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Suspicious Regulatory License
High potential risk
|Risk Management Index||0.00|
No valid regulatory information, please be aware of the risk!
Platform registered country and region
Pyramid scheme complaint
Note: Ethereum Vest is to operate via the website - https://ethereum-vest.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
|Market Instrument||Currencies, Stocks, Commodities, Indices and Cryptos|
|Deposit & Withdrawal Method||cryptocurrency|
Ethereum Vest is allegedly a forex and CFD broker registered in Ireland that claims to provide its clients with various tradable financial instruments with leverage up to 1:500 on the MT4 trading platform.
As for regulation, it has been verified that Ethereum Vest currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.14/10. Please be aware of the risk.
Ethereum Vest advertises that it offers access to a wide range of trading instruments in financial markets, including Currencies, Stocks, Commodities, Indices and Cryptos.
The maximum leverage provided by Ethereum Vest is 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Trading Platform Available
The platform available for trading at Ethereum Vest is one of the most notable and preferred trading platforms the market offers - MetaTrader4. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT4 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
Ethereum Vest says to work with numerous means of deposit and withdrawal choices, consisting of Credit/Debit cards, Wire Transfers and E-wallets, but thats not actually true. It turned out that customers should first buy cryptocurrencies and then directly deposit the digital money with the brokerage. The minimum initial deposit requirement is said to be $250, while most brokers offer a lower deposit limitation of $100 or even less. There is also a 4% withdrawal fee.
Ethereum Vests customer support can be reached by telephone: +44 2038689212, email: email@example.com. Company address: 3 Lamp Place, Lamp St., Dublin, D01 A1V1, Ireland.
Pros & Cons
|• Wide range of trading instruments||• No regulation|
|• Website inaccessible|
|• MT4 supported||• High minimum deposit ($250)|
|• Cryptocurrency only|
Frequently Asked Questions (FAQs)
|Q 1:||Is Ethereum Vest regulated？|
|A 1:||No. It has been verified that Ethereum Vest currently has no valid regulation.|
|Q 2:||Does Ethereum Vest offer the industry-standard MT4 & MT5？|
|A 2:||Yes. Ethereum Vest offers MT4.|
|Q 3:||What is the minimum deposit for Ethereum Vest？|
|A 3:||The minimum initial deposit at Ethereum Vest is $250.|
|Q 4:||Does Ethereum Vest charge a fee？|
|A 4:||Ethereum Vest charges a 4% withdrawal fee.|
|Q 5:||Is Ethereum Vest a good broker for beginners？|
|A 5:||No. Ethereum Vest is not a good choice for beginners. Though it says to offer MT4 platform, it lacks legitimate regulation and its website is inaccessible.|
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