A United States regulator warning has been issued against Vantage Financial Trust in September 2023
Vantage Financial Trust is a new online broker that claims to offer a variety of trading services, such as forex, stocks, commodities, indices, and cryptocurrencies. The broker also promises low spreads, fast execution, high leverage, and a user-friendly platform. But is Vantage Financial Trust a scam or a legit broker? In this review, we will examine the broker’s features, regulation, reputation, and customer support.
Features
Vantage Financial Trust offers four types of accounts: Basic, Silver, Gold, and Platinum. The minimum deposit for the Basic account is $250, while the other accounts require higher deposits. The broker claims to provide access to over 200 assets, including major and minor currency pairs, global stocks, precious metals, energy products, and popular cryptocurrencies. The broker also claims to offer competitive spreads, starting from 0.1 pips for the EUR/USD pair. However, the broker does not disclose the commission fees or other trading costs that may apply.
The broker provides a web-based trading platform that is compatible with any device and browser. The platform has a simple and intuitive interface that allows traders to execute trades, monitor the market, access charts and indicators, and manage their accounts. The platform also supports one-click trading and social trading features. However, the broker does not offer the popular MetaTrader 4 or MetaTrader 5 platforms that are widely used by traders around the world.
Regulation
Vantage Financial Trust claims to be regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines. However, this is not a reliable or reputable regulator, as it does not have strict rules or oversight over the brokers that operate under its jurisdiction. Moreover, the broker does not provide any license number or registration details that can verify its legitimacy. Therefore, we cannot trust that the broker is following any industry standards or best practices when it comes to security, transparency, or fair trading.
Reputation
Vantage Financial Trust does not have a good reputation in the online trading community. There are many negative reviews and complaints from customers who have used the broker’s services. Some of the common issues reported by customers include:
- Difficulty in withdrawing funds or closing accounts
- Hidden fees and charges
- Poor customer service and communication
- Manipulation of prices and execution
- False or misleading advertising
Customer Support
Vantage Financial Trust claims to offer 24/7 customer support via phone, email, and live chat. However, many customers have reported that the broker’s support team is unresponsive, rude, or unhelpful. Some customers have also claimed that the broker’s phone number is not working or disconnected. Therefore, we cannot rely on the broker’s support team to resolve any issues or queries that may arise during trading.
Conclusion
Vantage Financial Trust is a new online broker that offers a range of trading services and features. However, the broker is not regulated by a reputable authority and has a poor reputation among customers. The broker also has many red flags that indicate that it may be a scam or a fraudulent operation. Therefore, we do not recommend Vantage Financial Trust as a trustworthy or reliable broker for online trading.
What to Do If You’ve Lost Money with Vantage Financial Trust?
If you have been scammed by Vantage Financial Trust or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.
