DWS Invest Review – Shady Broker Is Not Legit At All
We have no sympathy for financial swindlers that end up on the blacklist. This cutthroat provider deserved it after a poor presentation and fake licenses on its website. In the DWS Invest Review, we plan to explain just why the financial market regulators flagged this as a scam. Are you ready for the truth about DWS Invest?
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed Scam Brokerage|
|Blacklisted as a Scam by:||FCA, CNMV, AMF, FI|
|Headquarters Country:||London, UK (allegedly)|
|Minimum Deposit:||250 $|
|Cryptocurrencies:||Yes – Bitcoin, Ripple, Dogecoin|
|Types of Assets:||Forex, Crypto, Indices, Commodities, Stocks|
|Free Demo Account:||Unavailable|
|Accepts US clients:||Yes|
DWS Invest Is A Scam Platform?
That’s right. Since DWS Invest couldn’t make up its mind as to whether it was an exclusive UK-based broker, an internationally accepted provider, or an offshore entity, it decided to go with all three. On the website of this con artist, we found three fake licenses.
The owner company wasn’t disclosed, which means that DWS Invest is an anonymous hoax. It seems that the phony broker deleted all the legal documentation if there was any in the first place. That’s because the regulators are hot on DWS Invest’s heels. As for the London address, it’s also a mask.
DWS Invest is a fraudulent broker that claims to provide great Forex, CFD and crypto trading conditions, sticking to a fake FCA license. DWS Invest targets traders from the UK, US, Germany, Spain and Italy.
Lies About Certification by Reputable Regulators And Independent Financial Commissions
Warnings From Financial Regulators
Top-tier financial market watchdogs had enough of DWS Invest. Thus, they put the fraudulent broker on their blacklists. The most notable being the FCA since the scammer claimed to operate in the UK. Other warnings were issued by the Spanish CNMV, Dutch AMF, and Norwegian FI. Below, you can see for yourself.
DWS Invest’s Trading Platform?
On the fraudster’s website, we couldn’t find any section dedicated to a trading platform. The scammer only mentions a “multifunctional trading platform with a simple interface.” Sorry, DWI Invest, but that won’t cut it. Which platform is it? WebTrader?
We believe so because we found a web-based chart below the instrument table. Devoid of any remotely advanced features, it represents the classic choice of scammers in their schemes. Since DWI Invest is an anonymous and unregulated trickster, we wouldn’t be surprised if there wasn’t any platform available at all.
DWS Invest Assets – Instruments Types
DWI Invest was pretty vague regarding the trading platform. However, the scammer did provide a comprehensive explanation of the available trading assets. Pretty useless without a valid platform. Nevertheless, here’s a quick overview to put things into perspective:
- Forex pairs – EUR/USD, AUD/CHF, GBP/NZD…
- Indices – NASDAQ100, RTS, S&P500…
- Commodities – gold, silver, nickel, wheat, natural gas…
- Stocks – L’Oreal, Gazprom Neft, Renault, Bayer…
- Cryptocurrencies – BTC/EUR, ETH/USD, XPR/USD…
Where Does DWS Invest Engage In Fraud? – Countries Of Service
Here’s what we found about where this scammer tried to implement its fraudulent scheme. These are the countries where DWS Invest dug its claws:
- United States;
- United Kingdom;
Fortunately, the UK’s FCA and the Spanish CNMV have reacted and issued warnings against DWS Invest. It seems that those warnings made an impact. The scammer is retreating.
What Are The Different DWS Invest Account Types?
When it comes to different account types, DWS Invest allegedly has seven in-store:
- Welcome on board – minimum deposit of 250 $, leverage up to 1:50;
- Beginner – 1,000 $, 1:75;
- Bronze – 5,000 $, 1:100;
- Silver – 10,000 $, 1:150
- Gold – 25,000 $, 1:200;
- Platinum – 50,000 $, 1:300;
- VIP – 100,000 $, 1:500.
As you can see, these prices aren’t really pleasing. They are too high. Also, leverage isn’t acceptable either but more on that later. DWS Invest brags about other perks for each account type but we highly doubt that’s legit.
Free Demo Account – Does The Broker Offer It?
Alert, no demo account! There’s no legal documentation on the website, let alone a free demo account. Imagine having to go in blind without knowing anything about the platform or trading conditions. That’s why you don’t trust unregulated brokers.
About Leverage, Spreads, and Fees
Spreads? “Ultra-low,” if you ask DWS Invest. We’ll give the scammer the benefit of the doubt. It matters little since fees weren’t disclosed. Tight spreads and high fees don’t go along very well.
As for the leverage, it caps at 1:500! There you go, proof that DWS Invest is illicit. Financial market regulators have set a legal leverage limit of 1:30 (EU, UK, Australia) or 1:50 (US, Canada) for retail clients. At 1:500, you would surely lose everything.
What Is The Minimum Deposit and Methods of Withdrawal?
The minimum deposit is 250 $. That’s all we know. Shocking, right? We couldn’t believe it either. Without T&C, we were unable to find out which payment methods DWS Invest accepts or what are the conditions and fees for depositing & withdrawing.
Nevertheless, we think that there won’t be any withdrawals made. That’s how these scammer roll. They take your deposit and vanish.
Scammed by DWS Invest Broker? – Allow Us to Hear Your Story
If you’ve fallen victim to this terrible plot, we feel for you. Don’t despair. Instead, help us bring down the scammer. We can help you get your money back, so it would be a win-win situation.
However, since we don’t know which payment methods DWS Invest accepts, you’re going to have to shed light on it. Regardless, we’ll explain refund processes for the most popular ones.
What Is the Chargeback Procedure?
- If you’ve deposited funds via credit/debit card, you can request a chargeback.
- This is the process of reversing card payments. It can be performed by the issuing bank within 540 days.
- For wire transfers, you can request a recall, but only if the transaction hasn’t gone through yet.
- Crypto payments need to be traced to a wallet within a crypto exchange. After that’s done, you can request a refund from the exchange.
- If you’ve paid using e-wallets, you’re going to have to contact the issuing company for support.
If this broker steals your money, you can contact us for help!
What Is DWS Invest?
The broker is a fraudulent provider that allegedly offers Forex, CFD, and crypto trading.
Is DWS Invest a Scam Broker?
DWS Invest is a scam broker because it has been blacklisted by several authorities.
Is DWS Invest Available in the United States or the UK?
DWS Invest is available to traders from both the United States and the United Kingdom.
Does DWS Invest Offer a Demo Account?
There’s no free demo account anywhere on the website. Huge red flag.