Dav Invest Review – A Cunning Scammer Up To No Good

Where do we even start with this one? How about the shady background, the fake address, or the deceitful promises of the moon? This scam broker is not much different from the rest of them in the tactics it uses and the lies it tells. So without further ado, the Dav Invest Review will drive a stake right through the fraudster’s heart and first debunk the alleged licenses.

Additionally, we strongly advise you to avoid the fraudulent brokers OpoFinance, TargoSwiss, and Eurinvesting.

Dav Invest Is a Scam Platform? – Lies About Regulation

Something’s really fishy about all the information that Dav Invest provided. The fraudulent broker claims to be stationed at an Australian address while under the regulation of the FCA and the Financial Services Commission of the Republic of Mauritius. We honestly have no idea how these scammers pick who regulates them. They probably just spin the globe and point the finger.

The unauthorized provider managed to get blacklisted by the FCA and that’s one financial market big dog you don’t want to piss off. Furthermore, there’s no mention of Dav Invest on the website of Australia’s financial market regulator, i. e. ASIC. Therefore, we solemnly announce that the broker is unregulated and dangerous.

Dav Invest is not a regulated Forex trading firm. The brokerage has been blacklisted in the UK, Italy, Belgium, and Norway, and marked as a fraud.

Why Is Trading On a Licensed Broker’s Platform Preferable?

There’s always a huge risk when dealing with unregulated brokers. You could lose your money before you even start trading! For sake of your funds, we searched the websites of top-tier regulators for Dav Invest and did not find a license anywhere. However, what we did find will forever deter you from trusting this fraudster.

Scam Warnings from the Financial Conduct Authority (FCA) and More

Here we have as many as four warnings issued against Dav Invest. These are notable regulators so their action has weight. When the FCA, the FSMA, CONSOB, and Finanstilsynet put you on their blacklist, you have no further business in the financial market. It’s high time this scammer got exposed!

What Trade Software Does Dav Invest Provide?

Nevertheless, let’s see the trading platform that Dav Invest offers. Imagine our surprise, it’s a simple web-based trader. Is it great? Nah. Does it provide advanced tools and will it facilitate your trading endeavor? We highly doubt it. In reality, it’s pretty lackluster and a far cry from the “best trading platform,” as Dav Invest puts it. 

If you really want to see what a legitimate platform looks like, check out Meta Trader 4 or 5, which utilizes cutting-edge trading tools. 

Dav Invest – Countries Of Service

From what we managed to find out, Dav Invest operates in the UK and France. The unscrupulous broker claims it operates everywhere but by emphasizing the fake FCA license, residents of the UK are probably its main targets. Tough luck in one of the most heavily regulated states.

What Do We Know About Dav Invest Account Types?

We know that Dav Invest offers three account types – Beginner, Amateur, and Professional. Most brokers offer more than one type so this is nothing out of the usual. But, considering all that was said about the fraudster’s unregulated status, account types should be the least of your worries. Also, a minimum deposit of $500 for such a liar is way too much.

Can a Trader Use a Demo Account?

Every legitimate provider allows clients to use a demo account just to get a glimpse of how things work. Even scammers are wise enough to include one so as to not appear suspicious. 

We cannot say for certain whether Dav Invest offers a demo account since its website was inaccessible at the time of this writing. Our guess is that it was available.

Welcome Bonuses – As a Way to Deter Withdrawals

Another malicious trick that these con artists love is bonuses. With multiple strings attached, these bonuses are conditioned with cleverly written clauses to prevent clients from withdrawing money. Typically, you are awarded a welcome bonus that is sometimes as high as 50%. Keep in mind that most regulators expressly banned bonuses.

Deposits & Withdrawals 

Nothing to see here, folks, besides crypto. Bitcoin and Tether to be precise. There’s no info on withdrawals since the scam broker never intended to perform them anyway. No real provider would limit its payment methods to just one. Especially not the least transparent method. Dav Invest claims the minimum deposit is $150 but that’s a lie, it really demands $500.                

What Is Known About Dav Invest’s Trading Conditions?

First, let’s point out the leverage of 1:500. Know this, most regulators have restricted the leverage to 1:30 to 1:50 for retail clients. Why? Because high leverage is a double-edged sword. While it can bring great profits, it can also lead to crushing losses so beginners stay away!

When it comes to spreads, 0.6 pips for EUR/USD. Bravo, that’s awesome! Being unregulated, not so much…

Why Do Scammers Prefer Cryptocurrencies?

Nobody can accuse you if they don’t know who you are, right? That’s why scammers prefer crypto – it allows them to remain anonymous. Furthermore, crypto transactions are extremely hard to trace. Our fraudster is no different, crypto is all Dev Invest knows.

Scammed by Dav Invest Broker? – Let Us Hear Your Story

Let it all out, we know it’s unpleasant. It could’ve happened to anyone. Reporting the scammer will make you feel better and that’s where we come in. Although the chances are slim, there is a way to get a refund from crypto transactions through tracing.

But What Is Crypto Tracing?

Crypto transactions provide scammers with anonymity, we already said that. However, these transactions can be traced to a certain wallet. Every crypto wallet must exist within an exchange. Once located, you can request a refund from the exchange.