Honest Review of Vebson

Users find it difficult to refuse working with a broker that provides, in addition to classic trading, copy trading, PAMM accounts, and even the opportunity to try prop trading. In our Vebson review, we are looking at just such a universal platform today. However, upon closer examination, it turns out that this is a trivial scam, and its clients will never be able to get their money back. Need details? You’ll find them below.

Key Features

• Company Name: Vebson Ltd
• Website: https://www.vebson.com/
• Available Contacts: [email protected], [email protected], [email protected]; Phone +254208788028
• Foundation: 2023
• Services: Forex/CFD trading, PAMM, Prop trading
• License: No
• Initial Deposit: $10

From Sign-Up to Payout

At first glance, Vebson’s official website leaves a mixed impression. It is designed quite attractively, but during navigation, it feels like a promotional presentation rather than a broker’s platform.

Yes, it looks decent, yes, the offers seem interesting, but there is almost no useful information. Instead, you mostly see buttons leading to the registration/login form and aggressive slogans like: “VEBSON – Everyone’s Preferred CFD Broker”, “Pick an Ideal Strategy from Signal Providers” или “Enjoy 80% Profits”.

At the same time, the website lacks:

• Detailed company information. No clear registration details, founding date, history, or financial reports. Nothing that makes a broker legitimate in the eyes of traders.
• Detailed trading conditions and contract specifications
• News, analytics, and useful tools, such as an economic calendar

What’s more:

• The much-advertised copy trading service does not work.
• PAMM accounts have no clear descriptions of the trading strategies used.
• There are almost no legal documents — the broker relies solely on Terms & Conditions, which do not cover important aspects.

On the website, representatives of the platform claim that all transactions are highly secure, and that traders can choose the most convenient payment method.

In short, we haven’t seen such a poorly executed brokerage platform in a long time. Looking at it, it’s hard to believe that Vebson operates legally or is under the supervision of any regulator.

Our Trading Experience With Vebson

It seems that the firm does have an official registration, after all. The broker offers one of the best trading terminals in the industry — MetaTrader 5, which unregistered companies usually cannot obtain.

At the same time, users are offered a full set of trading software:

• Desktop version (Windows, macOS).
• Mobile version (Android, iOS).
• Web version.

There is no point in discussing the pros, cons, and features of this trading program, as this information is easily accessible both on the developer’s official website and on thousands of trading portals.

The coverage of the project’s trading service conditions is also lacking. When it comes to CFD trading, clients can see only a tiny fraction of this crucial information in the account type list.

There are only three account types:

• Cent — a cent account with a minimum deposit of $10, zero commissions, and spreads starting from 1.0 pips.
• Standard — an account with a minimum deposit of $10, zero commissions, and spreads starting from 1.0 pips.
• ECN — an account with a minimum deposit of $50, zero spreads, and a commission of $1.5 per standard lot per side ($3 total).

However, in the user dashboard, you can find the company’s bonus offers. At the moment, users can receive a 10% bonus on any deposit amount. At the same time, the broker seems to have “forgotten” that most regulators prohibit this method of attracting and rewarding clients.

The terms of PAMM accounts are somewhat clearer. At least here, users can see the minimum investment amount, the frequency of the profit distribution, and the percentage split. The only thing neither the broker nor the managers disclose is the description of the trading strategies used. Some may see this as a minor drawback, but investing money “into a chart” of unknown origin is not the best idea. The broker does not confirm profitability and drawdowns with statements or real-time monitoring (such as on MyFxBook).

In the end, we are left with a rather unappealing picture. Vebson clients do not know the trading conditions, cannot copy trades, and have no knowledge of the PAMM managers’ strategies. Would you invest money with such “comprehensive” information? We also recommend avoiding this reckless move.

The Reality Check

The broker has published so many official details about itself that it is difficult to navigate them all. First, let’s highlight what we found impressive about Vebson:

• Registration details in Saint Lucia, including the company address and registration number.
• The firm’s headquarters address in Singapore.
• An address in Kenya.
• Company registration details in the United Kingdom.
• License information under No. 0563836, issued by the NFA (National Futures Association), along with copies of certificates.

At first glance, this makes it seem like we are dealing with a solid, well-regulated broker with all the necessary documents. Let’s try to make sense of this maze.

The registration details of Vebson Ltd (the company providing brokerage services) in Saint Lucia have been confirmed. It even operates under the status of an International Business Company (IBC).

The database of the Companies House registration office also contains records of the registration of Vebson Ltd.

However, we doubt that the company, registered in November 2024, has any connection to the broker. The reasons for this are its consulting and other IT-related activities (SIC 62020 and 62092) and its authorized capital of only £1,000. The first has nothing to do with brokerage, and the second is simply not enough to organize trading operations. The company has not been registered in Singapore or Kenya.

Now, regarding the licenses:

1. The broker has not obtained any permits in its place of registration, Saint Lucia. The local regulator does not issue licenses to brokers; instead, it has delegated these powers to the Eastern Caribbean Central Bank (ECCB). This regulator imposes rather strict requirements, which Vebson either could not or did not want to meet, and therefore, it has no license.
2. The British FCA, as well as the regulators in Singapore and Kenya, have also not issued licenses to this company.
3. A search by NFA ID yielded no results. This means the firm is not registered and has never been registered with the CFTC (Commodity Futures Trading Commission, under which the NFA operates). The broker is providing fake information.

What about the certificates? The broker has two of them:

• The first, MSB Registration Status Information, is a confirmation from the Financial Crimes Enforcement Network (FinCEN) that the company is registered as a Money Service Business. However, the document explicitly states that it “is not a recommendation, certification of legitimacy, or endorsement of the business by any government agency.”
• The second, which is supposed to confirm the NFA ID and Vebson Ltd’s activity as a commodity trading advisor, is nothing more than a poorly designed image created by the broker’s employees, bearing no resemblance to a real certificate.

Thus, the only legitimate fact we can confirm is the company’s registration in Saint Lucia. And just as confidently, we can state that the broker does not hold a single license — neither from reputable regulators nor even from offshore ones.

All we can do is acknowledge the fact: all this excessive information is nothing more than an attempt to create the illusion of a legally regulated company. It failed the verification process, so we are confident that Vebson is a scam project.

How Long Has Vebson Been in the Game?

The broker’s operating history is also important for traders. However, as usual, the company decided not to publish this information either. We had to rely on third-party sources, determining the platform’s launch date using WHOIS data.

According to WHOIS, the domain vebson.com was registered in September 2023. This aligns with the company’s registration date in Saint Lucia. However, Web Archive shows that the first snapshots of the broker’s website were taken only in March 2024. Most likely, this is when the platform actually started operating online.

Extra Fraud Indicators

The broker has been online long enough, so we weren’t surprised to find 60+ Vebson reviews on Trustpilot. Nor was it unexpected to see a significant majority of positive comments. We know that scammers frequently use paid reviews to boost the reputation of their projects. This is exactly what we see happening here — the authors praise the company but avoid mentioning any concrete details.

However, things did not go exactly as the fraudsters had planned. The authors of 34% of the posts claim that Vebson is a scam broker. Moreover, analyzing their content reveals that traders are being deceived regardless of which service they use. The biggest issue is the broker’s refusal to return clients’ money, especially when it comes to large sums.

The platform has also received considerable criticism from experts writing for industry-related websites. The lack of licenses and attempts to mislead users by presenting fake regulatory documents are already strong grounds to consider this project a scam.

Is Vebson the Right Fit?

We believe that the materials gathered in the Vebson review allow for the most objective assessment of the broker’s activities. Most facts indicate that we are dealing with a scam platform. The company that owns it is registered offshore, does not have a brokerage license, and tries to mislead traders by claiming to operate within the legal framework. Other signs of an unscrupulous company are also evident: hidden trading conditions, the absence of payment details, transactions exclusively in cryptocurrencies, and fake reviews. Some clients report that the project’s management fails to fulfill its obligations, and experts from industry-related portals share the same opinion. Therefore, we strongly advise against working with this company.

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