Beware! VastCryptoProInvest.online is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
There are certain brokers that you know are scams just by the first seconds of opening them. VastCryptoProInvest.online is one of these, and there was not a single moment when we were conflicted with our preliminray impressions. This broker was from the first sight to the last full stop a full scam and a risk to all. Its website is very inadequate and looks like most scam out there. The following review expands a little on what makes VastCryptoProInvest.online so bad and so untrustworthy, so it would be wise to read it.
There was no registering because the broker never verified our account request. It figures pretty much, considering our intentions with it; we are not users and have no interest in VastCryptoProInvest.online, except to strip it down to its scammer core.
So, we had to rely on the website for all the trading and payment details, meaning that we had to trust VastCryptoProInvest.online, which we don’t. So take the following information with a grain of salt.
As per the site, the available assets to trade with are forex currency pairs, indices, cryptocurrencies, energies, shares, options, and ETFs. The broker promotes ridiculous leverages: 1:1000 for the EUR/USD pair, 1:5000 for the gold commodity, and 1:100 for BTC. The only realistic one is the EUR/USD one. but it still is times over the standard value. As for the gold one, commodities usually have lower leveage caps than currency pairs, most of the times under 1:100. And crypto assets have no more than 1:5, making the 1:100 claim perhaps the most ridiculous of all!
There were no spread values anywhere.
VASTCRYPTOPROINVEST.ONLINE REGULATION AND SAFETY OF FUNDS
VastCryptoProInvest.online provides a certificate of incorporation in the UK, but gets the name wrong, as if in some comedic sketch. But for us it’s not funny, but pathetic that the broker has not even made sure this information to be correct, no matter if it is forged or not. This claim that VastCryptoProInvest.online is registered in the UK can easily be thrown away. The UK is one of the heaviest regulated FX nations on the world, where the local FCA has all the power to deny or allow brokers. If the likes of VastCryptoProInvest.online start to get approved then the industry as a whole will fall into desperation. Such brokers can never be allowed to be legit. Here is a pic of the false certificate:
And so we have no further information for you today. Therefore let us not delay the obvious: VastCryptoProInvest.online is not licensed and a risk to all!
If you are investing in an unregulated broker better not invest at all; at least in the latter occasion you will not be ensnared in an investment scam that will not only take your money but will greatly waste your time and energy. Better yet, if you have the will to invest, and either are skilled at it or want to expand your knowledge, there is no better way to go than any of the European, UK, US, or Australian brokers we have compiled for you. These are all regulated, and so are up to industry standards, but are also limited in the amount of freedom they can have by some of the top regulators!
VASTCRYPTOPROINVEST.ONLINE TRADING SOFTWARE
A scammer broker can only become worst if it offers investment packages. Well, here they are:
These have been used instead of a good old trading platform. Now that none of these are true, and once a user invests all the money will be stolen. These plans are specifically created to seem too good to be true! There is no way that a $1500 deposit will generate $4499 in profit after 6 days; it’s unreasonable to believe it!
VASTCRYPTOPROINVEST.ONLINE DEPOSIT/WITHDRAW METHODS AND FEES
According to the website, the minimum deposit is $500, which is ok, but still is a lot of money to risk on a scammer broker.
And that’s pretty much all of the information that we have on payments. There is nothing here to add, and it’s very worrying that there is no withdrawal info. By all means, one can think that withdrawals will be unavailable.
In our experience very few unlicensed brokers allow for withdrawals to happen, and if they do there are hidden fees and clauses that must be followed. And by then the user will be very frustrated. The best way to protect yourself is to avoid invest in VastCryptoProInvest.online in the first place, or other brokers like it.
HOW DOES THE SCAM WORK
Scams have surprisingly little evolved over the past decades since their inception. It’s basically the same principle being rendered through different sites and by a plethora of different agents.
The core remains the same. The broker tries to grab the client’s attention either by advertising false profit gains, or by directly contacting the user, who is the vastness of the internet let his guard down at some point and either provided an email or a phone number to some now forgotten source.
Should the user get contacted (or fall for the ads) he or she will be shown to the website of the investment fraud and promptly be pushed to invest, either by sweet talking representatives of the scam, or by the account manager which is also the one that keeps the whole thing in check.
The ultimate goal is to compel the user to invest once, and after that the trap is fully shut. The client already lost money, and any further investments are a bonus to the broker. All withdrawals will not be available, and even if the broker seems to be keeping a straight face, it’s all part of the scheme.
Sometimes the users will get a small teasing taste of profit, just so they are motivated to invest more. But after that one time is when most clients realize that something is wrong.
WHAT TO DO IF SCAMMED
The best thing to do is to file for a charge back with your credit or debit card provider, provided that you had previously invested via them. MasterCard and VISA have a chargeback period of 540 days, so its relatively easy to get reimbursed, and that’s why fewer and fewer scammer brokers are offering card payments.
An easier way to lose money is through wire investments. The only advise we can give you is to contact the bank as soon as the money has been lost (or when you realize you have been played). That and to change your bank account password and user name!
We come to the favorite investment methods of unlicensed brokers – crypto wallets. These are untraceable, and thus once a payment goes through it’s finished! There is no real way of getting one’s money back.
Also do not trust recovery agent or agencies promising to get your money back. These will fee you a hefty sum in return for their services, but as soon as you pay them they will disappear!