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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