Since it showed up on the financial market, VitaCapitals broker is confusing for many. At first, the firm claimed to be based in Lichtenstein, while it’s currently in Bulgaria. All this time, it is said to have regulation by MAS, the regulatory body of Singapore. Read our VitaCapitals review and learn the truth.
Along with that, we want to invite you to read our recently updated reviews of the scam brokersGulfBulls,Trade-Union.pro andSoltechx.
| Broker status: | Unregulated |
| Regulated by: | Unlicensed brokerage |
| Scammers Websites: | vitacapitals.com |
| Blacklisted as a Scam by: | MAS |
| Owned by: | Rever Ltd |
| Headquarters Country: | Bulgaria |
| Foundation year: | 2021 |
| Supported Platforms: | WebTrader |
| Minimum Deposit: | 250 EUR |
| Cryptocurrencies: | Available |
| Types of Assets: | Forex, commodities, indices, shares, cryptocurrencies |
| Maximum Leverage: | 1:200 |
| Free Demo Account: | No |
| Accepts US clients: | No |
What About VitaCapitals Regulation?
Despite false claims to be regulated by Singaporean MAS, VitaCapitals is another scheme. VitaCapitals is a brand of Rever Ltd, based in Bulgaria. Since this country is a well-known boiler room of many scam brands, we’ve checked if they have any licenses.
Why Must a Broker Have a License?
A broker must have a license in order to follow regulatory rules about leverage and other trading conditions and create a compensation fund. For example, European and Australian Tier1 regulators require brokers to have over $700,000 ready to reimburse potential victims. And that’s your money-back guarantee. Despite Bulgaria being a part of the EU, its regulator doesn’t pay much attention to scam firms, which is why brands like VitaCapitals choose it for its headquarters.
VitaCapitals Warnings From Financial Regulators
The Singaporean regulator published an official warning showing that they are not regulating VitaCapitals and that the broker operates without supervision. Don’t trust everything you read on the investment firms’ websites; make sure to check it yourself. Otherwise, you can easily be defrauded.
In addition to the above, we strongly advise you not to invest in Warden VC,Liquidspro andIdealinvestFXfraudulent brokers.
Traders Reviews About VitaCapitals Scam
Traders have nothing good to say about VitaCapitals. Instead of us talking, let’s just show you one of the reviews.
“It’s a SCAM! When you want to withdraw money, there’s no way to contact them; email comes back; nobody answers the phone; the chat form on the platform doesn’t work. In the beginning, the manager – Robert Grossman (perhaps a fake name?) – called every day; consulted on how to do trading – doing all he could to trick us into investing our savings. And then simply disappeared.”
– Trustpilot customer.
Supported Trading Platforms – Available Trading Software
VitaCapitals doesn’t give much company information. Therefore, all we know is that the broker provides a basic WebTrader with unregulated trading conditions. Despite leverage being limited to 1:30 or 1:50 in the EU and UK, the broker enabled up to 1:200. And that’s another proof that the firm cannot be regulated. Furthermore, the platform itself is a basic TradingView chart with few indicators, not suitable even for beginners.
Everything About VitaCapitals Trading Accounts
The trading company offers 5 account types.
Besides, an Islamic swap-free account requires a minimum deposit of 10,000 EUR. Accounts differ in a spread that starts with 3 pips for EUR/USD pairs, training sessions with the account manager, etc.
VitaCapitals Range of Trading Instruments & Markets
The broker provides trading in all 5 major markets, including:
- Forex
- Commodities
- Indices
- Shares
- Cryptocurrencies
VitaCapitals Deposit, Withdrawal Methods, and Bonuses
VitaCapitals accepts only 1 deposit method – debit and credit cards. When it comes to withdrawals, this firm has quite unusual fees. If you want to withdraw funds before even investing, the broker will charge 30% from your deposit, or at least a minimum of 80 EUR. Furthermore, if you do not trade within 90 days, the company will charge an inactivity fee of 100 EUR per month. There’s a clause stating, “the company reserves the right to retain the amount of 30 USD/EUR every month.” It means you’re being charged just because they feel they can charge you.
When it comes to bonuses, the company claims to offer different kinds of promotions, and once accepted, the client cannot withdraw funds until he fulfills the requirements. Yet, these requirements are nowhere to be found, meaning you can easily be a victim of made-up demands.
Scammed by VitaCapitals Broker? – Let Us Hear Your Story
If you were scammed by VitaCapitals or a similar bogus broker, let us know. Our chargeback specialists will book a FREE consultation to help you recover your funds.
But What Is A Chargeback?
A chargeback is a way for your bank to recover stolen funds. Contact us right away before the broker vanishes, and let’s start the process! Don’t let scammers run with your hard-earned money. Act now.