Vlado foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://member.vladobrokers.com/Account/IndividualRegistration, about the company's legal and temporary regulatory information, the company's address 41 DEVONSHIRE ST LONDON, UNITED KINGDOM (THE) W1G7AJ.
Vlado Forex Broker
Basic Information
United Arab Emirates
2-5 years Suspicious Regulatory License Suspicious Scope of Business Australia Appointed Representative(AR) Revoked High potential riskCompany profile
Rating Index
Vlado Forex Broker - Comprehensive Information Guide
1. Broker Overview
Vlado, officially known as Vlado Limited, was established in December 2021. The broker is headquartered in Hong Kong and operates with a significant presence in the United Arab Emirates. It is a privately held company that primarily serves retail traders interested in forex and CFD trading. The company aims to provide an accessible trading platform for a diverse range of clients, including both novice and experienced traders.
Vlado's development has been marked by its ambitious goal to offer competitive trading conditions and a user-friendly experience. Despite its recent establishment, it has made efforts to position itself within the competitive forex market. The company claims to operate under various regulatory frameworks, although these claims have been scrutinized.
In terms of business model, Vlado broker focuses on retail forex trading and contract for difference (CFD) services. It aims to cater to individual traders looking for opportunities in the forex market, as well as those interested in trading commodities, indices, and cryptocurrencies.
2. Regulatory and Compliance Information
Vlado has made claims regarding its regulatory status, asserting that it is regulated by the Australian Securities and Investments Commission (ASIC) and the Money Services Business (MSB) of Canada. However, it is crucial to note that the MSB does not issue licenses for forex trading, and there are no records of Vlado being licensed by ASIC. The company does not appear in the Financial Conduct Authority (FCA) register in the UK either, indicating a lack of legitimate oversight.
The regulatory license number previously associated with Vlado was 001295039, but it has been revoked. This revocation means that the broker is no longer authorized to operate under the ASIC framework. Consequently, customer funds are not protected under any regulatory scheme, raising significant concerns about the safety of investments made with this broker.
Vlado does not offer a segregated account policy, nor does it participate in any investor compensation schemes. Additionally, the broker claims to adhere to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, but the effectiveness of these measures remains questionable given its overall regulatory status.
3. Trading Products and Services
Vlado offers a range of trading products that include over 200 forex pairs, covering major, minor, and exotic currencies. The broker also provides access to various CFD products, including indices, commodities, and cryptocurrencies such as Bitcoin and Ethereum. However, the specifics regarding the frequency of product updates and the introduction of new trading instruments have not been disclosed.
The broker's retail trading services are designed to appeal to individual traders looking for accessible market entry points. However, there is limited information regarding institutional client services or any white-label solutions that might be available.
4. Trading Platform and Technology
Vlado supports the widely recognized MetaTrader 4 (MT4) platform, which is available for desktop (both Mac and Windows), web, and mobile devices (iOS and Android). This platform is popular among traders for its extensive features, including advanced charting tools and automated trading capabilities.
The broker claims to operate with an ECN execution model, which is designed to provide direct market access and competitive spreads. However, the specifics regarding server locations and the underlying technology infrastructure have not been detailed, leaving potential clients with limited insight into the broker's operational capabilities.
Vlado does not appear to offer any proprietary trading platform or API access for automated trading, which may limit options for more advanced traders.
5. Account Types and Trading Conditions
Vlado provides two main account types: the Prime Account and the Zero Account.
- Prime Account: This account type requires a minimum deposit of $100 and offers spreads starting from 1.0 pips on major currency pairs, with no commissions charged on trades.
- Zero Account: Designed for professional traders, this account requires a minimum deposit of $2,500 and features spreads starting from 0 pips. However, specific commission details are not disclosed.
Both account types offer leverage up to 1:500, allowing traders to control larger positions in the market. The minimum trade size is generally set at 0.01 lots, although specific overnight fees and conditions have not been clearly outlined.
6. Funds Management
Vlado supports various funding methods, including bank transfers, credit cards, and electronic wallets such as Neteller and Skrill. The minimum deposit requirement varies by account type, with the Prime Account starting at $100 and the Zero Account at $2,500.
Deposit processing times are generally immediate, although specific details regarding fees associated with deposits are not provided. Withdrawal methods mirror those available for deposits, but the processing times and any potential withdrawal fees are not clearly stated, raising concerns about the transparency of their funds management practices.
7. Customer Support and Educational Resources
Customer support at Vlado is accessible through multiple channels, including email, phone, and social media platforms. The provided contact number is +971 4 5582 174, and support is available during specified operating hours.
The broker claims to offer educational resources, although the types of resources available—such as webinars, tutorials, or market analysis—are not explicitly detailed. Traders may find limited market analysis services, which could impact their trading decisions.
8. Regional Coverage and Restrictions
Vlado primarily serves clients in the United Arab Emirates, Malaysia, and Thailand. However, the broker does not accept clients from certain regions, although specific countries or regions where clients are restricted have not been disclosed.
Overall, the lack of clear regulatory oversight and the absence of detailed operational transparency raise significant concerns for potential clients considering engaging with the Vlado broker.
In conclusion, while Vlado presents itself as a forex broker with a variety of trading options, potential clients should exercise caution and conduct thorough due diligence before proceeding with any investments.
Vlado Similar Brokers
Latest Reviews
FX1525344715
Nigeria
As a forex trader, when dealing with Vlado, it's a mixed experience. The standout positive has to be their regulation. They're regulated, instantly taking away any worries about security. And their trading platform performance? Stellar. Quick order execution is another feather in their cap - excellent turnaround times when the market's just right. But let's talk about the negatives. First, the spreads. They are a bit steep. Commission fees aren't too wallet-friendly either. It makes you think twice about the cost-effectiveness. The silver lining though is their withdrawal speed. It’s commendable - cash hits your account in the blink of an eye! Now let's talk trading signals. They're a bit hit and miss, lacking in consistency. And the customer service could be speedier for an instant resolution of queries.
37130
2023-12-04
AbWellTrader
Cambodia
To start on a positive note, Vlado ticks the right boxes in terms of regulation, which is absolutely key to feel safe while trading. Their trading platform performance is top-notch, a smooth experience with hardly any technical hiccups / glitches - as fluid as it gets, really. Quick order execution? Check. They've got it covered. And for novices, their demo account feature is a great sandbox to find your bearings in the forex world without losing your shirt. However, where Vlado did draw some criticism from me was in the spreads department - like a wide river that can't be easily crossed. The cuts into my profits were a tad bit more than I'd liked. The commission structure was another area where I was left hoping for improvement. Great if you're a high volume trader, maybe not so much for those starting off or trading moderate amounts.
37130
2023-12-02
yvett
Kazakhstan
Vlado is a great choice for traders looking for competitive spreads and a reliable demo account. Their spreads are consistently low, making it easy to maximize profits. Plus, the demo account is perfect for practicing and honing trading skills before diving into the real market.
Positive
2024-07-11