Vestrado Review: A Deep Dive Into the World of FX Trading

We all know that Forex trading has many intricacies. And Vestrado emerges as a relatively new player. It was founded in 2020 and headquartered in Saint Vincent and the Grenadines. What’s more, this forex broker offers online trading services to retail clients across the globe. 

Vestrado’s unique aspect lies in its ECN/STP broker status. This enables clients to access the interbank forex market without a dealing desk. In this Vestrado review, we will explore the features, offerings, and tricky legitimacy of this broker. We will shed light on its performance and what traders can expect from this platform.

Vestrado Legitimacy: Analyzing the Regulation

Vestrado asserts that it operates under the ownership and governance of Vestrado Ltd. This is a company reportedly registered in St. Vincent and the Grenadines. We are aware that SVG is an offshore destination with no strict regulatory oversight. 

The Vestrado broker emphasizes its licensure and authorization by the local Financial Services Commission (FSC) in adherence to regional regulations. Yet, upon closer examination, the regulatory landscape appears murkier than portrayed. The following entities are listed as part of Vestrado’s group of companies:

• Vestrado Ltd (https://vestrado.com). An International Business Company registered in St Vincent and Grenadines.
• Vestrado Capital Limited. A Comoros Union registered company regulated by the MISA (MWALI International Services Authority).
• Vestrado (PTY) Ltd. A South African company licensed and regulated by the Financial Sector Conduct Authority (FSCA). South Africa FSCA license number: 51891. This license is outside the scope of business regulated by South Africa FSCA.

Yet, it’s imperative to note that Vestrado’s and Uni-co‘s offshore registration and lack of substantial regulation cast doubts on their credibility. This challenges its claim of financial oversight. 

Exploring Trading Assets at Vestrado: A Diverse Portfolio

Diversification is a cornerstone of successful trading. Vestrado acknowledges this by offering an extensive range of financial instruments. Traders can explore forex, metals, shares, cryptocurrencies, and indices.

Vestrado Forex offers abundant profit opportunities. The inclusion of other assets like metals, shares, cryptos, and indices allows for strategic hedging and capitalization on various market movements. Traders must evaluate each instrument’s unique risks and rewards. They should align their choices with their investment objectives and risk tolerance.

Note: Just like many other offshore brokers, UnitForex is another non-regulated company. This means clients are not protected by any government agency, and their assets could be risky.

Navigating Trading Platforms at Vestrado: MetaTrader 4

Vestrado tries to suit traders’ preferences by offering the widely acclaimed MetaTrader 4. Boasting an intuitive interface, advanced charting tools, and customizable features, MT4 is favored across the industry. 

Traders can access this platform via desktop, mobile, and web versions. The platform truly ensures flexibility and convenience. 

Additionally, the broker introduced the Vestrado MT4 Multi-Terminal platform. That platform is designed for managing many accounts simultaneously.  MetaTrader 4 (MT4) remains a suitable choice for many traders despite the absence of MetaTrader 5 (MT5). 

Understanding the Trading Environment

Vestrado account types need minimum deposits of $5 to $100, depending on the type.  Four main account types are available:

• Frux Standard Account STP. Offers variable spreads, no commissions, and leverage up to 1:2000.
• Frux CENT Account. Catered for smaller trades, with access to leverage up to 1:1000.
• Fides Cashback Account. Rewards traders with cashback based on trading volume, leverage up to 1:1000.
• Respectus ECN Account. Features lower spreads and commissions, leverage up to 1:2000.

Although the range of options caters to a variety of traders, it is crucial to determine each account’s credibility. To access your account, simply navigate to the official website and use your Vestrado Ltd login credentials.

Vestrado presents traders with enticing trading conditions such as tight spreads, leverage of up to 1:500, and a diverse array of currency pairs numbering over 60. With generous trading Vestrado bonuses and the availability of the renowned MetaTrader 4 platform, Vestrado appears alluring. Yet, beneath the surface, certain discrepancies cast a shadow over its claims of safety and credibility.

Leverage: Balancing Risk and Reward

Vestrado includes a varying range of leverage, ranging from 1:1000 to 1:2000, contingent on the chosen account type. While high leverage boosts potential profits, it also heightens the risk of significant losses, particularly in volatile markets. 

Traders must stay safe by aligning their leverage choices with their risk tolerance and trading strategy. Vestrado’s higher leverage may appeal to risk-tolerant traders, but careful consideration remains paramount.

Mobile App and Demo Account

In addition to its core offerings, Vestrado extends its services to a mobile trading app. What it does is it facilitates trading on the go. 

A demo account empowers traders to hone their skills without risking real capital. This is quite a benefit for an FX broker. 

Vestrado Fees: A Transparent Examination

Vestrado asserts its commitment to low fees. It provides commissions and fees varying based on the chosen account type. 

While the Cent, Standard, and Fides Cashback accounts offer commission-free trading environments, Vestrado spreads start at 1.5 pips, 0.8 pips, and 0.0 pips, respectively. 

Notably, the Respectus ECN account offers spreads from 0.0 pips, accompanied by a $6 commission per lot. The Vestrado broker also levies non-trading fees, including inactivity fees, withdrawal fees, and deposit fees. It’s crucial to stay updated on these fees, as they can impact the overall trading experience.

Payment Methods and Accessibility

Vestrado caters to traders’ convenience by offering a diverse array of payment methods for clients. Options include local transfer, wire transfer, credit card, USDT, e-wallets, virtual bank accounts, other crypto coins, and local depositors. 

With a minimum deposit requirement of $10 and a maximum cap of $10,000, traders of all levels can find their fit. Withdrawals, too, are available in a variety of ways, with a minimum withdrawal amount of $100.

Navigating Customer Support

Vestrado emphasizes accessibility by offering customer support through email, phone, and 24/7 live chat. Live chat is readily available on the Vestrado website, ensuring timely assistance. 

Besides, the broker extends its presence to social media platforms such as Meta and Twitter, broadening communication channels. A basic FAQ section adds convenience for traders seeking quick answers.

Traders’ Perspectives: Trust and Reviews

Users’ comments demonstrate Vestrado’s credibility and performance. Trustpilot paints a favorable picture, with a trust score of 4.5 stars from 20 reviews. Notably, 95% of reviews gave the highest 5-star rating, underscoring high levels of client satisfaction. Reviews emphasize the platform’s ease of use and customer support. 

Vestrado’s platform is praised for its low fees and excellent portfolio management tools. Most users recommend Vestrado to others, demonstrating that the platform is reliable.

The Verdict on Vestrado

Vestrado seeks to carve a niche in forex trading. Its diverse account types and attractive trading conditions entice traders, but regulatory ambiguity annoys them. 

As traders navigate through the platform’s features, it’s crucial to critically evaluate the claims. While Vestrado may offer a compelling trading environment, due diligence, and comprehensive research remain the cornerstones of trading success. Please avoid brokers with suspicious regulatory licenses like Unicorn FX.

If you need help choosing the right broker that fits your trading style and choices, contact us today! Our experienced team can provide you with sound advice and help you make the appropriate decision for your trading needs. We are committed to helping you select a broker with the finest services, tools, and features available. Get in touch with us today and take the first step towards successful trading.

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