The idea of earning money through AI driven crypto investment seems to be the prevalent narrative with con artists these days. This firm is no different, as it tries to push its vaporware software as an excuse to get their fingers into your crypto wallet.
Do not trust this unauthorized company! Read our EraInvest review to learn how you may recover your lost funds.
| Regulated by: | Unregulated Investment Firm |
| Is This Company Safe? | No, this is an illicit financial services provider that can’t be trusted! |
| Known Websites: | erainvest.net |
| Have Warnings from: | N/A |
| Registered in: | UK (alleged) |
| Operating since: | January 2024 |
| Trading Platforms: | None |
| Maximum Leverage: | N/A |
| Minimum Deposit: | $50 |
| Deposit Bonus: | N/A |
| Trading Assets: | N/A |
| Free Demo Account: | No |
| How to Withdraw from This Company? | This firm will not release your funds. Contact our professional team to start a recovery procedure. |
Doesn’t Own a License
EraInvest Ltd. registered with the UK Companies House as a publishing business can in no way represent a licensed financial services provider. Any company engaging in providing investment or online trading services needs a FCA license, which EraInvest Forex fraud certainly doesn’t own.
As a completely anonymous business, this company provides no safety of investments or proper risk-reducing measures. Looking through the databases kept by CySEC, ASIC, NFA and CNMV also returned no results. This is, by all means, an illegal business just like Ramadanfx is.
Fraudulent Operation Explained
The erainvest.net WhoIs information tells us that the domain was created in January 2024. Analyzing website traffic we concluded these nations to be main targets of the scam:
- France
- Italy
- Belgium
- United Kingdom
- Germany
The deceptive strategy from this firm starts on social networks, through profiles on Facebook, Instagram, X, CrunchBase and YouTube. This builds the online presence of the EraInvest scam, setting the stage for boiler room agents.
These agents are most active on various instant messengers, and often contact victims directly by phone. They introduce themselves as finance experts that are looking for potential investors.
The scheme works through a particular clause in the Terms and Conditions, which states that the company manages investments in their own best interest. It just so happens that these interests don’t coincide with the client’s, leading to theft and fraud.
Victims Speak Up
The EraInvest reviews may not be numerous, but paint a very clear picture. Unfortunately, the picture is not a happy one, with 92% of TrustPilot users giving the investment firm a negative rating.
Nearly all of them complain about the same thing – the platform is showing their cryptocurrency withdrawal to be a success, but no money is ever actually transferred. If you’ve had a similar experience with this firm, or some other scammer like Trenixo, feel free to book a consultation with our legal experts.
Fee Structure Never Revealed
It is typical for less transparent, unregulated investment schemes to hide the real costs of their services. Sure, the EraInvest investment options seem attractive, but it’s simply impossible that they come at no cost, whatsoever. There have to be commissions and taxes the company earns on.
Unfortunately, no fees are disclosed on the site. Legal documents reveal only the cost of canceling a deposit which incurs a 20% fee.
Three-Tiered Earning Structure
After acquiring their unique EraInvest login, existing clients can participate in the referral program. In truth, this campaign is just another form of a Ponzi scheme, where victims believe in rewards for bringing in new registrants. Since it’s a three-level affiliate program, commission earned from referrals is calculated in 5%, 2%, or 1%.
Subpar Investment Amenities
We’ve already confirmed that the firm is not actually operating in the clients’ best interest. Their investment portal is lackluster, and as expected is suffering from security issues. Client referrals are prominently displayed in the dashboard, meaning that this is its main purpose.
“Good Enough” Platform
Since the company does not allow clients to engage in trading themselves, the only investment overview software that is provided is a simple client dashboard. The dashboard contains all of the crucial information, such as asset overview, investment plan progress, and transaction information.
In most cases this sort of a platform is quite adequate, although industry leading companies are constantly developing proprietary solutions.
How Do They Make Money?
The company never fully discloses their profit strategy. The clients are supposed to just trust that the company agents and their alleged EraInvest AI machine learning mumbo-jumbo can generate cash out of thin air.
The only place you’ll ever see any trading strategies or instruments mentioned is the “about us” page. There, the con artists claim to capitalize on short-term trades of Forex and currency options. Even if this were true, the lack of any transparency can only be called insulting.
Get-Rich-Quick Plans
There’s only two EraInvest account types that demand a minimum deposit of $50:
- Starter Plan: 5% daily for 17 days
- Premium Plan: 14% daily for 30 days
No other information about these is disclosed, including the starting amount that users are expected to invest. While the idea of passive income seems beyond attractive, these improbable returns on a daily basis are nothing but dreams.
Payout Specifications
Alleged EraInvest ROI is promised to be paid in a matter of hours, with the procedure not taking longer than 24 hours. Sadly, you immediately know you’re involved in a scam when you see that only supported payout channels are crypto: BTC, LTC, BNB, DASH, ETH ,USDT, XRP and several others. Minimum withdrawal amount is $2.5 which is surprisingly low for a predatory platform.
Chat Bot Option For Members Only
Only those who have purchased an EraInvest plan can access the only communication method on the site: chat bot. Everyone else can get in touch with the company’s customer service by using the provided email. Let us tell you immediately that neither of these work and your cries for help will be ignored.
We Can Help You Get Your Money Back!
This online investment scheme tries to appear to the clients as though they are an industry-leading professional service operating from the UK. In reality, this self-proclaimed company is a den of snakes that steals the clients’ funds.
Your experience with this firm doesn’t need to end with a total loss of assets. Contact our legal experts today in order to start a recovery procedure. You may reach us around the clock via the live chat, and our first consultation is free of charge.
FAQ Section
What is EraInvest?
EraInvest is a fraudulent investment scheme that preys on Forex beginners and aims to steal crypto assets.
Is EraInvest Legit?
No, this firm is registered in the UK as a publishing agency, which has nothing to do with investment services. They also do not own a FCA license.
How to Get Money Back From EraInvest Company?
We strongly recommend you cut off all communication with these cons and immediately contact our legal service for help with chargeback.
Source:
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