Vestorchain Trade is a contract-for-difference (CFD) brokerage website registered on March 10, 2024. This broker primarily offers investment services in trading markets such as forex, commodities, indices, stocks, and digital currencies. It does not provide services in countries or regions where doing so may violate local laws or regulations.
Company Registration Information and Regulatory Status
According to the official website of Vestorchain Trade (vestorchaintrade.com), the broker is registered in the UK and is regulated by the Australian Securities and Investments Commission (ASIC). However, all clients will interact directly with Vestorchain Trade A/S, and all client agreements will be signed with Vestorchain Trade A/S, thereby falling under Danish law. The "Terms of Service" on their website indicate that the service terms are governed by and interpreted according to Dutch law, and any disputes that cannot be amicably resolved shall be submitted to the jurisdiction of Dutch courts. Beyond this, the broker does not disclose detailed company registration or regulatory information.
Verification reveals that no registration information for a company named "Vestorchain Trade" can be found on the UK Companies House, the Australian Securities and Investments Commission (ASIC), the Danish Financial Supervisory Authority (Danish FSA), or the Dutch Chamber of Commerce (KVK).
Therefore, Vestorchain Trade (vestorchaintrade.com) is actually a fraudulent brokerage website without any company entity or regulation.
Trading Products:
Vestorchain Trade offers a variety of trading products to its clients, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks. By exploring popular indices, traders can find diverse trading opportunities and leverage to enhance potential returns.
- Commodities: Commodity trading covers key resources in global markets, 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 fluctuations of publicly traded companies, earning profits from price changes and dividends based on company performance, without actually holding the stocks.
- Cryptocurrencies: Cryptocurrency trading provides digital currency enthusiasts the opportunity to profit from high-volatility assets.
Account Opening Process
To open an account with Vestorchain Trade, visit their official website, click "Open Account" at the top right corner of the page, fill in personal information such as name, phone number, email, and set a login password. After submission and verification, the account can be successfully registered.
Investment Plans
Vestorchain Trade offers five types of investment plans: Promo Plan, Bronze Plan, Silver Plan, Gold Plan, Platinum Plan.
Promo Plan:
- Minimum deposit: $100
- Maximum deposit: $4,999
- Estimated returns: 40-72%
- Duration: 14 days
Bronze Plan:
- Minimum deposit: $500
- Maximum deposit: $4,999
- Estimated returns: 40-72%
- Duration: 7 days
Silver Plan:
- Minimum deposit: $5,000
- Maximum deposit: $9,999
- Estimated returns: 40-72%
- Duration: 30 days
Gold Plan:
- Minimum deposit: $10,000
- Maximum deposit: $50,000
- Estimated returns: 40-72%
- Duration: 60 days
Platinum Plan:
- Minimum deposit: $50,000
- Maximum deposit: $100,000
- Estimated returns: 40-72%
- Duration: 60 days
Trading Platform
Vestorchain Trade claims to offer the MT5 trading platform, but information about this broker cannot be found on MT5.
Deposits and Withdrawals
The Vestorchain Trade website does not disclose the supported deposit and withdrawal methods.
Conclusion
Traderknows reminds investors that Vestorchain Trade is a fraudulent broker that lures investors with promises of high returns. This site actually has no corporate entity or regulatory oversight, and it can only be contacted through a single email address. Investors are advised to choose brokers that are transparent, well-regulated, and reputable to avoid financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
