Is InvestCM Legit or a Scam?
Yes, InvestCM is not a scam broker. InvestCM’s polished website and promises of high returns might lure novice traders, but beneath the sheen lies a web of red flags and mounting accusations of a scam. Before risking your hard-earned money, delve into this comprehensive InvestCM review and uncover the truth behind this broker.
What is InvestCM?
InvestCM presents itself as a leading online forex and CFD broker, boasting cutting-edge trading platforms, educational resources, and personalized support. However, its murky regulatory status and hidden fees raise serious doubts about its legitimacy.
InvestCM Details
Regulated by: | Unregulated Forex Broker |
Is This Company Safe? | No, unlicensed companies are a threat to your funds! |
Known Websites: | investcm.com |
Have Warnings from: | FCA |
Registered in: | Switzerland (alleged) |
Operating since: | 09.08.2023. |
Trading Platforms: | MT5 |
Maximum Leverage: | 1:50 |
Minimum Deposit: | $250 |
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. |
InvestCM offers various deposit methods, including credit cards, wire transfers, and e-wallets. However, withdrawal processing times are shrouded in mystery, with user reports of long delays and unexplained rejections. Additionally, hidden fees and exorbitant processing charges can significantly eat into your profits.
Account Types
InvestCM touts several account types, each with varying minimum deposits and features. However, the fine print reveals restrictions and limitations, effectively turning even the “premium” accounts into vehicles for draining funds through spreads, commissions, and inactivity fees.
Red Flags and Warning Signs
Several glaring red flags should send alarm bells ringing for any potential InvestCM investor:
- Unverifiable Regulation: Despite claims of CySEC and FCA licenses, verification attempts lead to dead ends or discrepancies. This lack of transparency is a hallmark of scam brokers.
- Negative Reviews and Complaints: A plethora of online complaints detail difficulties withdrawing funds, unresponsive customer support, and manipulation of trading platforms.
- Hidden Fees and Charges: InvestCM’s website conveniently omits details about exorbitant withdrawal fees, inactivity charges, and wide spreads that eat into profits.
- Unrealistic Profit Promises: Guarantees of high returns or “get rich quick” schemes are classic signs of scam brokers targeting desperate investors.
Customer Complaints and Negative Reviews
A quick search online reveals a mountain of negative reviews and complaints against InvestCM. Common grievances include:
- Impossibly difficult withdrawal process: Users report being bombarded with verification requests, delays, and unexplained rejections when attempting to withdraw funds.
- No response from customer support: Emails and phone calls go unanswered, leaving investors stranded and frustrated.
- Manipulation of trading platforms: Allegations abound of manipulated spreads, stop-loss hunting, and price discrepancies that benefit the broker at the expense of the trader.
Got Scammed by InvestCM? We Help Victims!
If you’ve fallen victim to InvestCM’s deceptive practices, you’re not alone. Several organizations and resources can help you recover your losses and seek legal recourse. Remember, acting quickly is crucial, so don’t hesitate to reach out for assistance.
In conclusion, InvestCM’s alluring facade crumbles under closer scrutiny. The overwhelming evidence of red flags, regulatory ambiguity, and customer complaints paints a clear picture: InvestCM is not a safe or legitimate broker. Protect your hard-earned money and steer clear of this potential scam. Choose a reputable and transparent broker instead, and trade with confidence. You can submit your case through our form.
