A General Understanding Of Vestrado
Vestrado Is A Relatively New Forex Broker, Founded In 2020 And Headquartered In Saint Vincent And The Grenadines. The Company Provides Online Forex Trading Services To Retail Clients Worldwide. Vestrado Is An Ecn/stp Broker, Which Means That It Offers Clients Access To The Interbank Forex Market Without Any Intervention From The Trading Desk. The Broker Offers A Wide Range Of Trading Instruments, Including Currency Pairs, Commodities And Indices, And Allows Clients To Trade Using The MetaTrader 4 Trading Platform, Providing Maximum Trading Leverage Of Up To 1:2000.
Vestrado Offers Four Different Types Of Trading Accounts, Including Frux Standard Account Stp, Frux Cent Account (coming Soon), Fides Cashback Account, Respectus Ecn Account, All With Minimum Deposits Starting From $10. In Addition, No Swap Transaction Accounts Are Also Available For All Four Types Of Trading Accounts.
Vestrado Says It Can Be Reached By 7/24 To Its Customer Support, And Also To Some Social Media Platforms Such As Facebook, Twitter, Instagram And Youtube.
Is Vestrado Legit Or A Scam?
Vestrado Is Registered In Saint Vincent And The Grenadines With Registration Number 25911 Bc 2020. However, Vestrado Is Currently Not Regulated By Any Of The Prominent Financial Institution Groups, Which May Cause Some Potential Clients To Feel Uneasy About The Lack Of Regulation And The Latent Risks Involved In Trading With An Unregulated Broker.
Pros And Cons
Vestrado Offers A Wide Range Of Trading Instruments Including Forex, Metals, Energy And Indices And Offers Four Different Types Of Trading Accounts With Relatively Low Minimum Deposits. However, Vestrado Is Not Regulated By Any Reputed Financial Institution Group And Its Customer Support Is Limited To Emails And Contact Forms On Its Website.
Market Instruments
Vestrado Offers A Wide Range Of Financial Instruments To Trade, Including Forex, Metals, Stocks, Cryptocurrencies And Indices. The Broker's Diverse Selection Of Financial Products Offers Traders A Wealth Of Opportunities To Diversify Their Portfolios And Minimize Risk. In Addition, The Forex Market Is One Of The Largest And Most Liquid In The World, Offering Traders Ample Opportunities To Profit. The Availability Of Other Instruments, Such As Metals, Stocks, Cryptocurrencies And Indices, Allows Traders To Hedge Against Currency Fluctuations And Take Advantage Of Movements In These Underlying Assets. However, It Is Important To Note That Each Financial Instrument Has Its Own Unique Risks And Rewards, And Traders Should Carefully Consider Their Investment Objectives And Risk Tolerance Before Making Any Trades.
Account Types
Vestrado Offers Four Types Of Trading Accounts: Frux Standard Account Stp, Frux Frucent Account (coming Soon), Fides Cashback Account, Respectus Ecn.
Frux Standard Account STP Is A Traditional Trading Account With Variable Spreads And No Commissions. The Minimum Deposit Is $10 And Traders Can Use Up To 1:2000 Leverage.
The Frux CENT Account Is Also A Traditional Account With Similar Features To The Frux Standard Account STP, But Designed For Smaller Trades. Traders Can Get Up To 1:1000 Leverage On Their Trades.
The Fides Cashback Account Is A Unique Account That Offers Cashback Rewards Based On Volume. The Minimum Deposit To Open This Account Is $10 And Clients Can Get Up To 1:1000 Maximum Leverage On Their Trades.
The ECN Account Is A More Advanced Account Type With Lower Spreads And Commissions. The Minimum Deposit For A Respectus ECN Account Is $10. Traders Can Also Use Leverage Up To 1:2000.
Leverage
Vestrado Offers Leverage Ranging From 1:1000 To 1:2000, Depending On The Type Of Trading Account Selected. While High Leverage Can Amplify Profits, It Can Also Increase The Risk Of Significant Losses, Especially In Volatile Markets. Therefore, Traders Should Carefully Consider Their Risk Tolerance And Trading Strategy Before Using High Leverage.
It Is Also Worth Mentioning That Vestrado's Leverage Options Are Higher Than Those Offered By Many Other Brokers, Which May Be Attractive To Traders Who Prefer High Leverage Trading. However, It Is Important To Remember That Higher Leverage Is Not Always Better And Traders Should Evaluate Their Risk Tolerance And Trading Style Before Choosing A Leverage Level.
Spreads And Commissions (Trading Fees)
With Regard To Spreads, Spreads Vary By Account Type. Vestrado Claims To Offer Low Spreads And Commissions On Their Trading Accounts. The Exact Fees Charged By Brokers Depend On The Type Of Account The Trader Chooses. Cent, Standard And Fides Cashback Accounts Offer A Zero Commission Trading Environment With Spreads Of 1.5 Pips And 0.8 Pips Respectively. Respectus Ecn Offers Spreads From 0.0 Pips With A Commission Of $6 Per Lot.
Non-Transaction Fees
In Addition To Transaction Fees, Vestrado Also Charges Non-transaction Fees. These Fees Include Idle Fees, Withdrawal Fees, And Deposit Fees. If You Do Not Trade For A 60-day Period Or More, Vestrado Charges An Idle Fee Of $15 Per Month. Withdrawal Fees Vary Depending On The Withdrawal Method You Choose And Range From $5 To $30. Deposit Fees Also Vary Depending On The Method Used, But Vestrado Does Not Charge Fees For Deposits Made Via Bank Transfer. It Is Important To Note That These Fees Are Subject To Change And You Should Always Check With Your Broker For The Latest Information.
Trading Platform
Vestrado Offers The Popular Meta Trader 4 (MT4) Trading Platform, Which Is Widely Used In The Industry Due To Its User-friendly Interface, Advanced Charting Tools, And Customizable Functions. Mt4 Allows Traders To Execute Trades Quickly And Easily, And Is Available In Desktop, Mobile, And Web Versions. In Addition, Vestrado Offers The Mt4 Multi-end Point Platform, Which Allows Traders To Manage Multiple Accounts Simultaneously.
It Is Worth Mentioning That Vestrado Does Not Offer The Updated MetaTrader 5 (MT5) Platform, And Some Traders May Prefer Its Additional Features And Functionality. However, MT4 Remains A Reliable And Widely Used Platform In The Industry.
Deposit And Withdrawal
Vestrado Offers Multiple Payment Methods For Deposit And Withdrawal Transactions. These Methods Include Local Transfers, Telegraphic Transfers, Credit Cards, Usdt, E-wallets, Virtual Bank Accounts, Cryptocurrencies And Local Depositors. With Such A Wide Range Of Options, Traders Can Choose The Payment Method That Best Suits Their Needs And Preferences. The Minimum Deposit Amount Is $10, Suitable For All Levels Of Traders, While The Maximum Deposit Amount Is $10,000, Providing Enough Flexibility For Larger Transactions.
Withdrawals Can Be Made Via Local Transfers, Telegraphic Transfers, Credit Cards, USDT, E-wallets, Virtual Bank Accounts, Cryptocurrencies. The Minimum Withdrawal Amount Is $100 And The Maximum Withdrawal Amount Is $100.
Customer Support
Customers Can Contact The Broker's Support Team Via Email, Phone And Live Chat. Live Chat Is Available On The Broker's Website And Is Available 24/7. Merchants Can Also Contact Vestrado's Client Server Team Via Social Media Platforms Such As Facebook And Twitter. In Addition, The Broker Offers A Basic FAQ Section On Its Website That Covers Some Common Questions That Traders May Have. Please Feel Free To Contact Customer Support, If Necessary, Please Send An Email To Support @Vestrado.com Within Reasonable.
