Vergomarkets (vergomarkets.net) has been flagged by ASIC (Australia) for "Unlicensed". ASIC Investor Alert https://moneysmart.gov.au/check-and-report-scams/investor-alert-list#!vergomarkets-vergomarkets-com--1642
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: vergomarkets.net.
The only good thing about Vergomarkets (vergomarkets.net) is that they remind you why regulation matters. I found them after my brother mentioned them. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Customizable dashboard|Automated trading options
Cons: Some tools only available on higher tiers|Charting tools need more indicators
The onboarding at Vergomarkets (vergomarkets.net) was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Instant funding|Customizable dashboard|Smooth onboarding
Cons: Desktop app not available on Linux|No fractional shares
The reporting at Vergomarkets (vergomarkets.net) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Automated trading options|Intuitive for beginners|Professional team|High security standards
Cons: Research section could be deeper
The platform itself is okay, but the customer service at Vergomarkets (vergomarkets.net) is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Educational resources|Full transparency|Dividend tracking
Cons: Minimum deposit could be lower|Help articles are sometimes vague
My withdrawal request from Vergomarkets (vergomarkets.net) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Reliable uptime|Fast execution|Wide product range|Comprehensive tools
Cons: No crypto staking
KYC with Vergomarkets (vergomarkets.net) is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: No hidden fees|Easy withdrawals|Smooth onboarding|Good mobile app
Cons: Nothing significant