Why not work with InvestCore, a scam broker
Broker InvestCore, which operates in the UK, is a scammer with an unclean reputation.
When we go to the official website of InvestCore - Investcore.pro, we will find out that this company provides intermediary services for trading on the Forex market in the UK. In addition, InvestCore provides services for financial transactions.
We explored the InvestCore website, got acquainted with the working conditions, tried to get demo access to services, studied the availability of documents, the region where the company was registered.
With the help of this information, we will find out: Is InvestCore a scam or not?
In addition, we will tell you how not to fall for the bait of scammers, about their work algorithms. We will tell you all the information you need to keep your investment safe.
InvestCore is offshore
The main sign that Investcore.pro are criminals is the state of registration. According to the documents, the company is registered in the Republic of the Marshall Islands, which is already suspicious, since the company operates in Britain. Offshore states are popular with scammers due to the lack of legislation and regulation.
Moreover, this region does not have the authority to operate in the Forex financial market.
In addition, when our employees tried to identify the physical address, data on the owners and directors of InvestCore, they were unable to reveal anything.
This suggests that InvestCore is a criminal online broker, working with which can result in significant financial losses.
No management information found for Investcore.pro
After examining the website, our experts could not find plausible information about the directors of the InvestCore organization. No address, no phone numbers or other methods to get in touch.
This probably means that real directors are trying to hide data about themselves in order to avoid responsibility for their actions. And even if one of the InvestCore employees can be exposed, then everything will end there, and the actual leaders of the shadow company will remain at large.
InvestCore, website - Investcore.pro, works less than 30 days
The site Investcore.pro talks about serious experience in the Forex market.
The main way to analyze any website is to obtain information about its domain name. Basically, they record the age of the domain name, contact information of the owner.
In our case, the InvestCore domain works for less than 30 days, and all data about the person who owns it is classified. Another evidence that the director of InvestCore is trying to keep incognito.
Such a desire can be accepted, but not in cases where it is a company that works as an intermediary between the user and the Forex market.
In addition to this, InvestCore assure their users that they have been trading Forex effectively for a long time.
InvestCore does not have a test period
It is a common practice for online brokers to provide clients with a demo version of the software so that they can familiarize themselves with the interface and test their skills in Forex operations with virtual money.
Unfortunately, on the InvestCore website, we did not find any information about the trial period, the opportunity to try the software.
Most likely, the owners of the Investcore.pro organization, most likely, do not plan to give traders demo access to their software, since some of them are able to begin to suspect that something was wrong.
Internet broker InvestCore operates with a negative balance
Legal firms that operate in the Forex financial market do not use a negative balance in their activities. In accordance with the laws, an Internet broker trader cannot spend more than what is currently on the balance sheet. In cases where the balance goes into negative territory, it will not be the trader who will be required to pay off his debts, but the company that has provided its services.
Because of this, honest brokers do not use a negative account in their work.
However, Investcore.pro provides its traders with Forex operations with a negative account, that is, on credit.
What is it for?
In order to drive the client into debt and extort to repay the loan. This is one of the most popular fraud methods used by financial scammers.
In the event that this has already happened, you need to remember that criminals have no way to knock out finances under UK law. Any methods of influencing users are criminal. The maximum that criminals can do is call, send letters with demands.
It is impossible to cooperate with InvestCore, since all attempts to reach an agreement will result in new losses.
Investcore.pro operate with a credit ratio of 1 to 400 or more
At this point, it's clear that InvestCore are scammers. However, let's point out one more fact, namely the existence of too high leverage.
The credit ratio is the ratio of user funds and brokers at the conclusion of the transaction. This makes it possible to close large trade deals to clients who do not have the appropriate finance freely available.
In order to protect clients in the Forex market, in civilized regions, the current laws require the use of leverage with a maximum ratio of 1 to thirty, sometimes 50.
At the same time, InvestCore applies a credit ratio of one to four hundred for operations in the Forex market.
A similar ratio is allowed in Switzerland, since organizations registered in this country are highly trusted. However, InvestCore is not registered in this country.
In fact, InvestCore do not have permission to conduct Forex transactions with such leverage, due to the high risk for users. So, this is done solely to get the trader to transfer as much of his finances as possible, but also to drag him into debt.
InvestCore local offices
It is considered important for any organization to have local representation in developed countries, even if the activity is carried out only in Britain. Therefore, InvestCore reports that in addition to a large number of awards, there are local divisions in Britain, Australia and other developed regions, and also about a large number of experienced specialists.
Checking the existence of these representations is elementary. Since there are specialized structures that control the work of online brokers. In England it's FCA, and in Australia it's ASIC.
That is, a law-abiding company must have permits from these or other organizations that will confirm their permitted right to provide Forex trading services and regulate the degree of responsibility.
And yet, after checking specialized websites, our experts did not find them. This once again reinforces the fears.
For registration on Investcore.pro, you must transfer confidential data
As we mentioned earlier, InvestCore does not have a test period and because of this, in order to gain access, you must immediately transfer the minimum deposit to the InvestCore bandits. Also, access to the Investcore.pro personal account is possible only upon successful completion of the client's confirmation.
This means that InvestCore requires users to provide information such as:
- Information about an individual (passport, birth certificate);
- Data on the permanent place of residence (payments for a communal apartment);
- Data about the place of work, qualifications, experience.
In addition, during the initial transfer, the bandits are able to access personal account data.
Combined, this information can allow criminals to hang a loan on a gullible client, or carry out other illegal frauds.
Since for registration on the official website Investcore.pro, you need to transfer your personal information, our employees could not get access to the personal account of InvestCore as well as programs for making money on the Forex market.
Reviews about InvestCore
The most important point of exposing InvestCore is the study of user reviews.
A thorough study of the issuance in search engines gave us the following data:
- Most of the mentions and reviews of InvestCore online are fake. These are formulaic positive mentions of a paid character;
- All true references to InvestCore are negative. Our employees could not identify plausible references and comments from former Investcore.pro clients, which speak of good income, productive activities.
- Negative mentions and comments are related to illegal activities, theft of deposits, creation of credit.
Because of this, InvestCore reviews report that this broker is a scam.
Contact details and documents InvestCore
After analyzing the data on Investcore.pro, our staff found a lot of dubious digital papers that can be easily made using a graphics editor. They are not confirmed by official firms, which means they cannot be trusted.
If an online broker is not associated with regulatory firms, then there is simply nowhere for traders to turn to for help.
On the "Contacts" page, we found a phone number. It turned out that it had already been used by an illegal 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 the help of an online Forex broker? Make sure that you can take away investments from him.
Studying the user agreement on the official website of InvestCore, our employees did not reveal clear information about the ways to withdraw money. At the same time, our experts identified a mention of fines for a long period of inactivity of a personal account, but did not find information about their size. Since swindlers do not operate in the official field, it will not work to protest these requisitions.
Because of this, if a trader has finished working with InvestCore, he can be called and spammed with a demand to pay a fine.
How does InvestCore operate?
The user search method that InvestCore uses also raises concerns.
For promotion, fake social media profiles are used, in which non-existent bloggers talk about how they instantly managed to make a profit working on the Forex market with the help of InvestCore. Fakes show expensive cars and real estate, vacations in resorts, and other signs of a rich life.
Fakes guarantee instant income growth, for which you do not need to learn or put in a lot of effort.
If a potential client gets in touch with criminals, InvestCore employees confirm the reality of instant income, and also about the unique features of their services, which will allow you to immediately receive serious income.
After that, various tricks are used to get the maximum finance from the user. For example, a client may be given a small profit to provoke even more investment.
If the work on Forex is negative, the personal manager will recommend investing more in order to compensate for the losses.
InvestCore employees work according to guidelines that have been developed by skilled deceivers. Scammers study information about the client in order to put pressure on specific places, to get even more investment.
One way or another, it all comes down to one of the ends:
- If you decide to withdraw money before you are in the red, you will be charged fees, your account will be closed, and everything will be done to force you to transfer more;
- When you allow the scammers to drive the account into the negative, threats will go, scammers will start extorting to pay off the fictitious debt.
Another way to earn income for InvestCore may be the transfer of your personal information to third-party companies. Most likely, after that, information about you will be available for a modest amount of money on some anonymous Telegram channel on the shadow Internet.
Surely, because of this, various bandits, sellers, etc. will begin to call you more often. It is also worth waiting for calls from InvestCore colleagues who will begin to offer a "return" of lost deposits, of course for a fee.
Since InvestCore does not operate in the legal field and preserves the incognito, they cannot be forced to answer under the law in the UK. The heads of the shadow organization diligently disguise themselves and, in the best case, law enforcement agencies will be able to catch one of the "workers".
Can InvestCore be trusted?
If you are going to transfer finances to criminals, then give them to charity.
Let's briefly list the evidence indicating that InvestCore are scammers:
- Lack of official registration;
- No demo period;
- Lack of information about the owners of the company;
- The phone was found to be fraudulent;
- Negative balance;
- Leverage greater than one in fifty;
- Negative reviews;
- False information on the official website.
Our review of InvestCore is over. It is clear that InvestCore are criminals.