Honest Review of Vivatox

In this Vivatox review, we introduce you to yet another representative of the classic Forex/CFD scam broker model. As is typical for fraudulent brokers, the owners of this project promise quality education, top-notch trading conditions, and professional support to traders. However, their operational methods remain unchanged, and their deceptive practices are evident throughout. Let’s focus on the warning signs that make it clear you shouldn’t trust this company. Curious? Keep reading.

Key Features

• Company Name: DialogueAD LLC (Vivatox)
• Website: https://www.vivatox.io/
• Available Contacts: [email protected]; +442039877655
• Foundation: 2024
• Services: Forex/CFD trading
• License: None
• Initial Deposit: $5,000

From Sign-Up to Payout

At first glance, the official website of Vivatox might seem like it belongs to a reputable, regulated broker. But as we’ve mentioned, telltale signs of a scam can be found almost everywhere. Here are some of the most notable red flags:

• A polished facade. The web designers focused their efforts solely on the homepage, making it look appealing with well-chosen templates, stylish design elements, and a balanced use of animations and images. However, the rest of the site is filled with dull, uninspiring text that makes for tedious reading.
• Empty information pages. Sections like Education provide only basic and incomplete information about the markets. They’re incapable of teaching anything meaningful but serve to give the site an air of credibility. The same can be said for the Trading and Products sections, which are equally superficial. The account types page is the most useful, yet still provides little value.
• Lack of critical details. Vivatox doesn’t disclose key information like trading conditions, payment methods, deposit instructions, financial reports, or company history.
• Restricted registration. Users cannot register independently. The registration form requires a promo code, which is only provided by support. The code is given selectively — to users invited by the company’s managers or to those who demonstrate a lack of trading knowledge and a willingness to deposit funds.
• Questionable contact details. No office address is listed, and the provided phone numbers have inappropriate country codes. While Vivatox has created a couple of social media channels and groups, their minimal follower counts reveal their lack of influence — Twitter, for example, has just two followers.

Our Trading Experience With Vivatox

Vivatox uses a trading platform developed by Easy Technologies, a choice often seen among fraudulent brokers. Unsurprisingly, the Vivatox website heavily praises this terminal, listing numerous supposed benefits for both its desktop and web versions.

We’re familiar with this software, as it’s been used by dozens of scam platforms. It does offer a few positives, such as support for multiple price chart windows and quick order execution. However, the latter is more indicative of simulated trading, where trades are executed without actual market activity.

The drawbacks far outweigh the benefits:

• Limited interface customization. Traders cannot adjust workspace layouts, and resizing options are minimal.
• Inefficient market overview. The list of trading instruments cannot be customized, and the quick search function is ineffective. A “favorites” list can help but must be updated after every session.
• Settings are not saved. Neither the web nor mobile versions allow for saved configurations.
• Insufficient analytical tools. Only five graphical tools are available, significantly limiting technical analysis capabilities.
• No built-in programming language. Even the desktop version lacks this feature, making it impossible to add indicators or develop trading robots.

Vivatox also follows a typical scammer approach to publishing trading conditions. Account types list only minimum deposits and maximum leverage (ranging from 1:100 to 1:500). Spread details are vague, and there’s no information on available trading instruments or swap fees. Clients must discover these details during real trading, as no demo account is provided — another tactic to force users into losing money.

The Reality Check

We are confident that Vivatox is a scam, and we have plenty of evidence to support this claim. The most compelling proof comes from analyzing the company’s official details.

The website’s Terms & Conditions and footer state that the platform is owned by DialogueAD LLC, registered in Saint Vincent and the Grenadines (even providing a registration number). Verifying this information is straightforward, and it raises significant concerns.

Indeed, there is a company by this name listed in the registry of the local financial regulator, SVGFSA, which oversees similar financial services. The firm was registered on March 7, 2024.

However, the registration does not imply that the broker operates within the bounds of the law:

• SVGFSA, as all traders know, only registers companies offering brokerage services. It does not issue licenses or regulate their operations.
• Doubts exist about whether Vivatox truly belongs to DialogAD. No evidence of this can be found in the regulator’s registry, as there are no trade names or official websites associated with the firm. The platform’s creators could have simply found the record online and used the company’s name for their benefit.
• SVGFSA’s policy changed in March 2022. For broker registration, companies must now provide documents proving they hold licenses in the jurisdictions where they operate. Vivatox’s website does not mention any approvals from other regulators, suggesting that DialogAD LLC is not a licensed Forex broker.
• The platform lists a phone number with a UK code, suggesting a focus on European clients. However, to operate legally in this region, licenses from local regulators (e.g., the UK’s FCA, Cyprus’ CySEC, or other EU authorities) are mandatory. There is no mention of such licenses, nor compliance with MiFID II directives.

How Long Has Vivatox Been in the Game?

Information about the broker’s duration of operation revealed some interesting facts. While the company itself does not disclose such data, we can retrieve it from the Whois service.

The domain vivatox.io was registered on August 7, 2024, meaning the platform has been operating online for just over three months. This timeframe may be even shorter, as the last significant change to the domain’s records occurred on September 19, 2024.

However, this is not the most critical detail. Remember, the broker’s parent company was registered with the local regulator in March 2024. Could it really take 5-6 months to develop a templated website with basic design and generic texts? We doubt it. This gives us reason to distrust claims about Vivatox’s ownership by DialogAD. Furthermore, the domain registrant’s details are hidden.

Extra Fraud Indicators

A review of Vivatox reviews online adds to the evidence against the broker. Despite its brief operation, several reviews have already surfaced.

For instance, the portal Trustpilot features comments from 28 users, with an average rating of 4.3 out of 5. Most reviews praise the company without providing any substance: “No issues so far,” “This is all you need,” or “I’m satisfied.”

Does this seem like meaningful feedback? Certainly not. Such comments are typical of paid, non-genuine reviews written by copywriters with little knowledge of brokerage services. For us, these reviews confirm the use of fraudulent marketing tactics by Vivatox.

Is Vivatox the Right Fit?

This Vivatox review highlights numerous red flags indicating a scam:

• Suspicious company registration.
• Operating without a license.
• Use of fake positive reviews to build a reputation.
• Preventing potential clients from opening accounts independently, among other tactics.

If you encounter such practices, avoid the company’s services. Otherwise, you risk losing all invested funds.

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