Vergomarkets (vergomarkets.com) has been flagged by ASIC (Australia) for "Unlicensed". Phones: 442038666796, 442038666799
Addresses: 15 Cabot Square London E14 4QT United Kingdom 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.vergomarkets.com.
Vergomarkets (vergomarkets.com) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Professional team|Low minimum deposit|Competitive fees
Cons: Wish they had more educational resources
Do not believe the bonus offer from Vergomarkets (vergomarkets.com). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after comparing multiple platforms and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Segregated accounts|High security standards|Regular platform improvements|Clean UI
Cons: No integrated tax optimization|Limited demo account features
After spending since last summer trying to make Vergomarkets (vergomarkets.com) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Helpful community forum|Dividend tracking
Cons: No crypto staking
Vergomarkets (vergomarkets.com) seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Clear documentation|Tax reports included|Portfolio tracking tools
Cons: Account statements could be more detailed|Desktop app not available on Linux
After for over a year with Vergomarkets (vergomarkets.com) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Wide product range|Segregated accounts|Regular platform improvements
Cons: Some tools only available on higher tiers