Investorsnet review – 5 things you should know about investorsnet.org

Investorsnet review – 5 things you should know about investorsnet.org

Rating: 1

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

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There is a common theme throughout the review that we will use as a jumping point, that of Investorsnet’s complete failure at doing anything in a cohesive manner. We will first say it here in the intro- Investorsnet is a failed attempt at whatever the creators were aiming at, and everything about its website and structure oozes this. To its core, Investorsnet is a risk and a scam, and one cannot even define it as a broker at times! Read on to find out what we mean.

Opening an account with Investorsnet is actually impossible and not for the reason that you might think. The broker at hand does not have its own account-creation process, and in fact redirects users to a completely different broker once the client trie to access a registration page, one Axiance, of which we concluded earlier this year to be regulated but not really worth the risk.

As it turns out, not surprisingly, Axiance has little common ground with Investorsnet. In fact, there is no common ground. Both companies are different and share no obvious relationship. And furthermore, we do not see a reason for which Axiance would wish to cooperate with Investorsnet, the former regulated.

Meaning that Investorsnet does not offer its own trading conditions, let alone a trading account or a registration page.

The website is available in English.

INVESTORSNET REGULATION AND SAFETY OF FUNDS

From what we have gathered thus far, one thing that stands out, and actually the only thing that stands out, is that Investorsnet is, in fact, anonymous.

Anonymity comes at a price, unfortunately, most of the time paid by oblivious users and investors. We always tend to label anonymous brokers as the most dangerous kind, due to their inborn nature as untraceable. Being untraceable leads to the broker not having to pay its users back, making all anonymous brokers the biggest risks of all to invested capital!

Also, and this is a biggie, the fact that Investorsnet redirects users to a legit broker for no reason whatsoever is perhaps the biggest indicator of this company’s illicit nature. We are not entirely sure what the broker was aiming at while doing so, because we cannot think of anyone that would not notice the obvious change in name, interface design, logo, and colors.

Investorsnet is utterly unregulated! It is also a complete scam, and probably some far stretched clone firm, or similar. Investorsnet is a risk, without a doubt. Do not invest here!

Any UKEUUS, or Aussie-regulated broker is your best hope of getting back on the trail and avoiding scams. Investing, and even dealing with unregulated brokers is both a waste of time and money! Licensed brokers tend to the need of their users, and provide a safe and fair trading environment, accommodated with all the necessary tools to bring clients a superb trading experience. Not to mention that the FCA and CySEC, offer reimbursement schemes that see users getting covered for any losses should their broker fall into insolvency.  The FCA guarantees up to £85 000, while CySEC guarantees up to €20 000 per person.

INVESTORSNET TRADING SOFTWARE

The closest we get to a trading software is a broken MT4 download link that leads to nowhere.

There is no trading platform used by Investorsnet, and even if there was one, magically appearing from somewhere, it would probably be a mess.

Without a trading software, we can not even define Investorsnet as an FX broker, but rather a complete and utter failure and a scam!

INVESTORSNET DEPOSIT/WITHDRAW METHODS AND FEES

As per the website, the minimum deposit requirement is set at $300. The alleged payment methods area wire transfer, credit cards, Skrill, and Neteller. There is an alleged cost of paying with credit cards as well as alternative e-wallets, amounting to 2.5% per transaction.

We learn that withdrawals are processed within 24 hours, and that there is a $25 transfer fee for wire withdrawals.

To be honest with our readers most of the information here is completely useless as there is no way to verify it. Crucially, Investorsnet has completely evaded its own user area, and therefore none of the payment conditions apply to it, or to anything for that matter.

This broker is a failed attempt. Being unregulated is one thing, but the state in which Investorsnet is in is appalling! Do not invest here.

HOW DOES THE SCAM WORK

The scam works very easily. Users are lured by online ads that promise unrealistic, and therefore unattainable things. Then they are redirected to the investment schemer website, and from then on the manipulation begins.

First, users will be asked to provide contact details so that the broker can directly contact them and ask them for payment. But this is not done directly; there are scripts upon scripts with psychological tricks and tactics that lead to users being charmed into investing.

These tricks range from all the imaginable to the impressive. What the main goal is to keep the user invested in the scam, and deposit at least once!

After a while, each user will feel the pressure and will want to withdraw. This is where the last line of defence of the fraudulent broker will deploy, cutting the user from his or her funds by means of shutting down the account, stalling clients, or simply shutting the website. The scammer will do everything not to let you withdraw!

WHAT TO DO IF SCAMMED

File for a chargeback with your credit or debit card provider. It’s the surest way to get your money back, although it is not set in stone. MasterCard and VISA have a chargeback period of 540 days.

Bank transfers are harder to trace and are most like lost for good. Although, certain banks might have a special plan-of-action ready for scammed users, so be sure to check with your local bank for more info. It is also a good idea to change your bank account password and user name.

Crypto investments are lost for good. The only way to get them back is if the broker itself reimburses the money back.

Do not trust recovery agents that promise to return your lost money without ever giving any technical details. These are separate fraudsters that will ask a commission for the “service” and will alter disappear without a trace!

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