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VerumFX review

VerumFX


On-line since: 2015
Country of origin: Russia
Regulation: Financial Market Relations Regulation Center (FMRRC) – Russia
Payment options: Visa, Mastercard, Webmoney, Qiwi, Yandex.Money, wire transfer in rubles
Minimum account size: $100
Minimum lot size: 0.01 lot
Leverage: 1:50-1:200
Spreads: floating

About the company:

VerumFX is a Russian brokerage company founded in 2015. It defines itself as a company that functions according to the Western model, and offers its customers open and transparent cooperation. The broker is regulated by the Financial Market Relations Regulation Center.
The main advantage of VerumFX is the fact that all transactions are conducted on the interbank market level, so the company does not assume any risks. That way, you get access to the best market liquidity and can earn profit without intermediaries. Verum FX does not offer any bonuses to attract more customers nor does it provide refund services for deposit and withdrawal commissions. Therefore, the company follows the US and European Forex systems.
VerumFX offers its customers the most popular and convenient online platform used for currency trading - MetaTrader 4. Trading instruments include 57 currency pairs, 13 CFD futures, spot WTI, spot gold and silver.
All processes within the company – from registration to depositing and withdrawing funds – are automated and performed as quickly as possible. Moreover, professional 24/5 support is available to solve any issues that might occur.
Please leave your comments on VerumFX on this page. Real reviews will help other traders to choose their brokerage company.

VerumFX 8/10 (votes 4050)
Author of VerumFX: Formivel | Date 2021-06-30
I have been doing business with VerumFX about two years now and they are superior broker in overall. Platform and execution is best compare to current market. I observed very competitive spreads on major currencies during all the day. The rebate service is first-class for getting every bit of profit you can. Nothing to complain till now.
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Author of VerumFX: Alarin | Date 2021-04-22
I opened an account at VerumFX a month ago. So far, the experience is pleasant. This broker has been in business for less than a decade but they are able provide decent services. However, they still need a lot of improvement. For instance, their platform gets technical issues sometimes. Their customer support team are polite but they need to become more prompt in answering.
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Author of VerumFX: Bunthi | Date 2020-12-30
I stopped trading with VerumFX because I don't like their services. I was trading with them, and I got negative slippage also platform crashed all the time. I called their support, but that guy is useless. He told me that I don't know how to trade. The mistake is on their side, but that support guy keeps telling me it was my mistake. I have no idea what kind of broker is this, and they don't deserve to be called the best broker. They have bad customer support. So, no more with them. Now I'm looking for a broker with excellent customer support.
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Author of VerumFX: Junot | Date 2020-06-11
The unresponsiveness of the support team has become severe during the last months so I decided to just close my account. Spreads is also high, I got 19 pips spreads on my EUR/USD pair. This is terrible. I don't recommend this broker. I loss my benefit and try to find another broker.
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Author of VerumFX: Haksi | Date 2020-04-09
I start trading with VerumFX as a test purpose. It really sucks! Most of the time they increase spreads while trying close my deals, however they state that spreads are fixed. I never did more than 10 trades a day or more that 250+ trades a month, Exactly after one month they start rejecting my trades. I asked their live support about the trade rejections, but did not give me proper explanation. Awful broker. I'm moving on.
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Author of VerumFX: Fika | Date 2020-03-06
Verum Fx is the worst broker, which I have used. They are widening spreads even, they widened the USD/JPY spread to 10 pips, I have never seen that, and on a not so important news like existing home sales, imagine NFP. Last week without explanation and notification, my account is frozen and can not be accessed again. I have not withdrawn the profit but they can not be reached. I think to report this fraud. I have tried several brokers, and this is the worst broker I have ever known. I experienced a great loss in a very short time, which is only within 3 months. They keep blaming me for not getting profit. The one who should be angry here is me.
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Author of VerumFX: Yoid | Date 2020-01-16
VerumFX is a promising Forex broker because of its credentials. It is well-regulated and has garnered positive feedback from its clients. However, for a small trader like me, their floating spread is a bit too much. Since their spread is not fixed, there comes a time when the spread is too wide that it is almost impossible to profit. I think this is good for expert traders and big-time ones. It just doesn't suit my preferences.
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Author of VerumFX: Kim Ha Na | Date 2019-12-03
Verum's service is poor and platform execution is worst but I have a participant in the Verum. They didn't give me weekly $1,500 prize bonus on demo. Because I have fulfilled all their terms and condition on demo account. Besides In my five months trading experience on a live account, I have 30 trades and make $57 profit only by depositing $350. I found their main problem was slow execution and freeze platform. I saw on a forum that Verum hasn't any regulations. So now I have avoided this broker and suggest others to avoid them. But I tried to deposited another $400 with the hope that I will make back the lost money, and also to make some profit. I called also their managers to complain about the platform, the only official answer was that I need to reconsider my internet provider.
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Author of VerumFX: Zakaria | Date 2019-08-29
I have a bad experience with this broker. I used to work with their online platform nearly to one year. In fact, performance was good only during 6 months of trading period. I was great I could generated many profit by the MT4 platform within 1 month the additional income average was $700. But, after that, I worked on stock market option as to double up the profit. Supringsingly, the result was very bad where I never get any return from that activities. I contacted to customer support and reported about the loss but they don't respond and denied it was not their fault.
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Author of VerumFX: Piarex | Date 2019-07-25
I have worst experience with their live account. I put 700$ first and worked for a couple months, I made profit around $2000. When I tried to withdraw my total balance because of money urgency they blocked my account without no reason. Immediately I contact with their support but no response to emails and complaints on phone. This is a lesson learned not to trust these idiots!
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