Vantage: company reviews in 2022
Running from Regulators: How Financial Scammers Operate
It’s strange to see the strategy of financial scammers: create multiple clone websites, evade regulators’ control, and hide negative reviews. A common practice for them is to keep the company names the same, only changing domains. An example of this is a firm called Vantage. The company has once again changed its location, but reviews of previous versions are easily found on search engines.
Looking at Vantage: Negative Reviews and Legal Aspect
Let’s examine why this firm has gathered such evasive negativity and what its legal position is.
Meeting Vantage: Rhetoric and Credibility
According to the company’s claims, Vantage has been operating successfully since 2009 and has over 50,000 satisfied traders. According to their information, Vantage adheres to strict international security and regulatory standards, providing services in 172 countries (with offices in 30 of them).
A WHOIS analysis showed that the domain vantagemarkets.com was registered in 2017, which contradicts the claims of long-term activity. Moreover, despite the age of the site, its activity began only in January 2022, with the preceding period being silent.
Roskomnadzor has already expressed suspicion of fraud and blocked the platform. The regulator’s doubts are confirmed by negative reviews in the Russian segment about Vantage. The presence of Russian-language content on the site indicates the company’s desire to continue cooperation with Russian traders.
Legal Side
Vantage Global Limited, responsible for the brand, is an offshore company registered in Vanuatu under the management of VFSC (document #700271). However, there are no confirming documents on the platform. An inspection by the Vanuatu regulator revealed that the company lost its offshore license.
In addition, the company bases lies on the existence of licenses in other jurisdictions:
- Cayman Islands (Vantage International Group Limited),
- Australia (Vantage Global Prime Pty Ltd),
- Cyprus (Vigglobal Holding Cy Ltd).
In Russia, the pseudo-broker is not authorized to operate in brokerage activities. Both Roskomnadzor and the Central Bank of the Russian Federation have added it to the blacklist. The Central Bank’s website contains a list of domains controlled by scammers: vantagefx.com, ru.vantagefx.com, secure.vantagefx.com, ru.vantage-markets.com, secure.vantage-markets.com, www.vantagemarkets.com, secure.vantagemarkets.com.
Client Reviews
There are currently no reviews about vantagemarkets.com online, however, previous projects by these scammers are described as scams and financial pressure. Traders have suffered losses amounting to thousands of dollars.
Scheme Methodology
Vantage targets beginners who want to learn for free, experience trading, and continue it under the guidance of professionals. They manipulate successful deals to beginners, encouraging quick money investments.
For additional income, newcomers are offered to join a high-paying affiliate program.
In Conclusion
Vantage constantly changes its websites, but their essence remains the same. It’s about a second-rate financial scheme that has already caught the attention of the Central Bank of the Russian Federation. Trusting the regulatory body can avoid troubles. Otherwise, risks will devour and crumbs will be left.