InvestCM Review – FCA Rebukes All Their Claims Of Legitimacy
Recently blacklisted by the leading UK financial authority, this fraudulent scheme still shamelessly tries to sell their services to unsuspecting retail investors. The tailored experience each customer is promised to get turns out to be just false hope that serves the fraudulent intentions.
Fueled by greed, the perpetrators vow to be your partner in turning trading aspirations into accomplishments while, in fact, leaving you empty handed in the end. Read this InvestCM review for an honest take on this sham.
|Regulated by:||Unregulated Forex Broker|
|Is This Company Safe?||No, unlicensed companies are a threat to your funds!|
|Have Warnings from:||FCA|
|Registered in:||Switzerland (alleged)|
|Deposit Bonus:||Not available|
|Trading Assets:||Stocks, Crypto, Commodities, Indices, Forex, NFTs|
|Free Demo Account:||Not available|
|How to Withdraw from This Company?||You won’t be able to withdraw anything without legal support! Our recovery experts are at your service for that purpose.|
No License Obtained
Claims about being a licensed service provider always have to be backed by a regulation issued by a prominent financial authority. In this case, the trading brand claims to operate out of Switzerland, but is not actually registered with FINMA. If you attempt to look for their company, the register will not show any results.
While combing through other databases for this promised license, we actually stumbled upon a warning, published just recently, by FCA. No other Tier 1 regulatory bodies have any data on this suspicious conduct. However, this was enough to prove that the business is completely illicit.
Your financial safety will be severely compromised if you invest with firms like WealthPros 365, as well. All these platforms do not provide segregation of deposits or compensation funds.
Multi-Layered Fraud Scheme
Much of the fraud works by phone through boiler room agents who present themselves as industry experts. They persuade the mark to invest, and pocket the money. Recovering the money is difficult, but quite possible with the help of our experts.
The fraud was launched in 2023, and directed to these areas:
- United Kingdom
Interestingly enough, we have found out that the same fraudulent group operates a Facebook page, where they urge people to invest in real estate in the nation of Cameroon. The domain investcm.com is provided as contact for these shady business deals.
These swindlers also abuse AnyDesk and ScreenLeap remote access software. With it, they can have free reign over the victims’ data, and use it to extort more money.
Costs As Another Reason To Avoid Them
The point of investing with reputable companies is earning, not being robbed blind. By providing risky trading conditions that go against regulatory standards, the InvestCM scam will push you into quick loss of funds. The leverage of 1:50 is proof of that. That’s just what the website shows only, it is questionable what the platform offers, as we weren’t able to access it.
All other parameters and costs were carefully concealed. Legal docs and terms also do not reveal any of the crucial elements.
Unappealing Offer Of Tools
Due to the inability to join the platform because of the lack of an invitation code, we couldn’t thoroughly explore the whole offer. No loss there, whatsoever. Our attempts to get to the trading software were also effectively denied. All in all, there’s nothing that this firm provides that could spark your interest.
MT5 In Wrong Hands
The best online trading software in the industry currently is none other than the grand MT5. Known for its reliability and impeccable set of most advanced and comprehensive tools, there’s no doubt that this platform is most preferred among traders.
The downside to this story is that it is being offered by an unlicensed and blacklisted firm, which immediately undermines its value.
Compared with what you’ll find with a regulated brokerage, the assets available through InvestCM are nothing to write home about.
The selection is rather small, with not a particularly diverse offer of financial instruments for buying and selling:
- Stocks (Ford, Meta, Johnson & Johnson)
- Forex (EUR/USD, USD/JPY, EUR/GBP)
- Crypto (BTC, ETH, LTC, XRP, ZEC)
- Commodities (Coffee, Sugar, Wheat, Gold)
- Indices (Nikkei, Nasdaq, FTSE, CAC)
- NFTs (Hippi Monster #256)
At first sight, the offer of the InvestCM accounts may seem appealing. Some attractive features like technical assistance, fee-free withdrawals and expert account managers are allegedly included.
The real question, however, is how real these features actually are. Nothing is easier than promising something – fulfilling the promises is where blacklisted brands fail.
The price chart goes as follows:
- Starter – $250
- Bronze – $10,000
- Silver – $25,000
- Gold – $50,000
- Platinum – $100,000
InvestCM Withdrawal Issues
All over the website you’ll find claims about the portal supporting credit/debit cards, bank transfers, and popular crypto coins. Sadly, none of these are verifiable. First because the restricted joining options, secondly because of the missing Payout Policy.
Although no fees are supposed to be charged on the funding procedures, that guarantees nothing. FAQs contain poor explanations of what should have been included in the legal papers. If possible, always use credit cards for the safest deposits. After all, this method makes chargeback easy and doable, as long as you request it within 540 days since the investment was made.
No Support Options
The customer support is handled only through the contact form, embedded in what should be a live chat option. Trying to access the “Contact Us” page inevitably leads to a server timeout error, and this makes us doubt whether anybody reads the messages sent though the form in the first place. Of course, this is all by design, and its primary intention is to avoid dealing with the authorities.
Fund Recovery Methods
As proven in our review, this firm is not a safe brokerage alternative. Instead, you should seek better investment platforms that are more secure and actually lucrative. In the sea of cyber thieves there’s still trading powerhouses that deserve your trust and attention. You just have to perform a thorough preliminary research before deciding to invest anywhere.
If you’ve become a scam victim, please do not keep quiet about it. You deserve to be heard, so share your experience with us and we’ll offer you the legal help you need for the chargeback process. For a quickest response, you should contact our agents via the Online Chat feature. We’re always available.
What is InvestCM?
The site is another fraudulent scheme that sells fake brokerage services.
Is InvestCM a Legitimate Broker?
No, and FCA, UK’s leading watchdog has blacklisted them for operating without a license.
Is It Possible to Recover Money From a Scam Broker?
We have the methods and constructive means of getting your cash back. Contact us today for legal advice.