InvestCorp Review – Genuine or Fraud?

InvestCorp Review

There is a sea of online brokers out there and this can often be overwhelming for someone who is navigating this space for the first time. Every platform you come across will make similar claims of providing you top-notch services, but this does not mean that you just take them at their word. You have to consider your own priorities and needs and then take a look at their offerings. But, why is it important to go through this InvestCorp review? The most important thing you need to remember is that the internet is also a stomping ground for cybercriminals.

There is no doubt that online trading has opened the doors of opportunities for lots of people all over the globe. Many people have been able to accumulate a lot of wealth and have made fortunes from these opportunities and they cannot have done so without the services of online brokers. But, there are also a great deal of risks involved because not all the brokers that are working in the financial markets are genuine. There have been a huge number of scams and frauds that have happened left and right and this is where you have to be extremely careful.

This is due to the fact that these fraudulent platforms are very good at disguising themselves and if you believe that you will be able to tell them apart at first glance, then you are mistaken. This is not how it works because these cybercriminals know what they are doing. They deliberately craft websites that are meant to fool people into thinking they are signing up with a genuine company. They tick all the right boxes, but they cannot be actually authentic. There are some clear indications that can help you see exactly what kind of broker you are dealing with.

All you have to do is look for it and the same applies to InvestCorp, which is one of the companies you will come across when you begin looking for a brokerage. Once you do so, you will come to see that it is certainly not a genuine company and most likely a fraud. How? Some of the indicators you will find are:

Lack of licensing and registration

The easiest way for you to determine whether you are dealing with a genuine or fraud brokerage is to first check their licensing and regulation. Doing that can give you a lot of information about the kind of company it is. A licensed company is one that is monitored by a regulatory authority, which means it maintains standards, complies with laws and rules and offers transparency and quality. This automatically adds a layer of security and so, you need to check the licensing status of InvestCorp before opting for it.

When you check out the online broker’s background, you will discover that it is owned and operated by a company named Sailor Consulting LLC and it is registered in Saint Vincent and the Grenadines. But, this does not add any credibility to InvestCorp because SVG is an offshore jurisdiction that has become famous for being a scam haven. Why? This is because the Financial Services Authority (FSA) of the SVG has clearly mentioned that they do not monitor the forex industry.

This means that there is no supervision of InvestCorp because anyone can set up a company in Saint Vincent and the Grenadines and there will be no accountability about what they are doing.

No legal documents available

One of the most important things that you need to check before signing up with any brokerage is to check their Terms and Conditions. This is because these determine the kind of relationship you have with a broker, the policies you have to comply with and the fees they will charge. But, when you try and look for the Terms and Conditions at InvestCorp, you will be in for a surprise. There are no legal documents available on their website.

This is undoubtedly shocking because when you are signing up, you will be expected to agree with the Terms and Conditions of InvestCorp and since they do not provide you with those, you will have to agree blindly. This means they can charge you with whatever fees they want, or apply any policy and you will not be able to do anything about it. No genuine brokerage would ever not include their Terms and Conditions, or Client Agreement.

No decent trading platform

The trading platform that is offered by an online broker plays the greatest role in your overall trading experience. Therefore, you want to have access to the best one that can offer you all the right tools and features. But, if this is what you are expecting at InvestCorp, you are in for disappointment. When you check out their offering, all you will find is a basic web trading platform that does not have anything special to offer.

The most reputable online brokers will usually offer you the MT4 or the MT5, trading platforms that are well-known in the market for their technology and tools. But, what InvestCorp offers is an oversimplified platform that is very common amongst scam and shady brokers and there is nothing remarkable about it.

Unsuitable trading conditions

Another one of the crucial aspects of an online broker that needs your attention is their trading conditions because they have a direct impact on your bottom line. This is also an area where you will see just why InvestCorp can never be genuine because it offers you leverage as high as 1:200. This much leverage is not a good idea because it is risky due to which most regulatory authorities have imposed a cap on the amount of leverage that can be offered.

Secondly, you will find that InvestCorp has a fixed spread of 3 pips for the EUR/USD currency pair, which is excessive. Most professional brokerages do not have more than 0.5 to 1 pip for this pair, which means they are being excessive.

Bottom Line

All of these are clear indicators that InvestCorp is not a genuine brokerage and is just a fraud meant to scam people.