Table of Content
Vertex Market Review – This Broker Is a Scam
Table of Content
Vertex Market is a scam simple as that. It is just a shady brokerage that’s everything but honest. Its website is stuffed with pure lies, and there is nothing else except for fabrications.
Even though Vertex Market broker claims to be regulated by 7 regulators, it turns out to be a lie. As expected, we couldn’t find any record of them having a license for trading FX and CFD markets. They also say to have more than 300 000 “happy customers”, which is another pure lie. Vertex Market is a scam, and we’ll prove it in the following review.
|Blacklisted as a Scam by:||N/A|
|Online Trading Platforms:||Web Trader|
|Crypto Asset Trading:||N/A|
|CFD Trading Option:||N/A|
|Available Trading Instruments:||5|
|Free Demo Account:||N/A|
|Accepts US clients:||Yes|
Are Your Investments Safe With Vertex Market?
Your investments are the opposite of safe. But why is that?
As mentioned, Vertex Market pretends to be regulated in various jurisdictions, but none of them are true. They do provide an address in the USA, but there is no evidence that such an entity occupies this place.
They are just a scam, and it’s one of those scam schemes that are anonymous and illegal. We found no companies associated with it, so Vertex Market is practically just a fraudulent website, probably operated by a boiler room running tens if not hundreds of similar websites. If you deposit with Vertex Market, there is a 99% chance that you’ll get scammed. The best you can do is to avoid it.
Unregulated brokers like this one are anonymous, unregulated, and very dangerous for all investors. Forex companies registered in jurisdictions such as St. Vincent and the Grenadines, the Marshall Islands, or Dominica are usually created by scammers to facilitate crooked schemes. And to run their business, scammers deploy many tactics, two of which are found in most fraudulent schemes. And Vertex Markets is no exception.
Trading Platform Overview
When we found out that this broker is just a scammer we had no hopes for their trading platform. But it turned out to be worse than we thought. Vertex Market doesn’t have a platform.
It claims to provide the industry leaders MT4 and MT5, but just like everything else with this scam, that’s a lie. What they have is an informative TradingView chart, where no real trading is possible. Do not waste your time with it, but go for MT4 or MT5 brokers instead. They can both provide excellent services. But make sure to trust regulated companies only, as Forex markets are overcrowded with scammers nowadays.
What Account Types Does Vertex Market Offer?
When it comes to account types Vertex Market offers 4 different types of accounts. And each of these accounts has insanely high minimum requirements.
The first account is called a Bronze account. This account costs between $1000 and $5000. The next account is called a Silver account which costs between $5000 and $10 000. Then we have a Gold account which cost between $10 000 and $15 000. And finally, we have a so-called Platinum account. This type of account costs between $15 000 and $25 000.
As you can see the prices of these accounts are insanely high. This is not something that a regular broker would do. This just shows how untrusty this broker is.
Vertex Market claims to accept tens of funding methods, but in reality, the only option is cryptocurrencies. These types of scammers choose cryptocurrencies for a reason.
Cryptos are final and non-refundable, so once you deposit with Vertex Market, you can consider your money gone for good. Scammers love crypto because it makes their life easier. It is to carry out the crooked schemes they no longer need to register companies, open bank accounts, go through some legal procedures, and so on. The only thing they need is a wallet, which grants them security, as it is hard, if not impossible, to find out who owns the particular wallet. So they can remain anonymous.
When searching for a broker, make sure to pick those who offer internationally recognized payment methods such as credit/debit cards, Skrill, Neteller, and so on. It’s always a red flag if a broker insists on cryptocurrency deposits only.
How Do I Obtain a Refund if Vertex Market Defrauded Me?
If you have lost money with Vertex Market don’t panic. You are not the first and you likely won’t be the last. Mistakes can happen even with the most cautious of investors and should be used as a learning opportunity.
The good news is that there is help available. And it is called a chargeback.
A payment chargeback is the retroactive cancellation and refund of a charge made using your credit card, wire transfer, or some other payment method.
By putting together a compelling chargeback strategy from beginning to end, victims of online fraud have a relatively high probability of recovering some or all of their lost funds.
Vertex Market Summary
We conducted this Vertex Market review to show you how shady an investment scam can be. Not only are they lacking some of the most basic information, such as their address, but they also failed to provide necessary legal documents and that can never happen with a legit broker.
We can confidently say that this illicit broker can’t be trusted, and if you decide to invest with them your money will just be pocketed and never actually traded.
That’s why it’s best to stay away from them and find a regulated broker to work with. And most importantly, always read the reviews. They can help you in so many ways and prevent you from being scammed.
FAQs About Vertex Market Broker:
Is Vertex Market a Regulated Broker?
No, Vertex Market is not a regulated broker.
What Is the Minimum Deposit for Vertex Market Broker?
The minimum deposit is $1000.
How Long Do Vertex Market Withdrawals Take?
They say it can take up to 3 days, but withdrawal might never happen because this broker is a scam.