Planning to Invest with Investous? Read the Investous Review Here!
One of the most important decisions an investor needs to take is to select the right broker in order to ensure the security of their funds. Various brokers that exist in the market are fraud and operating scam activities leading to the loss of funds. They create a professional and fair image by offering various attractive services and when the investors go ahead investing with them, they disappear with all the money leaving the people in a state of confusion.
Investors and traders are required to check every signal detail mentioned on the broker’s website and if it is clear in its terms and conditions. Also, broker reviews play an important role in selecting the right broker for you. All Scam Reports presents you with one such broker review to ease your search. Let us have a look at one of the scam brokers named Investous review and get to know about it in detail.
What is Investous and How Does It Work?
Investous Broker Summary-
As mentioned on the website of Investous, it is located in Cyprus. Investous claims to deal in a wide range of assets. If offers online CFDs to its traders. The financial assets of Investous include indices, commodities, forex, and over 300 financial instruments. Researchers suggest that professional leverages granted by Investous are 400:1. Also, the regulation status of the company is not clear. Various other reports state that Investous have put up a fake non-regulated company as its Cyprus payment agent which is a major red flag for an investor to avoid trading with this broker.
Investous offers its investors with MT4 trading platform, web trader, and & Mobile App. These platforms are widely operated by traders because of their user-friendly nature and seamless mobile trading feature. It helps the investors to make an informed decision with the help of important metrics, tips, and advice.
The investor should know about the withdrawal policy before opening an account with any broker in order to securities their funds. Here, Investous does not clearly state its withdrawal policy, leaving investors in the states of chaos on whether to open an account or not. However, based on the investor’s payment methods, the broker charges commission on the withdrawal. Not stating the withdrawal process makes the investors doubt its truthfulness.
Accounts and Leverages –
Investous offers its clients 4 types of accounts that are basic, gold, platinum, and VIP. The minimum amount required to be deposited in these accounts is USD 250, USD 500, USD 10,000, USD 50,000 respectively. The maximum leverage by Investous is 1:30.
Apart from the several facilities offered by Investous, many complaints have been registered by the traders dealing with this broker stating it as an Investous scam. Some of the complaints we have researched on the online platforms regarding Investous scams are as follows-
- The inability of clients to withdraw the money from the broker.
- The unprofessional management advice by the concerned person of Investous.
- No protection of funds due to the unclear status of its regulation and license.
- Lack of transparency in working as some of the important information is missing out on their website.
- Unsupportive customer service.
- Unprofessional way of approaching customers including spam calls and emails.
Final Thoughts on Investous Scam –
Taking into consideration, all the above-mentioned information, it can be concluded that Investous is a scam broker that you should avoid investing with in order to protect your funds. The broker tries hard to present itself as a genuine and legit broker but it does not always hold true, as the regulation status of the broker is not clear. The investors are requested to invest their funds with a regulated and licensed broker and prevent themselves from being victims of the fraud.
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