Vistova is a contract for difference (CFD) broker officially registered on June 13, 2023. The company primarily offers financial trading services in precious metals, futures, indices, and CFDs. Its headquarters are located in Dubai. The broker's official website primarily supports English services and does not provide services to jurisdictions where it may violate local laws or regulations, including but not limited to the United States, Cuba, Iraq, Myanmar, North Korea, and Sudan.
Corporate Background and Regulatory Status:
Information available on the official website indicates that Vistova's registered entity is Vistova Markets Limited, with a registered address at Vistova Markets Limited, 1st Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia, and registration number 2023-00223. The actual office address is MF-072 Golden Eyes Business Center, Al Muteena Area, Deira, Dubai, UAE.
Upon verification, Vistova Markets Limited is registered as an International Business Company in Saint Lucia's International Business Company and International Trust Registry (IFC). However, its derivative and CFD business is not authorized or regulated by the Saint Lucia Financial Services Regulatory Authority (FSRA) or any other legitimate financial regulatory authority.
Account Opening:
The broker's official website does not provide any options for opening or registering an account, and it does not specify how to proceed with account opening.
Account Types:
The official website of the broker does not provide information about different account types, including minimum deposit amounts, trading leverage, minimum and maximum trade sizes, maximum position sizes, spreads, trading commissions, overnight fees, and other critical trading information.
Trading Platform:
Vistova's official website states that it offers the MT5 trading platform, including Android and iOS versions. However, the website only displays platform icons without providing corresponding download links.
Deposits and Withdrawals:
The Vistova official website does not display the supported deposit and withdrawal methods, so users may need to contact the broker's customer support for more information.
Customer Support:
Vistova offers customer support through phone at 054-4432398 and via email at [email protected]. Users can also use the online contact form on the broker's official website to reach customer support.
Summary:
Trading Circle advises investors that Vistova is a CFD broker without legitimate financial regulation. The design of its official website is unprofessional, and essential trading-related information is missing. Choosing this platform for trading could lead to difficulties in resolving issues with no legal recourse. Trading Circle recommends that investors choose trading platforms that are well-regulated and have a good reputation to avoid unnecessary financial losses. Currently, this broker is marked as "suspected fraud" on Trading Circle.
