Note: Vadwell Trade Fx's official website: https://vadwelltradefx.com/ is currently inaccessible normally.
Vadwell Trade Fx Information
Vadwell Trade Fx claims to be a US-based forex broker majoring in trading for shares and forex. Its website is now inaccessible that we can only get very limited information about the company from Internet. It only offers a simplistic web-based trading platform and requires a relative high minimum deposit of $300. Spreads are tight enough from 0.2 pips for forex trading, but you should note that this is not the only factor that impacts overall trading costs.
What's worse, the company's operation without valid regulation from authority bodies further exacerbates its trustworthiness and reliability.
Regulatory Status
Vadwell Trade Fx's operation without any valid regulatory oversight raises huge concerns regarding the broker's adherence to industry standards, financial transparency, and the protection of client interests.
Downsides of Vadwell Trade Fx
Unavailable website: Vadwell Trade Fx's website cannot be opened currently, which indicates possibility of cease of operation.
Regulatory concerns: The broker operates without valid regulation by any financial institutions, meanig that it might not comply to industry standards. This heightens trading risks with them.
Limited transparency on trading conditions: Vadwell Trade Fx does not disclose key information about trading conditions such as leverage and trading costs, which are essential benchmarks for clients to learn about their trading costs in advance.
High minimum deposit: The broker's entry level of trading is set high at $300, which is far above the industry standard, making it less accessible for beginners or casual traders.
What Can I Trade on Vadwell Trade Fx?
Vadwell Trade Fx's business only involves in trading in forex and shares:
Forex: The foreign exchange market (Forex) involves the buying and selling of currencies, with the goal of profiting from fluctuations in exchange rates.
Stocks: Stocks represent ownership shares in publicly traded companies, with investors buying them to gain potential returns through price appreciation and dividends.
Account Type/Fees
Vadwell Trade Fx does not offer a demo account as many peer brokers, while for live accounts, there are two types: Classic account with minimum deposit of USD 300, Platinum account with an even higher entry point of USD 1000. The threshold of opening an account with Vadwell Trade Fx is quite high comparing to industry standard, which is usually set below USD 100.
In addition, the company boasts a tight spread from 0.2 pips for forex, however, key info like commission is not diclosed, which is vital to calculate trading costs as well.
Trading Platform
Vadwell Trade Fx only offers a web-based trading platform with minimum functions and a shabby interface with some charting images. This degrades customer experience significantly.
Deposit and Withdrawal
From Vadwell Trade Fx's website, the only method for payment is Botcoin, which should raise your great attention since scam broker tend to use this method due to the anonymity and irreversibility of crypto payments.
