Broker Review Why do we consider Voytegon to be fraudulent?
Voytegon, an internet broker operating in Great Britain, is a scammer with a tainted reputation.
When we go to the official website of Voytegon - Voytegon.com, we will read that our company offers brokerage services for operations on the Forex market in the UK. Voytegon also provides services for financial transactions.
We explored the Voytegon website, got acquainted with the terms of operations, tried to get demo access to the services, examined the availability of documents, the place of residence of the company.
With the help of the information received, we will find out: Voytegon - a divorce or not?
In addition, we will explain to you how not to fall into the trap of criminals, about their methods of operation. We will give you the information you need to keep your money safe.
Voytegon is based offshore
A serious signal that says that Voytegon.com are criminals is the registration region. The company is officially registered in the Republic of the Marshall Islands, which is already suspicious, since the company operates in Britain. Offshore countries attract the attention of criminals due to the absence of the need to comply with the law and control.
Also, this state does not have permissions for Forex activities.
Also, when our experts tried to find the real address, data on the owners and management of Voytegon, they could not find anything.
This already demonstrates that Voytegon.com is a fake online broker that can result in significant financial losses.
Lack of information about the organizers of Voytegon
After researching the website, our employees could not find any truthful information about the management of Voytegon.com. No address, no phone numbers or other means of communication.
This probably means that the real owners are trying to hide themselves in order to elude punishment for their actions. And even if one of the managers of Voytegon manages to be exposed, then everything will end there, and the real directors of the criminal firm will remain free with the money.
Voytegon, website - Voytegon.com, is valid for less than 30 days
The Voytegon website talks about significant experience in the Forex financial market.
The most common way to analyze any site is to obtain information about the domain name. Most often, they contain the period of existence of the domain, the contact information of the owner.
In this case, the Voytegon.com domain name exists for less than thirty days, and the data on the legal or natural person that owns it is classified. Another proof that the owners of Voytegon are trying to preserve their anonymity.
This desire can be supported, but not in those cases when it comes to a company working as an intermediary between the client and the Forex financial market.
In addition to this, Voytegon.com themselves assure users that they have been trading effectively on the Forex market for a long time.
Voytegon.com does not have a demo period
It is a common practice for online brokers to provide traders with a demo version of the software in order for them to get acquainted with the interface, to test their skills in playing the Forex financial market with fake money.
Unfortunately, on the Voytegon website, we could not find information about the test period, the opportunity to try out the programs.
We think that the leadership of the Voytegon.com organization simply does not plan to provide users with demo access to a paid service, as someone may suspect something is wrong.
Internet broker Voytegon.com operates with a negative account
Legal companies that operate in the Forex market do not use a negative account in their activities. By law, a broker's trader is not able to spend more now on his account. In cases where the balance still goes into a negative value, its debt must be repaid not by the trader, but by the organization that offered the services.
Therefore, registered online brokers do not apply a negative balance in their activities.
However, Voytegon allows users to trade with a negative balance, that is, on credit.
Why is this needed?
In order to drive the client into a minus and start a debt. This is one of the most popular methods of fraud used by criminals.
If this has already happened, you need to remember that scammers have no way to recover investments under the law of England. All methods of influencing users are criminal. The maximum that scammers can do is call, send messages with threats.
You cannot cooperate with Voytegon, as all agreements will result in new losses.
Voytegon.com operates with a credit ratio of 1 to 400 or more
At this point, it's clear that Voytegon are scammers. However, we point out one more nuance, namely the existence of an extremely large leverage.
The credit ratio is the ratio of user funds and online brokers when making a transaction. Leverage allows large trades to be made by traders who do not have enough money available.
In order to protect traders in the Forex market, laws in developed countries require the use of a credit ratio with the highest ratio of 1 to thirty, in exceptional cases 50.
At the same time, Voytegon uses a credit ratio of one to 400 to make money on Forex.
Such an attitude is allowed in Switzerland, since organizations registered in this state enjoy high confidence. However, Voytegon is not registered in this state.
In fact, Voytegon are not allowed to work on Forex with such leverage, due to the high risk to users. Actually, this is done in order to force the client to invest as much of his money as possible, but also to drive him into loans.
Local branches of Voytegon
It is considered prestigious for any organization to have regional offices in developed countries, even if the work is carried out only in Britain. So Voytegon informs that in addition to a significant number of awards, they have regional offices in England, Australia and other civilized regions, and also about many experienced workers.
It is very easy to check the reality of these offices. After all, there are industry structures that regulate the actions of online brokers. In England it's FCA, and in Australia it's ASIC.
Because of this, the official firm is required to have supporting documents from these or other organizations that prove their authorized right to provide Forex earnings services, indicate the degree of responsibility.
However, after analyzing industry official websites, our staff could not find them. This once again confirms our suspicions.
Registration on Voytegon.com requires the transfer of personal data
As we reported earlier, Voytegon does not have a trial period and because of this, in order to gain access, you must immediately transfer the minimum payment to Voytegon criminals. In addition, creating a Voytegon.com personal account is possible only upon successful completion of identity verification.
This means that Voytegon requires its users to provide information such as:
- Information about an individual (passport, driver's license, etc.);
- Information about permanent place of residence (receipt for utilities);
- Information about qualifications, length of service, place of work.
Also, with the first payment, the bandits are able to access bank card information.
Together, this data can enable scammers to issue a loan to a user, or to carry out other criminal activities.
Since you need to send your personal data to register on the Voytegon.com website, our employees did not get access to the Voytegon personal account or programs for transactions on the Forex market.
Real reviews about Voytegon
An extremely important step in exposing Voytegon is the study of user reviews.
A detailed analysis of the results in search engines gave us the following data:
- Most of the Voytegon reviews on the internet are lies. These are the same type of positive reviews of a paid nature;
- All real reviews about Voytegon are negative. Our employees were unable to find reliable reviews from users of Voytegon.com, which would mention big earnings, successful trading.
- Negative reviews and mentions are caused by illegal actions, theft of funds, special creation of debt.
In line with this, Voytegon reviews indicate that the broker in question is a scam.
Voytegon contact details and official papers
While researching references on Voytegon.com, our staff found many dubious digital documents that can be easily created using a photo editor. They are not confirmed by official organizations, which means that they cannot be trusted.
If the broker is not associated with regulatory firms, then traders simply have nowhere to turn for help.
On the "Contacts" page, our employees found a phone number. It turned out that it had already been used by an illegal online broker. There are also many reviews on the web about fraudulent activities associated with the phone number listed on Voytegon.com.
Withdrawing money from Voytegon.com
Are you going to make money with the help of a Forex broker? Make sure that you can take away investments from him.
Having studied the user agreement on the Voytegon website, we did not find any information available on the methods of withdrawing the money earned. Also, our experts found mention of fines for account inactivity, but did not find information about their size. Since swindlers do not operate in the official field, it is impossible to protest these fees.
That is, if a trader has ceased cooperation with Voytegon, they may begin to disturb with calls and spam with a demand to pay off the fine.
How does Voytegon work?
The method of finding new customers that Voytegon uses also raises concerns.
Fake social media accounts are used for advertising, in which fake users report how they quickly managed to make a profit by trading Forex with Voytegon. Advertising profiles show expensive cars and real estate, trips to resorts and other indicators of a prosperous life.
Bots promise instant profit growth, for which you do not need to learn or put in a lot of effort.
If a client gets in touch with them, Voytegon managers confirm the reality of quick earnings, and in addition about the unique abilities of their software, which will make it possible to immediately withdraw a large profit.
Then all sorts of tricks are used to get the maximum number of deposits from the user. For example, you can draw a small profit in order to inspire you to give even more funds.
If the work on the Forex market is negative, the representative of the organization will offer to invest more in order to compensate for the losses.
Voytegon employees operate according to algorithms that were developed by qualified scammers. Criminals study user data in order to influence vulnerabilities and get more investments.
As a result, all this will come to one of the ends:
- When you decide to get an investment before you find yourself in loans, you will draw fees, freeze the money invested, and do everything to force you to pay more;
- If you allow the bandits to drive the account into a minus, threats will fall, the bandits will extort to repay a non-existent loan.
An additional way to make a profit for Voytegon may be the sale of your personal information to third parties. Most likely, after that, information about you can be obtained for a modest amount of money on some anonymous service on the dark web.
It is likely that as a result of this, various bandits, sellers, etc. will begin to call you more often. You should also expect calls from Voytegon's accomplices, who will offer to "receive" the lost finances, of course for a fee.
Since Voytegon does not operate in a regulated field and remains incognito, Voytegon cannot be compelled to comply with the law in the UK. The leaders of the criminal organization are diligently hiding and in the best case, the legitimate authorities will be able to catch one of the "managers".
Is it worth working with Voytegon?
Only if you are going to give finances to criminals, then give them to a good cause.
Let's briefly list the facts that Voytegon are bandits:
- Lack of official registration;
- No demo deadline;
- Lack of information about the owners of the company;
- Phone number found in shady schemes;
- Negative score;
- Credit ratio greater than one to 50;
- Bad reviews;
- False information on the website.
Our Voytegon review is over. It is obvious that Voytegon are scammers.