Ventezo is a foreign exchange and contract for difference (CFD) broker that was registered on September 18, 2015, in Saint Vincent and the Grenadines. It primarily offers financial trading services to investors, including forex, precious metals, indices, energy, ETFs, and stock CFDs. The broker's official website supports multiple languages, including English, Persian, Hindi, Malay, and Vietnamese. However, it does not accept clients from certain countries/regions, including the United States, Canada, North Korea, Albania, Barbados, Botswana, Burkina Faso, Cambodia, Cayman Islands, Ghana, Jamaica, Mauritius, Morocco, Nicaragua, Panama, Senegal, Syria, Uganda, Yemen, and Zimbabwe.
Company Background and Regulatory Status:
According to publicly available information on its website, Ventezo is registered with the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA) as Ventezo Limited. The company's registered address is Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent and the Grenadines, with license number 22938.
However, it's essential to note that SVGFSA does not regulate or license businesses engaged in forex trading or brokerage activities. Their regulatory scope is limited to ensuring that business companies (BCs) comply with the obligations specified in the Revised and Amended Companies Act, Chapter 149 of 2009 in Saint Vincent and the Grenadines. Therefore, the forex trading and brokerage activities conducted by this entity are unregulated.
Account Opening:
To open an account with Fusion Markets, you first need to register on their official website. During registration, you will be required to provide your personal email, phone number, and set a login password. After submitting your information, you can access your personal dashboard. Following account login, you'll need to complete steps such as email verification, phone number verification, uploading identity documents for verification, and providing proof of residence documents. Your account will be opened after successful verification.
Account Types:
Fusion Markets offers users a demo account and three different types of real trading accounts: MINI ACCOUNT, STANDARD ACCOUNT, and PREMIUM ACCOUNT. These three trading accounts use the US dollar as the base currency, feature market execution, a minimum trade size of 0.01 lots, and support hedging, expert advisors, and scalping.
MINI ACCOUNT requires a minimum deposit of $10, offers spreads starting from 2.2 pips, no trading commissions, maximum leverage of 1:1000 (1:500 for metals), contract sizes of 10,000 units of the base currency, stop-out level set at 50%, provides Islamic accounts, and supports major currency pairs, minor currency pairs, exotic currency pairs, and metals.
STANDARD ACCOUNT requires a minimum deposit of $50, offers spreads starting from 1.0 pip, no trading commissions, maximum leverage of 1:1000 (1:500 for metals), contract sizes of 100,000 units of the base currency, stop-out level set at 30%, provides Islamic accounts, and supports major currency pairs, minor currency pairs, exotic currency pairs, metals, and indices.
PREMIUM ACCOUNT requires a minimum deposit of $500, offers spreads starting from 0.0 pips, charges a trading commission of $8 per lot, provides maximum leverage of 1:500, contract sizes of 100,000 units of the base currency, stop-out level set at 30%, provides Islamic accounts, and supports major currency pairs, minor currency pairs, exotic currency pairs, metals, and indices.
Trading Platform:
Fusion Markets offers the MT4 trading platform for users, including Windows, Android, Mac, iPhone, and iPad versions.
Deposits and Withdrawals:
Fusion Markets supports various methods for deposits and withdrawals, including Visa, MasterCard, PERFECT MONEY, Fasapay, blockchain, bank wire transfers, or local bank transfers. Deposits do not incur fees. For withdrawals, bank wire transfers have a minimum fee of $35/€30, Visa and MasterCard have a fee of 0% + $4/€4, PERFECT MONEY and Fasapay have a 0.50% fee, and blockchain and local bank transfers do not have fees.
Customer Support:
Users can contact Fusion Markets via phone at +1 (484) 673-7749 and through email at support@ventezo.com.
In Summary:
Ventezo serves as a reminder to investors that the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA) only regulates activities such as banking, insurance, or mutual funds and does not regulate forex margin trading activities or issue forex licenses. Therefore, the forex trading and brokerage activities conducted by Fusion Markets fall into an unregulated category. Currently, this broker has been marked as "suspected of fraud" on Traderknows.
