VerticaFX

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

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

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?

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.

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

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.