Can VIPBN be trusted? Not if you ask us, but we have to explain our stance on this anonymous crypto trading platform.
Although the website is messy and misleading, we were able to cover all the key facts. We present to you our VIPBN Review, a concise but truthful analysis of this bogus website.
Let’s start with VIPBN’s legal status, i.e. regulation, or lack thereof. Yes, this anonymous website is unregulated, shocker… According to some other VIPBN reviews, this brokerage is based in the US.
If VIPBN were indeed an American crypto broker, it would have to be registered with the US Securities and Exchange Commission (SEC) since crypto assets are considered securities rather than commodities in the US.
Unsurprisingly, we did not find any such entity by the name of VIPBN in the SEC’s register. VIPBN also claims to be based in Malta and incorporated there, which is a lie. We searched the database of the Maltese Financial Services Authority and got nothing.
In the US, brokers are required to possess a minimum operating capital of 20,000,000 $ and provide clients with a segregated account in a top-tier bank.
Other top jurisdictions we recommend include the European Securities and Markets Authority (ESMA), the FCA (UK), IIROC (Canada), ASIC (Australia), MAS (Singapore), etc. Make sure your provider is licensed!
Now that we have exposed VIPBN’s legal status, it is time to reveal where this broker was active, i.e. in which domains. Here is the list we compiled after doing some research:
Fortunately, VIPBN’s website had very few visits, meaning the broker probably did not claim any victims yet. We did not find any complaints against the broker on the forums. Still, this website must be reported to the authorities.
From our experience, anonymous crypto trading scams typically rely on initial deposits. The scammer uses sweet talk and various persuasion methods to make the trader invest as much money as possible.
The trader then gets an ineffective and lackluster trading platform, oftentimes rigged to display fake profits, while the scammer keeps pushing him to invest more and more.
What the trader does not realize is that the money is not used for trading but rather to satiate the scammer’s greedy needs. Once the former realizes that it is a cyber trap, the latter is probably long gone to defraud someone else.
VIPBN is solely a crypto trading platform. There are numerous cryptocurrencies available for trading against US Tether, Bitcoin, or Ethereum.
Crypto is an extremely volatile market with loads of factors contributing to its unpredictability. As such, trading crypto assets is risky. It is not wise to trade crypto with an unregulated broker.
VIPBN offers crypto mining. The only available crypto asset for mining is US Tether. According to VIPBN’s website, there are four options:
Again, we do not trust VIPBN about this. Please look for another, licensed provider if you are inserted in crypto mining.
We do not know anything about VIPBN’s payment methods because there is no withdrawal policy. If we have to guess, we would say that VIPBN accepts payments via crypto.
Deposit and withdrawal fees are unknown as well, and so is the minimum deposit you are required to pay to trade with this illicit broker. Such a lack of transparency is alarming.
If you are a victim of the VIPBN scam, do not despair. We are here to offer a solution. First of all, we can report the scammer to the authorities.
Also, we can try to get your money back. Book a free consultation with our experts and they will explain to you how you could get your money back. If need be, our team will trace your crypto transaction using CipherTrace, an advanced crypto-tracing software.
Here you can book a free consultation and find out what to do for a start.
No. VIPBN is not regulated. This entity is unlicensed. The broker lied about being incorporated in Malta.
No. VIPBN is not regulated and therefore, your funds are not safe if you trade with this broker.
No. VIPBN does not offer a mobile trading app on the website.
No. VIPBN is not regulated. This entity is unlicensed. The broker lied about being incorporated in Malta.
No. VIPBN is not regulated and therefore, your funds are not safe if you trade with this broker.
No. VIPBN does not offer a mobile trading app on the website.
The post Trust Our VIPBN Review Instead Of Trusting This Scam Broker appeared first on Global Fraud Protection.
