Beware! Lifetimeinvestments.co 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.
At first glance, Lifetimeinvestments.co may seem like an almost credible broker, albeit an offshore one. But even a cursory look beneath the facade immediately reveals that this is in fact a typical fraudulent scheme. In fact, in many respects, Lifetimeinvestments.co is identical to dozens of other scam websites we’ve reviewed. Globexbull, Onecapital Invest, SmartCapital.Fund, CTsolutions, RockFordFX and Wise 4X. are just some of the most recent additions to this very long list.
LIFETIMEINVESTMENTS.CO REGULATION AND SAFETY OF FUNDS
According to the Lifetimeinvestments.co homepage, the website is owned by a company named Opulence Consulting LLC based in Saint Vincent and the Grenadines (SVG). Immediately noticeable is that the company’s name is embedded on the website as an image, which is usually done in order to prevent specific information from being detected by internet search engines. The company’s name is not mentioned anywhere else, including in the Terms and Conditions and other legal documentation.
The Financial Services Authority (FSA) of St. Vincent and the Grenadines database lists a company named Opulence Consulting LLC, but given the oddities mentioned, there is no reason to believe that this is the true owner of Lifetimeinvestments.co. But even if it is, this does not provide any guarantees for the user. SVG is an offshore area notorious for its lack of regulations on brokers. The FSA explicitly warns that it does not license brokers or oversee the activities of companies that engage in such activity – or in cases like the Lifetimeinvestments.co, only pretend to do so.
Apart from the lack of a name of a legal company, the text of the Terms and Conditions provides further evidence that we are dealing with fraudsters. There, the governing jurisdiction is listed as that of Estonia. Of course, neither the Lifetimeinvestments.co nor Opulence Consulting can be found in the Estonian Financial Supervision Authority (EFSA) register.
You should only trust legitimate brokers operating in one of the established financial centres like the UK, EU, USA or Australia. There, the activities of brokers are controlled by powerful regulatory bodies such as UK’s Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Commodity Futures Trading Commission (CFTC) in US or Australian Securities and Exchanges Commission (ASIC). Clients of these brokers receive protections such as negative balance protection and segregation of the client’s funds from the broker’s funds.
In the EU and the UK, brokers must also participate in guarantee schemes that cover a certain amount of the trader’s investment if the broker becomes insolvent. These guarantees amount to up to 20 000 EUR in the EU and 85 000 GBP in the UK. However, the likelihood of such a bankruptcy is low because regulators also have significant net capital requirements that companies must maintain – EUR 730 000 in UK and Cyprus, AUD 1000 000 in Australia and at least 20 million USD in the United States.
LIFETIMEINVESTMENTS.CO TRADING SOFTWARE
Like all the fake brokers listed above, Lifetimeinvestments.co also uses a pretty basic web trading platform. Here what it looks like:
Although the platform has the basic features for placing orders, customizing charts and application of technical indicators, it lacks the more advanced functionality found in the most widely used trading platforms in the industry, MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms have established themselves as industry standard because they offer a wide range of features, including a variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.
The presence of some kind of trading platform does not make this website any more legitimate and does not guarantee that this alleged broker offers real trading. Many scammers have trading software to fool their victims that their money is being invested.
LIFETIMEINVESTMENTS.CO TRADING CONDITIONS
It is clear that Lifetimeinvestments.co does not offer real trading and is not legally authorized to do so, but the terms described on the website provide additional clues that this is not a genuine broker.
Lifetimeinvestments.co claims to offer three types of trading accounts, with the starter plan promising zero commission and a spread starting at 0.0 pips. This would mean that the trader pays nothing to the broker, which of course is too good to be true. In the trading platform, we actually see a spread of 3 pips – double the industry average and very unprofitable for the trader. Against all logic, the descriptions of the more expensive plans describe less favorable terms.
The minimum deposit of 250 EUR is also far from competitive. For significantly less, you could open an account with a number of licensed brokers, including the industry’s leading brands.
The proposed leverage is between 1:100 and 1:300, with a level of 1:200 set in the trading platform. Regulated brokers do not offer such levels to retail traders as trading with high leverage carries risks of sudden and excessive losses. A maximum leverage of 1:30 is allowed in the European Union and the United Kingdom and 1:50 in the United States.
LIFETIMEINVESTMENTS.CO DEPOSIT/WITHDRAW METHODS AND FEES
The homepage claims that Lifetimeinvestments.co accepts bank transfer and credit cards, but in the deposit menu, instead of a wire transfer option, we see one for cryptocurrencies.
Scammers prefer cryptocurrencies because these transactions are not subject to refunds. While there are some legitimate brokers that accept Bitcoin, they do so alongside other transparent payment methods such as credit/debit card, bank transfer or popular e-wallets like Sofort, PayPal, Skrill and Neteller.
In the Terms and Conditions we find clauses that almost guarantee that it will not be possible to withdraw the money you made the mistake of depositing in Lifetimeinvestments.co. Firstly, if an account has received a bonus, it can only withdraw profits once it reaches a minimum traded volume of 30 times the bonus plus deposit.
And even more worrying, Lifetimeinvestments.co charges a whopping 10% levy on accounts that withdraw funds before they reach “200 in turnover”. It doesn’t specify 200 what – presumably they mean 200 lots, i.e. 20,000,000 currency units. Such vague and extortionate clauses are typical of fake brokers.
HOW DOES THE SCAM WORK
Many people have a desire to invest in the financial markets but lack the necessary knowledge and experience. This makes them a potential victim of the many internet scammers posing as brokers and investment intermediaries. These types of scams have exploded alongside the cryptocurrency boom.
If you trust such a website and give them your personal information, you will be contacted by experienced scammers who will entice you with promises of easy profits. The scammers usually offer to take over all aspects of investing for you, sometimes even prompting you to install remote access software on your personal computer. After investing an initial low amount, they will convince you that you are already making incredible profits and urge you to invest more.
But you will never get the promised profits, nor will you be able to get your money back. If you want to withdraw funds from your account, you will find that you have suddenly lost everything in the market, or that you have to meet impossibly high traded volume requirements, or that you have to pay huge fees. It is also possible that fraudsters simply disappear because they hide behind fake names and shell companies in offshore areas that are not subject to any control and regulation.
WHAT TO DO WHEN SCAMMED
One of the few options to get at least some of your money back in such a situation is to ask for a chargeback. But this is only possible if you have used a credit or debit card for the transaction. Scammers typically use cryptocurrencies or dubious e-wallets that make it impossible to get your money back.
Under no circumstances should you trust people and websites that promise to magically refund your lost money for an upfront fee. This is also a well established scam. You may even fall victim to the same scammers again.
Jose
Good evening, Too bad I didn’t get that information earlier because I hadn’t made the biggest mistake of my life.
These H………… uta, why don’t they have another adjective to classify them, They play with people’s feelings and emotions in such a miserable, cold, calculating way And without any feelings towards people that it seems unbelievable that this class exists of people in the world.
Well, as the colleague says, not a single point has been left out of everything he says, that’s how it was and that’s what they did with me, adding many more things.
I am 47 years old and I am a person who has been working since I was 15 years old and these people have swindled me of €240,000 nothing more and nothing less, all my life savings and from the sale of my apartment where I lived all my life, It is painful that they scam you money but it is more painful how they laugh in your face and for two and a half months thinking that what you are doing is well done and that it was simply done to get a return on money saved that the bank did not give me anything, obviously for me to carry out these movements and in this way, it is because I let myself be advised by a person who is within this company that all I did was go to their website and register to see all the information I needed and they called me at minute zero and from there everything that came.
This is like everything, said the person with whom I spoke practically every day, The more goals you will get, the more you will get if you put 200,000 in a year I will get you 1 million euros if you put 300,000 it will get you 300,000 million and of course, as I have already mentioned before, I am a person who has worked a lot and I do not understand the stock market or Cryptocurrencies or currencies And I just wanted to make my money profitable, the only thing I have done has been to make my life bitter myself for being a fool because it is the only thing you think, what a fool I have been , how has this happened to me, how could it have happened to me in this way, what have I done to deserve this and countless things and adjectives that you crush on yourself, because you only think that why have I not stayed still and how I was.
This was three weeks ago and the truth is that I have very few options to get my money back and I don’t know if you know of any company that isn’t fake and that scams me again, to see what can be done.
As the colleague who writes the article says, Practically the son of a bitch calls him David Hutler, which is obviously not his name, He made me the first 60,000 with a bank transfer and then put it in a Wallet with a USDT and then pass it on to him where Supposedly it was the Wallet of the company.
Excuse me for my writing and I hope that no one makes a deposit in this kind of company.
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Buenas noches, Lástima no haber sacado esa información antes por qué no hubiera cometido el mayor error de mi vida.
Estos H………… uta, por qué no tienen otro adjetivo para clasificarlos, Juegan con los sentimientos y las emociones de las personas de una forma tan miserable, fría ,calculadora Y sin sentimientos ninguna hacia las personas que parece mentira que existan esta clase de personas en el mundo.
Pues como cuenta el compañero, No se ha dejado ni un punto de todo lo que dice ,así fue y eso hicieron conmigo,añadiendo muchas más cosas.
Tengo 47 año y soy una persona que llevo trabajando desde los 15 años y estas personas me han estafado 240.000 € nada más y nada menos ,todos mis ahorros de toda una vida y de la venta de mi piso donde toda mi vida vivi, Es doloroso que te estafen dinero pero es más doloroso como se ríen en tu cara y durante dos meses y medio pensando que lo que estás haciendo está bien hecho y que simplemente se hizo por sacar una rentabilidad a un dinero ahorrado que el banco no me daba nada, evidentemente para yo realizar estos movimientos y de esta forma , es porque me dejé aconsejar por una persona que está dentro de esta empresa que lo único que hice fue meterme en su página web y darme de alta para ver toda la información que necesitaba y me llamaron al minuto cero y a partir de ahí todo lo que vino.
Esto es como todo, decía la persona con la que hablaba prácticamente todos los días , Contra mas metas más te llevarás si metes 200.000 en un año te conseguiré 1 millón de euros si metes 300.000 te consigue millón 300.000 y claro como ya he comentado antes soy una persona que he trabajando mucho y yo no entiendo ni de bolsa ni de CriptoMonedas ni de divisas Y solo quise rentabilizar mi dinero , lo único que hecho ha sido amargarme la vida yo mismo por tonto porque es lo único que piensas, que tonto he sido , como me ha pasado esto a mi, como me han podido pasar de esta forma, que hecho yo para merecerme esto y infinidades de cosas y adjetivos que te machacas a ti mismo, porque solo piensas que por qué no me he quedado quieto y como estaba.
De esto fue hace tres semanas y la verdad que tengo muy pocas opciones de recuperar mi dinero y no sé si ustedes conocen alguna empresa que no sea falsa y que me vuelvan a estafar, para ver qué se puede hacer.
Como dice el compañero que escribe el artículo, Prácticamente el hijo de puta llámalo David hutler que evidentemente no es su nombre, Me hizo Los primeros 60.000 con transferencia bancaria y luego ponerlo en una Wallet con un USDT para después pasárselo dónde Supuestamente era la Wallet de la empresa.
Perdonen por mi escritura y espero que nadie haga un depósito en esta clase de empresas.
Paulo Ramos
I was swindled by this rabble for €7000 and I have already handed over the complaint to the Portuguese police and I hope you do too. I deposited €500 and I had won €120 and I wanted to withdraw the money, when I tried to withdraw and they claiming to be an official and credible company ended up entering my account to withdraw the money I had in the account to binance and now I don’t know where to but I hope they will be discovered. Please do the same to see if the international police catch these scammers.
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Eu fui burlado por essa gentalha em 7000€ já entreguei na policia portuguesa a queixa e espero que voces o façam também. Depositei 500€ e estava de ganho 120€ e quis levantar a verba, ao tentar levantar e eles alegando serem uma empresa oficial e credível acabaram por entrar na minha conta sacarem o dinheiro que tinha na conta para a binance e agora não sei onde para mas espero que venham a ser descobertos. Façam por favor o mesmo para ver se a policia internacional apanha estes burlões.
Lifetimeinvestnents.co looser
ATTENTION !!! ALARM !!!
ALL THE ACTUAL and prospective clients of https://lifetimeinvestments.co/ !!!
STOP all the activities with this company , IT IS SCAM !!! STEALING YOUR MONEY!!
The methode written in this article (FOREX REVIEW) how they steal your money is VALID !!
Step by step they request more via BINANCE and NEVER PAY BACK any cents.
Any nice „plan” , „project” the account manager offers is CHEAT.
Day by day new conditions which are nowhere in the „legals” files they set up to get more and more money from You in order You to be able to get the right to withdraw your money.
If the client is not willing to pay more they threaten that they crash your account and you loose your whole investment. Don’t belive them, all the plus investment you pay is lost.
They collect the money through Binance, DO NOT PAY to them via Binance !If you pay through Binance to them, you are lost!
The CLIENT PORTAL and WEBTRADER are FAKE ! there is no any valid link to the valid stock exchange
They can reach easy to „boost” your accont with a „CREDIT” which your account manager can put on your webtrader platform. If You accept it , you are lost ! They will request to pay „the credit” out UPFRONT before you can withdraw any cents from your „BALANCE” at all.
If they promise that you can withdraw your money (except of the first 250 USD) immediately after your transfer , just first you must tranfer the amount to them, you are lost !
Hereby also some phone number they use:
+44 20 3727 0250
+44 7723 873358
+44 20 3807 3075
+44 1237 739005
+44 20 3807 4919
If You recognize anyone in your contact history with them, you are lost.
Some of the phone numbers do not work at all, if you call them, just when they want.
As a client they open account(s) for you: …5XXXXX-1:200/USD is the standard format. if you recognize this accont number format in your webtrader, you are lost.
They are using in their mail address: … @lifetimeinvestments.co, if you recognize it in your contact history, you are lost.
Ont he website you can find „contact us” … THIS IS FAKE
…[email protected] helpline IS FAKE, the help line phione number doesn’t ring out at all: +442070971934
Don’t let you misleading that these negative experiences are in minor and they can show you a lot of positive experinces at the same time ! … I belived it and I lost money !!
Don’t belive them that they do not have any Spanish or Portugal clients on base of their internal investigation…IT IS NOT TRUE !!
Don’t belive that this article is ordered by the competition, especially by Banks who would like to ruine the image of Lifetimeinvestments… IT IS NOT TRUE!!!
I AM READY TO SHARE ALL MY EVIDENCE with all the person (my victim fellows) in order to find them and stop them to make even more people’s life a nightmare.
If you want other more objective info : https://scamrecovery.net/trading/lifetime-investments/
Please, do not hesitate to write here and we can start contact!
Steve
I went through the same thing, they cheated me out of 70,000 usd and I should pay extra money, but I don’t pay anything. I RECOMMEND OTHERS TO AVOID THESE SCAMMERS!
oyin Ade
Read about lifetime investment scam (Reddit) .
Jose
José
August 29, 2022
I have invested €250 (they were calling me every day to invest more) and I have problems recovering it with excuses like linking an account and other stories. Luckily I only invested the €250
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Jose
29 de agosto de 2022
He invertido 250€ (me estuvieron llamando todos los días para que invirtiera mas) y tengo problemas para recuperarlos con excusas como que vincular cuenta y otras historias. menos mal que solo invertí los 250€