Introduction Ventorus, founded in 2023 and based in Saint Lucia, is regulated by the Mwali International Services Authority (M.I.S.A.) of Comoros Island. This platform provides traders with a...
Introduction
Ventorus, founded in 2023 and based in Saint Lucia, is regulated by the Mwali International Services Authority (M.I.S.A.) of Comoros Island. This platform provides traders with a wide array of financial instruments, featuring over 160 CFDs that cover cryptocurrencies, Forex, commodities, indices, and stocks. As a next-generation online broker, Ventorus aims to transform the trading experience.
Traders can expect quick price changes, access to more than 160 asset CFDs, and advanced trading and analytical tools. The platform ensures rapid access and high execution speed, eliminating obstacles to your trading success. Ventorus offers a state-of-the-art trading platform with built-in analytical tools and user-friendly interfaces that are suitable for both novice and experienced traders.
Managed by Apex mkt Ltd. (Registration No. 2023-00162), Ventorus is a regulated broker committed to providing top-quality trading features and services. This review of the Ventorus forex broker will explore all crucial aspects of its operations, helping you determine if it aligns with your forex trading needs.
Supported Countries
Ventorus positions itself as a global brand, welcoming clients from many regions around the world. However, Apex Mkt Ltd (managing company) does not provide its services to residents of the European Union or to any other jurisdiction where such distribution would be contrary to local laws and regulations.
Customer Service Rating
Despite being relatively new, Ventorus has already garnered several reviews online. On Trustpilot, the broker has received 29 reviews, earning a TrustScore of 4.3 out of 5, which is considered excellent.
One user appreciated the dedicated account managers, noting their expertise in helping users navigate the platform. Others praised the excellent execution speed of trades, with some highlighting the convenience of fast withdrawals. Many users have had positive experiences, stating that the platform works well and the company is doing a good job.
However, not all feedback is positive. Some users have reported issues with slippage.
Ventorus Trading Platforms
Unlike most forex brokers, Ventorus does not offer the popular MT4 and MT5 trading software, which are industry standards. Instead, Ventorus only provides its proprietary trading software.
- Ventorus WebTrader: Ventorus promotes its proprietary WebTrader as a platform offering advanced trading capabilities. The WebTrader combines innovation and functionality, featuring a user-friendly interface, powerful data visualization tools, and enhanced order control. Users can customize their trading experience with in-platform price change notifications and seamless switching between multiple accounts. The WebTrader offers detailed charts for various assets and visual indicators like Fibonacci, arrows, and support and resistance lines to help traders understand market dynamics. It also includes features like stop loss and take profit trigger orders and multiple execution modes to navigate the volatile trading landscape. Ventorus claims that its WebTrader is fast, transparent, secure, and exceptional, providing the freedom to trade 24/7 and seize market opportunities.
Trading Denominations on Ventorus
Ventorus offers its clients the flexibility to denominate their accounts in three major currencies: USD, GBP, and EUR. While this provides some choice, the options available are relatively limited compared to many other brokers in the market. Some brokers offer their clients up to eight or more currencies to choose from when setting up their trading accounts.
Company Structure
Apex mkt Ltd, authorized and regulated by the Mwali International Services Authority (M.I.S.A.) of Comoros Island, manages Ventorus. The company registration number is 2023-00162, with a registered address on the Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia.
Ventorus prides itself on combining advanced technologies, expertise, and unwavering integrity, offering a solid foundation with no commissions and 100% data protection. The company adheres to strict anti-money laundering (AML) and counterterrorism financing procedures mandated by local regulators.
Explore a diverse range of trading possibilities with over 160 asset CFDs, including Forex currency pairs, cryptocurrencies, indices, precious metals, stocks, and commodities. With Ventorus, traders can navigate rapid market changes and build a diversified portfolio seamlessly.
While Ventorus does not display any awards or recognition on its website, this is understandable given its relative newness in the industry. However, positive online reviews underscore its commitment to enhancing its users’ trading experience.
Ventorus Licenses and Regulatory Compliance
Ventorus operates as a regulated company with legitimate licenses in the forex trading sector. Apex mkt Ltd, authorized and regulated by the Mwali International Services Authority (M.I.S.A.) of Comoros Island under license number T2023290, manages Ventorus. The company registration number is 2023-00162, with a registered address on the Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia.
However, it’s important to note that a tier-one regulatory agency does not regulate Ventorus.
Ventorus Customer Protection
As a regulated broker, Ventorus adheres to rules set by its regulatory agency, following standard international financial practices. The firm offers clients negative balance protection to safeguard them against volatile market movements. Ventorus also prioritizes security, ensuring that its security protocols are up to date.
Ventorus implements encrypted transactions and protects personal data with servers in SAS 70-certified areas, ensuring information security and privacy protection. Advanced security technologies, including 128-bit SSL encryption, further bolster client data security.
Customer Service
Ventorus offers various channels through which clients can contact their support team. Traders can utilize the live chat feature on the website for immediate assistance. Alternatively, support is available via telephone at +442031505084 from Monday to Friday, from 09:00 to 18:00 GMT. For inquiries, clients can also email [email protected] or use the online contact form provided on Ventorus’ website.
Additionally, Ventorus maintains a comprehensive FAQ page that addresses common questions. For customer complaints, Ventorus has established a standard Client Complaints Procedure that is accessible on its website, ensuring a streamlined process for resolving issues effectively.
Trading Information
Ventorus does not support automated or algorithmic trading strategies, which may be a limitation for traders who rely on these methods. The broker requires traders to set mandatory stop-loss and take-profit orders, with a margin call at 100% and a stop-out level at 20%. Hedging is permitted, allowing traders to offset potential losses.
While traders can engage in Forex and cryptocurrency CFDs, Ventorus does not offer trading in U.S. or international stocks outside of CFDs. Additionally, the platform does not provide social trading or copy trading features. This means that traders cannot replicate the strategies of more experienced traders but can still trade cryptocurrency CFDs.
Ventorus prides itself on offering competitive spreads and a commission-free structure, creating a reliable and secure trading environment for traders. The platform features spreads that start as low as 0.9 pips, ensuring cost-effectiveness and favorable trading conditions for users. These low spreads minimize price differentials, allowing traders to maximize potential profits.
Ventorus implements inactivity fees, charging a monthly fee on trading accounts with no transactions (deposits, withdrawals, or trading activity) for one month or more. The fee varies based on the duration of inactivity: €100 for 1 to 2 months, €250 for 2 to 6 months, €500 for 6 to 12 months, and €1,000 for 12 months. Additionally, there is a reactivation fee of €2,000. Traders also face a Monthly Maintenance Fee of $10 (or equivalent in account currency).
Swap rates are calculated daily for overnight positions. Detailed swap rate values for each instrument can be accessed through the Trading Platform within the user’s account.
Tradable Instruments
Ventorus provides a range of tradable assets catering to diverse trading preferences. These include:
- Forex
- Cryptocurrencies
- Stocks
- Precious Metals
- Commodities
- Indices
However, it’s important to note that the broker’s diversification options are limited. Broader asset selection can assist clients in achieving more efficient diversification strategies.
Ventorus Leverage
Ventorus offers a maximum leverage of up to 1:400. However, each tradable instrument has specific leverage depending on the account type. This leverage ratio allows traders to control larger positions compared to their invested capital, which can amplify both potential profits and losses. It provides increased market exposure, enabling traders to take larger positions with less capital.
However, it’s important to note that higher leverage also increases the level of risk involved in trading, as losses can exceed the initial investment. Traders should carefully consider their risk tolerance and use leverage responsibly.
Deposits and Withdrawals
Deposits
Ventorus provides several methods for depositing funds, including Credit/Debit Cards, Wire Transfers, and Alternative Payment Methods (APMs). The minimum deposit amount is 250 USD (or equivalent, based on account currency). Deposits are processed quickly, often instantly, or within a few business days. To deposit funds, log in to your Ventorus account, navigate to the “Deposit Funds” or “Funding” section in your dashboard, and select your preferred payment method. Processing time may vary depending on the chosen method. However, Ventorus does not support ACH or SEPA Transfers, PayPal, or Skrill, limiting some deposit and withdrawal options.
Withdrawals
The minimum amount for withdrawals is 10 USD/JPY for Credit Card withdrawals and 100 USD/JPY for Wire Transfers. E-wallet users can withdraw any amount as long as it covers the fee. The withdrawal process typically takes 8 to 10 business days, which can be longer than other brokers offering faster processing times. Ventorus allows withdrawals from open positions if there is sufficient margin to cover the withdrawal amount and any additional fees. Clients can cancel a withdrawal if the transfer has not been processed.
Regarding withdrawal fees, the first withdrawal is free of charge if the account is fully verified and at least one trade has been opened. If the account is not fully verified or no trades have been opened, a 10 USD (or equivalent) fee applies. Subsequent withdrawals incur a 3.5% fee for credit cards, debit cards, prepaid cards, and e-wallets, while wire transfers incur a fee of 30 USD (or equivalent).
Ventorus Trading Education and Training
Ventorus claims to cater to both beginner and expert traders, but the website lacks educational materials, which might discourage new traders from starting their trading journey. Additionally, the platform offers limited research tools to aid in trading decisions. However, Ventorus does provide Market Holidays and Product Specification tools to assist traders.
Conclusion
Ventorus presents itself as a promising option for traders with its range of trading platforms, account types, and leverage options. The broker operates under the regulatory oversight of the Mwali International Services Authority (M.I.S.A.) of Comoros Island, with Apex Mkt Ltd managing its operations.
Ventorus offers various account types to cater to different levels of trading expertise, providing flexibility in trading conditions. The maximum leverage of up to 1:400 allows traders to control larger positions with smaller capital, although this also increases risk. Supported account denominations include USD, GBP, and EUR, but the options are relatively limited compared to other brokers.
Clients can deposit funds via Credit/Debit Cards, Wire Transfers, and APMs, with a minimum deposit of 250 USD. Withdrawal options are also available, though the process can take 8 to 10 business days. Fees apply for inactivity and certain withdrawal conditions, but the first withdrawal is free if the account is fully verified and a trade has been executed.
Ventorus supports traders from various countries but not from the European Union or jurisdictions where such services would conflict with local laws. The broker provides a secure trading environment with negative balance protection, encrypted transactions, and strict anti-money laundering procedures.
Customer support is accessible through live chat, telephone, email, and an online contact form. While the platform lacks extensive educational resources, it does offer basic tools like Market Holidays and Product Specifications to assist traders.
With a variety of trading instruments, including Forex, cryptocurrencies, stocks, precious metals, commodities, and indices, Ventorus caters to a wide range of trading preferences. However, the broker could improve by expanding its educational materials and research tools to better support its clients.
Overall, Ventorus is a regulated broker with a solid foundation, positive online reviews, and a commitment to providing a secure and flexible trading environment.