Beware! Visionbits.biz is an offshore broker! Your investment may be at risk.
Visionbits.biz Key Facts
🔴 Visionbits.biz creates unrealistic expectations by claiming investors can gain 3500% gains after 45 days. A scam sign!
🔴 Visionbits.biz doesn't disclose important information about themselves. Red flag!
🔴 Visionbits.biz is a recently registered website. Disturbing sign!
Visionbits.biz registration, license and regulation
Visionbits.biz is allegedly a brand of VISIONBIT LIMITED, a UK company registered back in 2020. However, there is no way we can link this website to the company mentioned and we suspect this website might be abusing the details of the English company. At the same time, we found much controversial information about this entity, so it's a fishy story whatsoever.
In the end, the company holds no license to act as an investment provider, while the website isn't associated with any other licensed company. It's an illegal entity making offers that sound too good to be true. A promise of 106% profitability every day is solid evidence of a scam. We advise traders and investors to avoid shady schemes like this one but rely on authorised companies compliant with countries’ investments regulations.
When we talk about investments, the critical aspect for traders and investors is the regulation. The regulated companies are licensed by the authorities responsible for supervising the financial markets, therefore safe to put your money in. These companies have to meet the strict rules laid down to sustain the financial system's stability and integrity. But most importantly, the set of requirements businesses have to meet convey customer protection and safety for the investors.
The most comprehensive regulation is the minimum capital requirement which guarantees the companies have money at their disposal to remain stable in turbulent times. The minimum paid-up capital demanded varies- EU and UK- 730 000 EUR; Australia- 1 000 000 AUD; USA, Canada, Switzerland- 20 million USD/CAD/Swiss francs.
Another crucial regulation worth mentioning is about transparency. Each licensed company have to provide the public with its headquarter address, contact numbers, license numbers and so on, making it easy for investors to verify it's a legit business. If it's impossible to find comprehensive information about an investment provider, you'd better dismiss this entity as unreliable.
Visionbits.biz address and contacts
Visionbits.biz lists 65 Gresham Street, London, England, EC2V 7NQ, as their headquarter address, but they refuse to disclose their contact number, which is yet another disturbing sign. Companies withholding critical information to the public should be dismissed as unreliable. The legit investment providers are bound by the law to present the public with their basic corporate information.
Visionbits.biz website information
Visionbits.biz is a domain registered at 02.11.2020 on a German IP address:161.97.86.160 by PDR, LTD. It co-hosts 29 other websites, most of which belonging to brokers and investment companies. In fact, some of the websites are identical in appearance with only the names changed over. We suspect the IP hosts many fraudulent websites run by a group of scammers who want to steal as much as possible from traders and investors.
Have a look at the other brokers and investments providers co-hosted at the same IP by following the links below:
Scam warning
We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority.
However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.
Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.