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Is there any regulation in Vittaverse? Please help check
moncsicsi
India
2025-07-16
ANSWER Dear Investor, Vittaverse claims to be registered and regulated by the Seychelles Financial Services Authority (FSA) under license number SD200. Our investigation confirms that the entity in question is indeed listed under the Seychelles FSA, with a domain name matching the one used by Vittaverse. However, it is important to note that the Seychelles FSA is an offshore regulatory authority often associated with relatively lax oversight and limited investor protections. As such, this license should not be equated with the regulatory standards of more rigorous onshore jurisdictions. In addition, Vittaverse states that it is incorporated under the laws of Saint Vincent and the Grenadines. Our review found that the registry of the Financial Services Authority (FSA) of Saint Vincent and the Grenadines revealed a corresponding International Business Company (IBC) listing. It is important to note, however, that IBC status does not imply any form of financial regulation or authorization. The FSA has stated that it does not regulate or license forex trading activities. In summary, while Vittaverse may appear to be a legitimate entity, this does not equate to robust regulatory oversight or reliable investor safeguards. We strongly advise investors to exercise caution and conduct thorough due diligence before engaging with such brokers.
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Is Vittaverse regulated or not?
Rodolfo Harari
Indonesia
2023-12-13
ANSWER No, Vittaverse is not regulated or licensed.While Vittaverse claims to possess the registration number 26879BC2022, issued by the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA), it is crucial to note that its offerings are not actually licensed. The SVG FSA has explicitly stated that forex trading brokerage activities are not licensed or regulated by them.Therefore, despite its claim of having an SVG FSA license, Vittaverse remains unregulated. This poses substantial risks of fraud and identity theft. To protect their interests, investors are advised against trading with Vittaverse. It is recommended to choose forex brands that are fully regulated and have solid reputations.
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