Is VertexGate a Scam? The Facts You Need to Know

The dealer provides access to trading contracts for difference (CFDs). Several account types are offered, including a VIP model with rewards for traders. The company promotes a browser-based trading platform that lacks advanced technology and optimization. Given the lack of a license, the project has received negative reviews. Let’s determine whether vertexgate.com can be considered a scam.

Company Highlights

Key VertexGate Trading Features

VertexGate advertises trading conditions structured across multiple account tiers. Users have access to the following account types: Basic, Silver, Gold, Platinum, VIP, and Vertex Club. These accounts differ based on the initial deposit amount and additional services. However, a significant drawback of this system is the need to purchase most privileges, including access to tighter spreads and reduced commissions.

The minimum deposit for a Basic account is $250. To obtain a little more privileges, a minimum deposit of $10,000 is required. Moreover, a deposit of $1 million is required to access the loyalty and VIP programs. Such partnership terms are worrisome as the administration appears to be focused on attracting investment from beginners.

Leverage on the platform ranges from 1:100 to 1:300. This high margin level indicates the broker’s unreliability, as it carries substantial risks and potential financial losses. Licensed brokers typically set leverage within the 1:30-1:50 range. Additionally, the absence of negative balance protection makes this margin level unviable for secure trading.

Details on the spreads are vague. The company claims spreads start from 1.5 pips, but there is no upper limit. A zero-spread option is available only for deposits exceeding $250,000 — an unacceptable requirement for an unlicensed dealer. The minimum lot size remains undisclosed.

In summary, clients trading with this CFD broker face numerous restrictions and high spreads. Most advertised additional services appear to be non-existent, which will be discussed further in the relevant section.

Overview of Available Trading Instruments

VertexGate promotes trading in the following financial instruments: currency pairs, stocks, commodities, and cryptocurrencies. The total number of available assets is 200. However, in the browser terminal, the choice is even more limited due to software limitations and questionable company policies.

It is essential to highlight the risks associated with CFD trading. Using CFDs as the primary trading instrument results in guaranteed financial losses, particularly for novice traders who, after registering and depositing funds, begin trading immediately. As a result, CFDs create an environment for various fraudulent schemes.

Vertexgate.com Platform Analysis

VertexGate facilitates trading exclusively through a browser-based platform. Only a desktop version is available, without support for mobile devices on Android or iOS. The platform’s functionality is limited to asset charts and an order book.

The primary drawback of this platform is its fake liquidity. Managers simulate successful trades to attract more client investments. They can also manipulate asset prices and grab users’ funds. Indicators and essential oscillators are not supported.

Additional Services

Extra VertexGate services depend on the account level. For example, the Basic account includes only market analysis and a limited selection of educational materials. Higher-tier accounts promise access to additional platform tools and arbitrage opportunities.

VIP accounts offer expert support, zero commissions, and extended educational content. The company claims to provide trading strategies and signals. The VIP program features exclusive partnership conditions, including accelerated withdrawals, round-the-clock support, and risk management services.

A referral program is also promoted, offering rewards for active users. Participants receive a 15% bonus on the deposits of referred users and 10% on subsequent top-ups. The minimum referral deposit is $2,000. A personalized referral link is provided for registration.

Fee Structure. Are You Paying More Than You Should?

Like many fraudulent companies, VertexGate does not transparently disclose its trading commissions. Certain premium accounts advertise zero commissions, whereas basic account holders incur substantial costs.

A dormant account fee of $99 is charged if no trades are made for 30 calendar days. Additionally, a swap fee is applied and triples on Wednesday nights. The company reserves the right to charge extra fees for service usage and transaction processing.

The withdrawal fee is 1% of the total amount (minimum fee is $30 and maximum is $300). The same conditions apply to refunds.

Legitimacy of VertexGate

VertexGate is a generic CFD broker that employs a simplistic website and user account interface. The same applies to security measures and digital documentation, which consist of autogenerated text.

No regulatory or legal compliance information is available. The company also does not disclose details of its legal registration. This is a significant red flag that should deter potential traders from partnering with the company. Once funds are deposited, it is unrealistic to expect withdrawal of funds or return of profits.

The Broker’s Past and Present

The dealer operates under a policy of secrecy and generic statements. The “About Us” section provides no information on the company’s establishment, achievements, or advantages. However, a Whois domain lookup reveals that the company was only founded at the end of 2024, making its reliability highly questionable.

Conclusion

We do not recommend working with VertexGate. The company is unlicensed in Europe and lacks approval from offshore regulators. The platform has received negative reviews and offers unprofitable partnership conditions. The trading terminal is used for manipulation and stealing of client funds.

Weighing the Pros and Cons

Common Questions