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Does VitalInvest regulated in USA?
Lydia Wright
United States of America
2023-09-20
ANSWER No, VitalInvest is not regulated in the USA. In fact, it is an unregulated broker flagged by a financial regulator.VitalInvest does not reveal any information about their legal status. They claim to be based in Jakarta, Indonesia, where there is no regulatory body for forex trading.In addition, the Federal Financial Supervisory Authority (BaFin), the German financial regulator, warns consumers that VitalInvest is offering financial and investment services through vitalinvest.org without the necessary license.The regulator also found out that VitalInvest's employees have used false information to trick customers saying the platform is located in the UK and registered there, but there is no evidence that the platform is registered with the UK's Financial Conduct Authority (FCA). Employees of the platform have also mentioned a licence from the FISEU, a fake supervisor that BaFin has issued a warning against.The BaFin's full warning against VitalInvest can be accessed here.Therefore, VitalInvest is not a regulated broker. It carries substantial risks, and individuals dealing with the platform are vulnerable to fraud and identity theft, as there are no rules in place to safeguard them. To avoid such risks, it is advisable to choose a fully regulated broker.
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