Vatrade Coin is an alleged futures trading platform with competitive fees. They seem to be targeting Europeans, but are not particular about it. Looking at the way they operate, we wouldn’t trust them with even our email address.
Many credible sites on the internet along with government authorities are issuing warnings against them. To know the main reasons as to why you need to avoid them, read this blog post till the end.
Vatrade Coin Overview
This platform was a web based trading interface with a lot of quirks. Unlike the majority of the brokers, they do not feature the list of trading instruments or the other related costs. Information regarding both the team and legality is scarce which gives us a fair idea about their motives.
As the transparency factor wasn’t present, we couldn’t venture further with the entire list of services they had showcased. Payment methods supported by them weren’t clear either. In short, few casino games have a better predictable pattern than what Vatrade Coin has to offer.
Red Flags
Let’s start with the big ones. Vatrade Coin is an unregulated entity accepting people from the western countries. In a few jurisdictions they are operating in the grey area but if they are accepting people from the US, then it is outright illegal. Check out the warning issued against them by US authorities by clicking here.
Though it is not confirmed yet, the existing facts are not promising. Moreover, even the social proof is missing. If the platform really enabled people to trade in a more cost effective manner, then don’t you think they would have earned themselves a loyal following?
Vatrade Coin Scam or Not?
After seeing every aspect of this business, we are inclined towards believing that Vatrade Coin is a scam. Lack of clarity along with conflict of interest combined with shady corporate structure means they are not the ones you should invest or trade with.
Trading futures is a risky venture, don’t stack up more odds by choosing firms like this one.
Conclusion
Day by day, con artists in the space of investing and trading are increasing. As the industry attracts a lot of rookies, scammers are taking advantage of the lack of understanding exhibited by the beginners.
We strongly advise you to stay updated and know the basics before committing a lot of capital.
