Vantage Trade, also known as VantageTrade.live, has raised serious concerns among users and regulators, including being suspected as a scam. The platform claims to be a financial trading service with an address listed at 55-61 High St, Eltham, United Kingdom, SE9 1TD, along with a contact number and email (support@vantagetrade.live). However, the company’s legitimacy is highly questionable, with multiple red flags indicating potential fraud. If you are planning to trade with Vantage Trade, you should read this comprehensive Vantage Trade review.
Website – https://vantagetrade.live/
Website Availability – No
Address – 55-61 HIGH ST, ELTHAM, UNITED KINGDOM, SE9 1TD
Blacklisted Status – Financial Conduct Authority (United Kingdom)
Domain Age Information –
- Domain Name: vantagetrade.live
- Registry Domain ID: 99fb102ad4974b5c9c1f92722ba688dc-DONUTS
- Registrar WHOIS Server: http://www.hostinger.com
- Registrar URL: http://www.hostinger.com
- Updated Date: 2024-10-28T22:34:28Z
- Creation Date: 2024-05-18T22:13:31Z
- Registry Expiry Date: 2025-05-18T22:13:31Z
Website and Contact Issues
A significant red flag is the inaccessibility of Vantage Trade’s website. When users attempt to visit https://vantagetrade.live/, the site fails to load, suggesting it may have been taken down or abandoned by the operators. In addition to the non-functional website, reviews mention a lack of responsiveness to email and phone inquiries, pointing to poor customer service practices often associated with scam operations.
Unregulated Status
Vantage Trade operates without regulatory oversight, which increases the risk for investors. The company is not registered with the Financial Conduct Authority (FCA) in the UK or any other recognized financial regulator. Trading platforms operating without regulation lack accountability, often leaving investors vulnerable to unfair practices, unprotected funds, and, in many cases, outright financial loss.
Warning from the Financial Conduct Authority (FCA)
The FCA, the UK’s primary financial regulatory body, has flagged Vantage Trade, issuing a public warning about its unregulated status and the risks it poses to investors. The warning is a clear signal that the company’s practices are not in compliance with UK financial laws, adding weight to the suspicion that Vantage Trade is likely a fraudulent operation. Investors are advised to stay clear of any financial entity that has been red-flagged by reputable regulatory bodies.
Conclusion
The combination of an inaccessible website, lack of regulation, and a warning from the FCA makes Vantage Trade highly suspicious. Potential investors are strongly advised to avoid any dealings with Vantage Trade and seek alternative, reputable trading platforms regulated by recognized financial authorities. In cases where funds have already been invested, contacting funds recovery agencies and reporting the company to the appropriate regulatory bodies are recommended steps.
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