Vanado Trade has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.vanadotradeapp.net.
The mobile app from Vanado Trade is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Smooth onboarding|Good analytical tools|Risk management tools
Cons: Would like more payment methods|No crypto staking
Vanado Trade has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Easy to use platform|Portfolio tracking tools|Helpful community forum|Multi-currency support
Cons: Help articles are sometimes vague|No integrated tax optimization
If you are reading this considering Vanado Trade - run. I wish I had read more negative reviews through word of mouth in my investment club. I thought the positive ones were real. Maybe some are. My experience over for the past six months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Excellent charting|Professional team|Detailed reporting
Cons: Minimum deposit could be lower
I have been trying to close my account with Vanado Trade for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Responsive team|Helpful community forum
Cons: Onboarding videos are outdated