Vlado Review: Why Traders Should Be Cautious
Vlado is an online broker that presents itself as a reliable platform for traders, boasting appealing offers and claims of regulation. On closer examination, though, it’s clear that Vlado might not be a reliable option for trading. This Vlado review delves into the reasons why traders should exercise caution before engaging with this platform.
Website: https://vladobrokers.com
Website Availability: Np
Address: 41 DEVONSHIRE ST LONDON, UNITED KINGDOM (THE) W1G7AJ
Regulation: Unregulated
Warning: Not Recommended By Lycan Retrieve
Domain Age:
- Name VLADOBROKERS.COM
- Registry Domain ID 2637714657_DOMAIN_COM-VRSN
- Registered On 2021-08-31T09:02:27Z
- Expires On 2025-08-31T09:02:27Z
- Updated On 2024-10-17T07:01:39Z
Dubious Claims of Regulation
Vlado asserts that it operates under the trade name of Vlado Limited, regulated by the Money Services Business of Canada (MSB), the Australian Services & Investments Commission (ASIC), and registered with the Companies House (CH) of the United Kingdom. While this might appear convincing, these claims do not hold up under scrutiny.
- MSB in Canada: While Vlado mentions MSB as a regulatory body, it is important to note that MSB is not authorized to issue licenses for forex trading or regulate forex activities. Its primary function revolves around money service businesses, which are unrelated to forex trading.
- Companies House (CH): Although Vlado is registered with CH in the UK, this registration is merely administrative. CH does not regulate financial activities, nor does it provide any oversight for forex services. No record of Vlado was found in the FCA database, raising serious concerns.
- ASIC in Australia: Vlado claims regulation by ASIC, but no results for Vlado Limited could be verified in ASIC’s records. ASIC is a strict regulatory body, and the absence of verification indicates that Vlado is not a legitimate broker under Australian law.
Misleading Practices and Unreliable Status
The combination of dubious claims and lack of verifiable regulation makes Vlado an unreliable broker. Its marketing strategies may lure unsuspecting traders with promises of safety and benefits that are too good to be true. Without proper regulatory oversight, traders are left vulnerable to potential financial risks.
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