Saint Vincent and the Grenadines
|2-5 years
Suspicious Regulatory License|
Medium potential risk
https://vestrado.com/
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It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!
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https://vestrado.com/
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support@vestrado.com
Aspect | Information |
Company Name | Vestrado |
Registered Country/Region | St Vincent and Grenadines |
Regulatory Authority | Unregulated |
Cryptocurrencies Available | Bitcoin, Bitcoin Cash, Dash, Eidoo, EOS, Etherium |
Fees | Zero deposit fees |
Payment Methods | Local Transfer, Wire Transfer, Credit Card, USDT, E Wallet, Virtual Bank Account, Cryptocurrencies, Local Depositor |
Customer Support | Address: SVG Teachers Co-operative Credit Union Limited, Uptown Building, Corner of James and Middle Street, Kingstown, St. Vincent and the Grenadines |
Email: support@vestrado.com | |
Contact form | |
Social media: Facebook, Twitter, Instagram, YouTube |
Registered in St Vincent and Grenadines, Vestrado offers a diverse range of financial instruments including forex, precious metals, shares, cryptocurrencies, and indices for trading. It supports trading pairs for USD/EUR/GBP/JPY with Bitcoin, Bitcoin Cash, Dash, Eidoo, EOS, Etherium.
It caters to traders globally with competitive spreads, high leverage options, and 4 account types suited to different trading preferences.
While it provides a comprehensive platform for market participation, Vestrado operates with restrictions, unable to service clients from jurisdictions including Japan, Afghanistan, Australia, Canada, China, Iran, Russia, the United States, and others, limiting its market reach. Besides, Vestrado is not regulated by any financial authorities, which should raise your great attention before commiting actual trading with them.
Pros | Cons |
Diverse Range of Instruments | Lack of Regulation |
Competitive Spreads | Restricted Jurisdictions |
Multiple Account Types | Withdrawal Fees |
User-Friendly Platforms | |
No Deposit Fees | |
Islamic Accounts Available |
Diverse Range of Instruments: Vestrado offers a wide selection of financial instruments including forex, precious metals, shares, cryptocurrencies, and indices.
Competitive Spreads: The platform boasts competitive spreads from 0.0 pip, making it cost-effective for traders to enter and exit positions.
Multiple Account Types: 4 tiered account types cater to different trading preferences, offering features like low spreads, cashback options, and ECN (Electronic Communication Network) trading.
User-Friendly Platforms: Vestrado offers the industry leading MT4 trading platform accessible via desktop and mobile devices.
No Deposit Fees: Vestrado does not charge fees for deposits, enabling traders to fund their accounts without additional costs.
Islamic Accounts Available: Vestrado offers swap-free Islamic accounts for clients who adhere to Sharia principles.
Lack of Regulation: Vestrado operates without regulatory oversight, which raises concerns about account protection and adherence to industry standards.
Restricted Jurisdictions: The platform cannot serve clients from several jurisdictions including Japan, Afghanistan, Australia, Canada, China, Iran, Russia, the United States, and others, limiting its global reach.
Withdrawal Fees: While deposits are fee-free, withdrawal fees apply depending on the method chosen, such as wire transfers and cryptocurrencies.
Vestrado, as a current entity in the cryptocurrency space, is operating without the direct oversight of any financial regulatory bodies. This means that, while it offers the convenience and technological innovation associated with digital currency transactions, it also operates outside the traditional safety nets that come with regulated financial institutions.
As such, interested users should exercise caution and conduct thorough research about the companys credibility and security measures. While being outside the regulation might provide Vestrado with flexibility, it also places a lot of responsibility on the company itself to maintain high standards of security and integrity in managing its customers' assets. So, it is important for users to understand the framework in which Vestrado operates before using their services.
Vestrado prioritizes robust security measures to safeguard client funds for a secure trading environment.
With Negative Balance Protection in place, clients are protected from losses exceeding their account balance.
Funds are held in Segregated Accounts, ensuring they are kept separate from Vestrado's operational funds, thereby enhancing transparency and safeguarding against misappropriation.
Additionally, Vestrado maintains liquidity through Top Tier Banks and Liquidity Pools, ensuring ample funds for timely execution of trades and providing clients with confidence in the stability and reliability of their investments.
At Vestrado, clients have access to 6 cryptocurrency pairs with different fiat pairs. These include popular cryptocurrencies such as Bitcoin (BTCUSD, BTCEUR, BTCJPY, BTCGBP), Bitcoin Cash (BCHUSD), Dash (DASHUSD), Eidoo (EDOUSD), EOS (EOSUSD) and Ethereum (ETHUSD, ETHEUR).
Each cryptocurrency pair features tight spreads, ensuring competitive pricing and favorable trading conditions. With consistent margin requirements of 20% and standardized contract sizes across all instruments, Vestrado caters to both experienced and novice traders looking to capitalize on opportunities within the cryptocurrency market.
Vestrado offers a wide array of convenient payment methods for both depositing and withdrawing funds.
For deposits, clients can choose from options such as local transfers in multiple currencies (MYR, IDR, THB, SGD, VND, INR), wire transfers in USD, credit cards, USDT, e-wallets supporting USD and INR, virtual bank accounts in various currencies, and direct deposits through local depositors in USD, MYR, BND, PKR, and INR. Each method features low minimum deposit requirements at USD 10, zero fees, and quick processing times ranging from 5 to 10 minutes.
Similarly, withdrawals are facilitated through methods like local transfers in a wide range of currencies, wire transfers (fees covered by Vestrado), credit cards, USDT, e-wallets, virtual bank accounts, and cryptocurrencies (with a 1% fee). Withdrawals typically take between 1 to 24 hours for processing and require a minimum USD100.
Vestrado offers a comprehensive range of financial instruments and services.
For forex trading, Vestrado provides access to major currency pairs with competitive spreads start from 0.0 pip and high liquidity, allowing traders to execute positions swiftly and efficiently.
Precious metals like gold and silver are also available, offering stability and diversity to investment portfolios.
Additionally, Vestrado facilitates trading in shares, enabling investors to capitalize on the long-term growth potential of leading global companies.
Indices tracking stock and bond markets provide further opportunities for diversified investment strategies.
With 4 account types offering varying features like competitive spreads starting from 0.0 pip, leverage options up to 1:2000, and Islamic swap-free accounts, Vestrado tries to ensure flexibility and accessibility for traders of all levels.
Vestrado excels as an exchange for traders seeking diverse and accessible financial instruments. With a robust offering including forex, precious metals, shares, cryptocurrencies, and indices, Vestrado provides a comprehensive platform for global market participation. Its competitive spreads, high leverage options, and 4 tiered account types cater to both novice and experienced traders looking to capitalize on market opportunities efficiently.
How can I deposit funds into my Vestrado account?
You can deposit funds via methods such as local transfers, wire transfers, credit cards, e-wallets, virtual bank accounts, cryptocurrencies, and more. Each method has different currencies and processing times.
What financial instruments can I trade on Vestrado?
Vestrado offers forex, precious metals like gold and silver, shares of global companies, cryptocurrencies such as Bitcoin and Ethereum, and indices tracking stock and bond markets.
What are the minimum deposit requirements for opening an account on Vestrado?
Minimum deposit requirements vary based on the account type chosen. Standard accounts typically require USD 5 to USD 10, while more advanced accounts like ECN accounts have higher minimums up to USD50.
Is Vestrado regulated by any financial authorities?
No, Vestrado currently operates without regulatory oversight, which impacts certain clients' decision-making regarding account safety and security.
Are there fees for deposits and withdrawals on Vestrado?
Vestrado does not charge fees for deposits, but withdrawal fees apply depending on the method chosen, such as wire transfers (fees covered by Vestrado) and cryptocurrencies (1%).
Can I access Vestrado's trading platform on mobile devices?
Yes, Vestrado offers MT4 trading platform for Windows, MacOS, iOS and Android devices, allowing traders to manage their accounts and execute trades on the go.
Are there any restrictions on who can use Vestrado's services?
Yes, Vestrado cannot service clients from certain jurisdictions including 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.
Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
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