Vortex

Note: Vortex Markets' official website: https://vortexmarkets.org is currently inaccessible normally.

Vortex, established in 2023 and based in the United Kingdom, operates under an unregulated status. It offers three kinds of live accounts with the minimum deposit of $300.

Pros and Cons

Is Vortex Markets Legit?

Vortex Markets does not disclose a contact address, and the links to its Terms and Conditions and Privacy Policy are non-functional. The website footer mentions a company name—Vortex Markets Inc—but there is no evidence that this entity actually exists. Additionally, Vortex Markets operates without regulatory oversight, and its official website is inaccessible.

Account Type

Vortex Markets claims it offers three kinds of live accounts: the Standard, the Silver and the Gold accounts with the minimum deposits of $300, $5,000 and $25,000.

Leverage

Vortex Markets provides a maximum leverage of 1:100. This high leverage can significantly boost potential returns, but it also comes with heightened risk.

Vortex Markets Fees

Vortex Markets offers different spreads for different accounts. It claims to offer spread from 0 pips on the Silver account and the Gold account.

Trading Platform

Vortex Markets only supports a web-trading platform. The software is quite underwhelming. While it does offer some basic functionalities like technical analysis tools and multiple chart types, it notably lacks the sophisticated features found in industry-standard platforms like MT4 or MT5. Instead, it includes a controversial social trading feature that enables users to follow and replicate the trades of top performers in real-time.

Deposit and Withdrawal

Vortex Markets only accepts deposits and withdrawals via cryptocurrencies. Some reputable brokers do accept digital currencies like Bitcoin, but they also offer other transparent payment options such as credit/debit cards, bank transfers, or popular e-wallets like GiroPay, PayPal, or Skrill.