Menu
Login
I strongly advise against dealing with this company for the following reasons:
- Despite their false promises of waiving swap fees for a certain period, after just a few days they start charging these fees daily as long as the trade remains open. This negatively impacts the trade (the commission adds to the loss on top of the loss from the trade itself), which is exactly what happened to me when dealing with them.
- The significant difference between the buy and sell prices of the currency, commodity, or stock on their platform, compared to other platforms.
- Their account managers are completely ignorant of trading. They all memorize the same terms and repeat them like parrots (for example, in every call, they kept repeating the phrase "geopolitical situation," and when I asked them what it meant, they couldn't explain it).
- The account managers can't understand the price direction of the currency, commodity, or stock. They simply ask you to open any trade, whether buy or sell (their only concern is that you open the trade, regardless of the consequences).
- Account managers give the impression of having years of trading experience, but I haven't noticed any; they're quite superficial.
- They constantly pressure you to deposit more money (so they can scam you out of even more).
- They don't have a physical presence in your country, so you can't contact them to pursue your rights.
I urge you all to avoid this situation altogether by not opening an account with them. But if you're not convinced and open an account with them, you'll remember this message and deeply regret it.
Be careful with any company you deal with; your money wasn't earned easily.
Country of complaint: United States
This is a terrible company. Do not trust them or sign any documents with them, as they will simply use them to intimidate and pressure you. Don't be naive; be shrewd about where you invest your hard-earned money.
My summary of Vestofx:
⌠Withdrawal process broken – my money is still stuck
⌠Customer support is useless – zero real help
⌠Ticket system is fake – “resolved†means nothing
⌠No accountability – no way to escalate or get action
This company employs analysts who know nothing and deludes them with promises of profit. They especially have an employee named Nizar, a Syrian national, who can't analyze things properly. I don't recommend this company because they are incompetent. Unfortunately, it's the worst company and has the worst management.