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BTC VertexFX Trader

latest release: 1.2.1 ( 24th May 2021 ) last analysed  22nd November 2021 Not a wallet 
3.2 ★★★★★
21 ratings
1 thousand
24th August 2020

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The Analysis 

App Description

VertexFX Android mobile trader is used to trade Forex, Stock markets, bullion and commodities physically with ease.

Although its name is “BTC VertexFX Trader”, the BTC stands for “Bullion Trading Company” and not the ticker symbol for Bitcoin. It does not mention “Bitcoin” “Cryptocurrencies” or “crypto” in its app description page or on its homepage.

Its Terms also do not mention any cryptocurrency-related language.

It does mention CFDs, but not specifically for Bitcoin in its EULA

The way to deposit and/or withdraw is via Paypal

Verdict

This app does not have a wallet.

(dg)

Verdict Explained

This appears to not be a product to receive and send money.

As part of our Methodology, we ask:

Is it a wallet? If not, we tag it No Wallet 

If it’s called “wallet” but is actually only a portfolio tracker, we don’t look any deeper, assuming it is not meant to control funds. What has no funds, can’t lose your coins. It might still leak your financial history!

If you can buy Bitcoins with this app but only into another wallet, it’s not a wallet itself.