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VesTrade

Operating status: SCAM

Website: https://vestradefx.com/#/

Broker violations and abnormal records
  • Feb 16, 2023 BrokersView has reviewed that VesTrade is an Unregulated Forex Broker

    Vestrade claims it is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 2708/07. However, we did not find any match results to the company name or the license number in CySEC.

    Besides, Vestrade shows its company address is in New York, the United States. As per United States law, US residents and citizens are only permitted to operate with CTFC- and NFA-regulated forex brokers. Firms and individuals, who need to possess the relevant regulations issued by the National Futures Association (NFA) or the Commodity Futures Trading Commission (CFTC), will be allowed to solicit or approach US citizens. However, we did not find any match results to Vestrade in the above two regulatory bodies. 

    The truth is, Vestrade is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. It is a scam.

    Vestrade claims it is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 2708/07. However, we did not find any match results to the company name or the license number in CySEC.Besides, Vestrade shows its company address is in New York, the United States. As per United States law, US residents and citizens are only permitted to operate with CTFC- and NFA-regulated forex brokers. Firms and individuals, who need to possess the relevant regulations issued by the National Futures Association (NFA) or the Commodity Futures Trading Commission (CFTC), will be allowed to solicit or approach US citizens. However, we did not find any match results to Vestrade in the above two regulatory bodies. The truth is, Vestrade is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. It is a scam.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.