VerticaFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-19 14:10

Abstract：Established in 2019, VerticaFX is an unregulated broker registered in the United Kingdom, offering trading in forex, metals, oil, indices, cryptos, and shares with leverage up to 1:500 and spread from 2 pips on the Standard account through the MT5 platform.

　　Note: VerticaFX's official website - https://www.verticafx.net/ is currently inaccessible normally.

VerticaFX Review Summary
Founded	2019
Registered Country/Region	United Kingdom
Regulation	Not regulated
Market Instruments	Forex, metals, oil, indices, cryptos, shares
Demo Account	/
Leverage	Up to 1:500
Spread	From 2 pips (Standard account)
Trading Platform	MT5
Min Deposit	$10
Customer Support	Tel: +17163064778
	Email: support@verticafx.net
	Social Media: Facebook, Linkedin, Telegram
	Address: 20-22 Wenlock Road, London N17GU, England

　　Established in 2019, VerticaFX is an unregulated broker registered in the United Kingdom, offering trading in forex, metals, oil, indices, cryptos, and shares with leverage up to 1:500 and spread from 2 pips on the Standard account through the MT5 platform.

Pros and Cons

Pros	Cons
Various trading assets	Unavailable website
Multiple account types	Not regulated
Commission-free for most accounts
Popular trading platform MT5
Low minimum deposit

Is VerticaFX Legit?

　　VerticaFX is not regulated. Traders should keep cautious and be aware of the associated risks like dispute resolution, potential safety and security.

What Can I Trade on VerticaFX?

Tradable Instruments	Supported
Forex	✔
Metals	✔
Oil	✔
Indices	✔
Cryptos	✔
Shares	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type/Fees

　　VerticaFX offers five account types: Standard, Standard Plus, Pro, 50% Bonus Share P&L and Trade & Win. Demo accounts are not mentioned.

Account Type	Standard	Standard Plus	Pro	50% Bonus Share P&L	Trade & Win
Min Deposit	$10	$200	$1 000	$50	$50
Leverage	Change				1:500
Spread	From 2 pips	From 1.4 pips	From 0.2 pips	From 1.8 pips	From 2 pips
Commission	❌	❌	$8/lot	❌	❌
Swap	❌	❌	✔	❌	❌

　　Leverage

　　VerticaFX's leverage is changeable. Only the trade & win account's leverage is up to 1:500. High leverage not only brings high returns but also high losses.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	iOS, Android, Desktop	Experienced traders
MT4	❌	/	Beginners

Deposit and Withdrawal

　　The deposit and withdrawal methods of VerticaFX are different from different regions.

　　For traders based in Egypt, it supports deposit and withdraw via Vodafone Cash, Etisalat Cash, Orange Cash, and We Cash, along with banking options such as CIB, AAIB, and Banque Du Caire.

　　In Algeria, traders can utilize Algérie Poste CCP, BaridiMob, and CardLess for transactions, while in Morocco, options include Wafa Cash, Cash Plus, and Bank Transfer through banks like ATTIJARI WAFA BANK, BARID BANK, and BMCE BANK.

　　Libya and Tunisia have a $10 minimum deposit and withdrawal requirement, while Syria operates with 3,000 SYP and 12,500,000 SYP via Banque Bemo Saudi Fransi. Yemen-based traders can deposit and withdraw funds using Almetyaz, Alkuraimi, and Annajm, with a minimum deposit of 250 YER and a maximum of 2,500,000 YER.