VastWealth is a multi-asset broker with a unique range of financial services including online trading and investing along with advanced market analysis tools and some educational resources which can help clients improve their knowledge of the global markets. They let you trade online with very competitive trading conditions and fees when compared to some of their direct competitors. I like that they are also regulated by some well respected regulators which we will cover in this review.
VastWealth is based in Kingstown St. Vincent and the Grenadines and has the vision to provide the best trading experience and the best market pricing and execution to traders globally. They do this through various means, including tight spreads, low fees, fast trade execution speeds, minimum 0.01 lots, $5000 minimum deposit and leverage up to 1:400.
The broker provides a suitable solution for anyone who is looking for a simple, secure and enjoyable trading experience with a range of transparent services that implement innovative technology to ensure that the broker stays up to date with the latest trends in an ever-evolving market.
VastWealth Review – Security of the Broker
Despite being a relatively new broker when compared to others who have been around for more than a decade, VastWealth are ticking the right boxes. They are authorized to provide financial product advice, deal with financial product issues and apply for, acquire, vary or dispose of financial products for clients.
You can choose to hold deposited funds in your own name, or have VastWealth.io hold funds on your behalf in an independent bank account. The broker regularly pinpoints, analyses and regulates each type of risk connected with its day-to-day operations.
VastWealt.io is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation. This includes but is not limited to the USA. Some products such as cryptos are not available in all countries.
Vastwealth trader for all devices
I found that there is a good choice of powerful and advanced trading platforms for you to choose from. Whilst the platform is packed with features for conducting in-depth market analysis and managing trades, I also find them to be very user-friendly. This makes them accessible for both new and experienced traders alike. The desktop platform have the most functionality but the mobile trading apps make it easy to access the markets whilst on the move. I am often checking my phone to see how my trades are performing.
Mobile App- VastWealt.io
With a variety of markets, pending and stop orders as well as a trailing stop at your disposal, you can perform trades regardless of the current market situation. Both platforms boast a fully-functional demo account offering strong support and access to a plethora of educational resources.
VastWealth accounts come with market-leading pricing and trading conditions through the platform by providing clients with extremely fast connectivity. One of the biggest advantages of Vastwealth is that they combine lots of price quotes from different liquidity providers and then, offer the best bid and ask prices for the specific currency pairs which can reduce spreads.
Although the provided platforms are fully loaded with an impressive array of features, they also provide some of the best trading tools and market analytics to clients in order to help them increase their chances of success in the market and help ensure you are making informed trading decisions.
There is an excellent selection of over 400 financial instruments to choose from across multiple asset classes. You will find CFDs on major currency pairs (forex), stocks, commodities, indices and cryptos. Contract for differences (CFDs) allow traders to speculate on the price movement of a particular instrument without needing to physically own it. This makes them a popular choice amongst those of you who are active traders and would like to buy and sell various assets on a regular basis.
VastWealt.io has a wide range of account types, each designed to suit a diverse range of trading styles. Each account type offers the main set of conditions including commission, margin call levels and maximum leverage for that account. It takes just a few minutes to apply for a VastWealth account. There is a short application form on the website you need to complete. You will then need to upload some documents to validate your account. Once verified, you will be able to make a deposit and start trading. There are currently main types of accounts on the platform which are as follows:
Trading Accounts Options
Trade numerous financial instruments with VastWealth by selecting any of our trading accounts that perfectly match your investment and trading requirements.
|Account currency||USD, EUR, GBP||USD, EUR, GBP||USD, EUR, GBP||USD, EUR, GBP|
|Spread, pips||Fixed||Fixed & Floating, Variable||Fixed & Floating, Variable||Fixed & Floating, Variable|
|Quotation (number of marks after point)||5 marks||5 marks||5 marks||5 marks|
|Margin Call Level||40%||40%||40%||40%|
|Stop Out Level||30%||30%||30%||30%|
|Trading platform||all devices||all devices||all devices||all devices|
|OPEN ACCOUNT||OPEN ACCOUNT||OPEN ACCOUNT||OPEN ACCOUNT|
VastWealth is a Muslim friendly broker as this swap-free account complies with Sharia law. Although no swap fees are charged, the spread is marked-up to compensate.
Demo accounts that come preloaded with virtual funds are available free of charge. These allow you to try out the brokers platforms and services without any risk. They are popular for practising various trading strategies, improving your trading skills and gaining confidence before trading in a real environment.
Trading Conditions- VastWealth Review
There are no restrictions put on your trading activity provided you do not break the rules. This means that you can scalp, hedge and use automated trading systems on your account. The broker states that they have a very fast average execution speed time of just 12ms with no requotes. This puts them alongside the very best in the industry with regards to execution speeds and could prove to be a popular choice amongst scalpers who rely on small price movements.
VastWealth is a client focused broker with dedicated account managers assigned to each client. This means that you can get a personalised experience when compared to some larger brokers who have way too many clients to focus on each individual. VastWealth has a multilingual team of professionals that remain side by side with you along your trading journey to ensure that you have the best experience possible. They are readily available to answer all of your queries and quick to respond.
Funding your account with VastWealth
VastWealth works closely with its payment service providers to ensure fast and flawless deposits and withdrawals. They offer a wide variety of money transfer methods including via bank cards, e-wallets and bank wire. The broker is one of a few that currently accepts both deposits and withdrawals by Bitcoin.
Conclusion of the VastWealth Review
VastWealth specialize in providing individuals, retail investors and institutions with investment opportunities and services. Their growth is powered by a commitment to clients as well as the use of innovative technology in global finance. One of the key things about VastWealth is that they have helped to simplify the trading process for the modern user so that they can focus on their trading activities with minimum fuss.