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
Vlado Information
Vlado is a regulated brokerage firm that operates as an Appointed Representative (AR) under the license of VLADO BROKERS PTY LIMITED. Based on the information provided, Vlado is regulated by the Australian Securities & Investment Commission (ASIC) and has been in operation for 1-2 years. They offer a variety of trading accounts, including the Prime Account for direct access to institutional-grade spreads and dark liquidity pools, and the Zero Account for professional traders seeking unparalleled execution speed. Vlado provides access to a wide range of market instruments, including Forex, cryptocurrencies, precious metals, and CFDs. Traders can speculate on currency pairs, trade popular cryptocurrencies, invest in precious metals, and engage in CFD trading on various financial instruments. With maximum leverage of up to 1:500, Vlado offers traders the opportunity to control larger positions in the market. They also provide a Demo Account for traders to practice and familiarize themselves with the platform before trading with real funds.
Here is the home page of this brokers official site:
Pros and Cons
| Pros | Cons |
| Multiple account options for diverse needs | Lack of regulation |
| Access to popular trading platforms | Potential security and transparency concerns |
| Availability of institutional-grade spreads | Limited trader protection due to the absence of regulatory oversight |
| Variety of payment methods for deposits/withdrawals |
Is VLADO Legit?
The company was previously regulated by the Australian Securities & Investments Commission (ASIC) under the license number 001295039. The license type was Appointed Representative (AR), which allows the company to act on behalf of a licensed entity. However, the license has since been revoked, meaning the company is no longer authorized by ASIC to operate under this regulatory framework.
Market Instruments
Vlado offers its clients a range of market instruments to trade. Here are the market instruments available:
1. Forex: Vlado provides access to the Forex market, which is the largest financial market in the world. Forex trading involves the buying and selling of currencies, with traders speculating on the fluctuations in exchange rates.
2. Cryptocurrencies: Vlado allows trading in cryptocurrencies. Cryptocurrencies are digital, decentralized currencies that operate using blockchain technology. Examples of cryptocurrencies include Bitcoin, Ethereum, and Litecoin. Trading cryptocurrencies involves speculating on their price movements.
3. Precious Metals: Vlado offers trading in precious metals. Precious metals, such as gold, silver, platinum, and palladium, are recognized as stores of value and are commonly used for investment purposes. Traders can speculate on the price movements of these metals.
4. CFDs: Vlado provides the opportunity to trade Contracts for Difference (CFDs). CFDs allow traders to speculate on the price movements of various financial instruments, including stocks, indices, commodities, and currencies, without owning the underlying asset. CFD trading allows for potential profits from both rising and falling markets.
Account Types
Vlado offers three types of trading accounts:
- Prime Account: Designed for traders entering the live market, this account offers institutional-grade spreads, fast execution, and low spreads starting from 1.0 pips on Majors. It includes a personal account manager, negative balance protection, and allows hedging. The minimum deposit is $100, and training is provided. Islamic/SWAP-free trading is available.
- Zero Account: Tailored for professional traders, it offers spreads from 0 pips, leverage up to 1:500, and a minimum deposit of $2500. It features minimal commissions, high execution speed, and access to a personal account manager. However, no training or Islamic trading is available.
- Demo Account: A risk-free account to practice trading strategies with virtual funds in a simulated environment.
How to Open an Account?
To open an account with Vlado, you can follow these general steps:
1. Visit the Vlado website or platform: Go to the Vlado website or trading platform and navigate to the account opening section.
2. Choose an account type: Select the account type that best suits your trading needs. Vlado offers different types of accounts, such as the Prime Account and Zero Account. Each account type may have specific features, requirements, and benefits.
3. Complete the application form: Fill out the application form with your personal information, including your first and last name, email address (which will also serve as your username), mobile number, nationality, preferred trading account type, leverage, and trading account currency (usually in USD). Create a password and confirm it.
4. Submit the application: Once you have filled in all the required information, submit your application for review.
5. Verify your identity: Vlado may require you to verify your identity by providing supporting documents such as a valid ID card or passport, proof of address, and any other documents they may request.
6. Fund your account: After your account is approved and verified, you can fund your trading account. Vlado offers a wide range of funding methods, including cryptocurrencies, wire transfers, and payment wallets like Skrill, Neteller, and Webmoney. Choose the funding method that suits you best and follow the instructions to deposit funds into your account.
7. Start trading: Once your account is funded, you will have access to the most popular and liquid markets worldwide. You can start trading various financial instruments, such as Forex, cryptocurrencies, precious metals, and CFDs, depending on the offerings of Vlado.
Leverage
The maximum leverage ratio provided by Vlado is much higher than most brokers, up to 1:500. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.
Spreads & Commissions
Vlados spreads and commissions vary depending on the type of trading account. Here's a brief overview:
1. Prime Account: Traders holding a Prime Account at Vlado can benefit from spreads starting from 1.0 pips on major currency pairs.
2. Zero Account: For traders using the Zero Account, Vlado provides the lowest spreads starting from 0 pips on major currency pairs.
Trading Platform
When it comes to trading platforms available, Vlado gives traders the worlds most widely-used MetaTrader4 platform, available for desktop (Mac and Windows), the Web and mobile& tablets (iOS and Android). MT4 is known as one of the most successful, efficient, and competent forex trading software. While with the MT4 mobile app, trading can be done from anywhere and at any time through the right mobile terminals.
Deposit & Withdrawal
Vlado offers various funding and withdrawal options for its trading accounts. Here are the available methods:
1. Cryptocurrencies: Vlado allows deposits and withdrawals using cryptocurrencies. This means you can use popular cryptocurrencies such as Bitcoin, Ethereum, and Tether to fund your trading account or withdraw funds from it.
2. Wire Transfer: Vlado supports wire transfers as a funding and withdrawal method. With wire transfer, you can transfer funds directly from your bank account to your Vlado trading account, or vice versa.
3. Payment Wallets: Vlado accepts payment wallets as a funding and withdrawal option. Some of the supported payment wallets include Neteller, Skrill, and Webmoney.
4. Visa: Vlado allows deposits and withdrawals using Visa credit or debit cards. This option enables you to use your Visa card to fund your trading account or withdraw funds from it.
Trading Platform
Vlado offers a variety of trading platforms to cater to the needs of its clients. Here are the trading platforms available:
1. MetaTrader 4 (MT4) Desktop: Vlado provides the popular MetaTrader 4 platform for desktop computers. MT4 is widely used and offers a comprehensive range of features and tools for trading. It allows traders to trade Forex, indices, gold, equities, commodities, ETFs, and more. Traders can access real-time price data, use advanced charting tools, and execute trades with ultra-fast order execution. The platform offers super-low spreads and no trading restrictions.
2. MetaTrader 4 Mobile Apps: Vlado offers official MetaTrader 4 mobile applications for both Apple and Android devices. These mobile apps provide fast and stable access to traders' Forex trading accounts. Traders can view real-time prices, place trades, manage open positions, and monitor their account balance from anywhere, at any time.
3. MT4 WebTrader: Vlado offers the MetaTrader 4 WebTrader platform, which allows traders to access their trading accounts directly from a web browser without the need to download or install any software. The WebTrader has an intuitive design similar to the desktop version of MT4, providing traders with access to their accounts and the ability to manage trades from any device with internet access.
Customer Support
Vlado offers customer support to assist clients with their inquiries and concerns. Here are the available contact options:
1. Email: Clients can reach out to Vlado's customer support team via email. The email address provided is support@vladobrokers.com. This allows clients to communicate their questions or issues in writing and receive a response from the support team.
2. Contact Number: Vlado provides a contact number for clients to get in touch with their customer support team. The provided contact number is +971 4 5582 174. Clients can call this number during the specified operating hours to speak directly with a representative and seek assistance with their trading-related inquiries.
3. Social Media: Vlado maintains a presence on social media platforms, specifically Facebook and Instagram. Clients can follow or connect with Vlado through their Facebook profile and Instagram account.
Conclusion
In conclusion, Vlado offers a regulated trading environment with a range of market instruments and trading accounts to cater to the needs of different traders. The advantages of Vlado include various spreads, high leverage options, direct access to liquidity pools, and the availability of a Demo Account for practice. Additionally, they provide customer support through various channels.
Frequently Asked Questions (FAQs)
| Q 1: | Is Vlado regulated? |
| A 1: | No. Its current status is revoked. |
| Q 2: | Does Vlado offer demo accounts? |
| A 2: | Yes. |
| Q 3: | Does Vlado offer the industry-standard MT4 & MT5? |
| A 3: | Yes. Vlado supports MT4. |
| Q 4: | What is the minimum deposit for Vlado? |
| A 4: | The minimum initial deposit to open an account is $100. |
| Q 5: | Is Vlado a good broker for beginners? |
| A 5: | No. Vlado is not a good choice for beginners. |
Rating Index
Vlado Similarly Rated 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.
Neutral
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.
Neutral
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