Vodycoin has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Tried to withdraw my funds from Vodycoin and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
I looked into Vodycoin and found they appear in the regulatory warnings database. Financial Markets Authority has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Cons: Flagged by international regulators|Due diligence required
Opened my account with Vodycoin after doing extensive research 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: Dividend tracking|Instant funding|Personal attention|Detailed reporting
Cons: Limited social trading features
Vodycoin seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Responsive team|Low minimum deposit|Fast execution
Cons: No phone support on weekends|Limited ETF selection
I wanted to transfer my portfolio from another broker to Vodycoin. 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: Clear documentation|Automated trading options
Cons: Desktop app not available on Linux|Some tools only available on higher tiers
I gave Vodycoin a fair chance. After for the past year and a half of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Personal attention|Regular updates|Full transparency|No hidden fees
Cons: Would like more payment methods|Website design could be more modern
I am in a dispute with Vodycoin 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: Easy to use platform|Tax reports included|Automated trading options|Smooth onboarding
Cons: Some tools only available on higher tiers|Email notifications too frequent
My withdrawal from Vodycoin 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 mid-2025 of being strung along.
Pros: Demo account available|Dedicated account manager
Cons: No live chat on mobile|Minor UI glitches occasionally
After spending since mid-2025 trying to make Vodycoin work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Clear documentation|Transparent fees|High security standards|Reliable uptime
Cons: Email notifications too frequent
Several red flags with Vodycoin: (1) They promise unrealistically high returns, (2) They're not registered with Financial Markets Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Not registered with regulators|Unrealistic promises