Investpromax Review – Scam Broker Review

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Introduction to Investpromax Scam Review:

Scam brokers are everywhere around you. Careful! There might be one lurking in your inbox as you read this review. If you are here to find the answer to the question of whether Investpromax is a scam or not, you are just at the right place. In this review, we will be revealing all the red flags posted by Investpromax and will also help you out if you have already been scammed by Investpromax. Read the full review to know more.

About Investpromax:

On their website, Investpromax claims to be working with the main motive of getting the modern generation acquainted with the benefits of the trading market. It also claims to achieve this goal through the use of advanced technology and development. Apart from this, the company proudly shows off that they have over fourteen million loyal customers investing with their brokerage firm. However, we soon came to realize that all of this is a complete lie.

Is Investpromax regulated?

On their website, Investpromax nowhere mentions the location of their headquarters or where the company is located. This is the first fishy thing we noticed on their website. No legitimate brokerage firm will hide their address from their website. However, this is not a surprise in the case of scam brokers. Scam brokerage firms adopt such methods to hide their true identity from customers. Upon investigating a little into the fact whether Investpromax has a license or not, we realized that Investpromax is unregulated.

That is not all of it, Investpromax has also been blacklisted by the German regulator BaFin. The warning issued by this regulator states that Investpromax is not regulated and therefore is an unsafe brokerage firm. It asks its citizens to be alert if choosing to proceed with the investment with Investpromax.

What is the leverage offered by Investpromax?

While legitimate brokers offer leverage in the lines of 1:30 to 1:50 in order to decrease the intensity of risk the investor encounters in the trade, scam brokers offer huge amounts of leverage in order to lure the customers in. In our case, Investpromax offers leverage of 1:1000 for their customers. This is the second red flag against Investpromax in this Investpromax review. By offering such a huge amount of leverage, it is clear that Investpromax wants to scam the innocent customers who have invested in their brokerage firm.

What is the minimum deposit demanded by Investpromax?

Investpromax demands a minimum deposit of $250 as compared to $5 to $10 demanded by the legitimate brokerage firms. This is yet another clear red flag against Investpromax in this review.

Conclusion: Is Investpromax a scam or legit?

To sum up, all that has been said above, the decision of whether Investpromax is a scam or legit is for you to decide. We warn you from investing or trading with Investpromax as it’s an unregulated offshore brokerage firm. If you have been scammed by Investpromax, file a complaint with us and we will get back to you!

You can also visit Quora

Have a look at the latest scam broker review – UproFx

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