Vittaverse Faces Profit Freeze Complaint Amid Ongoing Offshore Broker Disputes

Last week, BrokersView received a complaint from an Iranian trader who accused broker Vittaverse of freezing his trading account and withholding approximately $2,000 in profits without justification.

According to the complaint, after the trader made profits on the Vittaverse platform, his account was suddenly frozen and withdrawals were blocked. The broker did not provide any specific explanation, citing only "account irregularities" as the reason for restricting operations. In his statement, Moradeans expressed frustration: "This broker froze my $2,000 profit and blocked my account—don't ever sign up!"

Vittaverse claims on its website and public materials that it is regulated by the Seychelles Financial Services Authority (FSA) under license number SD200, and is also incorporated as an International Business Company (IBC) in Saint Vincent and the Grenadines (SVG).

In July, BrokersView conducted an independent verification and confirmed that Vittaverse is indeed listed in the Seychelles FSA registry, with a domain name consistent with its official records. However, as noted in BrokersView's previous investigation, although the Seychelles FSA is a legitimate regulatory body, its oversight is relatively relaxed, offering limited investor protection. Compared with major jurisdictions such as the EU, Australia, or the UK, its standards for fund segregation, compensation schemes, and auditing disclosures are considerably lower.

As for the FSA of Saint Vincent and the Grenadines, the authority has publicly stated that it does not regulate or license forex trading activities. In other words, while Vittaverse may be legally registered there, such registration does not constitute any form of financial regulation.

In short, while Vittaverse's "licensed" status exists in name, its regulatory effectiveness remains limited. For ordinary investors, such offshore licenses often mean greater operational flexibility—but also higher risks and uncertainties.

Within the BrokersView community, reviews of Vittaverse are sharply divided.

On one side are strong accusations from traders in Iran and Bahrain:

"They removed my profits for no reason."

"My account was blocked, and the broker never replied to any of my emails."

On the other side, some traders from Pakistan shared a very different experience:

"My experience with Vittaverse has been great—fast execution and low spreads."

"Their support team responds quickly and even provides training and free trading signals."

Indeed, cases like this have become increasingly common among recent complaints received by BrokersView. Whether it was RS Finance deducting profits over alleged "VPS usage," Sanon Capital's withdrawal difficulties faced by a Japanese investor, or RockGlobal's sudden and unexplained fund deductions, all point to the same underlying issue — a lack of operational transparency among brokers operating under offshore regulatory frameworks.

While the details of each case may differ, the core problem remains the same: investors' profits being withheld or accounts restricted, with brokers citing vague reasons such as "risk control" or "system irregularities." For average traders, this often means navigating disputes in a regulatory gray zone, where protection and recourse are limited.

BrokersView Reminds You

If you choose to trade with brokers regulated under offshore jurisdictions, be sure to carefully review their regulatory status, client agreement, and withdrawal policy before opening an account.

BrokersView will continue to monitor the Vittaverse case and collect further evidence as part of its ongoing effort to promote transparency and compliance within the forex trading industry.