Why this matters
Multiple users report depositing funds with VEO Markets and then being unable to withdraw them. Public broker-review platforms have flagged the operation as a scam, and it appears to operate without any recognized financial regulator. This page collects the publicly available evidence in one place so that potential investors can make an informed decision.
The reported pattern
Based on public sources and submitted complaints, the operation reportedly follows a recognizable funnel. The points below are presented as allegations and reported indicators, not as adjudicated findings.
No regulatory license
VEO Markets is reportedly registered only as an offshore International Business Company (IBC) in Saint Lucia, which is a commercial registration and not authorization to provide investment services. Review platform WikiFX rates it 1.1/10 and found no forex trading license.
Recruitment via private groups
Prospects are reportedly recruited through Telegram / WhatsApp groups presented as a free "trading academy," then encouraged to open accounts and deposit funds.
Blocked withdrawals
Users report that withdrawals are blocked and that profits are removed from accounts, in one documented case under a "GAP Trading" rationale.
Unrealistic offers
Public-facing marketing advertises "unlimited leverage" and "spreads from 0.0 pips" — claims that are inconsistent with how regulated brokers operate.
Disguised deposits
Deposits reportedly appear on bank statements under unrelated merchant names and categories, making the payments harder to trace and dispute.
Connected network
The operation is reportedly linked, by overlapping personnel and marketing, to the DayHub project and the earlier Scalway scheme.
How the scam works
Based on the investigation documents, the operation reportedly follows a recognizable funnel. The steps below are described as reported indicators, not as established findings.
Social-media promotion
The operation is reportedly promoted on TikTok / Instagram-style social media under an educational “Traders Academy” brand to attract beginners.
Private Zoom & Telegram calls
Interested people are moved into live calls, Zoom sessions and private Telegram chats, where deposits and funding methods are discussed directly.
Deposit & funding
Users are guided to fund accounts — reportedly via card payments routed through an Indonesian processor, Revolut transfers, or USDT crypto — and onboarded into VEO Markets.
Trading on a rigged platform
Trading happens on an MT5-style platform where users report “fake candles,” abnormal slippage and irregular execution that work against their positions.
Withdrawals blocked
When users try to withdraw profits, the funds are reportedly removed or reversed under disputed explanations such as “GAP Trading.”
Beware of “recovery” fees
Reports also describe a follow-up scam: victims are contacted with promises to recover their lost money and asked to pay a “withdrawal fee” or “tax unlocking fee” first. These payments are part of the fraud — legitimate recovery never requires an up-front fee. Never pay to “release” your funds.
The evidence
Original screenshots and public records. Personal data of affected individuals has been redacted. Click any image to enlarge.
Public broker review
Flagged as “SCAM” by BrokersView
On April 27, 2026, broker-review platform BrokersView listed VEO Markets with an operating status of “SCAM,” noting that it does not claim to be licensed by any regulator and only holds an offshore IBC registration in Saint Lucia — which the registry itself states does not constitute a financial license.
Source: BrokersView / FastBull
Account screenshot
Inside a VEO Markets account
A user dashboard on my.veomarkets.com showing a wallet reduced to 5 USD and a trading account in negative balance — consistent with reports of deposited funds becoming inaccessible. The account holder's name has been redacted.
Source: my.veomarkets.com
Bank record
A deposit billed under an unrelated name
A bank record shows a charge of $17,403.19 processed under the merchant name “FORTUNE DIGITAL” and the category “Electronics” — not a recognizable brokerage. Billing deposits under unrelated merchant names is a common pattern used to obscure where money is going. Card details have been redacted.
Source: Bank transaction record
Bank record
Card payment receipt
The debit-card receipt for the same $17,403.19 charge to “FORTUNE DIGITAL.” The cardholder name, card number and transaction ID have been redacted to protect the affected person's privacy.
Source: Bank transaction receipt
Filed complaint
Reported to Poland’s KNF
A formal reporting letter submitted to the Polish Financial Supervision Authority (KNF) describing an alleged wider victim pattern involving VEO Markets / DayHub and connected promotional channels.
Source: knf.gov.pl
Filed complaint
Reported to the FSC Mauritius
A formal complaint and evidence package submitted to the whistleblowing desk of the Financial Services Commission of Mauritius for regulatory review.
Source: fscmauritius.org
Filed notice
Reported to MetaQuotes
A formal notice submitted to MetaQuotes — the provider of the MT5 trading platform — requesting a compliance review and preservation of any relevant records.
Source: metaquotes.net
Filed notice
Reported to B2Broker compliance
A formal compliance notice and evidence-preservation request submitted to B2Broker in case any relevant records are held by that organization.
Source: b2broker.com
What users are saying
Public reviews and complaints left by users on independent review platforms such as Trustpilot and BrokersView (some translated from Spanish). Each one reflects the personal opinion and experience of its author.
“VEOMARKETS IS A SCAM. They rob you openly. They create their own fantasy market to loot your account. They have the audacity to draw fake candles on XAUUSD (M1), creating movements…”
“They create their own fantasy market to rob you. It's magical how in XAUUSD (M1) wild movements and wicks appear out of nowhere, surgically designed to hit your stop-loss, just before the price goes in the direction you had analyzed. The evidence and screenshots compared with real institutional charts don't lie. A disguised scam of a broker.”
“They pulled me in through some group, talking about big money. I made some profit, but when I tried to withdraw, suddenly silence, stalling, and even lines like I knew what I was getting into. What a joke. Still no money. Total scam!!!!”
Full reports
The complete investigation and reporting documents are available below as PDFs. They contain the detailed analysis behind the summary on this page.
A connected network
Public materials describe VEO Markets as one node in a broader reported ecosystem. The relationships below are stated as reported and require independent verification.
VEO Markets
Reported scamBrokerage / funnel endpoint
CFD broker registered as an offshore IBC in Saint Lucia, operating without a recognized financial license. This is the platform where users report depositing funds and being unable to withdraw.
DayHub
Under reviewProject / platform node
A blockchain-based funded-trading project reportedly connected to VEO Markets through overlapping leadership and promotion. Treated here as a relationship node requiring verification.
Scalway
Historical contextEducation / onboarding pathway
Reportedly linked to an earlier collapsed trading operation and described as part of the education / onboarding funnel that directs prospects toward brokerage activity.
View more evidence
Two detailed dossiers document how VEO Markets connects to the wider network — the people, the entities, and the funnel through which the scheme reportedly operates. Each opens in a new tab.
Individuals of interest
Names reported in connection with the network. Each entry is presented as a reported association that requires independent verification — not as an established finding. Names marked “contextual” appear only in supplied photographic material and should not be read as proof of any operational role.
Dominik Pasler
Requires verificationReported DayHub / VeoMarkets link
Reported as a DayHub co-founder or CEO-linked figure and described by clients as connected to VeoMarkets leadership or onboarding. Role requires independent confirmation.
Marcin Makarowski
Requires verificationReported operational bridge
Reported as linked to DayHub and connected to VeoMarkets leadership or onboarding. The similar spelling “Marcin Makowski” should be treated as a possible variant requiring confirmation.
Adrian Łojek
Requires verificationReported DayHub / Scalway link
Reported as linked to DayHub and Scalway, and relevant to the alleged pathway between the project environment and education/onboarding activity. Requires independent confirmation.
Marcin Olinkiewicz
Requires verificationReported promoter · @fx_olin
Reported as a promoter directing attention toward VeoMarkets and connected to private-channel or education-style solicitation associated with Scalway. Requires independent confirmation.
Tonjaka Hinkson
ContextualContextual association only
Named in supplied narrative material as appearing in VeoMarkets-related photographs. Inclusion reflects contextual association only and is not evidence of any role.
Sebastian Kałka
ContextualContextual association only
Named in supplied narrative material as appearing in VeoMarkets-related photographs. Inclusion reflects contextual association only and is not evidence of any role.
Timeline
Key dates from public sources and submitted complaints. Dates should be treated as evidence markers unless independently verified.
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18 Nov 2025
Domain registered
WHOIS analysis reported by Rankia Poland confirms the veomarkets.com domain was registered on 18 November 2025.
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Nov 2025
VEO Markets appears
VEO Markets begins operating and quickly draws concern over licensing, recruitment tactics, and withdrawal complaints.
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27 Apr 2026
Flagged as a scam
BrokersView publishes an assessment marking VEO Markets’ operating status as “SCAM,” citing the lack of a valid financial license.
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27 May 2026
Press coverage
Rankia Poland publishes an article describing VEO Markets as a “broker without a license,” covering recruitment via messaging groups and withdrawal complaints.
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Jun 2026
Formal reports filed
Formal complaints and evidence packages are submitted to regulators (KNF, FSC Mauritius) and platform providers (MetaQuotes, B2Broker).
Sources & references
This notice is based on the following publicly available sources. Links open in a new tab.