CertaInvest Review – Debunked Fraud That Should Be Avoided
Forex trading is booming, attracting traders from all over the world. However, fake brokers lure people and capitalize on the growing interest. With our CertaInvest review, we want to help you avoid this fraudster. In summary, the CertaInvest broker is a textbook case of an investment scam. Its services are based on misinformation and deception.
Moreover, two financial authorities have issued a warning against CertaInvest. Overall, we recommend staying away from this trickster at all costs.
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed Scam Brokerage|
|Blacklisted as a Scam by:||FCA, ASF|
|Owned by:||Raconteur Consulting|
|Supported Platforms:||Web trader|
|Minimum Deposit:||200 EUR|
|Types of Assets:||Forex pairs, indices, shares, commodities|
|Free Demo Account:||No|
|Accepts US clients:||Yes|
CertaInvest Unlicensed And Risky Brokerage?
Simply put, yes; CertaInvest carries out a considerable risk to traders, inasmuch as it is an unlicensed brokerage firm. To elaborate further, this phony broker doesn’t act in accordance with the rules. This implies that it can’t be accountable for its actions. Thus, it leads to the conclusion that your funds are unprotected with CertaInvest.
On top of this, CertaInvest is owned and operated by Raconteur Consulting LLC, headquartered in Saint Vincent and the Grenadines. This wouldn’t be a problem if we talked about a licensed broker. However, when an unregulated brokerage company is based in SVG, it raises a red flag. That is simply because this jurisdiction is an offshore heaven for broker scams due to lacking legislation.
CertaInvest is an unauthorized broker and trading name of Raconteur Consulting, registered in Saint Vincent and the Grenadines. Both companies are labeled scams by two financial market regulators. Besides that, traders can expect poor trading conditions and inferior software at CertaInvest.
Some Reasons Why It Is Better To Trade With a Licensed Broker
Not unexpectedly, trading with authorized brokers is very much suggested. In doing so, you can enjoy many benefits. Before all else, the safety of your investment is guaranteed. This is achieved through mechanisms such as negative balance protection and segregated funds. The former means that your account can’t have a negative balance.
As for the latter, a broker holds your money separately from its capital. In this way, you are protected from a broker’s bankruptcy.
Also, in the event of a broker’s insolvency, traders are insured by a compensation plan. In that respect, brokers licensed under top-level supervisory bodies (FCA, ASIC, BaFin) are immensely trustworthy. For instance, ASIC remunerates up to 100,000 AUD per trader.
Warnings From Financial Regulators As a Red Flag About Scam
Aside from being an illegal broker, CertaInvest has come under the scrutiny of two financial market regulators.
- FCA (Financial Conduct Authority) is among the most prestigious agencies in the industry. It closely cooperates with HM Treasury and controls the financial markets in the United Kingdom. The FCA has blacklisted CertaInvest (certainvest.io) for providing services in the UK without mandatory accreditation.
- ASF (Autoritatea de Supraveghere Financiara) is another authority that warns against the CertaInvest holding company, Raconteur Consulting. ASF monitors securities markets in Romania.
What Platform Does CertaInvest Provide?
Trading platforms provided by fraudsters are all much of a muchness – worthless. Accordingly, the CertaInvest trading program is useless for real and profitable trading. In fact, it is a web trader with generic features that lag behind advanced instruments provided by the latest programs (e.g., MetaTrader 4, MetaTrader 5, cTrader, and Sirix). While on the subject of state-of-the-art tools, they include social trading, expert advisors, stop loss, and more.
Trading On Mobile
Speaking of trading on mobile devices, despite its claim, CertInvest can’t deliver it. A web trader bounds you to trading from search engines. In other words, there is no mobile trading app at CertInvest. By comparison, modern software like MT4 and MT5 enables trading from every device (smartphones, desktops, and tablets) either as downloadable programs or internet-based platforms.
What Сan Be Traded? – Assets List
When it comes to financial markets, every broker scam copies a legit forex provider by offering plenty of trading instruments. In the same fashion, CertaInvest allegedly provides trading on the following markets.
- Forex pairs: USD/JPY, CAD/AUD, GBP/EUR;
- Indices: S&P 500, UK 100, CAC 40;
- Shares: Microsoft, Amazon, Netflix;
- Commodities: metals (copper, aluminum, silver), energies (crude oil, natural gas, electricity), and agricultural products (soy, cocoa, coffee).
Don’t let this offer hoodwink you. No matter the number of tradable assets, CertaInvest is a proven financial hoax.
What Are Traders Saying About CertaInvest?
Before moving forward, we want to emphasize the following. Namely, many phony brokers counterfeit online customer reviews using bots and false clients. By the same token, positive CertaInvest reviews are falsehoods; consequently, don’t pay attention to them. Additionally, trust your research and advice from professionals.
Where Does CertaInvest Engage In Fraud? – Countries Of Service
Examining reports, it turns out that victims of the CertaInvest are mainly EU-based. This con artist is focused on scamming traders from
Normally, brokerage companies that trade in any of these markets must be authorized by BaFin, CBI, FCA, AFM, CNMV, ASF, and KNF. Hence, if you come across CertaInvest, please ignore it for the sake of financial safety.
Financial Affiliate Program
In connection with the Financial Addiliate Program, it is nothing but a type of promotion allegedly enabling you to make more than you can imagine. So, be careful about easy earning. Financial swindlers try to entice traders with generous bonuses. Because of the mishandling, many authorities ban prizes.
Likewise, when lucrative opportunities come from a shady brokerage firm, it is a clear warning signal. If you want fairness, it is only possible with certified brokerage firms.
What Are the Different CertaInvest Account Types?
Apropos of types of trading accounts, CertaInvest trading includes the following versions.
- Bronze: 250 EUR minimum deposit, spreads 0.18 pips, leverage 1:50;
- Silver: 2,500 EUR minimum deposit, spreads 0.14 pips, leverage 1:100;
- Gold: 10,000 EUR minimum deposit; spreads 0.12 pips, leverage 1:300;
- Platinum: 25,000 EUR minimum deposit, spreads 0.10 pips, leverage 1:500;
- Diamond: 100,000 EUR minimum deposit, spreads 0.0 pips, leverage 1:600.
This offer is nothing new under the sun. We have seen a similar modus operandi so many times. It bears all the hallmarks of a plain rip-off. Therefore, once again, give a wide berth to CertaInvest.
Free Demo Account
Another trait of scammers is a lack of a demo account. In the same manner, CertaInvest doesn’t offer this option. To have that, you must choose credible brokers. By way of explanation, a demo account allows testing platforms, styles, and conditions free of charge and with no risk. It is especially essential for beginners. In today’s industry, it is an integral part of every broker’s offering.
About Leverage, Spreads, and Fees
In light of trading conditions, bear in mind that bogus brokers provide terms akin to their reputation, i.e., fabricated and unfavorable. As regards CertaInvest, its maximum leverage is 1:600. This whooping ratio goes against legislation in many jurisdictions, e.g., it is limited to 1:30 in the EU and 1:50 in the US. This restriction keeps retail traders safe from risk arising from high leverage.
Anyway, if you are a professional trader looking for a higher ratio, we advise trading with legal brokerage services. About spreads, this financial swindler reportedly has ultra-low spreads (0.18 to 0.0 pips), which are obviously manipulated to be more cost-effective.
High Minimum Deposit and Withdrawal Terms
When having a look at the CertaInvest account offering, it can be observed that its starting deposit is higher than the industry average. As a matter of fact, its request of 250 EUR perfectly aligns with fraudulent projects. Investment scams always charge a hefty sum for deposits. In contrast, you can start trading with a reliable broker for as low as 10 USD. With reference to the funding methods, scroll down to the next section.
Concerning withdrawals, 100 EUR is the minimum withdrawal amount. Allegedly, it takes up to five days for withdrawals to be processed. Anyhow, keep in mind that drawing funds out are not possible with scam artists.
Payment Methods Available
In the matter of means of payment at CertaInvest, you can supposedly transfer money to and from accounts via credit/debit cards, wire transfers, and digital wallets (Bitcoin). As for the first two, they are safe since they can be tracked, canceled, and refunded. However, we are sure that this fraudulent broker does not accept them. Thereby, CertaInvest supports only cryptocurrencies for depositing; but more about it is below.
Scammed by CertaInvest Broker? – Let Us Hear Your Story
If you are one of the unsuspecting victims of the CertaInvest scam, luckily, getting your money back is doable. But, above all, inform the related authorities. Likewise, don’t forget to post negative reviews and alert others. Finally, apply for cashback or get in touch with chargeback specialists.
How Does Chargeback Work?
If you wonder how to get a refund, then you must take into account the form of payment. You are lucky if you have deposited through VISA and Mastercard. In that case, you can apply for repayment within 540 days. Be careful with bank transfers; although they can be terminated, you must do it before approving the transaction.
As mentioned earlier, fraudsters like CertaInvest insist on depositing via crypto wallets. In so doing, they take advantage of vulnerabilities of crypto payments (e.g., anonymity and irreversibility). In any case, our chargeback specialist can help you retrieve even crypto wallets. For this reason, contact us today.
What Is CertaInvest?
CertaInvest is a bogus brokerage firm with no license and regulations.
Is CertaInvest a Scam Broker?
Yes, CertaInvest is a debunked scam by FCA and ASF.
Is CertaInvest Available in the United States or the UK?
No, CertaInvest doesn’t provide services in the US, but it does in the UK. However, it is blacklisted and unauthorized.
Does CertaInvest Offer a Demo Account?
No, CertaInvest doesn’t offer a demo account, which is expected from plain fraud.