VertexGate is yet another scam broker offering “Smart & Easy Online Trading.” It doesn’t waste many words describing its advantages but boasts about its high-class trading platform, promises exclusive support, and claims to provide the best educational and analytical materials. However, its minimalistic approach won’t make it look better than it actually is. We firmly believe that this platform is designed solely for losing money. Here’s why we consider it a scam.
Key Features
- Company Name: VertexGate
- Website: https://vertexgate.com/
- Available Contacts: [email protected], [email protected]; +441277282822
- Foundation: 2024
- Services: Forex/CFD trading
- License: No
- Initial Deposit: $250
From Sign-Up to Payout
In our opinion, the company’s official website deserves an award for being one of the most useless resources on the internet. Even calling it “informational” would be a stretch, as it contains almost no information at all. The homepage consists of an unclear banner, a description of a referral program, and overly positive reviews seemingly written by the company’s own staff. Is this really what visitors expect to see?
Even the main menu lacks logic. Could you guess that the FAQ section is hidden under “Tools,” while “Brokerage” contains links to “About Us,” contact information, and reviews? Or that “Investment Portfolio” leads to the trading platform? We couldn’t, but the creators of VertexGate don’t seem to mind.
A rather unpleasant surprise awaits those who attempt to open a trading account. We could overlook the fact that the text is hard to read or that regulated brokers request much more personal information. But the real issue is that completing the process independently is impossible. After filling out and submitting the form, users receive a message: “We have received your request, see you soon!” That’s it — “soon” could take forever.
Since account opening is blocked, it’s difficult to assess deposit and withdrawal methods or the commissions clients may have to pay. However, the absence of company payment details should immediately raise concerns for experienced traders. As usual with scammers, payments are likely accepted through drop accounts, personal bank cards, or crypto wallets, with exact instructions provided only by support agents.
Our Trading Experience With VertexGate
As you might have guessed, we were unable to obtain a working account. However, that didn’t stop us from exploring the broker’s trading terminal, which is available in a stripped-down version.
For beginners, the terminal may look quite solid, which is probably its only real advantage. However, experienced traders can instantly recognize it as a platform frequently used by scammers. Here are some of its major drawbacks:
- The trading window only displays a single price chart — there is no multi-chart mode.
- The market overview is poorly designed, making it difficult to find the necessary ticker.
- One-click trading is not available. While buttons are placed within the chart area, executing a trade immediately upon clicking them is not possible.
- Chart settings and general terminal configurations are not saved, requiring manual adjustments at the start of each session.
- Connection quality is poor, with the terminal losing connection approximately every 10 minutes, even when the window remains active.
Clearly, trading on such a platform is both inconvenient and costly due to delayed market reactions. However, for VertexGate, this setup is ideal — trader losses mean direct profits for the broker, and with this software, it can grab entire deposits without obvious violations.
We would like to say that the broker offers attractive trading conditions, but the truth is — we know almost nothing about them. The only available information on the website is a brief description of the six account types:
- Basic. Minimum deposit of $250, spreads from 1.5 pips, leverage up to 1:100.
- Silver. Minimum deposit of $10,000, same conditions as Basic.
- Gold. Minimum deposit of $50,000, additional features included.
- Platinum. Minimum deposit of $100,000, spreads from 0 pips, leverage up to 1:300.
- VIP. Minimum deposit of $250,000, spreads from 0 pips, leverage up to 1:300.
- Vertex Club. Minimum deposit of $1,000,000, details available only through a personal manager.
Holders of the last two account types gain access to VertexGate’s VIP program, which is promoted on a separate page. However, no details about the program are disclosed to the public — only wealthy traders are given information.
In short, potential clients of VertexGate will see many additional features that appeal to beginners. But in reality, they are unlikely to receive anything from this list. The trading conditions remain a mystery, meaning that those who choose to work with this broker will be buying a “pig in a poke,” figuring things out only as they trade. Given our experience with the company’s website, we were expecting nothing less.
The Reality Check
When presenting information about itself, the broker kept the About Us page brief, consisting of just a couple of short paragraphs. Notably, it failed to mention any company registration details. Where the company was founded and under which jurisdiction it operates remains a mystery. The only place where we found a reference to this was in the Governing Law section of the Terms & Conditions, which states that “relations between the parties are governed by the legislation of saint vincent and the grenadines” (syntax preserved from the original source).
To clarify, the spelling mistake in the country’s name was not ours — it was made by the broker itself. This isn’t a minor issue but a clear demonstration of the broker’s competence level.
As expected, our search in the SVGFSA registry yielded no results. This was hardly surprising — legitimate brokers have no reason to hide their origins, registration details, or licenses. Only scammers attempt to conceal (or rather, omit) such information.
A search in the Open Corporates database also came up empty. No company named VertexGate (in any spelling variation) exists among the 222+ million firms in its records. These findings allow us to conclude that the broker is not officially registered anywhere.
However, we did uncover something else. The original text on the broker’s website suggests that it is a clone of another broker’s site — KingtonGates. Apparently, one scam project wasn’t enough for them, so they created a second one to extract more money from unsuspecting novice traders. This is undeniable proof that we are dealing with fraudsters.
How Long Has VertexGate Been in the Game?
Let’s now examine how long the company has been operating. The broker does not provide this information, so we turned to WHOIS domain registration data.
It turns out that the domain vertexgate.com was registered only at the end of December 2024. In reality, the broker’s website has been active for just a month. This fully explains why it looks like an unfinished, low-effort project.
Extra Fraud Indicators
Typically, a broker that has been operating for just a month wouldn’t have had enough time to accumulate many user reviews. However, VertexGate is trying to convince us otherwise — there are already numerous VertexGate reviews online (15 on Reviews.io and another 11 on HelloPeter). As you might have guessed, the overwhelming majority of them are positive.
You don’t need to be a genius to figure out what’s happening here — all of these comments were clearly paid for by the project’s owners. After all, paying for a good reputation is much easier than running an honest brokerage. At least, that’s how scammers see it.
Professional analysts from trading and investment platforms don’t share this view. They have objectively assessed VertexGate and reached a unanimous verdict: this is a scam broker, and no one should send money to it. We fully agree with that conclusion.
Is VertexGate the Right Fit?
Based on our VertexGate review, the broker has made it abundantly clear that no one should do business with it. This pseudo-company exists only online, operates without registration or licenses, and conceals all information about itself, including payment details and trading conditions. The conclusion is straightforward — this is nothing more than a scam. Depositing funds with this broker means losing your money.
I wouldn’t recommend dealing with this scam project. VertexGate doesn’t even have a proper backstory – it just popped up recently and is trying to disguise itself as a broker. I deposited the minimum $250, and soon they started persuading me to upgrade my account. That’s when I got suspicious. But when my trades began performing well and I repeatedly refused their upsell attempts, my account was simply blocked. The scammers realized that: 1) I wasn’t going to give them more money, and 2) I would try to withdraw my profits. Learn from others’ mistakes and stay away – it’s in your best interest.
Never believe what these scammers at VertexGate claim. They think they can quickly cash in on naive beginner traders. Pay close attention to fees, as in some cases, they deduct as much as 10% from transactions! And then there are extra charges for insurance, taxes, service fees, etc.
I contacted support twice, but they completely ignored my complaints. Meanwhile, they kept draining money from my account. I will stop working with this broker, and I strongly advise you not to start.