Vistova Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.vistovamarkets.com/, the company's legitimate regulatory information to enhance the security of the company's address Office No. MF-072 Golden Eyes Business Center, Al Muteena Area, Deira, Dubai, UAE.
Vistova Forex Broker
Basic information
Saint Lucia
Scam Brokers 1-2 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
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.
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
| Pros | Cons |
| Low Minimum Deposit | Lack of Regulation |
| Competitive Spreads | Limited 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:
- CFDs (Contracts for Difference):
- 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.
- Futures:
- 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.
- Commodities:
- 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.
- Indices:
- 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.
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.
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.
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.
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.
Rating Index
Vistova Similarly Rated Brokers
Latest Reviews
Pierre Lug
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
2024-06-28
吳小姐
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.
Exposure
2024-03-21
yvett
Kazakhstan
Vistova is top-notch when it comes to education resources! They offer comprehensive guides, tutorials, and webinars that are perfect for traders of all levels. Plus, their demo account is a great way to practice and test strategies without risking real money.
Positive
2024-07-11