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Vet-Trade (Vet-trade.com) is a blunt out Forex broker scam that we thought you should know. We have been receiving numerous emails from people complaining of losing their investments with Vet-trade. Being ardent Forex traders, we believe we should protect the good Forex trading name. We decided to conduct a decisive investigation on Vet-Trade to find out more. Read on to find the shocking truth about this Forex broker scam.
This fake forex broker apparently resides in the alps. We are not sure whether it’s the Czech Republic or Switzerland. Fact that we don’t have a clue where this broker is situated is a course for alarm. Vet-Trade claims you can trade with their platform anywhere and at any time. The problem we have with this Forex broker is that they don’t specify where to get their platform. You cannot download their platform anywhere on the web. This makes it suspicious.
When you try to open an account with them, you are required to give out too much information. We found this disturbing since you cannot sign up with them without having to deposit money. This means when signing up with Vet-trade, you will have to part with over $500. This is way above the industry’s minimum requirement. Why should you have to pay first? This is one way of fishing out scams.
There’s no demo account required for members to try out. With most forex trading platforms, you will be asked to go through a demo account. This ensures you have a feel of what the platform is all about. Never sign up with a Forex trading platform that has no Demo account. We also found out that there’s no way of knowing what trading methods Vet-Trade is using. Not that this is a problem, but as a newbie, you should know what tricks your platform can do for you.
Best way to earn real profits with Forex trading is using approved and recommended forex brokers. You will always be safe with forex brokers who have been tested and regulated. This is why expert traders and newbie traders are always pointed to real and secure Forex brokers. Here, you stand a chance of earning constantly with Forex trading.
When you visit Vet-Trade website, you will realize that they claim to have specific trading conditions. This means that they offer high-speed execution rates that are unmatched. Folks, these are lies since we cannot even have a test of their platform. Claims Vet-trade has an innovative web platform cannot be confirmed. As we earlier mentioned there’s no way of testing their platform.
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Another fake promise is that traders will trade using Vet-Trade and face no interference. They claim that users have a full range of trading tools that has a multi-language support system. Specific conditions these scammers have set include Auto chartists programs for confidence in decision making. This is an outright lie that we cannot believe.
How can they claim to help people make confident decisions? How can a platform do such a thing? The only logical thing that a trading platform can do is help predict prices. Making traders have confidence is a personal matter that no one can help anyone with. This is a lie that we have to expose.
Vet-Trade Account Types.
This trading platform offers four different trading accounts. They offer Mini, Standard, Gold, and Platinum account. With the mini account, your minimum allowed trade deposit is $1,000. Standard account has a minimum of $500. Gold account members have to deposit over $30,000 to start trading. Platinum users must part away with $55,000 in order to start trading.
Note that this type of trading has never been heard in the Forex industry. Least minimum required a deposit is $1000 which is way above the acceptable industry’s standards. The minimum acceptable trading deposit has always been $250. This means you are being charged excessively for a product that you haven’t tried. Yes, you are placing your money with a trading platform that offers no demo account. This is simply not acceptable considering the money being deposited.
These account types don’t come with full services such as SMS signals, access to the trading platform. A good example is the Mini account where users cannot trade using certain platforms. In this day and time, you should be able to trade using any platform even if you haven’t made such a huge deposit. Another service they offer is a direct individual telephone line. This cannot be a luxury but a must have for a real forex platform.
On their homepage, members are promised 100% insurance on their deposits. They claim you will trade without the fear of losses. Ladies and gentlemen, this is all lies. You cannot trade any financial market without having to face some losses. What Vet-Trade is promising is simply never going to happen. Markets all always volatile and prices change without warning. This means a price can rise or fall drastically without warning making everyone make loses.
Another thing that we have to point out is that if they guaranteed 100% insurance, they wouldn’t be any complaints. These people would have been given their insurance and no one could be making scathing comments about losing money. This is all lies and we should clearly point it out
.
You can always trade safely with Forex by using recommended and trusted Forex brokers. Doing this ensures you make reasonable profit margins as well as stay safe. You will always trade comfortably knowing your money is safe and insured by the regulatory authorities.
Members are offered insane bonus after depositing. Note that getting a 30% bonus is not for free. Later on, you will have to pay for it. We have learned that when members claim to withdraw, they will be charged their initial bonus. This is why we are against brokers who offer bonuses only to charge users later when withdrawing. Isn’t this a hidden fee structure? We are against it completely.
According to the website, traders have direct access to the bank’s liquidity. To be honest, this is the first time we have ever heard this. Even the industry’s regulatory body does not condone this. Why then would Vet-Trade make such statements? They simply want clients to have a feeling of ownership, which is far from the truth.
The promise of direct access to InterBank through liquidity aggregator is nothing but lies. Vet-trade is using industry jargon to make newbies think that these are professionals. Not true and in fact, should not be condoned.
Vet-Trade is a scam straight from the scammer’s books. With little information to tie owners up, Vet-trade.com has scammed thousands. We don’t want you to be the next victim of this fake brokerage firm. We urge that you ignore all emails urging you to register with Vet-Trader.
Evidence produced is more than sufficient to blacklist Vet-trade. This is a scam in the making and should be investigated by relevant authorities. The site should be brought down and no one should try and sign up with this fake broker.
Why not use Forex trading robots instead of scam brokers? With Forex trading robots, you will always be at an advantage of making real money. Also, your money will always be safe unlike with fake forex brokers. Trade safely and be vigilant.
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