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Vlado
Vlado is not a reliable broker for traders even though it states offers that look good to be true. Vlado claims it is the trade name of Vlado Limited, a company authorized and regulated by the Money Services Business of Canada (MSB) and Australian Services & Investments Commission (ASIC), and registered with the Companie House of the United Kingdom (CH). But first please be informed that Money Services Business of Canada (MSB) is not a regulatory body that issues licenses for forex trading or regulates entities engaging in forex services.
Second, CH is the United Kingdom's registrar of companies which has no legit rights to regulate any forex activities. Having registration does not mean having any regulation. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA. However, we did not find any match results to Vlado in FCA. As for the regulation in ASIC, we also did not find any match results to Vlado in ASIC.
That means Vlado is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law.
Therefore, Vlado is a scam.
Vlado is not a reliable broker for traders even though it states offers that look good to be true. Vlado claims it is the trade name of Vlado Limited, a company authorized and regulated by the Money Services Business of Canada (MSB) and Australian Services & Investments Commission (ASIC), and registered with the Companie House of the United Kingdom (CH). But first please be informed that Money Services Business of Canada (MSB) is not a regulatory body that issues licenses for forex trading or regulates entities engaging in forex services. Second, CH is the United Kingdom's registrar of companies which has no legit rights to regulate any forex activities. Having registration does not mean having any regulation. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA. However, we did not find any match results to Vlado in FCA. As for the regulation in ASIC, we also did not find any match results to Vlado in ASIC.That means Vlado is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, Vlado is a scam.
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