If you’re in the market for an online broker, you should be aware of the risks associated with dealing with unlicensed brokers. In this article, we’ll be taking a closer look at Vitd.com, an online broker that has been the subject of numerous complaints and legal warnings. We’ll examine the company’s history, services, trading platforms, and license and regulation status. We’ll also look at client feedback about Vitd.com and provide tips on how to avoid getting scammed.
Company Overview
Vitd.com is an online broker that offers trading services for different health products. Currently, they are not operating and their domain is on sale. But, we tried to retrieve some data from the web archive.Â
Team
They did not provide any information about their company or team. When we searched for their team member information from previous online forums of their clients, we also did not find any information. It is clear that they are hiding their team information so carefully.
Services or Products
Vitd.com offers different kinds of trading products. They offer Vitamin D supplement packages and health products. From those, they offer some bonuses and attractive offers. They were running a kind of Multi-level marketing platform.
Trading Platforms
We did not get any information about their trading platform. As their products are not similar to traditional trading products, it is not sure how they did their trading activities.
License and Regulations
License status
Vitd.com has not published any license information on its website. They just hide the license information and authorization about their trading.
Regulation status
Vitd.com claims to be regulated by the International Financial Services Commission (IFSC) in Belize. However, upon further investigation, it appears that the company is not licensed or regulated by any reputable regulatory body.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Why Dealing With Unlicensed Brokers Is Risky?
Dealing with unlicensed brokers is risky because these brokers are not held to the same standards as licensed brokers. Licensed brokers are required to meet certain financial standards and adhere to strict regulations designed to protect investors. Unlicensed brokers are not subject to these regulations, which means that they may engage in fraudulent practices and may not have the financial stability to cover client losses.
Legal Warnings Against Vitd.com
The IFSC has issued a warning against Vitd.com, stating that the company is not licensed to conduct financial services in Belize. The warning states that Vitd.com has not been authorized to engage in trading in any financial instruments, including forex, commodities, and cryptocurrencies. The IFSC warns investors to exercise caution when dealing with Vitd.com and to report any suspicious activity to the authorities.
Client Feedback About Vitd.com
About Trading
There are numerous complaints about Vitd.com online, with many clients reporting that they have had difficulty withdrawing funds from their accounts. Some clients have also reported that they have experienced technical issues with the trading platform and have had difficulty contacting customer service.Â
About Customer Service
Overall, client feedback about Vitd.com is negative, with many clients warning others to avoid doing business with this unregulated broker.
How Can FXfarmupdate Help You If You Get Scammed?
If you have been scammed by Vitd.com or any other unregulated broker, there are steps you can take to try and recover your funds. You can send your case to us. We will evaluate your case and will give you a free consultation and service recommendations to help you in recovering the fund.
Final Thought
Vitd.com is an unregulated broker that has been the subject of numerous complaints and legal warnings. Dealing with unlicensed brokers is risky, and investors should always do their due diligence before investing
