Why do we consider Voytegon broker a fraud
The online broker Voytegon, operating in Great Britain, is considered a scammer with an unclean reputation.
When we go to the official website of Voytegon - Voytegon.com, we will read that this company provides intermediary services for working on the Forex financial market in the UK. In addition, Voytegon offers services for financial transactions.
We analyzed the official website of Voytegon, got acquainted with the terms of action, made a ride to get at least test access to the programs, looked at the existence of official papers, the place of registration of the organization.
With the help of the information received, we will figure it out: Voytegon - a divorce or not?
In addition, we will explain to you how not to fall into the trap of scammers, about their methods of action. We will give you the information you need to keep your money safe.
Voytegon organization is located in an offshore zone
The first sign that says that Voytegon.com is a scam is the country of registration. The company is documented in the Marshall Islands, which is already doubtful, since it operates in Britain. Offshore regions are popular with scammers due to the lack of legislation and control.
In addition, this state does not have rights to work in the Forex market.
In addition, when our experts tried to find the address, mentions of the owners and management of Voytegon, they could not find anything.
This already hints that Voytegon.com is an illegal Internet broker, interaction with which will result in large financial losses.
No organizer information found for Voytegon
After analyzing the official website, we could not find any truthful data about the management of Voytegon. No physical address, no phone numbers or other ways to get in touch.
Basically, this means that the real owners try to hide their identities in order to hide from responsibility for their actions. If you manage to contact one of the Voytegon managers, then everything will end with this, and the organizers of the criminal firm will remain at large with money.
Voytegon, official website - Voytegon.com, is up for less than thirty days
The Voytegon website talks about many years of experience in the Forex financial market.
The most common way to explore a website is to get information about its domain. Basically, they record the age of the existence of a domain name, data for the owner's connection.
In this case, the Voytegon domain name exists for less than one month, and all data about the legal entity that owns it is classified. Another evidence that the owners of Voytegon are trying to keep their incognito.
Such a desire can be accepted, but not when it comes to a financial institution acting as an intermediary between the user and Forex.
In addition to this, Voytegon.com themselves assure potential users that they have been successfully operating in the Forex market for quite a long time.
Voytegon does not have a demo period
It is normal practice for Internet brokers to provide users with a test version of the software so that they can get acquainted with the interface, try their skills in trading on the Forex financial market with virtual money.
Unfortunately, on the Voytegon website, we did not find any information about the demo period, the opportunity to try out the programs.
Most likely, the organizers of the Voytegon company are simply not going to give customers test access to their service, since someone may suspect something was wrong.
Online broker Voytegon works with a negative balance
Registered companies that operate in the Forex market do not apply a negative balance in their work. According to the law, a trader of an Internet broker is not able to spend more now on the account. In those rare situations when the balance still goes into negative territory, it is not the user who is obliged to pay off his debts, but the company that offered its services.
Therefore, legal online brokers do not use a negative balance in their work.
Nevertheless, Voytegon offers its clients Forex operations with a negative balance, that is, on credit.
What is it for?
To drive the user into a minus and extort a debt from him. This is one of the most commonly used methods of deception used by criminals.
If this has already happened, you need to remember that criminals do not have the opportunity to knock out finances under the law of Great Britain. Absolutely all methods of pressure on you are criminal. The most that scammers are capable of is calling, writing messages with threats.
You cannot cooperate with Voytegon.com, as the agreements will turn into expenses.
Voytegon.com operate with a leverage of 1 to 400 or more
Already, it becomes obvious that Voytegon are swindlers. However, let's pay attention to another nuance, namely the existence of too much leverage.
The credit ratio is the ratio of the finances of traders and online brokers when making a trading operation. This makes it possible to close large trading operations for traders who do not have large amounts of money with them.
In order to protect clients in the Forex financial market, in developed countries, the current laws require the use of leverage with the highest ratio of 1 to 30, in rare cases fifty.
At the same time, Voytegon uses a credit leverage of one to four hundred to make money on the Forex financial market.
This relationship is legalized in Switzerland, as companies registered in this state enjoy considerable trust. However, Voytegon is not registered there.
In fact, Voytegon is not allowed to trade Forex with such leverage, due to the high risk for users. So, this is done in order to force the trader to transfer more personal finances, but also to drive in loans.
Local branches of Voytegon
It is considered solid for a financial company to have local divisions in civilized states, even if the work takes place only in England. So Voytegon informs that in addition to an impressive number of awards, they have local branches in Britain, Australia and other civilized countries, as well as a large number of competent employees.
It is quite easy to check the existence of these offices. Since specialized organizations are known that regulate the work of online brokers. In the UK, this is FCA, and for example, Australia - ASIC.
Accordingly, a legal firm must have official documents from these or other organizations that confirm their right to provide services for trading operations on the Forex market, and regulate the degree of responsibility.
However, after analyzing specialized sites, our employees could not find them. Which once again confirms our fears.
For registration on Voytegon.com, you must transfer personal data
As we said before, Voytegon does not have a demo period, and therefore, in order to gain access, you must immediately pay the minimum deposit to the Voytegon bandits. Also, access to the Voytegon.com personal account is real only upon completion of user confirmation.
This means that Voytegon requires users to submit information such as:
- Information about an individual (passport, etc.);
- Information about the permanent place of residence (scans of utility bills);
- Information about qualifications, place of work, experience.
In addition, during the initial transfer, the bandits are able to access personal account information.
As a result, this data may allow fraudsters to swipe a loan on a user, or to carry out other criminal schemes.
Since you need to send personal data to register on the Voytegon.com website, our employees did not get access to Voytegon's personal account and programs for trading on the Forex market.
An extremely important step in exposing Voytegon is the analysis of feedback from traders.
Analysis of the issue in search engines allowed us to obtain the following information:
- Most of the Voytegon reviews online are fake. These are template positive mentions of the paid type;
- All real reviews about Voytegon are negative. Our experts were unable to find credible reviews and comments from Voytegon.com customers that would mention profit, successful work.
- Negative mentions are associated with fraudulent activities, theft of investments, artificial creation of debt.
Therefore, reviews of Voytegon report that the Internet broker in question is a scammer.
Voytegon contact details and official papers
Analyzing the data on Voytegon.com, our experts have identified a lot of questionable digital official papers that can be easily done with the help of a graphic editor. They are not confirmed by official firms, which means they cannot be trusted.
If a broker is not associated with regulatory companies, then its clients simply have nowhere to turn for help.
On the "Contacts" page, our specialists found a phone number. It turned out that it had already been used by an illegal 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 an online Forex broker? Make sure that you can take away investments from him.
Studying the trade agreement on the Voytegon website, our employees did not find clear information about the methods for withdrawing earned money. In addition, our experts identified a mention of fines for the lack of activity of a personal account, but there was no information about the amounts. Since swindlers do not operate in a legal field, it is impossible to challenge these fines.
Therefore, if the client has ended cooperation with Voytegon, they may start calling and writing messages demanding to pay the fine.
How does Voytegon work?
The way Voytegon uses to find new customers is also alarming.
For promotion, fake profiles on social networks are used, in which fake people talk about how they instantly managed to get income by working on the Forex market with the help of Voytegon. Fakes show expensive cars and real estate, trips to resorts, and other indicators of a rich life.
Non-existent people guarantee instant profit growth, which does not require training or effort.
If the user gets in touch with them, Voytegon managers inform about the possibility of instant profit, as well as about some unique features of their services that will allow you to immediately get a serious income.
After that, various tricks go into work, allowing you to get the maximum amount of deposits from the trader. For example, you can create a small profit to provoke you to give away even more funds.
If the work on the Forex financial market becomes negative, the company representative will recommend transferring even more in order to compensate for the losses.
Voytegon managers act according to the manuals that were developed by professional swindlers. Fraudsters analyze information about a trader in order to act on vulnerabilities and get more money.
As a result, everything will lead to one of two endings:
- When you are about to withdraw money before you find yourself in debt, you will be charged fees, prohibited from using assets, and will do everything to force you to pay more;
- If you allow the criminals to drive the balance into debt, there will be threats, the bandits will extort to repay the fake loan.
Another way to generate income for Voytegon can be the sale of your personal information to third-party organizations. We assume that, as a result, information about you will actually be bought for a small amount on an anonymous Telegram channel on the dark web.
It is likely that after that various scammers, sellers, etc. will begin to call you more often. You can also expect calls from Voytegon.com accomplices, who will begin to offer a "return" of lost deposits, of course for a fee.
Since Voytegon does not operate in a regulated environment and remains anonymous, Voytegon.com cannot be held accountable in the UK. The organizers of the criminal company skillfully hide and in the best case, the police will be able to capture one of the "managers".
Should I trust Voytegon?
Only if you plan to give money to scammers, then it is better to give it to charity.
Let us briefly state the facts indicating that Voytegon are criminals:
- Lack of official registration;
- No trial period;
- There is no information about the owners of the company;
- Phone number found in illegal transactions;
- Negative balance;
- Leverage over 1 to 50;
- Negative reviews;
- False information on the website.
Detailed review of Voytegon - over. It is clear that Voytegon are criminals.
We have compiled a complete list of brokers that you cannot work with.