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Vitalcapitals LLC Review: Legitimate or Another Scam Broker?

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Vitalcapitals LLC Review: Legitimate or Another Scam Broker?

You do not need financial knowledge to read between the lines and see Vitalcapitals LLC is untrustworthy. The company tried extremely hard to remain relevant. They have a spiced-up marketing strategy. The broker promises financial freedom to clients. However, if you double-check their sentiment, you will realize the venture is not offering financial services. 

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Further, the scheme claims the authority oversees their operation. The statement is vague and misleading. Their trading conditions are a sham. We are afraid those joining the entity will only return with negative experiences. You must keenly read their terms and conditions before signing up. 

Most investors are never cautious and fail to consider the most critical factors. Concentrate on the company’s user agreement segment. You will realize Vitalcapitals LLC’s only intention is to keep your funds. Stick with us as we expose the rogue broker. 

Vitalcapitals LLC Review

Most con artists use enticing videos, adverts and false testimonials to lure in more victims. They all claim to be legitimate, just like Vitalcapitals LLC. However, you will be shocked if you keenly analyze how they run their business.

 Once you click on their bait and start a conversation with the company, pro scammers will convince you to invest. They will make you believe your money is yielding high returns. However, the sales reps will ghost you if you request a withdrawal.  

Any attempt to reach  Vitalcapitals LLC will hit a hard rock. The company will also claim that all your money was lost, but you can deposit more to recover. If you fall for this desperate call, you will count more losses. 

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Ensure the company you choose is licensed. There are many trustworthy forex brokers in the market. It is not rocket science to know the legit ones. Any platform promising unreasonable returns should be avoided. Genuine firms will also operate in full transparency. You will know the qualification of the team, which builds more trust. 

Trading Conditions of Vitalcapitals LLC

The company urge novice traders to join them. You don’t need any financial knowledge to run their trading signals. However, you should at least understand the trading terminologies before getting started. It is also impossible to verify if the signals are profitable. You will only see the return on the dashboard, but any cash withdrawal attempt will be blocked. 

Vitalcapitals LLC has a basic web platform. We are not convinced there is trading taking place on the website. Reputable forex companies offer MT4 or MT5 software. It has advanced features, and you can even trade automatically. 

You should note that not all brokers with the trading interface are undertaking investment services. Some want to steal your cash. The minimum deposit is 250 EUR. Multiple schemes will allow you to start with 100 USD. 

We also didn’t like their wide unprofitable spread. 3 pips will only cost you more to open a trade. The average market standard is 1.5 pips. The spread is at 1:200, which might seem profitable. However, you should know the higher the leverage, the higher the risks. Furthermore, the cap is above what the regulatory bodies approve. The EU restrict the leverage to 1:30 while the US 1:50. Investors that want to enjoy high caps should show their trading experience. 

Withdrawal and Deposits

There are two options for depositing funds in Vitalcapitals LLC. You can either use cryptocurrency or credit/debit card options. The main problem with BTC is that you cannot issue a chargeback. The time you hit the deposit button, there is no going back. You cannot also know the identity of the recipient. 

Cryptos payment observes anonymity. Additionally, the venture does not disclose its charges. It is important you know the withdrawal fees and any other transactional charges. Once you accept their bonuses, you should note that there is a trading volume you must meet. Sadly, the venture leaves out the information. 

The absurd thing is that when you want to cash out funds, you must pay a fee of 30% of the initial amount you deposited if your account has been dormant. Their dormant account policy is sickening. You can pay between 30 EUR to 100 EUR for 90 days of inactivity. The venture is only trying to keep your funds in its system. 

Legitimate brokers are transparent about their services. They will discuss the fees, and their terms and conditions are favourable. The problem with scammers is they can have hidden charges. Additionally, they can change their terms and conditions abruptly without giving notice. 

Regulation Status of Vitalcapitals LLC

Investors should consider doing business with licensed companies. Furthermore, most financial bodies in the market mandate that all brokers collecting funds from their citizens comply with their rules and regulations. Dealing with regulated firms eliminates the worries of being scammed. 

Sadly, Vitalcapitals LLC is unregulated. The scheme claims it conducts its operations from one of the most reputable countries in the world. The US has stringent rules for investment schemes. A company must deposit $20 million in its account to prove its capacity to run its business successfully. We highly doubt the fictitious broker can afford that amount.

Vitalcapitals LLC Review, Vitalcapitals LLC Blacklisted

Regulated companies must also keep clients’ money in separate accounts from theirs. In the event of bankruptcy, customers receive compensation. Unfortunately, nobody will help you recover the lost amount when dealing with offshore schemes. 

Vitalcapitals LLC is dangerous since they do not report daily client transaction reports. Eventually, they will shut down their business and investors’ cash will be lost. The broker tries to save its skin by falsely claiming a license from the Singapore watchdog, the Monetary Authority of Singapore (MAS). 

Upon visiting the website, we found the company is not licensed. Additionally, since their address indicates the scheme originates from the United States, they should seek permission from the National Future  Association (NFA) and Commodities Futures Trading Association (CFCA). The fraudulent scheme targets vulnerable traders who are looking for get-rich-quick schemes. 

Contact Details and Customer Support

The location of the platform is allegedly in the US. However, the information is contradictory, and there is no evidence to prove they are from the States. It is common for scammers to mislead customers that they are based in the developed world to gain their trust. However, the brokers are operating in offshore entities. 

There is a phone number and email address on the website. Rest assured that you can only reach the broker when you are willing to spend more money. The moment your pockets run dry, the scammers will cut you off. They normally use VoIP phone numbers. 

Do not risk engaging with offshore brokers. Dealing with legitimate companies grants you peace of mind. Additionally, you can easily contact support, and they will resolve your issue without hesitation. 

Final Verdict

The entity is a scam entity. They do not have a license, and their returns are absurd. Vitalcapitals LLC also lacks a trading history. When dealing with an offshore scheme that promises quick riches, your money is at greater risk. The least the scheme would have done is to avail their audited trading results. 

Look for a more transparent and legitimate forex trading broker. You will enjoy realistic returns without compromising your safety. You can also use genuine companies’ demo accounts to familiarize yourself with the trading activity. 

 

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