Forex broker InvestCore deceives users
InvestCore, an online broker that operates in the UK, is considered a criminal with a notorious reputation.
When we get to the official website of InvestCore - Investcore.pro, we will find that this organization provides brokerage services for operations in the Forex financial market in England. InvestCore also provides programs for financial transactions.
Our experts researched the InvestCore website, got acquainted with the terms of operations, tried to get at least demo access to the programs, investigated the availability of official papers, the region of registration of the organization.
With the help of the information received, we will figure out: Is InvestCore a scam or not?
In addition, we will tell you how not to get hooked by deceivers, about their algorithms of actions. We will give you the necessary data to keep your investments safe.
InvestCore is offshore
The first signal that Investcore.pro is a scam is the state of registration. The company is documented in the Marshall Islands, which is already in doubt, since the company operates in the UK. Offshore countries attract the attention of criminals due to the absence of the need to comply with the law and control.
Also, this region does not have the authority to operate on Forex.
Also, when we tried to find the real address, mentions of the owners and directors of Investcore.pro, we could not reveal anything.
This already demonstrates that Investcore.pro is a fake online broker, cooperation with which can result in large financial losses.
No management information found for Investcore.pro
After examining the site, our experts have not been able to find plausible information about the organizers of the company Investcore.pro. No legal address, no phone numbers or other means of communication.
Most likely, this means that the real directors are trying to hide information about themselves in order to elude the answer for their crimes. If you manage to catch one of the employees of InvestCore, then everything will end with this, and the real organizers of the shadow company will remain at large.
InvestCore, website - Investcore.pro, has been working for less than a month
The Investcore.pro website speaks of serious experience in the Forex financial market.
The most common method for checking any official site is to obtain information about the domain name. Most often, they indicate the age of existence of the domain name, contact information of its owner.
In this case, the InvestCore domain is valid for less than 30 days, and the information about the person who owns it is hidden. Another evidence that the owners of InvestCore are trying to preserve anonymity.
This desire can be supported, but not when it comes to a financial company acting as an intermediary between the client and the Forex market.
At the same time, InvestCore themselves assure users that they have been operating effectively in Forex for many years.
InvestCore does not have a demo period
It is a common practice for brokers to give traders a demo version of the software so that they can get familiar with the interface, try out the possibilities in playing Forex with fake money.
Unfortunately, on the website Investcore.pro, we could not find data on the demo period, the opportunity to try the software.
We think that the organizers of InvestCore are simply not going to give customers demo access to their software, since some of them are able to begin to suspect fraud.
Online broker Investcore.pro operates with a negative balance
Registered firms that trade in Forex do not use a negative account in their activities. In accordance with the laws, an Internet broker trader is not able to spend more than what is currently in the account. In rare cases, when the account still goes into negative territory, the debt must be repaid not by the trader, but by the company that provided its services.
Because of this, legal brokers do not use a negative account in their work.
And yet, InvestCore offers its users Forex operations with a negative account, that is, on credit.
Why is this needed?
In order to drive the user into a loan and start extorting to pay off the debt. This is one of the most commonly used methods of fraud used by scammers.
If this has already happened, it must be remembered that criminals do not have the opportunity to get money in accordance with the laws of Great Britain. All methods of influencing you are illegal. The most that scammers can do is to disturb with calls, send messages with threats.
It is impossible to cooperate with Investcore.pro, as attempts to negotiate will result in new expenses.
Investcore.pro operate with a leverage of 1 to 400 or more
Already now, it becomes clear that InvestCore are scammers. Nevertheless, let us point out another fact, namely, the presence of an extremely large credit leverage.
The credit ratio is the ratio of the money of traders and online brokers at the conclusion of a transaction. It allows you to close significant trade transactions to users who do not have sufficient amounts freely available.
In order to protect users of the Forex financial market, in developed regions, legislation requires the use of a credit leverage with a maximum ratio of one to thirty, in rare cases fifty.
At the same time, InvestCore uses a leverage of 1 to 400 to make money on Forex.
This attitude is legalized in Switzerland, as firms registered in this state enjoy considerable confidence. However, InvestCore is not registered in this state.
In fact, InvestCore cannot trade Forex with such leverage, due to the high risk for users. Accordingly, this is used only to force the client not only to invest more personal funds, but also to drive him into debt.
InvestCore Regional Offices
It is considered important for a financial company to have local offices in developed countries, even if the activity takes place only in England. Therefore, InvestCore informs that in addition to many awards, they have local branches in England, Australia and other developed regions, and also about many experienced professionals.
Checking the existence of these offices is elementary. Since there are industry structures that regulate the actions of Internet brokers. In the UK it's FCA, and in Australia it's ASIC.
Because of this, a legal company must have permits from these or other structures that confirm their authorized right to provide trading services on the Forex financial market, indicate the degree of responsibility.
Nevertheless, after checking the specialized sites, our specialists did not find them. Which once again reinforces suspicions.
For registration on Investcore.pro, you need to transfer confidential data
As we reported earlier, InvestCore does not have a demo period and therefore, in order to gain access, you must immediately pay the minimum deposit to InvestCore scammers. In addition, it is possible to create an Investcore.pro personal account only upon successful completion of the client's confirmation.
This means that InvestCore requires its clients to provide data such as:
- Information about an individual (passport, etc.);
- Information about the permanent place of residence (payments for a communal apartment);
- Data about qualifications, experience, place of work.
In addition, during the initial transfer, fraudsters are able to gain access to bank card data.
In combination, this information can enable scammers to hang a loan on a deceived user, or carry out other criminal operations.
Since for registration on the official website of Investcore.pro, you need to send your personal data, our experts could not get access to the personal account of InvestCore as well as applications for Forex transactions.
Real reviews about InvestCore
The most important point of exposing InvestCore is the analysis of customer reviews.
A detailed study of the search results allowed us to obtain the following data:
- Most of the reviews and references to InvestCore on the Internet are fake. These are similar positive reviews and mentions of a custom type;
- All real reviews and comments about InvestCore are negative. We were unable to find reliable reviews and references from former users of Investcore.pro, which mention profit, productive work.
- Negative references are associated with illegal activities, theft of finances, special creation of credit.
Because of this, real InvestCore reviews report that the broker in question is a scam.
Contact information and official papers InvestCore
Analyzing mentions on Investcore.pro, we found a lot of dubious digital papers that can be easily made using a graphics editor. They are not confirmed by official companies, which means they cannot be trusted.
If the broker is not associated with regulatory organizations, then users simply have nowhere to turn for help.
On the "Contacts" page, our experts identified a phone number. It turned out that it had already been used by an illegal internet broker. There are also many reviews on the network about fraudulent activities associated with the phone number listed on Investcore.pro.
Withdrawing money from Investcore.pro
Are you going to make money with a Forex broker? Make sure you can take money from him.
Studying the client agreement on the official website of InvestCore, we did not find specific information about the methods of withdrawing funds. In addition, our experts found a description of punishments for long-term inactivity of a personal account, but did not find data on sizes. Since the criminals do not operate in the official field, it will not be possible to challenge these extortions.
That is, if the user has stopped working with InvestCore, they can call and spam him with a demand to pay a fine.
How does InvestCore work?
The method of finding new clients that InvestCore uses is also suspicious.
For advertising, false social media accounts are used, in which non-existent bloggers spread information about how they instantly managed to earn income by earning on the Forex market with the help of InvestCore. Non-existent people show expensive cars and clothes, resorts and other indicators of a prosperous life.
Non-existent people guarantee rapid profit growth, for which you do not need to learn or put a lot of effort.
When a trader gets in touch with scammers, InvestCore employees confirm the reality of instant earnings, and also about the unique features of their services, which will make it possible to quickly withdraw a solid income.
Further, various tricks go into work, allowing you to get the maximum number of deposits from the client. For example, a fake profit may be created for a client in order to motivate them to invest even more.
When the work on Forex is negative, the representative of the organization will recommend to transfer more in order to compensate for the negative.
InvestCore employees work according to guidelines developed by skilled deceivers. Fraudsters analyze information about the trader in order to put pressure on specific places, to pull out more deposits.
In any case, it all comes down to one of the options:
- When you decide to withdraw finances before you find yourself in debt, you will be charged fees, freeze your balance, and do everything to make you pay even more;
- When you allow the scammers to drive the account on credit, threats will fall, scammers will extort the return of the fake debt.
An additional method to earn income for InvestCore can be the sale of your confidential information to interested companies. Probably, after that, information about you can be purchased for a small amount of money on some anonymous telegram channel on the dark web.
Most likely, as a result of this, all kinds of scammers, sales managers, etc. will begin to call you more often. In addition, it is worth waiting for letters from Investcore.pro colleagues who will offer the "return" of lost money, of course for a fee.
Since InvestCore does not operate in the legal field and remains anonymous, Investcore.pro cannot be forced to be liable under the current legislation in England. The heads of the fraudulent organization are diligently hiding and in the best case, the legitimate authorities will be able to figure out one of the "administrators".
Can InvestCore be trusted?
If you are going to give money to scammers, then give it to a good cause.
Let's briefly list the facts indicating that InvestCore are bandits:
- Lack of official registration;
- Lack of a test period;
- Lack of information about the owners of the company;
- Phone number found in criminal fraud;
- Negative score;
- Leverage greater than one to fifty;
- Negative reviews;
- False information on the website.
Detailed review of InvestCore - finished. It is clear that InvestCore are criminals.