Vergomarkets indicates the address of its office in London, United Kingdom. It’s worth noting that the company claims to have been working for many years. However, it does not disclose its history or launch date. As for the domain, it was registered only in November 2023. In addition, the broker does not have a license and there is no information on the site about the place of registration of the brand.
Should you trust your funds to this company? We will check the legal documents and trading conditions, after which we will draw conclusions about the reliability of this site.
Vergomarkets offers a WebTrader platform where you can trade from any device. The company promises narrow spreads and lightning-fast execution, but does not specify the technical parameters of the terminal.
Trading plans are presented in 7 traditional versions, besides them, there is an Islamic account. However, you can start with a basic profile outside of these tariffs, with a minimum deposit of $250. The services are structured according to the amount of the minimum deposit, each subsequent level includes a list of functions of the previous one, in the following order:
- BRONZE from $10,000 – E-book on trading, Market reviews, Social trading, Access to webinars.
- SILVER from $25,000 – Advanced Assets.
- GOLD from $50,000 – 1 Risk-free Trading, Personal Assistant.
- PLATINUM from $100,000 – Personalized Account.
- DIAMOND from $250,000 – Access to the trading floor.
- PREMIUM from $500,000 – Trade Specialist.
- VIP from $1,000,000 – Updates, Exclusive marketplace.
The list of functions of social trading and the Islamic Account are not informative in their description. Vergomarkets is not ready to transmit its trading statistics via the API in order to interest potential customers in opening these profiles.
Vergomarkets presents training materials that improve the trading experience of customers. The site has a page with a demo of the terminal and there is a blog, but it is not yet filled with content.
Would investing in Vergomarkets offer the best returns?
Cooperation with an anonymous broker probably will not bring you profit, but will result in a loss of funds with a leverage much higher than allowed in Europe (up to 1:30).
Does Vergomarkets carry out withdrawals?
Our analysis of the site shows the unreliability of the company, so you may be refused to withdraw funds for no reason. Users write about this in their reviews. If you have any experience working on this site, then please share it in the comments.
May I be scammed on vergomarkets.com?
Yes, this site does not look perfect, it looks like a scam, it is unclear who its owner is and who will help you in case of loss of funds. The broker does not have a license, and the “long-term history” of the project does not fit in with a fresh domain and a cheap interface design.
What's the best way to share my experience with Vergomarkets?
Fill out the form and we'll make sure your voice is heard.
How can I tell if this is a fraudulent company?
Do your own research and never believe those who promise you easy money.