Score
VERO FORD
United Kingdom|2-5 years| http://www.veroford.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
+44 2072727591
Other ways of contact
Broker Information
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VERO FORD MARKETS LIMITED
VERO FORD
United Kingdom
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1：400 |
| Minimum Deposit | 10 USD,EUR,GBP |
| Minimum Spread | from 1.6 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1：400 |
| Minimum Deposit | 10,000 USD,EUR,GBP |
| Minimum Spread | from 0.6 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1：400 |
| Minimum Deposit | 10,000 USD,EUR,GBP |
| Minimum Spread | from 0.6 |
| 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)
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VERO FORD · Company Summary
General Information & Regulation
VERO FORD, a trading name of VERO FORD MARKETS LIMITED, is allegedly a forex broker registered in the United Kingdom that claims to provide its clients with various tradable financial instruments (Chinese market only) with leverage up to 1:400 and floating spreads from 0.6 pips on the state-of-the-art MT4 trading platform, as well as a choice of three different live account types. Here is the home page of this brokers official site:
As for regulation, it has been verified that VERO FORD does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.78/10. Please be aware of the risk.
Negative Reviews
A trader shared his terrible trading experience on the VERO FORD platform at WikiFX. He said VERO FORD is a very bad broker and he was unable to withdraw his funds. It is necessary for traders to read reviews left by some users before choosing forex brokers, in case they are defrauded by scams.
Market Instruments
VERO FORD advertises that it offers access to a wide range of trading instruments in financial markets which include forex, precious metals, crude oil, stocks and indexes.
Account Types
VERO FORD claims to offer three types of trading accounts - Cent, Forex Trading and VIP. The minimum initial deposit amount required on the Cent account is only $10, while the other two account types have a much higher minimum initial capital requirement of $10,000.
Leverage
The maximum leverage ratio offered by VERO FORD is as high as 1:400. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads
VERO FORD claims that the average minimum spread of forex is 2.0 pips. Also, different account types are equipped with different spreads. For instance, clients on the Cent account have spread from 1.6 pips, while the other two account types have tighter spreads from 0.6 pips.
Trading Platform Available
Platforms available for trading at VERO FORD are MT4 for Web, Android and iOS. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
The minimum initial deposit requirement at VERO FORD is said to be $300. while the Cent accounts with a deposit of $10. However, the broker says nothing about the acceptable deposit and withdrawal methods.
Customer Support
VERO FORDs customer support can be reached by telephone: +44 2072727591, email: support@veroford.com. You can also follow this broker on social networks such as Twitter, Facebook, Instagram and YouTube. Company address: Fifth Floor, 3 Gower Street, London, WC1E 6HA, United Kingdom.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
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