Score
VerticaFX
United Kingdom|2-5 years| https://www.verticafx.net/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
+1 7163064778
Other ways of contact
Broker Information
More
VerticaFX Ltd
VerticaFX
United Kingdom
Pyramid scheme complaint
Expose
Check whenever you want
Download App for complete information
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $ 50 |
| Minimum Spread | From 2 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | $ 50 |
| Minimum Spread | From 1.8 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | $ 1000 |
| Minimum Spread | From 0.2 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | 8$/LOT |
| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | $ 200 |
| Minimum Spread | From 1.4 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | $ 10 |
| Minimum Spread | From 2 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
Users who viewed VerticaFX also viewed..
XM
Vantage
HFM
FBS
VerticaFX · Company Summary
| VerticaFX | Basic Information |
| Company Name | VerticaFX |
| Founded | 2019 |
| Headquarters | United Kingdom |
| Regulations | Not regulated |
| Tradable Assets | Forex, metals, oil, indices, crypto, shares |
| Account Types | Standard, Standard Plus, Pro, 50% Bonus Share P&L, Trade & Win |
| Minimum Deposit | $10 (Standard), $200 (Standard Plus), $1000 (Pro), $50 (50% Bonus Share P&L), $50 (Trade & Win) |
| Maximum Leverage | Varies depending on account type |
| Spreads | From 0.2 pips |
| Commission | $8 per lot (Pro) |
| Deposit Methods | Varies by region (e.g., Vodafone Cash, Algérie Poste CCP, Wafa Cash, online banking) |
| Trading Platforms | MT5, MT5 MultiTerminal, MetaFX, Mobile iOS, Mobile Android, Desktop Terminal |
| Customer Support | Phone: +17163064778, Email: support@verticafx.net, Social Media: Facebook, Linkedin, Telegram |
| Trading Tools | Economic Calendar |
| Bonus Offerings | 50% Bonus Share P&L, Trade & Win |
Overview of VerticaFX
VerticaFX, established in 2019 and headquartered in the United Kingdom, is a relatively new entrant in the online trading industry. Operating without regulation, VerticaFX offers a range of trading services across various asset classes, catering to the diverse needs of traders worldwide. The platform provides access to popular trading platforms like MT5, aiming to deliver a functional and user-friendly trading experience.
One notable aspect of VerticaFX is its offering of a diverse array of trading instruments, including forex, metals, oil, indices, cryptocurrencies, and shares. This broad selection allows traders to potentially build diversified portfolios and explore opportunities across different markets. Additionally, VerticaFX provides multiple account types with varying minimum deposits, ensuring accessibility to traders with different levels of experience.
However, the lack of regulation may be a concern for some traders, as it raises questions about safety and oversight. Despite this potential drawback, VerticaFX seeks to compensate by offering transparent fee structures, bonus incentives, and a focus on customer support. Overall, VerticaFX presents itself as an option for traders looking for a platform to engage in online trading across various asset classes, albeit with considerations regarding regulation and safety.
Is VerticaFX Legit？
VerticaFX is not regulated. It is important to note that this broker does not have any valid regulation, which means it operates without oversight from recognized financial regulatory authorities. Traders should exercise caution and be aware of the associated risks when considering trading with an unregulated broker like VerticaFX, as there may be limited avenues for dispute resolution, potential safety and security concerns regarding funds, and a lack of transparency in the broker's business practices. It is advisable for traders to thoroughly research and consider the regulatory status of a broker before engaging in trading activities to ensure a safer and more secure trading experience.
Pros and Cons
VerticaFX presents a mixed bag of attributes for potential traders to consider. On the positive side, the platform offers a diverse range of trading instruments, including forex, metals, oil, indices, cryptocurrencies, and shares, allowing traders to explore various markets. Additionally, VerticaFX provides multiple account types with varying minimum deposits, catering to traders with different levels of experience. However, the lack of regulation may raise concerns about the safety and oversight of the platform, potentially impacting the trustworthiness of the broker. Traders should weigh these factors carefully when considering VerticaFX as their trading platform of choice.
| Pros | Cons |
|
|
|
|
|
|
Trading Instruments
VerticaFX offers a diverse range of trading instruments to cater to the preferences and strategies of its clientele. In the realm of forex trading, VerticaFX provides access to major, minor, and exotic currency pairs, allowing traders to participate in the vast $5 trillion forex market that operates 24 hours a day, five days a week. Additionally, traders can spice up their portfolios by trading gold and silver, considered as potential safe haven assets during times of financial uncertainty. Trading spot metals with VerticaFX offers an opportunity to diversify investment portfolios and capitalize on the dynamic nature of the precious metals market.
For those interested in commodities, VerticaFX enables trading in WTI and Brent oil, providing a chance to participate in one of the most dynamic markets globally. Oil, a crucial commodity used in various industries, offers traders a unique avenue to diversify their portfolios. Furthermore, VerticaFX facilitates indices trading, granting access to major indices like the U.S. Wall Street 30 and UK 100, among others. Traders can choose from a variety of U.S., European, Asian, and Australian indices, offering opportunities to capitalize on global market movements.
Moreover, VerticaFX allows traders to venture into the burgeoning cryptocurrency market. With VerticaFX, traders can trade popular cryptocurrencies with the confidence of trading with a regulated and trusted broker. Additionally, the platform provides access to a wide selection of top US and EU Share CFDs, allowing traders to broaden their portfolios and access up-to-the-minute information and analysis on stocks. Overall, VerticaFX offers a comprehensive suite of trading instruments, catering to the diverse needs and preferences of traders across various markets.
Here is a comparison table of trading instruments offered by different brokers:
| Broker | Forex | Metals | Crypto | CFD | Indexes | Stocks | ETFs |
| VerticaFX | Yes | Yes | Yes | No | Yes | No | No |
| AMarkets | Yes | Yes | No | Yes | Yes | Yes | No |
| Tickmill | Yes | Yes | Yes | Yes | Yes | Yes | No |
| EXNESS Group | Yes | Yes | Yes | Yes | Yes | Yes | No |
Account Types
VerticaFX offers a variety of account types to cater to the diverse needs and preferences of traders. The STANDARD account is designed for beginners or those looking to start trading with a minimal deposit of $10. It provides traders with the flexibility to adjust leverage, starting from 1:1, and offers spreads starting from 2 pips with no commission charges. Additionally, this account type does not involve swaps, making it suitable for traders looking to avoid overnight fees. The STANDARD PLUS account requires a minimum deposit of $200 and offers tighter spreads starting from 1.4 pips, with no commission charges and no swaps. Like the STANDARD account, traders can adjust leverage according to their trading strategy.
For more experienced traders, VerticaFX offers the PRO account, requiring a minimum deposit of $1000. This account type provides traders with access to even tighter spreads starting from 0.2 pips, albeit with a commission of $8 per lot traded. Swaps are applicable to this account type. Traders have the flexibility to adjust leverage based on their risk appetite and trading style.
Additionally, VerticaFX introduces specialized account types such as the 50% Bonus Share P&L account, which requires a minimum deposit of $50, and the TRADE & WIN account with a similar minimum deposit requirement. These accounts offer specific features and bonuses, providing traders with unique opportunities to enhance their trading experience. All account types are accessible via the MT5 trading platform, ensuring a seamless and user-friendly trading environment for traders of all levels.d tools to support traders in executing their trading strategies effectively.
How to Open an Account？
To open an account with VerticaFX, follow these steps.
Visit the VerticaFX website. Look for the “Sign up” button on the homepage and click on it.
2. Sign up on websites registration page.
3. eceive your personal account login from an automated email
4. Log in
5. Proceed to deposit funds to your account
6. Download the platform and start trading
Spreads and Commissions
VerticaFX provides spreads and commissions as part of its trading offerings. Spreads represent the disparity between buying and selling prices in trading instruments, and VerticaFX maintains relatively narrow spreads across its various account types. Traders can execute trades with spreads starting from as low as 0.2 pips for certain account types, aiding in cost minimization during trading activities. These spreads are designed to assist traders in maximizing potential profits across multiple financial markets, including forex, commodities, indices, and cryptocurrencies.
Apart from spreads, VerticaFX applies commission fees to certain account types or trading scenarios. These fees are transparent and typically calculated based on per-lot trading or fixed amounts per trade. For instance, traders operating a PRO account might encounter a commission fee of $8 per lot traded, while other account types may have differing commission structures.
Deposit & Withdraw Methods
VerticaFX offers a variety of deposit and withdrawal methods to accommodate traders from different regions. For traders based in Egypt, supported channels include Vodafone Cash, Etisalat Cash, Orange Cash, and We Cash, along with banking options such as CIB, AAIB, and Banque Du Caire. In Algeria, traders can utilize Algérie Poste CCP, BaridiMob, and CardLess for transactions, while in Morocco, options include Wafa Cash, Cash Plus, and Bank Transfer through banks like ATTIJARI WAFA BANK, BARID BANK, and BMCE BANK. Tunisia and Libya have a minimum deposit and withdrawal requirement of $10, while Syria operates with a minimum of 3,000 SYP and a maximum of 12,000,000 SYP, facilitated through Banque Bemo Saudi Fransi. Yemen-based traders can opt for payment channels such as Almetyaz, Alkuraimi, and Annajm, with a minimum deposit and withdrawal of 250 YER and a maximum of 2,500,000 YER. Each region has specific contact persons and email addresses for assistance with transactions, ensuring smooth deposit and withdrawal processes tailored to local requirements.
Here is a comparison table of minimum deposit required by different brokers:
| Broker | VerticaFX | Exnova | Tickmill | GO Markets |
| Minimum Deposit | $10 | $10 | $100 | $200 USD |
Trading Platforms
VerticaFX provides traders with access to robust and versatile trading platforms to enhance their trading experience. For traders seeking advanced functionality and comprehensive features, the MetaTrader 5 (MT5) platform is available, recognized as one of the most popular forex trading platforms globally. With MT5, traders can execute trades seamlessly, access a wide range of trading instruments, utilize advanced charting tools, and implement automated trading strategies through Expert Advisors (EAs).
Money managers can benefit from MT5 MultiTerminal, which offers a convenient solution for managing multiple accounts simultaneously. This platform allows money managers to efficiently execute trades, monitor account activity, and implement trading strategies across multiple accounts from a single interface. Additionally, MetaFX provides a tailored platform for money managers to address their specific needs and requirements, ensuring efficient account management and performance tracking.
For traders who prefer trading on the go, VerticaFX offers mobile trading platforms for both iOS and Android devices. These mobile apps provide traders with flexibility and convenience, allowing them to access their trading accounts anytime, anywhere. With intuitive interfaces and essential trading functionalities, the mobile apps enable traders to stay connected to the markets and manage their trades with ease, ensuring a seamless trading experience on mobile devices.
For traders using Mac computers, VerticaFX offers a desktop terminal specifically designed for Mac users. This desktop application provides Mac users with access to the full suite of trading tools and features available on other platforms, ensuring a consistent and reliable trading experience across different devices. With the desktop terminal, Mac users can trade with confidence, knowing they have access to a powerful and reliable trading platform tailored to their operating system.
Customer Support
VerticaFX prioritizes customer support to ensure traders receive timely assistance and guidance whenever needed. Traders can reach out to the support team via multiple channels, including phone and email. For inquiries, assistance, or any issues encountered during trading, traders can contact the support team directly by phone at +17163064778 or via email at support@verticafx.net. The support team is readily available to address any concerns or queries, providing prompt and personalized assistance to enhance the overall trading experience.
In addition to traditional communication channels, VerticaFX maintains an active presence on social media platforms such as Facebook, LinkedIn, and Telegram. Through these channels, traders can stay updated on the latest news, announcements, and educational content provided by VerticaFX. Social media platforms also serve as interactive spaces where traders can engage with the VerticaFX community, share insights, and participate in discussions related to trading strategies, market trends, and more. By leveraging social media, VerticaFX fosters transparency, accessibility, and engagement, ensuring traders have access to valuable resources and support beyond traditional communication channels.
Overall, VerticaFX is committed to delivering exceptional customer support services, offering multiple avenues for traders to connect with the support team and access assistance whenever needed. Whether through phone, email, or social media platforms, traders can expect responsive and reliable support from the VerticaFX team, ensuring a seamless and satisfactory trading experience.
Trading Tools
VerticaFX offers an Economic Calendar tool to its traders, providing them with valuable insights into key economic events and announcements that can impact financial markets. The Economic Calendar is a comprehensive resource that displays scheduled economic indicators, such as interest rate decisions, GDP releases, employment reports, and inflation data, along with their expected and actual values. Traders can utilize this tool to stay informed about upcoming events that may influence market sentiment and asset prices, allowing them to adjust their trading strategies accordingly.
By monitoring the Economic Calendar, traders can anticipate potential market volatility and plan their trades around significant economic releases. For example, a central bank's interest rate decision can have a profound impact on currency pairs, so traders may adjust their positions or implement risk management measures ahead of such announcements. Likewise, economic data releases like non-farm payroll figures or consumer price index (CPI) reports can affect the direction of stock indices or commodities, prompting traders to take advantage of potential price movements.
Bonus
VerticaFX provides traders with bonus offerings to enhance their trading experience and potentially boost their trading capital. Traders can take advantage of various bonus programs and promotions designed to incentivize trading activity and reward loyalty. One of the notable bonus offerings is the 50% Bonus Share P&L, which allows traders to receive a bonus equivalent to 50% of their share of profits and losses generated from trading activities. This bonus program provides traders with additional funds to expand their trading opportunities and increase their potential returns.
Additionally, VerticaFX offers the Trade & Win bonus program, where traders have the chance to earn bonuses by actively participating in trading competitions or meeting specific trading volume targets. Through this program, traders can compete with fellow traders and earn rewards based on their trading performance and achievements. By participating in trading competitions or meeting trading volume requirements, traders can earn bonuses that can be used to further enhance their trading activities or withdrawn as additional profits.
Conclusion
In conclusion, VerticaFX offers a range of trading instruments and account types through user-friendly platforms, competitive spreads, and various bonus offerings. However, traders should be aware of its lack of regulation, which may raise concerns regarding transparency and oversight. Additionally, while the platform provides several deposit and withdrawal options, they may be limited compared to other brokers. Overall, VerticaFX presents opportunities for traders but requires careful consideration of its regulatory status and available features before engaging in trading activities.
FAQs
Q: Is VerticaFX regulated？
A: No, VerticaFX is not regulated, which may raise concerns regarding transparency and oversight.
Q: What trading platforms does VerticaFX offer？
A: VerticaFX provides access to trading platforms such as MT5, MT5 MultiTerminal, MetaFX, as well as mobile and desktop terminals.
Q: What deposit and withdrawal options does VerticaFX offer？
A: VerticaFX provides several deposit and withdrawal options, although they may be limited compared to other brokers.
Q: What should traders consider before engaging in trading activities with VerticaFX？
A: Traders should carefully consider VerticaFX's lack of regulation, available features, and deposit/withdrawal options before engaging in trading activities.
Q: Does VerticaFX offer bonus programs？
A: Yes, VerticaFX provides various bonus programs and promotions, such as the 50% Bonus Share P&L and the Trade & Win program, to incentivize trading activity and reward loyalty.
Review 7
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now