Table of contents
RedPineInvest.com lies its way through the hearts of users, and manipulates them to the point where they will be glad to give it money. The main reason for this to occur is that the regulatory information is so well presented, and only a trained eye can notice the subtle but monumental issues. There are, of course, the other typical signs that the broker is not legit, all of which have been disclosed in the review.
Redpine Capital Invest Limited is allegedly regulated by CySEC. Searching CySEC's registry, we found one Redpine Capital Limited (without the “invest”) which offers legit services under a different URL. The broker has expertly hidden itself, but the truth lays in the details. So, there is no CySEC license being held by the broker. These minutiae details will escape many novice traders who will surely trust RedPineInvest.com with the false information.
Furthermore, the broker is supposedly part of a group of brokers with main company being IOS Investments Limited, regulated in Belize by the IFSC. We did find IOS Investments Limited on the site of the regulator, but it was the same story as with the CySEC registration, where the broker had stolen the regulatory details. In other word, RedPineInvest.com is not regulated or affiliated to the IFSC in any way.
One last thing: there is an official warning by FINMA – the Swiss Financial Market Supervisory Authority – which once and for all cements this broker as an unregulated entity and a risk to all. FINMA is perhaps the most austere of all regulators in the world, and there is no fault in its judgement.
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 regulated by trustworthy organizations like the FCA or CySEC. These entities work closely with the law, enforce it when called for, and have strict requirements for those under their gaze. Not to mention that those under their jurisdiction are members of compensation funds that cover victimized clients’ losses of up to £85 000 (FCA) and €20 000 (CySEC).
There was no way to register; we found no way to an account creation tool.
website: stocks, commodities, forex currency pairs, and indices. no spread details third party charts on the site, no leverage details,
The simple truth is that without a registration, there is no access to a trading software. But with scammer brokers there's always more.
The thing is that we cannot be sure that a platform exists either because the website provides nothing in terms of information on a software.
Perhaps registered users will be granted access to a web trader, although there is no telling whether this assumption will come true or not. It seems for now that RedPineInvest.com has no platform.
REDPINEINVEST.COM MINIMUM DEPOSIT
Unfortunately there is no information on deposits. Not that we would have recommended making one in the first place.
RedPineInvest.com's decision not to disclose any such details mean that it has something to hide. In most cases, scammer firms usually hide the not so dramatic secret that payments happen by way of cryptocurrencies. The catch here is that crypto investments are untraceable!
DON’T PROVIDE YOUR CREDIT CARD CVV CODE
The CVV code is the one thing that separates a buyer from a product. Without it, one cannot complete a purchase, even if him/her has given all other necessary information. By giving this detail to someone else, you are essentially inviting them to use your funds for their own means. And be warned that unregulated brokers most certainly plan to do so.
DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER
Be sure to never give AnyDesk or TeamViewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, oftentimes for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account(s) and personal information. However, in order to do so your consent is needed, and this is the only thing standing in the scammers’ way.
REDPINEINVEST.COM WITHDRAW TIME AND FEES
We never expected to get any withdrawal details out of the broker, and we never did. Considering that there are no depositing methods available, one can not expect there to be any withdrawal ones.
But the issue is much more fundamental. It's that RedPineInvest.com has not even though of the user, many of which will most likely want to know about withdrawals. By not including the information, RedPineInvest.com is basically shutting off many users. It is playing a bad trick on itself.
Moreover, unlicensed brokers rarely if ever allow for withdrawals to happen, and so even if we knew the payment conditions there would still be no guarantee that users will be getting their money back.
Beware, once more, when giving away an ID and a proof of address. Trustworthy brokers ask for these before traders can deposit to make a check up. Deceitful ones will ask for these details, using the anti-money laundering legislation as pretext, once you start asking too many questions and are getting suspicious of their activities. Understand that they will use these to build a stronger case against you in the event that you request a chargeback.
Yet again we urge readers to stay away from this broker as it will, without a doubt, never return your funds and profits. If you wish to to get smooth and efficient transactions, please visit a FCA/CySEC regulated broker, where all withdrawals are handled with care and respect.
HOW TO RECOVER
The most sound advice we could give you is to immediately file for a chargeback with you credit card company.
If you have given away your credit card details including the CVV code to the “broker” you should cancel it ASAP and check with your bank to see the damage inflicted.
Also, beware of self proclaimed “recovery” agencies or agents. These cheeky scammers promise to fix your problem and restore the lost funds. They offer their services in exchange of a small sum from your end, after which you won’t ever hear from them again.
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!
We understand that RedPineInvest.com may look tempting. But try to look past all the allure, and focus on the core of the broker. This firm is a scam, and will steal your money. Do not trust it with anything!
RedPineInvest.com compared to other brands
United Kingdom, Cyprus, South Africa, Mauritius
Cyprus, Saint Vincent and the Grenadines