Certa Invest review: 5 things you should know about certainvest.io

Certa Invest review: 5 things you should know about certainvest.io

Rating: 1

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

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Certa Invest is an offshore broker operating out of St. Vincent and the Grenadines, therefore, doesn’t hold a forex license as this country doesn’t regulate the forex industry. Be very cautious with this particular firm since it also has a warning from the local authority in the UK – the Financial Conduct Authority, which states that this broker is not to be trusted. Certa Invest also claims to offer a high leverage of 1:600 – a very risky level of leverage that is not recommended for retail traders to be honest. If you consider investing with Certa Invest then think twice and read the full review for more details on why we think this firm is a scam.

Regulation and safety of funds

On its website Certa Invest claims to be owned and operated by Raconteur Consulting LLC – a company based in St. Vincent and the Grenadines.

Now, as you probably know, St. Vincent and the Grenadines is a country which doesn’t regulate the forex market and no institution there is to give licenses to the brokers. The local authorities clearly state that forex trading brokerage activities are not licensed in this country. For example the Financial Services Authority (FSA) displays an important notice the moment you land on their website. If you follow the link you’ll see the whole statement. Take a look:

As you see, FSA states that forex brokers are not licensed in St. Vincent and the Grenadines and goes on warning potential investors that trading with such unregulated firms is at their own risk.

This being said, it’s already clear that Certa Invest doesn’t hold a forex license and its activities are not overseen by any authority. Don’t underestimate such firms, as they can be highly tricky and even dangerous – they don’t follow any rules so you never know what they are capable of.

However this is not the worst thing about this broker. It turns out that there is a warning from the local entity in the UK – the Financial Conduct Authority (FCA). It clearly states that Certa Invest is an unauthorized firm and may be providing financial services in the UK without their permission. See for yourself:

With so many negatives being exposed about Certa Invest, it’s needless to say that you better stay away from this offshore broker for your own good!

Investing with a regulated broker is the right thing to do without a doubt. You can rely on its credibility and good reputation, but also can always turn to the relevant authority to protect your rights. Reputable brokers must meet certain requirements in order to be granted a license. It’s not that simple however – the obligations are so strict that only a few brokers manage to fulfill them.

The first and most important requirement is that every regulated broker must have an initial net capital that serves as a guarantee for its financial stability. In the countries where the forex trading is regulated, the amount varies – 730 000 EUR for most of the countries in the EU and the UK, Germany being an exception with its 750 000 EUR requirement. The amount is even more in Australia – 1 000 000 AUD, and in the US – 20 000 000 USD in order to get a license.

Moreover, every authorized broker in the EU and the UK must take part in a compensation scheme. This means that if the broker you are trading with happens to be insolvent (very unlikely, but anyway) you can be compensated by the local authority for up to a certain amount – up to 85 000 GBP in the UK and up to 20 000 EUR in most of the countries from the EU. Some EU countries like Greece and France offer even higher compensation – up to 30 000 EUR and up to 70 000 EUR relatively. The same can not be said for Australia and the US, since brokers there are not obligated to take part in such compensation schemes at all.

In addition there’s one more great benefit from investing with a regulated broker – your safety of funds. Not only that you can fully rely on the company to handle your personal information, but you can also be completely sure that your money’s not going to be stolen or misused. The reason being that all licensed brokers must keep its client’s funds in segregated accounts, apart from its own capital.

Trading platform

On its website Certa Invest promotes its Web Trader as being “designed for modern traders” and having “new tools and technology”.

As soon as we registered we got access to a web-based trading platform, containing some simple indicators and tools. Have a look:

There’s nothing interesting to be said about it to be honest – it provides basic features that every other web-based trading software has. It certainly can’t compare to more advanced platforms like MetaTrader 4 or MetaTrader 5. All in all we don’t think it’s worth the risk of investing with such a scam firm like Certa Invest.

Most reputable brokers usually rely on more sophisticated trading platforms like MetaTrader 4 and MetaTrader 5. They are proven to be the best piece of software for trading purposes nowadays and have been downloaded by millions of people so far.

MetaTrader 4 and MetaTrader 5 happen to be the most popular trading platforms around the world. Both brokers and traders praise them for a good reason, mainly because of how secure and stable they are. You can always rely on them to execute your orders promptly and efficiently. Not only that but all the essential information such as transactions and your IP address is encrypted.

MetaTrader 4 and MetaTrader 5 have some outstanding features but the best one according to traders are the Expert Advisors. These bots have one particular task – to search for certain conditions and to start trading the moment they find them. A truly unique feature that only MT4 and MT5 can brag about.

MetaTrader 4 and MetaTrader 5 are perfect for beginners as well for more advanced traders. You can keep your knowledge up to date with a variety of educational resources and daily forex news. They are also very easy to navigate – you don’t need any previous experience in order to use them. MT4 and MT5 can be downloaded on different devices like PCs, smartphones and tablets.

Unfortunately not long ago Apple removed both of them from its AppStore so MT4 and MT5 can’t be downloaded on Android devices anymore. We really hope this measure is temporary. As for the users that have already downloaded the app, they can continue using it but without any future updates or upgrades. MetaTrader 4 and MetaTrader 5 can still be installed through Google Play Store.

Trading conditions

Certa Invest doesn’t display a lot of information about its trading conditions – apparently you have to register in order to find out what spread they offer, which is not a good sign. Let’s see what they say about their leverage and minimum deposit right away.

On its homepage Certa Invest mentions a leverage of 1:600 – too high of a level without a doubt. Every experienced trader will tell you that investing with such high leverage comes with an inevitable risk of losing your money. In fact it’s not even an actual trading any more, but looks more of a gamble. So be careful and stay away from such trading conditions. Not to mention that the leverage is limited to 1:30 and 1:50 in the EU and the US respectively, but again since brokers in St. Vincent and the Grenadines are not obligated to follow any rules, you can’t expect a safe trading environment.

Yet, if you are willing to take the risk and want to trade with high leverage, we recommend choosing some of the offshore subsidiaries of reputable forex brokers here.

As for the minimum deposit that Certa Invest requires, we looked at their payment methods chart and found out that the amount is 250 EUR. This is a standard amount that most reputable brokers usually ask for. Of course scammers also tend to ask for the same sum, so this is not a sign of credibility.

Only after we opened an account were we able to see the spread that Certa Invest offers. As you can see from their trading platform the spread happens to be around 3 pips. This is also a very high amount, as any spread more than 2 pips comes with higher trading costs. Always look for lower spread – for example a spread between 1 and 2 pips is very advantageous and is also very often to be seen with regulated brokers.

Deposit/ Withdrawal methods and fees

Certa Invest claims to accept payments with popular credit/ debit cards, as well as wire/ bank transfer and crypto transactions via Bitcoin. This is the chart that they present on their website:

After we registered and made an attempt to deposit a sum, the options we were given were credit card and some more cryptocurrencies such as BTC, ETH, USDT. Take a look:

No wire or bank transfer is to be seen here however. The credit card payment seemed to work fine, and the same applies to the cryptocurrencies.

Bear in mind that scammers usually prefer that you use crypto coins for a couple of reasons. Firstly, all crypto transactions are proven to be 100% irreversible, so you can’t overturn the process whatever you do. They are also absolutely anonymous – you don’t know for sure to whom the wallet belongs therefore you can’t prove anything even if you have been scammed.

Most of the reputable brokers usually offer a variety of payment options to choose from – along with the traditional Visa/Mastercard and bank transfer, you can also pay via popular e-wallets like Skrill, Neteller and PayPal. Unlike crypto transactions, all of the above mentioned payment methods give you the opportunity to take care of your rights in the unfortunate event of being scammed. You can file for a chargeback (credit/debit card) or open a dispute (e-wallets).

Our final thoughts on Certa Invest – don’t waste your time and money with this scam broker and certainly don’t risk being deceived!

How does the scam work

Never underestimate online scammers as they happen to be unexpectedly inventive and come up with different ideas on how to deceive people literally every day. Most importantly, remember that offshore brokers don’t have any intention to actually invest your money and don’t care about your prosperity. Their only goal is to make you invest as much as you can and then drop out of sight completely (with your money of course). There are some techniques that are a red flag, so if you come across them, just flee as fast as you can.

Firstly, scammers would try to reach out to you via email or phone, so providing such information carefree is not a good idea. If they succeed in getting this material however do expect a lot of phone calls and emails that contain their promise to double your investment – “risk-free” indeed.

They might also guarantee a very high return on investment without any hard work from your side. This sounds ridiculous already – any investment on the forex market holds more or less risk and requires some knowledge. In fact regulated brokers are obligated to post a warning about trading risks on their websites.

The next step in scammers` fraudulent practice is to manipulate their trading software and make it look as if your funds are being invested and you make huge profits at the same time. This is also a lie with no doubt. Scammers just want to make you invest a “little more” again and again and will take advantage of you as much as they can.

They might also offer some kind of welcome bonus just to make you get in the game. Note that such bonuses come with strings attached – a very high volume requirement you certainly won’t be able to achieve. Not only that but reputable brokers in the EU are restricted from offering such bonuses or promotions exactly because of this malicious practice.

Unfortunately most people realize that all of the above is a lie when it’s too late. Once you try to withdraw any funds from your account you will find out that this is impossible. First however scammers might ask for a certain fee upon the withdrawal request – 10% or even 20%. Note that most reputable brokers don’t ask for a fee at all. Anyway, there’s no point in paying this fee, because even if you do, you still won’t be allowed to withdraw your money. Therefore you may end up losing everything.

What to do when scamed

Certainly there are some Dos and Don’ts when it comes to online scam.

Your first move has to be to turn to the bank that issued your credit or debit card in case you paid with one and file for a chargeback in 540 days. If you have used Skrill, Neteller or PayPal you can also open a dispute. Unfortunately crypto transactions are irreversible and anonymous as we already said, so they are not eligible for a chargeback.

It’s also 100% sure that you shouldn’t turn to people on the internet who suggest restoring your stolen funds in exchange for a certain fee. These people are most probably also fraudsters, so don’t take the risk of losing even more money!

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