VastWealth Review Forex Broker |
is VastWealth a good broker to trade with and do they offer enough to be an options
Table of Contents
ABOUT VASTWEALTH FOREX BROKER
Founded in 2022, VastWealth Forex broker is a specialist forex broker for the more high end traders that offers a wide range of trading products and solutions available on all devices. As we will discover in this forex broker review, customers can trade all the main currency and crypto pairs, as well as indices, commodities and CFDs.
VastWealth is a CFD broker that offers a large range of financial instruments across different asset classes for trading online via intuitive and user-friendly trading platforms for multiple devices. You can trade Forex and CFD instruments via an individual trading account whilst the broker also offers copy trading services for those who prefer a more hands-off approach. They deliver a convenient and innovative trading environment to help ensure a seamless trading experience, with something for everyone to trade.
The minimum deposit of $5000 is not the lowest you will find, but they do provide free demo accounts if you want to give them a try before making a financial commitment. I think they can be worth consideration for anyone who is looking for simple market access to trade manually.
VastWealth is a brokerage firm that provides a good range of trading and investing services to a global client base. They have easy to use yet powerful trading platforms for desktop, web and mobile devices. Whatever your trading experience level, the broker welcomes clients from all different backgrounds.
I like how they have very competitive trading conditions when compared to other industry leading brokers, this includes low spreads, zero commission fees, quick execution speeds, around the clock support and high leverage. They typically execute 99.9% of trades without compromising on margin requirements and trading fees, so you never miss the right opportunity.
VastWealth have hundreds of CFD trading instruments to choose from, this includes Forex, Stocks, Indices, Commodities and Cryptocurrencies.
When it comes to choosing a broker, regulation is one of the first things that I look for. I would always prefer to use a regulated broker as this gives me the peace of mind that they will operate in a fair manner. However, it is also important to remember that not all regulators are the same. Some are considered to be more stringent than others.
VastWealth is regulated by the Vincent and the Grenadines Financial Services Authority and committed to creating a secure and fair-trading environment. They have a cutting-edge platform which aims to provide the highest levels of transparency and protection with advanced technology that helps to safeguard the privacy and safety of client funds and creates a reliable trading environment that traders know they can trust. Whilst some people may not feel this is top-tier regulation, I personally wouldn’t have any problems entrusting the broker for my day trading activities.
Whilst the broker welcomes traders from all over the globe, some features and products mentioned within this VastWealth review may not be available to traders from specific countries due to legal restrictions.
VastWealth offer you the popular Trading platform provided by the technology company EasyTech. They have everything you need to access and trade the global markets with relative ease. There is a good reason they are the industry standard platforms that are used by thousands of traders all over the globe.
The VastWealth Trading Platform is well known for being user-friendly making them a popular choice for beginner traders whilst they also have plenty of advanced trading tools to satisfy the needs of the more experienced users.
There are plenty of tools available so you can analyse the charts in as much detail as you like to help you make informed trading decisions.
The platforms are free to download and available for desktop, web and mobile devices. The web platform runs directly in the web browser so that you do not need to download or install any additional software. This is great if you don’t have your own device to hand and ensures that the platform is always up to date.
The mobile app can be very useful for those of you who need to access your account, analyse the markets, place and manage trades, all whilst on the go. In terms of features and functionality, the desktop platform is the leader. It is capable of the most complex market analysis and running automated systems around the clock.
The layout is clean and easy to navigate, with everything just a few clicks away at most. You can load indicators on your charts to identify trade setups and choose from instant, pending or limit orders. If you don’t want to watch charts all day long, there is a handy alert feature that will let you know when your target price or indicator value has been reached. It doesn’t matter if you just want to follow prices for basic trading or conduct in-depth analysis across multiple chart types and timeframes, the VastWealth Trading Platforms can do it all.
Some of the key features of the VastWealth platform include:
- Create and save chart templates
- Get real time price quotes for hundreds of symbols
- Place different order types including instant, pending & limit orders
- View different chart types in multiple timeframes
- Large online community to share ideas with
- Available for desktop, web & mobile
- Free to use
Education Provided by Vastwealth.io
VastWealth show that they care about you making informed trading decisions as they offer you an abundance of educational materials to help you improve your trading skills and knowledge. All of the educational content is provided free of charge without an account. I think it is always important for a broker to provide the relevant resources for traders to be able to learn how to trade online safely.
You will find hundreds of trading instruments available to trade online with VastWealth. They have a vast number of CFDs across different asset classes. The financial markets that you can trade includes Forex, Indices, Stocks, Commodities and Cryptocurrencies.
A contract for differences (CFD) is an arrangement made in financial derivatives trading where the differences in the settlement between the open and closing trade prices are cash-settled. I like how there is no delivery of physical goods or securities with CFDs. This means you can go short (sell) or long (buy) on hundreds of contracts for difference (CFD) instruments without needing to own the underlying asset.
VastWealth Trading Accounts
I always like it when a broker has a good variety of account types to choose from. Not all traders are the same, each has their own unique goals and preferred trading style. It is therefore good to see that there are 4 main account types offered by VastWealth.
The VastWealth trade account is for those of you who want to trade Forex & CFD instruments by yourself. It provides access to all platforms and available instruments. I like how trades are executed with No Dealing Desk (NDD) intervention, so there shouldn’t be any conflict of interest between you and the broker. It also means that trades should be executed quickly at the best possible market prices with minimal slippage. This can be important especially if you are using scalping strategies or automated systems that rely need superior pricing.
Spreads are not that tight with this broker, starting from 0.6 pips. However, it is worth considering that there is no commission fee added. This means that the overall cost could work out more or less the same than if you had access to 0.0 pip spreads.
The minimum account deposit required is not the lowest at $5000 whereas there is leverage of up to 1:400 available, depending on your location and asset class being traded.
See here more details:
Trading Accounts Options
Trade numerous financial instruments with VastWealth by selecting any of our trading accounts that perfectly match your investment and trading requirements.
|Account currency||USD, EUR, GBP||USD, EUR, GBP||USD, EUR, GBP||USD, EUR, GBP|
|Spread, pips||Fixed||Fixed & Floating, Variable||Fixed & Floating, Variable||Fixed & Floating, Variable|
|Quotation (number of marks after point)||5 marks||5 marks||5 marks||5 marks|
|Margin Call Level||40%||40%||40%||40%|
|Stop Out Level||30%||30%||30%||30%|
|Trading platform||all devices||all devices||all devices||all devices|
As with most brokers, VastWealth provide free demo accounts which let you trade online using virtual funds. I like demo accounts as they can be a good way to familiarize yourself with the broker’s trading platforms and practice your trading strategies risk free. Once you have built up enough confidence and are having some success, you may then consider making the switch over to a live account.
You can contact the VastWealth customer support team view phone, email and various social media channels. They are available during normal working hours though I would’ve liked to see them offer their services 24/7 in case of emergencies. They have always been quick and helpful to respond to all of my questions.
It is good to see that VastWealth accept a nice variety of deposit and withdrawal options, including credit/debit cards, Wiretransfers and cryptos. The time taken for funds to reach the account can depend on the method used. Generally, I found them to have quick account funding without compromising on security and comfort. They do not charge additional fees directly, but, for some payment methods, the fees go directly to the third-party providers. The minimum deposit and withdrawals may depend on the particular payment method provider. At the moment, the minimum deposit is $5000 alternative payment methods and wire transfers respectively.
Conclusion for the VastWealth Review
Putting it all together, I believe VastWealth has a very competitive offering when it comes to trading Forex & CFDs online. There are sophisticated and easy to use trading platforms with hundreds of trading instruments to choose from across different financial markets. I like how there is something for everyone to trade, regardless of their experience level.
VastWealth also have reasonable spreads when you consider there is no commission fee. Trades are executed straight through to the market without interference from the broker. They offer excellent customer support is on hand to assist as and when needed. Overall, I think they can be a decent choice for anyone looking to access the markets with relative ease.
Forex Risk Disclaimer
There is a very high degree of risk 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.