If you open the Investpoint website it quickly becomes apparent that they are nothing more than a scam broker. From dead hyperlinks that no longer lead anywhere to the stunning lack of vital information, there is one thing that this broker is not lacking and that is red flags.
Everything about this brokerage screams investment scam, including the fact that the only feasible way of reaching them is by sending them an email. This low level of customer care/ support is generally enough to dissuade people from investing with a broker like this one.
If that is not enough to convince you to steer clear from Investpoint then consider the fact that they are based in St. Vincent and the Grenadines an offshore haven where investment scams (like Investpoint) are a commonality.
|Headquarters||Saint Vincent and the Grenadines|
Is InvestPoint Legit? Regulation and Fund Security
This scam broker has provided absolutely no information regarding licensing which considering all of the other information in this Investpoint review is not shocking. They are clearly a scam broker that operates without any regulatory oversight.
What makes this even more clear is the fact that Investpoint is based in St.Vincent and the Grenadines, a favorite amongst investment scammers. This is due to the fact that SVG has no financial authority that provides any level of oversight to forex brokers, making it the perfect place to run this kind of scam.
When looking for a broker make sure that the investment firm that you have chosen is regulated by at least one if not more top tier regulators such as ASIC, CySEC, BaFIN or the FCA. This will ensure that your funds are safe.
Trading Platform Offered at InvestPoint
Another hallmark of a scam broker is a lackluster proprietary WebTrader that’s been cobbled together but is sold as the next big thing in forex trading. Investpoint does not shy away from this red flag as that is exactly what they offer their users as a platform.
To their credit, the platform is somewhat functional and does offer features like social trading but that’s about it. A far cry from a revolutionary trading platform that will dethrone the likes of industry standards like MetaTrader4-5.
On the topic of MetaTrader4-5, it is always a good sign when an investment firm offers this platform as it is an industry standard for a reason. Offering all of the tools that traders need in order to make fully informed decisions on their trades. When selecting a broker make sure to do your research on the platform that they offer as this will heavily impact what tools are available to you. Whenever possible take full advantage of the demo account if the brokerage offers one (lots of legitimate brokers do),
Available Trading Instrument at InvestPoint
With the Investpoint trading scam traders can look forward to trading with the following instruments:
- Forex pairs
While this fraudulent broker offers a wide spectrum of tradable instruments it is important to remember that there are plenty of legitimate brokers that offer the same degree of diversity while also providing their clients with healthy and safe trading conditions.
It is not necessarily a plus that the broker offers all of these instruments as a license (which they do not have) is required for all of them excluding cryptocurrencies.
How Do They Initiate The Scam?
Investment fraudsters in off-shore jurisdictions like Saint Vincent and the Grenadines operate according to a straightforward plan. They typically use social media marketing campaigns to find their victims by promising to get rich fast programs in exchange for contact information.
Once the “broker” obtains the victim’s contact details, they keep spamming them up until the victim deposits money. Since cryptocurrency is completely anonymous, untraceable, and immune to chargebacks, the broker will often only allow crypto deposits.
By this point, the victims typically discover they are being duped when they encounter a nonexistent /barely functional trading platform or a minimum withdrawal amount that is out of their reach.
Deposit and Withdrawal Methods
Another clear sign of a predatory investment scam is the lack of information about funding and withdrawing from your trading account. Yet again, Investpoint does not fail to meet this gold standard of scam brokers from all over the world.
The only way to find out what payment methods this broker accepts is by creating an account and having it verified by the broker. This is a tactic that scam artists like the people behind Investpoint use often in order to avoid being reviewed and labeled as a scam.
Withdrawing money from an Investpoint trading account is equally mysterious as they provide no information about the process nor the conditions that have to be met in order for a withdrawal to be possible. This broker leaves things so vague that the trader is not even aware of the fees that they will have to pay if they manage to make a withdrawal at all.
Reliable Forex Brokers
We advise you to look at the options we have provided below if you are looking for a reliable broker. Your money is secure with the six brokers listed below because they are all regulated at the highest level.
Additionally, these brokers’ $10 to $100 minimum deposit requirements make them truly accessible to all traders.
|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|
All in all, this Investpoint review can only conclude in one way, and that is to say that this is yet another obvious investment scam based in St. Vincent and the Grenadines.
From the website that barely functions and somehow manages to provide more questions than answers to the fact that this broker is completely unregulated and unlicensed to provide the services that they provide. With Investpoint only one thing is certain and that is that your money is completely unsafe with them.
One of the most damning pieces of evidence that this is in fact just another poorly constructed scam is that the broker provides quite literally zero information about the payment process when it comes to depositing or withdrawing funds to or from your account.
Trusting a broker this shady would be a very poor call if you care to see your funds again as they do not meet a single criterion that would build trust with their prospective traders.
FAQs About InvestPoint Broker
Is InvestPoint Regulated?
Investpoint is a scam broker operating out of SVG, an unregulated offshore location.
What Are the Funding Methods for InvestPoint?
The broker does not provide this information until the account has been verified, a common tactic to avoid reviews used by scam brokers.
How Long Does it Take to Withdraw from InvestPoint?
There is no indication that it is at all possible to withdraw money from an account with Investpoint