Let's tell the whole truth about the Voytegon broker - Voytegon.com scam
Julius Conley
12 / January / 22
Visitors: 534
Online broker Voytegon, which operates in the UK, is considered a scam with a tarnished reputation.
When we go to the official website of Voytegon - Voytegon.com, we will find that our company provides brokerage services for transactions in the Forex financial market in the UK. In addition, Voytegon offers services for trading operations.
Our experts studied the official website of Voytegon, got acquainted with the working conditions, made a trip to get demo access to the software, looked at the existence of documents, the region of registration 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 deceivers, about their work algorithms. We will tell you the necessary data in order to keep your money safe.
The Voytegon organization is located in an offshore country
The main call saying that Voytegon.com are scammers is the country of registration. According to the documents, the organization is registered in the Republic of the Marshall Islands, which is already suspicious, since it operates on the territory of Great Britain. Offshore states are popular with deceivers due to the lack of legislation and executive power.
Also, this region does not have the authority to operate in the Forex market.
Moreover, when our experts tried to find the real address, information about the owners and directors of Voytegon.com, they could not find anything.
This shows that Voytegon.com is a criminal online broker, interaction with which can result in large financial losses.
Lack of information about the directors of Voytegon
After examining the site, we could not find plausible information about the organizers of Voytegon.com. No physical address, no phone numbers or other means of contact.
Most likely, this means that real leaders are trying to hide data about themselves in order to elude punishment for their actions. If you manage to find one of the Voytegon employees, then this will all end, and the organizers of the criminal organization will remain free with the money.
Voytegon, official website - Voytegon.com, is less than a month old
The Voytegon website talks about many years of experience in the Forex market.
The main way to check a website is to get information about its domain. Most often, they contain the period of existence of the domain, data for the connection of its owner.
In a specific case, the Voytegon domain name exists for less than one month, and the data on the legal entity that owns it is hidden. Another proof that Voytegon management is trying to remain anonymous.
This desire can be supported, but not when it comes to a company that works as an intermediary between the user and the Forex financial market.
In addition to this, Voytegon.com assures their potential clients that they have been operating effectively in Forex for many years.
Voytegon.com does not have a demo period
It is a common practice for online brokers to give clients a demo version of the software to get them familiar with the interface, to test their skills in Forex operations with virtual money.
Unfortunately, on the website Voytegon.com, we could not find data on the test period, the ability to test the software.
Most likely, the management of Voytegon.com is most likely not going to provide traders with test access to the service, since someone may begin to suspect fraud.
Internet broker Voytegon.com operates with a negative balance
Official organizations that operate in Forex do not use a negative account in their work. In accordance with the laws, a trader of an Internet broker is not able to spend more than what is currently on his balance sheet. In those rare cases when the account still goes into negative territory, the debt will be paid not by the client, but by the company offering its services.
Therefore, registered online brokers do not use a negative account in their activities.
However, Voytegon allows its users to trade with a negative score, i.e. on credit.
Why is it necessary?
To drive a client into a loan and extort him to repay the loan. This is one of the most popular methods of fraud used by criminals.
In the event that this happens, you need to know that criminals have no way to knock out investments under the law of England. Any means of influencing customers is considered illegal. The maximum that criminals are capable of is to call, send messages with demands.
You cannot work with Voytegon.com, as any attempts to negotiate will result in losses.
Voytegon operate with a credit ratio of 1 to 400 or more
Already now, it is obvious that Voytegon are swindlers. And yet, let's pay attention to one more fact, namely the existence of an extremely high leverage.
The credit ratio is the ratio of the finances of users and online brokers when making a transaction. Leverage allows large transactions to be made by users who do not have sufficient funds with them.
In order to protect traders in the Forex market, in developed countries, the current legislation requires the use of leverage with a maximum ratio of one to thirty, in rare cases fifty.
At the same time, Voytegon uses a leverage of 1 to 400 for operations on the Forex market.
Such an attitude is permitted in Switzerland, since companies registered in this state enjoy considerable trust. But Voytegon is not registered in this country.
In fact, Voytegon is not allowed to trade in the Forex financial market with such leverage, due to the high risk to users. Actually, this is used only to force the client to give more personal funds, but also to drag him into loans.
Regional divisions of Voytegon
It is considered important for every firm to have a local presence in the developed regions, even if only in the UK. So Voytegon talks about the fact that in addition to many awards there are local offices in England, Australia and other civilized countries, as well as about many qualified specialists.
It is easy to check the reality of these offices. After all, there are specialized organizations that regulate the activities of online brokers. In the UK it's FCA, and in Australia it's ASIC.
Therefore, a legal company must have supporting papers from these or other organizations that will confirm their ability to provide trading services on the Forex financial market, regulate the degree of responsibility.
However, after analyzing specialized websites, our experts did not find them. This once again reinforces our suspicions.
To register on Voytegon.com, you must transfer personal data
As we said earlier, Voytegon does not have a trial period and therefore, in order to gain access, you must immediately pay the minimum contribution to Voytegon criminals. Also, access to the Voytegon.com personal account is possible only upon completion of the client confirmation.
This means that Voytegon requires users to provide information such as:
- Information about an individual (passport, driver's license, etc.);
- Data on the permanent place of residence (receipt for a communal apartment);
- Information about the place of work, qualifications, experience.
Also, during the initial transfer, fraudsters are able to access card information.
Combined, this information could allow scammers to issue a loan to a user, or perform other shady schemes.
Since for registration on the official website Voytegon.com, you need to send confidential information, our experts could not get access to Voytegon's personal account, as well as programs for making money on the Forex market.
Voytegon reviews
An extremely important step in exposing Voytegon is the analysis of traders' feedback.
A detailed study of the search results allowed us to obtain the following information:
- Most of the references to Voytegon on the Internet are lies. These are template positive reviews and mentions of the paid type;
- All true mentions and comments about Voytegon are negative. Our experts were unable to identify reviews and references from former clients of Voytegon.com, which would talk about earnings, successful activities.
- Bad reviews are associated with illegal activities, stealing money, creating credit.
Therefore, reviews of Voytegon indicate that the online broker in question is a scammer.
Voytegon contact details and documents
After analyzing the information on Voytegon.com, we found a lot of dubious digital official papers that can be easily made using a graphic editor. They are not confirmed by official companies, which means they cannot be trusted.
If a broker is not associated with regulatory organizations, then its clients simply have nowhere to turn for help.
On the "Contacts" page, we identified 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 an online Forex broker? Make sure you can take money from him.
Having studied the user agreement on the official website of Voytegon, our experts did not reveal clear information about the methods of withdrawing money. At the same time, our specialists saw a description of punishments for a long period of inactivity of the account, but did not find any information about the size. Since criminals do not operate in the legal field, it is impossible to challenge these fees.
Therefore, even if the trader has ceased cooperation with Voytegon, they may begin to disturb with calls and spam with a demand to pay a fine.
How does Voytegon work?
The way Voytegon uses to search for new users is also alarming.
For promotion, false profiles on social networks are used, in which non-existent bloggers talk about how they quickly managed to get rich by earning on Forex with the help of Voytegon. Fakes expose expensive cars and clothes, trips to resorts, and other manifestations of a prosperous life.
Bots promise a quick income, for which you do not need to learn or make a lot of effort.
If a client gets in touch with them, Voytegon employees talk about the reality of instant profit, and in addition about some unique abilities of their programs, which will make it possible to immediately get a big income.
After that, various tricks come into play, allowing you to get as much money from the trader as possible. For example, you can draw fake profits in order to provoke you to give even more money.
When work on Forex becomes negative, the personal manager will offer to transfer even more to compensate for the negative.
Voytegon managers act according to manuals created by qualified swindlers. Fraudsters study user information in order to put pressure on vulnerabilities and lure out more investments.
In any case, everything will come to one of two options:
- If you want to withdraw funds before you are in the red, you will be charged fees, prohibited from using assets, and will do everything to make you pay even more;
- When you let swindlers drive your account into debt, threats will fall, scammers will extort you to pay off the false debt.
Another way to make money for Voytegon can be the sale of your confidential information to interested companies. We assume that, after that, detailed information about you will be available for a modest amount of money on an anonymous service on the shadow Internet.
Most likely, after that, all sorts of bandits, managers, etc. will start spamming you. You can also expect calls from Voytegon's accomplices who will offer the "return" of lost deposits, of course for a fee.
Since Voytegon does not operate in a regulated field and remains incognito, they cannot be forced to respond under current laws in the UK. The leaders of the fraudulent company are diligently hiding and, at best, the legitimate authorities will be able to capture one of the "employees".
Can Voytegon be trusted?
Not!
Only if you plan to give money to the bandits, then it is better to give it to a good cause.
Let us briefly list the evidence indicating that Voytegon are swindlers:
- Lack of official registration;
- Lack of a test period;
- Lack of data on the owners of the organization;
- The phone was found in illegal fraud;
- Negative balance;
- Leverage greater than 1 to fifty;
- Bad reviews;
- False information on the website.
Full review of Voytegon - completed. It is clear that Voytegon are bandits.
We have compiled a list of brokers, that we recommend avoiding.
