VAST

VAST is a retail forex and CFD broker that was founded on 24 May 2021. The broker is registered in the United Kingdom, though its official registered address is in Burlington, Ontario, Canada. There is limited publicly available information about the company's operations or corporate structure, which adds to the caution required when considering this broker.

According to internal records, VAST offers trading in foreign exchange, precious metals, commodities, and CFD products. The broker provides a single account type with a comparatively high minimum deposit of 1,000 US dollars, suggesting it targets traders with larger capital. The maximum leverage offered is 1:100, which is moderate compared to industry standards.

Critically, VAST does not hold any regulatory licences from recognised financial authorities. The absence of regulation is a major red flag for traders, as it means there is no independent oversight of the broker's operations, client fund segregation, or dispute resolution mechanisms. FXCanary's scam risk score for VAST is 75 out of 100, classified as 'Severe', reflecting the high level of risk.

Without a regulatory licence, clients have limited recourse if issues arise, such as withdrawal delays or unauthorised trading. Traders are strongly advised to verify any claims of regulation independently and to consider the implications of trading with an unregulated entity. The broker's registration in the UK does not imply FCA authorisation, and its Canadian address does not indicate oversight by the Investment Industry Regulatory Organization of Canada (IIROC).

VAST offers only one account type, the Standard Account, with a minimum deposit of 1,000 US dollars. This is a high entry barrier compared to many brokers that offer accounts starting from $100 or even less. The maximum leverage available is 1:100, which is standard for unregulated brokers but still carries significant risk.

There is no information about additional account tiers, such as Islamic accounts, demo accounts, or VIP programmes. The fixed leverage suggests that traders cannot adjust their risk exposure beyond the provided level. The high minimum deposit may limit accessibility for retail traders with smaller capital.

The broker's product offering includes foreign exchange pairs, precious metals (such as gold and silver), commodities (like oil and natural gas), and CFD products on various assets. This range is typical for retail forex/CFD brokers, though the exact number of instruments or specific product details are not disclosed in the known facts.

CFDs are complex financial instruments that carry a high risk of rapid loss due to leverage. The combination of leverage and unregulated status amplifies the potential for losses exceeding the initial deposit. Traders should ensure they understand the specific contract specifications, spreads, and swap rates before trading.

VAST presents itself as a forex and CFD broker with a moderate leverage offering and a high minimum deposit. However, the lack of regulatory oversight and the severe scam risk score make it a highly speculative choice. The limited public information about the company's background and operations further compounds the uncertainty.

Traders considering VAST should exercise extreme caution. It is advisable to only trade with funds one can afford to lose and to prioritise brokers with solid regulatory frameworks. The absence of independent reviews or transparent operational history means that verifiable information is scarce, and the onus is entirely on the trader to conduct due diligence.