Vega Capital Review – CNMV Exposes Another Trickster

Our Vega Capital review shines a light on a Forex dealer who is the personification of bad brokerage practices. Nothing on their website instills trust in the quality of their service and the safety of their platform.

The opaque trading environment isn’t all that makes this broker unquestionably bad. As final proof of their illegitimacy, we’ll present more than a few warnings by financial watchdogs. Stay tuned to find out how to recover your lost assets.

Suspicious Company Spotted

If you’re on the hunt for a reliable Forex provider, you’ll probably want to learn about their business and licenses first. Unfortunately, that isn’t possible with the Vega Capital broker. All relevant corporate data is hidden and there isn’t even a single phone number posted.

Combing through the legal documents on the site offers no deeper insight, either. It is entirely unknown if the company has even been legally incorporated. In such cases, it is most likely that the entity only exists online and operates through a falsified online trading portal.

Word From Regulators

Anonymous entities intend to remain under the radar but quickly get into the regulatory spotlight. As an unlawful scheme, this business has been blacklisted by AMF, IOSCO, CNMV, FSMA, FI, AFM, and FIN-FSA.

Vega Capital Forex broker, just like Truvecta, is not following legal directives, not using segregated bank accounts and not providing compensation options. These are just some of the mandatory conditions a firm has to meet in order to be licensed. Regardless, this business respects no laws.

Diverse Areas Covered

Considering the fact that the website has only been operational since March 2024, their scheme is relatively new. Having been recently registered makes the domain additionally suspicious, along with the fact that no Vega Capital reviews exist online.

Nonetheless, fraudulent operations have been continually targeting traders from the following countries:  

• United Kingdom
• France
• Australia
• Belgium

Whether you live in these states or not, it’s important to stay vigilant. Also, don’t wait or hesitate to ask for support where you see it’s due. Our chargeback team is at your disposal to provide legal support.

Vanishing Browser Platforms

Although the site is stacked with chunks of text promoting allegedly excellent, intuitive, and advanced software, no such thing exists there. This invisible app is supposed to be available from the user panel as soon as you sign up for the portal. We followed the link to the app log-in page, but our credentials were repeatedly rejected as non-existent despite being registered.

That doesn’t stop the swindlers from assuring us that hundreds of trading assets are available, including:

• Forex – EUR/USD, USD/CHF, USD/GBP
• Stocks – Amazon, Netflix
• Indices – FTSE 100, Euro 50
• Commodities – Brent, gas
• Metals – Silver, Gold, Copper
• Energies – Brent, Crude Oil, Natural Gas
• Cryptocurrency – Bitcoin, Ethereum, BNB

Several Account Types

Since there is no Demo option, users are urged to verify their profiles and deposit real cash as soon as possible. Therefore, opting for a Vega Capital account could easily lead to identity theft.

Fraudsters like Virgo Strategy are famous for promoting all kinds of services, from guaranteed profits to education and support from account managers. This broker does it, too. Prices, however, can even be characterized as affordable:

• Standard – 250$
• Silver – 500$
• Gold – 1.000 $
• Platinum – 2.500$

Not Entirely Honest on Costs

Although legal documents should clarify the costs and commissions the broker applies, you’ll find no concrete information in these vague texts. The website does offer a dose of insight into what trading conditions are present, however. 

For example, the highest offered leverage is capped at 1:300, despite regulatory limits sitting at 1:30. Depending on the account type, spreads can be as low as 0.5 pips, but that remains unproven. Finally, the company boldly reserves its alleged right to change all outstanding fees as it sees fit and without informing the customer before the change.

Murky Payout Conditions

Vega Capital withdrawal is said to be processed within 4 to 7 days, but it takes an additional 5 days for the bank to release the funds. Credit cards seem to be the sole financial channel, but this is left unclear.

Other investment and payout conditions, though, are purposely ambiguous to give the swindlers more room for improvisation. For instance, it is against AML policy to deposit in one currency and withdraw in another – unless the company says otherwise. Non-deposited funds cannot be withdrawn unless the company says they can, in which case a minimum trading volume of 25x the deposit+bonus must be satisfied.

Non-functional Customer Service

The only way to contact the company is via email or a contact form, and this extends to support as well. There are no prompt support options for the clients or, better said, victims. It’s all intentionally set up this way – fraudsters can contact you any time they want, but you can’t get back at them.

Thieves Got Your Money – What Can You Do?

After analyzing the service this would-be broker claims to provide, it has become exceedingly obvious we’re dealing with fraud. Dishonest people running the Vega Capital scam are not likely to return your money out of the goodness of their hearts.

That doesn’t mean your investment is lost, however. For more information on how to recover the stolen money, contact our legal team by using the live chat on our site. Non-deposited funds are 

FAQ

Who Owns the Vega Capital Broker?

The company ownership structure is completely unknown. This unlicensed entity is dangerous, and should be avoided!

How To Withdraw Money From Vega Capital?

The broker does not allow any withdrawals. For help with asset recovery, get in touch with our legal team.