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Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10
The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.

Vistova

Saint Lucia Saint Lucia | 2-5 years |
Scam Brokers | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://www.vistovamarkets.com/

Website

Rating Index

Regulation 2.69 Tech 4.31 Reputation 2.48 Business 5.77 Risk Control 0.00
1.21

Contact

+1758 054-4432398
https://www.vistovamarkets.com/
Office No. MF-072 Golden Eyes Business Center, Al Muteena Area, Deira, Dubai, UAE
The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.

license Forex License

No forex trading license found. Please be aware of the risks.

This platform is a Ponzi Scheme. Please stay away!
  • This broker has been verified as unauthorized. All of its previous licenses have expired, and it has been placed on WikiFX's Scam Brokers list. Please be aware of the high risk.
5

Basic Information

Registered Region
Saint Lucia Saint Lucia
Operating Period
2-5 years
Company Name
Vistova Markets Limited
Email
support@vistovamarkets.com
Contact Number
+17580544432398
吳小姐

吳小姐

Unverified

Taiwan

In order to receive the hot stocks on FB, link to the FB message called "Eagle Spreading Wings". Then I joined his line and met an investment consultant who called himself Guo Zhenrong. Later, his assistant Misia invited me to join the Baoxin Investment Consulting elite team group. Teacher Guo proposed a compound interest plan to help the world. The cooperative foreign exchange platform is Vistova. Manager Chen is responsible for fund supervision and deposits and withdrawals, using MT5 as the order platform. It advertises the operation of crude oil and gold CFD contracts, claiming that it can make amazing profits, so I started this plan. It is also emphasized that those who participate in the operation are exempted from the commission for the first half month, and after half a month, they must pay the feedback commission according to the fund level, so as to attract the group members to invest more funds in the short term. I increased my bet to 5.1 million within 5 days. After the operation date, I applied to withdraw US$30,000, which is equivalent to about NT$960,000, but only NT$300,000 was withdrawn. I thought it was strange and asked Teacher Guo and Manager Chen what was wrong, because it was the first time to withdraw money. I didn't dare to be too arrogant and refused to withdraw money, so I made a top-up of NT$960,000. I successively withdrawn a total of about NT$1.7 million. However, the amount withdrawn is not recorded in one lump sum, but is split into 300,000 each, which makes it feel weirder! Therefore, I want to withdraw the remaining principal of NT$3.4 million first, and only keep the profit part to continue the operation. Moreover, Teacher Guo emphasized that it is up to the individual to decide how much money he wants to withdraw, and he will definitely be able to withdraw it without any problems. Unexpectedly, Manager Chen told me that my account was suspected of being involved in money laundering and had been frozen and could not be withdrawn. I had to pay one-half of the principal, about 2.5 million, as a deposit before I could withdraw it! I was determined not to pay any more funds, and the two sides were in a stalemate. Finally, Manager Chen told me: The Financial Supervisory Commission issued a list of abnormal accounts to clear. I was frightened and quickly made up 2.5 million, but then they kept giving various excuses to prevent me from withdrawing money. I realized it's a scam.

FX6845073

FX6845073

Unverified

Singapore

Fraudulent misappropriation of assets. Dividends have not been paid and the account is locked preventing transactions. Request a refund of my money. Please email us. report@forteclaim.com

FX3753670

FX3753670

Unverified

United States

I once deposited over $100,000 into the exchange! I placed a withdrawal order for $25,000 and it was declined. All funds will be gone permanently. Please stay away from this platform. It is a scam.

Pierre Lug

Pierre Lug

Unverified

France

Signed up for a Vistova account because they advertised commission-free trading. But later, I found they had hidden fees, so I left already .

Neutral

外匯天眼中文繁体

外匯天眼中文繁体

Unverified

Taiwan

Vistova teamed up with Baoxin Investment Consulting to defraud money and refused to give out money for various reasons. She joined Baoxin Investment Consulting by chance on the Internet. First, she joined a group to promote stocks and paid a membership fee of 10,000 yuan. At first, all the stocks she gave were profitable, and later They all lost money, and the loss reached 110,000. They said that the stock market was not easy to change and they went to gold and crude oil, and the loss of 110,000 could be made up for. I was asked to open an account at Vistova to store value. I initially deposited 200,000 in value and then followed up. Later, I kept asking for more funds. Because I wanted to add a large amount of 2 million, I wanted to try to withdraw it, but I couldn't withdraw it. The website also turned into a scam website that day. Although the website was restored later, the same excuse said that I had to pay the share first and blacklisted me. I paid more than 50,000 yuan in dividends but they still refused to collect it. I was delayed and said that I would have to wait until after Christmas or New Year’s Day. Vistova customer service manager Chen canceled my LINE platform website and I couldn’t access it. I asked the group what happened, Lian Bao Xin Tou Gu also quit my group, and the website became a scam website again. Someone should have reported it to the police. I told my assistant that I would go to the police if he didn’t withdraw the money for me. She also deliberately choked me and asked me to go to the police. But she wouldn’t withdraw the money for me. There are currently 31,914 US dollars (about NT$1 million) in it, which cannot be withdrawn.

Fx4679443

Fx4679443

Unverified

United Kingdom

If anyone still thinks that they are still investing in this company, they should immediately give an order to withdraw their money, save their money with Forteclaim and walk away without even looking back. Otherwise, they will defraud you with all kinds of schemes with their fraudulent algorithms and make you believe that your money has gone bankrupt.

Fxtrader119

Fxtrader119

Unverified

United States

Investing with this company put me in a dilemma and has led me to put out multiple complaints ,because I don’t understand how I can invest so much and not get the permission to withdraw when I want to

Shuang92

Shuang92

Unverified

Hong Kong

On September 21st, I joined Baoshin Investment Group, who offered me high returns from investing in gold and oil. I found it all very interesting and was introduced to Mr. Chen, who claimed to be the General Manager of Vistova. So I decided to deposit about 4 million RMB and everything was going well until the second time I withdrew my money when they made excuses for me to withdraw my money and I had to pay the commission they asked me to pay. Eventually I could not withdraw any more and I told them I was going to report them to the police for fraud. Today I received an email from Vistova and they explained to me that Mr. Chen is not the managing director of the company, he is just an agent who introduces clients. Mr. Chen and Baoxin Group committed fraud and stole my money. Vistova wants me to help report the scammers and I just want to help get my money back.

23
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Verified Site
模块说明(前端未翻译)

  • India vistovamarkets.com
    217.21.85.218
  • United States vistovamarkets.com.tw
    104.21.67.248
  • United States vistovamarketlimited.com
    104.21.70.29

Company Profile

Company Profile

Review summary

AspectInformation
Company NameVistova
Registered Country/AreaSaint Lucia
Founded Year2023
RegulationUnregulated
Minimum Deposit$500
Market InstrumentsCFDs, Futures, Commodities, Indices
Account TypesIndividual account
Spreads&commissionsAs low as 0 pips, 0 commissions
Trading PlatformsVistoca app(based on Meta Trader 5)
Demo AccountAvailable
Customer SupportEmail:support@vistovamarkets.com,Phone:054-4432398
Deposit & WithdrawalBank transfer,credit/debit card

Overview of Vistova

Vistova, a newly established unregulated trading company founded in 2023 and headquartered in Saint Lucia, offers a range of financial services. The minimum deposit requirement to open an individual account with Vistova is $500.

Traders can access various market instruments, including CFDs, futures, commodities, and indices. Vistova offers competitive spreads as low as 0 pips, and it does not charge commissions for trading. The trading platform provided is the Vistoca app, which is based on Meta Trader 5.

Clients have the option to explore their trading strategies through a demo account, and customer support can be reached via email at support@vistovamarkets.com or by phone at 054-4432398.

Overview of Vistova

Is Vistova Legit or a Scam?

Vistova Markets Limited is an unregulated trading company operating as a Ponzi scheme. It uses new members' money to pay returns to existing ones, making it essentially a pyramid scheme. By exploiting people's desire for wealth, fraudsters raise funds covertly. These platforms typically collapse within 1 to 2 years and rarely survive longer than 3 years.

Pros and Cons

ProsCons
Low Minimum DepositLack of Regulation
Competitive SpreadsLimited Account Types
Vistoca App
Demo Account Available
Diverse Market Instruments

Market Instruments

Vistova Markets Limited provides a diverse array of market instruments, allowing traders to explore various asset classes for investment opportunities:

  1. CFDs (Contracts for Difference):
    1. Vistova offers CFD trading, which allows traders to speculate on the price movements of a wide range of underlying assets without owning the assets themselves. This includes assets like stocks, commodities, and indices.
  2. Futures:
    1. Traders can engage in futures trading through Vistova, providing exposure to contracts that obligate the purchase or sale of an asset at a predetermined price on a future date. Futures can cover commodities, financial instruments, and more.
  3. Commodities:
    1. Vistova allows traders to participate in the commodities market, which includes trading in physical goods like metals, energy products, and agricultural commodities. This offers diversification and potential hedging opportunities.
  4. Indices:
    1. The platform facilitates trading in global indices, giving traders access to the performance of entire stock markets or specific sectors. This can provide a broad-based approach to equity market investments.
Market Instruments

Account Types

Vistova Markets Limited offers a single account type known as the “Individual account.” Traders have the option to open and operate this account type, which caters to individual investors.

Spreads & Commissions

Vistova Markets Limited distinguishes itself by providing traders with competitive spreads and commission-free trading.

Spreads & Commissions

Trading Platform

Vistova Markets Limited offers its clients access to the MetaTrader 5 (MT5) trading platform, providing a powerful and versatile tool for trading various financial instruments.

The MT5 platform is known for its user-friendly interface, advanced charting tools, technical analysis capabilities, and support for automated trading through Expert Advisors (EAs). Traders can benefit from the convenience of trading on the MT5 platform.

Trading Platform

Deposit & Withdrawal

Vistova Markets Limited provides traders with several deposit and withdrawal options, along with specific minimum deposit requirements:

Payment Methods:

  • Bank Transfer: Traders can fund their accounts using bank transfers, which involve transferring funds from their bank accounts to their trading accounts with Vistova.
  • Credit/Debit Card: Vistova accepts deposits made via credit and debit cards, allowing for convenient and secure transactions.

Minimum Deposit:

  • The minimum deposit requirement at Vistova Markets Limited is $500. Traders must deposit at least this amount to open and fund their trading accounts.

Customer Support

Vistova Markets Limited provides customer support to its clients through various channels, including email and phone contact. Clients can reach out to the company's support team by emailing them at support@vistovamarkets.com or by calling the provided phone number, 054-4432398.

Additionally, the physical address of Vistova is Office No. MF-072 Golden Eyes Business Center, Al Muteena Area, Deira, Dubai, UAE.

Customer Support

FAQs

Is Vistova Markets Limited a regulated broker?

No, Vistova Markets Limited operates without regulatory oversight.

What is the minimum deposit requirement to open an account with Vistova?

The minimum deposit to open an account with Vistova is $500.

What trading platform does Vistova offer?

Vistova offers the MetaTrader 5 (MT5) trading platform.

Company Profile

  • Scam Brokers
  • 2-5 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

News

Most Complained Brokers In February 2024 By U.S. Traders

Exposure Most Complained Brokers In February 2024 By U.S. Traders

February 2024 report reveals the top complained-about unlicensed brokers in financial trading, emphasizing the importance of due diligence, based on WikiFX data.

Wiki Q&A

Is Vistova safe and reliable?

According to WikiFX assessment, Vistova exhibits a high-risk profile. The broker holds a low overall score of 1.40 out of 10, with a regulatory index of 0.0, indicating a complete lack of credible financial oversight. Additionally, numerous user exposure reports highlight serious issues such as withdrawal failures and account freezes, further undermining its reliability.

07-15
United States

Is Vistova regulated?

No, Vistova is not regulated by any recognized financial authority. The broker is registered in Saint Lucia under the name Vistova Markets Limited, but it holds no valid forex trading licenses from any major regulatory body such as the FCA, ASIC, or CySEC. This absence of oversight places it in the category of unregulated entities.

07-15
United States

What is the minimum deposit of Vistova?

The minimum deposit amount for Vistova is not publicly disclosed. Based on user reports, deposits have been made in varying amounts, but no official minimum has been stated by the broker.

07-15
United States

Does Vistova support MT4 or MT5?

Vistova supports the MetaTrader 5 (MT5) platform. This is confirmed by user exposure reports that mention using MT5 for trading crude oil and gold CFDs.

07-15
United States
View More

User Feedback23

This broker has not yet registered on WikiFX, so we cannot communicate user feedback for it.
吳小姐
吳小姐
3-5 years
After receiving the investment in soaring stocks, the total loss in foreign exchange was nearly 10 million!
In order to receive the hot stocks on FB, link to the FB message called "Eagle Spreading Wings". Then I joined his line and met an investment consultant who called himself Guo Zhenrong. Later, his assistant Misia invited me to join the Baoxin Investment Consulting elite team group. Teacher Guo proposed a compound interest plan to help the world. The cooperative foreign exchange platform is Vistova. Manager Chen is responsible for fund supervision and deposits and withdrawals, using MT5 as the order platform. It advertises the operation of crude oil and gold CFD contracts, claiming that it can make amazing profits, so I started this plan. It is also emphasized that those who participate in the operation are exempted from the commission for the first half month, and after half a month, they must pay the feedback commission according to the fund level, so as to attract the group members to invest more funds in the short term. I increased my bet to 5.1 million within 5 days. After the operation date, I applied to withdraw US$30,000, which is equivalent to about NT$960,000, but only NT$300,000 was withdrawn. I thought it was strange and asked Teacher Guo and Manager Chen what was wrong, because it was the first time to withdraw money. I didn't dare to be too arrogant and refused to withdraw money, so I made a top-up of NT$960,000. I successively withdrawn a total of about NT$1.7 million. However, the amount withdrawn is not recorded in one lump sum, but is split into 300,000 each, which makes it feel weirder! Therefore, I want to withdraw the remaining principal of NT$3.4 million first, and only keep the profit part to continue the operation. Moreover, Teacher Guo emphasized that it is up to the individual to decide how much money he wants to withdraw, and he will definitely be able to withdraw it without any problems. Unexpectedly, Manager Chen told me that my account was suspected of being involved in money laundering and had been frozen and could not be withdrawn. I had to pay one-half of the principal, about 2.5 million, as a deposit before I could withdraw it! I was determined not to pay any more funds, and the two sides were in a stalemate. Finally, Manager Chen told me: The Financial Supervisory Commission issued a list of abnormal accounts to clear. I was frightened and quickly made up 2.5 million, but then they kept giving various excuses to prevent me from withdrawing money. I realized it's a scam.

Taiwan

外匯天眼中文繁体
外匯天眼中文繁体
3-5 years
The platform does not give withdrawal for various reasons, including a series of tactics from stocks to foreign exchange.
Vistova teamed up with Baoxin Investment Consulting to defraud money and refused to give out money for various reasons. She joined Baoxin Investment Consulting by chance on the Internet. First, she joined a group to promote stocks and paid a membership fee of 10,000 yuan. At first, all the stocks she gave were profitable, and later They all lost money, and the loss reached 110,000. They said that the stock market was not easy to change and they went to gold and crude oil, and the loss of 110,000 could be made up for. I was asked to open an account at Vistova to store value. I initially deposited 200,000 in value and then followed up. Later, I kept asking for more funds. Because I wanted to add a large amount of 2 million, I wanted to try to withdraw it, but I couldn't withdraw it. The website also turned into a scam website that day. Although the website was restored later, the same excuse said that I had to pay the share first and blacklisted me. I paid more than 50,000 yuan in dividends but they still refused to collect it. I was delayed and said that I would have to wait until after Christmas or New Year’s Day. Vistova customer service manager Chen canceled my LINE platform website and I couldn’t access it. I asked the group what happened, Lian Bao Xin Tou Gu also quit my group, and the website became a scam website again. Someone should have reported it to the police. I told my assistant that I would go to the police if he didn’t withdraw the money for me. She also deliberately choked me and asked me to go to the police. But she wouldn’t withdraw the money for me. There are currently 31,914 US dollars (about NT$1 million) in it, which cannot be withdrawn.

Taiwan

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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com