Spotinvest Review – 5 Things To Watch About Spotivnest.com Trading Scam

When we thought we have seen everything, Spotinvest reveals its secrets. The broker is an offshore and unlicensed trading medium. The company operates from Saint Vincent and Grenadine, as found in our research.

If you have heard they operate from some other country don’t be surprised. Since there is no regulation or license that this company provides, a lot of information is uncertain.

Also, remember the names of the BitTrust, FinuTrade and Metadoro trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Stories About SpotInvest’s Regulatory Status

A crucial part of trading is license. Spotinvest doesn’t offer any security for its clients. Conditions presented on their website are risky. In addition to that, there’s a high probability that some conditions are created or modified along the way.

On the other hand, Spotinvest is trying to make an impression that they are another company that is registered in the UK.  Misleading clients is completely against the law. That’s why licensing is very important.

A lot of warnings from regulatory bodies. There is no license or real ownership information available. Very speculative trading terms and conditions. More than enough red flags not to do business with this company.

Why It Is Better Not to Choose An Unlicensed Broker

If you are trading with an unlicensed broker you can face different problems. Especially when it comes to withdrawing your money. Unlicensed trading companies are finding loops in the laws and conditions to steal your money.

Regulation is very important, like in any other business sphere. Even if they had a license, we always recommend looking for FCA, ASIC or BaFin License. These licenses are the most trusted ones, that belong to Tier 1 regulation. 

So Is SpotInvest a Decent Broker or a Scam?

A lot of warnings from regulatory bodies. There is no license or real ownership information available. Very speculative trading terms and conditions. More than enough red flags not to do business with this company.

Warning and Blacklisting From Financial Regulators

Through research, we found that there are multiple warnings issued against this company by the FCA – Financial Conduct Authority – UK and CNMV – Comisión Nacional del Mercado de Valores (Spain). In the past were warnings about its sister company – most probably just rebranding.

SpotInvest Software – Platform Tools

As for the trading program, the company states that they use a web-based trading MT5 platform. Checking their platform is not available unless you are a registered user.

To do a complete Spotinvest review we signed up. That got us to the web-based platform, that doesn’t look like MT5. There is not even an option to log in and connect to MT5 servers.  

Mobile Trading

Spotinvest trading offers as well mobile version of the platform, but not MT5. It should be taken into consideration that scammers often use trusted tools to fool their victims.

Since they are not licensed, everything is speculative.  With platforms like these, manipulation in trading is one of the biggest downsides.

AnyDesk and TeamViewer – Access To Your Bank Account

This is a very important part of your privacy. If you are not able to do it yourself, don’t let someone else do it through your device. Exposing your personal information is very dangerous.

Scammers are often using this tactic, to show you something and in the end to lead you to your bank account. After that anything can happen. Most of the time, people end up being ripped off.

SpotInvest Range Investment Opportunities – Trading Instruments

After our registration, we found different assets available on the platform :

• Forex – USD/JPY ; NZD/CAD; AUD/CAD;
• Commodities – Gold, Platinum, Oil
• Indices – DAX30, S&P500, NASDAQ
• Stocks – Netflix, AMD, NVidia      
• Cryptocurrencies – BTC, LTC, ETH

Where Does SpotInvest Engage In Fraud? – Countries Of Service

Spotinvest reviews reveal that they are  often scamming people from:

• Spain
• Netherlands
• Canda
• UK
• Italy

What is more, we strongly advise you not to invest in EuropeMarket, Golden Bridge Capital and AXCapital fraudulent brokers.

What Are The Different SpotInvest Account Types?

Account types listed on the website are:

• Bronze – 250 EUR
• Silver – 10.000 EUR
• Gold – 25.000 EUR
• Platinum – 50.000 EUR
• VIP – 250.000 EUR

All accounts give you more benefits, lower spreads, bigger bonuses and higher leverage.

Offer Demo Or Trial Accounts

Spotinvest trading doesn’t offer DEMO accounts. Only live accounts with different conditions are available.

How Much Is Leverage, Spreads and Fees

The basic account is the only one that has zero withdrawal fees. Other types have only one zero-cost withdrawal per month. After that, it could be anything.

Leverage ranges from 1:10 for the Basic account up to 1:50 for the VIP trading account. On some markets, it can get up to 1:500.

Spreads are not mentioned on their website, but taking a look at the platform didn’t bring anything good. Standard spreads on licensed platforms are 1 pip on some assets. With Spotinvest, these spreads are at least 10 times higher.

What Is The Minimum Deposit and How Do I Withdraw?

The minimum required for activation is 250 EUR. Since the company only offers questionable payment options like cryptos and wire transfers, withdrawals are a mystery.

That’s what scammers typically do, to trick their clients. The idea of that is that you are not able to request a refund or chargeback.

Scammed by SpotInvest Broker? – Allow Us to Hear Your Story.

You should not feel ashamed if you were scammed by these con artists. They are in this way longer than you. Now you know the tricks as well for future how to be safe.

If you were caught in something like this, feel free to let us know. Our experts are offering free consultations and you can start your chargeback process.

What Is the Chargeback Procedure?

This procedure, often performed by clients is incomplete. Requires collecting adequate information to provide your financial institution with.

The idea of the chargeback process is to trace the money and route it back to the client. Get in touch with us if you need any assistance with a chargeback.