Is Vici Markets a scam or a legit broker? Read Vici Markets Review
FSCA warns the public against Vici Markets
Vici Markets is one of those companies that has the guts to tell you they can make you a lot of money and give you fake credentials, leaving you ripped off and broke. These are typical scams, and each element of their website, including their supposed licenses and the terms they give, indicates that you should immediately withdraw every penny you spent with them.
The broker’s website is http://vicimarkets.com/. Vici Markets asserts that be subject to the oversight of not one, but three credible regulatory agencies. They give up to three different addresses, including ones in South Africa, Cyprus, and the United Kingdom. There is a United Kingdom phone number on the webpage as well.
Vici Markets lacks any type of licensing. They make a special effort to persuade you of the reverse. As brokers in the UK are required to abide by regulations that guarantee traders’ safety, spending your funds with unlicensed brokers carries significant risks.
Possible scam activities of Vici Markets
Forex trading scams, Binary OPtions trading scams, Cryptocurrency trading scams and other investment trading scams are harder to spot. But there are some signs.
Here are some of the very possible reasons why we have flagged this broker as a scam broker in this Vici Markets review.
- The rules and regulations, Bonus and Withdrawal policies are not legitimate and they are made for defrauding traders.
- The broker makes continuous calls to the traders and urges them to invest higher and higher amounts.
- The broker may have made a number of false claims through its website.
- The broker promises returns that are too good to be true.
- The risk warnings may not be disclosed on their webpage or would be hidden.
- The broker remains operational for some time and suddenly you are not able to contact the broker or the website seems down. The broker also changes the name and website URL without any notice to existing traders.
- The broker may be located in the countries or small islands where there is no proper regulation and registering a company is very easy. Usually, these countries are havens for scam brokers.
- This broker provides you good chances of making profits and when you decide to withdraw your money, they will state their illegitimate rules of withdrawals, and ultimately you are not able to make a withdrawal.
Negative Vici Markets Reviews and Complaints
Vici Markets has got many negative reviews and traders who traded with this broker have raised many complaints against it. ReportScam has investigated a lot about this broker and based on the negative reviews, complaints and other scam features, we have listed this broker in the list of scam brokers 2023.
Scammed by Vici Markets? How to get your lost money back from Vici Markets?
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Vici Markets Review: Conclusion
To begin with, Vici Markets is a mysterious site that needs validity. It isn’t authorized to offer trading services as it does not hold any valid license and is targeting clients of different nations. So, we advise you to stay away from a such brokers as your money may be at high risk with them.
Also, to prevent yourself from scams like – Forex scams, Binary scams, Romance/Dating scams, Cryptocurrency scams, or any other scams, you should pick a broker or company regulated by some major regulators like FCA, FINMA, SEC, FMA, ASIC, etc. Check the reviews of brokers and also read the policies and terms and conditions. These small details will prevent you to become a victim of broker scams.
To read more about Scam Brokers and their Reviews, Visit Scam Brokers 2023 Page to avoid Cryptocurrency trading scams, Forex trading scams, or other online scams.
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Note: Report Scam Community has conducted many researches before flagging Vici Markets as a possible scam in this Vici Markets Review.Are you planning to trade with Vici Markets and invest your money? Report Scam suggests you to read this Vici Markets Review first.
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