VNSmart Broker Review

VNSmart Broker Review – Is VNSmart.com a Big Crypto Trading Scam?

The VNSmart broker claims to offer regulated blockchain securities trading. Their first lie is that they claim to be the first to provide stocks on the blockchain. They have also developed the VN coin, which is to be listed by 2024 on all global exchanges.

Here is a detailed review of VNSmart that uncovers lies one by one! Furthermore, please read our reviews of  FX Elite, OBFX , and WorldWideBrokers  scam brokers. Your funds are at risk!

1. Scam Broker Status: Unregulated
2. Regulated by: Unlicensed company / unregulated
3. Websites of scammers: vnsmart.com
4. Trading Status: Active Forex Scam
5. Scam listed by: FSMA, MAS, CONSOB
6. Owner of the broker: N/A
7. Country of Headquarters: N/A
8. Year of foundation: N/A
9. Platforms for online trading: WebTrader
10. Trading on mobile devices is available.
11. The minimum deposit: N/A
12. Bonus: None
13. Trading Crypto Assets: BTC, USDT, NEO (54 cryptos available)
14. Trading CFDs is an option: Yes, you can trade CFDs
15. The following instruments are available for trading: Cryptocurrencies (Cryptos) and Stocks.
16. Leverage maximum: 1:50
17. There is no Islamic account available.
18. No free demo account; only live trading accounts are available.
19. US traders are accepted: US traders are accepted
20. Fraud Protection Experts’ Verdict: Don’t Invest in This Scam Broker!

Is VNSmart Regulated? – Is The Platform Legit?

Bitom PTY LTD of Australia owns VNSmart. The company claims to operate in 158 countries, with offices in Singapore, Hong Kong, Korea, France, Cyprus, the UK, New Zealand, Vietnam, and Japan. All of these countries have an address, suggesting VNSmart regulation should come from them all.

Scam Warnings From Financial Watchdogs

The unlicensed nature of VNSmart’s financial services has resulted in numerous client complaints. The VNSmart trading scam has received warnings from several financial regulators, stating that you should avoid it.

Official Warnings Issued by FSMA And MAS – Evidence of Fraud

The Belgian FSMA issued the first official warning against the VNSmart scheme, which was republished by the Italian CONSOB, indicating that the broker operates in both EU countries. 

Singapore’s MAS reported vnsmart.com as an unregulated domain with an address in the country.

Where Is VNSmart Trading Scam Active?

Based on our review, the VNSmart scam primarily targets:

• UK
• Canada
• Australia
• US

The company states in its Terms and Conditions that several countries are restricted, including the US. It operates there as if it is a legitimate company.

VN Coin Crypto – Another Crypto Scam Token

The VNC token created by VNSmart is mined through a mobile app. The token is allegedly gaining value by mining securities on the blockchain. There have been several coins that gained popularity, such as YuanPay, but their popularity was short-lived.

Many exchanges have their coins nowadays, but they are also regulated and belong to a specific legal framework, unlike VNSmart and its coin. Working with trusted companies is the key to mining and getting a real coin.

Scammed By VNSmart Broker? – Talk To Our Recovery Experts

Let us know if you were scammed by VNSmart and other fake crypto coin makers. We at Global Fraud Protection are here to assist you and investigate this case for you. Don’t give up on your hard-earned cash!

Book a free consultation online, and let’s get what’s rightfully yours back!