Spot Invest Review (spotinvest.com) FRAUD EXPOSED – SpotInvest Scam Broker

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Spot Invest (spotinvest.com)

Conclusion

After you have done your evaluation of Spot Invest, you can conclude that this brokerage is up to no good and you should look for a different option.

Broker Rating

0.1

Get Your Money Back From This Broker!

Spot Invest (spotinvest.com) is without a doubt a %100 fraudulent brokerage firm. It is NOT a real broker! Stay away! Spot Invest scam works by getting you to believe you can become rich by trading with them.

SpotInvest Review

If you have landed on this Spot Invest review, it is a sign that you are trying to choose an online broker for trading one financial instrument or the other. Given the numerous opportunities that the markets have to offer, it is no wonder that millions of people have turned towards this space.

But, you cannot deny that there are also risks that you have to deal with and mitigate. One of these is not choosing the right brokerage. It is one thing to opt for a company that does not offer you the services you are looking for, but it is not the only risk.

It is also quite possible that you end up opting for a scam brokerage that has one goal; to steal your data and funds in order to exploit you. All it will take is a simple Google search for you to learn just how common it has become and the number of these scams continue to multiply on a daily basis, considering the heavy traffic in the financial markets and the amount of money involved. This all shows that you have to proceed carefully, or else you can also make the wrong decision.

One may assume that spotting these scammers is easy, but it really is not because they know just how to carry out a farce and mislead you into believing they are authentic.

The statistics show just how good they are at doing so because despite being aware of their existence, people still continue to fall into their trap. You do not want to be next, but how can you ensure it does not happen to you? The key is to not let their appearance deceive you and look into their details carefully.

If there is anything disturbing, you need to back off immediately and this is what you should do with Spot Invest as well. This broker does its best to convince people that it is a true forex brokerage that offers access to forex pairs, precious metals, indices, energy commodities and crypto coins.

It also advertises lucrative trading conditions, a powerful platform and that it is regulated by the FCA. This makes Spot Invest sound like the perfect package, but you will find some disturbing details about the broker upon a closer look. What are they? You can go over them below:

Licensing and regulation

First things first, you should start with the regulation claim of an online brokerage because it can help you determine their trustworthiness. A company without a license cannot be trusted because this means that it is not in compliance with the rules and regulations of any jurisdiction. Such companies can disappear without a warning and can take your money with them. It also means that there is no accountability and they are not required to live up to any standards.

The same does not apply to a regulated brokerage, so it is best to stick with one that does have a license. As mentioned earlier, Spot Invest claims to be regulated by the FCA. This is the Financial Conduct Authority, which is the regulatory body of the UK and is recognized as one of the leading regulatory bodies in the world. Its license is considered valuable because it is issued after strict evaluation and is not just given to any company.

But, if you check the online database of the FCA for SpotInvest, you will not find the brokerage listed anywhere. This is disturbing because it shows that Spot Invest is lying about its regulation. No legitimate company would ever make such a mistake because they know that it will hurt their credibility. The fact that Spot Invest is doing so is an indication that it is trying to mislead people, as a lot of them might not follow up and verify their license.

Trading platform

The next detail that you need to look into about an online broker is their trading platform because it is thee feature that you use for the most part. You need it to monitor the market, for executing your trades and for using the trading tools that are required for analysis.

Therefore, it is understood that you want the platform to be powerful and advanced and this is primarily what Spot Invest has advertised, since it claims to have the MT5 available.

This is the leading trading platform in the market and favored by every trader, whether a novice or a professional. Unfortunately, it turns out that Spot Invest is outright lying because there is no MT5 available on its website.

As a matter of fact, it appears that there is no trading platform available at all and this is certainly a problem because there cannot be any trading without it. If the brokerage is not offering the platform needed for trading, it shows that it is only a ruse to fool you.

Trading conditions

The fact that Spot Invest has advertised lucrative trading conditions is another detail that catches the eye of traders, but this is also just another tactic that it is using. It turns out that Spot Invest does not have the lucrative trading conditions it is talking about.

The spreads it has advertised do start from 0.5 pips, but it also has a commission on every trade that end up increasing your costs significantly. This is just another trick to mislead people into thinking the conditions are attractive.

Secondly, the leverage ratios that Spot Invest supports are as much as 1:500 and these appear to be quite lucrative as well. However, you have to remember that the FCA does not authorize brokers to offer leverage of more than 1:30 to retail traders, which means that Spot Invest should not be offering these ratios because it claims to be FCA-regulated.

Most importantly, such leverage ratios are not allowed because they can be extremely dangerous, given that they can increase your losses significantly.

Closing Thoughts

Taking your time to look into SpotInvest.com shows you that there are a number of disturbing facts about it that you cannot ignore because they show that it is up to no good.