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VIRGOBANC

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Operating status: SCAM

Website: https://www.virgobanc.com/; https://www.virgobanc.net/

Broker violations and abnormal records
  • 2023-05-02 The Spanish regulator CNMV issued a warning against VIRGOBANC

    On May 3, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added VIRGOBANC to its warning list for it providing investment services without authorization: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0

    On May 3, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added VIRGOBANC to its warning list for it providing investment services without authorization: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0
  • 2023-05-04 BrokersView has reviewed that VIRGOBANC is an unregulated broker

    VIRGOBANC claims to be an established broker while it doesn't provide any details about its regulatory status, which is a clear indication of an unlicensed broker, as legitimate ones typically prominently display their accreditation and licenses. Given it claiming to be located in Switzerland, we searched for this broker in the Swiss Financial Market Supervisory Authority (FINMA) registry, but no record matching it was found. 

    In addition, the Comisión Nacional del Mercado de Valores (CNMV) has added VIRGOBANC to its warning list for it providing investment services without authorization.

    In essence, VIRGOBANC is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    VIRGOBANC claims to be an established broker while it doesn't provide any details about its regulatory status, which is a clear indication of an unlicensed broker, as legitimate ones typically prominently display their accreditation and licenses. Given it claiming to be located in Switzerland, we searched for this broker in the Swiss Financial Market Supervisory Authority (FINMA) registry, but no record matching it was found. In addition, the Comisión Nacional del Mercado de Valores (CNMV) has added VIRGOBANC to its warning list for it providing investment services without authorization.In essence, VIRGOBANC is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
  • 2023-08-29 The Swiss FINMA issues a warning against VIRGOBANC

    On August 30, 2023, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against VIRGOBANC, stating that this broker is not entered in its commercial register. https://www.finma.ch/en/finma-public/warning-list/virgobanc/

    On August 30, 2023, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against VIRGOBANC, stating that this broker is not entered in its commercial register. https://www.finma.ch/en/finma-public/warning-list/virgobanc/

Related Complaints

Q&A

When will the broker process my withdrawal after submitting the request?

Nichol Gadingan
Malta
2023-05-08
ANSWER VIRGOBANC is an unlicensed broker that we advise against trading with, despite the seemingly attractive deals it offers.VIRGOBANC marks itself as an established broker, yet its failure to disclose any details regarding its regulatory status raises doubts about its legitimacy. Legitimate brokers typically showcase their accreditation and licenses prominently to instill trust and transparency, whereas VIRGOBANC doesn't provide any such information. We searched for VIRGOBANC in the Swiss Financial Market Supervisory Authority (FINMA) registry, given its claim to be located in Switzerland, but found no matching records. Moreover, the Comisión Nacional del Mercado de Valores (CNMV) has added VIRGOBANC to its warning list for offering investment services without authorization. You can access the full warning by clicking here.Concerning your question, your withdrawal request may have to wait for a long time to be approved or simply be rejected by VIRGOBANC using various excuses, as VIRGOBANC is an unlicensed broker whose primary objective is to steal your money. If dealing with unlicensed brokers like VIRGOBANC, investors will expose themselves to significant risks, including loss of funds and identity theft. Therefore, we strongly suggest investors stay away from unlicensed brokers and opt for fully regulated ones instead.
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