Operating from a country with poorly developed foreign exchange markets and loose regulatory systems certainly can’t be considered as an advantage for this firm.
What we investigate in the following Inveslo review is what this illicit broker has to offer and how dangerous trading on their servers is. If you want to know how to protect your funds and what you can do in order to recover a lost investment, please read on.
| Regulated by: | Unregulated Forex Broker |
| Is This Company Safe? | No, considering they lack a license, it is better not to trust them! |
| Known Websites: | inveslo.com |
| Have Warnings from: | N/A |
| Registered in: | Kazakhstan |
| Operating since: | 2020-06-18 |
| Trading Platforms: | MT4 |
| Maximum Leverage: | 1:2000 |
| Minimum Deposit: | $100 |
| Deposit Bonus: | 50% |
| Trading Assets: | Forex, Metals, Energies, CFDs on Indices, Crypto |
| Free Demo Account: | No |
| How to Withdraw from This Company? | Be sure to ask for our legal help, as this fraudster will not let you withdraw anything! |
Untraceable Legal History
It appears that the National Bank regulates the Forex dealers in Kazakhstan, but there isn’t a register of regulated entities posted on their site as the web page is still under construction.
On the website of The Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market there’s a total of 39 brokerage firms that are identified as legit and Inveslo is not one of them.
The only form of protection is ensured through the Financial Commission membership that provides a potential compensation up to €20.000. That’s not enough insurance, so it is better to avoid this platform altogether. It’s what we also advise you to do considering UberChains.
Tried And Tested Con Scheme
The website that serves as the front for this fraudulent operation, inveslo.com, was first launched in June 2020. Much of their traffic originates in these countries:
- India
- Pakistan
- Turkiye
- Germany
- United States
With multiple social network profiles on Facebook, Instagram, X, LinkedIn and YouTube the boiler room agents that work for the Inveslo scam can easily reach a large audience.
Be it through these social networks, Telegram, or directly by phone, these agents pester potential victims in an effort to pressure them into investing. With illicit firms like this one or Finex Trader all of the money simply ends up lining the fraudsters’ own pockets. It is possible to recover it, so contact our legal experts for more info.
Suspicious Looking Ratings
The company’s score on TrustPilot is not the best, but more worrying than the score is the absence of any comments on other platforms like SiteJabber.
The customer testimonials that do exist are incredibly divided, but recently the ones critical of the firm are becoming more prevalent. Those that disliked the service talk about missing money from their balance, and their withdrawal attempts falling through.
Abnormal Trading Terms
The leverage being up to 1:2000, is just beyond any expectation and risk-controlled investing. Furthermore, trading fees are allegedly only 0.1 pips without any commissions regardless of the account type.
Although other potential fees remain unrevealed, the legal docs imply the possibility of various taxes, such as commissions to banks, money transfer fees, commissions to intermediaries and others. It is the client’s sole obligation to cover all of these.
50% Welcome Bonus and Cashback Giveaways
While the website doesn’t openly discuss it, there’s various promotions and bonuses. They’re only accessible from your user panel, however.
There, you will find buttons to claim your 50% bonus added to your trading margin and another prize that includes a reward of $2 per lot traded. Exact conditions of these bonuses are not clear.
Trading Tools Not As Advertised
The extravagant trading platform mentioned on the home page is just a Demo version of the famous software, that’s one of the many reasons why you should not sign up here. Next is the fact that the trading conditions can be described as nothing short of absurd. All other features are locked behind a deposit requirement.
MT4 as Demo Only
Available trading platforms require a suspicious download. It is better to refrain from downloading an unnamed software claimed to be a prestigious terminal while it’s provided by unlicensed companies. It is probably just malware, trying to infect your machine and enable remote control for the purpose of data thievery.
On the other hand, you can access the MT4 Demo directly from the client area. However, it does little to provide insight into the qualities of the trading environment, considering it is just a MetaQuotes test version.
Instruments Only Vaguely Presented
There’s no clear disclosure on what instrument classes are available for trading. What we found advertised on the website are the following asset groups:
- Forex (EUR/USD, EUR/CHF, USD/AUD)
- Crypto (BTC, ETH, LTC, XRP, DOT)
- Metals (Silver, Gold)
- Energies (Oil, Gas)
- CFDs on Indices (FTSE, DAX, Dow Jones)
Selection Of Trading Accounts
The least costly account is priced at $100, many times over the current average in the industry. While these accounts are seemingly different in market execution and pricing, the only thing truly different is the minimum deposit:
- Professional – $100
- Classic – $250
- Platinum – $500
- Diamond – $20,000
As is always the case with these tiered accounts, more pricey ones will allegedly give you better trading solutions. The benefits include increased leverage, tighter spread and ability to place more orders.
Dysfunctional Demo
The company offers a demo account for testing purposes. All of the live trading archetypes are available in demo form as well, and the clients may choose the initial investment as well as trading leverage.
Unfortunately the demo doesn’t come with actual Inveslo login credentials for the MT4 software, meaning it’s completely useless.
We Don’t Need No Education
The company advertises plenty of different educational materials, including webinars, guides, ebooks, blogs and many others. Unfortunately, these are all locked behind a paywall.
Knowing how these fraudulent firms operate, it wouldn’t surprise us in the slightest if this was just another part of the sham.
Payment Processing Goes Wrong
A couple of different funding methods are advertised as available in the client zone. Some of them are:
- Crypto
- Credit/Debit Cards
- Local Transfers
- E-wallets
- Various South-Eastern Asian Banks
This could suggest that the fraudsters actually do not operate out of Kazakhstan at all, but from some country from the aforementioned region.
An interesting statement in the legal papers declares that the company has the freedom to suspend all withdrawals for a particular account. That, along with the previously discussed sudden fees, seriously endangers the client’s ability to withdraw anything at all.
Cooperative Support Team
The customer support is multilingual, and available 24/7. You may contact the help desk by phone, email or live chat on the website. Our overall experience with the support staff was positive, as the agents replied to our inquiry quickly and in good detail.
It’s Not Over Yet! Ask For Chargeback!
At first glance, it seems like you’re dealing with a legit brokerage, but the cracks in the facade quickly start to appear. As long as you don’t give up and let the fraudsters get away with your funds, there’s still a chance for you to recover the stolen capital.
For additional information and legal support considering the recovery options, you are free to book a free consultation through our live chat agents. Your first interview is completely free of charge!
FAQ Section
What is Inveslo?
This is an illegal brokerage brand allegedly from Kazakhstan but their real registration is unknown.
Is Inveslo a Legit Broker?
No, since they do not own a valid Forex trading license.
Can I Recover Money from a Trading Fraud?
Yes, you can, but you should ask for the help of our legal experts as soon as possible.
