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Do You Want to Know If VitaCapitals Is Legitimate or a Scam Broker?
VitaCapitals may seem to have a lot going for it. The website looks nice and its spreads seem reasonable. However, if we look a bit closer, we’ll notice the sub-standard trading platform, the fishiness of its terms and conditions, and its appalling rules for withdrawing money. In addition, this broker has been flagged by the same regulator it falsely claims to hold a license from. It takes a lot of gall to act like this, and VitaCapitals definitely doesn’t seem to care.
There Are Some Problems with VitaCapitals
VitaCapitals brazenly claims it has a license from the Monetary Authority of Singapore (MAS), when in fact the MAS has flagged VitaCapitals for offering trading without a license. When we look at the terms of conditions, we see several names and locations, and documents written in Russia. So many identities are definitely fishy. Also, VitaCapitals says it has the right to refuse withdrawals for no reason. It offers fake bonuses that limit the right to withdrawals. To top it all off, in the fine print, we discover it may take 6 months to close an account! Obviously, they will charge fees during this time. Stay Away!
Red Flags that VitaCapitals Could Be a Scam Broker
- False statements about licensing–no license
- Flagged by the MAS
- Poor trading platform
- Absurd terms and conditions
- No transparency
- Misleading statements
- Bad reviews
If You Need Fund Recovery from VitaCapitals, Talk to Us
We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with this broker close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.