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Vestmarket Trade

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Operating status: SCAM

Website: https://vestmarketrd.com/

Broker violations and abnormal records
  • 2024-12-01 The MFSA issues a warning against Vestmarket Trade

    On December 2, 2024, the Malta Financial Services Authority (MFSA) issued a warning against Vestmarket Trade, stating this broker is neither a Maltese registered company nor licensed or otherwise authorised by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorised under Maltese law. https://www.mfsa.mt/news-item/mfsa-warning-vestmarket-trade-unlicensed-entity/

    On December 2, 2024, the Malta Financial Services Authority (MFSA) issued a warning against Vestmarket Trade, stating this broker is neither a Maltese registered company nor licensed or otherwise authorised by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorised under Maltese law. https://www.mfsa.mt/news-item/mfsa-warning-vestmarket-trade-unlicensed-entity/
  • 2024-12-05 BrokersView has reviewed that Vestmarket Trade is an unregulated broker

    According to its website, it claims to be registered with multiple regulatory bodies. Upon investigation, no matching information was found in the Financial Conduct Authority (FCA), National Futures Association (NFA), Italian Companies and Exchange Commission (CONSOB), Federal Financial Supervisory Authority (BaFin), and Autorité des Marchés Financiers (AMF).

    In addition, the Malta Financial Services Authority (MFSA) issued a warning against Vestmarket Trade, stating this broker is neither a Maltese registered company nor licensed or otherwise authorised by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorised under Maltese law.

    In essence, Vestmarket Trade 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.

    Vestmarket Trade appears to be a scam. 

    According to its website, it claims to be registered with multiple regulatory bodies. Upon investigation, no matching information was found in the Financial Conduct Authority (FCA), National Futures Association (NFA), Italian Companies and Exchange Commission (CONSOB), Federal Financial Supervisory Authority (BaFin), and Autorité des Marchés Financiers (AMF). In addition, the Malta Financial Services Authority (MFSA) issued a warning against Vestmarket Trade, stating this broker is neither a Maltese registered company nor licensed or otherwise authorised by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorised under Maltese law. In essence, Vestmarket Trade 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. Vestmarket Trade appears to be a scam.

Related Complaints

Q&A

Vestmarket Trade seems to be reliable, isn't it?

Villads Holst
Malaysia
2024-12-12
ANSWER Dear Investor, Thank you for reaching out to us. Vestmarket Trade is a scam. It falsely claims to be multi-regulated. To convince investors of its legitimacy, it even purports to be regulated by a non-existent regulator. The Malta Financial Services Authority (MFSA) has issued a warning against Vestmarket Trade, unveiling its dubious nature and advising investors to stay away from it. Therefore, we strongly suggest you avoid using Vestmarket Trade. For a safer trading environment, it is recommended to opt for fully regulated brokers instead. Always do thorough research before risking your real money, rather than accepting what a broker claims at face value.
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Can I trust Vestmarket Trade?

Olavi O'Reilly
Hungary
2025-02-24
ANSWER Dear Investor, Thank you for your message. Vestmarket Trade cannot be trusted. The company claims to be registered with multiple regulatory bodies, but after a thorough investigation, no matching information was found. This makes their regulatory claims highly suspicious. Additionally, the Malta Financial Services Authority (MFSA) has issued a warning that Vestmarket Trade is neither a registered company in Malta nor licensed to provide investment services under Maltese law, further confirming our concerns. Therefore, we strongly advise you to avoid using Vestmarket Trade to protect your investments. It is crucial to conduct thorough research on any brokers you consider. Thank you for your vigilance and cooperation.
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