Vestrado is a forex broker that claims to offer a large variety of options to trade currency pairs, indices, and commodities. They also claim that they are an ECN/STP service provider that provides direct access to the market with high leverage. There is, however, much concern about the legitimacy of Vestrado and its operational situation.
Website – https://vestrado.com/
Website Working – Yes
Address – First Floor, SVG Teachers Co-operative Credit Union Limited, Uptown Building, Corner of James and Middle Street, Kingstown, St. Vincent and the Grenadines
Regulated – No
Blacklisted By Any Regulatory – Securities Commission (Malaysia)
Domain Blacklisted – It seems there is no direct mention of this domain being on a blacklist.
Broker Overview and Account Types
Founded in 2020, Vestrado is registered in Saint Vincent and the Grenadines and has claimed to offer 4 different trading accounts: Frux STP, Frux Cent (coming soon), Fides Cashback, and Respectus ECN. The company offers leverage as high as 1:2000 and uses the popular forex brokers platform MT4, which is widely used in the forex industry. The broker promotes low barriers to entry, with a minimum deposit of just $10.While the number of accounts may make the company appealing to traders of all types of experience levels, the high-leverage environment combined with little regulatory scrutiny can be devastatingly risky for inexperienced users.
Ambiguity about Regulation, Investor Notices
One of the main issues is Vestrado’s regulatory status. Aside from being registered in Saint Vincent and the Grenadines, it has no license issued by any known financial authority. It gets much worse, though. The Securities Commission of Malaysia has issued a formal notice about Vestrado operating with explicit regulatory authorization. This warning indicates the broker may be targeting traders in jurisdictions where they do not have any legal standing, which is a significant red flag in the world of financial trading. Without regulation, there will be no separate body watching over the broker’s behavior or protecting the trader’s funds.
Vestrado has an unclear website
Vestrado’s official site (vestrado.com) has limited information to tell you about payment options, legal documents, or educational content. Other than a contact form, I could not find anybody to clearly say how to contact customer support. The vague nature of the website makes traders very uncertain about the security and reliability of their money if they invest with Vestrado.
There are also lots of reports from traders stating they have had issues with getting at their money or getting their withdrawal requests approved. The combination of long wait times, deficient support, and light accountability, it has a strong appearance that Vestrado has been engaging in some scammy behavior.
Final Verdict
Vestrado claims to be a modern forex broker that has easy account types and advanced trading conditions. Unfortunately, without regulation, little transparency and with a warning from a respected, financial authority it is very hard to trust them.
We would advise that traders avoid unregulated brokers and go with trading platforms that are regulated by trusted financial regulators like the FCA, ASIC or CySEC. You should always consider capital preservation over features or accessibility.
Frequently Asked Questions
Q1: Is Vestrado regulated?
A: No. Vestrado is not regulated under any reputable financial authority. There has also been a warning given by the Securities Commission of Malaysia.
Q2: Can I trust Vestrado with my money?
A: Trusting Vestrado with your money is very risky due to unregulated status and an abundance of complaints from users about problems with withdrawing funds.
Q3: Does Vestrado provide reliable customer support?
A: No. The broker says that it provides 24/7 customer support but only provides a contact page and does not provide a method to contact them through live contact channels.
Scammed by Vestrado? Don’t Wait—Take the First Step Toward Recovery
If Vestrado has delayed your withdrawals, locked your account, or raised other red flags, you’re not alone. Countless traders have reported similar issues. Time is critical-acting fast improves your chances of recovering lost funds. At LegalCertifi, our recovery specialists are here to investigate your case and help you explore all possible options to reclaim what’s yours. Let’s take action together. Reach out to us for a free consultation and share your case safely and privately.
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