If you didn’t realize, VerveMart.co broker is one of those that don’t want to share any legal information. Many experienced traders can easily wonder if they can trust them at all. But for those inexperienced ones, we are bringing some key details in this VerveMart.co review.
Make sure you double-check everything. Otherwise, you might end up throwing money away. If you still think this brokerage is genuine, some facts will make you question that.
| Regulated By: | No Regulations |
| Is This Company Safe? | No |
| Known Websites: | Vervemart.co |
| Have Warnings From: | N/A |
| Registered In: | N/A |
| Operating Since: | 2023 |
| Trading Platforms: | Web trader |
| Maximum Leverage: | 1:500 |
| Minimum Deposit: | $10.000 |
| Deposit Bonus: | Available up to 100% |
| Trading Assets: | Forex, Indices, Cryptos, Shares, Commodities |
| Free Demo Account: | Not Available |
| How To Withdraw From This Company? | Since the company is absolutely anonymous, withdrawing the funds there is the mission impossible. Unless you talk to our experts for refund options. Don’t hesitate to get in touch if you want to get your money back! |
Legal Info: Is VerveMart.co Legit Or A Scam?
One of the easiest ways to prove the VerveMart.co scam is by checking their regulation. Firstly, we did research on the most important registers in the trading world. Those are FCA, BaFin and ASIC. Sadly, none of these databases holds any records of the company’s regulation.
Many traders still wonder why this is relevant. But when the broker scams you with a fraudulent platform and shady conditions, you will realize why, especially if the company doesn’t offer any fund protection features. For instance, segregated bank accounts for deposits or negative balance protection.
Who Are VerveMart.co’s Clients?
The leading problem clients have with this firm is because of the VerveMart.co regulation. Or, to be precise, the lack of it. As it looks, they are targeting highly regulated areas, such as:
But if you are coming from these countries, you have an easy solution to any financial fraud. Contact our specialists for detailed advice to find out your options.
Leverage, Commissions, Spreads, Fees and Taxes
The first sign you shouldn’t trust this firm is their leverage. Instead of a reasonable 1:30, they provide retail traders with leverage of up to 1:500. Clearly, they want you to lose money as fast as you can. In addition to that, there’s missing negative balance protection and a huge spread of a minimum of 1.5 pips.
All in all, trading conditions look designed to rip you off, especially when you see that fees and commissions are not disclosed.
Bonuses
Another key fact about the VerveMart.co trading tricks is their welcome bonus. Every trader can get up to 100% bonus credit, but most likely with a hidden clause. Since the company’s T&Cs are not transparent, it’s hard to prove that.
But make sure before accepting those to read through the bonus policy. If you have seen any withdrawal restrictions, you can expect scamming activities there. But to avoid those situations completely, read our tips from the IndexEvolve review.
VerveMart.co Trading Features
All the trading features with this company are completely fictive. Starting with their platform, conditions, funds protection measures, and security. Keep in mind that any brokerage without regulation can do whatever they want. You’ll get the proof of that further in this VerveMart.co review.
Trading Platform Available
One of the first signs of investment scams is if the company doesn’t offer trusted software, such as MetaTrader or cTrader. Instead, VerveMart.co trading is done through the proprietary web-based platform.
When you know the agents easily control these platforms, it’s easy to predict the outcome. Therefore, stick to Tier 1 licensed firms and tools before you get robbed.
Available Trading Assets
Considering the company’s activities, traders don’t have to worry much about instrument availability. In any case, whatever they are presented with will be fake. If you don’t trust it, check again the FCA warning. Anyway, the investment options are divided into five categories:
- Forex – USD/GBP, AUD/HKD
- Commodities – gold, platinum
- Shares – IBM, AMD
- Indices – DAX 30, CAC 40
- Cryptos – ETH, BCH
Account Types
Obviously, the account types with VerveMart brokerage reveal only irrelevant details. For instance, they offer traders bonus funds, weekly sessions with analysts, business plans, and strategies. But if you expected better trading conditions, forget it.
The only goal of this firm is to extort more money from customers. They manage to do that through four account type options:
- Standard – $10.000
- Silver – $25.000
- Gold – $50.000
- VIP – $100.000
Mobile Trading App
Unfortunately, traders can’t trade comfortably on mobile devices with the web-based platform. That’s one of the huge downsides of these options, but also the advantages of MetaTrader. Therefore, we suggest you check our FXLiveCapital review and see how the mobile app can improve your results.
Demo Account
To be fair, access to the platform is completely free. Yet, the company doesn’t offer any virtual funds for trading. But even without it, you can see that traders can only get basic functionalities and zero advanced features. However, these can be easily tested with any other Tier 1 licensed firm.
Education
The only education provided by this company is through investment research and analytics from Trading Central. But knowing their agents are not licensed ones, you can only expect preparations for a huge scam.
We suggest you compare these educational programs with ones from Tier 1 licensed firms. Otherwise, you won’t see the difference.
VerveMart.co Withdrawal
Generally speaking, the company advertises card transfers, wire, and crypto. But very often, with scam brokerages, you will get certain benefits to transfer crypto funds. This way, traders protect their anonymity and make the company last longer.
However, this firm doesn’t offer transparent withdrawal conditions, and you can expect a wide range of issues. Starting with the fees and taxes.
Customer Support
Another sign not to trust this firm is their customer support. Instead of phone lines, live chat, or other trusted options, they provide customers with e-mail and contact forms only. Not even the working hours are released.
But very often, you will see the support available 24/7 if the client wants to deposit money. But when they want to withdraw the funds, support is not reachable.
Key Information To Consider About VerveMart.co
As you can see, reporting the brokerage is the easiest solution. But still, that doesn’t get your money back. Therefore, we always suggest you contact professionals for detailed guidance.
For instance, our refund experts offer you a free first consultation where you can find all the details about the refund. Even if you were sending crypto, keep in mind it’s traceable. If you are sick of swindlers stealing your money, get in touch with us for assistance today!
FAQ Section
What is VerveMart.co?
VerveMart.co is an unregulated FX and CFD trading company operating from an unknown location and with unknown legal ownership.
Is VerveMart.co a Legit Broker?
Definitely not. A company without transparent details and regulations can never be a legitimate firm.
Can I Withdraw Money From My VerveMart Account?
Without the company’s regulation, it’s hard to believe that. Instead, you can apply for a chargeback with our professional assistance and forget about any withdrawal issues.
