As the name suggests, investing with this broker should be a dream. However, there are certain red flags we cannot ignore and specific problems making investing with Investing Dream a nightmare. Read our review and learn it all.
|Broker status:||Offshore Brokerd|
|Regulated by:||Unlicensed brokerage|
|Blacklisted as a Scam by:||CNMV, CMVM, FSMA, Finanstilsynet|
|Owned by:||Mikato Trade LLC|
|Headquarters Country:||Saint Vincent and the Grenadines|
|Types of Assets:||FX, commodities, indices, shares, futures, cryptocurrencies|
|Free Demo Account:||Yes|
|Accepts US clients:||No|
What About Investing Dream Regulation?
Investing Dream is a brand of Mikato Trade LLC from Saint Vincent and the Grenadines. And that’s a red flag right there. SVG has no regulator supervising Forex or binary options firms. The FSA declared itself not in charge and issued a notice that all brokers should seek a license in the country of service.
Of course, that’s a reason for many, including Investing Dream, to establish their offices on this Caribbean island. No financial control.
Why Must a Broker Have a License?
Brokers, banks, insurance companies, and all financial service providers must have a license and someone to supervise their activities. It’s the only way to know you won’t be scammed and a company won’t disappear with your money. Furthermore, Tier1 regulators obligate Forex companies to form significant compensation funds to reimburse potential victims.
Investing Dream has no offshore or Tier1 license, meaning it’s just another scam.
Investing Dream Warnings From Financial Regulators
A bit over a month ago, Spanish regulator CNMV issued an official warning against Investing Dream and Mikato Trade LLC. This warning was later republished by the Belgian FSMA, Norwegian Finanstilsynet, and Portuguese CMVM.
Blacklisted As A Scam By CNMV
The Spanish regulatory body stated that Investing Dream is not authorized to provide investment services, including investment advice, or provide ancillary services related to financial instruments, including foreign currency transactions.
All in all, Investing Dream is an unregulated fraud.
Traders Reviews About Investing Dream Scam
Investors’ reviews are focused on withdrawals. It seems that Investing Dream is a dream while you need to deposit, but once you request a payout, you won’t have such a dreamy time. In fact, your trading account will be frozen, and the company won’t bother answering your calls.
Supported Trading Platforms – Available Trading Software
Investing Dream describes its platform as “a world-leading trading platform designed to provide you with the best trading experience.” However, it’s just a plain WebTrader. These platforms have no EAs, rarely support social trading, and the broker usually provides unregulated trading conditions. For instance, Investing Dream enables leverage up to 1:500 for the Forex market, while most regulators limit it to 1:30 or 1:50.
We highly recommend you find a legitimate firm with MT4 or MT5 software if you want to invest.
Everything About Investing Dream Trading Accounts
Investing Dream offers a Demo account and 5 Real account types. They are:
While we see the difference in leverage for each asset, a personal account manager available only for Gold and higher accounts, and bonuses from 10% to 100%, we don’t see a broker’s minimum deposit.
Investing Dream Range of Trading Instruments & Markets
Here’s the overview of the trading instruments and markets. The firm lets you invest in:
- Currency pairs
Unclear Trading Conditions and Unable To Register An Account
Investing Dream didn’t list a minimum deposit, making it a discretionary right of its employees to request any amount. Furthermore, spread and transaction fees are not listed, meaning you have no idea what kind of money you’ll pay for trading fees and commissions. And, of course, there’s a Bonus Policy to spice it all up. Let’s say you accept the bonus; you have to have a trading volume of the bonus amount divided by 4 in lots to withdraw your funds. So suppose you got a $1,000 bonus; you have to repay 250 lots, equal to $25 million.
Investing Dream Deposit, Withdrawal Methods, and Bonuses
The company accepts the following payment methods:
- Debit/credit cards
- Wire transfer
- Local 3rd party payment solutions
Yet, these solutions are not listed, so we can only guess. Besides, withdrawals to your card are processed as a “refund,” while the rest of the money should be sent via wire transfer. Scam brokers usually use this tactic to give you a small amount back, gain your confidence, and never transfer the actual profit or any significant amount. Don’t fall for this scheme.
Bonuses go from 10 to 100%, and, as you saw, trading requirements to repay the bonus are ridiculous.
Are You Already Involved With A Bad Broker? – Share Your Story With Us
If you have already been involved with Investing Dream or a similar bogus broker, let us know. Our chargeback specialists will be happy to assist you in filing a dispute.
But What Is A Chargeback?
This is a way for your bank to reverse the funds. Book your FREE consultation today, and let’s start acting before this firm disappears as many similar ones did. Don’t be a victim; win the system and recover your funds!
What Is Investing Dream?
Investing Dream is an online trading firm based in Saint Vincent and the Grenadines, with no license.
Is Investing Dream A Scam Broker?
Investing Dream is a scheme firm blacklisted in Spain, Norway, Portugal, and Belgium.
Is Investing Dream Available in the United States or the UK?
The broker provides its services in the UK but not in the US.
Does Investing Dream Offer a Demo Account?
You have a Demo account with Investing Dream, but virtual money is risk-free, unlike real funds.