Veonco (Veonco.com) is a scam from Veonco Group Ltd claiming to offer a number of trading assets. Assets which are on display on the website include Commodities, Cryptocurrency, Forex Indices, and Stocks. Veonco is also professing to have trading products with trading hours and marginal. It may come as a shocker to some of you but this is a shoddy website. Read the full VEONCO Expose and get the truth.
When it comes to online scams, Veonco is no different as the end results say it all. A number of victims have come forward with compelling evidence. The platform is a hoax which is stealing from anyone who signs up. Before you open an account, the platform will call you with promises of doubling your investment. And this is part of their plot to fool unsuspecting investors. It is our duty to expose such platforms and ensure the online trading world is safe from impostors. These are scam artists with a clear and precise plan to defraud online investors.
A closer look at the website reveals the motive behind this illicit platform. At first glance, it is easy to believe the website as a legit trading platform. Veonco is using a well-designed website with compelling sales pitches and promotional images. You might believe that the platform will make you money judging by the web layout. Don’t be fooled as there is clear evidence this is a scam. Thanks to our years of investing and trading, we do know how to spot a scam a mile away.
The problem with this platform is lack of clear information regarding ownership. Details remain sketchy as to who the actual owners of this platform actually are. With the company not appearing in any register, it is clear Veonco Group Ltd is an anonymous company. The owners of this company are not known which leaves a lot of questions than answers. Never trust any anonymous online trading platform with your funds. You might never be able to recover any of the funds if the platform goes under.
Whatever the case, we have identified several factors which point to Veonco being a total scam. Anonymity is one feature which is reason enough to stay away from this platform. These scam artists will do or say anything to get unsuspecting investors from signing up. And that’s why you should ensure you use recommended and top rated Crypto currency trading robots to be safe. With expert recommended trading products, you are in capable and experienced hands. Stay away from platforms which have been blacklisted as scams.
Features of Veonco
Veonco is professing to furnish users with four account types to choose from. Accounts listed include Classic, Standard, Premium, and Tailored. Some of the features that come with these accounts include partial access to trading access. Only Tailored account members get full access to trading products. Other notable features include account managers, leverage change, and margin protection. When it comes to protection of any kind, we highly doubt the platform.
One of the biggest scam features is the use of hired call agents as account managers. These account managers are hired call agents who act as professional fund managers. You will be bombarded with calls urging you to deposit more funds with them. These account managers will eventually lose your deposit and will never take any responsibility. And this is why you need professional brokers to help you trade. With proven and tested brokers, your funds are safe at all times.
Customer and Support
The platform is not furnishing users with any live chat support which is a huge problem. With today’s level of technology, you would expect the platform to have live chat capabilities. The contact page reveals an email address and a phone number. With emails, you might never get the response you want in due time. The phone number listed is a virtual phone number and does not go through at times. And this is why you must stay away from this illicit trading platform at all cost.
A look at the domain register whois.net reveals the platform was created on 15th January 2019. It is clear that the platform lacks relevant experience to operate a legit trading license. The platform is also failing to show up in metrics data which means they have not fully complied with online hosting laws. Such websites pop up today and disseminate the following day. Stay away from it as no one knows their lifespan. What is obvious is the website won’t stay active for long.
Deposit and withdrawal
Depositing funds with this platform is easy and takes less than five minutes. Some of the depository channels listed include Credit/Debit card and wire transfer. The main problem is no member has ever withdrawn funds with this platform. Without withdrawing funds, it makes this platform a clear scam. Members should invest and trade knowing withdrawal is possible. Never sign up with any online trading platform without proof of withdrawal. Authentic trading platforms offer withdrawal proof for all to see.
Veonco is claiming to use two types of trading platforms, MT5 and their custom made platform. The custom made platform has a lot of problems as it is not tested by professionals. A custom made platform will not offer ample security as with an established platform such as MT4 or MT5. Most members have been complaining of slow speeds when executing. The platform is also unstable as it is not compatible with certain devices such as Mac and tablets. You better watch out.
License and registration of Veonco
When it comes to their license and registration, they give no indication of ever being regulated. The entire website has no valid information of any license or registration number. You would expect them to post their license number for all to see this too is missing. A closer look at the entire website reveals missing information regarding license documents. No regulatory body has come out with claims of licensing this platform. And this is where we know for a fact VEONCO IS NOT LICENSED OR REGULATED.
Safety of funds with Veonco
Another important aspect when looking for a viable trading platform is security of funds. Veonco is clearly not able to secure funds judging by the high number of victims. A true trading platform will offer secure channels of depositing and withdrawal. Their website lacks basic security features which make us wary of the platform. Lack of DDoS and SSL encryption is proof we are dealing with an unsecured platform. Smart investors stay away from platforms which put funds at risk.
Scam or legit
Evidence is clear that we are dealing with rogue online trading platform. From the number of victims who have come out, it is a scam worth exposing. The platform is operating under false pretense and using call agents to act as account managers. Stay away from this platform and never receive calls from their call agents.
We will be adding this platform to our scam blacklist and ensure no one else falls for this trap. Another important fact is to never sign up with any of their affiliate programs. No member has received any commission from signing other members with this platform. The platform is a hoax and authorities will soon shut their operation down. Stay away and never associate with unknown online trading platforms.