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Forexinvest-traders is another crypto mining, crypto trading, and forex scam, and our Forexinvest-traders.com review will expose it. Our Forex Invest Traders review exposes the rot immediately after signing up and depositing funds.
Those who have invested with the broker have difficulty withdrawing funds. The broker decided to shut down their accounts and gave no reason. Here’s what we found out in our clear FOREXINVEST-TRADERS REVIEW.
PS: For those looking for credible crypto investments, consider Coin staking, DeFi, and Masternoding.
The broker claims to be knowledgeable in making benefits higher. If that’s the case, the valid crypto and forex community hasn’t heard of the broker. Forexinvest-traders claims to be an investment company that helps generate wealth.
Woe unto you who decided to invest with the platform. All the broker does is plunder your wealth. No investor has had the chance to see what it’s like to benefit from the broker. And none will as forex invest traders is another exit scam.
Despite claiming to be a passionate broker, it remains to be seen. Over the past few weeks, the broker has faced dozens of complaints. Top among them is withdrawal issues. We couldn’t get the broker to comment on these issues.
Despite claiming to offer an MT5 trading terminal, the broker fails to offer it. What you get is a custom-built trading platform not close to MT5. The best trading platforms in the world offer advanced trading solutions.
The member dashboard of their platform is terrible, with slow execution speeds. With a luckster trading platform, assets change rapidly. Once you refresh the page, the platform changes position, making it hard to find certain crypto assets.
Talking about assets, the platform offers five classes of assets. These include commodities, crypto, forex, indices, and stocks. The unstable trading platform will likely lead most investors to the pit.
There are three account types to choose from. These accounts promise something different to each class of traders. The accounts include Starter, Silver, and Gold-Pro. What we see are vesting accounts and not trading accounts.
Let’s take a closer look at each account;
Starter
It’s the most basic account that the broker claims is best suited for beginner investors. The minimum acceptable deposit is $100, and $500 is the maximum. There’s a seven-day vesting period.
Silver
For silver account holders, the minimum you can invest is $2,000 and a maximum of $5,000. It also has the same vesting period with a promise of getting a principal back maturity.
Gold-Pro
It’s the most exclusive account of them all. There’s a minimum deposit of $1,500. There’s no maximum deposit as the broker insists the deposit value is unlimited. Expect the same 7-day vesting period.
What astonishes us with these accounts is that none of them is about trading. You would expect the broker to offer trading accounts with leverage and spreads. We don’t know the leverage and spreads set by the broker.
From what we’ve seen from the member dashboard, the platform sets leverage of 1:500. It’s not in line with the set regulator’s leverage of 1:100. We also don’t know whether these are fixed or variable spreads.
In terms of the vesting period, now that’s a stretch. The broker guarantees profit within seven days. These are the get-rich-quick schemes we expose to our readers. The minimum vesting period in cryptocurrency is around three to four months.
To try and get more users, the broker offers an affiliate program. The broker promises a 15 percent commission on all deposits made by the referred party. That seems like a perfect way to earn passive income.
You need to know the risks of partnering with the platform. You won’t get any commissions as the broker intends to take advantage of your connections. Affiliates also face the blame for directing family and friends to a scam.
As a trader, you must avoid brokers offering high bonuses and claiming to increase your profit overnight. These brokers have something hidden up their sleeves. The bonuses are an incentive to make you deposit high amounts.
We have seen such cases in the past. Those who sign up will likely fail to offer much productivity. Go for platforms that highlight the serious aspect of trading. You need a broker willing to protect your interest at all times.
Thanks to the complaints and withdrawal issue, the broker is lowly rated. We also rate the broker 1/10 because the platform lacks accountability and transparency. There’s no actual trading taking place.
Don’t expect the broker to call you after you deposit funds; before then, they call members. The calls usually praise the platform and how it helps generate high profits. After the member deposits funds, the broker goes silent.
You will notice the platform fails to have a valid 24/7 support structure. All members get is a message board to leave their messages and expect a response. Those who send withdrawal requests give the broker the alert to start blocking withdrawals.
There are several deposit and withdrawal channels listed on the member dashboard. The platform offers several deposit channels, including bank and wire transfers. After depositing funds, the amount reflects on the member dashboard after 48 hours.
Withdrawing funds from the broker remains the biggest challenge facing members. No member has had the chance to withdraw funds for the past few weeks. And we have to expose the broker for failing to allow a member’s right.
The platform doesn’t offer negative balance protection of any kind. Every trader should know that negative balance protection is their right. Avoid brokers who don’t offer such as they usually have a hidden agenda.
Forexinvest-traders is by far an unregulated trading platform. No regulator gave the broker the green light to operate. The broker also fails to upload documents to suggest compliance of any kind.
Ensure you trade with a licensed broker who complies with set regulators. Check with the regulator in your jurisdiction to confirm. Some reputable regulators include ASIC, CySEC, FCA, and the SEC.
Opening an account with the broker is another issue. We noticed the broker asks for vital documents as part of the verification process. We don’t understand why the broker would ask for such documents.
Most brokers and trading platforms use a two-factor authentication process to verify clients. We suspect the broker wants to sell your banking information to third parties. Why would the broker need your bank statement, credit card details, and ID?
The broker lets investors sign up and choose any of the listed accounts. After the vesting period, the broker will send an email claiming your account is under review. To process faster withdrawals, you must sign up with the next tier.
Once you deposit to start using the next tier, the broker deletes your account credentials.
Forex invest traders is a scam; avoid them.
NOTE: Choose expert-backed crypto investment options.
Feel free to drop a comment or email us.
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