Beware! Inovestment is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
Inovestment is a would be forex broker that offers a slick website, but that does not make it professional. The broker provides the Activ8 trader that gives us a EUR/USD cost of trade of 3 pips which is a clear reminder of the broker’s offshore status. We got a leverage of 1:100 on the trading platform, while the broker claims to offer a leverage as high as 1:500.
INOVESTMENT REGULATION AND SAFETY OF FUNDS
The parent company of the broker, Domus Partners, is said to be registered in the small island nation of St. Vincent and the Grenadines, which is the ideal location for illicit brokers, since the country does not regulates the forex market. This means that any would-be broker can register there without issue and start offering shady trading services, while twisting the rules, much like Inovestment has done. Furthermore, it does not say that the broker is actually a hold of any sort of license, which again staples Inovestment as an UNREGULATED broker. Without a regulation users should be aware that the safety of their funds might not be the priority of the broker, since there are no rules by which Inovestment should abide by.
Traders should be trading with risk-free brokers, that hold licensed from renowned and austere agencies, like the FCA or CySec , which have made a name for themselves as some of the top regulators. Readers should be aware that both agencies have adapted very strict rules of conduct, and their licensing framework guarantees safety and security for all clientele. A good example of this is the segregation of accounts which assures that client money and broker money are kept in separate accounts. Furthermore, FCA/CySEC brokers participate in a financial reimbursement scheme that cover traders losses in case the broker becomes insolvent.
The FCA provides up to 85 000 pounds per person, while CySEC guarantees up to 20 000 euros.
INOVESTMENT REGULATION AND SAFETY OF FUNDS
We were able to open what seemed like a live account on the Activ8 trading platform, which is never a good sign, since all legitimate forex brokers require many id documentations before opening a live account. Activ8 is actually quite decent, even thought it does not compare to the MT4. Activ8 offers an interesting approach to the trading terminal principle by giving each individual asset a small tab, quite a useful tool. Trader can even copy trading strategies and pending orders. Yet the platform is directed at more novice traders since it lacks the complicated and professional nature of the MT4.
We got a 3 pip spread for the EUR/USD currency pair. This cost of trade is twice the industry average, meaning that it is in favor exclusively for the broker. The leverage on the platform was capped at 1:100 The platform gave us access to Forex Pairs, Crypto, Commodities, Indices and Stocks.
INOVESTMENT DEPOSIT/WITHDRAWAL METHODS AND FEES
The minimum deposit according to the client area is $10. The deposit and withdrawal methods on the portal are Wire Transfer and Credit/Debit Cards.
The broker mentions some sort of processing and handling fees: $50 for wire transfer; $35 for credit cards. Furthermore, a 10% charge will be lifted from any withdrawal amount if the trader has not executed a more than 200 in turnover (trading volume requirement). Similarly, bonuses cannot be withdrawn unless that trader has completed a trading volume requirement of 25 the deposit+bonus.
We strongly advice traders to only deposit the minimum deposit, or better yet- not deposit at all! As for the withdrawals, scammers are known to either deny such requests, or impose incoming and unexpected charges.
How does the scam work?
The most common type of scamming is in fact a very simple scheme that involves multiple level of commitment from both the victim and the fraudulent broker. In the following section we will dive into the individual elements that make up this scenario.
Users of the net will be lured or intrigued by the countless ads that float around the internet, mostly on popular websites such as social media hubs. These ads promise fast money, and are accompanied either by images of luxury or made up testimonials. Clicking on them redirects users to a so called robo-scam website such as xxx or xxx, where a simple registration process will require from you a telephone number and email address. We assure traders, that once these details have been shared, they will shortly get a call from the broker or brokers, on whose ad you just “stumbled”; this is when the game begins. The voice on the other end of the line will urge you to deposit in their broker some $250 (approximately), by reassuring you of the possibilities of profit, and the like.
Should you deposit, the initial scammer has just earned a hefty commission from this deposit. Now it’s time for the senior scammer to talk you into depositing more, by claiming that the only way to increase profits is to deposit more and larger sums. These second level frauds are great talkers, charismatic and influential, twisting their lies to sound like the absolute truth.
At some point or another, the trader will inevitably start suspecting something, and will want to withdrawal his/her funds.
At this point, the con artists will delay the withdrawal process by persuading you to wait, or by referring to their legal documents that cover specific withdrawal clauses- excuses vary from broker to broker This delaying process is crucial to them, for trader have a limited time to file for a chargeback with their respective bank. Once the chargeback time frame runs out, traders will have lost their money for ever.
What to do if scammed?
VISA and MasterCard users will be happy to know that have extended their charge back request period to 540 days for when online scams occur. In case a chargeback is unavailable for some reason, the next immediate route is to cancel your credit card ASAP.
Those of you who deposited using VISA and MasterCard wil be glad to know that both companies have extended their chargeback time span to 540 days, especially if the reason for it is an online scam.
If any bank details have been shared, like banking pass or security code, traders should be aware that scammer will most certainly attempt to drain your account. In such a case, immediately block the account or change the password.
We also urge users to be very careful with the so called “recovery agents” that promise to recover lost money from unlicensed broker. They charge a fee for their alleged services, and will unquestionably not recover any previous deposit, basically scamming you a second time.
Ana
Inovestments, no me devuelven mi dinero, por que??? Llevo reclamándolo desde hace tiempo y no me lo devuelven, son unos Ladrones o estafadores??? Si no lo son devuélvanme mi dinero.
Inovestments, they don’t give me my money back, why ??? Have I been claiming it for a long time and I am not returned, son thieves or scammers? If they are not, give me back my money.
Isabelle
been frauded by Alex Parker of inovestments 18000$ canadian. The 15 January 2020 he suposed refund me 1759.07$ usd, he said is difficult to explain on phone to add Anydesk on my computer and he do it for me. I let him do it, he goes on jubiter (a other scamer), he said he refund me all the fees from my credit card too, he putt 1811$ euro, he make the transaction and he said my money will be back on my credit card in a few minutes. he close the phone. I go directly see my credit card, he not refund me he take 2700$ more on my credit card, I call visa right the way and explain what happend. At the same time I text him on WhatsApp and he told me to do nothing until he fix the situation. My credit card said waiting a week he fix the situation and not worries I protected. The 16 January, I text Alex again to have my money back, he said he take care of it, he asked to add Anydesk againt cause he know now how to do it. He goes on a other plateforme (pay biss simplex) he said I need to open a other account. He said the other one he using the 15 is not the good one to make refund. He send me back my identity card in my email cause he have them all ready and he open the account for me and take a other 5000 euro on my credit card and try a other 5500 euro. I doing customers order at that time but when I am be back I saw that I text him and he said not worries if pay biss not refund me he not let it this situation going like that, anydesk are not close, he came back in my computer and he try a other 3990 usd cause that the total of my refund, but he not refund me he stole a other 3990 usd on my credit card. he said he have a meating, he talk to me after. I saw something going wrong, I saw the live chat for simplex, I texted the person in charge, I explain Alex from inovestments try to refund me but they just take off my money from my credit card. Helen said that plateforme is just to buy bitcoin, not refund money, all the transaction are irreversible to be carefull of what I am doing. I told her is not me, he take control of my computer and he did that. She cancel the 5500 euro and refund the 3990 usd and give me excuse for my lost of 5000 euro. I take picture of that conversation and send to him on whatsapp, he answering if I am serius to told her that, I put him in a huge problem, my money will be refund is just a mistake. I call my credit card immediatly to advise them, (alex never answering me until the 17 january). My credit card said I am involved of that and my chance to have my money back is small. They asking me to made a letter for the defraud departement. I put my laywer, my computer guy, and more on the case. We finale found whit gigadata (provider on $$ he receive) the email he using to transfert my money in bitcoin denzel.mann2012@ outlook.com and the adress where he send all the bitcoin (my money) he send that to 10 others wallets on Blockchain Hachage
7a45c6f6481b06018ce9b85669f57dbd14ff78b33afab461acbb28f04412cbbb
Date
2020-01-16 10:30
De
175xKXTfcLiXgX7XqxLCaskBzW4Qs3nWAM
11 901,64 $US
bc1q4c5hyu6f0v3h5p8eflqmgc5cag0v65u2spf923
2 643,84 $US
À
12d3axMf4WPzYt1jWAh21XzRBjQgxtDxoD
4 978,26 $US
1M8xX2uPSmRefNb5qvYB5NUU3nCCtvQvpm
2 056,77 $US
3MVJu1KBCm4Pj9ttRZu6uqNHfDctzUYntc
246,14 $US
1LJAxE8Y1eraiLDiP5p21RyjNqtLwDRQiV
160,95 $US
1LQYL6CVL1A3j7ouTX9yiJkaZWDaTAYeMX
2 109,93 $US
16ppyURRDW6udcVUyqdQETaEyxPD3otUWr
400,05 $US
1FCPv5djfejApf1MkKWeBadv7ACUFAXnUz
38,76 $US
3HdcJhuLhtBx3Aoc7PqtHLX8P5hPsYht4C
1 039,11 $US
1KV7pSf1kws8QDbi9sBj8EPFt7oX9P9X9d
861,35 $US
3MUKFxmhmpUjJZeUQWs73pPZ3NityAeYeH
38,03 $US
3B3ZTeDwa3uXkUXN6mkU4QqLnJ9HAkB4W5
100,75 $US
175xKXTfcLiXgX7XqxLCaskBzW4Qs3nWAM
2 514,01 $US
that the guy open the website frzvpn@ protonmail.com Organisation
Domus Partners Ltd Owner Nikolay Kunev Kolev
I send him what we found, at 6 am he answering to me, he said is just a mistake, I accting like a child, stop to be like that othewise he will block me and reporting me to the cops, my money are not lost I need to wait a week, he know how much hard I work for my money, he know I am a good person and he never hurting me. I said ok if you not frauded me why he send my money in to 10 differents bitcoin wallets ? He said he just want to help and stop to be like that. Until the 17 january he block me and block my account, I could see the total sometime none, and I can’t open the active 8 (this morning yes , he playing whit me, he block from every where. I have all the screenshot of the conversation of everything. Yesterday I repport him at the police, I saw 1 of the adress (bitcoin wallets) send over 50 000$ of bitcoin the 18 january, I send this to the coops to. Today I will sending all the infos I had on them to the GRC and Interpol, they need to be stop and pay for that. I am not stopping there, I will advise all the tv news facebook all the gouvernement until the whit house. I saw they have so many website like this. All the trading website is a scam, NEVER TRUST THEM, when they have our ID they retail it on the black market, I start to receive scam phone call. If you have money whit them you lost it, report that to the cops immediatly block you credit card, if they said the return the money, they could do a refund on your credit card but not taking more on it, after send that to Interpol and gouvernement QUICK. Call you ID departement to change your number on your identification card. We need to found does bad person and they need to paid of what they doing (some person killed them self for that cause they lost a lot) They destroy our life. Over 15 million are frauding by them. Do not ask to mychargeback or a other place like this to helping you cause they are in the game like xchangepro and jubiter, You are not alone and is possible to do something NEVER DO WIRE TRANSFERT CREDIT CARD ONLY like this you having a chance to have your money back. I never stop to running after them. NEVER TRUST THEM… We could report all does website directly abuse@ namecheap.com abuse@ amazon.com and more look on whois.domaintools .com/inovestments.com
if you are not sure of the website look whois.domaintools.com and write the name of the domain and report abuse they will close it. If I could helping someone let me know. They come from Cyprus and Bulgarie.
mathias
Hallo Isabelle,
ich kann und möchte es nicht glauben….. 🙁
aber ich habe dort auch investiert.
ich soll diese woche mehr investieren..
was kann ich tun ? hast du eine idee
liebe grüße mathias
Nathan
Hello Alex can you send me an email let’s all organize to get back our money
Joharwina Bonafasia
I have veen in the same situation as you…they took 5000euro
Lukasz
Hello guys. Same problem, i lost more then 8000.
Roger
Inovestment, Martin Kostas, Sara Johnson and Andy Millner are all thieves. If they was living in the Wild West they had all been guned down long time ago.