Prev Vault has been flagged by Finansinspektionen for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". Loan Fee Fraud
Prev Vault has a website (www.prevvault.com) and is using the following contact information:
Prev Vault
29 Rue de Courcelles
75008 Paris
France
Telephone: +330758378605
E-mail: [email protected] This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.prevvault.com.
Prev Vault offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Personal attention|Segregated accounts|Great customer service
Cons: Wish they had more educational resources|Desktop app not available on Linux
After seeing ads for Prev Vault online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Finansinspektionen. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Not registered with regulators|Unrealistic promises
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Prev Vault said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Customizable dashboard|Low minimum deposit|Fast deposits|Market news feed
Cons: Desktop app not available on Linux
The platform at Prev Vault is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for a couple of months now of dealing with this, I have had enough.
Pros: Regular updates|Easy withdrawals
Cons: No fractional shares
I signed up with Prev Vault from a review site like this one and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Multi-currency support|Smooth onboarding|Comprehensive tools
Cons: Desktop app not available on Linux|None so far
Opened my account with Prev Vault through my accountant's suggestion and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Easy to use platform|High security standards|Multi-device support
Cons: Live chat only during business hours
The hidden fees at Prev Vault are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Multi-currency support|Fast execution
Cons: Minimum deposit could be lower
Prev Vault had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Copy trading available|Clean UI|Portfolio tracking tools
Cons: Mobile app could be improved|Withdrawal takes 1-2 business days
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Prev Vault is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: No regulatory oversight|Money disappeared|Fake testimonials