Sureinvest is an SVG-based broker with a few warning signs that can be detected right from the start.
Making an account at first seems quick and easy but the email sent for you to verify it is either never getting to you or cannot be opened because of your email provider warning you about its content.
The second detail is the lack of company info and the SVG address. Brokers based in this offshore area are infamous for scamming tendencies.
Along with all the warning signs found on the site, there’s an official warning published by the Italian regulator- CONSOB:
|Address||The Financial Services Centre, Stoney Ground, Kingstown, St. Vincent, and the Grenadines|
Regulations for Sureinvest and the Safety of Funds
Saint Vincent and the Grenadines is unfortunately known as a safe harbor for scammers due to their jurisdictional regulator not authorizing or supervising brokerage activities.
Since Sureinvest isn’t regulated in SVG, we made an effort to check if perhaps some other financial authority has licensed them. Looking through the registers of FCA, CNMV, BaFin, AMF, CFTC, ASIC, and CySEC provided no results.
However, when searching through the CONSOB website, we found a warning issued against this broker. When a regulator blacklists a broker, it’s definite proof of them being phony.
EU regulators only license brokerage firms that can meet the strict criteria. This includes segregated bank accounts, compensation schemes, enhanced customer protection protocols, and measures taken to reduce the risk of investments being lost.
Brokerage companies offering services in EEA have to comply with MiFID to ensure transparency and that anti-money laundering strategies are implemented.
Operating outside all legal frameworks makes Sureinvest highly risky and dangerous, so think well before making any move with this broker!
Trading Platform That Sureinvest Supported
Sureinvest assures its clients they’re up for a unique trading experience with a user-friendly and ultra-fast web-based platform. Supposedly everything is made easier when no download is necessary to access the software.
The simplified platform is rid of any advanced features necessary to build up your trading strategy and accomplish your investment goals. Showing you a trading terminal with questionable functionality just for the sake of seeming like a legit broker is all Sureinvest does.
You won’t get to trade hundreds of instruments of choice with exceptional trading conditions. The only way to actually do some profitable trading is by turning to a regulated broker with an award-winning platform like MetaTrader 4 or MetaTrader 5.
Sureinvest Funding Options
Opening the Standart account, which is the cheapest option at Sureinvest, would cost you $250. Not that this is an overly high deposit needed, but plenty of regulated brokers allow you to trade with far less.
They claim to have several funding methods available like Visa, MasterCard, and E-wallets. It wouldn’t be a surprise if only crypto depositing is actually available, as a preferred method by every scammer.
Except for the fact that withdrawals may be charged and bonuses come with trading volume requirements, you won’t be able to find out much else on that subject.
Accounts inactive for more than 6 months will be charged a %10 monthly fee for inactivity.
How Does the Scam Carry Out
Sureinvest is one of the scammers that base their work on shiny promises and attractive offers. All features supposedly designed to be beneficiary for traders are a big charade.
You will only pay a hefty sum for the services you will not get. Except for the illusion of trading being done. That’s provided by the trading software being manipulated to look like it’s working in your favor.
Attempting a withdrawal is when the real nightmare starts. Endless prolonging, additional fees and charges, documents needed and trading volume requirements will make you lose your mind.
So invest safely, rather than risk losing it all to an unscrupulous scammer.
Forex Brokers Highly Suggested
If we were to compare the trading conditions and the level of transparency between a newly registered scam broker and a legitimate company, the difference would be painfully obvious.
Fully regulated and licensed online brokerage sites are offering every possible detail about all the trading conditions and their company info. Multi-asset brokers allow you to trade numerous instruments on all global markets with profitable conditions.
With leverage restriction and reduced risk of loss, you will not lose more than you have invested. Your funds are secured and protected from being misused.
Some of the brokers we deem worthy of your attention are listed in the table below:
|FXTM Broker||Cyprus, UK, Mauritius||4.5||$10||Forextime.Com|
|OctaFX Broker||Cyprus, SVG||4.4||$100||OctaFX.Com|
|FP Markets Broker||Australia, Cyprus||4.7||$100||FpMarkets.Com|
|XM Broker||Cyprus, Belize, Australia||4.7||$5||XM.Com|
|HFM HF Markets Broker||Cyprus, UK, South Africa, UAE, Kenya||4.3||$5||HFM.Com|
|FBS Broker||Cyprus, Belize, Marshall Islands||4.85||$100||FBS.Com|
All online trading scams operate with the goal of defrauding you and under the pretense of being legit. Financial market regulators and cyber security experts warn about the phonies disguising themselves as licensed brokers. The level of risk you take when you decide to deal with such a company is huge.
Acting fact in case you’ve been a victim of cyber theft can be a determining factor in the process of getting your funds back. The only trustworthy partners in that can be government agencies and the police.
Do not trust recovery agents calling and offering pricey services as they’re just another screw in the big machinery that online trading scam is.
FAQs About Sureinvest Broker
Is Sureinvest a Regulated Broker?
Sureinvest is not a regulated broker as it does not own a license issued by any regulatory entity.
What Is the Minimum Deposit at Sureinvest?
The minimum deposit required at Sureinvest is $250.
What Account Types are Available at Sureinvest?
Account types offered at Sureinvest are Standart, Standart Pro, Ultra, VIP, and Crypto.