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Score

1.29 /10
Danger

Vistova

Saint Lucia

Scam Brokers

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.vistovamarkets.com/

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Comparison

Quantity 22

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index5.32

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Vistova Markets Limited

Company Abbreviation

Vistova

Platform registered country and region

Saint Lucia

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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This platform is a Ponzi Scheme. Please stay away! 5
Previous Detection : 2025-05-01
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

WikiFX Verification

Exposure

22 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Scam

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

FX6845073
2024-03-19 14:57
Unable to Withdraw

Scam

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.

FX3753670
2024-03-19 14:01
Unable to Withdraw

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.

HUANGAWEN
2024-03-15 16:34
Unable to Withdraw

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.

WUXIAOJIE
2024-03-21 16:24
Vistova · Company 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.

News

ExposureMost 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.

WikiFX
2024-03-05 13:18
Most Complained Brokers In February 2024 By U.S. Traders
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User Reviews

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User comment

4

Comments

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yvett
more than one year
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.
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.
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2024-07-11 18:15
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Pierre Lug
more than one year
Signed up for a Vistova account because they advertised commission-free trading. But later, I found they had hidden fees, so I left already .
Signed up for a Vistova account because they advertised commission-free trading. But later, I found they had hidden fees, so I left already .
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2024-06-28 15:14
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