Helen always knew that her passion for journalism was more than just a hobby. It was a potential career. She began her professional journey at a local newspaper in the small town where she was born. Writing on a variety of topics, from local news to financial reviews, her persistence and investigative talent soon caught the attention of editors at larger publications. We are thrilled that Helen accepted our offer and now writes for fincapital-reviews. Her exposés always create a buzz. Sometimes, we think Helen could easily open her own detective agency.
If you were looking for an honest broker and happened to come across VestoFX, this is the right moment to stop and read this review. We are about to uncover what stands behind the flashy banners, polished promises, and a freshly registered domain that already raises questions. It is simple here: either we are dealing with a legitimate brokerage service, or yet another scam disguised as a reliable platform.
On the surface, the official VestoFX website looks like a one-day broker. Low-quality design, pseudo-content, stock images from the internet, and other shortcomings.
Expensive suits, business centers, premium-class cars — the standard set of images fake brokers love to use when they try to look “respectable”. This is not the style of a serious company. It is a promotional poster created to make clients believe in wealth and success the broker does not actually have.
The top menu consists of three sections: Markets, Learning, and Account. Each section includes several subsections, but there is no legal page, no about us page, and none of the essentials. They are moved to the bottom. On the right, there is a language switch button, along with login and registration. Overall, everything is standard, but with minor inconveniences.
The FAQ and learning materials are filled with generic, template lines such as “Follow your strategy” and “Control your emotions”. No methods, no tools, no references to real analytical data.
The website has no:
Most of the text on the site is just a collection of phrases like “Unlock your financial freedom”, “Trade like a professional”, and “We create new opportunities”. It is textual garbage.
Contact information is extremely limited. VestoFX offers a phone number, an email, and an online chat. Normally, large companies have multiple emails and phone numbers for different purposes (verification, withdrawals, customer support). In addition, responses in the online chat take too long, and sometimes questions remain unanswered entirely.
The trading conditions at VestoFX immediately stand out because they strongly resemble those of other fraudulent platforms. The company offers four account types. Every “upgrade” is available only to those who deposit more money — not just more, but tens of times more. The minimum deposit on the basic account is 250 dollars, then it jumps to 25,000 dollars, then to 100,000 dollars, and finally to an absurd 250,000 dollars.
Spreads depend on the account type. In other words, the higher the account level, the better the spreads. However, this requires a much larger deposit. On the lowest-tier account, the spread starts from 3 pips. This is a classic technique for squeezing money out of traders.
The website states “0% commission”, but this is a typical wordplay. The commission is simply hidden inside inflated spreads and can be “activated” at any moment. There are no rollover terms, no clearly defined swaps, and no information about inactivity fees. The lack of this data allows the company to add fees only after a client deposits a significant amount.
Moreover, zero commissions imply a business model with a built-in conflict of interest. The broker profits from client losses. The company benefits when traders lose their deposits. Only in that case does it earn money.
Next, we need to look at the more critical details: licenses and legal information. The broker proudly displays the South African license number FSP 51766 and states that the platform is operated by Fairmont Financial Services (PTY) LTD. If you open the FSCA registry, this company does exist there with the status “Authorised Financial Service Provider”. However, there is no evidence that this organization is connected to the broker in this review.
It gets even more interesting. On the CySEC website, there is indeed a Cypriot company called EVBX LTD (formerly Vstar & Soho Markets LTD) with license number 409/22 and an office in Limassol. It has a list of approved domains, and there is only one address: vestofx.com/eu. This means CySEC recognizes only that domain as the official channel of the licensed broker. The domain vestofx.net, the one used by the company we are analyzing, does not appear in the registry at all. For the regulator, these are two different worlds: there is a licensed Cypriot firm with a clearly defined website, and there is a separate domain with a similar name that is not tied to that license.
For a trader, this means one simple thing. All of the talk about being a “regulated broker” is based on two external legal records: one South African company and one Cypriot. However, official registries do not confirm that vestofx.net, and this particular brand, operates under those licenses.
The FSCA does not list this company as a trading name of Fairmont Financial Services (PTY) LTD. CySEC does not associate the domain vestofx.net with EVBX LTD and only approves vestofx.com/eu. As a result, the client is dealing not with a transparent regulated platform but with a site that hides behind someone else’s documents.
There are very few reviews of the company online. Most of them are positive, but they started appearing only recently. Moreover, they are fake because there is not a single piece of evidence showing that the platform actually allows users to earn and withdraw money.
VestoFX presents itself as a licensed broker but operates through a newly registered domain and hides behind documents belonging to other entities. Its trading conditions are structured to extract as much money as possible from clients, and transparency is entirely absent. Reliability is nonexistent, and the risk of losing your deposit is extremely high.
I also believe this is a fake. There are suspiciously few reviews online! I read several negative ones that describe in detail how this company is a scam. I trust them. And I want to warn anyone thinking about dealing with this platform. It is not worth the risk! This fake broker can easily deceive you and take your money.