WikiFX Review: Is Vestrado a reliable broker?

About Vestrado

Vestrado is a forex brokerage registered in Saint Vincent and the Grenadines. Saint Vincent and the Grenadines is an attractive place for financial companies to operate through an offshore company. there is no sharp regulation or overseeing of the company operation implemented. The SVG broker can run its activity and accept forex payments through credit cards but is not overseen. In addition, this broker has been given a low rating of 1.29/10 by WikiFX.

Financial Instruments

Vestrado offers the broadest range of CFD asset classes with Forex, CryptoCurrencies, Metals, Oils, Commodities, Indices, and Shares and creates opportunities to hedge risks and maximize profits. Vestrado also opens up new market segments to provide the most professional trading environment for everyone.

Leverage

Vestrado offers traders to leverage up to 1:2000. It is considered very high. Please note that high leverage can amplify benefits as well as losses. Newbies and inexperienced traders are not advised to use such high leverage.

Trading Platform

This broker uses MT4 as its main trading platform.

Account Types

Vestrado offers 3 Account types with multiple trading conditions who has been designed to fulfill the demand for all types of trader. They are Frux Account, Fides Account, Respectus Account. Besides, Vestrado plans to offer a new type of account named Frux Account CENT.

Restricted Area

Vestrado Ltd is unable to service clients under certain jurisdictions from the following countries:

Japan, Afghanistan, Australia, Albania, Belarus, Canada, Central African Republic, China, Egypt , Iran, Iraq, Lebanon, Libya, Japan, Myanmar, North Korea, Russia, Spain, Sudan, Syria, Tunisia, Ukraine, United States of America, United States Virgin Islands, Venezuela, and some other regions.

Regulation: Is Vestrado legit？

Vestrado is not a regulated broker. An unregulated broker is more likely to take your money away fraudulently.

Customer Service

It seems that Vestrado only allows traders to contact them by filling out the form that is offered on the website. there is no phone number or email address that can be used to get in touch with Vestrado. Traders need to deal with this broker with care.

Conclusion

Vestrado is clearly not a prestigious broker that can make your account safe. We advise you to check the details of this broker before making a decision. The more you understand the broker, the less chance you get scammed. If you want to know information about the reliability of certain brokers, you can open the website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find the most trusted broker for yourself. WikiFX contains details of more than 39,000 global forex brokers, which gives you a huge advantage when seeking the most suitable forex brokers.

Click on Vestrado' WikiFX page for details