The IndexEvolve broker is unavailable, and access to the website is suspended. This means that everyone who had a subscription to this fraudulent investment firm cannot access their funds. See more about the company itself and how to get your money back in our IndexEvolve review.
In addition to the above, we strongly advise you not to invest in Fin Venture, EUFinance and UnionsMarket fraudulent brokers.
Broker status: | Unregulated Broker |
Regulated by: | No Regulation (Illegal Broker) |
Scammers Websites: | indexevolve.com |
Blacklisted as a Scam by: | FSMA, CONSOB |
Owned by: | Evolve Invest Limited |
Headquarters Country: | UK/ Hong Kong |
Foundation year: | 2021 |
Supported Platforms: | WebTrader |
Minimum Deposit: | 250 USD |
Cryptocurrencies: | Available |
Types of Assets: | Forex, commodities, indices, shares |
Maximum Leverage: | N/A |
Free Demo Account: | Not Available |
Accepts US clients: | US traders are not accepted |
Is IndexEvolve Regulated? – Beware Of Fraud
While the website was active, you could see all kinds of misinformation about the broker. Allegedly, the brand is owned by Evolve Invest Limited, with headquarters in the UK and Hong Kong. Furthermore, this firm was allegedly listed on the Hong Kong stock exchange. Unfortunately, all this is a bunch of nonsense since the company has no license and stock exchanges have never heard of this entity.
Does the Broker Have a Tier 1 Trading License?
Our review has shown that IndexEvolve regulation is not with the FCA or HKMA. Also, we couldn’t find anything with other Tier1 regulators, including the German BaFin, Australian ASIC, French AMF, and more. The conclusion is that the broker IndexEvolve was just another scheme firm that was extorting money and eventually vanished.
Scam Warnings From Financial Watchdogs
Don’t take our word for granted. The official regulators of Italy and Belgium have confirmed everything stated in this review by marking the IndexEvolve trading scam and publishing official warnings against it.
Official Warnings Issued by CONSOB and FSMA – Evidence of Fraud
The first warning came from Italy when CONSOB received too many IndexEvolve complaints. It was later republished by Belgian FSMA since there have been scam activity.
Where Is IndexEvolve Trading Scam Active?
Besides Italy and Belgium, we’ve found IndexEvolve reviews from Germany, South Africa, the UK, Spain, and Albania. Since the firm is unregulated, it has access to all countries. Illegally, of course. But it used it all the way until the moment it was blacklisted, then just vanished and left victims to seek help.
False Claims About Regulation – The License Doesn’t Exist
Along with lies about headquarters, the company falsely stated to have a license from the FSC of Mauritius and Securities Commission of Bahamas. Even though these two regulators are offshore, they withheld from regulating a scam firm such as IndexEvolve. And that should tell you a lot.
Supported Trading Platforms – Available Trading Software
Like many fraudsters, this one brags about providing you with the best tool, powerful platform, terrific trading software, etc. Guess what? As an IndexEvolve trading platform, all you will get is a WebTrader with no social trading or copy trading and a limited number of charts and indicators. As if you needed more reasons to avoid this company.
IndexEvolve WebTrader Platform
WebTrader itself is pretty standard, with few chart types and basic indicators. The leverage and spread are nowhere disclosed, meaning you’re going into investing blindfolded. Here, the best would be to try and use IndexEvolve Demo, but the firm is illegal, so it doesn’t matter anyway.
Mobile Trading App – MT4 and MT5 Are Unavailable
Sadly, there are no reputable platforms like MT4 and MT5. IndexEvolve login via mobile can be done from an app corresponding to a WebTrader, with some basic tools.
IndexEvolve Trading Instruments – What Can I Trade?
For those who are still willing to check read about this scheme firm, here’s the offer of trading instruments:
- Currency pairs
- Commodities
- Indices
- Shares
- Cryptocurrencies
Nothing we haven’t seen before. Just, this time, without a license. So no, it’s not recommended.
Also remember the names of the QuantumMarket, Radex Markets and Fortexo trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!
Trading Accounts Overview
While the website was active, there were 4 IndexEvolve account types. Here’s the list:
- Standard – $250
- Professional – $10,000
- Business – $30,000
- Business Plus – $100,000
Besides IndexEvolve’s minimum deposit, there’s not a big difference even if you invest 100k. You will get allegedly better experts and more affordable trading conditions. But we have no clue what it means since the company didn’t bother to explain.
IndexEvolve Deposit Methods – How To Deposit?
While we see no reason for anyone to invest with IndexEvolve, available payment methods for those persistent are:
- Visa
- MasterCard
- Bitcoin
- Litecoin
- Fast bank transfer
The safest method here is a credit card since you have up to 540 days to apply for a chargeback if you’re scammed. And that’s exactly what all the victims should do.
Scammed By IndexEvolve Broker? – Talk To Our Recovery Experts
If you were scammed by IndexEvolve or a similar firm, contact our recovery specialists. We’re here to listen and help. Knowing how hard a scam can hit, we are here to ensure you will see all your options and get the best possible refund choice. Book your free consultation today, and let’s start!
Can I Trade Cryptocurrencies And CFDs With IndexEvolve Broker?
Yes, trading crypto and CFDs are available with IndexEvolve broker.
Does IndexEvolve Give a Deposit Bonus When Opening an Account?
IndexEvolve matches your initial deposit up to 100%.
Is IndexEvolve a MetaTrader 4 Forex Broker?
IndexEvolve is not an MT4 broker; it provides only a WebTrader.
Does IndexEvolve Have a Mobile Trading App?
Yes, you have a mobile app based on the WebTrader.