InvestMarkets Review – 5 things you should know about investmarkets.com

InvestMarkets Review – 5 things you should know about investmarkets.com

Rating: 1.9

Beware! InvestMarkets is an offshore broker! Your investment may be at risk.

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InvestMarkets if a forex broker trading in forex and CFDs which allows traders to profit from price movement via a contract between client and broker. CFDs involves a lot of risks as it is a highly speculative way of trading where high leverage and spreads that have to be paid to enter and exit positions can make it costly for the trader. The European Securities and Markets Authority (ESMA) has placed restrictions on CFDs and certain types of CFDs are banned in the US. So, is this broker reliable to trade in such a speculative way and can we trust it, we are about to find out.

InvestMarkets Regulation and safety of funds

We find out that InvestMarkets is operated by Arvis Capital Limited, Belize, which happens to be an offshore zone. We checked in the IFSC register and found the name of the company there which confirms its registration. One of the requirements set by IFSC is that in order to be licensed, forex brokers must provide $500,000 deposited in a bank in Belize. This high amount serves as a wall against scammers which is on the positive side. However, on the negative side, brokers from offshore zones do not contribute to compensation funds which means that if the broker goes bankrupt, the traders’ funds will be gone.

If you are looking for reliable and licensed brokers, we suggest that you research some of the forex brokers from the well-established jurisdictions of Australia, the US, the UK or the EU. In our opinion, the brokers from the jurisdictions of the UK and the EU offer the best conditions. First of all, to be licensed there, brokers must have an initial capital of no less than 730,000 EUR which among other things serves as a preventive measure against scammers. You can’t imagine scammers investing so much money in an attempt to look legit, do you? In addition to that, forex brokers regulated by CySec must contribute to a compensation fund from which, in case of bankruptcy, clients will be compensated up to 20,000 EUR per person. If, on the other hand, the broker is regulated by the FCA and contributes to the local Financial Services Compensation Scheme, then its clients will be compensated up to 85,000 GBP per person if the broker becomes insolvent.

InvestMarkets Trading software

Due to some broken links in the system, it was not possible to open an account the ‘normal’ way with registration, etc. However, when we clicked on the trading button, it took us to this web trader. As we mentioned above, the website offers trading in CFDs and this trader reflects exactly that (screenshot below). On the left, you see the forex currencies with their bid/ask price, next to them, you see a box with information about the currency pairs that is displayed in the chart. The box contains the trading volume, bid and ask price and also close at loss or close at profit options. In addition to that, we can see the spread for the currency pair EUR/USD which happens to be 0.3 pips, a rather low spread compared to 1.5 pips for the industry average. However, if you look in the image with the accounts information, you can see that for the same currency pair, the spread can go as high as 2.5 pips which is high and won’t allow traders to make a sustainable profit and will increase the cost of trading. If you remember, we mentioned that in CFDs transactions, the trader pays the cost of the spread to enter and exit the position.

On the far right side, as we mentioned is the chart with the price fluctuation of the same currency pair. We found out in the account types information, that the leverage offered for all accounts is 1:500. As we mentioned already, high leverage is typical for trading in CFDs. It exposes the trader to high risk of losing its funds if the transactions end in loss which is typical for 70% of the forex transactions. In the EU and the US, there is a cap on leverage to protect traders from experiencing heavy losses. Please compare the leverage that cannot exceed 1:30 in the EU and 1:50 in the US with the leverage offered by InvestMarkets. Please do not get tempted by high leverage and avoid brokers offering such highly speculative leverage.

 

 

Although on the company’s website it shows that this broker offers also the MetaTrader 4 trading platform, we were not able to confirm due to the broken links in the system. However, we want to mention that although considered quite ‘ancient’ due to its 15 years of age, the MT4 is still going very strong and is choice number one among around 80% of the brokers. This is largely due to its excellent package of charting options that contain technical analysis indicators to choose from, such as the Bollinger Bands, Fibonacci retracement, moving averages, etc., that help traders predict the future direction of exchange rates and make a profit. In addition to that, the MT4 offers an auto trading option, an app market, a code base with customs scripts, trading signals, VPS, etc.

However, at the end of the day, what matters most is not the platform but whether the forex broker is licensed and reliable.

InvestMarkets Deposit/Withdrawal methods and fees

To its clients, InvestMarkets offers 4 different account types – Basic, Gold, Platinum and VIP. The minimum initial deposit for the Basic account is $250. The other accounts start at $25,000, $100,000 and $250,000 respectively. We saw on the company’s interface the payment methods to be VISA and MasterCard which does not provide many options to the clients.

 

 

While perusing the company’s legal information, we noticed that the withdrawal methods are credit card, wire transfer, eWallets, Neteller, PerfectMoney and Skrill. However, we also noticed that the withdrawal fees are rather high – 3.5% for credit cards, 30 EUR/USD/GBP for a wire transfer, 3.5% for Neteller and 2% for PerfectMoney and Skrill. In addition to that, as per the Terms and Conditions document, the company reserves the right to charge a withdrawal fee of 80 EUR in some special circumstances.

As per the company’s policy, trading accounts that stay inactive for 2 months will be charged 80 EUR fee. After that, up to the 6th month of inactivity, the fee will increase to 120 EUR, 500 EUR will be the fee for an inactive account between its 6th and 12th month and for over 12 months, the fee will be 1,000 EUR and if the client wants to re-activate his/her account, then the fee for reactivation will be 2,000 EUR. We call this demands ‘over the top’ and frankly, cannot imagine someone paying so much money in fees!

This broker also offers bonuses that are attached to difficult to fulfil requirements. Should you decide to accept a bonus, which we really do not recommend, please make sure to read carefully the conditions of the bonus policy. One of the requirements for accepting a bonus from this broker is to trade 0.2 lots ($20,000) for $1 received. This is not that easily done! Also, please remember that licensed brokers do not offer any bonuses, free gifts or incentives.

How does scam work?

Actually, it’s quite simple and people often fall into the trap of experienced scammers. We bet you have seen those attractive ads on the Internet promising big and quick profits over a short period of time. Just provide your personal information, and voila! The scam brokers are waiting for you and you will be inundated with phone calls promising easy profit. Tempting, right? You think ‘ok, I can spend $200-300 and see what profit it brings me’. Congratulations, you just provided a fat commission for your scammers that will be distributed down the food chain. Now you have ‘graduated’ to be handed over to a senior ‘broker’, a smooth talker who will try to convince you that there is no more perfect time like now to invest more money. After all, you want to make more profit, right? However, something starts to feel off and now you start asking yourself questions and all you want is to withdraw your money and get out fast.
Unfortunately, it is too late! Someone has pulled the cheese and you are trapped because scammers don’t give up easily. Scammers will do anything in order to delay you so that you miss the deadline for a chargeback.

What to do if scammed?

Our advice is to immediately file for a chargeback if you have been lucky enough to make your deposit via credit card. VISA and MasterCard allow for 540 days chargeback period, so you still have a chance to get your money back.
Things don’t look so good if your currency of choice has been Bitcoin or bank wire. In that case, you may have to wave your money goodbye.
There are some other things that you can do in case of being scammed – cancel your credit card if you have given your CVV code to the scammers. Also, erase any software from your computer that gives scammers access to your private data.
Be warned, as well, that some so-called ‘recovery agents’ may approach you promising to recover your funds for a fee. It could be another form of scam where scammers prey on your misfortune. Should you choose to use one, you must make sure that you are dealing with a genuine and legitimate agency by checking their credential and company’s information and transparency.

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49 Comments

  1. Was I scammed bec broker did not say not to tap again for trade when internet is bad?

    1. Dear Cecilia,
      Please do not hesitate to contact us at our support email [email protected] for any assistance you may need. Thank you!

      1. Who are the CEO and Board members of http://www.investmarkets.com company ?? why are you ppl not sharing ??

        we want to tag on Twitter with FBI, Interpol, and Cyprus country President Mr. Nicos Anastasiades.

  2. Was I scammed bec broker did not say not to tap again for trade when internet is bad? Capital got swallowed, all capital gone.

  3. Yes, http://www.investmarkets.com is big SCAM and fake company, I have lost approximately 10,000 USD, I was used credit card can any one pls help me how to recover it.

    Fake Broker name, Christakis M,

    1. These guys have been calling me of late telling me to invest to them and they are the best investment and I must trust them with my money then I ask them that what is the verification code for because it cost a lot of money.

  4. What can I do to get my requested withdrawals if the broker continues to delay payment and more important to avoid paying the inactivity charges if they refuse to close the account ?

    1. Dear BJ,
      If you are facing any problem or you need any assistance, we’d love to contact us at [email protected]

  5. If you are looking to invest in trading I’ll advise you to stay away from INVESTMARKETS. These are liars and scammers and the company must be investigated and shut down. I had Ardit B ([email protected]) who was assigned as my account manager. When I told him I wasn’t able to invest the amount he was telling me, the lies began. I am sure when an investment is lost they just laugh look the other way and pass you down to support which builds up more lies to waste you time. After I challenged Ardit,t he referred me to his manager who he said was more “professional”. The manager himself told me that with my initial withdrawal I will not have any fees charged, but surprise surprise, I was slapped with a EUR 80 fee. Funny enough I had been told me if I do a withdrawal a fee of $USD 50 will be charged. This platform needs to be shut down. People wanting to invest in trades, STAY AWAY FROM INVESTMARKETS!!! You’ll thank me later

    1. Today I received a call from Fani who claimed to be the manager. I give him credit in trying to undo the wrong that his traders do. He might be in the scam game or not. he asked me if I wanted my money back, who wouldn’t? now to get my money back I had to reopen another account with Investmarkets that’s another R3.5k, Beat me once shame on me, beat me twice shame on me. the catch was if I reopened the account he was willing to put back half the money they had taken from me so, in other words, it’s still a gain for them. A real sane person would do such I believe. put back money where you know it not coming back? I told him already I’ve lost trust in them and when I mentioned to investigate him and if they were registered he started panicking and why I’ve even called in the first place.

      1. Did they pay back your money?

        1. After a legal investigation. Once you open an account with investmarkets the initial transactions will favor you and you will see yourself making a profit.
          As time goes trades will nolonger be in your favor and they will start requesting you to fund your account inorder to keep your investment safe.
          The trades will keep going against you as they keep draining you. You will see at a later stage having issues and not being able to withdraw your funds.
          What they really do is they play a video game infront of your eyes showing you fake trades, all you will be seeing on their platform is just a video they play
          for you. Keep you investment safe and stay away from Investmarkets, they are a fraud, your money will be getting stacked in someone’s of offshore account.

          1. They called me 12 times yesterday telling me to trust them and they’re transparent, yo! Thanx so much for the advice

      2. Dear Tapiwa,
        We are very sorry to read this review. If you have faced any difficulty regarding us, as InvestMarkets, please contact our support team at [email protected] , we assure you we will handle your case and would like to understand of what exactly is the issue you’re facing.

    2. Good Day Tapiwa
      i am real touched by what you have said. i think i should not invest to these guys because of what you have already said. they have been calling me to invest so i decide to research about them thank God now i have found the truth. i want to invest with good people not people who want to steal our money.

      1. “Dear Mshengu,
        InvestMarkets is operated by Arvis Capital Limited, an investment firm based in Belize, authorized and regulated by the International Financial Services Commission of Belize, license number 000307/166. Arvis Capital Limited is located at Unit 303, No. 16 Cor., Hutson and Eyre Streets, Blake Building, Belize City, Belize. If you are facing any problem or you need any assistance, we’d love to contact us at [email protected]

  6. Investmarkets is a SCAM

    1. Dear Mario, We’re sorry to see this review. Please note that Arvis Capital Limited, which operates the InvestMarkets brand, is a Belize investment firm, authorized and regulated by the International Financial Services Commission of Belize with license number 000307/166. Please, share with us with more details of your inquiry or if you had any trouble during your experience with InvestMarkets by sending us an email to [email protected] you in advance

  7. I was scam by company call careprofits about $754 when i made a withdrawal i did not get the money they ask me to pay $200 before i can make withdrawal so please beware of this company call careprofits is a scam

    1. Dear Omos, InvestMarkets is operated by Arvis Capital Limited, an investment firm based in Belize, authorized and regulated by the International Financial Services Commission of Belize, license number 000307/166. Arvis Capital Limited is located at Unit 303, No. 16 Cor., Hutson and Eyre Streets, Blake Building, Belize City, Belize. If you are facing any problem or you need any assistance, we’d love to contact us at [email protected]

  8. I reported Invest Markets to Interpol and the FBI.

    1. I like where you’re headed Val, any update on both agencies?

    2. Dear Val, We are very sorry to read this review, Could you please share with us your experience in order to examine your case and assist you? Please reach out to our support team at [email protected] you in advance

      1. You ppl are fake and cheaters….

        Dear all,

        Don’t invest/Deposite money to invest markets it’s totally fake moreover if you Deposite with credit card with out knowing behalf of you they do. They sell our credit cards info to Africa and some hakers too… It was happened to me I had invested 10000USD and lost all money on fake trading on investmarkets, recently my credit card bill came saying used 12000 USD… I had reported to interpol and file the case on Singapore police force.

        Don’t invest/deposit INVESTMARKETS it’s 100% FAKE

    3. Pls share the process to report to FBI and Interpol many of them wants to file the case

  9. Which company is the best then? Because I asked them if there’s someone here in South Africa that can call me as they said they have an office in Johannesburg, the guy called Endi couldn’t answer that only he told me that I have to be contacted by the head office first which is him the owner of the company

  10. Investmarkets are a bunch of sharks. I opened an account with $250 and thereafter was persistently called about the 20% returns I could expect if I invested another $100 000. Why would I give that amount of money to a company I know very little about? Anyway I took was advised to take two positions in the CHF and EUR and lost money on both transactions. I lost the balance of my money the following day, and guess what – no more phone calls. Stay away from these guys.

    1. Dear Mark, We are very sorry to hear that you are not satisfied with our services. Please, provide us with more details of your inquiry by sending us an email to [email protected] so that we could check if there is something we can do to help you. Thank you in advance

  11. Investmarket Julia call allá allá tome Any hours telling investmarket its good compa y reliable allá this comenta hey me openep estés for not invest my money i esther daré company not investmarket thief scammer shied

    1. Dear Vicente, We are very sorry to see this review. We would appreciate it if you could provide us with more details of your inquiry by sending as an email to [email protected] you.

  12. What will happen if i gave my card number and cvv number but dit not have any funds in my account wil my money be withdraw by these guys next time i have funds avalible i did not transfer any funds yet please tell me nothing will happen to my account?

    1. Dear Jaco, For more information and questions regarding your account or any other trading-related issue, you can contact us on [email protected] Thank you in advance! InvestMarkets

  13. Ronald Sanssouci

    I was scammed by InvestMarkets for the sum of R3000 + R63000 Which all trades fell within 1 hour of trading.
    After trying to call the account manager he said he contracted Covid and would be off for 2 weeks but came to work to specificly answer my email then never corresponded but put his coleuges to call me and invest more and still not responding to emails

    1. Dear Ronald, We are very sorry to read this review about your experience with our company. We would appreciate it if you could provide us with more details of your inquiry by sending us an email to [email protected] so that we could check if there is something we can do to help you.
      Thank you in advance!
      InvestMarkets

  14. Ronald Sanssouci

    It has been more than 1 month since i requested my bank to Chargeback after filling out forms but their decision is making me anxious as they do not provide any info as to the investigation from the fraud department

  15. Joseph Ralekholela

    I was scammed by this people. They give you stupit advices so as to loose money and request you to put money again to protect your money. Meanwhile the aim is to let you loose more so that you can deposit more.If your trades wins they give negatives advice like increase your lot size, open two opposing trades on the same stock telling you can win on both sides….lol. then you loose and they tell you to add more money.INVESTMARKET FUCKING SCAM…!!!….DO NOT INVEST WITH THIS PEOPLE.

  16. Dear Joseph Ralekholela,

    We are very sorry for you bad experience. As we are aiming to improve your experience with our Brand we would like to hear more about your experience. Please send an email to customer support at [email protected] and your email address with which you are registered or your trading account number to assist you.

  17. Hello.
    This company is run by a bunch of SCAMMERS and LIARS, BEWARE

    They almost got me.

    I deposited 200€ via VISA Card, after 2-3 minutes, something inside told me to check them out, read some reviews etc etc.
    After reading 2-3 horror reviews I knew that I made a BIG MISTAKE.
    I made a withdrawal on their site 10.minutes after I deposited.They started calling and asking why I made the withdrawal, I told them that I read some very bad reviews and I told them openly that I think that they are scammers,they got insulted of course, LIARS, ACTORS, SCAMMERS.
    They told me to decline the withdrawal now and apply for a withdrawal in three days, I did NOT.
    They started to ask me to scan some documents and e-mail the docs to them, so I did.

    I informed my bank about chargeback, the bank sadly couldn’t do anything because the transaction was pending it wasn’t cleared, the bank already knew about them and similar frauds.

    I reported them all over the internet and send the screenshot of the reports via e-mail.

    It was Friday when I deposited my funds,
    Luckily Monday came and the funds were refunded, in complete 200€.

    I think that I got my refund because I was quick to figure out in 10.minutes,so the transaction didn’t cleared, it was pending all 3 days, maybe I’m wrong, I don’t know for sure.

    However , BEWARE, they are FILTHY LIARS, SCAM ARTISTS.

    1. Support-InvestMarkets

      Dear Dejan
      we are very sorry to hear that you faced difficulties with our Brand. Please provide us with more details of your account in order to investigate your case. Thank you!

      1. what to investigate ??

        Firstly return my money 9252 USD

  18. Support-InvestMarkets

    Dear Dejan
    we are very sorry to hear that you faced difficulties with our Brand. Please provide us with more details of your account in order to investigate your case. Thank you!

    1. Hello All,

      After a long discussion, investmarkets team ([email protected]) is agreed to return the complete money that I have deposited 9252 USD, hope you are team/company keep this commitment.

  19. Hi Tania,

    I’m ok with deal

  20. Who are the CEO and Board members of http://www.investmarkets.com company ?? why are you ppl not sharing ??

    we want to tag on Twitter with FBI, Interpol, and Cyprus country President Mr. Nicos Anastasiades.

  21. ALERT, ALERT, SAVE your personal Data

    DONT TRUST http://www.investmarkets.com, here is the strong reasons,

    1) http://www.investmarkets.com don’t have an office building location
    2) http://www.investmarkets.com not sharing CEO and Board member details
    3) http://www.investmarkets.com customer personal data is not secure (Bank account, credit cards, ID proofs like Passport details)
    4) http://www.investmarkets.com employees don’t have proper names and email ID’s
    5) http://www.investmarkets.com license check is failed
    6) http://www.investmarkets.com calling to the customers and warning to delete the posts/review who had given the negative
    7) http://www.investmarkets.com positive reviews are fake
    8) http://www.investmarkets.com sharing customer credit card/bank account details to online SCAMMERS
    9) http://www.investmarkets.com website had been blocked in 18 countries
    10) http://www.investmarkets.com filed cases on 31 countries
    11) http://www.investmarkets.com closely monitoring and case filed on Interpol and FBI
    12) http://www.investmarkets.com sharing customer passport and ID card details to anti-nationalists

  22. REFUND also BIG SCAM and TRAP

    One more worst thing is trustpilot.com deleting all facts about this SCAM company,

    Hello [email protected],

    Based on the waiver form it’s again completely once again trapped, without returning the money how can your team mention this ???

    “Appendix 1, says –> Understand that the said amount is refunded on an ex gratia basis and does not constitute an admission of any legal and/or other liability on the company’ behalf, I no longer have disputes or pending requests against the company.”

    “Appendix 2, says –> Trading Account and that I received the services purchased through these transactions as intended.

    Everyone tag on Twitter with FBI, Interpol, and Cyprus country President with investmarkets

  23. Anyone wants to report Interpol pls to follow the links

    https://www.interpol.int/en/Contacts/Report-a-suspected-fraud-and-abuse-of-INTERPOL-s-name

    I had reported likey my appointment has been scheduled

  24. Once again return policy also big SCAM many of them called from Investmarkets says we will return the money and sign-in the document or email writing… after did no response and no calls finally they proved it’s Fake and big SCAM

    emails coming from [email protected] for Investmarkets, Arvisfx is the parent company and they say some bank issue for return policy

    I’m located in Singapore I’m filing the local case and Interpol.

    EVERY ONE pls file the CASE on investmarkets in your local govt and interpol

  25. Radhai Priya Suresh

    Investmarkets is a SCAM broker. I have been scammed by them and i lost close to 78000 US dollars with them. Investmarkets Account Managers are not experienced and they play with your money by investing in the real time markets. Account Managers pressurize you to get into trades and all the trades you invest in will go in the opposite direction and you are forced to top up more to hold the position or the account managers will say that you will lose your entire balance. I lost close to 32,000 USD in a single Oil trade and post which the account manager was sent to training. Similar incidents happened with NASDAQ and GOLD trades as well. Their finance department keep calling you to top up the money and offer providing you indicators and webinars. All their webinars conducted during the NFP and other seasons are done in the DEMO account and we are left to play with real accounts. Promised indicators are not provided by the Finance team or their account managers. If we question them, they would say, the minimum amount is not met and again ask you transfer more money. They totally play with your emotions. Also, there are lot of charges being deducted from your account and you are not provided with the breakdown on the charges or the fees incurred. If you raise a request with the customer support team, the finance team will send an entire calculation on the charges which you don’t understand the head or tail on how the charges are being calculated. No daily or monthly statement is provided by investmarkets. All regulated entities should be sending a daily or monthly statements for the client reference. If you ask for a refund, they will put in all the blame on you and refuse for a refund. So please do not trust this broker and report it to FCA for a strong action against them. Please ban this broker so that they don’t do this for other investors. I have officially lodged a police complaint with my local police, Interpol and also with Cyprus. Planning to go to twitter to connect with Cyprus PM Nicos Anastasiades and UK PM Boris Johnson to get Justice for my case.

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