Vertexfy Review – Phone Harassment Taken To Another Level

As an unlicensed, offshore registered brokerage brand, this trading domain has little to offer, except the promises and false hopes we’ve already heard and seen. Although at first it may seem like their product range is wide and their “next-generation” software is reliable, we have proof of things being far different than advertised.

This Vertexfy review is a detailed study of a gray-zone trading platform that shouldn’t be immediately trusted, until all the facts and blacklists are considered.

Broker status:	Unregulated Offshore Broker
Regulated by:	Unlicensed
Operating Status:	Active Online Trading Fraud
Known Websites:	vertexfy.com
Blacklisted as a Scam by:	CNMV, FI, CONSOB, IOSCO
Owner:	Pergame Solution LLC
Headquarters Country:	SVG
Foundation Year:	2022
Online Trading Platforms:	Web trader
Mobile Trading:	Not available
Minimum Deposit:	N/A
Deposit Bonus:	Not available
CFD Trading Option:	Yes
Crypto Asset Trading:	Yes – BTC, ETH, LTC, XRP, ZEC, NEO
Available Trading Instruments:	Forex, CFDs on Stocks, Indices, Commodities, Crypto
Maximum Leverage:	1:30 (starting)
Islamic Account:	Not available
Free Demo Account:	Available
Accepts US clients:	US clients are not accepted
Global Fraud Protection Experts’ Verdict:	Please consider choosing another site for safe trading, and contact us for help with withdrawals.

Business With No License

This trading portal is owned by Pergame Solution LLC, legally incorporated in SVG, as FSA, the local regulator confirms. The problem is in the fact that this regulator doesn’t oversee brokerage agencies in the country.

Because of that, this firm is blacklisted by CNMV, FI, CONSOB, and IOSCO. As our search through the reputable regulators’ databases shows, the company isn’t licensed by any Tier 1 authority.

That, along with the public warnings, brings us to the conclusion that this is a fraudulent entity with no fund safety ensured. Additionally, you won’t have access to the compensation scheme or negative balance protection.

Another such entity is Alpine Mining, so make sure you do your homework and thoroughly examine the legal backgrounds of the firms you intend to invest with.

Fake Ratings Score

The opinions of the trading community seem quite divided at first glance, as the company has a somewhat even distribution of positive and negative comments on online rating websites like TrustPilot.

In truth, the majority of these are fakes written by review seller networks. These are relatively easy to spot if you know what you’re looking for – they all follow the same script.

If we disregard the fakes, we can see that not many comments are left, and those that remain universally complain about being defrauded. If you find yourself among the people who were wronged by the Vertexfy scam, feel free to contact our legal experts and start a chargeback.

Seeking Victims By Phone

Many of these online frauds achieve first contact with their marks by phone, through boiler room agents. These agents are no strangers to some underhanded persuasion methods. This includes calling people multiple times late into the night and threatening until the victim finally cracks.

If the financial fraud wasn’t bad enough, these miscreants actively try to gain control over their marks’ data! Users complain that they were urged to install AnyDesk remote access software on their computer, followed by a specially made web browser widget from the site itself.

Areas Of Activity

The vertexfy.com domain was put online in December 2022, which is about a month after the parent company was incorporated in SVG. This online con is most active in the heavily regulated EEA, purposely to play on the people’s sense of financial safety.

The most heavily affected nations are these:

• Spain

• Austria

• Czechia

• Norway

• Sweden

Web Trading Limitations

It seems that the MT4 advertised as a primary choice of a platform remains just a falsely marketed product and is not actually available. The same goes for the mobile app – links to the stores are inactive.

Instead, you will have to rely on a simplistic web terminal, ridden of all advanced functions and analytical tools. While MT4 would have enabled you to build an effective trading strategy, this rudimentary software offers none of that.

Bear in mind the possibility of it being tampered with by the fraudsters that wish to manipulate you into investing bigger amounts of money.

Products To Buy And Sell

Since the website doesn’t precisely describe which tradable assets exist, we had to rely on the trader itself:

• Forex (EUR/USD, USD/JPY, EUR/GBP)
• Indices (FTSE, DAX, NASDAQ, ASX)
• Commodities (Coffee, Sugar, Gold)
• Stocks CFDs (Disney, 3M, Nvidia)
• Crypto (BTC, ETH, LTC, XRP)

Packages And Features

The three default choices for Vertexfy accounts are as follows:

• Standard
• Premium
• VIP

We could not determine what is the minimum amount expected from newly joined traders to invest, although some users report they were asked for a sum of $250. None of the account types includes any special features or any additional options. Not even the basic costs were revealed on the account comparison page.

Demo Account Available

Financial swindlers typically ask you to immediately invest in order to allow you to place orders. This one actually provides a chance to conduct trading based on the virtual margin of $25,000. Don’t forget that this trading environment may be entirely artificial, designed to make earning easy to convince you to invest.

No Clear Disclosure On Costs

Starting spreads of 1.4 Pips and starting leverage of 1:30 are only used to make it seem like the fee structure is well defined. Commission, on the other hand, either is or isn’t charged depending on the account type. There’s no data for the rate of commission to be found anywhere.

The same applies to the deposit fee, as it simply exists with no numbers attached. The withdrawal fee is 3%, but only in case funds are withdrawn from a dormant account – otherwise an undisclosed amount is charged from the latest deposit instead.

Dormancy fee of 5 € or £ is charged monthly after 6 months of inactivity, but the company can change this base currency to Indian Rupee at their sole discretion, which is another underhanded strategy.

Account Manager Controls Funds

Applying for a live account demands personal information sharing. Even then, you’ll have to wait on your dedicated account manager to contact you for anything related to money transfers. Since they insist on new registrants providing a phone number, we can assume that the majority of the scamming and convincing is done over the phone so the clues are concealed.

Our additional worry was that the legal documentation section contained no Withdrawal Policy that should reveal the steps of the procedure, fees and processing time.

Burned By A Scammer? We Can Help!

This Vertexfy is an offshore registered but unregulated online forex service provider. The main target area for these, most likely India-based fraudsters, is the EEA. The firm has a reputation of deceiving investors only to steal their money in a fashion similar to how Rockwell Trading runs things.

Recovering money lost on these online frauds requires help from a seasoned professional. Get in touch with our legal team via the live chat, and book your free consultation today.