Name of Broker – Vitacapitals
Website – https://vitacapitals.com/
Regulated By – Claims to be regulated by Monetary Authority of Singapore
Warning Issued By – Monetary Authority of Singapore (Singapore)
Vitacapitals Domain Status
Domain Name vitacapitals.com
Date Registered August 04, 2021
Domain Age 10 months, 10 days, 21 hours, 35 minutes, 53 seconds
The era of the internet has made people habitual of getting the benefits at the earliest. This sometimes leads people to ignore the harmful effect of the online world. There are so many online platforms that enable you to gain endless information and profits from them. One such platform to earn a higher yield is online trading. A number of investors whether new or experienced, with little or no knowledge, are curious and trying their hands on online trading, without realizing the genuineness of the trading platforms and trading market.
One of the major drawbacks here lies is the scam done by scam brokers who can be any Scam Forex broker, Scam Cryptocurrency broker, Scam Investment company, Romance/Dating scammer, Pet scammer or any type of scammer. These brokers have a unique yet common way of finding their victims either through cold calling, creating fake websites, or a pop-up advertisement. There have been proofs of scam activities done by Vita Capitals broker as All Scam Reports Team has done a thorough investigation.
Vitacapitals Review: Introduction
Vitacapitals is an unmitigated false scheme that claims to be a forex and CFD broker. The site claims to be an approved firm to offer trading and investment services. This Vitacapitals review makes will show you how these claims are false. The trading that Vitacapitals professes to offer is imaginary, and the lack of transparency on its site shows the broker is definitely involved in some suspicious scam activity.
The broker claims to be registered in the Monetary Authority of Singapore, but when we checked the database of MAS we found that Vitacapitals got a warning from MAS for showing fake license and regulation proof. Getting a warning from such a regulator makes this broker unsafe for trading and investment. Read about more scam activities done by this broker in this Vitacapitals review.
How do you find whether Vitacapitals broker is scam or legit-
When you are looking for a trade, it is immensely important to identify a broker that is reliable and legit. But, there are some reasons why we have tagged this Review in our scam broker 2022 list of scam brokers.
Vitacapitals Review: Regulation Status
The regulation status of a broker is one of the most critical points while choosing the right broker. Here, this broker seems not to be regulated in its jurisdiction of operation and is indulged in scam activities. There is a high possibility that the broker has been warned by reputed regulation authorities like CySec, ASIC, FCA, CNMV, FINMA, etc. Warning issued by any of these authorities clearly indicated that the broker is not a good fit to invest your hard-earned money with.
Vitacapitals Review: Complaints Against Vitacapitals Broker
A number of complaints and negative Vitacapitals reviews have been found on various online review sites. A low rating on several online platforms makes it clear that the broker has a negative reputation among the investors. The investors have accused them of being scam brokers and state how they have been victims of the Vitacapitals scam and lost all their money and efforts to them.
Vitacapitals Review: Leverages and Accounts
The genuine brokers that are operating in the market often require low deposits as high deposits are not in the favour of the regulatory bodies. Whereas, this broker tends to charge a huge deposit amount that is a major red flag to avoid moving further with your investment journey. The same criteria goes with leverage, as the leverage offered by legit firms is low and in small amounts. Whereas, the broker tends to offer high leverage, shaping it as a scam broker.
Vitacapitals Review: Final Thoughts
All Scam Reports Team advise the user to avoid investing here, as we have found that Vita Capitals broker is suspicious, and operating without any legal license. There have been proofs of some suspicious activities similar to the signs mentioned in the above points. So it can be concluded that Vitacapitals is a potential scam broker. Investors should always remember that scammers don’t have any right to take away their funds in illegal ways and hence, it is their responsibility to fight for it and get it back from the scammers.
If you are a victim of the Vitacapitals scam, the All Scam Reports Team is here to help you out in fund recovery. All you need to do is to fill a small complaint form and we will be in touch with you shortly with a Free consultation.
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