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VTGM -

Score

1.35 /10
Danger

VTGM

Australia

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://vt-gm.com

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Regulatory Index0.00

Business Index5.79

Risk Management Index0.00

Software Index4.00

License Index0.00

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Warning: Low score, please stay away! 3
Previous Detection : 2024-12-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The VanuatuVFSC regulation (license number: 700557) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

VTGM · Company summary

Note: VTGM's official website: https://vt-gm.com is currently inaccessible normally.

VTGM Review Summary
Founded2004
Registered Country/RegionAustralia
RegulationNo regulation
Market InstrumentsForex, Precious Metals, Energy, Index
Account TypeDemo, Prime, Elite
Demo Account✔
LeverageUp to 1:400
Spread and CommissionPrime Account: From 0.0 pips, $3.0 per lot commission, Elite Account: From 1.0 pip, no commission per lot
Minimum Deposit$100 (for Prime and Elite Accounts)
Trading PlatformMT5
Payment MethodWire Transfer, BPAY, Swift Payment
Customer SupportPhone: +61 4 8882 6516
Email: info@valktrade.com

VTGM Information

VTGM, founded in 2004, is a brokerage registered in Australia. The trading instruments it provides cover Forex, Precious Metals, Energy, Index.

Pros and Cons

Pros Cons
Diverse Market InstrumentsUnregulated
Competitive SpreadsLimited Payment Options
Generous leverage up to 1:400Limited account types offered
MT5 supportedNo Islamic account
Demo account available
Low commissions

Is VTGM Legit?

VTGM is regulated by VFSC in Vanuatu. Its current status is suspicious clone.

Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberCurrent Status
VanuatuVFSCVALK TRADE GLOBAL LIMITEDRetail Forex License700557Suspicious Clone
Is VTGM Legit?

What Can I Trade on VTGM?

VTGM offers traders Forex, Precious Metals, Energy, Index to trade.

Tradable Instruments Supported
Forex✔
Precious Metals✔
Energy✔
Index✔
Futures❌
Options❌

Account Types

VTGM offers 2 different types of accounts to traders - Prime Account, Elite Account. It also provides demo accounts.

Account TypePrime AccountElite Account
SpreadsFrom 0.0 pipsFrom 1.0 pips
Commission$3.0 per lot commissionNo commission per lot

VTGM Fees

VTGM charges $3.0 per lot commission for Prime Account, 0 commission per lot for Elite Account. Prime Account's spread is from 0.0 pips and Elite Account's spread is from 1.0 pips.

Trading Platform

VTGM's trading platform is MT5, which supports traders on PC, Mac, iPhone and Android.

Trading PlatformSupported Available Devices
MT5 Margin WebTrader✔Web, Mobile
MT4❌

Deposit and Withdrawal

The broker supports 3 types of deposit and withdrawal methods - Wire Transfer, BPAY, Swift Payment. The min deposit is $100.

User Reviews

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Erik Bakker
more than one year
User-friendly MT5 platform with great charting tools.
User-friendly MT5 platform with great charting tools.
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2024-07-22 15:08
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Adebayo Ng
more than one year
I've traded with Valk Trade several months ago. I'm really digging Valk Trade's spreads and commissions. They're so competitive, a huge plus.
I've traded with Valk Trade several months ago. I'm really digging Valk Trade's spreads and commissions. They're so competitive, a huge plus.
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2024-05-29 11:59
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