Voytegon is a scam that pretends to be a broker. What they say about Voytegon on the web.
By The Forex Review - 10 / January / 22 1095
Dominick Bell
Voytegon is another internet broker with a lousy reputation. Let's try to understand why this stockbroker has a tarnished reputation after studying the nuances of his work and understand: is it worth transferring time to him?
The official website and representatives of the company report that the company offers various programs that are used for Forex trading. In fact, our representatives could not get access even in demo mode. This raises suspicions, and accordingly we strongly advise you to avoid Voytegon - Forex trader, in order not to get into trouble.
Voytegon - scammers?
The analysis should begin with the study of information from open sources, which are on the website of the office. For the convenience of readers, we will present it in a more accessible form.
The official address of Voytegon is Majuro Marshall Islands MH 96960, Trust Company Complex Ajeltake Road Ajeltake Island. In fact, the broker is a subsidiary of the company, which is supposedly located in the Marshall Islands.
No one can vouch for the accuracy of the information. Nevertheless, it is extremely difficult to find a company in this territory. And yet, you can find an organization on official websites that collect information about companies offshore.
Of course, no information about Voytegon was found. There is not even an office with a similar name. Because of this, we were unable to identify any mention of the head of the office. Accordingly, it is safe to say that Voytegon is lying to its users and hiding information. The lack of information about the director is an ironclad proof of Voytegon's shady activities.
And if the registration data were present, this is not enough. The Marshall Islands does not have specialized permits for regulation and activity in the Forex market.
After all, offshore companies are attracted by the lack of regulation. So even the presence of the company in the lists does not give confidence in its reliability. It is impossible to follow the laws if they simply do not exist.
Voytegon accounts - replenishment and withdrawal
On the Voytegon website, you can find a large number of options for adding funds to your account, just like with normal brokers. We failed to test the replenishment method due to KYC and AML. However, citizens invest money in order to earn income. Therefore, our employees are interested, first of all, in the way of currency withdrawal. Alas, Voytegon will not let you get your funds back.
In addition, qualified scammers manipulate people so that they replenish the balance as often as possible.
The working conditions with Voytegon are very poorly painted, but our employees found valuable data in the frequently asked questions section. Voytegon allows itself to withdraw money for the absence of activity for more than three months. The amount of levies is not spelled out anywhere. Thanks to this, Voytegon will remove illegal extortion from customers, which cannot be disputed.
In addition, the trader simply has nowhere to turn for help.
The size of Voytegon's leverage is another method to steal funds
And although it is clear that Voytegon is a fraudster, let's consider another dubious point. On the organization's website, you can find information about the possibility of trading on an exchange with a leverage of one to 400, or more. However, from the point of view of legislation, this ratio is extremely risky. Because of this, it is not sanctioned in developed countries. Due to current restrictions, most legal firms use leverage up to 1 in thirty or 1 in 50.
The only exception is Switzerland, whose organizations are highly trusted. Therefore, it is Swiss traders who are chosen by qualified or risky citizens who are ready to take risks.
Therefore, in order not to let yourself be inflated, it is enough to know the current limits of leverage. If you understand that a firm registered in Britain is not able to trade on the Forex financial exchange with a leverage of more than one to 30. In that case, if they promise you more, they are going to cheat. This divorce works like this: the client is forced to take a serious debt and transfer funds to the divorcees.
What software does Voytegon work with? Meta trader 4, 5
On the Voytegon website there is information that they provide on MetaTrader 5 and MetaTrader 4, which are already known to all brokers as effective tools for working on the Forex exchange. Alas, neither our representatives nor ordinary customers were able to test the software. The fact is that you can only get access by registering through AML or KYC. The systems are used to oppose the legalization of capital. Accordingly, you need to give Voytegon personal data, namely
- a document confirming the registration of an individual
- official document on the presence of a residence permit (receipt for payment of communal services);
- a document confirming work experience and qualifications.
Since Voytegon exclusively seems to be a respectable broker, it is not allowed to send confidential information to him. Such organizations try to deceive regulatory authorities and hide information about themselves. If personal data gets into their claws, then there is a high probability of their resale to third-party companies. In addition, it is possible to use personal information in illegal schemes.
Working with Voytegon using demo balance. Is it possible?
Sometimes, even the lack of information allows you to understand a lot about the organization. For example, for some reason Voytegon does not give its users the opportunity to try the software or enable demo balance. In accordance with the legislation, all official firms must give access to test services so that a trader can test his strength using virtual currency and only then register for voytegon.com, transfer funds to the account. If there are no test versions of the service, this is extremely alarming. Our concerns about Voytegon are exceptionally confirmed.
Some information about Meta Trader
According to Meta Trader 5 and Meta Trader 4, it is often found at official brokers who work in the legal field. This is the best option for earning money on the Forex market.
Leading positions among the software for the financial market, Meta Trader provided practical visualization tools: tables and charts, a lot of indicators, advisors. In addition, you can use more than ten thousand different applications and developments from experienced programmers. But, of course, in order to use the software effectively, you need to spend time and effort on training.
Financial rules are not for bred!
Voytegon's presence of regional offices in Australia and the UK is also questionable. Brokers, in order to work in these countries, must obtain authorization papers from the relevant organizations:
- ASIC (Australia)
- FCA (Britain)
These official documents are necessary for legal activity on the Forex exchange. If they are not, the company faces a large fine, and the owners - the need to answer according to the law.
To make sure if Voytegon has official papers, let's look for information on the official website of Companies House (Britain).
After spending several hours, our employees have not been able to find an online broker in the registers of the organization. Accordingly, we have the right to claim that Voytegon is a hoax. At least voytegon.com they do not hesitate to lie to their users about regional offices and registration.
Aren't you going to be a victim? Study the information about the offices before you start working with them. Only brokers with a positive reputation and a long service life are trustworthy.
We recommend working only with legal firms. Interaction with deposit protection funds enable licensed firms to guarantee the safety of traders' money.
What is the result?
Documents on the website voytegon.com at best, they raise questions. It's hard to say whether these are scanned documents or just a modified picture. In any case, they cannot be called legal papers. The capabilities and responsibilities in the user agreement are blurred. There is no information about the actual date of the organization, information about the management. All this is used to avoid responsibility to customers and the law.
Voytegon is a criminal who pretends to be an official stockbroker. This is a divorce to lure investments out of naive users. Such offices do not exist for a long time. {If} the number of negative reviews becomes too large, they will disappear, but only in order to then return under a new brand and continue to rob traders.
When was the Voytegon broker registered?
The official website indicates that the company's activities have been going on for more than 10 years. In addition, they provide services of the highest quality, all over the earth, and the employees are experienced traders.
In addition, we are shown various profile awards, broadcast about offices in Australia, England and New Zealand. Clients are served by several thousand specialists who work in regional offices or remotely from different parts of the earth. It sounds tempting, but our experts decided to clarify this data.
The first stage of the analysis was the study of the Voytegon website. To do this, our staff found information about the registration of a domain name. It turned out that less than thirty days had passed since the registration.
The phone number posted on the website. We study and draw conclusions.
After checking the information about the phone number on the Voytegon website, our employees found out that it was used by the Comax Invest Internet broker. It is also associated with a large number of cases of illegal actions, as evidenced by negative reviews on the web. Of course, this information has only strengthened our doubts. Scammers do not even try to disguise themselves, hoping for inexperienced inhabitants.
Is it worth trying to work with Voytegon? No!
Voytegon is a fraudster? Does the broker have permissions?
Of course not. Before transferring personal money to an enterprise, it is necessary to test all the information about it. Most often, pseudobirzheviki are not controlled by legislation and have a shadow center that is engaged in control. In case of problems, they will not help the victim.
It is impossible to file a complaint against the actions of criminals to one of the regulatory organizations:
- FCA - Financial Regulation and Supervision Authority;
- CySEC - Cyprus Securities and Exchange Commission;
- ASIC - Australian Securities and Investments Commission.
Developed countries will not allow the existence of dishonest brokers such as Voytegon. Therefore, reasonable citizens need to avoid informal firms, not spend money on them.
Significant profits with Voytegon? No!
Do you really believe that it is possible to earn income by becoming a victim of a scam?
Nevertheless, Voytegon employees promise significant income, quick earnings, in the shortest possible time. Such offers are extremely attractive, but it is with their help that scammers lure decent customers into their networks and steal their funds.
With the help of social networks, criminals make a large number of pages that advertise fake services. There are many pages on Instagram showing us "successful success": photos with luxury cars, information about successful auctions, holidays at fashionable resorts, expensive purchases. They put pressure on the envy of ordinary people who want the same life, push them into the clutches of criminals.
The purpose of the criminals is to get your phone number or other contact. Immediately after that, Voytegon representatives will start spamming and calling, guarantee serious income, tempt them to transfer money to them right now. The reasons for getting started can be different, for example: combinations of celestial bodies and stars, a lunar calendar, etc.
Some citizens may believe that profits are coming soon. But Voytegon is a divorce. Scammers will embezzle your investment and try to steal more. Fraud will stop only when the victim runs out of funds, or the breeders themselves decide to stop. Voytegon will easily inform you that you need to invest even more to return the money, and they will stop only when they think there is nothing more to steal.
Voytegon online broker has a negative balance.
Compliance with the laws is a serious point that we regularly talk about. The existence of control and regulation guarantees that firms will diligently fulfill their obligations and the contributions of their users will not suffer. In addition, all official online brokers are obliged to protect their clients from losses. To do this, the regulatory authorities of the UK and the EU oblige the firm to give protection against a negative balance. This does not allow the trader to spend more than there is in his account. If the balance does go into a negative value, then the organization providing the services should return it to zero.
Voytegon is a Forex stockbroker that makes it possible to work with a negative balance. This is usually used to ensure that the user spends the maximum amount of money closing the hole in the balance. Voytegon is a scam that spends clients' money, and then demands to repay the debt using methods of psycho-emotional pressure. In the event that this happened to your relatives or to you, remember - you can not make concessions. No matter how they threaten, they are not able to cause physical harm. Scammers have no legitimate methods to take your funds.
Voytegon are scammers, not a legal broker with increased risk. This is evidenced by the lack of registration and official documents. Therefore, the money of Voytegon users will not be protected.
Voytegon Reviews from victims
Before investing currency in a murky organization, find out what citizens who have had experience interacting with it write.
After reading special websites, media and social networks, our experts were able to find a small number of reviews. Without exception, all positive comments have a clearly customized look, but the negative ones are quite similar to the real ones. Accordingly, Voytegon is an unscrupulous stockbroker who throws his clients. If you plan to invest currency, we do not recommend doing this.
Do you want to be another victim of scams? No? In this case, analyze the enterprises and data about them, consult with knowledgeable traders and only then act. There are a lot of crooks in the Forex market, and Voytegon is one of them.
Voytegon's scam algorithm:
- There are a lot of advertising messages posted on social networks and websites. This is necessary to get the maximum number of requests from potential victims;
- Having lured out an email address and phone number, Voytegon employees start calling and sending messages with promises of profit in the shortest possible time;
- Scammers extort credit card information, as if wanting to help with the deposit. You don't have to give them this data. You should not give them personal information if you are not going to get into debt;
- Time will pass, and scammers will do everything to make you spend even more money. In the event that you close the trades badly, they will begin to recommend covering the losses with additional deposits. In case of a profitable transaction, they will offer to send a large amount of funds to the account in order to improve the results;
- If the client tries to return the money, Voytegon employees will convince him to change his mind. At the slightest opportunity, they will try to force the client to transfer even more funds.
Is Voytegon really a Forex broker? No. These are scammers who steal funds from naive people under the guise of a legal organization. The personal information of Voytegon employees is carefully masked so that law enforcement agencies cannot detect them. This allows you to safely deceive users.
Conclusions of our employees: Voytegon is a scam
Summing up, we will try to list all the facts that say that Voytegon is a breeder
- The company does not have legalization even in a shadow country.
- By the end of the review, the official website of the non-broker is not even 30 days old, which means that all the data about scammers is a divorce.
- The Internet broker does not have a permit to provide brokerage services.
- The non-broker does not have a regulatory body.
- The legal address of the scammers is a lie.
- The company's documentation does not have a legal basis.
- The location of representative offices in the UK, Australia and New Zealand is a fiction.
- The company's phone number has been noticed by stock scammers and, in addition, with another Internet broker.
- Bad reviews about Voytegon from abandoned users.
- Inability to open a trial account.
- Do not provide opportunities for software verification without the transfer of personal data.
- There are no ways to protect yourself from a negative balance.
- Prohibited leverage ratio.
- Illegal processing and further use of private information is possible.
- A fake broker charges a fine for lack of activity after ninety days.
- Constant moral abuse by employees of a shady company.
- Lack of ways to transfer money when criminals decide that you will be able to invest more money.
Voytegon is a scam. Our specialists are 100 percent sure of this. Score from 1 to 10 - zero!
For your safety, we have compiled a blacklist of brokers.
