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Vantage Financial Trust
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A United States regulator warning has been issued against Vantage Financial Trust in September 2023
If you are looking for a reliable and trustworthy broker to invest your money with, you might have come across Vantage Financial Trust. They claim to offer a wide range of financial services, such as stocks, forex, commodities, indices, and cryptocurrencies. But are they legit? Or are they a scam that you should avoid at all costs?
In this blog post, we will review Vantage Financial Trust and give you our honest opinion based on our research and experience. We will look at their background, regulation, trading platforms, fees, customer service, and more. By the end of this post, you will have a clear idea of whether Vantage Financial Trust is a broker that suits your needs and goals.
Background and Regulation
Vantage Financial Trust is a brand name of Vantage Global Limited, a company registered in the Marshall Islands. They have been operating since 2018 and claim to have over 200,000 clients worldwide. They also claim to have offices in London, Dubai, and Hong Kong.
However, we could not find any evidence of their physical presence or regulation in any of these jurisdictions. In fact, the Marshall Islands is a notorious offshore destination for unregulated brokers that operate without any oversight or protection for their clients. This means that if you deposit your money with Vantage Financial Trust, you are exposing yourself to a high risk of fraud and loss.
Trading Platforms and Instruments
Vantage Financial Trust offers two types of trading platforms: MetaTrader 4 (MT4) and WebTrader. MT4 is a popular and widely used platform that offers advanced features, such as charting tools, indicators, expert advisors, and more. WebTrader is a web-based platform that does not require any download or installation and can be accessed from any device with an internet connection.
Vantage Financial Trust claims to offer over 250 trading instruments across various markets, such as stocks, forex, commodities, indices, and cryptocurrencies. However, we found that their asset selection is very limited and does not match their claims. For example, they only offer 12 forex pairs, 9 stocks, 4 commodities, 3 indices, and 2 cryptocurrencies. Moreover, their spreads are very high compared to the industry average. For instance, they charge 3 pips for EUR/USD, which is three times higher than what most regulated brokers offer.
Fees and Charges
Vantage Financial Trust does not charge any commissions on trades but makes money from the spreads and swaps. They also charge a monthly inactivity fee of $50 if you do not trade for more than 90 days. Additionally, they charge a withdrawal fee of $30 for every withdrawal request.
Customer Service and Support
Vantage Financial Trust claims to have a professional and responsive customer service team that is available 24/7 via phone, email, live chat, and social media. However, we found that their customer service is very poor and unhelpful. They often ignore or delay their responses to queries and complaints. They also have a lot of negative reviews online from unhappy clients who accuse them of being rude, dishonest, and manipulative.
Based on our review, we do not recommend Vantage Financial Trust as a broker to trade with. They are an unregulated and shady broker that operates from an offshore location without any accountability or transparency. They offer a limited and expensive trading service that does not meet the standards of the industry. They also have a bad reputation for mistreating their clients and refusing to process their withdrawals.
What to Do If You’ve Lost Money with Vantage Financial Trust?
If you have been scammed by Vantage Financial Trust or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.