Why is the brokerage company InvestCore a scammer
By The Forex Review - 24 / April / 22 562
Dominick Bell
InvestCore, an online broker operating in England, is considered a scammer with a bad reputation.
If we go to the official website of InvestCore - Investcore.pro, we will find out that the organization under study provides brokerage services for trading operations in the Forex financial market in the UK. In addition, InvestCore offers software for financial actions.
Our experts explored the InvestCore website, got acquainted with the working conditions, tried to get at least test access to the programs, looked at the existence of securities, the region where the company was registered.
With the help of this data, we will figure out: Is InvestCore a scam or not?
In addition, we will explain to you how not to get hooked by criminals, about their methods of action. We will tell you all the necessary information in order to save money safely.
InvestCore organization is located in an offshore zone
A serious sign that InvestCore is a scam is the country of registration. The company is officially registered in the Republic of the Marshall Islands, which is already in doubt, since the company operates in the UK. Offshore states attract the attention of deceivers due to the lack of legislation and control.
In addition, this country does not have the rights to trade in the Forex financial market.
In addition, when our specialists tried to find a physical or legal address, mentions of the owners and directors of Investcore.pro, they could not reveal anything.
Such a demonstration that InvestCore is a fake broker, working with which will result in serious financial losses.
No details of InvestCore directors found
After analyzing the official website, our specialists have not been able to find reliable information about the organizers of the InvestCore organization. No addresses, no phone numbers or other means of communication.
As a rule, this means that the current leaders are trying to hide information about themselves in order to hide from answering for crimes. And even if one of the InvestCore employees can be exposed, then everything will end there, and the real owners of the criminal organization will remain at large.
InvestCore, official website - Investcore.pro, is less than thirty days old
The InvestCore website talks about a lot of experience in Forex.
The main method of studying any official site is to obtain data about the domain. As a rule, they indicate the age of the domain name, information for contacting the owner.
In this case, the domain name Investcore.pro exists for less than one month, and the data about the person who owns it is hidden. Another evidence that the director of InvestCore is trying to remain incognito.
Such a desire can be accepted, but not when it comes to a financial firm that works as an intermediary between a trader and the Forex financial market.
At the same time, Investcore.pro themselves assure users that they have been successfully working on Forex for quite a long time.
InvestCore does not have a test period
It is a common practice for brokers to give users a demo version of their programs so that they can familiarize themselves with the interface and try their hand at Forex trading with fake money.
Unfortunately, on the Investcore.pro website, we did not find any mention of a trial period, an opportunity to try the programs.
We assume that the organizers of the company Investcore.pro simply do not plan to give users trial access to paid software, since some of them are able to suspect fraud.
Online broker Investcore.pro operates with a negative balance
Legal firms that trade in the Forex financial market do not use a negative account in their work. By law, the broker's client is not able to spend more now is on the balance sheet. In rare cases, when the balance still goes into a negative value, its debts must be repaid not by the trader, but by the organization that offered the services.
Because of this, honest Internet brokers do not use a negative balance in their activities.
However, InvestCore provides its traders with work with a negative account, that is, in debt.
Why is this needed?
To drive the user into a minus and extort to repay the loan. This is one of the most commonly used fraud methods used by financial scammers.
If this has already happened, you need to know that the scammers have no way to get finances in accordance with the laws of Britain. Any methods of influencing users are illegal. The most that scammers are able to do is call, write messages with demands.
You cannot work with InvestCore, as any agreements will result in losses.
InvestCore work with a credit ratio of 1 to 400 or more
At this point, it becomes clear that InvestCore are scammers. However, let's point out another fact, namely the existence of too much leverage.
Leverage is the ratio of funds of users and brokers when making a transaction. It allows large trading operations to be carried out by clients who do not have sufficient funds available.
In order to protect clients in the Forex financial market, in developed regions, the current laws provide for the use of leverage with the highest ratio of 1 to 30, sometimes 50.
At the same time, InvestCore uses a leverage of 1 to 400 to make money on Forex.
Such an attitude is permitted in Switzerland, since companies registered in this country enjoy considerable credibility. But InvestCore is not registered in this country.
In fact, InvestCore cannot trade Forex with this leverage due to the high risk to users. Actually, this is done to force the client to transfer more personal money, but also to drive him into loans.
Local divisions of InvestCore
It is considered important for a financial company to have local offices in civilized countries, even if the activity takes place only in Britain. So InvestCore informs that in addition to many awards, they have regional offices in the UK, Australia and other civilized countries, and in addition about thousands of experienced employees.
Checking the reality of these divisions is elementary. After all, there are industry organizations that regulate the actions of Internet brokers. In England, this is FCA, and for example, Australia - ASIC.
Therefore, a law-abiding company must have permits from these or other organizations that will confirm their authorized right to provide trading services on the Forex market, indicate the level of responsibility.
However, having studied specialized web sites, we did not find them. This once again reinforces suspicions.
For registration on Investcore.pro, you need to transfer confidential data
As we mentioned earlier, InvestCore does not have a trial period and, accordingly, in order to gain access, you must immediately transfer the minimum deposit to InvestCore scammers. Also, access to the Investcore.pro personal account is possible only upon successful completion of the client's confirmation.
This means that InvestCore requires its users to provide information such as:
- Information about an individual (passport, driver's license, etc.);
- Data on the permanent place of residence (scans of utility bills);
- Data about qualifications, experience, place of work.
Also, during the initial transfer, the bandits are able to access bank card information.
Combined, this data can allow scammers to put a credit on a deceived user, or perform other illegal activities.
Since for registration on the official website Investcore.pro, you need to transfer your personal data, our employees did not get access to the personal account of InvestCore as well as software for trading operations on Forex.
Real reviews about InvestCore
The most important step in exposing InvestCore is the analysis of customer reviews.
A detailed study of the search results on the Internet allowed us to obtain the following information:
- Most of the InvestCore reviews on the Internet are lies. These are similar positive references and custom-made comments;
- All true references to InvestCore are negative. Our experts were unable to find reviews from former users of Investcore.pro, which report high income, effective trading.
- Negative mentions and comments are caused by illegal activities, theft of deposits, creation of debt.
Therefore, reviews of InvestCore indicate that this broker is a criminal.
Contact information and papers InvestCore
Analyzing the information on Investcore.pro, we found a lot of dubious digital documents that can be easily made using a graphics editor. They are not confirmed by official companies, which means they cannot be trusted.
If an Internet broker is not associated with regulatory organizations, then traders simply have nowhere to turn for help.
On the "Contacts" page, we saw a phone number. It turned out that it had already been used by an illegal internet 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 a Forex broker? Make sure you can take money from him.
Having studied the trade agreement on the official website of InvestCore, our specialists did not reveal specific information about the methods of withdrawing funds. We also saw a mention of fees for long-term inactivity of a personal account, but did not find information about their amounts. Since scammers do not operate in the official field, it will not be possible to cancel these fines.
Because of this, if the user has completed work with InvestCore, they can start calling and sending messages demanding to pay a fine.
How does InvestCore work?
The method of searching for new users that InvestCore uses is also suspicious.
For promotion, fake profiles in social networks are used, in which fake users spread information about how they instantly managed to get rich by working on Forex with the help of InvestCore. Bots expose expensive cars and houses, travel to resorts and other indicators of a prosperous life.
Fakes promise instant income growth, for which you do not need to learn or put a lot of effort.
If a potential trader comes into contact with scammers, InvestCore employees confirm the reality of quick earnings, and in addition, about some unique abilities of their software, which allow you to instantly earn big earnings.
After that, various tricks are used, making it possible to get the maximum money from the client. For example, you can draw a fake profit to motivate you to give even more money.
When the work on Forex is negative, the company representative will recommend transferring even more to close the negative.
InvestCore employees work according to algorithms created by experienced manipulators. Scammers analyze customer data in order to act on vulnerabilities and get more money.
In any case, everything will come to one of two results:
- When you want to receive money before you find yourself in the red, you will be charged fees, freeze your balance, and do everything to force you to transfer more;
- When you let the scammers put you on credit, the threats will start, the scammers will extort you to return the false debt.
An additional way to make a profit for InvestCore can be the transfer of your personal data to third parties. Most likely, as a result, comprehensive information about you can be obtained for a modest amount of money on some anonymous service on the shadow Internet.
Most likely, because of this, various bandits, sales managers, etc. will start spamming you more often. In addition, you should expect calls from InvestCore accomplices who will begin to offer the "return" of lost finances, of course, for a fee.
Since InvestCore does not operate in the legal field and preserves anonymity, InvestCore cannot be forced to answer under current laws in England. The owners of the criminal company are skillfully hiding and, at best, law enforcement agencies will be able to figure out one of the "administrators".
Can I work with InvestCore?
Never!
Only if you plan to transfer finances to criminals, then give them to charity.
Let's briefly list the evidence that suggests that InvestCore are criminals:
- Lack of official registration;
- Lack of a test period;
- There is no information about the owners of the company;
- Phone number seen in shady frauds;
- Negative balance;
- Leverage greater than one in fifty;
- Bad reviews;
- False data on the website.
Detailed review of InvestCore - completed. It is clear that InvestCore are scammers.
For your safety, we have compiled a blacklist of brokers.
