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BVG Vest

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Operating status: SCAM

Website: https://bvgvest.com/

Broker violations and abnormal records
  • 2024-01-18 The FCA adds BVG Vest to its warning list

    On January 19, 2024, the Financial Conduct Authority (FCA) issued a warning against BVG Vest, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/bvg-vest

    On January 19, 2024, the Financial Conduct Authority (FCA) issued a warning against BVG Vest, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/bvg-vest
  • 2024-01-21 BrokersView has reviewed that BVG Vest is an unregulated broker

    BVG Vest's website provides scant information and lacks valid licensing data, which is considered a red flag for potential fraudulent activities.

    On its About page, this entity showcases a business license with company name Mincrpto.net, implying that it is registered in the US. For it to be legitimate in this country, it is required to be registered as a member of the National Futures Association (NFA). However, our search for it in the NFA register didn't return any matching records. Below the claimed license is a "View Broker Licence" button linked to an unknown certificate that appears to be issued by a nonexistent regulatory body.

    In addition, the Financial Conduct Authority (FCA) has issued a warning against BVG Vest, identifying it as an unauthorized firm in the UK.

    In essence, BVG Vest is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    BVG Vest appears to be a scam.

    BVG Vest's website provides scant information and lacks valid licensing data, which is considered a red flag for potential fraudulent activities.On its About page, this entity showcases a business license with company name Mincrpto.net, implying that it is registered in the US. For it to be legitimate in this country, it is required to be registered as a member of the National Futures Association (NFA). However, our search for it in the NFA register didn't return any matching records. Below the claimed license is a "View Broker Licence" button linked to an unknown certificate that appears to be issued by a nonexistent regulatory body.In addition, the Financial Conduct Authority (FCA) has issued a warning against BVG Vest, identifying it as an unauthorized firm in the UK.In essence, BVG Vest is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.BVG Vest appears to be a scam.

Related Complaints

Q&A

What if I dont want to withdraw through the way I deposit on BVG Vest? Can I change one?

Niilo Schermer
Uganda
2024-02-18
ANSWER If you are considering BVG Vest, we strongly suggest you ditch this option. It is an unregulated broker.The website of BVG Vest offers minimal information and does not present any valid licensing details, which is often seen as a warning sign of potential fraudulent operations.On its About page, it displays a business license under the company name Mincrpto.net, suggesting that it is registered in the US. To be considered legitimate in the US, it needs to be registered with the National Futures Association (NFA). However, our search in the NFA register did not yield any matching results. Beneath the alleged license, there is a "View Broker Licence" button that leads to an unfamiliar certificate seemingly issued by a non-existent regulatory authority.Moreover, the Financial Conduct Authority (FCA) has issued a warning against BVG Vest, labeling it as an unauthorized firm in the UK.In summary, BVG Vest is not overseen by any regulatory agency. Allowing it to handle investors' funds poses a significant risk, as there are no legal measures to protect these funds. To avoid falling victim to potential fraud and identity theft, investors are advised to steer clear of unlicensed brokers like BVG Vest and instead choose fully regulated ones.
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