DWS Invest is as reliable as any other con artist in the online trading world. We bring you this DWS Invest review as our warning for all potential investors to stay away from this site.
In an attempt to deceive clients and encourage new victims to invest, the scammer lies about licenses from FCA and FSC.
All the warning signs are there: unspecified trading parameters, absence of a trading terminal, no legal documents, and fake licenses. The cherry on top is a warning issued against this fraud by two major financial institutions in charge of licensing and supervising brokers.
DWS Invest Overview
The DWS Invest website is so shallow and vague about the most important trading conditions. It’s ludicrous how this con intended to convince anyone with a poorly designed site and non-existent trading software. Despite all our tries, there was no chance to get to the trading terminal, even after registering.
The lack of legal documentation certainly couldn’t help us get familiar with the general trading conditions that DWS Invest proposes. Except for the high leverage of 1:500, no additional information on spreads, commissions, and funding was there.
While the initial deposit of $250 is not overly high compared to regulated brokers, it’s irrelevant. Trading isn’t possible without a platform.
DWS Invest Regulation and Fund Security
Claims about FCA (UK) and FSC (Mauritius) licenses are what we first had to examine. The research we conducted provided some disturbing results very fast.
Not only is DWS Invest unlicensed, but there’s an FCA warning against this scammer. The publication clearly states that the dubious broker is selling financial services or products in the UK without the FCA authorization.
Although we already anticipated the answer, we still went through the FSC database of regulated brokers. The search resulted in zero entries. This is a confirmation of DWS Invest lying about licenses and not being regulated by any financial supervisor.
It would have been a miracle if DWS Invest was regulated by FCA. The regulatory framework that FCA defines is one of the harshest in the world. No doubt the brokerage company aiming for a license would have to put in some serious capital and effort.
FCA license means the broker has arranged segregated bank accounts for the clients’ investments. This way of safekeeping the customers’ capital is obligatory for all brokers with a license. Other standards of transparency and risk reduction include restricted leverage, negative balance protection, and transaction reporting.
It should be clear by now that our shady broker does not provide transparency and is incapable of keeping your investments safe.
Trading Platform Used by DWS Invest
You won’t be able to find a trading terminal at DWS Invest no matter how hard you look. The scammer baits you into joining their suspicious site only to leave you hanging. It’s confusing how exactly they intended to seem credible without trading software. Nothing should be shocking about these shameless fraudsters, though.
From the manipulative use of bogus software to not offering a trading terminal at all, we’ve seen it all. After all, the main motive fueling all cheaters is stealing your savings. Another reason to avoid DWS Invest at all costs!
DWS Invest Deposit and Withdrawal Process
Another absolutely repelling circumstance about DWS Invest is the lack of funding methods, processing time, and fees. The website advertises several account types and the cheapest one costs $250 to open, which is not overly pricey.
Investing is the confusing part. Instead of providing transparent and safe methods like credit/debit cards, wire transfers, and reliable e-wallets, DWS Invest only shows two unknown processors. PayPound and Betatransfer are supposed to be the only parties your payments go through. We implore you not to risk exposing your credit cards and bank account information by investing with untrusted sites.
Withdrawals aren’t even an option with DWS Invest. The scammer didn’t find it appropriate to even lie about the refund policy and options. Do not expect to be able to withdraw your funds anyway, once you hand them over to this fraud.
How Does the Scam Implement?
DWS Invest has a mediocre and deficient website that only serves to grab the attention of potential victims. Once an interested trader attempts to contact you, they will inevitably face a storm of calls, messages, and emails.
All the suggestive content urges targets to invest and leave everything to trustworthy agents. DWS operatives will make money for you and bring you a fortune, yours is just to put more money to fuel the machinery.
Anger and disappointment hit hard once the cruel truth reveals itself: the entire profit was fake and all your funds ended up in the scammer’s pocket! The true agony begins when you start trying to get a refund. Withdrawals will turn out to be impossible due to all the conditions and trading volume requirements.
The Best Forex Brokers
Successful trading requires investing with a reliable brokerage agency. A trustworthy broker is your key to opening all the doors of profitable online trading. Choosing a broker you can rely on takes some research and preparation.
Some brokers offer better pricing and spread, others have better technological solutions. The brokers we have put in our table of suggestions are recommended as sites with great trading conditions overall.
FXTM, OctaFX, XM, and others all offer the ultimate package of profitable trading conditions, research tools, rich education, and an extensive list of tradable assets. Operating under multiple regulations, these companies offer consistent pricing with an excellent all-around trading environment.
|FXTM Broker||Cyprus, UK, Mauritius||4.5||$10||Forextime.Com|
|OctaFX Broker||Cyprus, SVG||4.4||$100||OctaFx.Com|
|FP Markets Broker||Australia, Cyprus||4.7||$100||FpMarkets.Com|
|XM Broker||Cyprus, Belize, Australia||4.7||$5||XM.Com|
|HFM HF Markets Broker||Cyprus, UK, South Africa, UAE, Kenya||4.3||$5||HFM.Com|
|FBS Broker||Cyprus, Belize, Marshall Islands||4.85||$100||FBS.Com|
DWS Invest Summary
DWS Invest fabricates lies for the sake of dragging unsuspecting victims into their trap. To easily gain trust and access to clients’ money, scammers present themselves as friendly, reliable, and helpful.
Please beware of sites cloning registered firms or using names similar to famous brokers. They also tend to impersonate professionals and acclaimed experts of the online trading world to manipulate their clients easier. Their boiler rooms are swarming with teams that tirelessly call whoever shows even slight interest in investing with them.
Scammers are shameful and know exactly what they want. All the methods they use are unscrupulous attempts to get ahold of the victim’s money. Only invest after you’ve thoroughly checked your broker, license, and owning company!
FAQs About DWS Invest Broker
Is DWS Invest Legitimate?
DWS Invest is an illegal business run by experienced scammers, so do not trust this company under any conditions.
What Are the Funding Methods at DWS Invest?
Two shady payment services are only available at DWS Invest – PayPound and Betatransfer.
Is my Money Safe with DWS Invest?
No, your funds are not secured through segregated bank accounts, no transparency is enforced and it’s highly unsafe to invest here!