Beware! Vlado 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.
Vlado is yet another broker with a good looking website that hides its nature behind it. And what is the hidden site to Vlado? Obviously it’s the scammer nature that is the essence of Vlado. Read the review for the truth about this broker.
VLADO REGULATION AND SAFETY OF FUNDS
Vlado is one of those broker that goes overboard with its legal claims, and thinks that the more you cram the more chance you have of people believing your shallow lies. But this really isn’t the way things work in this industry. A single offshore license can bring you longevity, unlike dozen fake regulatory claims.
Vlado straight up states to be licensed by some of the world’s top regulators, spreading its influence across the continents; Vlado claims to be licensed by the Money Services Business of Canada (MSB), the ASIC in Australia, and the Dubai Financial Services Authority (DFSA) Commission. None of these statements are true, and we did not even have to go check their validity. It’s enough to take a good look at the broker to be certain that it possess no license from either one of these regulators.
And moreover, in Canada, it’s the Investment Industry Regulatory Organization of Canada (IIROC) that oversees the FX industry and its participants and not the MSB as pointed by the broker.
Moreover, after these false claims, in the contact page the broker points to a UK address, shuttering previous statements. So, in Vlado’s own words, the firm is registered in the UK but licensed by non-European regulators? It doesn’t work like that. And neither is the company regulated by the UK’s FCA.
Vlado is unlicensed and a risk to all! Do not invest here.
Illegal and unregulated brokers spell trouble every single time! They have nothing to offer, unless you count heartache and frustration. These companies are created and run as elaborate scams (not all of them) and they are short-lived as a result of complaints and regulatory actions. But in between the creation of a scam and its downfall many users will lose their money with very little chance of a refund. This money will be redirected to various offshore and untraceable accounts and will serve the scammers to fund their own lavish lifestyles and future scammer projects.
So, really there is no reason to invest or even interact with unlicensed brokers. If you want to experiences the real FX trade, then look no further than any European, UK, US, or Australian-based brokers. These are regulated and fair institutions that treat each customer with care and respect.
VLADO TRADING SOFTWARE
We have to get it out there. Vlado does not have a trading platform. Once we registered, the user area had absolutely nothing in terms of downloadable links or web trader. In fact, the website was also barren of actual software proof. And we do not considerer false advertisements and images as legitimate proof that Vlado offers a platform.
No, Vlado does not offer a platform, meaning that it is not really a broker, in technical terms, since it lacks the defining element. What can we then call Vlado? A scam, and only that!
Vlado is useless. Trust regulated brokers only, and we recommend using the MT4 or th4 MT5, arguably the best trading platforms in the world.
VLADO TRADING CONDITIONS
There is no software, even after we registered, a process that was easy and quick, another sign of the scammer broker is a hurry to scam you. There is no trading here, no classic broker rule. The only reason to invest here is to write this review. Otherwise, the client can only invest money and lose it.
What ever Vlado claims on its site connected to trading conditions is fake. All spreads, tradeable assets, and leverages do not apply in any functional way.
If you are eager to trade and deal with a legitimate broker that still has some more relaxed trading conditions, we recommend checking these brokers out.
VLADO DEPOSIT/WITHDRAW METHODS AND FEES
The client area is useless. The deposit section did not work. We had to take the trading info from the website.
The minimum deposit requirement is capped at $50, which is superb, But, Vlado is a scam and a risk, so we do not recommend investing in it. Look to these brokers instead.
The website advertises Skrill, Neteller, bank transfer, Citi, Tether, Web Money, credit cards, and debit cards as the available payment methods.
And that is basically all the payment information we have for you today. Expect anything from the firm, even fees and commissions. But in the end, users should not even register with Vlado.
How does the scam work
For years now the scammer process has been, more or less, based on the same simple principle: that of solicitation. Of course, users can also stumble randomly on a scam but this happens very rarely.
Scammers rely mainly on exaggerated advertisement campaigns and phishing tactics, that is to say cold-calling techniques, to recruit their users. On the ads front, users are lured with very striking online ads about unbelievably lucrative opportunities for investments accompanied by imagery of luxury. The client is prompted to provide a contact email and a phone number.
The contact will be established in either case, and the user will be lied to and manipulated until he or she is lead to invest. If you fail to be succumbed to the broker’s sweet talk at some point the representative will stop calling you. But until then, you will be surprised as to the exhaustive repertoire of deceits and lies these scammer have. Essentially, they will try everything to convert you to their shady cause.
A users who has invested will be prompted to deposit at least one more time, but this time a larger sum with allegedly higher chances of hitting it big on the trade game. Obviously the illicit firm in question is making all these claims up; most of them don’t even have trading software!
The time will eventually come when the client will feel cheated, but by then it is usually too late. The broker will either cut all contact with the user, shut down its site, or simply stall the withdrawal request indefinitely.
What to do when scammed
The safest bet at getting your money back is to file for a charge back with your credit or debit card provider – the chargeback period for MasterCard and VISA is 540 days. However, this can only happen if you have invested via a card, or an e-wallet supporting card payments.
Bank transfers are way harder to trace, and the only hope you have is to call the bank itself and try to figure out a reimbursement strategy. But there is no guarantee that this will work. What we can advise if you fall into this state is to immediately change your bank account password and username.
Then there are the crypto transactions which are untraceable and therefore lost for good. So, whenever you see a crypto based payment method with an unregulated broker make sure to stay clear!
Last but not least, we have the recovery agents or agencies which are total scammer of their own. They promise a full refund in return of a one time payable fee, and no small one at that. As soon as this is paid they will disappear without a trace.
