Operating status: SCAM
On 24 November 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Vip Crypto was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/vip-crypto-cryptonix-team
VIP Crypto claims to be a reliable company, yet it fails to provide any information about its regulation or contact details. The absence of such crucial information could be a clear indication of an unlicensed platform, as regulated companies always display their accreditations and licenses prominently. This is a red flag.
According to UK law, almost all firms and individuals must be authorized by the Financial Conduct Authority (FCA) to conduct or promote financial services in the UK. However, VIP Crypto has not adhered to these rules, resulting in a warning from the FCA. This negative situation significantly highlights the risks involved. It is unsafe to engage with a firm that demonstrates poor regulatory compliance.