BROKER REVIEW

Comments Rating 4.96 (13 reviews)

GENERAL INFORMATION

Broker Name:

VLOM

Broker Type:

Saint Vincent and the Grenadines 

Operating since year:

2019

Regulation:

Address:

St. Vincent, Ratho Mill, VC0000 Kingstown, Saint Vincent, and the Grenadines

Broker status:

Active

CUSTOMER SERVICE

Phone:

+18442214335

Languages:

English

Availability:

24/5

TRADING

Trading platforms:

MT5

Trading platform Time zone:

GMT +2

Demo account:

NO

Mobile trading:

YES

Web-based trading:

YES

Bonuses:

N/A

Other trading instruments:

YES

ACCOUNT

Minimum deposit ($):

$100

Maximal leverage:

1:400

Spread:

Floating

Scalping allowed:

No

General Information

VLOM is a new broker that started its operations in 2019. The freshness is certainly reflected in the minimalistic and sleek design of VLOM’s website.

The broker is based in Saint Vincent and the Grenadines. The exact address of their offices is St. Vincent, Ratho Mill, VC0000 Kingstown.

Once you open up VLOM’s website, you’re likely to notice how pleasant it looks and how smooth it runs. One of the major improvements newer brokers have made over older ones is exactly that, website design. Not only does it look attractive and run well, but getting the info you need is quite a simple task.

You’ve certainly experienced the difficulty of obtaining information with some older brokers. The thing you’re looking for often requires navigating through multiple pages, or extensive searching. In the end, you might give up before figuring out what you want to know out of pure frustration. With VLOM, however, there are no such issues, as anything you need to know is just a few clicks away.

 

 But as we all know, convenience doesn’t necessarily result in a great service. Ther are many brokers out there that look great but are little more than a scam. We assure you that’s not the case with VLOM, and to back that up, we’ve prepared a list of some of the broker’s best qualities:

        
VARIETY

One of the strong points of VLOM’s service must be how
variable and customizable the trading experience is. With seven account types,
and asset numbers reaching four digits, you’re certain to avoid the boredom
that sometimes comes with trading. You’ll be able to customize your experience
and trade on your own terms.

In addition to that, a greater variety of choices means your
choice quality can go up. You’ll always be able to pick the best of the best
and get ahead of the competition.

·        
BONUSES & AWARDS

VLOM organizes various promotions that often carry valuable
awards or bonuses. For example, at the time of writing, the broker is giving
away a free apple product to customers that meet a specific standard. Bonuses,
although they don’t make up a huge part of your trading experience, can provide
a significant boost in both morale and finances. On top of that, they show that
the company actually cares about putting out a high-quality service rather than
earning a few quick bucks.

·        
COMPLETE EDUCATIONAL COURSES

 

While courses that help new traders take their first steps
have become the norm, VLOM went way beyond that. They’ve organized courses with
each containing multiple lessons, with videos to ease the studying process. The
sessions are split into levels, so there’s no confusion on where to start. On
top of that, they’ve also made multiple eBooks available through their website,
all of which you can access for free.

 

 

That’s not even all, as there’s a glossary if you want to learn or remind yourself of the meaning of certain terms. Finally, there’s the analysis section, which helps you both learn how to analyze the market and utilize helpful tools. 

Funds Trading and Security

VLOM’s security is entirely adequate, especially when you consider the fact that they’re a new broker. Their website is encrypted, ensuring the data you send and receive can’t be interrupted by hackers. VLOM’s reputation is also entirely clear as far as we could tell, as our search for serious complaints ended up finding nothing. The way they organized their website and info is entirely apparent, which is a good sign of trustworthiness.

 

As long as you follow the rules outlined in VLOM’s terms and conditions, we don’t see you having any trouble. 

Trading Accounts

While VLOM doesn’t have a demo account option, the lowest
account type only requires an investment of $100. For someone with the intent
of trading seriously, that shouldn’t be something that stops you from trying
out a new service that you’ll potentially end up using long-term. That’s
especially true since VLOM took an unorthodox approach with their account
typing.

Namely, the lowest and highest account types have minimal
differences as far as their trading conditions. That means no matter if you
invest 100s or 10000s of dollars, the likelihood of you earning money stays
more or less the same. You won’t feel like you’re at a disadvantage just
because you’re trading on a budget. However, progressing through account types
does give different kinds of commodities.

 

The
extra features you get cover a wide range of luxury, ranging from additional
analytics to social trading tools. However, there’s nothing that makes you need
to upgrade. That strikes a sweet spot, where you can move on to the next
account type when you want to, without feeling 
pressured to do so. Account upgrades, in our opinion, should always be treated as a luxury and not a necessity.

Here are the account types you can get, as well as some of the features that follow them:

    • BEGINNER

    Minimum deposit $100

    Lot size: 0.01

    Leverage: 1:400

    Range of Markets

    Multilingual Support

     

    • PLUS

    Minimum deposit $20000

    Lot size: 0.01

    Leverage: 1:400

    Range of Markets

    Multilingual Support

    Educational Tools

    Live signals

    Access to the Advanced List of Market Instruments

     

    • ADVANCED

    Minimum deposit $50000

    Lot size: 0.01

    Leverage: 1:400

    Range of Markets

    Multilingual Support

    Educational Tools

    Live signals

    Access to the Advanced List of Market Instruments

    Personalized Account

    Access to Trading with Individual Stocks

     

    • PREMIER

    Minimum deposit $100000

    Lot size: 0.01

    Leverage: 1:400

    Range of Markets

    Multilingual Support

    Educational Tools

    Live signals

    Access to the Advanced List of Market Instruments

    Personalized Account

    Access to Trading with Individual Stocks

    Individual Charts and Personal-Oriented Analytics

    Islamic Accounts

     

    • PLATINUM

    Minimum deposit $500000

    Lot size: 0.01

    Leverage: 1:400

    Range of Markets

    Multilingual Support

    Educational Tools

    Live signals

    Access to the Advanced List of Market Instruments

    Personalized Account

    Access to Trading with Individual Stocks

    Individual Charts and Personal-Oriented Analytics

    Islamic Accounts

    Development of A Personal Trading Strategy

    Social Trading

    24/7 Support from Personal Account Manager

     

    • PLATINUM PRO

    Minimum deposit $1000000

    Lot size: 0.01

    Leverage: 1:400

    Range of Markets

    Multilingual Support

    Educational Tools

    Live signals

    Access to the Advanced List of Market Instruments

    Personalized Account

    Access to Trading with Individual Stocks

    Individual Charts and Personal-Oriented Analytics

    Islamic Accounts

    Development of A Personal Trading Strategy

    Social Trading

    24/7 Support from Personal Account Manager

    Individual Direct Communication Line

    Special Swap Account

     

    • VIP

    Minimum deposit $10000000

    Lot size: 0.01

    Leverage: 1:400

    Range of Markets

    Multilingual Support

    Educational Tools

    Live signals

    Access to the Advanced List of Market Instruments

    Personalized Account

    Access to Trading with Individual Stocks

    Individual Charts and Personal-Oriented Analytics

    Islamic Accounts

    Development of A Personal Trading Strategy

    Social Trading

    24/7 Support from Personal Account Manager

    Individual Direct Communication Line

    Special Swap Account

    Invitations to VIP Events

    Accelerated Withdrawal of Funds

Trading Conditions

As we already said earlier in our VLOM review, even the base trading conditions are great, and they only get better with the luxury of higher account types. A competitive 1:400 leverage and the tight spreads the broker provides pair well with the quick execution speeds resulting in increased trade accuracy.

The complete trading course and analytical tools also serve to boost the rest of the conditions, as skilled traders are, naturally, more successful. The withdrawals and deposits are quick, and you can speed them up even further by reaching higher-tier accounts. Safety isn’t an issue, as VLOM seems quite trustworthy.

 

Even disregarding the fact that VLOM is new and will surely evolve rapidly, the quality of their service is indisputable. The trading conditions rival even the biggest firms on the market, and we’re eager to see how they evolve.

Trading Platform

It’s a recent trend for new brokers to develop their own trading software and use that instead of more standard variants. However, proprietary platforms are often clunky, miss key features, or, even worse, have gaping holes in their security. Not all of them turn out bad, but few are successful in creating functional and smooth software. That’s why we’re glad VLOM went with a much more standard option in MetaTrader5.

 

The platform provides unrivaled analytical tools, coupled with the ease of use that allows new traders to get started quickly. In addition to that, there are two convenience features that allow you to trade wherever you find yourself to be. The web-trader allows for download-free access from any desktop device, while the mobile app you can download for free lets you use your phones or tablets to trade.

VLOM's Trading Products

VLOM has an impressive variety when it comes to the assets you
can trade. Namely, when you add everything up, you get over 2000 products.
Needless to say, that’s way above what’s standard, and you’re certain to find
your preferred trading product. Here are the asset categories you can expect to
see at VLOM:

  • Currencies
  • Commodities
  • Digital currencies
  • Stocks
    and indices

 

 

Customer Service

 

VLOM’s support operates in a nearly identical way as it does with most brokers. There are three ways you can reach them, a phone line, email, and live chat. The regular customer service team works 24/5. The innovation, however, is that customers with better account types get personalized support that works around the clock.

 

Phone number: +18442214335

 

Email: [email protected]

Conclusion

 

While VLOM has a few flaws in their game, their service is quite amazing for the short time they’ve been operating. As-is, they’re capable of rivaling established companies with their general trading conditions and numerous assets, as well as luxury from the higher account tiers. In certain regards, such as education and variety, they even beat out most prominent names in the trading world.

 

VLOM is a good all-round broker with a balanced service, so we’d recommend everyone to at least try them out. On top of that, their rapid evolution promises great things in the future, so we’re eager to see how the broker moves forward.

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