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
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United Kingdom
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
verticafx.net
Server Location
United Kingdom
Website Domain Name
verticafx.net
Server IP
77.95.113.16
-
verticafx.com
Server Location
Singapore
Website Domain Name
verticafx.com
Server IP
194.233.83.62
Company Summary
Note: VerticaFX's official website - https://www.verticafx.net/ is currently inaccessible normally.
| VerticaFX Review Summary | |
| Founded | 2019 |
| Registered Country/Region | United Kingdom |
| Regulation | Not regulated |
| Market Instruments | Forex, metals, oil, indices, cryptos, shares |
| Demo Account | / |
| Leverage | Up to 1:500 |
| Spread | From 2 pips (Standard account) |
| Trading Platform | MT5 |
| Min Deposit | $10 |
| Customer Support | Tel: +17163064778 |
| Email: support@verticafx.net | |
| Social Media: Facebook, Linkedin, Telegram | |
| Address: 20-22 Wenlock Road, London N17GU, England | |
Established in 2019, VerticaFX is an unregulated broker registered in the United Kingdom, offering trading in forex, metals, oil, indices, cryptos, and shares with leverage up to 1:500 and spread from 2 pips on the Standard account through the MT5 platform.
Pros and Cons
| Pros | Cons |
| Various trading assets | Unavailable website |
| Multiple account types | Not regulated |
| Commission-free for most accounts | |
| Popular trading platform MT5 | |
| Low minimum deposit |
Is VerticaFX Legit?
VerticaFX is not regulated. Traders should keep cautious and be aware of the associated risks like dispute resolution, potential safety and security.
What Can I Trade on VerticaFX?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Metals | ✔ |
| Oil | ✔ |
| Indices | ✔ |
| Cryptos | ✔ |
| Shares | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type/Fees
VerticaFX offers five account types: Standard, Standard Plus, Pro, 50% Bonus Share P&L and Trade & Win. Demo accounts are not mentioned.
| Account Type | Standard | Standard Plus | Pro | 50% Bonus Share P&L | Trade & Win |
| Min Deposit | $10 | $200 | $1 000 | $50 | $50 |
| Leverage | Change | 1:500 | |||
| Spread | From 2 pips | From 1.4 pips | From 0.2 pips | From 1.8 pips | From 2 pips |
| Commission | ❌ | ❌ | $8/lot | ❌ | ❌ |
| Swap | ❌ | ❌ | ✔ | ❌ | ❌ |
Leverage
VerticaFX's leverage is changeable. Only the trade & win account's leverage is up to 1:500. High leverage not only brings high returns but also high losses.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | iOS, Android, Desktop | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
The deposit and withdrawal methods of VerticaFX are different from different regions.
For traders based in Egypt, it supports deposit and withdraw via 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.
Libya and Tunisia have a $10 minimum deposit and withdrawal requirement, while Syria operates with 3,000 SYP and 12,500,000 SYP via Banque Bemo Saudi Fransi. Yemen-based traders can deposit and withdraw funds using Almetyaz, Alkuraimi, and Annajm, with a minimum deposit of 250 YER and a maximum of 2,500,000 YER.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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India
verticafx ltd is a scame not getting withdraw from last 2 week deduction of USD done but not sent the amount in banking .. be awere ... deposit 100 USD and my profit of 290 USD and 218 USD still pending I talk to support also but no response from there...
Exposure
2023-07-06
Erik Bakker
Australia
MT5 Platform has basic functionality. Nothing extraordinary.
Neutral
07-22
Crush
United States
Been a month since i started using VerticaFX, no complaints whatsoever so far. Good spreads, customer care always helping, fast withdrawals.
Positive
06-14
FX1488637077
United Kingdom
Spot on trading execution and top-notch customer service, pretty satisfying! Quick withdrawals made it even better. Thumbs up for this! 👍💪
Positive
04-26
FX2899402607
Egypt
Vertica is regulated by the Australian Securities and Investments Commission (ASIC), AFS Representative No. 149229130 under AFS License No. 403317. Address: Brisbane, 4000, QLDd
Positive
2023-08-27
FX2899402607
Egypt
The company is licensed and all requirements are published on its website. The correct website for the company is fxvertica.com
Positive
2023-08-03
FX1324281217
Taiwan
I randomly picked this broker and won. I didn’t conduct thorough research on this broker. I just stuck with it following my gut feeling. Luckily my choice was right, although people should be very cautious when choosing brokers.
Positive
2023-03-03