# Legit or scam

**URL:** <https://community.brokerchooser.com/t/legit-or-scam/1595>\
**Category:** Scam Broker Check 🛡️\
**Created:** [September 23, 2024, 12:04pm UTC](https://community.brokerchooser.com/t/legit-or-scam/1595 "2024-09-23T12:04:19Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![FiniteLaurel1199](https://avatars.discourse-cdn.com/v4/letter/f/df705f/32.png) [@FiniteLaurel1199](https://community.brokerchooser.com/u/FiniteLaurel1199)\
**Post date:** [September 23, 2024, 12:04pm UTC](https://community.brokerchooser.com/t/legit-or-scam/1595/1 "2024-09-23T12:04:19Z")

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Hi. Can you please check Vatna Investment Ptd Ltd Registration No. / Unique Entity Number: 201938805M

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**Author:** ![Andris](https://sea1.discourse-cdn.com/flex019/user_avatar/community.brokerchooser.com/andris/32/175_2.png) [@Andris](https://community.brokerchooser.com/u/Andris)\
**Post date:** [September 23, 2024, 3:16pm UTC](https://community.brokerchooser.com/t/legit-or-scam/1595/2 "2024-09-23T15:16:25Z")

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Hi,

Thanks for reaching out! I’ve looked into this provider and it seems like a scam.

The reasons are the following:

- First of all, no regulatory information can be found of the company. Reliable brokers usually have the name of their regulator and license / regulation number shown in their website’s footer.
- Secondly, the Privacy Policy, Terms of Use and AML policy on Vatna Investment Ptd Ltd’s website only consist of a few bullet points which is way too short. Such legal documents usually contain policies lasting several pages. This raises some serious red flags.
- Thirdly, their minimum balance requirements are ridiculously high especially given that they lack reputation.
- Lastly, their Contact Us page is completely empty which is rather unusual for legitimate entities.

 ![Screenshot 2024-09-23 at 17.18.32](https://us1.discourse-cdn.com/flex019/uploads/brokerchooser/original/1X/6b74e9b11075d8f07241e235c2aea690e3736643.jpeg)

So please avoid using Vatna Investment Ptd Ltd and do not send them any money.

If you’re looking for reliable and regulated brokers, you can find them here: [https://brokerchooser.com/broker-reviews](https://brokerchooser.com/broker-reviews).

Please let me know, if you have any questions.

Kind regards,  
Andris