IGinvest Review – Quick Disappearance of a Scam

Allegedly packed with a tone of features, this online trading portal should enhance and enable you to trade effectively online. Because nothing says quality service like the amount of false advertising, right?! 

Before you risk losing your entire life-savings on this newly registered fraudulent Forex platform, make sure you gain proper insight on how the scheme really operates. More information about the scam tactics and potential recovery techniques can be found in the remainder of this IGinvest review.

BCSC Says Fraud

Although this shady website was established just recently, there’s no doubt they’ve been preying on Forex novices. The site itself is completely non-transparent and lacks information about anything related to the company registration and line of work. Just like TargoSwiss, this was most probably another offshore scheme. 

Since practically nothing can be found out from the website information, we tried searching through the databases of regulatory authorities like FCA, ASIC, NFA and CNMV, but nothing came up. That is, nothing except a public warning posted by a Canadian regional financial regulator – BCSC. This recent publication clarifies that the firm displays fraudulent intentions while not being registered to sell or promote online financial services.

Scam Promoters on Social Media

The fact that the company was established in February 2024 explains where there’s very of their traces online to find. However, what is apparent is that they’re using anonymous scam promoters that publish videos on Instagram. 

These people know practically nothing about the complex dynamics of the Forex ecosystem. Their sole purpose is to make it seem like IGinvest trading is easy and that even beginners can do it with ease. According to the website statistics, the majority of these videos are aimed to attract unsuspecting investors from the following countries:

Few Negative Reviews Left Behind

It seems as if the shutdown of this shabby site has left us with nothing but a few IGinvest reviews to analyze. According to the company’s Trustpilot page, users that have attempted to trade on this platform have found nothing but deceit and treachery.

Lost deposits, advance fees and unresponsive support seem to be the central subjects of everyone’s experience. This is a solid point to take into consideration when pondering on whether or not to invest with a shady site that promises quick gains. If you’ve already lost an investment to these miscreants, make sure you seek help from our recovery team as soon as possible.

Famous “Fee-Free” Lie

There’s no brokerage brand in the world of online trading that doesn’t charge any fees. While the IGinvest scam will convince their victims that no fees are charged on any of their services, there certainly exist hidden taxes and commissions. That’s how actual costs are camouflaged with the lie about no fees charged, which is OnyxTraders known to practice, as well.

In addition, the site doesn’t even disclose the basic trading terms, such as leverage and spreads. Legal papers don’t exist so that makes things even harder. 

No Notable Features to Mention

Due to the site being done in a most rudimentary and shallow manner, trading features, software and additional options are not presented. Whether that is because of the fact that they don’t even exist, or that they might be hidden behind the sign up process, we can’t tell for sure. What we do know is that none of these are worth paying a single penny for.

Web App Doesn’t Respond

You can try to open positions, you can attempt to configure the chart, you can even invest real money into this useless portal via the IGinvest debit card and it will still remain idle. The software acts as if it was an unmoving picture of a simplistic graph, without any of the rudimentary or advanced analytical objects traders are used to.

It’s no secret that unverified Forex trading firms often misuse their application to alter the data and show misleading market information to lead their customers into loss.

Not a Single Asset on Offer

What’s an online trading website without any available tradable products to offer? The site itself brags about thousands of financial instruments being provided for everyone who wants to try investing. Unfortunately, there was never a mention of a concrete products group, let alone a particular asset or an example of one.

Nothing to Invest in

We’re all used to seeing brokerage powerhouses competing which one will offer a more diverse and attractive palette of investment plans or accounts. Apparently, this firm didn’t find it suitable to create their own unique offer of packages and make creating IGinvest login an attractive opportunity. 

What’s more, not even the minimum deposit requirement for the single, live trading account is explicitly shown.

Money Lost With Each Trade

Wherever the doctored software may display as a result of your trade, all your deposits are going directly to the con’s pockets and no profit is being generated at all. Sadly, the majority of victims find out the bitter truth once they attempt to initiate an IGinvest withdrawal procedure.

We don’t know what the specifics of the process were, considering the lack of information on the website and the absence of legal papers. Most likely, only crypto assets were accepted as that facilitates the scam.

No One to Assist Customers

Claims on the IGinvest broker website glorified their customer support office as always active and there to help traders resolve any kind of issue. This is, of course, just one of the many lies on the long list of them. Not even the email of the company was active at the time of writing this review.

Seek Help Immediately!

As harmless as these sites may sometimes seem, it’s crucial not to underestimate them. Cyber criminals have plenty of methods to get to your sensitive personal information and empty your bank accounts in a matter of minutes.

However, there’s a way to fight back. Our legal professionals can help you determine the flow of your investment and where it eventually landed. Contact us for more information on how to issue a chargeback and get back your lost funds.

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