ANSWER Given its fraudulent nature, we strongly suggest you drop the plan to engage with vaalco capital.The first warning sign is its lie about its history. Vaalco capital claims that it has been in business for 3,150 days, equivalent to nearly nine years. However, its domain, vaalcocapital.cc, was first registered in July 2023.As per UK law, almost all businesses or individuals providing financial services or products in the UK are required to obtain authorization from the Financial Conduct Authority (FCA) before they can solicit investors. While vaalco capital alleges to have an office in this country, our search for the company in the registry of the FCA didn't yield any results. This means it doesn't comply with the rules and regulations and thus its offerings are illegal.Therefore, it is risky to deal with vaalco capital. This unregulated broker presents potential dangers of fraud and identity theft. Individuals dealing with this unlicensed platform are not protected by the regulatory framework. To minimize these risks, we strongly suggest staying away from unlicensed brokers like vaalco capital and instead choosing fully regulated ones.
See more