FlexInvest.io review – 5 things you should know flexinvest.io

FlexInvest.io review – 5 things you should know flexinvest.io

Rating: 1

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

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At times we come across brokers that act as a pause to our busy reviewing business. The reason for this is that said broker is so bad and ridiculously unprofessional that one look and we know for sure what we will be reviewing. But most importantly, we know that it will not take us a long time to review just due to the inadequacy expressed by the broker. FlexInvest.io is one such broker. Where do we start with this one? First of all, there is no logo image; it is as if though the image is still loading or does not exist. The next thing that bothered us was the structure and feel of the website, plus the complete irrelevancy of all the information. Just read the review to find out about this company.

Registering an account was easy and it was made so by a very popular registration process that is actually a very popular template used by unregulated brokers. The user area was also a very popular template that we have encountered hundreds of times.

We accessed a web best trading software that was perhaps the best part of the broker and the most professional-looking aspect of it.

On this web trader we found out that users can trade with forex currency pairs, commodities, cryptocurrencies, indices, and stocks. The EUR/USD spread is 0.1 pips, a value that is very good but is unrealistic. Either there is a commission that this broker charges, or the firm uses such a low spread only to attract users and therefore deposits. We did not find any information on any conditions attached to spreads but we can share for sure that this cost of trade is not realistic. The leverage is maxed out at 1:500 the highest account tier.

The website is available in over 30 languages which means that the broker uses Google Translate. This is yet another instance where the true fraudulent nature of the company is revealed. Relying on third parties to do your bidding is the sign of a lazy and unregulated broker.

FLEXINVEST.IO REGULATION AND SAFETY OF FUNDS

There isn’t that much to say about a license or registration here. The broker is obviously illegal and it doesn’t hide this fact.

Throughout the legal documents the company claims to be regulated in various jurisdictions where its services could be legal, but of course it never actually gives proof of being regulated. These types of claims are crafted specifically for more novice users who are easily fooled into thinking something that is not true.

The truth about this broker is that it has no information on a license and no information on a contact address. Therefore, it is completely anonymous and a very dangerous entity. Anonymous brokers are perhaps the most dangerous investment scams in existence. Due to the inherently anonymous nature, all funds cannot be retrieved or can be retrieved after hours and hours of headache.

There is absolutely no reason to invest in FlexInvest.io. This broker is a complete mess, it has not been updated in a while, and it is a complete scam, not to mention unregulated.

Investing in unregulated brokers is basically throwing your money out of the window. They will very rarely return your money, and even if that happens it would cost the user an incredible amount of headache and time.
That is why we encourage users to only trade with regulated brokers. Please, once you enter a broker that you think is worth investing in always check for a license before doing anything else.
We recommend UKEUUS, or Aussie brokerage firms. All such regulated brokers are very trustworthy and offer safe and secure trading grounds.
Furthermore, agencies like the FCA and CySEC offer user compensation funds that are applied only when the broker at hand is not able to pay back to user due to insolvency. CySEC guarantees up to €20 000 per person, while the FCA guarantees up to £85 000.

FLEXINVEST.IO TRADING SOFTWARE

As we mentioned the best thing about this company is its web trader. It is quite decent for a broker as broken as this one, yes it cannot really match up to all other legitimate web traders.

We have seen this exact software used many times by unlicensed brokers but we are used to such instances. There is some room for user customization here but we are sure that’s after a couple of hours this software will get useless.

FLEXINVEST.IO DEPOSIT/WITHDRAW METHODS AND FEES

You cannot learn anything about deposits from the user area; for some reason there is no way to invest in the broker, and this might be due to the fact that the broker has not verified us as a legitimate depositor. The exact same things happened to us when we tried to withdraw: the area for withdrawing offered no information. So we must take all payment details from the website.

The minimum deposit is said to be $500.

Withdrawals are subject to withdrawal fees: $50 for wire transfer, $25 for credit cards, and there is a 10% fee if an account has not been verified and has not executed at least a turnover of 10.
The minimum withdrawal is $250 for bank transfers, and $100 for all other methods.

These aforementioned payment methods might be used for deposits as well, and it is actually the most possible approach.

FlexInvest.io is a scam and a risk to all. Do not invest here!

How does the scam work?

It’s almost ironic that’s one of the most popular ways to get scammed by a forex investment fraud is incredibly simple to grasp. If you look at it constructively, the way a scam works is that it follows a couple of incredibly simple steps that nevertheless take a lot of experience and authority to pull off.

In fact, investment scams are so effective not because of the way they are structured but because the people that are behind them are very talented at human manipulation. They have an arsenal of psychological and behavioral tricks.

Indeed, the hardest part of any scam is to actually be introduced to the scammer in person which happens most of the time by phone but it can also occur by email correspondence.

The quickest and most effective tool they have is online ads. Fake and misleading ads are ubiquitous over the internet. They continually evolve into becoming more and more legitimate-looking while retaining their complete scammer nature. Everybody has seen at least a couple of these ads: they promote a carefree life, luxurious products on the go, beautiful women, and other very expensive and realistically unattainable stuff.

Behind these ads are the investment scammers. Once you end up on the website you will be asked to provide a phone number or an email address for the sole purpose of being contacted by the broker.

The representatives of the scam will ask you to invest. He or she will use an array of tactics to make you invest. This is a solicitation and nothing else. Investing an initial deposits will build trust with the scammer and can potentially lead to more and higher investments.

If the user continues to invest and trusts the broker, he or she will continue to invest money that will be very hard to retrieve.

And once the time comes to actually get your money back or at least withdraw a profit, the true scammer nature of the company will reveal itself. The broker will either block your accounts, close off all communications with you, shut down the entire website, or stall all requests. At times it can even pay you back a percentage of your deposit and profits in order to create a false sense of security.

What to do if scammed?

Now, the quickest way to get your money back is to file for a chargeback with your credit or debit cards provider. However, this applies only to those users that have actually lost money by means of a card. MasterCard and VISA have a chargeback period of 540 days.

Bank transfers are harder to get back. First of all, we always encourage users to immediately change their bank account username and password. And then to contact the bank itself and try to find a solution to the problem together. The banking institution might have a specific section that deals with similar issues.

One sure way to lose all of your deposit is to invest in a regulated broker via any sort of cryptocurrency. Even in today’s world, crypto transactions are untraceable making crypto deposits the most popular investment gateway used by unregulated brokers. All funds invested through a crypto wallet are definitely lost.

And a warning to all readers! Do not trust the self-proclaimed recovery agency or agencies whose promises of returning all your funds are as misleading as the broker scam itself. They will take the initial fee charged for the false services and will disappear with the money.

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