The world of online trading has seen a surge in popularity in recent years, attracting both seasoned investors and newcomers eager to make a profit. However, with the rise of this industry, the number of fraudulent brokers has also increased. One such broker that has raised concerns among traders is Viseno Capital Limited. In this article, we will examine Viseno’s background, services, and client feedback to determine if it is a legitimate platform or a scam.
Company Overview
| Broker Name | Viseno Capital Limited |
| Website | https://visenofx.com |
| Location | Unknown |
| Regulation | Unregulated |
| Warnings | Comisión Nacional del Mercado de Valores (CNMV) -Spain |
Team
Accurate information regarding Viseno’s team is challenging to find. The company lacks transparency in disclosing its key members, which raises red flags and casts doubt on its credibility.
Services or Products
Viseno offers a wide range of financial instruments, promising high returns and competitive trading conditions. However, the lack of detailed information about their services and pricing structure makes it difficult for potential investors to make informed decisions.
Trading Platforms
A reliable trading platform is crucial for traders to execute their trades efficiently. Viseno claims to provide a sophisticated MT4 trading platform, but there is limited information available regarding its features and functionality. Additionally, no evidence of third-party audits or security certifications is provided, which adds to concerns about the platform’s reliability and security measures.
License and Regulations
Legitimate brokers are typically licensed and regulated by reputable financial authorities, ensuring they adhere to strict guidelines and maintain high standards. Unfortunately, Viseno’s website lacks transparency regarding its regulatory status, making it difficult to ascertain whether it operates within a regulated framework.
License Status
Viseno Capital Ltd claims to be based in the United Kingdom. Yet, within the same territory, the financial conduct body is in charge of setting regulations. They, too, are unaware of the dodgy broker.
Regulation Status
Viseno Capital Ltd does not give any regulatory data to demonstrate its compliance. Furthermore, the firm is not on the radar of any legitimate authority. Moreover, you come across a notice from the Canadian Financial Authority against the authorization to offer investing services. As a result, providing investment services without obligatory regulatory procedures is prohibited.
Why Dealing With Unlicensed Brokers Is Risky?
Engaging with unlicensed brokers poses various risks to traders. These brokers may lack the necessary oversight, transparency, and safeguards to protect investors’ funds. In case of any disputes or fraudulent activities, traders may have limited legal recourse or face challenges in recovering their investments.
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.
Legal Warnings Against Viseno
The absence of regulatory oversight is not the only concern surrounding Viseno. Several financial regulatory authorities and consumer protection agencies have issued warnings against the company. The Spanish regulator CNMV issued a warning against this broker.
Client Feedback About Viseno
A crucial aspect of assessing the legitimacy of a broker is evaluating client feedback. Multiple online forums and review platforms contain numerous negative reviews and complaints regarding Viseno’s services. Clients have reported difficulties in withdrawing funds, poor customer support, and questionable trading practices. Such consistent negative feedback from clients is an alarming sign.
About Their Trading
Viseno’s lack of transparency in its trading practices further fuels suspicions of fraudulent activities. Traders have reported instances of price manipulation, sudden slippage, and unexplained account discrepancies. These practices not only erode trust but also significantly impact traders’ profitability.
About Their Customer Service
Reliable customer support is essential for traders, especially in a fast-paced market. Unfortunately, numerous reports indicate that Viseno’s customer service is subpar. Traders have faced challenges in reaching support representatives, delayed responses, etc.
How Can Reviewsadvice Help You If You Get Scammed?
If you get scammed by this broker, you can submit the report to us. We will evaluate the case and will provide you with a free consultation and service recommendations to help you in recovering the lost fund.
Final Thought
Viseno Capital Ltd does not have any transaction data to display. The firm looks to be solely interested in your money, and you will receive no trade services. Additionally, before proceeding on any site, conduct comprehensive research and read reviews from reputable sources.
