Why we consider InvestCore broker dangerousJulius Conley 23 / April / 22 Visitors: 261
The online broker InvestCore, which operates in the UK, is a scam with a bad reputation.
When we get to the official website of InvestCore - Investcore.pro, we will find that our organization provides intermediary services for trading on the Forex market in Britain. InvestCore also provides services for financial activities.
Our employees studied the official website of InvestCore, got acquainted with the conditions of operations, made attempts to get at least test access to the programs, analyzed the existence of official papers, the place of registration of the organization.
With the help of this information, we will figure out: Is InvestCore a scam or not?
In addition, we will explain to you how not to fall for the bait of criminals, about their algorithms of actions. We will provide all the necessary data to keep your investment safe.
InvestCore is based in an offshore country
The first signal indicating that Investcore.pro are criminals is the state of residence. According to the documents, the company 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 deceivers due to the lack of legislation and control.
In addition, this country does not have permission to work in the Forex financial market.
In addition, when we tried to find the address, information about the owners and directors of Investcore.pro, we could not find anything.
This already shows that Investcore.pro is an illegal online broker, cooperation with which can result in large financial losses.
Lack of information about the organizers of InvestCore
After analyzing the website, our experts could not find reliable information about the organizers of the company InvestCore. No addresses, no phone numbers or other ways to get in touch.
We think that this means that the directors are trying to hide their identities in order to avoid punishment for crimes. And even if you manage to find one of the InvestCore employees, then everything will end there, and the owners of the criminal organization will remain at large with money.
InvestCore, official website - Investcore.pro, is valid for less than thirty days
The official site Investcore.pro tells about the serious experience of operations in the Forex market.
The most common way to analyze a website is to obtain information about its domain name. Usually, they indicate the period of operation of the domain name, contact information of the owner.
In a specific case, the domain name Investcore.pro exists for less than one month, and all information about the legal entity that owns it is classified. Another proof that InvestCore management is trying to preserve anonymity.
This desire can be accepted, but not when it comes to a financial firm working as an intermediary between the client and the Forex financial market.
At the same time, InvestCore assure their potential users that they have been successfully operating in Forex for many years.
Investcore.pro has no demo period
It is a common practice for online brokers to give users a test version of the programs so that they can get acquainted with the interface, try out the possibilities in Forex transactions with fake currencies.
Unfortunately, on the InvestCore website, we did not find data on the demo period, the ability to test the programs.
Probably the director of Investcore.pro is simply not going to give clients trial access to the software, as someone may suspect fraud.
Online broker Investcore.pro works with a negative account
Registered organizations that operate in the Forex market do not use a negative account in their activities. By law, a broker user is not able to spend more than what is currently on his account. In rare cases, when the account goes into negative territory, the debt will be repaid not by the trader, but by the company that provided its services.
Therefore, registered brokers do not use a negative account in their activities.
However, Investcore.pro offers its users Forex operations with a negative balance, that is, on credit.
What is it for?
To drive the user into debt and start demanding a loan. This is one of the most popular scam methods used by bandits.
In the event that this happens, you need to know that scammers have no way to knock out investments under UK law. All methods of pressure on clients are illegal. The most that scammers can do is to disturb with calls, send messages with threats.
It is impossible to cooperate with Investcore.pro, since any attempts to reach an agreement will result in losses.
Investcore.pro operate with a credit ratio of one to four hundred or more
Already now, it is clear that InvestCore are scammers. However, let us point out another nuance, namely the existence of an excessively large credit ratio.
The credit ratio is the ratio of money of clients and online brokers when making a transaction. Leverage allows you to conduct large trading transactions for clients who do not have sufficient funds with them.
In order to protect Forex traders, in developed countries, legislation provides for the use of leverage with a maximum ratio of one to 30, in rare cases 50.
At the same time, InvestCore applies a credit leverage of one to four hundred for trading in the Forex market.
Such an attitude is allowed in Switzerland, as companies registered in this country are highly trusted. However, InvestCore is not registered in this country.
In fact, InvestCore cannot operate in the Forex market with such a credit ratio, due to the high risk to users. Actually, this is used to force the trader to invest more of his finances, but also to drive him into debt.
Local branches of InvestCore
It is considered solid for every financial company to have regional offices in developed countries, even if the activity takes place only in the UK. Therefore, InvestCore says that in addition to a significant number of awards, they have local divisions in Britain, Australia and other developed countries, as well as thousands of experienced workers.
Checking the availability of these representations is elementary. After all, specialized structures are known that regulate the activities of Internet brokers. In the UK, this is FCA, and for example, Australia - ASIC.
Therefore, a legal company must have official documents from these or other structures that will confirm their right to provide trading services on the Forex market and regulate the level of responsibility.
Nevertheless, having studied the specialized official sites, we did not find them. This once again confirms our fears.
Registration on Investcore.pro requires the transfer of personal data
As we mentioned earlier, InvestCore does not have a demo period and because of this, in order to gain access, you must immediately pay the minimum deposit to InvestCore scammers. Also, creating an Investcore.pro personal account is possible only upon completion of user confirmation.
This means that InvestCore requires users to submit information such as:
- Information about an individual (passport, driver's license, etc.);
- Data on the permanent place of residence (receipt for a communal apartment);
- Data about qualifications, experience, place of work.
In addition, during the first transfer, fraudsters are able to gain access to bank card data.
Combined, this information can enable scammers to swipe a loan for a deceived user or carry out other illegal activities.
Since for registration on the Investcore.pro website, you need to send your personal data, our specialists did not get access to the InvestCore personal account, as well as software for working on the Forex financial market.
Real reviews about InvestCore
A very important point of exposing InvestCore is the analysis of traders' reviews.
The study of search results yielded the following data:
- Most of the references to InvestCore online are lies. These are the same type of positive reviews and comments of the paid type;
- All real mentions and comments about InvestCore are bad. Our staff could not find credible reviews and comments from former Investcore.pro clients, which report serious income, efficient work.
- Negative mentions are related to illegal activities, theft of funds, creation of debt.
In accordance with this, real reviews of InvestCore indicate that this broker is a scam.
Contact information and official papers InvestCore
Analyzing data on Investcore.pro, our experts saw a lot of dubious digital papers 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 firms, then traders simply have nowhere to turn for help.
On the "Contacts" page, our employees found 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 the Forex financial market online broker? Make sure you can take money from him.
After analyzing the user agreement on the InvestCore website, our employees did not find specific information about the ways to withdraw earnings. In addition, our employees found a description of fines for a long period of inactivity of a personal account, but did not find information about their amounts. Since the scammers do not operate in the legal field, these fines cannot be appealed.
Because of this, even if the trader has ended cooperation with InvestCore, they can call and write letters demanding to pay a fine.
How does InvestCore work?
The method of finding clients that InvestCore uses also raises concerns.
For promotion, fake accounts on social networks are used, in which fake users broadcast about how they instantly managed to get income by making transactions in the Forex financial market through InvestCore. Non-existent people put on display expensive cars and clothes, vacations in resorts, as well as other manifestations of a prosperous life.
Fakes promise quick earnings, for which you do not need to learn or make efforts.
If a potential client comes into contact with criminals, InvestCore employees talk about the possibility of rapid profits, and also about some unique abilities of their services, which allow you to immediately earn serious money.
Then all sorts of tricks are used to get as much money from the client as possible. For example, you can create a fake profit in order to motivate you to invest even more money.
If trading on the Forex market turns out to be negative, the personal manager will recommend transferring more in order to compensate for the losses.
InvestCore employees act according to the manuals developed by experienced psychologists. They analyze user data in order to act on weak points and get more investment.
In any case, it all comes down to one of two options:
- If you want to get finance before you find yourself in the red, you will be charged fees, prohibited from using assets, and will do everything to force you to transfer even more;
- If you allow criminals to drive the account into a loan, there will be threats, scammers will start extorting to return a fictitious loan.
Another way to make money for InvestCore can be the transfer of your personal information to third-party organizations. Probably, after that, information about you will really be bought for a moderate amount on an anonymous community on the darknet.
Surely, after that, various bandits, sellers, etc. will begin to write to you more often. In addition, you can expect letters from Investcore.pro accomplices who will offer the "return" of lost finances, of course for a reward.
Since InvestCore does not operate in the legal field and maintains anonymity, InvestCore cannot be made liable under the current legislation in England. The leaders of the shadow organization diligently disguise themselves and, at best, the legitimate authorities will be able to arrest one of the "administrators".
Should you trust InvestCore?
If you are going to give money to scammers, then it is better to spend it on charity.
Let's briefly state the facts that InvestCore are scammers:
- No official registration;
- No trial period;
- Lack of information about the owners of the company;
- The phone is seen in fraudulent transactions;
- Negative balance;
- Leverage greater than one to 50;
- Negative reviews;
- False data on the official website.
Our InvestCore review is complete. It is clear that InvestCore are criminals.