Despite not owning any Forex license, these charlatans claim to open doors to most advanced and most lucrative trading opportunities. While this may seem like a deal of a lifetime to inexperienced investors, over a dozen regulatory bodies wouldn’t agree. 

It’s raining regulatory warnings and public alerts, so let’s dive into the story of one of the most notorious scammers currently. Read this Vourteige review to find out how to recognize fraud and avoid it but also recover your funds if already stolen.

Broker That Isn’t a Broker

Owned by Quintero LLC, registered with the SVGFSA, the Vourteige broker operates without a mandatory Forex certificate. While you may think registration with an offshore entity is enough to make a company safe for investing, let us elaborate on how dangerous these conducts actually are.

First of all, SVGFSA is a regulator that doesn’t supervise securities markets dealers. Even if offshore nations had some sort of a regulatory framework implemented, it wouldn’t compare to the legislation imposed by Tier 1 regulators. That’s why you can’t expect proper fund safety, compensation options or negative balance insurance with these firms.

Another confirmation of this broker’s predatory actions towards clients are public warnings, so far posted by FCA, IOSCO, CSA, AFM, FSMA, CONSOB, FINMA, AMF, and FSC. Read our report on the Mekness as well, and how their act fell apart after another public warning.

Fake Ratings Keep Reputation Afloat

Since there’s no broker regulation framework in SVG, the swindlers had to find another way to persuade clients that they’re legit. They did this by creating numerous fake Vourteige reviews on virtually every ratings platform out there.

Each of the sites we checked, TrustPilot, SiteJabber and Reviews.io, have been heavily padded by review seller networks. The truth is starting to surface despite the fake comments, however, as the traders are starting to share their experience. Many of them speak of being exposed to fraudulent strategies we’ve seen too many times.

Typical Boiler Room Fraud

In order to advertise, the hoax uses third-party affiliates to post promotional content on their own Facebook pages. The small online footprint of the company is directly related to the age of their platform. No matter what the schemers tell you, vourteige.com did not exist prior to September 2023.

Majority of the victims are from these areas, and were contacted first by the so-called boiler room agents:

• Belgium
• Sweden
• Estonia
• Switzerland
• United Kingdom

If someone shows interest, they will become a focusing point for several Vourteige scam agents. Calling day and night, they turn the interaction into a harassment nightmare.

People inevitably crack under pressure and invest, only to receive even more calls about further deposits. When traders try to withdraw their funds, the con artists simply cut off communication and leave them hanging. If you need help recovering money from this scheme, contact our team.

Huge Commission on All Trades

In their Fees and Charges document, the company declares a commission on the profits worth 19% charged on every successful trade. That is said after a long introduction about how the firm has chosen to charge the lowest fees on the market because their clients deserve the best. 

Besides these unreasonable trading commissions, no other taxes and charges are revealed. So much for being transparent like they initially promised. Trading parameters are also unclear and there’s only a leverage ratio of 1:200 being mentioned.

Tools of No Use to Anyone

It’s default to pinpoint a single feature provided by this illicit platform which would make joining the portal and creating a new Vourteige login worth it. The website is packed with useless text and not a single valuable piece of information is revealed. Let us show you what can be found on this site but without false marketing. 

Laughable Software

The Vourteige platform is said to be available in several varieties and on multiple operating systems. One of these is a WebTrader, and the desktop and mobile versions are simply called “Terminal”.

After downloading, we’ve concluded that they’re the same web trader, packaged as a standalone program. Of course, the download did not come from official channels like GooglePlay or AppStore.

Software itself is rudimentary and unstable, containing a basic charting tool, asset selection and buy/sell functions. These sorts of programs are common with other swindlers like Epic Trust, and exist only to keep the traders occupied.

Several Asset Groups Offered

The site offers no disclosure on Vourteige trading products. Instead, you’ll have to access the app.

Here’s what we managed to find out:

• Forex – EUR/USD, USDJPY, AUD/CAD
• Crypto pairs – BTC/USD, ETH/BTC, XRP/EUR
• Indices – DAX, Dow Jones, Nikkei 225
• ETFs – SHY, XLE, EPU
• Stocks CFDs – Cisco, Bayer, Intel
• Commodities CFDs – Zinc, Coffee, Crude Oil

Too Lazy to Design Account Types

If you want to sign up for the Vourteige account, you can simply do so by providing several details and your contact information. After that, you will gain access to the user dashboard where you have insight into your account, balance, and transactions. 

However, you won’t be able to choose between several distinctive account types and packages that include different trading terms, bonuses or other features. Along with the lack of transparency that’s yet another reason why you shouldn’t register for a blacklisted platform.

Monetary Transactions and Complaints

Almost every one of the hundreds of negative reviews we found report about stolen investments. All of the deposited funds seem to disappear while the profits are also never available for withdrawing. 

Scammers prevent their clients from performing a payout by coming up with various excuses. Some of the reasons for rejected withdrawals and blocked accounts are surprise bonus terms, trading volume requirements and upfront fees. 

While there’s allegedly wire transfers and crypto currencies supported, different methods are accepted for payouts. This itself is a severe rule breaking and a reason for blacklisting.

Helpful Thieves

Customer help desk functions through the same boiler room agent that got you into the mess. Support will be kind and supportive as long as you’re paying. If you encounter any actual problems, they’ll just stop answering the calls.

Take Back What is Rightfully Yours!

In the end, is Vourteige legit? Our investigation and findings, along with multiple regulatory blacklists are some of the major red flags and solid reasons to avoid this portal. To trade safely and with a piece of mind, consider signing up with a licensed firm instead. 

If, on the other hand, you need legal instructions and support to start a chargeback, we can also help you with that. Contact our chat agents and find out how you can recover your assets quickly and hustle-free.

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