Kirjoittaja Aihe: Vestrado review (Luettu 170 kertaa)

upamfva · 02.03.23 - 08:25

Vestrado review

One thing that unlicensed brokers can do best is presentation, and Vestrado is proof of this. Not that all illegitimate brokers hit the spot – some don’t really care for presentation- but at least we get a good looking view while we tear down this broker and everything that it stands for, because its illegitimacy somewhere and somehow will motivate another group to act in the same way. The following review discusses the true nature of Vestrado, and givers it a proper adieu! Be sure to read it before you invest in it, because you will regret it in the end.To get more news about vestrado review, you can visit wikifx.com official website.

Registering was a drag and is something that we expect from legit brokers, and not from unlicensed ones. Even with access to the user area, most of its features were blocked to us because we had not verified our account- another practice more common among legit brokers.
And so we have to rely on the website to bring you, the reader, all the trading and payment information. Note that not everything we will speak of is close to the truth.

The financial instruments that are available are forex currency pairs, commodities, shares, stocks, indices, and cryptocurrencies. The leverage cap is 1:500, the typical offshore value. The typical spread for the EUR/USD pair is 0.3 pips, seeming a bit exagerrated.

Most accounts have commissions that add huge amounts of extra pips to the spreads. For example, the Standard account type has a $20 commission applied round turn to all major FX pairs. This means that the spread increases by an additional 2 pips, and this creates completely useless spreads for most assets types, not just FXs, since there are commissions applicable to other assets. So the EUR/USD 0.3 pips spread is actually 2.3 pips.
VESTRADO REGULATION AND SAFETY OF FUNDS
The registration address of the broker is in Saint Vincent and the Grenadines. We can day for sure that it matters not if Vestrado is located officially in Saint Vincent and the Grenadines or not. This country does not come with an FX regulator, and so the broker is not licensed there, no matter if it is incorporated there or not.

There is not anything else to reveal here. The broker is unlicensed because there is no relevant information. Actually, this is one of the major reasons for not investing here. The others are the suspicious and downright untrustworthy trading and payment grounds.

What is left for us to say is to recommend some legal variants, since these brokers are really worth visiting and investing in. We are of course referring to UK, EU, US, or Aussie-licensed brokers whose regulators are on top of the food chain. These overseers are objective in their scrutinous work and work solely to conserve the integrity of the market industry and the safety of traders. It’s hard work, but seeing how many decent brokers there are, we can confidently say that you can’t find any better than that. Not to mention that the FCA and CySEC have adopted compensation schemes for all their brokers meaning that all users of FCA and CySEC-license brokerages can get reimbursed in case something unexpected happens. The FCA guarantees up to £85 000, while CySEC guarantees up to €20 000 per person.
VESTRADO DEPOSIT/WITHDRAW METHODS AND FEES
The deposit section on the website tells us that users can pay through credit cards, debit cards, crypto wallets, and some online wallets. The depositing processing time ranges from 5 minutes to 7 days for bank transfers. The minimum deposit is $5.

The same payment methods used for depositing are also used for withdrawing. There are no fees for withdrawing, and the processing times are the same as the depositing ones.

Nothing of what is revealed on the website can be really trusted, for the broker is not licensed. Unregulated brokers are incredibly manipulative and will alter the content on their websites to best attract a depositing audience. It’s a trick applied by most scammer brokers, as well.
HOW DOES THE SCAM WORK
Everything starts with online ads; what else can grab your attention while you are surfing the net? They showcase luxurious lifestyles, beautiful women, shiny products, and incredible assets and properties. Clicking on these ads is step one done.

The ads lead to a broker site or an intermediary one, where users are shortly introduced to the investment scam. It does not matter where you end up; the crucial thing is that the broker will try to get your phone number or e-mail address. These are very important to the scammers because they can contact you.

The first wave of scammers’ job is to hook the user to the scheme, by means of a first investment through which it builds trust. The initial deposit will lead to the second wave of scammers

These are the expert scammers – sometimes referred to as “account managers”- and are responsible for keeping the user invested in the scheme for as long as possible. They will charm their way through a user’s wallet and will manipulate clients in a number of different, yet effective, ways.