Vestrado is a forex and CFD broker founded in 2020 by a group of experienced financial traders. The broker offers a state-of-the-art technology-based trading platform with access to over 100 financial instruments, including forex, indices, stocks, commodities, and crypto. Vestrado operates under several registered entities, including in Saint Vincent and the Grenadines, Comoros, and South Africa, with licenses from the MWALI International Services Authority (MISA) and the Financial Sector Conduct Authority (FSCA).
Pro
- The popular and easy-to-use MetaTrader 4 (MT4) platform.
- Spreads start from 0 pips with leverage up to 1:2000.
- Various account types to meet traders' needs.
- 24/7 customer support via email, phone, and live chat.
- Fast deposit and withdrawal process.
Cons
- No negative balance protection.
- Customer support is limited to email and phone.
- No Islamic accounts are offered.
Trading Product
Vestrado offers a wide range of trading instruments, including:
- Forex: Over 60 major, minor, and exotic currency pairs.
- Crypto: Bitcoin, Ethereum, and others.
- Stocks: Popular companies like Apple and Adidas.
- Indices: ASX 200, Wall Street, and Euro Stoxx 50.
- Commodities: Gold, silver, oil, and gas.
Trading Platform
Vestrado uses the MetaTrader 4 (MT4) platform, which is known for its user-friendly interface, complete technical analysis tools, and adaptability for mobile devices. The platform also supports automated trading and customization of technical indicators.
Spreads and Commissions
Standard Account: Spreads start from 1.5 pips with no commission.
ECN Account: Spreads start from 0 pips with $6 commission per lot.
Cent Account: Suitable for new traders with competitive spreads
Payment Methods
Vestrado supports a variety of payment methods, including bank transfers, credit/debit cards, e-wallets, and cryptocurrencies like USDT. The minimum deposit starts at $5, while the minimum withdrawal is $100.
Customer Service
Vestrado customer support is available 24/7 via email, phone, and live chat. While responsive, there are no additional support channels like social media or a comprehensive help center.
Conclusion
Vestrado offers a solid trading platform with a wide range of instruments and competitive spreads. Despite some shortcomings such as limited customer support and no negative balance protection, this broker is still a good choice for both new and experienced traders. With fast deposit and withdrawal processes and a reliable MT4 platform, Vestrado is worth considering as your primary broker.
