VASTFXTRADE is a contract for difference broker, with its official website domain registered on January 16, 2020. The broker primarily offers numerous trading markets through the MT4 and MT5 trading platforms, including forex, options, digital currencies, commodities, stock indices, and more. It does not provide services to countries and regions where doing so may violate local laws or regulations.
Company Registration Information and Regulatory Status
According to public information on the official website of VASTFXTRADE (vastfxtrade.com), the broker is headquartered in Colorado, USA, and is regulated by the U.S. Commodity Futures Trading Commission (CFTC), the Belize Financial Services Commission (IFSC), and the Cyprus Securities and Exchange Commission (CySEC). In addition, the broker is also registered with the UK's Financial Conduct Authority (FCA).
Upon verification, the U.S. National Futures Association (NFA), Belize Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), and the UK's Financial Conduct Authority (FCA) have no records of an entity named VASTFXTRADE. (The registration and review of intermediaries are conducted by the NFA under the supervision of the CFTC on behalf of the CFTC.)
Therefore, VASTFXTRADE is in fact a fraudulent website without any regulatory oversight, engaged in false advertising.
Account Opening Process
To open a trading account with VASTFXTRADE, go to the homepage of the broker's official website, click "SIGNUP" to enter the account registration page. Fill in the required personal information such as your name and email address, set a login password, and submit. Once the account is verified, the registration is successful.
Trading Plans
The official website of VASTFXTRADE does not disclose the types of trading accounts offered, as well as account spreads, trading leverage, margin call/stop-out levels, trading commissions, minimum/maximum trade size, maximum position/order size, or minimum price increment.
Trading Platform
VASTFXTRADE provides users with MT4 and MT5 trading platforms.
Deposits and Withdrawals
VASTFXTRADE supports deposits and withdrawals via Vastfxtrade and bank wire transfer.
Summary
Traderknows reminds investors that VASTFXTRADE is actually an unregulated scam website. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation for their trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
