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Viciation
Suspected Fraud
Suspected Fraud

Viciation

🇰🇲
  • Forex
  • Brokerage
  • ...
1-2 years
Website

Current Rating

2.63

Industry Tier

D

Profile

Viciation is a forex and CFD broker that was registered on October 30, 2023, in the Union of the Comoros' Federal Islamic Republic, mainly providing investors with forex, commodities, metals, indices, digital currencies, and bonds, with its company headquarters located in Johannesburg, South Africa. The broker does not provide services to jurisdictions where it may violate local laws or regulations, including but not limited to the United States, Puerto Rico, Quebec (Canada), the United Kingdom, Sri Lanka, New Zealand, Japan, India, Afghanistan, the European Union and European Economic Area, as well as countries sanctioned by OFAC.

Company Registration Information and Regulatory Status:

Information publicly available on Viciation's official website reveals that the corporate entity registered in the Union of the Comoros' Federal Islamic Republic is Viciation LLC, with the company's registration address at Hamchako, Mutsamudu, Autonomous Island of Anjouan, Union of Comoros, and the specific office address at Office 9005, Spaces Atrium on 5th, 9th Floor, 5th Street, Sandton, Johannesburg, 2196, South Africa.

Upon verification, an entity named Viciation LLC is registered with the Moroni International Services Bureau (Union of Comoros) as a brokerage firm, with the registration number T2023398. According to Whois information, the broker's website domain was registered on October 31, 2023. As of January 15, 2024, the broker has been registered for less than three months.

Viciation

Viciation

Viciation

Opening an Account:

To open an account with Viciation: Visit the broker's official website, click “OPEN AN ACCOUNT” at the top right corner of the web page to enter the account registration interface, fill in personal information as required and submit, then the broker will send an email with a verification code, after filling in the code, wait for the administrator's approval before the account can be successfully applied for.

Viciation

Viciation

Account Types:

Although Viciation’s official website displays trading account options, clicking on this page automatically redirects to the homepage, and it is not possible to open it properly. Furthermore, the website does not disclose information such as spreads, trading leverage, initial minimum deposit amount, maximum/minimum trading volume, position size, overnight fees, or trading commissions.

Trading Platform:

Viciation offers users MT5 trading accounts, with servers provided by Viciation LLC.

Viciation

Deposits and Withdrawals:

The deposit and withdrawal options displayed on Viciation's official website redirect to the homepage when clicked, and cannot be opened normally.

Summary:

Traderknows reminds investors that Viciation is under offshore regulation with very weak regulatory strength. Additionally, documents and some options provided on the broker's official website cannot be opened properly, making it difficult to understand detailed trading information. Traderknows advises investors to stay away from Viciation when choosing a broker, and to opt for brokers that are transparent, strongly regulated, and have a good reputation, to avoid unnecessary financial losses.

Currently, this broker is marked as 'Suspected Scam' on Traderknows.

User Reviews

2.63

Rated by 0 people

All Rating

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FAQ About Viciation

01

What is Viciation's official website?

A: Viciation's official website is https://www.viciation.com

02

Is Viciation a legitimate company, or is it a scam?

A: Viciation is currently marked as Suspected Fraud on TraderKnows.

03

What is Viciation?

A: Viciation is a Forex, CFD, Brokerage company.

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Country
Comoros
Market Categories
Forex | CFD
Organization Categories
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