Virgobanc Review | The Way To Empower Your Financial Future or a Scam?

Looking for a broker to help empower your financial future? Unfortunately, Virgobanc is not the solution. In this review, we will expose the truth behind their promises. If you are considering investing with this company, be warned: our investigation has uncovered evidence of potential scams and fraudulent activity. Read on to learn more.

Highlights

First Impression of Virgobanc.net

The official website leaves a mixed impression. On one hand, you will find pictures of happy people who have achieved financial stability and success, and even reviews from satisfied traders. Let’s be real. Does anyone actually take reviews on a broker’s website seriously these days?

On the other hand, we noticed a lot of self-promotion and, even better, a bunch of absurdities. Have you ever come across an exchange where you can trade stocks, commodities, and cryptocurrencies all at once? Experts may argue that it’s the Chicago Exchange, but they would be wrong. At that exchange, you can only trade futures contracts on crypto.

Partnership and Bonuses

The registration form subtly hints at the existence of a referral program. Customers are prompted to enter a promo code, but there are no detailed explanations of the program on the website. However, the company certainly offers bonuses ranging from 25% to 100% depending on the amount of money deposited.

Account Opening on Virgobanc.net

The registration process left us disappointed. We were required to enter a promo code just to create an account. Without it, you won’t be able to access the Client Portal. It seems we are trying to get into a secret society, only instead of secret knowledge, we get to trade financial instruments. Honestly, we were hoping for a more straightforward registration process, but we guess Virgobanc wanted to make us work for it. Maybe next time they can ask for a secret handshake too.

Verification

At Virgobanc, verification is mandatory before you can fully access your account. While we haven’t personally experienced the verification process, it’s safe to assume that it follows the standard procedure that most brokers use. This typically involves providing personal information and uploading identity documents such as a passport or driver’s license. While we understand the importance of security and regulatory compliance, it can still be a tedious process. We hope that the verification process is a smooth one, but it’s definitely not the most exciting part of trading.

Trading Software

It’s worth noting that there is no mention of the platform. This is a major red flag for potential clients as the platform is the main tool used for trading and investing. Without information about the platform or a demo, at least, it’s impossible to evaluate its features, reliability, and user-friendliness. This lack of transparency can lead to hesitation and mistrust from clients, which is not a good sign for a brokerage firm. It’s essential for a brokerage firm to provide clear and comprehensive information about the trading platform, as it’s a key factor.

How Can I Trade With Virgobanc?

So, you probably think it is a really cool broker, right? Actually, no. They offer CFD trading, which is why they can offer trading in all assets. However, keep in mind that these are not physical assets, only contracts for differences. Additionally, the broker operates on a B-book model.

All Info About Accounts

The broker has five types of accounts, but you can only trade comfortably with the second one, called the Silver account. By the way, you need to deposit five thousand euros to open it, while the account for beginners is only 250 euros. Quite a range, isn’t it? However, with the Silver account, you get guaranteed access to five financial markets, while there is no mention of this in the basic account. In general, as the deposit grows, so does the number of additional services. For example, the VIP account even includes a Monthly Full-Protection Trade. And no, we don’t know what that is because we only trade on real markets where there is the real risk.

Market Analysis and Education With Virgobanc.net

Well, you know what we say about it – they offer more extra services than you can remember. Meanwhile, let’s be real. They’re all just marketing adjacent services. Plus, the whole broker team is anonymous, so who knows what kind of quality analysis you’ll be getting.

Deposit, Withdrawal, and Fees

The company offers various payment methods for depositing funds, including credit and debit cards, bank transfers, and even cryptocurrency. However, there is no information provided about withdrawal methods on the website, and there is no mention of it in the FAQ section.

How Can I Contact It?

The broker offers a phone number and email for communication, as well as the feedback form. We won’t even consider the address because it’s fake. There is no such firm in that building, or the maps seem to ignore Virgobanc’s existence.

Is Virgobanc Dangerous?

Well, let’s be honest here – we wouldn’t trade with this company even if you paid us to. And we can easily prove it.

How Long Does The Broker Work?

The broker claims to have over 100,000 clients. So how long do you think they’ve been in business? At least five years, right? Well, ideally, yes. However, that’s not the case with Virgobanc. The first mentions of it only appeared recently. Checking their domain shows that it was created on February 15, 2023. That’s some serious work to gather a multi-thousand audience in just a couple of months! Yeah, right, pure sarcasm.

How Is Virgobanc Regulated?

It’s no secret that a reliable broker should have a license. Let’s see how things happen there. So, this broker has an office in Switzerland. Well, or at least that’s what they say. It won’t be difficult for us to check the Swiss registry. And oh, look what we found there! Nothing. The broker is not registered in Switzerland. Frankly speaking, it’s not registered anywhere, didn’t obtain a license, and deceives its clients with its anonymous website.

Frequently Asked Questions (FAQ)

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Expert Opinion

Well, well, well, what do we have here? A broker that doesn’t believe in giving profits to its traders? Sounds like a real Robin Hood in reverse! According to the agreement, the profit earned by traders doesn’t belong to them and the company can choose not to return the money. Talk about a one-sided relationship! Looks like Virgobanc doesn’t just trade in financial assets, but in trust as well. And they’re certainly not buying low and selling high in that regard.