Vento Trade is an unregulated broker that has been around for a few years now. While the time element earns them a bit of reputation, do not be inclined towards giving them the benefit of the doubt. New Zealand and Australian authorities have issued warnings against them and their ratings on industry related forums paint them in a sketchy manner.
During our research, we found a lot of concerning things that can be bifurcated as either ambiguous and non-transparent. Continue reading to know more about the questionable things they showcase.
Vento Trade in a Nutshell
This platform just like a lot of other service providers are offering various asset classes under a single roof along with account management services. On paper, the claims they make are enticing, but the details reveal a whole another picture.
For starters, the information regarding the incorporation or the regulatory stance are not disclosed. Creators and team are unknown as well. Trading conditions, payment methods and fees are also not discussed. Clearly, the ambiguity is overwhelming and that is a huge point of concern.
Support
Apparently, this company is situated in the UK. We weren’t able to find any details about them on the database of the FCA. So, clearly they are unregulated.
Address – 440 Strand, London, WC2R 0QS
Email – support@ventotrade.com
Is Vento Trade a Scam?
Vento Trade appears to be a highly dubious platform. Even though it has been a decade since the domain was registered, the actual age of the business is difficult to gauge. Plus, the social proof is not much and it is not reassuring as well.
Ask yourself, do you want to tangle with an entity that has so many red flags and is most likely to mess up one or the other thing?
Conclusion
The trading sector as a whole witnesses a lot of service providers. Regulators are doing their best to keep the scam platforms out of the system. However, it is not always too effective.
So, do your own research and unless you are sure you are dealing with a regulated broker, it is better to walk away. Don’t forget to talk with a licensed financial adviser before making a move.
