Is this a scam? My friend claim they've been making money on VAVATREE.

https://www.vavatree.com/

Dear Investor,

Thank you for reaching out to us. We are deeply concerned about VAVATREE and want to inform you of the following:

New Domain: VAVATREE's website domain was registered in March 2024, indicating a relatively new presence.

False Regulation Claims: Our research indicates that VAVATREE falsely claims to be regulated by multiple authorities.

FCA Warning: The Financial Conduct Authority (FCA) has issued a warning, stating that VAVATREE is unauthorized and advising investors to avoid it.

Therefore, we strongly recommend that you avoid using VAVATREE. For a safer trading environment and peace of mind, it is advisable to stay away from unregulated brokers.