Cheated by a financial organization, does not withdraw money? Do you want to check the financial company?
An honest description of Veles Capital - reviews of traders who opened their “Personal Account”, trading results
Veles Capital started in 1994. Therefore, he calls himself one of the oldest brokers in the Russian Federation. I got my hunting license in 2003.
This is a legal company. But it is not of particular interest to traders. Especially for beginners. You need to have a very good understanding of the topic of trading in order to understand what awaits you after you open your “Personal Account”.
Swindlers are damaging our hero’s reputation non-stop. They pretend to be the staff of this office and push investments into rotten scams. Attention: all victims of scammers at one time registered on the broker’s website. It is important to understand: it has a serious data security hole. Or someone from the staff is leaking information to the scammers.
Instead of a specific list of financial assets, the exchanges where Veles Capital promises access are indicated. This is very bad. There is no way to check out the full list of available tools.
For example, it is unclear whether the derivatives market is available, whether they are allowed there or not. If it is closed, our hero is definitely unsuitable for trading with leverage.
But Veles Capital is very actively promoting its candidacy as someone who will help receive passive profit from trust management to mutual funds. Reviews make it clear: there will be no profit. Local managers are missing stars from the sky. Not surprising with such staff turnover.
The only conditions for trading are a mountain of commissions. The over-the-counter market is already very expensive for speculation. At Veles Capital, even transactions with ordinary exchange-traded financial assets are 2-3 times more expensive than other intermediaries.
Our hero’s website says that he is interested in traders with large capital. That is, those who can make a turnover of several billion rubles a month.
There is little information about replenishing your account and withdrawing money. Bank transfers and transactions through the fast transfer system are supported. Please note: in the latter case, if the transfer limit is exceeded, additional fees will be charged. Assets (cash and securities) can be transferred from another broker’s account.
|Year of foundation
|Regulation and jurisdiction
RF (Central Bank)
Country: Russian Federation
- License of the Central Bank of the Russian Federation
- Inflated commissions
- Unqualified personnel
- Investment income below minimum promises
“Universal +”, “It’s simple”, “Expert”, “Active”, “Exchange Advisor”, “Exchange Advisor: support”, “Exchange Advisor: growth”
Bank transfer, SBP
Stocks, bonds, futures, options, metals, currencies
The old broker takes huge commissions for any actions
MICEX, St. Petersburg
The old broker takes huge commissions for any actions
Reviews about Veles Capital. What kind of scam is this?
Over 29 years on the market, Veles Capital has received surprisingly few reviews. Some look like an outright scam. And not very high quality. A real person wouldn’t write like that.
Honest reviews are mixed. Lots of neutrals. Nothing good there, but no hard complaints either.
There are some who are dissatisfied with the service. For example, on the website plusiminus.com, a former client says: in 2 months, his investment portfolio lost 18% because of the manager.
As subsequent proceedings showed, the Veles Capital company has a very rotten strategy. The bit closes transactions only at the end of the day. That is, the asset can depreciate all day long. The manager will not react to this. In the evening it will simply record a loss.
Another trader is dissatisfied with the staff of Veles Capital. In addition, this company is associated with garbage dumps. There are a lot of them. You can’t trust such a trickster.
Another trader complains about very poor service. People are treated with disdain and considered a burden. The man is sure: this is why Veles Capital is not popular.
On investotzyvy.com they say: our hero’s employees, with whom traders consult about specific investments in his own products, do not have any information at all.
They can’t disclose their income. Sharashka tries to actively promote her products, but is unable to provide arguments in favor of them.
Veles Capital promised one person 15% of income. Practice has shown that in reality it is much lower. Perhaps this is why the sharashka suppresses information.
On vsyapravda.net they talk about the annoying managers of Veles Capital. Stunt performers:
do not understand the word “no”;
They try to impose their services non-stop.
Calls come in regularly. It is important to understand: this is how scammers can act, to whom our hero’s employees leaked data.
Judging by the reviews, the scammers who call people ask for deposits from ₽ 50,000. They promise fat income and minimal risk. At the same time, it is not entirely clear whether the calls are coming from left-wing swindlers or whether this is a sharashkin’s office looking for new patients.
It is important to understand: honest brokers do not use cold calls. It’s ineffective. There is advertising on the Internet that works.
Is the Veles Capital website on your list of black brokers? The reason is difficulties with withdrawing money? You need to withdraw capital – complain to Rating Forex. We provide free legal assistance. We will make sure that the scammer turns his pockets out.
Terms of cooperation. How to make money with Veles Capital?
The Veles Capital company offers investments in the following markets:
- precious metals,
Mention is made of IIS and the ability to trade blue chips.
There is no complete list of tools. The Veles Capital website sends you to the MICEX and St. Petersburg exchanges to get acquainted with the assortment.
It is not clear whether traders who have opened their “Personal Account” have full access to the derivatives market and whether they can margin (trade with leverage). Rating Forex warns: the information on the Veles Capital website is incomplete. It does not provide an opportunity to evaluate all prospects for making money.
Veles Capital offers several tariff plans:
“Universal +”. Exchange transactions with a commission of up to 0.05% for shares, up to 0.034% in the precious metals and currency markets.
“It’s simple.” The fee for exchange transactions with shares, metals, currencies is 0.35%, regardless of turnover.
“Stock Advisor”. Commission for exchange transactions is up to 0.45%. Only for legal entities. Fees include consultation.
“Stock Advisor: support.” Commission for exchange transactions is up to 0.45%. Plus, every month 1% of the value of the assets is written off for maintenance.
“Stock Advisor: Growth.” Commission for exchange transactions is up to 0.45%. 15% of the profit for the services of an individual investment advisor is written off quarterly.
“Expert”. Commission for transactions with exchange assets – up to 0.45%. The fee includes a consultation fee.
“Active”. Available with a turnover of at least ₽ 100 million per month. Monthly fee – ₽ 1 million. The cost of exchange transactions is not indicated, but over-the-counter transactions are much cheaper.
The story of extortions does not end with greatly inflated commissions. Connecting a trading terminal also costs money:
QUIK Android X and iQUIK X will cost RUB 3,000 per connection, RUB 300 per month for use.
webQUIK. One-time payment – ₽ 1500. ₽ 200 – monthly fee.
This is despite the fact that all versions of user terminals are available for free. Veles Capital brazenly takes beans for connection against the backdrop of inflated commissions.
Rating Forex reminds you: most leading brokers include the costs of using QUIK in the commission. They are much lower than those of Veles Capital.
Registration and regulation
Veles Capital was registered in the Russian Federation in 1994. Since then the company has been operating legally. In 2003, she acquired a brokerage license. Later – dealer, depository, trust management.
The received documents allow our hero to provide services:
Broker. Bring transactions to the exchange and execute.
Dealer. Offer internal products like mutual funds, which the sharashka actively promotes, although they do not generate much income.
Depository. Placement of client assets in specialized depositories.
Trustee. Here the sharashka goes all out. Offers everything from advice to managed accounts. Judging by the reviews, clients earn very little. But with the help of commissions, he tightly fills his bottomless pockets with the bit.
It is important to understand: having a broker’s licenses is not a guarantee of honest service. Within the limits of the law, the dump can set any fees it wants. Nothing will happen to her for this. She actively uses this. But these are not all the problems that await after registration.
How Veles Capital scams money
Veles Capital is a broker with more than 29 years of experience. He has a different approach to clients. It all depends on how much money the patient has.
If a trader or investor has ten or more millions, he will be licked from all sides:
a few experienced managers and consultants will try to help wash;
commissions will be quite low compared to what ordinary investors expect.
Small clients receive the most dismissive service possible. They are operated by unmotivated, unqualified personnel. People are hired en masse and fired like a torpedo. They have low salaries, inflated demands, but only in the direction of scamming small clients for money, and not quality service.
On top of this, investors are being forced to make unfavorable investment proposals. Moreover, they are so bad that even if they worked normally, people would still receive a pittance income.
In reality, everything is much worse. No one receives the promised 15% profit. Rating Forex warns: profits barely cover inflation and commission fees.
The official website of Veles Capital calls itself one of the oldest investment companies in the Russian Federation. This doesn’t make it any easier. The fees are too high. The attitude towards customers couldn’t be more disrespectful.
The Veles Capital company loves to give out advice for money. Attention: forecasts usually do not come true. People either earn nothing at all or lose money.
At the same time, the scam broker is in no hurry to take responsibility. Everything goes to the market. Once or twice this may indeed be taken as an excuse. But the nature of the jambs with forecasts has become regular. The staff’s qualifications are below par.
Veles Capital’s “Personal Account” is suitable only for experienced, self-sufficient traders. And with a big stretch. Local commissions eat up the lion’s share of the profit.
You cannot listen to the advice of employees of a so-called broker. Attention: they are hired in batches and quickly fired. Reviews make it clear: the turnover is simply crazy, the management is incompetent. Nepotism and brother-in-law are everywhere. In such conditions, you can’t even count on quality service.
Veles Capital can flaunt its age as much as it wants. There are only enough 30-year-old brokers in the Russian Federation.
Most of them are stuck in the past: they don’t move forward, they charge exorbitant commissions from their clients.
The hero of our review is exactly the same. He still lives by the rules of 30 years ago. He doesn’t have:
- customer loyalty,
- quality service.
If you don’t have a hundred million in your pocket, you’re nobody.
Constant staff turnover also plays a role. Some who open a “Personal Account” with Veles Capital are lucky. They come across more or less normal managers and consultants. But they quit very quickly. They leave for higher salaries.
Veles Capital saves on everything. It even charges the monthly fee for the trading terminal. And too big.
10 clients who paid ₽200 are enough to pay for a QUIK server with basic settings. To cover all expenses, 100 users would be enough. Veles Capital has thousands of patients. That is, the stuntman puts a significant part of the funds into his pocket just like that.
Rating Forex does not recommend Veles Capital to traders with small and medium deposits. Here you can simply go broke on commissions alone.
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The company’s rating and reputation largely depend on whether its clients are satisfied. The reviews about Veles Capital are not the most flattering, and therefore you should take a close look at them before deciding to cooperate with this platform.
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