Beware! EpicInvests 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.
EpicInvests is the latest in a long line of unlicensed offshore brokers – none of them can provide a legitimate reason to pick their services over a regulated broker, and EpicInvests is no exception – here is why the company is best avoided:
EpicInvests regulation and safety of funds
EpicInvests is not licensed – and what’s more, it hails from St. Vincent and the Grenadines – one of the most notorious offshore scam havens out there. Here is where the broker operates from:
What’s so bad about St. Vincent? Well, it does not regulate its Forex markets in any capacity. Brokers from there cannot even prove they are not running a scam, much less that they have what it takes to survive on the volatile Forex markets.
They cannot provide you with any additional protection for your funds – compare that to brokers from the UK, for example – their clients have access to guarantee funds, Negative Balance Protection and much more, which makes trading with them infinitely more profitable than anything EpicInvests can offer!
EpicInvests trading software
EpicInvests provides access to a web-based trading platform that is rather lacking when compared to industry standard Metatrader 5 – notably, there is no automated trading available anywhere on the platform. Here is what that software looks like:
The trading conditions on it are not good whatsoever – first off, EpicInvests only provides access to share and commodity CFDs – for some reason, Forex trading is not supported at all, even though EpicInvests explicitly advertises it on its website. It is also unclear what leverage the broker provides access to, as it is not mentioned anywhere on the company’s website.
All of this makes trading with EpicInvests completely fruitless.
EpicInvests deposit and withdrawal methods and fees
EpicInvests demands all deposits are made with the assistance of someone from their support team – as you can see below:
This means we are not sure what deposit methods EpicInvests accepts – but if you have deposited with the broker already, we urge you to file a chargeback – otherwise, you would have to contend with EpicInvests’ withdrawal fees, outlined below:
Such fees are too high, when legitimate brokers simply waive withdrawal fees altogether as a sign of good faith nowadays. There is a similarly high fee on inactive accounts:
Needless to say, no legitimate broker would charge as much for inactivity.
The worst part about EpicInvests, however, is the fact that the company will not let you withdraw any of your profits – here is what the broker has to say about its Bonus policy
Bonuses required a certain turnover to be achieved before they can be withdrawn – otherwise, they cannot be withdrawn, as well as the profits the client has made. Here is what that volume requirement looks like:
The turnover might seem possible, but the fact of the matter is that there is no guarantee that anyone would be able to achieve it.
How does the scam work?
EpicInvests is undoubtedly running a scam – and what’s more, we have seen that exact scheme unfold countless times before – here is what usually goes down:
Someone stumbles upon the website EpicInvests runs – and from it, they are prompted to make an account. If they decide to do so, the scammers demand them to leave a phone number in the process – and if they get their hands on it, they will start calling around the clock to demand deposits. More and more money will be taken from the victim, until they either realize they are being conned, or run out of money – at which point the scammers will simply cease all contact with the victim and disappear.
What to do when scammed?
If you have been scammed, we encourage you to take the following steps to make sure you do not suffer any further losses:
First off, reissue whatever forms of ID, credit cards and so on the scammers had access to – also remove any remote control software they had you install on your PC.
Secondly, contact your bank and see if you can get a chargeback – but even if it is not possible, do not trust recovery agencies that demand an upfront payment for their services – they are also running a scam.
Finally, do not hesitate to leave a comment below and tell us of your experience with EpicInvests – in doing so, you will be helping us raise awareness of the scam, which is the best way to combat it.
Tea Busic
I’ve been scammed .. I’ve lost all my money by listening wrong instructions for buying and selling and now they are asking for a more money and keep calling every 15 min .. what should I do ??
EpicInvests
Dear Tea,
We diligently performed an investigation into your account and the whole situation surrounding it. The result of your trading, however unfortunate, does not represent actions of our account managers. Please note that our account managers inform clients such as yourself, with general information only (not trading advice), coming from relevant and official financial news sources. We as a company do not provide investment advice, which is clearly stated in our Terms and Conditions (which you accepted), specifically in Section 5: “Provision of Services”, and Section 26: “Acknowledgment of Risks”.
Regarding your issue, we emailed you some questions, if you would be kind enough to reply. For any further inquiries, please email us at: [email protected]
Sincerely,
EpicInvests
Abesan
I being scammed thru my debt card. Once done i received an email as a statement but its look so unofficially by a sector. I try to return call but been block. Now a few international code number keeping calling me.
Ante Banic
I lost my life’s savings with them
Trex
And here are these epic smartwomen from epicinvest, why don’t you as a legitimate company warn clients about terms and conditions or company rules, ah yes of course it’s easiest to take money from a client and then warn him that you are not responsible hahaha, fraudsters but not first class you are just learning the job, area code 0044, company from lithuania, headquarters address listed in the uk and you are calling from croatia, your mom is a thief but while there are sheep there will be wool, people are not aware of what is happening to them, i am not one of those who stumbled upon that shit of yours but if I was true I would b#rn you all to b#rn like Indira Gandhi, mrs
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A evo ovih epic pametnjakovica iz epicinvesta,zasto vi kao legitimna kompanija ne upozorite klijente na terms and condition ili company rules,ah da naravno najlakse je uzeti novac od klijenta pa ga poslije toga upozoriti da Vi niste odgovorni hahaha,prevaranti ali ne jos prve klase tek se ucite tom poslu,pozivni broj 0044,kompanija iz ltvanije,sjediste adresa navedena u velikoj britaniji a zovete iz hrvatske,mamicu vam lopovsku ali dok je ovaca bit ce i vune,ljudi nisu svjesni sta im se dogadja,ja nisam jedan od tih koji je nasjeo na ta vasa sranja ali da jesam tacno bih vas zap@lio sve da g@rite kao Indira Gandi,mrs
Natacha
Good evening
I invested 250.00, but in the process various things came to me as fraudulent. For this reason I requested my money back. Andreas Heimer, Meier and Emilius Eagner were very friendly at first and tried to motivate me to invest even more. I didn’t want to participate and wanted my money back. Suddenly the friendliness and the niceness disappeared, nobody picks up the phone, my messages were not answered, no response to the request for payment.
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Guten Abend
Habe 250.- investriert, jedoch im Verlauf ist mir diverses betrügerisch vorgekommen. Aus diesem Grund habe ich mein Geld retour angefordert. Andreas Heimer, Meier und Emilius Eagner waren am Anfang sehr freundlich und haben versucht mich zu noch grössere Investition zu motivieren. Ich wollte nicht mitmachen und wollte mein Geld retout. Auf einmal verschwand die Freundlichkeit und die Nettigkeit, niemand nimmt Telefon ab, meine Nachrichten wurden nicht beantwortet, auf die Forderung der Auszahlung keine Reaktion.
S.H.
Dear Natasha
Have you heard from the scammers since then? Do you now have to pay a monthly inactivity fee of 100 euros? Or did you simply lose the 250 euros? The same thing happened to me with this criminal gang.
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Liebe Natascha
Hast du seither etwas von den Betrügern gehört? Musst du nun monatlich 100 Euro Inaktivitätsgebühr zahlen? Oder hast du leider einfach die 250 Euro verloren? Mir ist das gleiche mit dieser Verbrecherbande passiert.
Zorica
I paid a €250 deposit, they called every day until I settled down, when I wanted to start investing, someone didn’t call, I tried something myself, lost €10, and I see that it’s all too much nonsense because they only wanted me to deposit 250, and now I have 240 and on Withdrawal 05.08 that I have proof, I make a request for €240 for a transaction on my account, but nothing, I don’t play, they reduce it to €200, I again make a witdraeal vegetable for €200, again nothing, this morning I look at €83, so simply no I want to return.
What should I do
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Uplatila sam 250 € depozita , zvali su svaki dan dok nisam nasjela, kad sam htjela poceti ulagati nktko ne zove ,probam ja nesto sama , izgubin 10 €, i vidim to je sve prebezveze jer su samo htjeli da polozim 250, i sad imam 240 i na Withdrawal 05.08 sto imam dokaz, napravim zahtjev za 240€ na transakciju na moj racun, medutim nista, ja ne igram oni to smanju na 200 ja opet napravim witdraeal povrta na 200€ , opet nista jutros gledam 83€ stoji, dakle jednostavno ne zelu vratiti.
Sta da radim
simona
very bad experience. you first start with €250. in the beginning they show you how you can get a small income. but if you want something more, you have to invest more money. the normal pole, however, everything goes in the opposite direction. but if you want to solve the account, you have to keep investing and investing. but in the end it all comes to nothing. very bad advisors. I’m thinking about filing a scam report
HB
Scammers and Frauds – Fully agree with Trex statement above
EpicInvest24 scammed me out of a lot of money, and are still trying, loading my account with bonusses, the majority whiteout my approval, to keep a loosing trade open, very bad advisers and not a good idea for novices. They will probably want me to fund the account for the losses that were created by the bonusses they have added. They guided me to make the trades, but don’t take responsibility for anything….please do not fall for them, you will loose!!!