Customer Reviews of VouDeal Broker: Expert Review
Many companies offer brokerage services on the stock exchange, but not all of them are honest. Some enterprises take advantage of consumer distrust and lack of information. In this review, we will examine the activities of the company VouDeal and determine to which group it belongs.
Main Facts about VouDeal
The VouDeal company website looks standard and does not attract attention with its originality. The information about 2018, when, according to their claims, they started operating in nearly 100 countries, is unreliable. However, domain data shows that until 2019, this company was involved in discount and coupon aggregation. The website was updated in 2021, as confirmed by Whois data and online reviews.
The legend of long and successful market activity clearly looks unconvincing, as there are no mentions of the company before the current year. The addresses and contact information also raise doubts: the office in Cyprus is listed in a medical center, and the mentioned registration does not exist.
Legal Documentation and Licenses
VouDeal claims to have licenses from the Cyprus Securities and Exchange Commission, the International Financial Services Commission of Belize, and the Financial Services Commission of Mauritius. However, searches in the regulators’ registers did not confirm the existence of such documents.
VouDeal’s activities remain unregulated, leaving room for scammers to act with impunity. To provide services to Russian citizens, a license from the Central Bank of Russia is required, but the company shows no interest in legal activities.
Trading Conditions at VouDeal
Clients are offered a choice of three types of accounts, without the option to start with a demo account. The initial deposit is from $150, but reviews indicate that clients are often deceived, promising quick and easy profits.
A leverage of up to 1:500 may seem attractive but can easily lead to the loss of all invested funds. The company does not provide educational materials and does not disclose information about the trading platform.
User Reviews of VouDeal
There are only a few customer reviews of VouDeal, and all of them are negative. Users share their disappointment and bad experience of working with this company.
VouDeal Fraud Scheme
The VouDeal broker uses simple fraud schemes, offering clients fake trading operations. Manipulations with the trading platform allow scammers to easily deceive clients.
Why You Should Avoid Opening an Account at VouDeal
VouDeal is a scam company, all the information on their website is false. This project is not reliable and will soon disappear, despite deceiving a large number of people. It is recommended to refrain from working with this company to avoid wasting time and money.
