Review VLOM
vlom.com/ Headquarters in St. Vincent & the Grenadines Open Live Account BEGIN item ContentsPros and ConsRegulationsAccount typesTrading PlatformsEducationSupportConclusion
Quick Look
VLOM is the online broker owned and operated by VLOM Ltd. which is a registered financial investment firm headquartered in Saint Vincent and the Grenadines. The broker was launched in 2019, and promises the safety of client funds and accounts, but is not regulated by any third-party agency.
It is most well-known for being a forex broker and provides its clients with excellent trading conditions for currency pairs as well as other derivative trading products. Taken all together clients can avail themselves of over 2,000 assets, including currencies, stocks, indices, and commodities. It also offers a variety of account types, which increase in the benefits offered and client suitability. This helps VLOM provide each of its clients with the best possible service, whether they are beginning retail traders, or experienced institutional professionals.
One downside for U.S. citizens is that VLOM does not accept the citizens or residents of the U.S. as its clients.
T1Markets Pros and Cons
Pros
Low minimum depositMetaTrader 5 is the desktop, mobile, and web platformFree educational resources
Cons
U.S. citizens and residents not accepted as clientsLimited research reports and asset analysis.No regulation
Broker Regulation
Even though VLOM is not regulated, it does ensure the safety and security of all clients and their funds. VLOM attempts to provide the same protections clients could find from regulated brokers. That includes segregating client funds from the firm’s operational capital. It also includes providing top-level data protections for all client and transactional data.
The servers used in VLOM’s business are all Secure Socket Layer encrypted to provide the strongest security layer for client data.
Additional safety measures taken by VLOM include:
256-bit SSL encryptionSegregated fundsRobust firewall shieldPCI level 1 transaction
Account types
VLOM tries to match client needs with account offerings by having seven different account tiers. That’s enough to have a significant difference between the lowest tiers, meant primarily for beginners, and the upper tiers that are meant for professional traders. Each tier adds new benefits, but beginners can get started with as little as $100 to open a Beginner account that gives them basic access to markets.
Each account tier has access to MetaTrader 5 and the customer service team at VLOM. They all receive multi-language support, fast reliable order execution, low market pricing, and what educational materials are available from the broker. Each account tier is also able to take advantage of a 0.01 minimum lot size and leverage up to 1:400.
Below are more details regarding the benefits of each account level:
BEGINNER
Minimum Deposit: $100
PLUS
Minimum Deposit: $20,000Educational materialsAccess to live signals
ADVANCED
Minimum Deposit: $50,000Access to advanced markets: StocksPersonalized account for daily trading
PREMIER
Minimum Deposit: $100,000Islamic accounts available
PLATINUM
Minimum Deposit: $500,000Personalized trading strategiesPersonalized analyticsPersonal account managerAccess to social trading
PLATINUM PRO
Minimum Deposit: $1,000,000Direct trading through specialist on exchange floorThousands of market products
VIP
Minimum Deposit: $10,000,000Invitations to VIP eventsAccelerated withdrawals
Trading Platforms
Because VLOM is concerned with putting the needs of their clients first they’ve contracted to offer the top-of-the-line trading platform – MetaTrader 5. This world-class charting and analysis application is available for desktop use, on mobile, and as a web-based application. It was designed with traders in mind and builds on decades of experience in delivering the tools and tactics traders want.
MT5 is the next generation upgrade from the MetaTrader 4 platform, and it has enhanced order management capabilities in addition to all the great technical analysis power that MetaTrader products have come to be known for. One outstanding feature of MT5 is its support for algorithmic trading through the use of customer scripts called Expert Advisors.
Here are some of the features you can expect from the VLOM MT5 platform:
Technical indicators with 21 timeframes and 80 analytical toolsAll asset classes under one trading accountVarious trading ordersAlgorithmic “robo” tradingCompatibility with every major desktop and mobile OSAlerts and trade notificationsMultiple chart analysis optionsFlexible trading supporting two market order types and six pending order types
Available Assets
VLOM brings access to over 2,000 different assets to its clients, which is enough to satisfy any trader. VLOM does not currently offer trading in any of the newest asset class of digital currencies.
Here are the asset classes available at VLOM:
100+ Currency Pairs20+ CommoditiesEnergies & Metals200+ Stocks20+ Indices
Education and Research
There are plenty of educational materials available to the beginning trader and the public at VLOM, which was very nice to see. To gain access to even more training and educational materials offered by VLOM traders must move up to the PLUS tier or above. Of course, that requires a minimum deposit of $20,000, which might be more than some traders are planning on depositing for their market trading.
With that in mind it was nice to see such a complete offering of free educational materials.
Customer Service
VLOM’s has customer support available 24/5, which is in-line with industry standards. The customer service team can be contacted via telephone, online chat, email, and Messenger. They do not have an online form though, which is not really a big deal since those simply go to email anyway.
We contacted the support center with some basic questions and while the responses were professional and accurate, we found nothing spectacular about the support given.
Phone: +18442214335
Contact page: https://vlom.com/more/support
Email: liuvesupport@vlom.com
In Conclusion
We are impressed with the offerings at VLOM, and especially the inclusion of MetaTrader 5 as the trading platform. The trading tools provided are an excellent benefit for all levels of traders. It was also good to see the rising tiers of accounts, although it might be good if there was not such a huge jump from the basin beginner’s account to the next level. The large library of educational materials was also a nice touch from a broker that is fairly new to the online trading ecosystem
Other things we would like to see are a demo account. Regulation for the broker would also be a good step in the right direction, but it is good that they already offer many of the same benefits regulation would provide, such as segregated accounts and data center security measures.
VLOM is a solid broker whether just starting out, or for those with extensive trading experience. The broad variety of assets offered ensures there is always a market to trade at VLOM.
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