VIRGOBANC is an unlicensed broker that we advise against trading with, despite the seemingly attractive deals it offers.
VIRGOBANC marks itself as an established broker, yet its failure to disclose any details regarding its regulatory status raises doubts about its legitimacy. Legitimate brokers typically showcase their accreditation and licenses prominently to instill trust and transparency, whereas VIRGOBANC doesn't provide any such information. We searched for VIRGOBANC in the Swiss Financial Market Supervisory Authority (FINMA) registry, given its claim to be located in Switzerland, but found no matching records. Moreover, the Comisión Nacional del Mercado de Valores (CNMV) has added VIRGOBANC to its warning list for offering investment services without authorization. You can access the full warning by clicking here.
Concerning your question, your withdrawal request may have to wait for a long time to be approved or simply be rejected by VIRGOBANC using various excuses, as VIRGOBANC is an unlicensed broker whose primary objective is to steal your money. If dealing with unlicensed brokers like VIRGOBANC, investors will expose themselves to significant risks, including loss of funds and identity theft. Therefore, we strongly suggest investors stay away from unlicensed brokers and opt for fully regulated ones instead.
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