InvestCore.Trade review – 5 things you should know about investcore.trade

InvestCore.Trade review – 5 things you should know about investcore.trade

Rating: 1

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

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InvestCore.Trade is another well-put broker that focuses on looks and nothing else. It feels like we have seen such brokers more than a thousand times, a staple to the saying that “things never get old”. Unfortunately, InvestCore.Trade will not up your game, will not reward you with experiences, nor will it provide you with the opportunity to make it big. The only thing that is can potentially cause is bankruptcy. The following review gives all the reasons why and how we reached this conclusion. Read it for all information.

Signing up with InvestCore.Trade was one of the easiest things we have ever done, telling us that this broker will accept anyone into its scheme. We accessed a user area in no time, and to say that we were not impressed is to understate the situation. The user area was a useless thing, even more so when we realized that there was no trading software anywhere.

That’s right, InvestCore.Trade is one of those brokers that has chosen not to include a trading software as part of its package. Without a platform to trade on, users can not hope to profit from anything. Moreover, we cannot call InvestCore.Trade a broker.

There are no spreads, no available leverages, and no tradeable financial assets. Without these, we cannot call InvestCore.Trade a broker. Then, what can we label this company as? It’s up to our readers to decide.

The website of the firm is available in English, German, Spanish, and Russian.

INVESTCORE.TRADE REGULATION AND SAFETY OF FUNDS

The only thing that we have to work with here, in the entire website, is an alleged registration in the Commonwealth of Dominica.

For those of you not aware, the Commonwealth of Dominica is yet another offshore location in which brokers have nothing to be regulated by., The jurisdiction has no FX license issuer, and therefore all registered brokers are completely unregulated locally.

So InvestCore.Trade claims to be incorporated there, which may or may not be the case. It does not matter! What is of importance here is the fact that InvestCore.Trade is not regulated in the Commonwealth of Dominica.

And seeing that there is no further information that would be otherwise helpful in this section of the review, we have no other choice but to label this company a risk to all. It is not regulated, a risk, and a scam for sure!

Only trust regulated brokers. This means that the first thing you should do with any broker you come across that seems interesting is to check for a license. Any UKEUUS, or Aussie-regulated ones will do, although there are dozens of other great regulators out there! Regulated brokers are bound by the law to be as objective and secure as possible while providing a fair FX trading environment for all users. Any sort of deception or theft will be dealt with heavy fines and other legal penalties that may result in the impound of the entire company. Furthermore, the likes of the FCA and CySEC offer client compensation schemes that give users a financial safety net should their broker fall into insolvency. The FCA guarantees up to £85 000, while CySEC guarantees up to €20 000 per person.

INVESTCORE.TRADE TRADING SOFTWARE

The advertised MT4 on the user area is all but available.  There was an immediate error page when we tried to access it, which means that the MT4 promoted here is not available, making this a case of misleading promoting.

The next logical thing would be a web trader. Or so the broker tells us. It makes ut believe that we are left with a web trader, however, as it turns out, the web trader is also unavailable. Therefore, there is no trading software here!

INVESTCORE.TRADE DEPOSIT/WITHDRAW METHODS AND FEES

The user area is the closest we will ever get to the truth of the payment conditions. From the portal area, we learn that users can pay and withdraw via credit cards and a couple of crypto wallets. The minimum deposit is $250. May we remind you that crypto payments are untraceable, and as such are the favorite payment method used by unlicensed brokers.

According to the Deposit and Withdrawal Policy withdrawal take up to  7 days to get processed, while the docs also reveal that there are fees. Nevertheless, these charges have not been mentioned.

Why would anyone invest in a broker without a trading software is a mystery. This firm is unregulated and a risk to all users! Do not invest your money and time in it!

HOW DOES THE SCAM WORK

Scams function in much the same way they have worked since their conception. The just of it is as follows: the user gets slapped with false promises, gets to invest into one, and is then left without money.

These false promises take the form of online ads that are very attractive and alluring, so much so that even we find them appealing. And they will continue to evolve!

Some of these ads lead to investment scams, sources where the user will be encouraged to provide contact information that will be used to solicit her into investing.

The whole process of solicitation is where the scammers are best at. Sometimes they have whole teams of trained experts whose day-to-day job is to convince users to invest. They are further motivated by the fact that they receive a hefty commission from each deposit. There are scripts with psychological techniques and tricks that are effective against novice investors that still work to this day, judging by the statistics of how many people get scammed per yearly quarter.

The expert scammers move into position when the user is ready to invest for a second or third time. Here the goal of the game shifts to the quality of the deposit. All subsequent deposits should be higher, and the experts know how to bring about this.

All withdrawals will be stalled or held back, even if at times the users get a taste back- this is used to keep them invested in the scheme. Clients will find they have a very hard time withdrawing!

WHAT TO DO IF SCAMMED

A credit card or debit card chargeback should be the first place to look at. MasterCard and VISA have a chargeback period of 540 days. This method is the most used one, and certain scammer brokers even move to act against it, so be sure to act quick!

getting your money back that was originally lost through bank transfers is hard but not impossible. Users should first change their bank account username and pass, and then contact the bank to set a plan of action with the institution.

Unfortunately, crypto-based deposits are untraceable, and the only way to get them back is from out of the goodwill of the scammers. Safet to say, that scammer will rarely if ever deter from their in-born fraudulent nature.

Finally, do not give your money or payment details to recovery agents or agencies. They will promise to reimburse you by tracing the lost investments but will ask for a service fee. Once the fee is paid, they will disappear with the money!

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