VastWealth Review

VastWealth is an unregulated broker based in Kingstown, St. Vincent and the Grenadines. They offer a fantastic selection of over 400+ trading instruments with very competitive trading conditions, including reasonable spreads and minimal trading fees. You can easily access the markets via user-friendly platforms with a relatively high minimum deposit fee of $ 5,000. Alternatively, they provide free demo accounts to practice your trading skills before committing financially. You will find plenty of tools for assisting with your market analysis so you can pinpoint trading opportunities and make informed decisions.

I like how they are an experienced broker with a dedicated premium relationship management team to help guide you. If you are a trader and want to trade in a professional environment across all your devices, I think they are worth consideration.

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Summary

VastWealth is an online brokerage where you can open an account to trade shares, indices, forex, commodities, and more. They are the trading arm of Vallencio LLC, company number 1567 LLC, an established financial investment firm. Vallencio LLC launched VastWealth in 2022 as VastWealth to satisfy the demand for a fast, professional, and easy-to-use online spreads trading platform. With a quick registration process and friendly website, VastWealth will soon become a prominent financial trading player: VastWealth, a powerful, advanced trading platform with a fresh new feel.

The broker offers an impressive selection of more than 400 financial instruments for online trading via its cutting-edge trading platforms. I found the spreads to be excellent, and trades executed swiftly. Many powerful trading tools on its proprietary platform are available to analyze the markets and manage your trade positions.

Funds

Client funds are kept in segregated bank accounts held with the top-rated banks. This helps ensure they are not used for other purposes, such as business running costs.

‘Know Your Customer’ (KYC) verification is done on every client. This procedure entails uploading a ‘government-issued ID card’ and a utility bill.’ This is a regulatory requirement, and it is essential to identify every client to ensure that illegal acts like money laundering, financing terrorism, etc., are not carried out on the pretext of forex or CFD trading.

Countries

VastWealth only accepts clients who are residents of the United States, Belgium, Korea, Singapore, or any particular country where its services will be contrary to the local law or regulations. If you find that they do not serve your country for whatever reason, please feel free to take a look at our broker reviews for some alternative options.

VastWealth.io Trading Platforms

You can enjoy a seamless trading experience wherever you are with a powerful and advanced trading platform from VastWealth. You can get the full functionality with all the bells and whistles using the desktop platform or download the VastWealth mobile platform and trade market moves as they happen from the palm of your hands. I find the desktop platform ideal for conducting detailed chart analysis, but I like the convenience of the trading app for keeping track of my account and the latest market news whenever I feel like it. Either way, the platforms are very user-friendly and provide everything you need for trading online without any hassle.

VastWealth Platform

This is the proprietary trading platform from VastWealth. This intuitive platform is web-based, making it convenient as it requires no downloads or installations. It is versatile because it runs across all operating systems and uses valuable market analysis and trading tools. You can analyze markets using indicators and drawing tools across chart types. You can create watchlists and set price alerts to keep track of the markets you follow and trade. It is flexible, as you can customize and save up to 10 unique workspaces with the chart views and time frames you need when you need them. The intuitive trade tickets simplify setting up and understanding your Stop and Limit levels for necessary risk management.

Tools

The VastWealth platforms come fully loaded with more tools than most of you will ever need. With the abundance of built-in indicators and other useful tools, it is nice to see that VastWealth has a few more to improve your trading possibilities.

Markets

There is an excellent selection of more than 400 trading instruments for you to choose from. There should be enough to build a diverse portfolio for anyone, regardless of your interests.

Forex Trading

Trade forex with 45+ majors, minors, and exotics with spreads as low as 0.6 pips. FX is traded in pairs, where one will rise (or fall) in value against the other.

Indices Trading

Invest in the world’s most extensive indices. An index measures the performance of a group of companies, typically weighted by market capitalization.

Shares Trading

Explore 10s of European and US shares CFDs. Shares CFDs give traders a way to speculate on publicly listed companies’ value without physically owning stocks.

Commodities Trading

Choose from and trade a wide range of soft and hard commodities ranging from traditional markets like gold and oil to wheat, cotton, and even orange juice.

Accounts

I found the broker to provide transparent and fair spreads across all markets. They only offer three main account types based on the investment amount. You can choose between the different accounts buy simply investing an additional amount. Inactivity fees are charged from accounts that have been dormant for six months and above. The cost is charged monthly until the fund is depleted or the client begins trading again. They don’t provide spreads from 0.0 pips, so it might not be ideal for those planning to use scalping systems.

Demo Account

Demo accounts are offered. This can be a great way to try them out and see which is best for your trading style. It is also a good opportunity for beginners to practice trading and build confidence without the risk.

Support

The VastWealth customer service team works during office hours CET time from 8:30 am to 9:00 Mondays to Fridays. The unit can be reached on various phone numbers and emails. On social media, the broker is on Facebook and Twitter. They could improve by adding live chat support, as I often find this to be the quickest way to speak with someone. Alternatively, you can explore the most frequently asked questions, from setting up your account to getting more out of the platforms and tools.

Funding

This is an aspect of the broker I was also impressed by. They have a good variety of quick and easy account funding options for you to choose from. This includes digital wallets, which are most convenient for moving funds between my trading accounts.  Withdrawal requests received before 2 p.m. are attempted to be processed on the same working day. Just keep in mind that they do not accept third-party deposits. All deposits must emanate from the same name on the trading account.

Bank Transfer

The funds take 3-7 days to reach VastWealth bank accounts.

Credit/Debit Cards

Deposits made by cards are processed instantly. But, card withdrawals can take up to 7 days depending on the client’s location and the card processors.

Online Payments

Deposits are processed instantly, while withdrawals take up to 24 hours.

Cryptocurrency

Payment is processed within 2 hours.

Conclusion

VastWealth is an online broker that offers Hundreds of tradable assets to its clients via its flexible and sophisticated trading platform. The Brand abide by the regulatory rules, which include account segregation, digital security, and client verification without actually being regulated.

The broker’s platforms’ wide array of tradable assets is impressive at over 400. It is an outstanding platform with essential trader tools for conducting comprehensive market analysis. Their trading platform is very popular and widely accepted by professional traders across the globe. You can seamlessly access your account and trade between all of your devices.

However, the broker is lagging in the market news and analysis area compared to other top-rated brokers. There is limited expert analysis, daily insights and trading ideas. Trading accounts are limited, with no mini/micro accounts for testing the real trading conditions, but free demo accounts are available. I didn’t find the spreads the lowest, but it is worth considering that trades have no commission fee. There is also an inactivity fee to be aware of, and funding without any expenses is limited.

Overall, they can be a good choice of broker for anyone looking for easy market access with decent trading conditions and excellent customer support.

Forex Risk Disclaimer

a very high degree of risk is involved in trading securities. Concerning margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that these products’ methods, techniques, or indicators will be profitable or will not result in losses.