If you try to find out more about this particular broker, you will face some obstacles. For a start, the company took its name after investment packages some of the biggest banks such as HSBC, BNP Paribas and Danske bank are offering. Therefore, you will find information about legit investing instead of checking out this offshore operation.
Read our FlexInvest review and get all the intel in one place.
|Broker status:||Offshore Broker|
|Regulated by:||Unlicensed brokerage|
|Blacklisted as a Scam by:||N/A|
|Headquarters Country:||Saint Vincent and the Grenadines|
|Supported Platforms:||Web trader|
|Types of Assets:||FX, commodities, indices, stocks, cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||Yes|
FlexInvest Regulations and Security
FlexInvest didn’t list the owner behind the scenes but did say the governing law would be the law of Saint Vincent and the Grenadines. It showed us you’re dealing with an unregulated offshore broker. How can we be sure it’s unregulated? Easily. SVG doesn’t have a regulator. There’s an FSA that registers financial institutions and redirects them to opt for regulation in the country of service. As we couldn’t find FlexInvest with any Tier1 regulator, we know this brokerage has no license to provide financial services and operates illegally.
Beware of the FlexInvest scam and report any suspicious activity immediately.
Fund Withdrawal Issues
According to FlexInvest reviews, the broker is promising clients they will make $100 per day. It’s a typical scam of fraudsters with nothing to offer, so they need to scam clients and promise the impossible. However, even if you manage to make some profit, you will not withdraw it for sure. The company doesn’t allow withdrawals, they refuse to process any requests, and after delaying clients as much as possible, they simply block trading accounts and ban access to funds.
If you recognize yourself in our story, report the FlexInvest scam before it’s too late.
Traders About FlexInvest Scam
According to traders, they’re receiving calls from FlexInvest agents out of the blue and being promised assistance in recovering what they’ve lost with another company. However, once you’re hooked and start an account with FlexInvest, you won’t be able to withdraw any money. In the end, instead of recovering, you will end up in a much deeper minus than before.
Don’t fall for such stories, and always check the brokerage before making any investments.
How Does Online Trading Scam Work?
Online trading scams start from agreeing to invest with an unregulated offshore company or, in general, any illicit brokerage. Whether you submitted your details via an ad, were approached on social media, or similar, you will be prompted to invest money. In the case of FlexInvest, you will be asked for $500 as a minimum deposit. In return, the company will promise you whatever you want to hear – $100 per day, recovering what you lost in the past, etc. All these things are false since you can never withdraw funds you invested with FlexInvest.
Be careful when choosing a brokerage and look for Tier1 regulated companies since you have insurance for the funds.
Scammed by FlexInvest?
If you were scammed by FlexInvest or any similar bogus broker, let us know. Our support will book a free consultation for you to get all the information related to the chargeback process.
But what is a chargeback?
It’s a way for your bank to reverse the transaction. For this to happen, you need to prove that you have been scammed. That’s why leaving the case to professionals is the best option. Tell us your story via online chat, and let’s get your money back!
What is FlexInvest?
FlexInvest is an online trading brokerage without any kind of financial regulation.
Is FlexInvest a scam?
Yes, this is a scam brokerage without any regulation for providing financial services.
Is FlexInvest regulated?
No, FlexInvest is not regulated by any authority body and provides financial services illegally.
What Deposit Methods Does FlexInvest Accept?
Broker accepts deposits via debit/credit cards and wire transfers.