Broker Review

Company Overview

Viciation is a financial technology services provider offering Forex and Contracts for Differences (CFD) trading. Established in 2019, the company claims to serve clients globally, providing access to a range of financial instruments including forex, commodities, metals, indices, bonds, and digital currencies. The platform offers trading through MetaTrader 5 (MT5) across desktop, web, and mobile interfaces.

Regulatory Status and Oversight

Viciation asserts that it is regulated by the Anjouan Offshore Finance Authority (AOFA) in the Comoros. However, the AOFA is an offshore regulator with limited international recognition and oversight, raising concerns about the robustness of its regulatory standards. Additionally, Viciation claims to be regulated by the UK’s Financial Conduct Authority (FCA), but no such entity appears in the official FCA register, casting doubt on the validity of this claim. The company also holds a Money Services Business (MSB) license from the U.S. Financial Crimes Enforcement Network (FinCEN), which does not authorize or regulate forex trading activities.

Company Background and Transparency

Viciation LLC is registered in the Union of the Comoros with registration number 18889 and claims to have its headquarters in Johannesburg, South Africa. However, the company’s website contains inconsistencies, such as conflicting establishment dates and a lack of detailed information about its operations and ownership. Additionally, certain pages and functionalities on its website do not open correctly, making it difficult for users to obtain essential trading information.

Trading Features and Platforms

Viciation offers trading through the MetaTrader 5 (MT5) platform, which supports over 30 forex currency pairs and CFDs on commodities such as gold, silver, and oil. The platform provides features such as Expert Advisors (EAs), one-click trading, and a built-in economic calendar. However, the company does not disclose key details about account types, spreads, leverage, minimum deposit requirements, or trading commissions, which are essential for evaluating its offerings.

Conclusion

Viciation presents itself as a global Forex and CFD trading platform; however, the lack of verifiable regulatory oversight, limited transparency, and inconsistent user feedback raise significant concerns about its legitimacy and reliability. Prospective traders should exercise caution and consider alternative, well-regulated platforms with a proven track record.