Vestrado Review: Is Vestrado Broker Safe and Legit?


This review aims to bring every aspect of Vestrado to light, giving you a comprehensive picture of what to expect from this broker.

What is Vestrado?

Vestrado is an online forex broker established in 2020, registered in Saint Vincent and the Grenadines. The company offers a variety of trading services, including forex, stocks, cryptocurrencies, indices, and commodities trading. Vestrado uses the popular MT4 trading platform and provides leverage of up to 1:2000.

Vestrado provides various customer service support methods, including interactions on social media platforms such as Facebook, Twitter, Instagram, YouTube, and TikTok, striving for effective communication with customers through these channels. The company has a customer service center in Malaysia.

Vestrado uses the popular MT4 trading platform and provides leverage of up to 1:2000. The broker's core mission is to simplify clients' trading processes and enhance their trading experience by offering a one-stop platform, aiming to provide comprehensive services and support to clients.


Is Vestrado a legitimate broker?

Vestrado Ltd is an international business company registered in Saint Vincent and the Grenadines, registration number 25911. Although the broker is established in SVG, it should be noted that the Financial Services Authority of SVG (SVG FSA) does not regulate forex trading. This means Vestrado's forex trading activities are not supervised by relevant financial regulatory authorities in SVG.

Additionally, another entity under the Vestrado Group, Vestrado (PTY) Ltd, is a company registered in South Africa, registration number 2021/675350/07, with a registered address at 37 Harley Street, Ferndale, Randburg, 3370, 2149. Vestrado claims to be registered with the Financial Sector Conduct Authority (FSCA) of South Africa with the registration number 51891, but this license does not involve regulation of forex trading.

Therefore, Vestrado currently appears to be unregulated by any major financial supervisory authorities. This unregulated status could mean weak investor protection, posing certain trading risks to investors. Users should fully understand the regulatory status and associated risks before choosing to use any trading platform or broker.

vestrado's SVG FSA registration inquiry

svgfsa's regulatory responsibilities

vestrado's South Africa regulatory inquiry

Account Types:

Vestrado offers four different account types, each tailored to meet the specific needs of different traders and their trading strategies. These account types each have distinct features, such as minimum deposit requirements, leverage options, and may target different trading strategies and experience levels. The available account types include:

  1. Frux Standard Account STP: This account type may be suitable for traders who prefer the Straight Through Processing (STP) model. It offers variable spreads and zero commission; the minimum deposit requirement is $10, and traders can utilize leverage of up to 1:2000.
  2. Frux CENT Account: This type of account is usually suitable for beginners or those wanting to trade with smaller amounts. Cent accounts typically allow trading in micro lot sizes and carry a lower risk. The account offers leverage of up to 1:1000.
  3. Fides Cashback Account: Cashback accounts are known for providing trade rebates or cashback. This might be appealing to frequent traders who wish to get some form of reward in the form of cashback. The minimum deposit for opening this account is $10; the maximum trading leverage available is up to 1:1000.
  4. Respectus ECN account: ECN (Electronic Communications Network) accounts are usually favored by professional traders. It provides a direct access to other participants in the forex market, often having tighter spreads but may incur commissions. The maximum leverage available for use is 1:2000.
vestrado's account types

How to open a Vestrado account?

If you wish to open a Vestrado account, you can follow these steps:

  1. Visit the official website: First, visit Vestrado's official website.
  2. Select to open a live account: Find and click the "Open Live Account" button in the website's main menu.
  3. Fill in registration information: You will be redirected to a registration page. On this page, you need to fill in detailed information including account type, name, date of birth, country of residence, address, phone number, and email address.
  4. Accept terms and conditions: Confirm and accept the relevant terms and conditions on the registration page.
  5. Email confirmation: After completing the registration, you will see a blank confirmation screen. Hover your mouse over this screen and highlight text, and you will find a link sent to your email address.
Open vestrado account-1

Open vestrado account-2

Deposit and Withdrawal Methods:

After creating an account, investors can deposit through various methods. Vestrado supports deposit methods including local bank transfer, wire transfer, credit card, USDT, e-wallet, virtual bank account, cryptocurrency, etc. Processing times for different deposit methods range from 5-10 minutes to 2-7 days, with a minimum deposit amount of $10 and a maximum limit of $10,000. Most deposit methods are free of charge, but wire transfers may incur fees.

vestrado's deposit methods

Withdrawal methods are similar to deposits, including local bank transfer, wire transfer, credit card, USDT, e-wallet, virtual bank account, and cryptocurrency. The minimum withdrawal limit is $100, with a maximum limit of $10,000. Withdrawal processing times, depending on the method chosen, may range from 1-24 hours to 7-14 days. Most withdrawal methods do not charge fees, but a 1% processing fee will be charged for withdrawals using cryptocurrency.

vestrado's withdrawal methods

What is the minimum deposit for Vestrado?

Vestrado offers different types of trading accounts including the Frux Standard Account STP, Frux CENT Account (upcoming), Fides Cashback Account, and Respectus ECN Account, all with a minimum deposit requirement of $10. This means that regardless of which type of account is chosen, investors can start trading with a lower capital investment, which is a good option for beginners or small investors who do not want to invest a large amount of money.

What is the Vestrado Bonus?

Although Vestrado claims to keep clients' funds in separate, secure bank accounts to segregate company operational funds from client funds, thereby increasing fund security, this cannot be verified through third-party channels. Vestrado offers various promotional activities and partnership programs, aimed at rewarding and motivating investors. These include various contests, re-deposit bonuses, and partner commission rebate programs. These schemes are designed to attract new clients and maintain the activity of current clients.

vestrado's activities


Vestrado allows clients to choose leverage ratios for their accounts ranging from 1:300 to 1:2000. Investors can select a suitable level of leverage based on their trading strategies and risk appetite. Higher leverage ratios can increase the purchasing power of investors but also increase risks. Investors need to decide on the appropriate leverage level based on their risk tolerance, trading experience, and market conditions.

vestrado's leverage

Spreads and Commissions:

Vestrado claims to offer low spreads and commissions on its trading accounts, with specific charges depending on the type of account chosen by the trader. For instance, the Cent, Standard, and Fides Cashback accounts provide a commission-free trading environment, with spreads starting from 1.5 pips and 0.8 pips respectively. Vestrado offers relatively competitive trading costs, especially for those seeking low spreads and commissions.

vestrado's spreads and commissions

Trading Platform:

The trading platform offered by Vestrado is MetaTrader 4 (MT4), a widely used and powerful trading software. MT4 supports PC and Macbook, and there are also mobile trading apps for iOS and Android devices, ensuring that investors can participate in market trading wherever they are. However, Vestrado does not currently offer the MT5 trading platform.

MT4 is acclaimed for its advanced charting capabilities, which allow traders to conduct detailed technical analysis of the markets. This includes multiple time frames, a rich selection of technical indicators that help improve the accuracy of market monitoring and pricing dynamics. Additionally, MT4 offers extensive customization features, allowing traders to adjust the platform according to their trading needs and preferences. The MT4 trading platform can assist traders of all levels in effective market analysis and trade execution.

vestrado's MT4 (PC)

vestrado's MT4 (mobile)

Trading Products:

Vestrado offers a range of trading products, which include the following categories:

  1. Forex: Vestrado provides trading in over 60 forex currency pairs, including major pairs, minor pairs, and exotic pairs. These pairs offer tight spreads, giving investors the flexibility to participate in the global currency markets.
  2. Commodities: For commodities trading, Vestrado offers a variety of options including metals (such as gold, silver) and oil. These commodities provide investors with diversified investment choices, especially when hedging risks or trading based on market fluctuations.
  3. Shares: Vestrado also likely offers trading on shares of major companies around the world, allowing investors to directly engage in the price movements of these companies.
  4. Cryptocurrency: Given the growing market for cryptocurrencies, Vestrado provides trading options on mainstream digital currencies like Bitcoin, providing investors the opportunity to partake in this emerging market.
  5. Indices: Vestrado also offers trading on various global stock market indices, enabling investors to invest in the performance of the entire market or specific sectors.
vestrado's trading varieties

Risk Warning:

Trading leveraged financial instruments involves high risks, including the risk of losing all invested capital, and may not be suitable for all investors. High leverage and the volatility of such instruments may result in losses. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. If you have any doubts, you should seek advice from independent experts, including legal, tax, and financial advisers, for professional advice.

Related Reviews:

These user reviews of Vestrado reveal a low level of trust in the platform, with concerns over financial security, customer service, transparency, and professionalism. When considering using similar services, it is advised to opt for more reliable and rigorously regulated trading platforms, which can better ensure the security of your funds and trading experience.

  1. Financial loss and poor experience: A user suffered significant losses within two months of trading and had a very poor experience, noting that voicing dissatisfaction on the platform might lead to negative consequences.
  2. Platform reputation issues: Another user described Vestrado as a "black platform" and advised others to stay away. This suggests potential fairness and transparency issues with the platform, especially regarding problems with withdrawing funds after making profits.
  3. Poor customer service and unprofessional conduct: Another user highlighted Vestrado's poor performance in terms of customer service and questioned the professionalism of its team.
  4. Withdrawal difficulties and suspicions of fraud: Lastly, a user experienced difficulties with withdrawals and suspected Vestrado might be a scam.
vestrado's customer reviews-1

vestrado's customer reviews-2

vestrado's customer reviews-3

vestrado's customer reviews-4

Pros and Cons:


  1. Diverse trading instruments: Vestrado offers a wide range of trading tools including forex, metals, shares, cryptocurrencies, and indices.
  2. Various types of trading accounts: Offers multiple account types including the Frux standard account STP, Frux CENT account (upcoming), Fides cashback account, and Respectus ECN account, catering to the needs of different traders.
  3. Supports the MetaTrader 4 platform: Vestrado uses the widely popular MetaTrader 4 trading platform, providing users with a familiar trading environment.
  4. Lower minimum deposit requirement: The minimum deposit requirement is $10, making the forex market accessible to more investors.
  5. Higher leverage rates: Provides leverage of up to 1:2000, offering greater trading flexibility for experienced traders.


  1. Lack of regulation: Vestrado is currently not regulated by any well-known financial institution, increasing the risks associated with trading with them.
  2. Limited educational resources: Offers relatively few educational resources, mainly an economic calendar, lacking comprehensive educational materials such as webinars, e-books, video tutorials, blogs, etc.
  3. Limited customer service channels: Although it provides 24/7 customer support, it is mainly via phone and email, without live chat support options.
  4. Relatively limited trading tools: Despite offering a range of financial tools, the number of tools available is limited compared to other brokers.

Customer Support:

The customer support service offered by Vestrado primarily includes telephone and email contact methods. Their customer service phone number is +603 4812 1037, and the email address is support@vestrado.com. Customer service is located at VO5-06-05, Signature 1, Lingkaran SV Sunway Velocity, 55100 Kuala Lumpur, Malaysia. Vestrado seems to lack in educational resources, currently only providing an economic calendar as part of its educational materials, without more comprehensive resources such as webinars, e-books, and video tutorials.

vestrado's contact information


Vestrado is a relatively new forex broker established in 2020, headquartered in Saint Vincent and the Grenadines. The company provides various trading products including forex, stocks, cryptocurrencies, indices, and commodities. Vestrado uses the popular MT4 trading platform and offers leverage of up to 1:2000. There are four different account types available, all with a minimum deposit requirement of $10. Vestrado currently appears to be unregulated by any major financial supervisory authorities, and is indicated as "Suspected Fraud" on Traderknows.



Public No. 4

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

The End


Contract for Difference (CFD)

Contract for Difference (CFD) refers to a financial derivative in which investors and counterparties engage in speculative or hedging transactions by exchanging the price difference of a commodity. Importantly, this occurs without the need to physically own or trade the underlying asset.


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