1niro review – 5 things you should know about 1niro.com

1niro review – 5 things you should know about 1niro.com

Rating: 1

Beware! 1niro is an offshore broker! Your investment may be at risk.

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1niro is definitely up there with some of the most unregulated brokers reviewed. This company is your typical unregulated brokerage firm. Nothing that we will review here is unique to this broken. It does not try to hide its fraudster nature and it seems that it might not be very aware that it is so easily discoverable to be unregulated. Please read the review before you invest anything because we are sure that you will regret every investment made here.

The account creation process was a very common creation process used by unregulated brokers. We cannot tell you how many brokers we have reviewed that use the exact same account creation. The user area was however quite new to us and seem to be rather unique, although it was all centred around a web trader.

Speaking of the web Trader we are not entirely sure that this trading software represents the broker’s trading conditions, or some other company. Anyway, the trading software did reveal that clients can trade with forex currency pairs, cryptocurrencies, commodities, indexes, and shares. The EUR/USD cost of trade was 2.9 pips, which is not at all profitable to users. According to the website, the leverage does not exist.

The website of the broker is available in English Polish and Russian.

1NIRO REGULATION AND SAFETY OF FUNDS

There is absolutely no reason to think that this broker is regulated and from what we find there is no hope for 1niro.

The main thing that we learnt is that the broker is perhaps completely anonymous because there is absolutely no information to be found concerning a licence. Yes, there is a contact address in St Vincent and the Grenadines however this country does not have a forex regulator and is very shady therefore we cannot trust it.

The terms and conditions do not give any information concerning a jurisdiction or a licence. That is why we concluded that 1niro is anonymous and very dangerous.

1niro is therefore unregulated. As for its status as an anonymous broker, all we have to say is that these types of companies are perhaps the most dangerous of all because they are untraceable meaning that if you invest money in it’s your investments become untraceable as well.

So do not invest here if you cherish your funds.

Whichever way you see it there is absolutely no sense in investing in brokers that are unregulated. They are a risk to all investments and also a risk to any personal information the users provide them with. We always advise users to choose brokers that have been regular. That is why it is imperative to check for a licence before creating an account.  UKEUUS, or Aussie regulated companies are the ones to look out for. All of these licensed brokers adhere to various regulatory and legal frameworks that allowed them to put the clients’ safety and security as their main priority. Not to mention that the FCA and CySEC offer client compensation schemes that remembers users if the broker cannot pay them back for insolvency reasons. CySEC guarantees up to €20 000 per person, while the FCA guarantees up to £85 000.

1NIRO TRADING SOFTWARE

As we revealed early on in the review, the trading software is quite difficult to decipher because we are not sure if the broker has its own liquidity pool. The reason for this scepticism is that there is a third-party chart being used at the trading software meaning that the trading conditions might not actually be conditions offered by the broker. This is not the first time that we have come across such a thing and will not be the last time but it is worth mentioning.

And even with a webtrader the broker cannot redeem itself. This trading software is nothing to be excited about. It’s a common trader used by fraudulent brokers.

1NIRO DEPOSIT/WITHDRAW METHODS AND FEES

According to the user area clients can invest with the following payment methods: Credit cards and debit cards. There are no other available payment methods and whatever do website tells you is lying. That’s what a minimum deposit we must ironically be taken from the website which is $250; this is the most common minimum deposit requirement.

Withdrawal information will have to be taken from the website even though we know that it may be completely useless. The minimum withdrawal amount is €75, the withdrawal processess takes 5 days and there is a 3.5% fee attached to withdrawing money. If this percentage is less than $50 then the fee becomes fixed at $50.

1niro is a risk to all investments and a complete waste of time.

How does the scam work?

The most helpful that scammer brokers have in their repertoire or perhaps online advertisements which they use to attract a user base.

Every internet user has witnessed at least a couple of these fake ads are promise Investments returns and luxurious lifestyles. These ads mostly lead to investment scams or so called fraudulent brokers.

Once on this website the user will be advised to provide a phone number or an email address through which the broker can easily solicit investments.

A first deposit is the hardest to get and those users that deposit for the first time are likely to deposit for a second or third time. Personal account managers make sure to keep the user as invested as possible until he or she gets suspicious.

Once this happens the broker can easily all withdrawal requests or shut down the entire account or the website even. It’s crucial to remember that the user will never gets his or her money back easily.

However there are certain ways to get to that money back.

What to do if scammed?

The most important thing to do once you get is to file for a chargeback. Unfortunately this happens only if the user has invested by means of a credit or debit card. MasterCard and VISA have a chargeback period of 540 days.

If the money was lost through a bank transfer then the user must contact the bank itself and try to find a solution with it. Most banks probably have a policy of retrieving stolen funds. What’s also imperative is to change the bank user name and password for your account.

Money that was lost through crypto currency investment is unfortunately lost forever. The only way to get this money back yes if the broker itself pays it’s back to you.

Last but not least do not approach recovery agents. These are scams on their own and will ask you for money in return for your lost funds. Of course such services do not really exist and these fraudsters will disappear with the money once you pay them.

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