Vitacoininvestment is a CFD broker whose official domain was registered on August 28, 2023. The broker primarily offers investment services in various trading markets such as forex, cryptocurrency, indices, stocks, energy, and commodities. It does not provide services to countries and regions where it may violate local laws or regulations.
Company Registration Information and Regulatory Status
According to publicly available information on its website (vitacoininvestment.com), this broker was established in 2016 and claims that its company entity is VLS, regulated by the Australian Securities and Investments Commission (ASIC). Beyond this, it does not disclose any further company registration or detailed regulatory information.
Upon verification, ASIC has no record of a regulated company named "VLS."
Therefore, Vitacoininvestment (vitacoininvestment.com) is essentially a fraudulent broker website with no corporate entity or regulatory oversight.
Account Opening Process
The account opening process for Vitacoininvestment involves visiting the broker's website, clicking "Open Account" on the homepage or "SIGN UP" at the top right corner to enter the registration page. You must then fill in your personal information such as name and email, set a password, and submit. Upon account verification, the registration will be successful.
Trading Instruments
Vitacoininvestment offers a variety of trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves currency exchange, known for its high liquidity, allowing traders to profit from currency fluctuations.
- Indices: Index trading allows speculation on the overall market or specific sectors without trading individual stocks. It offers diverse trading opportunities and potential high returns through leverage.
- Commodities: Commodity trading covers key resources in the global market, letting traders buy and sell various raw materials including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in public company price fluctuations and earn based on performance and dividends without actually holding the stocks.
- Cryptocurrencies: Cryptocurrency trading provides digital currency enthusiasts with the chance to profit from high-volatility assets.
Investment Plans
Vitacoininvestment offers four types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, and FOREX SIGNALS.
STARTER ACCOUNT:
- Minimum deposit: £500
- Minimum expected profit: £3,500
- Maximum expected profit: £5,000
- Trader education*
- Risk management
- Tax-free spread trading profits
CLASSIC ACCOUNT:
- Minimum deposit: £5,000
- Minimum expected profit: £45,000
- Maximum expected profit: £50,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
PLATINUM:
- Minimum deposit: £10,000
- Minimum expected profit: £99,999
- Full benefits package
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
FOREX SIGNALS:
- Professional forex signals
- Up to 10 signals per day
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin payments only
- Use any broker
Trading Platform
Vitacoininvestment offers its self-developed trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with more than 12,000 orders executed per second, supported by comprehensive liquidity providers.
Deposits and Withdrawals
Vitacoininvestment does not allow deposits or withdrawals through credit cards or bank wire transfers; it only supports cryptocurrency transactions.
Conclusion:
Traderknows reminds investors that vitacoininvestment is a scam broker that lures investors with high returns. The website has no actual company entity or any regulation. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as a "Scam" on Traderknows.
