vantagetrade.live is a Contract for Difference (CFD) broker website with a domain registered on May 18, 2024. The broker primarily offers investment services in markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not provide services to countries and regions where it might violate local laws or regulations.
Company Registration and Regulatory Status
According to information disclosed on vantagetrade.live's official website, this broker uses "Vantage Trade" as its trading name, with the website copyright owned by VANTAGETRADE LTD. The broker claims to be regulated by the UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).
After verification, a company named "Vantage Trades," similar to "Vantage Trade," was found on the FCA website, but it is not authorized by the FCA. Meanwhile, there was no regulated company named "Vantage Trade" found on the ASIC website.
Therefore, vantagetrade.live is, in fact, a scam broker website with neither a company entity nor any regulatory oversight.
Account Registration Process
To open a trading account on vantagetrade.live, visit the broker's website, click "Open Account" on the homepage or "SIGN UP" at the top right corner of the webpage to access the account registration page. Fill in personal information such as name and email, set a login password, and submit. After verification, the registration is complete.
Trading Instruments:
vantagetrade.live offers various trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, renowned for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading enables speculation on the performance of entire markets or specific sectors without trading individual stocks. Exploring popular indices can uncover diverse trading opportunities and leverage potential gains.
- Commodities: Commodity trading covers key global market resources, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in the price movements of public companies, earning from price changes and dividends based on company performance without actually holding the stocks.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the opportunity to profit from highly volatile assets.
Investment Plans
vantagetrade.live offers four different types of investment plans: Basic account, Classic account, Platinum account, and Forex Signal Subscription.
Basic account:
- Minimum deposit: $500
- Minimum expected profit: $4,500
- Maximum expected profit: $5,000
- Trader education*
- Risk management
- Tax-free spread trading profits
Classic account:
- Minimum deposit: $5,000
- Minimum expected profit: $45,000
- Maximum expected profit: $50,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
Platinum account:
- Minimum deposit: $10,000
- Minimum expected profit: $99,999
- Full package of benefits
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
Forex Signal Subscription:
- Professional forex signals
- Up to 10 signals per day
- 95% success rate
- Round-the-clock support
- Advanced trading tools
- Bitcoin payments only
- Use any broker
Trading Platform
vantagetrade.live claims to provide users with the MT4 trading platform, offering deep liquidity, leverage up to 1:500, and the best spreads in the industry. However, no broker named Vantage Trade was found on the MT4 trading platform.
Deposits and Withdrawals
vantagetrade.live claims on its homepage to support deposits and withdrawals via debit card, wire transfer, electronic check, or check deposits. However, its "FAQ" page states that it does not offer multiple deposit methods, including credit/debit cards and bank wire transfers, and only supports cryptocurrency deposits and withdrawals.
Conclusion:
Traderknows reminds investors that vantagetrade.live is a scam broker that entices investors with high returns to deceive them. The website has no corporate entity and no regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
