Based in the United Kingdom, Vaultoro is a full order book exchange that allows traders to buy and sell physical gold with Bitcoin and other cryptocurrencies whilst charging no trading fees. They provide traders with a range of trading tools, educational resources, and a client support team.
Vaultoro Review, Pros & Cons
- An intuitive web-based trading platform
- A range of trading tools
- Educational resources
- Unregulated exchange
- No MetaTrader trading platforms
- Limited financial instruments
- Limited funding options
- No live chat support
- No USA clients
In this detailed Vaultoro review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Since its launch in 2015 in the United Kingdom, Vaultoro has grown into an established crypto exchange where people buy gold with Bitcoin. They have over 20,000 registered customers in more than 95 countries and still counting, and over $143,000,000 worth of gold have been traded so far. They use two-factor authentication to secure traders’ accounts whilst offering no trading fees. Traders also benefit from a range of trading and learning tools, as well as a reliable client support team.
The Exchange tries to ensure optimal security of clients’ assets by providing multi-signature hot wallets and un-hackable offline cold wallets. However, there is no regulatory information on the Exchange’s website at the moment. Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
Vaultoro offers its services to clients from over 95 countries where the use of such services does not contradict any local law or regulation.
Some Vaultoro features and products mentioned within this Vaultoro review may not be available to traders from certain countries because of legal restrictions.
Vaultoro provides traders with a web-based trading platform that can be accessed directly from its website without needing to download or install any additional software.
Vaultoro Trading Tools
The Exchange provides traders with some useful trading tools, including Market Analysis, OTC Trading Desk, and the Vaultoro Trading API, which unleashes the creativity of programmers around the world to build solutions for the unbanked and underbanked to accept bitcoin without the volatility, by hedging it with gold.
There is a vast array of educational resources on the Exchange’s website, and they include blogs, video tutorials, news, articles, and an FAQ section, offering quick answers to traders’ most common questions.
The Exchange offers Bitcoin, DASH, and other crypto-assets for exchange with gold.
Vaultoro Accounts & Fees
Vaultoro allows traders to open a live trading account to begin trading.
As broker fees can vary and change, there may be additional fees that are not listed in this Vaultoro review. It is imperative to ensure that you check and understand all of the latest information before you open a Vaultoro broker account for online trading.
The Exchange’s client support team is available at all times to respond to clients’ inquiries via telephone, email, support ticket, and social media.
Vaultoro Deposit & Withdrawal
Clients can deposit and withdraw funds to and from their trading accounts using various cryptocurrencies.
Vaultoro Account Opening
To open an account, click on the ‘Register’ button at the top left corner of the website and provide the requested information. Then hit the Create Account button to continue.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Vaultoro is an online financial services provider that allows traders to buy and sell gold using digital currencies. They allow traders to enjoy a hitch-free trading experience by providing them with trading tools, learning materials, and reliable support service. However, they are unregulated, which could deter most potential traders from opening an account with them.
Trading carries a high degree of risk, and may not be suitable for all investors. Before you decide to trade, you should always consider proper education and risk analysis. By trading, the possibility exists of both substantial losses and gains of your investments. You might lose some or all of the initial deposit and investments, and therefore, you should not day trade cryptocurrencies, tokens, or precious metals that you can not afford to lose.