The New Vision Sàrl

Swiss Financial Market Supervisory Authority has issued a warning against Virgobanc in August 2023

If you are looking for a reliable and trustworthy broker to invest your money with, you might have come across The New Vision Sàrl. This is a company that claims to offer online trading services in various financial markets, such as forex, stocks, commodities, and cryptocurrencies. But are they legit? Or are they a scam that you should avoid at all costs?

In this blog post, we will review The New Vision Sàrl and give you our honest opinion based on our research and analysis. We will look at their background, regulation, trading platforms, account types, fees, customer service, and reputation. By the end of this post, you will have a clear idea of whether The New Vision Sàrl is a broker that you can trust or not.

Background and Regulation

The New Vision Sàrl is a company that was founded in 2018 and is based in Geneva, Switzerland. According to their website, they are regulated by the Swiss Financial Market Supervisory Authority (FINMA), which is one of the most reputable and strict regulators in the world. They also claim to have offices in London, Dubai, and Hong Kong, and to serve clients from over 100 countries.

However, we have found some red flags that cast doubt on their legitimacy. First of all, we could not verify their registration number or license number with FINMA. There is no record of The New Vision Sàrl on the official FINMA website or any other regulatory database. This means that they are either lying about their regulation or using a fake or stolen license number.

Secondly, we could not find any physical address or contact details for their offices in London, Dubai, or Hong Kong. Their website only provides a generic email address and a phone number that does not work. This suggests that they are operating from an unknown location and hiding their identity from the public.

Thirdly, we have found several complaints and negative reviews from customers who claim that The New Vision Sàrl is a scam. They allege that the company has refused to process their withdrawal requests, manipulated their trading results, charged them hidden fees, and harassed them with phone calls and emails. Some customers even claim that they have lost thousands of dollars to this broker.

Trading Platforms and Account Types

The New Vision Sàrl claims to offer three types of trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and WebTrader. These are popular and widely used platforms that offer advanced features and tools for traders of all levels. However, we could not access any of these platforms on their website or download them on our devices. The links provided on their website are broken or lead to unrelated pages. This raises the question of how they actually provide their trading services and what kind of technology they use.

The New Vision Sàrl also claims to offer four types of account types: Basic, Silver, Gold, and Platinum. These accounts differ in terms of minimum deposit, leverage, spreads, commissions, bonuses, and access to educational materials and market analysis. However, we could not find any clear information on their website about the specific features and conditions of each account type. The only thing we know is that the minimum deposit required is $250 for the Basic account and $50,000 for the Platinum account.

Fees and Customer Service

The New Vision Sàrl does not disclose its fees and charges on its website. They only mention that they charge commissions on some trades and that they may apply other fees at their discretion. This is very vague and misleading, as it does not give customers a clear idea of how much they will pay for their trading activities. Moreover, we have seen some complaints from customers who claim that they were charged unexpected fees or had their profits deducted by the broker.

The New Vision Sàrl also has a very poor customer service. As we mentioned earlier, they do not provide any physical address or contact details for their offices. The only way to reach them is through email or phone, but both options are unreliable and unresponsive. Many customers report that they have never received a reply from the broker or that they were treated rudely and unprofessionally by their representatives.

Reputation and Conclusion

The New Vision Sàrl has a very bad reputation among the online trading community. They have been accused of being a scam by many customers who have lost money or had trouble withdrawing their funds from them. They have also been exposed by several review websites and forums as a fraudulent and unregulated broker. They have no credibility or transparency as a financial service provider.

Therefore, we strongly advise you to avoid The New Vision Sàrl at all costs. They are not a legit broker but a scam that will take your money and run away with it. There are many other reputable and regulated brokers out there that you can choose from instead. Do not fall for their false promises and lies.

What to Do If You’ve Lost Money with The New Vision Sàrl?

If you have been scammed by The New Vision Sàrl or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.