VastWealth is an unregulated / offshore CFD Broker targeting Brits & South Africans, that opened recently on August 17th 2022. They have already received complaints from investors who are having trouble getting their money back. Their website does not work, so they must be another exit scam.
Officially owned by an offshore company called; Vallencio LLC, 1567. The listed address is at: The Financial Services Centre, Stoney Ground, Kingstown, Saint Vincent and the Grenadines. Contact phone number is: +447418354570. Email address is: [email protected].
Official website & login is at: https://www.VastWealth.io/.
For complaints or withdrawal problems, read more here.
VastWealth Broker Reviews
Our review of the brokers called VastWealth is nothing new, because they are exactly the same as other small brokerage firms that are using the same white-label trading platform. The platform they are using is called EasyTrader, and it was developed by Easy Technologies.
They are currently active on Twitter, Instagram and Facebook. Their Facebook page (see here) was created on September 13th 2022, which is probably when they actually opened for clients.
VastWealth has a web-based CFD trading platform, or you can download their desktop trading platform. Mobile trading apps are not available, it is just a mobile optimized website.
Take a look at the screenshot below, and you can see what the web-based trading platform looks like. You will see hundreds of underlying assets available for CFD trading against the US Dollar including; Shares, Crypto Currency, Forex Pairs, Stocks, Commodities and Market Indexes. Leverage / Margin trading is available with rates as high as 200:1.
VastWealth’s website is available in English, Spanish or Arabic. Their trading platform is available in many more languages. You will not find different account types, and the minimum deposit requirement is $250.
When making a deposit, they only offer the option to deposit via Bitcoin. Basically, you will be using a credit card to buy bitcoin, and then give them your bitcoins. Remember, when transferring Bitcoin or Crypto, there is no way of getting it back.
Make sure to read the fine print where you will see that they charge a dormant account fee of $85 a month! This is standard of brokers that work with Get Rich Quick funnels like Tesler App.
Is VastWealth a Licensed Broker?
No, VastWealth is not a licensed broker, and they are not regulated by the SVG FSA. The SVG Financial Services Authority warns investors; “Forex trading brokerage activities are not licensed in St. Vincent and the Grenadines, read more.”
All brokers in South Africa must be licensed and regulated by the FSCA.
Scam Broker Investigator has reviewed more than 900 online broker since 2013. The proven method we use when reviewing an online Forex broker to see if they are a legitimate or scam broker is straight forward. We check to see if the broker is licensed and regulated by the governments regulatory agency.
Find a Regulated Broker
You have so many online brokers to choose from today, and therefore, you should look at the most popular licensed brokers.
ForTrade is a regulated broker that many investors are using today. They give you Trading Signals, and an intuitive trading platform. Open a Free Trading Account, Signup here.
If you are an existing investor at VastWealth, please share your experience in the comments.