access to a broad range of trading instruments. While the broker is rich in trading resources and educational materials, they fall short on customer support, with only an email address and a contact form provided. A wide range of assets, including forex pairs, indices, commodities, and cryptocurrencies, can be traded.
- Regulated online broker
- Offers Standard, ECN, and Micro account types
- Features special promotions and affiliate program
- Operates on the MetaTrader platform
- Provides access to a variety of trading instruments
- Offers trading resources and educational materials
- Lacks comprehensive customer support
- Enables trading of a wide range of assets
What is the minimum deposit for Vestrado?
The minimum deposit for Vestrado is USD 10.
Is Vestrado regulated?
Yes, Vestrado is a regulated online broker. They are regulated by Mwlai International Services Authority (MISA), Financial Sector Conduct Authority (FSCA), and St Vincent and Grenadines with the registration number 25911 BC 2020.
What are the different types of accounts in Vestrado?
Vestrado offers several types of accounts to cater to different trading needs, including Standard, ECN, and Micro accounts.
1 review for Vestrado Broker Review: Is This Broker Safe?
Table of content
- Vestrado Overviews
- Pros and Cons
- Is Vestrado Safe? Broker Regulations
- What Can I Trade with Vestrado?
- How to Trade with Vestrado?
- How Can I Open Vestrado Account? A Simple Tutorial
- Vestrado Charts and Analysis
- Vestrado Account Types
- Do I Have Negative Balance Protection with This Broker?
- Vestrado Deposits and Withdrawals
- Support Service for Customer
- Prohibited Countries: Where Can I Not Trade with this Broker?
- Special Offers for Customers
- Vestrado Review Conclusion: Reputable Broker with Easy-to-use Platform
- Summary and Key Takeaways