Vastshore Peoples Bank has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I am in a dispute with Vastshore Peoples Bank over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Intuitive for beginners|Wide product range
Cons: Minor UI glitches occasionally|Withdrawal takes 1-2 business days
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Vastshore Peoples Bank 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: Withdrawal fees demanded|Communication cut off|Not authorized
I experienced a security concern with my Vastshore Peoples Bank account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Stable platform|Multiple order types
Cons: Limited ETF selection|Live chat only during business hours
What really bothers me about Vastshore Peoples Bank is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them through a financial advisor and I fell for the polished exterior. Never again.
Pros: Regular platform improvements|Stable platform|Portfolio tracking tools|Segregated accounts
Cons: Wish they had more educational resources|Research section could be deeper
Vastshore Peoples Bank has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Multiple order types|High security standards
Cons: Currency conversion fee exists
I referred a friend to Vastshore Peoples Bank after a family member had a good experience. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Multiple order types|Great customer service
Cons: Withdrawal takes 1-2 business days
I was about to invest with Vastshore Peoples Bank but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Conduct Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Unauthorized firm|Found in IOSCO warnings database