InvestCore Forex broker working with a negative balancePaul Roberts 23 / April / 22 Visitors: 46
UK-based internet broker InvestCore is a scam with tarnished notoriety.
When we get to the official website of InvestCore - Investcore.pro, we will find out that our organization provides intermediary services for operations on the Forex market in the UK. InvestCore also provides software for financial transactions.
Our experts analyzed the InvestCore website, got acquainted with the terms of action, made attempts to get at least demo access to the programs, investigated the existence of securities, the region of the company's residence.
With the help of the data obtained, we will find out: Is InvestCore a scam or not?
We will also tell you how not to get into the networks of scammers, about their methods of action. We will provide the necessary information to keep your money safe.
InvestCore organization is located in an offshore zone
The first sign that says that InvestCore is bandits is the region of residence. Documentally, the organization is registered in the Republic of the Marshall Islands, which is already suspicious, since the company operates in Britain. Offshore regions attract the attention of swindlers due to the lack of legislation and executive power.
Also, this region does not have the authority to trade Forex.
In addition, when our specialists tried to find the physical address, information about the owners and management of InvestCore, they were unable to identify anything.
This already suggests that Investcore.pro is a shadow broker, working with which will result in significant financial losses.
Lack of information about the directors of InvestCore
After examining the website, we have not been able to identify truthful information about the leadership of the InvestCore organization. No physical address, no phone numbers or other methods to get in touch.
We assume that this means that the current owners are trying to hide data about themselves in order to hide from punishment for their actions. And even if one of the InvestCore employees can be caught, then everything will end there, and the actual heads of the fraudulent company will remain free with the money.
InvestCore, official website - InvestCore, is less than thirty days old
The InvestCore website speaks of significant experience in operations in the Forex financial market.
The main way to study any site is to obtain data about its domain. Most often, they contain the age of the domain, the contact information of its owner.
In this case, the InvestCore domain name exists for less than thirty days, and all data about the individual who owns it is classified. Another proof that the owners of InvestCore are trying to remain anonymous.
This desire can be supported, but not when it comes to a financial organization that works as an intermediary between a trader and the Forex market.
In addition to this, InvestCore themselves assure their users that they have been successfully trading Forex for many years.
InvestCore does not have a demo period
It is a common practice for Internet brokers to give users a demo version of the software so that they can get acquainted with the interface, try their hand at playing the Forex market with a fake currency.
Unfortunately, on the official website Investcore.pro, we could not find any mention of a trial period, the opportunity to try out the software.
We think that the owners of the Investcore.pro organization are most likely not going to give traders demo access to a paid service, since one of them is able to suspect fraud.
Broker InvestCore operates with a negative account
Legal companies that trade on Forex do not use a negative balance in their work. By law, a broker's client is not able to spend more than what is currently on his account. In rare cases, when the balance goes into a negative value, its debt will have to be repaid not by the trader, but by the organization that provided the services.
Therefore, official online brokers do not use a negative balance in their work.
And yet, InvestCore provides its users with Forex operations with a negative account, that is, on credit.
What is it for?
To drive a trader into a loan and demand to pay the debt. This is one of the most popular methods of deception used by financial scammers.
If this happened, you need to know that scammers do not have the opportunity to receive investments under UK law. All methods of pressure on users are illegal. The most that scammers are capable of is to disturb with calls, send out letters with demands.
It is impossible to cooperate with Investcore.pro, since the agreements will turn into new expenses.
Investcore.pro work with a leverage of one to 400 or more
Already, it becomes clear that InvestCore are scammers. And yet, let's pay attention to another fact, namely the presence of an extremely high credit ratio.
Leverage is the ratio of the funds of traders and online brokers when concluding a transaction. It allows you to conduct large trading operations for clients who do not have access to the appropriate money.
In order to protect traders in the Forex market, in civilized countries the laws provide for the use of leverage with the highest ratio of 1 to 30, in exceptional cases fifty.
At the same time, InvestCore applies a credit leverage of 1 to four hundred to earn money in the Forex market.
Such a ratio is allowed in Switzerland, since the organizations registered in this power enjoy considerable confidence. However, InvestCore is not registered there.
In fact, InvestCore is not allowed to trade in the Forex market with such a credit ratio, due to the high risk to users. Actually, this is used to force the trader not only to give away as much personal finance as possible, but also to drag him into loans.
Local divisions of InvestCore
It is considered prestigious for a company to have local branches in civilized countries, even if the activity takes place exclusively in the UK. So InvestCore informs that in addition to many awards, there are regional divisions in the UK, Australia and other civilized countries, and in addition about many competent specialists.
It is easy to check the existence of these subdivisions. Since there are specialized structures that control the work of Internet brokers. In the UK it's FCA, and in Australia it's ASIC.
Because of this, a legal organization is required to have permits from these or other structures that will prove their right to provide services for trading operations on the Forex market, and determine the level of responsibility.
However, after analyzing industry official websites, our staff could not find them. This once again reinforces the fears.
For registration on Investcore.pro, you must transfer personal data
As we mentioned earlier, InvestCore does not have a demo period and, accordingly, in order to gain access, you must immediately pay the minimum contribution to InvestCore scammers. Also, access to the Investcore.pro personal account is really only upon successful completion of the client verification.
This means that InvestCore requires its users to transfer data such as:
- Information about an individual (passport, driver's license, etc.);
- Information about permanent place of residence (receipt for utilities);
- Information about qualifications, length of service, place of work.
Also, during the initial payment, scammers can get access to bank account data.
Combined, this information can allow scammers to hang a loan on a client, or implement other illegal frauds.
Since it is necessary to transfer personal data to register on the Investcore.pro website, our employees did not get access to the InvestCore personal account and the software for making money on the Forex market.
Real reviews about InvestCore
An extremely important point of exposing InvestCore is the analysis of user reviews.
A detailed analysis of the search results on the Internet gave the following information:
- Most InvestCore reviews on the internet are lies. These are similar positive references to a paid character;
- All real mentions and comments about InvestCore are bad. Our employees were unable to identify plausible references and comments from former Investcore.pro clients, which speak of high income, effective activities.
- Negative reviews and mentions are associated with criminal acts, theft of investments, the artificial creation of debt.
Because of this, real InvestCore reviews suggest that the online broker in question is a culprit.
Contact details and documents InvestCore
After analyzing the data on Investcore.pro, our specialists saw a lot of dubious digital white papers that can be easily made using a graphics editor. They are not confirmed by official firms, which means they cannot be trusted.
If an Internet broker is not associated with regulatory companies, then users simply have nowhere to turn for help.
On the "Contacts" page, our specialists identified a phone number. It turned out that it had already been used by an illegal broker. There are also many reviews on the network about fraudulent activities associated with the phone number listed on Investcore.pro.
Withdrawing money from Investcore.pro
Are you going to make money with the help of Forex online broker? Make sure that you can take away investments from him.
When analyzing the user agreement on the InvestCore website, our experts did not see specific information about the withdrawal methods. In addition, our employees found a description of punishments for long-term inactivity of a personal account, but did not find data about the size. Since scammers do not work in the official field, it is impossible to protest these fees.
That is, even if a trader has completed cooperation with InvestCore, they may start calling and spamming him demanding to pay a fine.
How does InvestCore operate?
The method of finding new clients that InvestCore uses is also alarming.
For advertising, fake social media accounts are used, in which non-existent people report how they quickly managed to get income working on Forex with the help of InvestCore. Advertising profiles show expensive cars and clothes, trips to resorts and other manifestations of a prosperous life.
They guarantee instant earnings, for which you do not need to learn or put a lot of effort.
When a potential trader comes into contact with criminals, InvestCore employees report the possibility of rapid profits, and in addition, some unique features of their software that will allow you to instantly earn a solid income.
Then all sorts of tricks are used to get as many deposits from the client as possible. For example, a client may be given a fake profit in order to provoke them to invest even more money.
When trading on the Forex financial market becomes negative, the representative of the organization will offer to transfer more in order to compensate for the negative.
InvestCore employees act according to algorithms created by experienced manipulators. Fraudsters study information about the client in order to act on weak points and get more money.
As a result, everything will come down to one of the options:
- When you decide to withdraw the money before you find yourself in debt, you will be charged with fines, have your assets closed, and will do anything to force you to transfer even more;
- When you allow the scammers to drive the account on credit, threats will go, the criminals will begin to demand the return of the fake debt.
An additional method to earn income for InvestCore can be the sale of your confidential data to interested organizations. We think that, after that, detailed information about you will really be obtained for a small amount of money on an anonymous telegram channel on the darknet.
Most likely, after that, various scammers, sales managers, etc. will begin to spam you more often. In addition, you can wait for messages from colleagues Investcore.pro, who will begin to offer a "return" of lost deposits, of course, for a fee.
Since InvestCore does not operate in the legal field and remains anonymous, Investcore.pro cannot be forced to respond under current law in the UK. The owners of the criminal firm are carefully hiding and, at best, law enforcement agencies will be able to figure out one of the "employees".
Should I trust InvestCore?
Only if you are going to transfer finances to the bandits, then spend them on a good cause.
In short, we list the facts that say that InvestCore are scammers:
- Lack of official registration;
- No trial period;
- Lack of information about the owners of the company;
- Phone number seen in fraudulent schemes;
- Negative balance;
- Leverage greater than one in fifty;
- Bad reviews;
- Invalid data on the website.
Detailed review of InvestCore - over. It is clear that InvestCore are criminals.
Paul Roberts 51 years old Born in Edinburgh. Married. Studied at University of Oxford, Department of Public Policy and Social Work. Graduated in 1997. Works at Standard Life Aberdeen plc.