VinnTiv is a contract for difference (CFD) broker registered on its official website on October 10, 2016. It primarily offers financial trading services such as forex, stocks, indices, precious metals, energy, commodities, and CFDs. The company's headquarters are unknown. The broker's website supports services in multiple languages, including English, Russian, French, Spanish, Italian, German, Simplified Chinese, etc. However, it does not provide services to jurisdictions that may violate local laws or regulations, such as the United States.
Corporate Background and Regulatory Status:
Public information on the official website states that VinnTiv is a financial services company authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 098/01. The registered office is located at Markoni 10, Limassol 3017, Cyprus. The broker also mentions regulatory bodies such as the Australian Securities and Investments Commission (ASIC), the Financial Sector Conduct Authority (FSCA) of South Africa, the Belize Financial Services Commission (FSC), and the Vanuatu Financial Services Commission (VFSC). However, it does not clarify whether VinnTiv is authorized and regulated by ASIC, FSCA, FSC. Additionally, the user agreement provided by the company is interpreted according to the laws of the Republic of Vanuatu and falls under its jurisdiction.
Upon verification, there is no broker named VinnTiv with license number 098/01 registered with the Cyprus Securities and Exchange Commission (CySEC). Similarly, regulatory bodies such as ASIC, FSCA, FSC, and VFSC have no record of a broker named VinnTiv. The regulatory information provided on the broker's website appears to be false advertising, intended to deceive investors. The broker itself lacks any valid financial regulation.
Account Opening:
To open an account with VinnTiv, users need to click on the "Start Trading" button on the homepage or the "Sign Up" option in the top right corner of the webpage. After filling out the registration form and submitting it, successful registration allows users to log into their personal dashboard. A complete identity verification is required before depositing funds to start trading.。
Account Types:
VinnTiv offers three types of real trading accounts: REGULAR Account, PROGRESSIVE Account, EXPERT Account.
REGULAR Account: Minimum deposit of $150, maximum leverage of 1:100, and instant execution trading.
PROGRESSIVE Account: Minimum deposit of $1000, maximum leverage of 1:500, instant execution trading, includes blockchain and metal trading, and provides deposit insurance.
EXPERT Account: Minimum deposit of $10,000, maximum leverage of 1:500, instant execution trading, includes blockchain and metal trading, and provides deposit insurance, ensuring deposit security and 24/7 service.
Trading Platform:
VinnTiv provides users with a proprietary trading platform available on both web and mobile.
Deposits and Withdrawals:
The broker's official website does not provide explicit information on deposit and withdrawal methods.
Customer Support:
Users can contact VinnTiv for customer support via phone at +357 25 932616, email at support@vinntiv.com, or through the online contact form on its official website.
Summary:
Traderknows advises investors that VinnTiv is a fraudulent platform without any valid financial regulation, engaging in false advertising to deceive investors. When choosing a trading platform, it is recommended to opt for well-established platforms with valid regulation and a good reputation, steering clear of fraudulent platforms to avoid unnecessary financial losses. Currently, the broker is marked as "suspected fraud" on Traderknows.
