VitalMarket has been getting bad publicity from traders who blamed the platform for unethical behavior and lack of transparency. The major issues are unprocessed withdrawals, unregulated operations, and suspicious trading activity that is indicative of probable manipulation.
Website: https://vitalmarkets.com/
Website Availability: Yes
Owned By: VitalMarket
Blacklisted by: Not recommended by the review website like Fraud Recovery Experts
Domain Age:
Name-VITALMARKETS.COM
Registry Domain ID-2041083327_DOMAIN_COM-VRSN
Registered On-2016-07-08T18:14:53Z
Expires On-2032-07-08T18:14:53Z
Updated On-2023-12-27T17:18:22Z
On Trustpilot, VitalMarket has received a wave of negative reviews, with users consistently expressing frustration over withdrawal delays, sudden trade closures, and unresponsive customer support. Many traders report that their funds were never returned despite multiple follow-ups, raising serious red flags. Some even accuse the platform of market manipulation and unethical practices, pointing to unusually high spreads and unexplained position terminations. The overwhelming sentiment on Trustpilot is that VitalMarket is unreliable and potentially fraudulent, and several reviewers warn others to avoid the broker at all costs.
Withdrawal Problems and User Frustrations
Some of the users have complained seriously of withdrawal delays. One of the traders complained of placing a withdrawal request two days ago and no amount was withdrawn and no communication was received from the site about it. This has created growing anger among users who perceive that their money is under detention without explanation or transparency.
Poor Trading Conditions and Trade Closure Complaints
Traders characterize excessive spreads and enforced position closures as indicative of an extremely manipulated trading platform. Some reported their trades were closed unjustly, while others reported that the spreads were too wide to trade profitably. Such practices have resulted in accusations that VitalMarket may be benefiting from trader losses instead of ensuring equitable trading.
Lack of Regulation and Licensing
VitalMarket insists that it operates within the laws of the Commonwealth of Dominica by a company called “Vital Markets Group Ltd.” The broker, however, has no legitimate financial license and has no registration with the Dominica Financial Services Unit. This raises serious doubts about the authenticity of the platform and client fund safety.
FAQs
Q1: Is VitalMarket a regulated broker?
No, VitalMarket is not regulated, which means higher risk of unethical or fraudulent behavior.
Q2: Is it easy to withdraw my money?
It is reported by many users that withdrawals are delayed or failed, implying unreliability.
Q3: Does VitalMarket manipulate transactions?
Unjustified closing of trades and abnormal spreads are reported by traders, which implies possible manipulation.
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