In this section we will analyze the VETOROBANC broker (also called vetoro.io), is a Forex, Cryptocurrency and CFD broker. Is VETOROBANC really recommended to make an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You might be wondering why we did a review on VETOROBANC. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, providing key information about the company, we disclose information that every investor should know before leaning or not, for Invest with an investment company.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: does not mention it.
As to its location, The broker mentions being based in: supposedly the United Kingdom, although they do not mention the regulation of the United Kingdom regulator that they should have, which makes us think that their base in the United Kingdom is not real.
If we analyze the regulation of the broker: since they mention being a regulated broker, but they do not provide the regulation number to be able to verify it, which makes us think that it is an unregulated broker.
If now we go on to analyze account types offered by VETOROBANC, we note that they offer 6 different types of account / plans: the Initial Point Account, the Progressive Account, the New Discovery Account, the Classic Choice Account, the Experienced Trader Account and the Premium Account. We leave an image with a little information about each type of account.
Initial Point Account- Minimum initial deposit of $ 250, account manager 24 hours 5 days a week, free signals for one month.
Progressive Account- Minimum initial deposit of $ 1.000, account manager 24 hours 5 days a week, account insurance up to 20%, free signals for one month.
New Discovery Account- Minimum initial deposit of $ 1.000, account manager 24 hours 5 days a week, account insurance up to 35%, free signals for one month.
Classic Choice Account- $ 25.000 minimum initial deposit, 24/5 account manager, account insurance up to 50%, 75% deposit bonus, risk manager, VIP alerts.
Experienced Trader Account- $ 45.000 minimum initial deposit, 24/5 account manager, up to 75% account insurance, VIP analyst, risk manager, VIP alerts.
Premium account- $ 90.000 minimum initial deposit, 24/5 account manager, up to 75% account insurance, VIP investment analyst, advanced risk management technique, VIP alerts.
In the following image you can have more information about the types of account. Click here to see the image in full size.
Las platforms to operate that VETOROBANC offers are: the MT4 platform.
We will now analyze the different resources and aids for traders that VETOROBANC provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
VETOROBANC provides the following help or resources to traders or interested parties: explanation of some basic concepts of the world of trading, basic explanation about the financial products that VETOROBANC offers, some news about financial events, really not much more than this.
| Other information about VETOROBANC |
Some more information in case you want to contact the company, or see its website for yourself.
Phone number: +44 203 769 2844 and +34937370376
>>> Assessment on VETOROBANC <<
Ending with this section, in our opinion Do we believe that VETOROBANC company is trustworthy? Should you invest your money with the company?
The truth is that, we believe that it is better to be careful because: it is an unregulated broker, it is not clear where it is based, when looking for other reviews about VETOROBANC we could not find any, which makes us think that it is a company " new ”, the CNMV, the financial regulator of Spain, has issued a warning against VETOROBANC. We suggest using caution.
Update February 2020: VETOROBANC has been warned by CONSOB
We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.