InvestCore Forex Broker Review, Why We Consider Them Scammers
23 / 04 / 22
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The Internet broker InvestCore, operating in the territory of Britain, is considered a swindler with unclean fame.
If we go to the official website of InvestCore - Investcore.pro, we will find out that this organization offers brokerage services for trading in the Forex financial market in the UK. InvestCore also provides programs for trading operations.
Our specialists studied the InvestCore website, got acquainted with the terms of operations, made a ride to get at least demo access to the services, analyzed the existence of 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 hook of scammers, about their ways of working. We will tell you all the necessary information in order to keep your finances safe.
InvestCore is located in an offshore country
The first signal that says that Investcore.pro are criminals is the country of registration. According to the documents, the company is registered in the Republic of the Marshall Islands, which is already doubtful, since InvestCore operates in the UK. Offshore states attract the attention of criminals due to the lack of laws and regulations.
Also, this country does not have rights for Forex activities.
In addition, when our experts tried to find the physical or legal address, data on the owners and directors of InvestCore, they could not find anything.
This already hints that InvestCore is a fake online broker, cooperation with which will result in big financial losses.
Lack of information about the organizers Investcore.pro
After analyzing the website, our experts could not find any credible data about the organizers of the organization Investcore.pro. No legal address, no telephone or other methods to get in touch.
Usually, this means that acting directors try to hide their identities in order to avoid punishment for their actions. If one of the InvestCore employees can be found, then everything will end with this, and the actual organizers of the fraudulent organization will remain at large.
InvestCore, official website - Investcore.pro, has been working for less than a month
The InvestCore website talks about many years of experience in Forex.
The main way to check a website is to get information about its domain. Usually, they contain the period of operation of the domain, the contact information of its owner.
In a specific case, the domain name Investcore.pro exists for less than one month, and all information about the person who owns it is hidden. Another proof that the director of InvestCore is trying to remain incognito.
This desire can be accepted, but not when it comes to a financial firm acting as an intermediary between the user and the Forex market.
In addition to this, Investcore.pro assure their clients that they have been successfully trading in the Forex market for many years.
Investcore.pro does not have a test period
It is a normal practice for brokers to give traders a test version of their services so that they get acquainted with the interface, try their hand at Forex trading with virtual money.
Unfortunately, on the InvestCore website, we could not find data on the demo period, the ability to test the programs.
Most likely, the director of Investcore.pro is simply not going to provide users with test access to paid software, as someone may begin to suspect a scam.
Online broker Investcore.pro operates with a negative balance
Registered companies that trade on the Forex market do not use a negative account in their activities. By law, a broker's client cannot spend more than what is currently on the balance sheet. In those situations when the account still goes into a negative value, its debt will have to be repaid not by the client, but by the company offering its services.
In accordance with this, registered Internet brokers do not use a negative balance in their activities.
However, Investcore.pro allows its users to trade with a negative score, that is, on credit.
What is it for?
To drive a client into a loan and start extorting to pay off the debt. This is one of the most popular methods of deception used by financial bandits.
In the event that this has already happened, it must be remembered that fraudsters do not have the opportunity to recover investments under British law. Any methods of pressure on traders are considered criminal. The maximum that scammers are able to do is call, send threatening letters.
You cannot cooperate with InvestCore, as all agreements will result in costs.
Investcore.pro work with a credit ratio of one to 400 or more
Already, it is clear that InvestCore are criminals. However, let's pay attention to one more nuance, namely the presence of an extremely large leverage.
The credit ratio is the ratio of the money of traders and online brokers at the conclusion of a transaction. Leverage makes it possible to close significant trading operations for clients who do not have access to large amounts of money.
In order to protect traders in the Forex financial market, in developed countries, legislation provides for the use of leverage with the largest ratio of 1 to 30, in rare cases fifty.
At the same time, InvestCore uses a credit leverage of one to four hundred for trading in the Forex market.
This ratio is allowed in Switzerland, as firms registered in this state enjoy high confidence. But InvestCore is not registered in this country.
In fact, InvestCore is not authorized to conduct Forex transactions with such leverage, due to the high risk for clients. So, this is only used to force the trader not only to invest as much of his money as possible, but also to drive him into loans.
Regional divisions of InvestCore
It is considered solid for any financial firm to have local branches in developed countries, even if the work takes place only in England. So InvestCore informs that in addition to a large number of awards, they have regional offices in the UK, Australia and other developed countries, as well as about thousands of qualified specialists.
Checking the existence of these offices is quite simple. Since there are industry structures that regulate the work of brokers. In Britain it is FCA, and for example Australia it is ASIC.
Therefore, the official organization is required to have supporting papers from these or other organizations that will confirm their ability to provide Forex earnings services, indicate the degree of responsibility.
However, after analyzing industry websites, our experts did not find them. Which once again reinforces the suspicions.
For registration on Investcore.pro, you need to transfer confidential 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 criminals. In addition, access to the Investcore.pro personal account is really only upon successful completion of user verification.
This means that InvestCore requires its users to submit data such as:
- Information about an individual (passport, birth certificate);
- Information about the permanent place of residence (scans of utility bills);
- Information about qualifications, place of work, experience.
Also, during the first transfer, the bandits can get access to personal account data.
Together, this information can allow scammers to issue a loan to a deceived client, or carry out other criminal operations.
Since for registration on the Investcore.pro website, you need to send your confidential information, our specialists did not get access to the InvestCore personal account and services for making money on the Forex market.
Reviews about InvestCore
An important step in exposing InvestCore is the analysis of user reviews.
Analysis of the search results on the Internet gave the following data:
- Most of the mentions and reviews of InvestCore online are fake. These are the same positive reviews and comments of the paid type;
- All real reviews about InvestCore are bad. Our experts could not identify plausible reviews and comments from Investcore.pro users, which would talk about good earnings, successful work.
- Negative reviews and references are associated with criminal acts, theft of investments, special creation of credit.
Therefore, reviews of InvestCore report that the Internet broker in question is a criminal.
Contact details and official papers InvestCore
Analyzing data on Investcore.pro, we have identified many dubious digital white papers that can be easily done with a graphics editor. They are not confirmed by official firms, which means they cannot be trusted.
If the broker is not associated with regulatory firms, then users 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 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 financial market Forex online broker? Make sure you can take money from him.
Analyzing the user agreement on the InvestCore website, our employees did not find specific information about how to withdraw funds. In addition, our experts saw the mention of punishments for the lack of activity of a personal account, but did not find data about the size. Since the bandits do not operate in the official field, it is impossible to cancel these penalties.
Because of this, even if the trader has completed work with InvestCore, he may be disturbed by calls and write letters demanding to pay the fine.
How does InvestCore work?
The method of finding new clients that InvestCore uses is also suspicious.
Fake social media accounts are used for advertising, in which non-existent bloggers broadcast about how they quickly managed to get income by making transactions in the Forex market with the help of InvestCore. Advertising profiles show expensive cars and jewelry, travel to resorts and other signs of a prosperous life.
Non-existent people promise rapid earnings, for which you do not need to learn or apply a large amount of effort.
When a trader comes into contact with scammers, InvestCore employees talk about the possibility of instant profit, and also about the unique abilities of their software, which allow you to instantly earn serious income.
Further, various tricks go into work, making it possible to receive maximum deposits from the client. For example, a client may be given a small profit to inspire them to give even more investment.
If the work on the Forex financial market is negative, the personal manager will recommend transferring more in order to cover the debt.
InvestCore managers work according to guidelines that have been developed by qualified scammers. They analyze information about the user in order to influence vulnerabilities, pull out even more deposits.
One way or another, it will all come to one of two ends:
- If you want to withdraw your investment before you are in the red, you will be fined, your account will be closed, and everything will be done to force you to pay more;
- When you let the bandits drive the balance into a minus, threats will fall, the bandits will extort to pay off the false debt.
An additional way to make a profit for InvestCore may be the sale of your personal information to third companies. We assume that, as a result, it will be possible to acquire information about you for a moderate amount of money on some anonymous Telegram channel on the dark web.
Surely, after that, various scammers, sellers, etc. will start writing to you. You should also wait for letters from InvestCore colleagues who will start offering to “receive” lost investments, of course for a fee.
Since InvestCore does not operate in a regulated field and remains incognito, InvestCore cannot be forced to respond under current laws in Britain. The leaders of the fraudulent company are skillfully hiding and, at best, the police will be able to capture one of the "administrators".
Should I trust InvestCore?
Never!
Only if you plan to give finances to scammers, then transfer them to charity.
Let's briefly list the facts that indicate that InvestCore are scammers:
- No official registration;
- No demo period;
- Lack of data on the owners of the firm;
- The phone number is seen in fraudulent transactions;
- Negative account;
- Credit ratio more than one to fifty;
- Negative reviews;
- False information on the website.
Full review of InvestCore - finished. Obviously InvestCore are scammers.
A complete list of unscrupulous brokers, that we do not recommend working with is available here.
