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No valid regulatory information, please be aware of the risk!
Registered in Saint Vincent and the Grenadines, VamosTrade is a forex broker providing a series of trading instruments, such as currency pairs, indices, stocks. With the VamosTrade, two types of trading accounts are available.
VamosTrade is owned and operated by VamosTrade Ltd, a company registered in the Saint Vincent and the Grenadines with BC number of 25294 BC 2019, and this broker is not authorized or regulated by any regulatory authority. Please be aware of the risk.
With the VamosTrade platform, investors are provided the opportunity to trade currency pairs, indices, stocks, and more.
Two types of trading accounts are on offer: Standard and ECN. The Standard account is designed for regular traders, with the minimum deposit required starting at $10, which sounds friendly. The ECN account is ideal for professional traders and scalpers, asking for an initial deposit of $500.
Some other account services include non-swap available for forex trading, cent lot available for forex, hedge and expert advisors allowed, and more.
Apart from live accounts, demo accounts are also available. Please note that account expired after inactive for 90 days.
How to open an account with VamosTrade？
Opening an account with VamosTrade is an easy and simple process:
1. Click the “Open A Real Account” link, and fill up some required details on the popping-up page.
2. Upload your personal data for this company to verify your details.
3. Choose the preferable payment methods, fund your account and start to trade with this forex broker.
VamosTrade offers flexible leverage options, ranging from 1:100 to 1:1000. Problematically, this broker allows its clients to use leverage of up to 1:1000, much higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.
Since leverage can magnify gains, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.
Spreads & Commissions
Spreads and commissions are tightly associated with account types. With the Standard account, the spreads starting from 0.5 pips, with no broker commission charged. While the ECN account offers competitive spreads, starting from 0.1 pips, with a broker commission from 0.3 USD.
VamosTrade provides access to the industry-leading MT5 trading platform, which can be accessed on any device, Windows, Desktop, IOS, and Android. The MT5 trading platform offers a powerful set of tools available with one click, a flexible trading system, technical and fundamental analysis, professional MQL5 development environment, multi-currency tester and alerts.
VamosTrade says it provides 24/5 customer support, and if clients have any inquiries or trading-related issues, they can get in touch with VamosTrade through the following contact channels:
Registered Company Address: Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, Saint Vincent and The Grenadines
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
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