Launched in 2022, VastWealth is an established online retail broker that lets you trade the markets via user-friendly platforms. They offer clients around the globe a decent selection of more than 450 trading instruments across different asset classes such as forex, stocks, shares, commodities, precious metals and cryptocurrency. You can trade hundreds of financial instruments with low spreads from just 0.6 pips and commission free accounts are available if you need them for your trading strategy. I think they can be a good choice for anyone looking to get convenient access to the global markets across all of your devices with minimal hassle.
- Generous selection of more than 450 financial instruments across 6 asset classes
- Tight spreads, zero commissions and fast trade execution speeds
- Powerful and easy to use trading platform
- User-friendly mobile trading app
- Swap-free Islamic accounts
- Free demo practice accounts
- Good choice of account types and funding methods
- Excellent 24/5 customer service
- Cannot accept clients from some countries
- Could improve regulation beyond corporate License
Being founded in 2022, VastWealt aim to grown into a world-leading online broker. Operating from Kingstown St. Vincent and the Grenadines, VastWealth is a multi-asset brokerage firm that is focused on providing clients with the best trading environment possible. The broker provides you with the popular easytech trading platform to help ensure seamless access to over 200 financial markets. They give you access to trade online with extremely competitive trading conditions, such as low spreads from just 0.6 pips, zero commission fees, leverage of up to 1:400, around the clock support, flexible account types and convenient funding options.
The minimum deposit amount required to start trading is $5000 whereas free demo accounts are available if you wish to practice trading online before committing to a real live account. I always prefer using a demo account first before a real account with any broker. It is a good way to understand their trading conditions with no risk.
It is quick and easy to open an account to get instant access to the top markets of the world. As a service-focused, global online trading brokerage.
I found them to be quick and helpful to respond to my questions I had when reviewing their service.
VastWealth client’s orders are executed with No Dealing Desk intervention, which results in superior pricing, faster results, a greater depth of liquidity and fewer outages. This also ensures that there should be no conflict of interest between trader and broker, as there may be with a dealing desk between the client’s order being sent and the market.
In addition to this, VastWealth invests heavily in behind-the-scenes network technology to significantly lower latency. From rock-solid platforms and lightning-fast trade execution to low spreads and flexible leverage across the brokers product suite, traders should be able to confidently rely on VastWealth to deliver any time you’re ready to take a trading opportunity. This is something I don’t see many brokers doing so it is a great initiative to stand out.
VastWealth works with several advanced liquidity providers to cut down on the risk of experiencing slippage as much as possible.
The broker is connected to some of the most advanced technology and liquidity providers, making trades reach their servers quicker, which inevitably reduces the need for requotes.
The Website is Owned by Vallencio LLC, company number: 1567 LLC 2021 and registered address at The Financial Services Centre Stoney Ground, Kingstown St. Vincent and the Grenadines.
The processing and clearing company Vallencio LLC, company number: 1567 LLC 2021 and registered address at The Financial Services Centre Stoney Ground, Kingstown St. Vincent and the Grenadines.
I would’ve preferred if they had at least one tier-one regulatory body that was regulating them as this would significantly improve their trustworthiness.
The Broker has dedicated compliance and customer support teams that ensure compliance with regulator’s investor protection mechanisms. Many may argue that one of the best ways to try and avoid potential scams is to trade with a regulated broker. I don’t disagree either.
Under the supervision of multiple regulatory agencies, the broker must strictly abide by the capital supervision regulations and adopt sound internal risk management procedures. They also have complete financial reports and independent external audit plans. I appreciate it when brokers make their financial reports public as I like to go through them myself too just to be safe.
The client’s funds are always kept separately from the company’s capital and subject to the bank’s priority protection. No matter under what circumstances, they should not use the client’s funds for company operations. Therefore, this can help to ensure the safety of client funds and gives me peace of mind that my funds are safe.
The broker’s services are not directed to residents of certain jurisdictions such as the United States, Singapore, Iran, Cuba and some other regions where such distribution or use would be contrary to local law or regulation.
VastWealth offers Muslim clients an Islamic Account, also known as a Swap-Free Account. The owners of Swap-Free accounts are charged with an administration fee. This account type was created especially for Muslim belief clients, who are not allowed to trade with swaps because of Shariah laws. The Islamic Account offers state-of-the-art trading infrastructure and execution speeds, enabling Islamic traders to gain a competitive edge.
- Access to good liquidities
- Trade over 450+products
- No swap fee on overnight positions
- For Standard or Prime Accounts
- Fast deposit and withdrawal
- No restrictions on trading
- Up to 1:500 leverage
VastWealth’s professional multilingual customer support team is ready to assist you and provide you with an incomparable trading experience. I found out that they can be contacted via any of the following contact channels: telephone, live chat email, social media and by completing an online for on the brokers website. I also found the support team to be quick and polite in their responses.
Customer service is available 24/5 which is great as it means that you can get around the clock support wherever you are based in the world. I personally would’ve preferred if they were available on weekends as well as this is when most traders are available to ask questions.
As of today, hundreds of specialists are always there to help you with any problem you may face along the way.
The broker provides clients with various flexible deposits or withdrawals methods and multiple base currency options. You are allowed to deposit and withdraw funds using any of the following payment methods:
- Bank Transfers
- Credit/Debit cards
The time taken to process transactions may vary depending on the payment method used. Some payments can be instant whereas others may take a few business days to clear. With the most advanced payment system, they aim to process 85% of withdrawal requests in less than 10 minutes. This is great because sometimes I quickly need access to fund in order to take advantage of a market move before it is too late.
Some payment systems may have transaction limits, restrictions and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries as I had to do it too. They strictly do not accept third-party payments. All funds deposited into your trading account must be under the same name as your trading account.
VastWealth Review Conclusion
VastWealth is a multi-asset brokerage firm that operates from Kingstown St. Vincent and the Grenadines. They allow you to trade a reasonable range of financial instruments via the sophisticated and user-friendly trading platform while providing you with the right resources and trading conditions to ensure a seamless trading process. This includes tight spreads, fast execution speeds, low commission fees and flexible funding options.
I personally don’t believe they’re offering anything out of the ordinary. The broker also provides an excellent range trading resources to enhance the overall trading experience.