It is extremely important for an investor to know about a broker before starting to trade with a new broker. If you are planning to trade with Virtual Asset Ventures, you should read this comprehensive Virtual Asset Ventures review. Scam Help Center Team suspects Virtual Asset Ventures as a scam broker. Read the details here.
Website – https://www.virtualassetventures.com/
Website Availability – YES
Address – United Kingdom
Blacklisted Status – Financial Conduct Authority (UK)
Domain Age Information –
Domain Name: VIRTUALASSETVENTURES.COM
Registry Domain ID: 2863735168_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.namesilo.com
Registrar URL: http://www.namesilo.com
Updated Date: 2024-03-15T10:13:19Z
Creation Date: 2024-03-15T09:59:42Z
Registry Expiry Date: 2025-03-15T09:59:42Z
Fraudulent Activities of Virtual Asset Ventures broker
Virtual Asset Ventures describes itself as an AI-powered marketplace for trading digital assets like stocks, NFTs, Forex, and web domains, as well as crypto arbitrage. Notably, the Financial Conduct Authority (FCA) has issued a warning about the website, which operates without regulatory oversight. Investors should exercise caution because there is no regulation, which may pose risks to transparency and investor protection. Before using Virtual Asset Ventures or any other platform comparable to it to assess the risks and suitability of such investments, users should conduct extensive research and consult with financial experts.
Negative Reviews and Red Flags
A key consideration in assessing the reliability of Virtual Asset Ventures is the frequency of negative Virtual Asset Ventures reviews on various platforms. These reviews frequently attract attention to concerns like withdrawal difficulties, unhelpful customer service, false information, and obvious fraud. Due to the many negative Virtual Asset Ventures reviews, which highlight the risks involved in trading on the platform, prospective investors are advised to proceed with care and look into other, more reliable brokers.
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Regulatory Warnings and Their Significance
The absence or lack of reliable regulatory control is one of the most significant signs of potential fraud. Warnings against unlicensed brokers who operate without following established financial standards are issued by regulatory agencies including the SEC, FCA, FINMA, ASIC, BaFin, FMA, CONSOB, etc. To verify the legitimacy of Virtual Asset Ventures operations and the security of investor funds, check the regulatory warnings.
A regulatory license ensures that the broker abides by stringent rules on enough capital, transparency, and moral behavior, which serves as an additional layer of protection for traders. It adds an extra level of assurance that is absent when dealing with unregulated companies by providing investors with a way out in the event of conflicts or misbehavior.
Why Is Trading with an Unlicensed/Unregulated Broker’s Platform Not Preferable?
Due to the high risks involved, trading on an unregistered broker’s platform is not recommended.
- Money might not be separated, which would make it more susceptible to loss in the case of the broker’s bankruptcy or financial mismanagement.
- Transparency is sometimes lacking in operations, which leaves traders vulnerable to false information and unstated costs.
- The entire trading experience is undermined by generally worse service quality, poor customer assistance, and antiquated trading systems.
- Selecting a registered broker guarantees compliance with regulations that protect investors and advance a safer and more open trading environment.
Final Conclusion- Is Virtual Asset Ventures a Scam or legit broker?
Based on the regulatory warnings and negative reviews surrounding Virtual Asset Ventures, it appears to lean towards the classification of a potential scam. It is recommended that investors proceed with utmost caution and consider other brokers that have legitimate regulatory licenses and good standing in the trading community.
Concerned about potential scams? Protect yourself from scam brokers by getting a free consultation.
Got Scammed by Virtual Asset Ventures? Scam Help Center Is Your Solution for refund!
For victims of Virtual Asset Ventures scams, getting help through platforms like the Scam Help Center is important. If you suspect fraud, filing a chargeback might help you get your funds back. To successfully enhance your case and speed up the recovery procedure, take immediate action and document everything thoroughly.
Find out more about your chargeback rights and available solutions. Contact us for expert guidance.
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