InvestTeck (Investteck.com) is a CFDs and Forex broker who is scamming unsuspecting investors who sign up. Invest Teck is offering anyone who signs up Forex, stocks, commodities, indices, and Crypto Currencies. With this in mind, we have received complaints from Jessica Courtney who has lost $50, 000 with this broker. That’s why we decided to conduct a discreet investigation to know what was wrong with INVESTTECK. Here’s the whole truth!
A scammer’s intention is always to have as many people to sign up before going under. That’s what Invest Teck is going for with their bogus Forex platform. What these scammers are doing is unforgivable and should they should be exposed. InvestTeck is making empty claims and promises which newbie investors are easily falling for. This review is meant to open your eyes as to what’s really going on with Invest Teck.
What newbie traders don’t know is that scammers create a product and service that easily impresses. Take for instance the claims that Investteck is offering to traders. Users are promised to trade with over 1000 global assets as well as fixed low spreads. Promises such as premium webinar services and having a trading trainer can be seen here. Are all these claims and promises true? Read this review to find out more!
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According to the information given in our About us page, this broker is owned by GreenRiver OU. Information provided suggests that this company is registered in Estonia. It should be noted that scammers will say or do anything to make their product appear legit. Concerns regarding ownership of this company include the fact that they want to appear EU certified. There are red flags that were raised regarding ownership.
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How comes that they fail to mention the people behind this brokerage firm? If you haven’t noticed, there’s no mention of a single name of anyone who is affiliated with InvestTeck. Who is the CEO or CFO of GreenRiver OU? It’s clear that this broker wants to keep their real identity hidden from users. A good reason why they hide their identity is fear of facing backlash from authorities and victims.
To the best of our knowledge, this broker is not licensed or registered anywhere on the face of the planet. And this poses a real danger to anyone who signs up since they will not be protected by laws set. It means that Invest Teck is not compliant with set industry rules and regulations. Make sure to avoid signing up with rogue brokers because you will be considered an accomplice to online fraud practices.
Where are their credentials if indeed they have been registered by any Financial regulatory authority? Lack of these documents suggests that we are dealing with an unauthorized Forex broker. Problem with broker is that users cannot be protected by authorities if the broker decides to close shop. And that’s the biggest red flag that we noticed with InvestTeck, lack of proper regulation. Stay away from this broker and don’t sign up with them.
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According to their platform page, this broker offers two types of platforms. Desktop and mobile platform are the devices members use to trade with this broker. For a platform to be considered fully functional, it must be compatible to all devices. What we did to test their platform was try and download it with our devices. Compatibility is an issue with their platform since download stalled at 51%.
Unstable platforms are a huge scare to any investor who signs up with such a service provider. These platforms leave users vulnerable to cyber-attacks. Hackers have found that unstable platforms are easy breeding ground for data theft. These hackers will steal credit card and personal information thanks to unstable platforms.
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InvestTeck is offering investors five types of accounts to choose from. These accounts include Basic, Silver, Gold, Platinum, and Diamond accounts. With Basic account, users are required to make a deposit of $250 to start trading.
Other account holders must deposit a minimum of $5,000, $50,000, $100,000, and $500, 000 respectively. Problem with these accounts is that they almost have the same advantages. Why would anyone deposit over $500,000 and get the same advantages as $50,000 depositor? That’s one of the disadvantages of some of these accounts. Accounts managers also differ with the type of account a user chooses.
Funds are never safe with a broker who isn’t licensed or regulated. In order to attest to this, check all the comments floating around the internet regarding Investteck. What’s more disturbing is that security of funds is not guaranteed. This broker does not segregate accounts which mean they are pooling funds in one account.
Did you know that users maybe depositing money straight to the owner’s personal account? Reason we are saying this is that this broker fails to mention their depository bank partner. Which bank do they use to deposit funds sent by users? Folks, this is another red flag that we spotted with Invest Teck. Finally, this broker does not participate in a compensatory scheme, that’s why Jessica hasn’t been compensated.
When it comes to depositing funds, this broker has got this area well covered. As expected, these scammers will make sure that investors have all channels for depositing easily available. They have used Visa, MasterCard, Skrill, Neteller, Wire Transfer and others as depository channels. Don’t sign up with this broker simply because they have options for depositing. There’s more than meets the eye with their plan.
Withdrawing funds is the major issue with this broker. Why would a broker refuse members to withdraw their hard earned money? It’s simply because this is a pyramid scheme. This broker claims that users haven’t reached the required trading volume to warrant withdrawal. Such a load of crap!
Evidence clearly shows that we are dealing with a professional scam outfit that is ripping online investors. Best thing to do is to stay away from this broker and never sign up with them. Mark all their emails as Spam and never click on any link sent by their email marketing team. Any calls from videos to sign up or people who claim to win are all false. This broker has also hired actors to try and sell their false services.
Concrete evidence leaves us with only one option, to add this broker to our scam blacklist. Make sure you warn your friends and relatives from signing up with Invest Teck. Don’t be another victim of their con, stay away from InvestTeck at once.
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Finally, we wish you all the best in your Forex trading experience.
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