Vistova Review: Overview
Vistova, a recently founded trading company established in 2023 with its headquarters in Saint Lucia, provides a variety of financial services. It is crucial to highlight that Vistova operates without regulatory oversight.
Given that numerous traders may not be adept at identifying potential issues with Vistova, our candid Vistova review aims to assist you. A thorough examination of the company’s website will promptly bring to light several inconsistencies.
Website – https://www.vistovamarkets.com/
Address – Golden Eyes Business Center, Al Muteena Area, Deira, Dubai, UAE
The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia
Regulation Status – Unregulated
Warning – Not recommended by review website like All Scam Reports
Vistova Review: Domain Age –
|June 13, 2023
|7 months, 19 days, 2 hours, 54 minutes, 12 seconds
Is Vistova legit or a scam broker?
Except for operating under a Common Financial Service Licence, Vistova Markets Limited is not authorized by or subject to the oversight of any official financial regulatory body. It is imperative to emphasize that the company’s official position is unauthorized and that its regulatory status is anomalous.
Vistova states on its website that it is registered in Saint Lucia. But after close examination, nothing similar turned up in the Financial Services Regulatory Authority files. Additionally, a different address in the United Arab Emirates is given. Following an examination, the SCA, the CBUAE, and the DFSA did not have any records that matched.
Vistova ‘Individual Account’: The only option
Vistova provides a sole account type referred to as the “Individual account.” Traders can choose to open and manage this account, specifically designed for individual investors. Nevertheless, it’s crucial to highlight that Vistova does not offer multiple account options or tiered structures, potentially restricting the flexibility for traders with diverse preferences and trading styles.
Vistova Review: Trading Conditions
It’s crucial to note that this investment firm does not disclose any trading conditions. Fortunately, our Vistova review will shed light on its significance. Firstly, let’s consider leverage. In regulated firms, the maximum leverage typically reaches up to 1:50, primarily due to the elevated risk associated with higher leverage.
For non-professional traders, anything exceeding 1:50 leverage should raise concerns. Additionally, if the company conceals fees and commissions, there’s a possibility they may impose these later, often when customers attempt to withdraw funds. Moreover, while taxes should indeed be paid, they should not be directed to the company itself.
Withdrawal Issues and Customer Complaints
As more individuals invested in Vistova Markets, withdrawal issues started to surface. Investors faced difficulties when attempting to retrieve their funds, and customer complaints began to flood online forums and review websites. The scam’s operators employed various delaying tactics, such as requesting additional documentation or citing technical issues, to prevent investors from cashing out their supposed profits.
Vistova Review: Customer Support
Evidently, the company offers support around the clock on business days, providing customers with both phone and email contact options. But the reliability of their assistance raises questions. It’s essential to note that the company is unlicensed, casting doubt on the prospects of their assistance.
Vistova Review: Conclusion
This company lacks any semblance of credibility. To begin with, it operates as an offshore brokerage without any regulatory oversight. Additionally, their website is poorly designed, providing minimal information about trading details. Lastly, the absence of disclosed legal documents or withdrawal policies raises significant concerns.
If you’ve been a target of a Vistova scam or any other fraudulent activity like Forex scams, Cryptocurrency scams, or Binary scams you have the option to take action by submitting a complaint against the deceptive broker. Begin the process by filling out a complaint form on our All Scam Reports website. Our experts are ready to offer a free consultation to guide you through the fund recovery process.
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