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We immediately sniffed out Investus.FM for the broker it really is. If you haven’t guessed at what we’re getting at, read on to find out.
Shady brokers are typically very unclear if they hold a proper license. This one checks the box on that. The only hint we get of a possibility of a regulation is an address that locates the firm in Estonia. However, the name of the firm mentioned in the T/C does not coincide with the broker name.
PayPeq Holdings is presumably the holding or the parent company of the broker.
Tallin is the capital of Estonia, a country known for its liberal laws, which in turn attract many suspicious brokerage firms. For financial activities and capital markets trading Finantsinspektsioonacts (FI) acts as a regulatory entity, with all regulated companies being officially included in an online register. Thus we must assume that Investus or PayPeq Holdings are in this register. Well, after personally searching the database of the license issuer we could not find neither of two names. This leads us to believe that Investus is UNREGULATED and is a risk to all those that invest in it.
Investing in unregulated brokers is the digital equivalent of throwing your money away for the wind to disperse it. It’s obvious that no one would do such a thing. Go with brokers that are actually regulated by the FCA, and have the ability and will to prove it. The FCA makes sure that brokers work within the confines of the law, and requires regular detailed reports on brokers’ affairs. Brokers under the FCA are also apart of the FSCS, which allows for the reimbursement of up to £85 000 to clients who are victimized by the broker’s inability to pay its debts (due to bankruptcy, or any other similar cause).
As part of the EU, the leverage in all Estonian brokers is limited to 1:30 by ESMA. Here the broker gives us 1:300, a sign of the untrustworthy nature of the firm.
We cannot give a EUR/USD spread value, or any other trade of cost, for we had no access to the platform, because the verification email that is supposed to arrive, didn’t.
Furthermore, the trading assets that the broker claims to offer on its website might not coincide with the ones on the trading platform. These are Forex Pairs, Commodities, Indices, Cryptocurrencies, and undisclosed CFDs.
The website is can be translated into English, Arabic, Italian, Russian and Slovakian.
The only platform here is the MT4.
MT4 is abundant with great features that make it the powerhouse it is today. Expert Advisors, numerous order types, customizable charts and indicators, drag and drop chart and a plethora of other features MT4 defines the Forex market today. We didn’t get to take it for a spin her because we never got a confirmation email with all the details necessary for logging in.So a spread value is out of a question.
As for the leverage, the broker claims to be giving away one valued at 1:300 as seen on the personal dashboard.
The platform can be used on a browser, on a desktop, and on Android/Apple devices.
INVESTUS MINIMUM DEPOSIT
The minimum deposit is $2.
This can be seen as a deceptive opportunity for many, since a lower minimum attracts more investors.
The funding methods that we’re given as options on the personal dashboard are limited to Credit/Debit Card and AlphaExchange.
Don’t be tempted by the minimum deposit requirement; this broker is unlicensed and should not be trusted. If traders wish to trade in a safe and regulated environment, we recommend any broker that has a license from the FCA/CySEC since these agencies are renowned for their strict law enforcing and protection of clients’ investments and personal information. Not to mention that they offer more payment options without misleading the client.
DON’T PROVIDE YOUR CREDIT CARD CVV CODE
For safekeeping your money NEVER share your credit card number and CVV code with a salesperson. InvetTeck has purposefully left this significant detail out. All online payments require this 3 digit number in order to complete purchases or transactions, and by giving yours away to some offshore broker may lead only to the complete drainage of funds from your credit card.
DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER
Another novice mistake that has been numerously repeated and taken advantage of is providing access to your computer and bank account via AnyDesk or TeamViewer. These two softwares allow for others (in our case the people behind the shady brokerage) to log-in to your PC and flip through all files and browsers, essentially taking over your computer as another user and having access to your personal information like bank account passwords, credit card information etc. Thankfully, these platforms are completely legal and will need your own personal approval in order to be used.
INVESTUS WITHDRAWAL TIME AND FEES
There is no indication on a minimum withdrawal amount. Or at least we weren’t given one, because we hadn't deposited, something we advice against doing. It’s very common for shady brokers to conceal withdraw information… this is mainly because they have no intention of returning any money back to you.
The FAQ section claims that all withdrawal requests are processed within 3 working days. However the FAQs are riddled with inconsistencies, and for this reason we refrain from trusting them.
As for withdrawal fees, the only one we found mention of (in the T/Cs) is a 4% charge of every withdrawal amount.
ADDITIONAL FEES AND TAXES
Unregulated brokers do not care who you are and what your situation is; all they see is money, and they will trick you into giving it to them every chance they get. It is only logical then, that any attempt at withdrawing will be unsuccessful. The most popular excuses for denying your withdraw requests are usually smart and for the most part scripted. These include but are not limited to loopholes in the T/C, asking for more deposits in order to withdraw, or just prolonging your pending withdrawal by claiming that the market will suddenly propel, multiplying your winnings by unrealistic proportions.
We strictly advise against giving away an ID and proof address to unregulated brokers: they can be literally anyone with enough time and skill to mask themselves as a broker. Usually, these individuals use the anti-money laundering legislation as front for when traders start to get suspicious. Once this suspicion is confirmed and you file for a chargeback, they will use your details against you case.
We are positive that this so called broker will not return your funds; the evidence we have laid out before you work in sync against it. The sound thing to do is to direct your attention and investment to an FCA or CySEC licensed broker where the law is integrated in every aspect of their operations.
HOW TO RECOVER
Filing for a chargeback is the best advice we could give you. Immediately contact your bank or credit card company and lay out the circumstances.
Any details you might have shared with the broker, most notably the CVV code, are sure to be used against you, thus you should swiftly cancel your credit card ASAP.
At some point or another you might stumble upon a “recovery” agent or agency that promises to retrieve all your money back. This sounds all too good to be true, and that’s because it isn’t. Before proceeding with the recovery they will ask a payment for their services. If you chose to indulge them, they will disappear with the money without a hint of remorse.
The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!
Investus should be left alone to slowly dissipate. The only thing that traders will find here is frustration. Do yourself a favor and steer clear of this one.
Investus compared to other brands
United Kingdom, Cyprus, South Africa, Mauritius
Cyprus, Saint Vincent and the Grenadines