Read our VestoFX review to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a vestofx.com review.
Is VestoFX Legit or Scam?
After taking a look at their website, it shows that they are regulated from the Cysec in Cyprus. However, we would still advice caution dealing with this firm because a lot of people have complained about the brands they operated before Vestofx. Here is the article where you can read the reviews of the people who dealt with previous brands.
How to tell if VestoFX is scamming you?
They will offer deals that sound too good to be true. Like we will double your initial deposit or you will make hundreds of dollars per day easily. These promises are a sign that they are trying to scam you because nobody can guarantee profits in the market. Another red flag would be if they are pushing you hard to deposit extra funds. And the final test would be to withdraw some of your money. If they are making excuses on why they can’t send you your money or they are trying very hard to convince you to NOT withdraw your money, you are probably dealing with a scammer.
Withdrawing funds
If you want to withdraw your money and it doesn’t matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It doesn’t matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back from VestoFX?
If you already deposited your money with them and they refuse to give your money back, it might be a way or two to get your money back.
First of all, you need to keep the emails as proof that you have been requesting the money back from them but they don’t give it to you. Or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how they deceived you into depositing money for a non-regulated trading company. Mention also that they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. The second thing would be to contact the Cysec and explain the situation to them. They probably will release your money intantly at this point because they risk a hefty fine if they don’t.
Make sure you leave VestoFX reviews in other sites
If you notice any wrong doing, please leave a review and a comment on this site at the comment section. Also, if they call you from another website, mention it in the comment or let us know about it.
VestoFX Review Conclusions
Making the VestoFX review was our pleasure, and we hope to save as many people from losing their hard-earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our VestoFX review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected].
If you like to trade, please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
