VastWealth.io review – What does this broker has to offer?
VastWealth is an independant CFD broker. The Forex broker offers traders a secure trading environment. This lets traders the opportunity to trade exclusively online. It offers traders institutional grade liquidity from top investment banks globally. The spreads at this Forex broker are very tight, which means that you will be able to use your funds to their fullest.
Although the Forex broker was established just a recently, it has already managed to become very popular among traders.
To better understand everything that this broker offers to its clients, we have decided to review VastWealth and its services.
Follow our review and start trading today with VastWealth.
The safety of funds – VastWealth review
While trading Forex, the safety of your funds should be your top priority. This Forex broker is registered in Saint Vincent and the Grenadines. It has adopted different types of policies to safeguard the funds of its clients. It offers Negative Balance Protection, which means that you can stay safe while using higher leverage.
VastWealth review shows that the broker keeps the funds of its clients on segregated bank accounts. This is a very big step towards the safety of the client’s funds. Thanks to this, your funds will be kept safe at all times. No matter what goes wrong, even if the broker files for bankruptcy, you will still have access to your funds.
The Forex broker also follows the KYC customer policy, which is a very important tool in fighting against money laundering.
VastWealth KYC Process & AML Process
1. Know Your Customer (“KYC”)
1.1. In compliance with the Money-Laundering Prevention (may also be referred to as “Anti-Money Laundering” or “AML”), all Clients must adhere to their KYC process to verify the identity of each individual and to avoid any financial crime.
You agree to submit the required information and documentation immediately after your registration with VastWealth.
1.2. During your registration, VastWealth shall require some personal information such as your full name, date of birth, full address, phone number, email, occupation and financial capabilities.
You acknowledge that you must submit the following documentations to complete our verification procedure:
- Identity Proof (government-issued I.D., driver’s license, passport)
- Residency Proof (bank statement, utility bill, government-issued lease agreement), all must not be older than 6 months
1.3. You must ensure that the copies you submit are clear and eligible and all corners of the document are visible. By submitting your documents, you affirm that the information contained therein is true, valid and complete.
Provision of forged documents may result in legal action. Submitted documents must be in JPEG, PNG, or PDF format without password protection.
You can submit your documentations through uploading in your trading account, or through sending to their official email address.
2. Money-Laundering Prevention
2.1. To identify and prevent financial crimes such as security fraud, terrorist financing and proliferation, tax evasion and other financing activities that involve money laundering, you agree to comply accordingly with our KYC Process and other verification procedures.
If a client is presumed or proven to be involved in any financial crime, they may restrict or terminate his/her use of our services and may result in legal action.
2.2. In relation to this prevention, we reserve the right to record all transactions and activities in your trading account which may be disclosed to authorized third parties for lawful reasons.
2.3. You agree to follow the imposed limits for transactions as described in their Terms and Conditions to avoid suspicious financial activities.
2.4. All third-party transactions on behalf of a client require a Power of Attorney (“POA”) subject to our approval. We reserve the right to reject or cancel third-party transactions without prior notice if deemed necessary and may consider such transaction invalid.
What does VastWealth offer to traders?
As we have already said, VastWealth is aCFD broker. It offers access to hundreds of different trading assets, including:
- Currency Pairs
This company largely focuses on Forex trading. It should not come as a surprise, however. Forex trading is the biggest financial market globally. This Forex broker offers access to every type of currency pairs, including Majors, Minors and Exotics.
Trading conditions of VastWealth
The Forex broker offers similar accounts in four different forms. There is a standard, Pro, VAR and MIni account available for traders. If you are a complete beginner, you can start using VAR and Mini accounts, slowly moving to Standard Account. Pro account was created for the most experienced traders and it gives you access to 55 currency pairs. The recommended minimum deposit for a Pro account is $500.
VastWealth broker review shows that this company offers traders access to the market through the easytech trading platform. This is one of the most popular trading platforms globally. The Forex broker also offers trading through mobile phones, with the help of applications created for iOS and Android devices.
Should you use VastWealth?
After reviewing the services of VastWealth, we can recommend this Forex broker to our readers. The Forex broker offers access to hundreds of different trading assets, giving you the opportunity to easily diversify your trading portfolio.
With a wide variety of trading accounts, anyone can find something that they like at VastWealth broker.
Conclusion Vastwealth Review
VastWealth is a new brokerage. they offer a solid trading platform that packs a strong charting solutions and is extremely easy to use while being very powerful. they are a bit more expensive to start with but at the same time one should recognize that if you take trading serious , $100 will not give you anything. they range of markets with what they offer is good and you will be able to trade almost everything you want.
overall the security is up to par and you will will find that their due diligence sis equal to most European regulated brokers, in short it is too early to tell and we advise everyone to do their own due diligence but the brokerage looks solid and a good partner for traders to look top take their trading a step further.