Vivatox has been flagged by Autorité des marchés financiers for "Unregistered/Unlicensed entity offering financial products or services". Vivatox is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec.
Last known city: Kingston, St. Vincent and the Grenadines. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: vivatox.io.
I was contacted by Vivatox through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
My withdrawal from Vivatox was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since I opened my account last year of being strung along.
Pros: Excellent charting|Instant funding
Cons: Desktop app not available on Linux
The mobile app from Vivatox is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Responsive team|Great customer service
Cons: Email notifications too frequent|Could offer more webinars
I wanted to transfer my portfolio from another broker to Vivatox. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Good analytical tools|Portfolio tracking tools|Two-factor authentication|Social trading features
Cons: Some tools only available on higher tiers|No phone support on weekends
The so-called education at Vivatox is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for just over a year thinking they would help me learn.
Pros: Dedicated account manager|Demo account available
Cons: Account statements could be more detailed
My withdrawal request from Vivatox has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Automated trading options|Segregated accounts|Instant funding
Cons: Help articles are sometimes vague|Limited social trading features
I was about to invest with Vivatox but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Autorité des marchés financiers has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Unauthorized firm|Found in IOSCO warnings database