Verified: Vestmarket Trade operates https://vestmarketrd.com/en/home/contact_us.html through the website.
The company's website is currently down and appears to be out of business, and details about the company are not immediately available, so traders are advised to exercise extreme caution in case their funds are compromised due to scams.
On December 2, 2024, the Malta Financial Services Authority (MFSA) issued a warning to Vestmarket Trade, stating that the broker is neither a Maltese registered company nor licensed or otherwise authorized by the MFSA to provide any investment services or other financial services required under Maltese law.
Reviewed Vestmarket Trade is an unregulated broker
According to its website, the company claims to be registered with several regulatory bodies. After investigation, the UK Financial Conduct Authority (FCA), the National Futures Association (NFA), the Italian Companies and Exchange Commission (CONSOB), the Federal Financial Supervisory Authority (BaFin), and the French Financial Markets Supervisory Authority (AMF) did not find matching information.
Additionally, the Malta Financial Services Authority (MFSA) has issued a warning to Vestmarket Trade, stating that the broker is neither a Malta-registered company nor licensed or otherwise authorized by the MFSA to provide any investment services or other financial services required under Maltese law or otherwise authorized.
In essence, Vestmarket Trade is not regulated by any governing body. Entrusting its funds to investors is high-risk, as there are no legal safeguards in place to protect the funds.
Vestmarket Trade appears to be a scam.
And most non-compliant brokers do not disclose providing their direct and authentic contact information, such as phone numbers or company addresses.
Note: Vestmarket Trade operates as an unregulated broker, which means that clients' investments may not be adequately protected. The absence of regulatory authority to hold companies accountable increases the risk of potential financial losses.
If you invest with an unregulated broker, there's a good chance they'll run away with your hard-earned money without any recourse. Therefore, investors must be extremely cautious and remind everyone to stay away from these unregulated as much as possible when choosing a broker.
