Vintage Markets Review: Who Is Behind VintageMkts.Com?
Vintage Markets could easily deceive you into believing they are a legitimate and experienced broker, licensed and authorized in Cyprus and the broader EU. Offering alluring trading conditions with a variety of trading instruments like forex pairs, raw and energy commodities, stocks, indices, precious metals, bonds, and cryptocurrencies, as well as assurances for the highest level of security for your money.
In reality, the broker is unregulated and blatantly exhibits every sign of fraud. For whatever reason, if you are still debating their offer, reconsider, and read our Vintage Markets review.
This also applies to dealing with dishonest brokers like the ones I’ve named below Acuity Trades Fx, Xeno Capital, and Sagicor Finance.
Licensing and Security of Vintage Markets
According to Vintage Markets, Vintage Markets Limited is the owner and operator of the business. It advertises itself as a Cyprus investment firm, is registered with and subject to the regulation of the CySEC, with the right to provide services to the entire EU.
And that proved to be a blatant lie. Vintage Markets are not regulated anywhere, including Cyprus. We thoroughly searched the CySEC registers since we never take anything a new broker claims for granted.
However, neither a company called Vintage Markets Limited nor a broker named Vintage Markets could be discovered there. They do not provide any documentation necessary for a licensed broker.
There are simply the Terms and Conditions, which are accessible via the account registration form. This document does not state the name of the legal body or the relevant jurisdiction.
VintageMarkets makes no guarantee about the security of your money. Cash security is therefore a crucial aspect to consider on any platform. Numerous warning signs are revealed by the investment firm, warning people against making investments with the broker.
Additionally, you should pay attention to the warnings from negative reviews from victims when investing your money. Most traders that invest money in Vintage Markets state that they have lost money.
Vintage Markets Trading Platform Overview
Vintage Markets claims to provide both a web trader and MetaTrader4, a well-known trading platform. Furthermore, Vintage Markets promotes the industry standard MetaTrader5, despite the fact that the platform isn’t at all available.
The platform solely offers cryptocurrency; it makes no mention of the promoted currencies, stocks, or other assets.
Whatever the case, the fact that Vintage Markets openly fabricates its regulatory status in an apparent effort to defraud traders is unaffected by the existence of trading software and obviously bears all the signs of a scam.
Deposits and Withdrawals Methods
Although Vintage Markets’website states that it accepts payments from bank and wire transfers, credit /debit cards like VISA and Mastercard, as well as e-wallets like PayPal, Skrill, and etc. In reality, it only accepts Bitcoins.
That should come as no surprise given that a bitcoin payment sometimes cannot be undone if you discover you’ve been duped and try to get your money back. Not to add, you can never be certain that the bitcoin wallet you are sending money to actually belongs to the person you think it does.
The minimum deposit amount is stated to be simply $250 USD, and at another, it is stated to be $1,000 USD. Whatever the case, keep in mind that most brokers would rarely request more than $250 USD for a regular account.
There are no disclosed withdrawal guidelines for Vintage Markets. It is uncertain how long it takes to handle similar requests. Scammers keep your money for a long time. They eventually find ways to take your money and vanish into thin air. If you are dissatisfied with the broker’s services, you cannot get your money back under its refund policy.
How Is Fraud Set Up?
We are often tempted by the promises of quick cash we see online. But the vast majority of these promises—if not all of them—are being made by scammers. The hype surrounding cryptocurrencies has led to many fraudulent scams involving websites acting as brokers.
If you give one of these scammers your contact information, they will start convincing you that they will increase your money and that all you have to do is lay back and enjoy the rewards. Once you agree to a small initial investment of a few hundred dollars, they will start convincing you to invest more.
However, you will never receive the promised earnings or your initial investment. The fact that they are unregulated, gives them the opportunity to avoid all the rules and regulations by hiding behind offshore companies. They use cryptocurrency, questionable payment sites, and direct bank transfers to send money, which makes it very challenging or even impossible to recover the funds. There are always loopholes in the terms and conditions that prevent you from getting your money out.
Forex Brokerage Suggestions
We advise our readers to use licensed brokers from the EU, UK, US, Australia, or any other licensed brokers when deciding how to invest their hard-earned money. With licensed brokers, a number of financial compensation programs and anti-fraud procedures are in place. In comparison to this broker and other brokers of a similar type, they actively promote the exact opposite.
The brokers listed below are reputable, licensed, experienced, and come highly recommended by industry professionals.
|FXTM Broker||Cyprus, UK, Mauritius||4.5||$10||Forextime.Com|
|OctaFX Broker||Cyprus, SVG||4.4||$100||OctaFX.Com|
|FP Markets Broker||Australia, Cyprus||4.7||$100||FpMarkets.Com|
|XM Broker||Cyprus, Belize, Australia||4.7||$5||XM.Com|
|HFM HF Markets Broker||Cyprus, UK, South Africa, UAE, Kenya||4.3||$5||HFM.Com|
|FBS Broker||Cyprus, Belize, Marshall Islands||4.85||$100||FBS.Com|
Vintage Markets Summary
For investment purposes, VintageMarkets is not dependable. The investment company functions as a trading entity, but there are many ambiguous aspects that call into question how it does so.
Given that Vintage Markets is unregulated and lacks all required licenses and paperwork, it is safe to assume that it is a fraud.
Financial market investing is not for the faint of heart. It would be best to do some research and read reviews from reputable sources before making an investment. The trading methods used by this investment broker are terrible.
You shouldn’t feel ashamed or embarrassed about reporting fraud. Any negative experiences you may have had with other dishonest brokers would be greatly appreciated so we can help you by alerting the authorities to the scammer.
FAQs About Vintage Markets Broker
Is Vintage Markets a Regulated Broker?
According to extensive research, Vintage Markets’ claim that it is regulated by CySEC is false.
Is My Money Safe with Vintage Markets?
With Vintage Markets, your money is not secure; there is a significant risk when investing there.
Does Vintage Markets Offer Demo Account?
No, they do not provide their users with a Demo Account.