VESTOFX has been flagged by Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". Carrying on unlicensed capital market activities of dealing in securities This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. VESTOFX recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Multi-currency support|Regular updates|Multi-device support
Cons: Website design could be more modern|Research section could be deeper
I was about to invest with VESTOFX but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Securities Commission has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Not registered with regulators|Unrealistic promises
VESTOFX changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Quick verification|Helpful community forum|Easy withdrawals|Multi-device support
Cons: Cannot customize dashboard fully
The so-called education at VESTOFX is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted since I opened my account last year thinking they would help me learn.
Pros: Professional team|Segregated accounts|High security standards|Automated trading options
Cons: Nothing significant|Limited ETF selection
I invested $1,000 with VESTOFX after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Securities Commission.
Cons: Lost entire investment|Reported to authorities|Unresponsive
VESTOFX had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Fast execution|Regular platform improvements|Dedicated account manager|Instant funding
Cons: No phone support on weekends
Do not use VESTOFX for anything serious. I used them for the past six months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Smooth onboarding|Regular updates|Detailed reporting|Educational resources
Cons: No fractional shares
After spending for the past six months trying to make VESTOFX 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: Good mobile app|Easy withdrawals|Excellent charting|Multi-currency support
Cons: Limited ETF selection|No fractional shares
I gave VESTOFX a fair chance. After for the past year and a half of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Risk management tools|Helpful community forum|Great customer service
Cons: Website design could be more modern|Limited social trading features
If you are reading this considering VESTOFX - run. I wish I had read more negative reviews after seeing their ad online. I thought the positive ones were real. Maybe some are. My experience over since I retired last year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Intuitive for beginners|Quick verification|Reliable uptime
Cons: Alert system is basic|Currency conversion fee exists