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Ejinvesting is a platform already on the crosshairs of the Financial Markets Authority. The company operating the platform, Halebore Ltd, was blocked last year. The company came up with a new trading platform to try and fool investors. Our ejinvesting.com review will help expose this scam. In addition, we will let you know the platform’s dirty secrets to block withdrawals. Here’s our candid EJINVESTING REVIEW.
There’s a made-up story of how the platform first appeared after world war two. The story started in 1948 when the supposed founder started the investment journey. Edward Jones is the supposed CEO of the platform.
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It was not until 2017 that the platform started gaining recognition, according to the story. Of course, we all know that this is fictional. A closer look at the domain records tells it all. The domain Ejinvesting.com is barely 71 days old as we publish this post.
With this fact, it’s clear the website went up on 7th June 2022. How the platform thought we would buy their story remains unknown. And that’s how you get to determine a platform’s transparency.
Ejinvesting is not a transparent platform. What else can they do if they can knowingly create a fictional story? There’s a valid reason why the Financial Markets Authority decided to warn investors.
For some time now, the company has been creating brokerage firms and blocking withdrawals. Soon, this platform will be the same as others. After getting their fill and this expose, the store will close its doors.
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Before you invest in any platform, it pays to research them. Try and find out the experience of other users before you. It will give you a clear picture of what to expect. In addition, it’s the safest way to protect yourself from brokerage scams.
There are five accounts to choose from. Ejinvesting furnishes members with Basic, Bronze, Silver, Gold, and Platinum. Each of these accounts offers a different set of features. You also get bonuses on each account.
Let’s take a closer look at each of these accounts;
Basic
Members have to make a minimum investment of $250 to $5,000. Traders make trades from $5 with live trading sessions and trading alerts available. Expert a bonus of up to 50 percent with this tier.
Bronze
Traders must deposit $5001 to $25,000 to get started with the basic account. After that, it has all the same features as the basic account. These include a customized platform and research websites. You also get bonuses of up to 70 percent.
Silver
Expect a minimum set deposit of $25,001 to a maximum of $100,000. Additional features from the first two accounts include email alerts and a personal coach. The bonus set with the silver account is 100 percent.
Gold
You must deposit a minimum of $100,001 to a maximum of $500,000 with the gold account. The platform promises a bonus of up to 120 percent. Other features found include a personal coach and a research website.
Platinum
It’s the most exclusive account, with investors having to deposit over half a million dollars. Trades start from $250, with members getting a bonus of $200 percent. You also get email and trading alerts.
We have to mention some of the glaring issues found on the platform. There’s no demo account to test any of the features. The platform also fails to quote the leverage and spreads available. And that’s one of the reasons why we have to expose it.
You would expect a trading platform to have these two features available. Not Ejinvesting, the platform hides the most critical aspect of trading. After opening an account, you see the changing leverage patterns.
For those new at trading, regulators insist on a maximum leverage of 1:100. In the United States, retail traders enjoy maximum leverage of 1:100. These are the key issues that make investing safely for all parties.
High leverage puts your trading position at risk. Only the platform gets to gain with commission earned from trading. Avoid such platforms as they will change leverage to suit the platform’s needs. Leverage should be fair to all parties.
The platform has to have one of the largest bonuses we have ever seen. And there’s a reason why regulators are against platforms that offer such. Regulators will warn investors from accepting bonuses and commissions.
In the past, such brokers held your account balance for ransom. This is after members accept the bonuses and commissions. Rogue brokers insist you pay back in full before getting access to funds.
Those who did pay back in total ended up being victims. These brokers would block your withdrawal and later delete your account login details. And that’s why regulators moved in to protect investors.
Although Halebore claims to be the parent company, no registration document is available. In addition, the company fails to provide any registry documents for members to view. That in itself shows a lack of transparency from the company.
Usually, companies upload their registration documents for all to see. Without them, we assume the broker and the parent company are anonymous. There’s no way for members to validate the two without such credentials.
And that makes Ejinvesting an anonymous investment platform. Those who have invested with the platform don’t have a way of recovering funds. Even recovery agents don’t have a clue on where to start.
Most clients seem to share the same story. Withdrawal is the biggest issue facing nearly all members. Some even claim harassment from staff members who call demanding more funds. That’s unacceptable.
The platform doesn’t even attempt to mitigate such issues. So we have to expose it for failing to have any positive reviews. A quick search of the platform will reveal what other independent websites view the platform. As a scam.
Don’t expect any contact or support from the store. The store fails to offer quick communication avenues. You won’t find live chat capabilities or fast email responses. The platform limits communication to emails.
One of the issues with written communication is speed. Members expect a response within 24 hours, especially with withdrawal queries. Unfortunately, that’s not the case, as the platform will try its best to avoid such.
The Financial Markets Authority blacklisted Ejinvesting’s parent company from offering liquidity to traders. And that’s a clear statement no one should engage with platforms owned by the company.
With such a warning, it means your funds are far from safe. Kindly check with regulators to confirm a platform’s compliance or warning status. A credible platform will follow a set legal framework.
There are several depository options listed as available on the platform. In addition, the platform avails bank and wire transfers. But, unfortunately, you won’t get to withdraw even a penny from the platform. That’s why we list the platform as a scam.
Please stay away from ejinvesting.com.
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