Vaha Trade (Vahatrade.com) is a CFDs and Forex brokerage scam that’s waiting to steal from unsuspecting online investors. VahaTrade is claiming to be licensed under the European markets, these claims are fake. VAHA TRADE is purporting to have the best trading tools and services the market has. And that’s why we decided to conduct a thorough investigation of this lame brokerage site. Read this detailed and honest Vaha Trade review.
Looking at their website, it’s easy to see why most investors have fallen for this trap. Website has an easy to use interface and no industry jargon. And this is what these scam artists are after. To grab visitor’s attention! Thanks to our many years of trading experience, we will reveal all the dirty tricks used. Here, we will show investors why Vaha Trade is a dangerous platform to sign up with. Keep reading to find out more regarding this fake brokerage firm.
Claims and promises are a bag of tricks that most scammers use to lure investors. These scam artists know that we all want to make a quick buck or two. Scammers take advantage of this need to make money by claiming to have a solution. Most of the time, the solution involves users to deposit money to these platforms. Vaha Trade is no different as they have used the same bag of tricks as with any other Forex scam.
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Details extracted from their about us page reveal that this brokerage site is from Bulgaria. Investors are warned that scammers will do or say anything to make their platforms appear legit. If indeed this brokerage site was registered in Bulgaria, what’s their licensing number? Notice how well this brokerage firm hides information regarding ownership? Who is the real owner of this brokerage site? Why has the site hidden this vital information?
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It’s clear that Vaha Trade wants to conduct their Forex business in an anonymous manner. Why such high levels of anonymity? Scammers hide behind anonymity in order to ensure their identities remain hidden. That’s why there’s no information regarding the founders of this platform. If they were real brokers, an online search would have easily verified any claims listed here. Ensure you stay away from Brokers who have high levels of anonymity.
This broker goes ahead and makes Forex transactions without proper licensing documents. Registration of this broker site with relevant Regulatory bodies cannot be confirmed. It means that this broker is conducting Forex business under pretense. And that’s what makes VahaTrade a dangerous platform to sign up with. In case you have already signed up, start packing your bags as you’re in bed with a scam. Here’s why!
Where are their registration certificates and documents to prove that they are licensed? Lack of these vital documents is proof that we are dealing with a brutal Forex scam. Anyone who signs up with an unlicensed broker is not fully protected by regulatory bodies. This means that we are dealing with a professional scam outfit that must be stopped. These scam artists have the audacity to scam everyone on the planet, we must stop them.
When it comes to depositing funds with this platform, this broker has this well covered. Depository channels include MasterCard, Visa, Maestro, Neteller, among others. Minimum deposit starts at $100 which is way too low in terms of set standards. Industry set standards is set at $250 for any minimum deposit. Make sure to stay away from this broker and don’t deposit even a penny. It’s most likely that you will never see of it again.
Withdrawing with Vaha Trade is what has become the biggest problem so far. Users have been complaining to our help desk regarding lack of access to their funds. It seems that this broker is blocking users from accessing their funds. This broker wants to steal funds by refusing any withdrawal. This practice must stop with VahaTrade.
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From their platform page, we gather that this broker is using MT4 trading platform. . In order to test how well this brokerage site works, we decided to download it on our devices. And this is where we spotted another red flag with Vaha Trade. Download stalled at 59% which means that users are dealing with a highly unstable platform. This is a disaster waiting to happen.
An unstable platform means that users are not safe from hackers. Hackers find unstable platforms as easy breeding grounds for data retrieval. Information such as credit card details is vulnerable since hackers take over unstable platforms. Vaha Trade is not secure and thus, an unworthy Forex platform.
To ensure that users know what they are in to, try withdrawing funds with this platform. No user has been able to withdraw funds with this platform since its inception. It means that the broker simply wants to run away with money. This broker has failed to use SSL encryption on their website making it vulnerable. Stay away from this broker immediately.
When it comes to segregation of accounts, this is not the case with this broker. Funds are not segregated which means Vaha Trade is pooling funds in one account. In case this broker shuts down without warning, funds will be lost. Users should not expect any compensation since they are dealing with an unlicensed broker. Signing up with VAHATRADE is the same as signing a death warrant. KEEP AWAY from this broker at once.
Vaha Trade has no live chat support and they expect users to communicate using emails. Why has this broker chosen this method of communication? They are simply afraid of the backlash from authorities and victims. VahaTrade wants to remain anonymous the whole time users use their platform.
Without a shadow of doubt, we are dealing with a scam website. Make sure you warn your friends and relatives from signing up with this broker. Mark all their emails as Spam and never click on any links sent by this broker. Hackers are using these links to gather personal information from users. That’s how dangerous working with this broker really is. Stay away from this broker and ignore all pleas to sign up.
What we have to do is add this broker to our scam list. This will prompt relevant authorities to investigate and shut down their website. Ensure you stay away from this broker and never sign up with them. Calls by their marketing team should be ignores. Lastly, never give out your personal details to any of their agents.
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Finally, we wish you all the best in your Forex trading experience.
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