Viamarketsgo claims to be the perfect marketplace for buying and selling trading instruments. With compelling imagery, the platform has what looks like a professional trading platform. Far from it, Via Markets Go is a lousy investment platform. It doesn't offer investors any chance of successful trading. The platform is known for withdrawal delays and harsh trading conditions. Please find out more in our Explosive VIAMARKETSGO REVIEW.
The about us page does little to discredit rumors the platform lacks professionalism. We don't find any information regarding their background and history. It's best to invest in a platform that has a credible track record.
Claims of being a licensed system are clearly off the mark. The platform doesn't indicate any license documents that would prove compliance. And these are some of the many red flags we spotted with the platform.
With harsh trading conditions comes the high risk of losing your funds. As a result, the platform has imposed a leverage of 1:1000. It's one of enormous leverage, with the platform taking complete advantage of losing trades.
You should ensure you invest with platforms that guarantee fund safety. Go for platforms that offer good investment strategies for the long and short term. Try out Coin staking, DeFi, and Masternoding as ways of earning.
We also get to see false claims, such as having over 750,000 registered traders. If this were true, the platform would be well known in the trading community. These are false narratives meant to drive up sales.
Your first step as an investor is making sure the platform in question is credible. Do some research and find out what others are saying about the platform. It's the only way to remain credible.
Viamarketsgo offers SIX account packages for its members. It's a high number of accounts considering the features are almost the same. The six accounts include standard, gold, premium, platinum, VIP, and Elite.
Let's take a closer look at each of the six accounts;
Standard
It's the most basic account, and members must deposit 1,000 Euros to start trading. The platform comes with a minimum spread of 1.8 with bonuses of up to 50 percent. And this means the platform is willing to credit your account with 500 Euros.
Gold
For the gold account holder, you must deposit 5,000 Euros to start using it. The platform comes with a personal account manager and trading signals. Users get a minimum spread of 1.6 pips and a 50 percent bonus.
Premium
There's a 10,000 Euro deposit required to start trading with the platform. It has the same bonus percentage of 50 with minimum spreads set at 1.2 pips. Members get trading signals that come with strategies and technical indicators.
Platinum
With the platinum account, investors must deposit 25,000 Euros. The account is slightly different as it has a leverage of 1:500. However, members get a custom investment portfolio, and the bonus remains the same, 50 percent.
VIP
For the VIP account, members must deposit 50,000 Euros to start trading. The maximum leverage is set at 1:200, with members getting a 100 percent bonus. You also get unique algorithms and a free trading course.
Elite
It's the most exclusive account with members having to deposit 100,000 Euros to use it. The account comes with a leverage of 1:200 and minimum spreads of 0.2 pips. In addition, you get access to the development investment plans and fundamental and technical analyses.
With the high leverage, the platform benefits greatly when members make losing trades. And this is why regulators had to step in and set the acceptable leverage. The maximum leverage is 1:100 in most jurisdictions.
Other strict regulators such as CFTC and the SEC have capped leverage at 1:50 for institutional traders. The accuracy of the trading signals is in doubt as nearly all signals are far from accurate. And these are some of the features the platform won't mention as disadvantages.
We see a platform offering 50 and 100 percent bonuses with the first deposit. Although this appears to be an excellent promotional material, it's a trap. The platform will later hold your funds for ransom.
No one gets to withdraw funds unless they pay back in full the bonus amount. For example, if you receive a bonus of 100,000 Euros, you have to make a fresh deposit of that amount. Even if your account has funds to clear the bonus, the platform insists on a new deposit.
And this is why regulators had to step in. Bonuses are gifts for signing up with the platform, and there's no need to see them differently. The platform uses the word ‘bonus' to mean a loan from the platform.
When deciding which investment platform to use, ensure you go for one with a strong support structure. Check whether the platform response time is quick enough for your liking. Go for platforms with live chat or a way to speak directly.
The phone number we see is from the Island of Aruba. And this clearly shows we are dealing with an unregulated trading platform. There's no way the platform is state-side or based in Europe.
You don't get live chat, and their email response time is poor. Once you send an email, the platform takes three days to respond. And this is unfair to members with urgent queries. Also, their support structure is a bummer.
The other two phone numbers are from Ghana and the UK. It doesn't take a genius to see the platform uses the services of virtual phone service providers. With these numbers, it makes it easier to target investors in the two regions.
You can fund your account using several methods such as bank and wire transfers. Viamarketsgo doesn't let anyone deposit with Crypto, although it offers Crypto trading services. After depositing funds, the amount will reflect in your trading account within 24 hours.
Hopefully, you can start trading and make profitable trades. The only obstacle is the platform's lack of willingness to allow withdrawals. However, it seems the platform is open to partial withdrawals of fewer than 1000 Euros.
It makes no sense to deposit a large sum only for the platform to limit your withdrawal amount. But, unfortunately, there's no communication from the platform as to why this is the case. And this is the reason why we have to blacklist the platform.
Viamarketsgo is not a licensed or registered trading platform. There's way too much risk when it comes to unregulated trading platforms. We don't see any documents on the platform to prove compliance.
Without any regulatory framework, Via Markets Go is free to operate as they wish. And this is why the platform offers insane bonuses and leverage amounts. No regulator would allow for such.
When investing, make sure to go for platforms regulated by credible bodies. These institutions include ASIC, BaFIN, CySEC, FCA, NFA, and the SEC. Others include CFTC, CNMV, CONSOB, FINMA, and FMA.
Regulators ensure all parties adhere to strict rules.
There's no security of funds with a platform that doesn't offer a safety net for clients. For example, you don't get deposit insurance with the platform. So it's best to shun such platforms as they put your funds at risk.
We won't be recommending the platform but instead have to add them to our blacklist.
Go for industry-leading investment platforms with a proven track record. These platforms offer users a chance to make reasonable profit margins.
If you have any queries, feel free to drop a comment or write to us.
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