Many of our readers have asked, “Is Truvecta a scam?” Therefore, we’ve decided to investigate in detail.

Whether you’re interested in this brokerage or any similar, such as Vergo Strategy, we’re here for you. Keep on reading this unbiased Truvecta review to learn how to recognize financial swindlers.

Is Truvecta Legit?

According to Truvecta website, the owner of this brand is Branding Bubble Limited registered in Saint Kitts and Nevis. This Caribbean island has its own financial authority, FSRC. Therefore, it was our first stop to check for the Truvecta regulation.

As you can already guess, our search yielded no results. Just to be diligent, we turned to tier 1 registers such as FCA, ASIC, and BaFin. Once again, we found no license. Instead, we found a warning from the UK authorities issued in June 2024. According to it, Truvecta broker is not authorized to provide financial services in the country.

Now you have official proof that this broker is up to no good. In case you have issues withdrawing your money, let us know immediately.

Who Are the Victims of Truvecta Scam?

According to user reviews and our own website analysis, the majority of Truvecta victims come from:

• United Kingdom, 
• New Zealand,
• Canada.

As you already know, the company has no authorization to provide financial services even in its offshore country of registration. Therefore, ensure you avoid it.

Truvecta Reviews – What Users Have to Say?

We found the Truvecta Trustpilot page with a score of 3.8 and a great rating. At the time of writing, the company had 60 reviews, with dominant 5-star ones. Customer sentiment is quite mixed. While some praise the broker for the intuitive platform and quick withdrawals, others point out that these are fake comments. 

We’ve turned to the Truvecta Reddit thread for a bit more clarity. According to comments there, this brokerage promises a 6% daily return on investment. Hence, the reason why other Redditors declared it a fraud.

Trading Platforms Choice

To be fair, we cannot really say that there’s much of a choice when it comes to the Truvecta trading platform. The company only offers a basic WebTrader with charts imported from TradingView. There are no advanced features or EAs, despite the word “cutting-edge” being repeated a lot throughout the presentation. 

In addition, the Truvecta app for mobile devices doesn’t exist. The company mentions the so-called Mobtrader, but once you click on it, you’re redirected to a web version of the software. Disappointing and not worth your money.

Leverage, Fees, and Spreads

As with any other offshore broker, the leverage exceeds the European limits. In the EEA zone, ESMA has imposed a cap of 1:30 for retail traders. Meanwhile, Truvecta offers 1:100 to 1:500, depending on the account type.

Spreads can be fixed or floating, again depending on the account choice. The minimum spread is not disclosed, and you cannot see it before registering for Truvecta login details.

Finally, there are plenty of other fees and costs within the Terms and Conditions. Namely, the company claims you need to settle VAT or other tax obligations with them at their request. Further, you will be charged an administration fee of 30 EUR in case you do not complete identity verification within 15 days of opening an account. 

In addition, there may be fees or commissions from counterparts that are not specified. And in case your account is inactive for over 30 days, you’ll be charged a dormant fee of 85 EUR per month. In case your account is inactive for over 6 months, the fee increases to 99 EUR per month until your account is on zero, when it will be closed.

Truvecta Account Types

If you’re still keen to register an account, you can choose among 5 options:

• Basic – $5,000
• Standard – $25,000
• Pro – $100,000
• Gold – $250,000
• Exclusive – $1,000,000

If you’re worried that you won’t have enough cash, it’s fine. This broker allows you to start with as low as $250, just to keep you in the loop. Then, after you see a bit of profit, which they can create artificially with their WebTrader, you’ll be asked to upgrade.

But what can you get for 1 million USD? The short answer is nothing. Spreads are fixed and floating, the leverage is 1:500, and the only thing that differs from other accounts is a maximum trading size of 100 lots. Let’s just say it’s not worth your while.

Demo Account

Another benefit you won’t get with Truvecta broker is a demo account. Instead, you’ll be forced to invest right away. And when you already do, you’ll be constantly pressured for more.

Educational Materials

As expected from a fraudulent firm, this one offers no educational materials. Their goal is to keep you uneducated so their alleged financial advisors can provide you with advice. Of course, the one that will benefit only the company, not you.

Truvecta Withdrawal

Withdrawals are another interesting part of the company’s legal documents. According to their T&C, they reserve the right to refuse your withdrawal request if they deem the documentation unsatisfactory. They can also delay your request, change the payment method, or reverse the withdrawal and re-deposit the money to your trading account in certain situations.

As for the methods, they have not been specified. All we know is that your withdrawal will incur banking charges, outward transfer commissions, and additional out-of-pocket expenses. Good luck having anything to withdraw in the end.

Key Things to Consider About Truvecta Broker

The first and only thing you should consider about this illicit financial services provider is the warning from the UK authorities. Then, you should consider a lack of a trusted platform, high costs, unspecified charges, and more.

All in all, it seems as you will have nothing to withdraw. But if you do and you cannot get your money from the broker, let us know. Our chargeback experts will evaluate your case and find the best way to assist. Contact us immediately or leave a comment below.

FAQ Section

What is Truvecta?

Truvecta is an unregulated offshore brokerage located in Saint Kitts and Nevis.

Is Truvecta Legit?

Truvecta has no license to provide financial services and has been marked a scam by UK authorities.

How Can I Get a Withdrawal From Truvecta Account?

You can try submitting a withdrawal request through your account. If you don’t get your money in due time, contact our chargeback experts for help.