Beware! Global Investous is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
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Global Investous claims that through superior customer service, they aim to establish themselves as a global brand, ensuring that customers’ profitability, success, and happiness are core to their business. Well, that’s nothing else but con artists’ sweet-talk. Global Investous is a scam, and we are going to prove it in the following review.
Global Investous REGULATION AND SAFETY OF FUNDS
We won’t beat around the bush but will come straight to the point- Global Investous is a confirmed scam. The Italian regulator CONSOB, which is quite strict actually, issued a warning against the broker, exposing it as a scam scheme, so you’ll lose money to fraud if you deposit. The trustworthy financial authorities regularly post warnings against fraudulent entities to raise awareness, so make sure to stay away from any blacklisted brokerage. Now, let’s get into detail about this particular scam.
To begin with, Global Investous declares to be fully licensed and regulated, which statement is merely a blatant lie said to create a false sense of security and lead people astray- a major red flag. Not much to discuss here- pretty much every scammer out there will swear to god that it’s working for a fully licensed broker. Another thing to note is that Global Investous claims to be headquartered in Dubai, and we don’t actually know whether that’s true or not. Frankly speaking, we don’t have time to waste for checking as we already know that the broker under review is an exposed scam.
However, we also need to stress that it’s unregulated. In fact, even if it weren’t a warning issued against Global Investous we would still strongly advise against trading with it solely due to the absence of a license. To make it easier to digest, the licensed brokers are transparent, abiding by the laws, complying with regulations established, and as such, they can’t carry out fraudulent activities. Global Investous is just the opposite- shady and suspicious, doesn’t care about laws, doesn’t care about regulations, and can steal clients’ funds, bearing no consequences for its illicit actions. And it can do so just because it’s anonymous and unregulated.
That’s why you should always stick with companies authorised by trustworthy financial regulators like CySEC (Cyprus) and FCA (Britain). Both mentioned force brokers to keep deposits segregated local banks, thus ensuring that clients won’t lose their capital if something wrong happens. The segregation improves transparency, speeds withdrawals up, makes chargebacks easier and generally helps prevent fraud. What’s more, the European FX companies are covered by deposit insurance funds laid down to compensate clients in case of unforeseen events- CySEC brokers’ clients can claim up to €20 000 per person, while the British guarantees are even up to £85 000.
Global Investous TRADING SOFTWARE
Global Investous can’t provide trading software, as you can see from the screenshot below. The Webtrader we tried to access would just not work, but it looks very similar to both MetaTrader 4 and MetaTrader 5 web-based distributions. Both MTs are market leaders, so Global Investous apparently wanted its piece of software to resemble the platform. Nice try, really.
So, with no platform available, we can’t discuss spread and trading costs, respectively. However, while opening an account from the Client Area, we could choose leverage between 1:100 and 1:500, which shows that Global Investous’ services are too risky in general. To put it into perspective, the EU, UK, and Australian regulators impose a leverage cap of 1:30 due to the dangers involved, while 1:50 is the maximum in the US. As you probably guess, every broker providing bigger ratios may as well be a scam, so you’d better exercise caution when you see high-leverage offers.
Global Investous DEPOSIT/WITHDRAW METHODS AND FEES
The minimum deposit is said to be $100, but when we tried to deposit, it turned out that a client can’t put less than $250. That’s an inconsistency nonetheless, but the funding methods give us much more food for taught. As you can see from the screenshot below, there are three Deposit options- cardpayz, amaid and gws. All three are highly questionable, but we already know that the first-mentioned serve many scams, including EU-Crypto Bank, ConiusFX, PlusCFD and JPMCapitals.com. Beware!
As for withdrawals and fees, Global Investous doesn’t reveal much that we can discuss. The only thing worth mentioning is the annual inactivity fee of $25, which is generally in line with the industry standards. In this particular case, though, this piece of information is totally useless as Global Investous isn’t even a broker, but a pure scam.
HOW DOES THE SCAM WORK
Global Investous is an officially exposed scam, so we’ll now reveal what scammers usually do to defraud unfortunate customers out of their money.
So, when fraudsters get hold of your contact numbers, you’ll get a call, promised the moon and the stars if you deposit immediately. And to gain trust, those criminals will usually pretend to work for governments, financial authorities, banks, other reputable companies and so on. Scammers will be confident in what they say, so if you don’t see the warning signs, you may end up depositing fascinated by their fake commitment. However, the fraudulent game actually begins after you send the money. Once they have the desired deposit, the cons will distort prices and forge fake reports to make you believe you are on the winning side, manipulating you to start thinking big and consider more deposits.
Then, the fraudsters will continuously ask you to increase the size of the investment and invent stories to make you deposits over and over again. Sooner or later, though, you’ll get determined to withdraw some money, and then the scammers will ask you to deposit again because, according to their words, there are taxes and fees that you should pay. At this point, you’ll probably realise something wrong is going on, and when the scam becomes too apparent, the cons will simply stop answering your calls and e-mails.
WHAT TO DO WHEN SCAMMED
It would be best if you first call your bank to inform it and then deactivate your card to avoid any additional risks, as the scammers may as well have obtained your details.
Then, call the police, inform the financial authorities, file complaints and don’t forget to spread the word online so that other people can find out about the particular scam, too. Still, it’s crucial not to rush trying to reclaim your funds as numerous scams are disguised as chargeback agencies set up to double-scam victims.
Finally, we know it’s an awful experience to get scammed, but please share your story to help protect others!
