InvestmentsGlobal review – There Are No Pros With This Broker
As the company complies with the laws of St. Vincent and Grenadines, there is not much to expect from it. InvestmentsGlobal broker doesnćt offer any transparent company information. Starting with the company’s legal name and ownership. But also the official address.
Still, they require traders to trust them and deposit their life savings. How they manage to do that, you can find out in our InvestmentsGlobal review. If you are curious about other broker’s offers you can check as well our SolidusX and MondialFx reviews. We are sure you won’t leave disappointed.
Compliance and Fund Safety at InvestmentsGlobal
As the company comes from an offshore country, the only hope is in the regulation. Since Financial Services Authority (FSA) from St. Vincent and Grenadines is not issuing trading licenses we must look elsewhere. For those purposes, we only trust the Tier 1 group of regulators.
As can be seen from the contact information, the broker left UK’s phone number. Based on that, we are checking the first registers of the FCA. Because obviously, they provide support for UK traders. However, the register of the FCA doesn’t have records of this broker having a license. Also, that’s not the case with any other European regulator like BaFin, CONSOB or CNMV.
However, we came up with multiple warnings. Mainly from Canadian regulators which point out that that could be their primary country of operations. In this case, the warning against the InvestmentsGlobal scam broker is issued by BCSC and OSC.
Trading Software Overview
Trading software with this scam broker is nothing more but a basic and poor version of the trading view. With only few indicators and charting options, it can’t be compared to the industry-leading software. However, there are no available advanced features. For example, social and copy trading, Expert Advisors or anything more advanced.
On top of all the software is only available via browser on mobile devices. There is no dedicated mobile app for iOS and Android users. Since this is a web-based platform there is another risk creeping behind the scenes. This software is eligible for manipulations. The broker can easily access and change market data through the back end to control the client.
Therefore, it’s not recommended for anyone to use such a risky platform. Instead, traders should opt for trusted choices like Meta Trader or cTrader. But also with regulated brokers.
Bonuses and Promotions
As an offshore scam broker, nobody monitors their activities. Therefore, they can have any shady conditions they want and nobody can change that. It’s only up to traders that are accepting those. In this case, those are bonuses and malicious bonus policies. Whether as a welcome bonus or a bonus from a referral program, it’s the same point. Not to allow traders to make a withdrawal.
The broker claims that if the trader accepts any kind of bonus they must reach certain trading volume ( Contract threshold). But only if you reach that you are able to make a withdrawal of the bonus amount. For example, for a $1K bonus, you must reach $20.000.000 to make a withdrawal of that $1K.
Generally speaking, these situations are practically impossible but traders realize it too late. Also, you can’t get out any money made with bonuses. Which leads to another dirty trick. Just think about one thing. Who decides what profits are made with bonuses? Only this scam broker.
Account Types Available
With 5 account types available, traders can choose for how much money they want to be ripped off. In this case, those account types are
- Starter $250
- Classic $10.000
- Standard $50.000
- Professional $100.000
- VIP $250.000
The higher you go the higher leverage traders get. Actually up to 1:400. However, all European regulators allow a maximum of 1:30 for retail traders. Spreads range from 0 pips for VIP account to minimum spread of 1.6 for Starter. However, their platform shows much higher spreads. Even though they don’t offer a demo account you can get access to the platform. And get all the proofs that you need.
Methods of Deposit and Withdrawal
The main issue according to any InvestmentGlobal broker review is their withdrawal. As we could see from the bonus policy it’s practically impossible. Since they are not regulated broker we always suggest traders use debit or credit cards. That way they ensure they can get a chargeback.
In this case, deposits are done via:
- Debit and Credit cards
- Bank transfers
However, withdrawals are only available through crypto payments. On top of all, the processing time is between 7-10 business days.
How the Fraud Has Carried Out
Broker lures through various marketing campaigns for new clients. But also through the referral program. Obviously, they have a way to prove to clients their legitimacy and gain trust. However, once they extort all the money possible you are left down the drain.
Firstly, there is a chance they are using malicious software. On top of that, there is a shady withdrawal policy. Secondly, they might be used as the last option, withdrawal fees. Which are not stated anywhere. Thus, inexperienced traders fall for it easily.
As a non-regulated broker, it didn’t bring much hope. But with numerous warnings, malicious policies and many negative reviews, they proved the point. This broker is nothing but an illicit scam. After all, there is nothing positive that should attract reasonable traders to deposit here.
However, if you were their victim you know what to do. Get in touch with our professional team to start your chargeback process. Whether you need a chargeback or to track crypto, there is a way. Don’t let them get away with your money, contact us today!
FAQs About InvestmentsGlobal Broker
Is InvestmentsGlobal a Regulated Broker?
No. The company doesn’t have any trading licenses, therefore presents a huge risk for traders.
Is My Money Safe at InvestmentsGlobal?
No. Without proper monitoring and funds protection measures, none of the funds are safe here.
What Is The Minimum Deposit at InvestmentsGlobal?
The minimum deposit requirement matches the industry average and starts at $250.