The brokerage company Epicinvest24 strives to provide trading access to all traders, both novices and experienced. This is an offshore broker, whose management has more than 10 years of experience in the business. However, it is unknown when the firm was founded, whether it has any licenses, and which business model is used. Our review aims to determine whether the firm is safe for trading or whether it might be a scam. We will find out what trading conditions are offered to users and what red flags suggest a risk to client deposits.
Table of Contents
|St. Vincent and the Grenadines
|🎲 Demo Account
|⏳ Start Time
|💲 Minimum Deposit
|⚖️ Minimum and Maximum Leverage
|⚙️ Trading Platform
|firstname.lastname@example.org, email@example.com, firstname.lastname@example.org
First Impression of Epicinvest24.net
Upon landing on the main page of the site, we are immediately offered to become part of the AI revolution and not to miss the great opportunity to make money from it. However, it is not entirely clear how this is arranged. In general, throughout the site, these insignificant and meaningless offers, pseudo-advantages, and clichéd phrases are scattered. Epicinvest24 wanted to create the impression of a serious broker, but it didn’t work out.
Partnership and Bonuses
For both existing and new clients, the broker offers bonus promotions. They are provided under certain conditions with a time limit on validity. All details about the bonuses should be clarified with Epicinvest24 managers.
The company has also developed an affiliate program. For each referred client, the partner receives a bonus to the balance, but it will be credited only after the referral meets the conditions. Firstly, the referral must pass KYC; secondly, they need to perform a minimum of 8 transactions. The size of the bonus depends on the amount of the invited trader’s deposit: $200 if the deposit is up to $2,000, and $300 if it is more than $2,000. The referral needs to make a deposit within 120 days of registration.
Account Opening on Epicinvest24.net
To get a more detailed acquaintance with the broker, it is necessary to open an account. Clients can immediately open a real type of account, or try a free demo account. The registration procedure at Epicinvest24 is fast and simple. It is enough to indicate your name, contact details, country, currency, date of birth, and password. Moreover, there is no need to confirm the creation of a personal account by email because no letter is sent.
After the account is created, one can study the interface of the dashboard. Everything here is standard and primitive. Epicinvest24 has not brought anything new and does not offer anything unusual, so users can perform common actions:
- Edit personal data.
- View trading history and financial transactions.
- Deposit and withdraw funds.
- Upload documents for KYC.
- Download the platform to your PC, or access WebTrader.
On the Epicinvest24 website, there is a document dedicated to KYC&AML. It describes what it is, why verification is needed, and what documents need to be provided. The list of required documents includes proof of identity, proof of residence, and a photo of a bank card. Meanwhile, the CVV, signature, and the first 12 digits should be obscured, while the last 4 digits, expiration date, and full name should be visible.
- KYC&AML policy is described in detail.
- The firm requires a photo of the bank card to be uploaded.
- The document processing time is unknown.
The broker calls its platform an intuitive multi-asset award-winning one. And this is not surprising, as any brokerage firm talks about its terminal as if it’s the best software in the world. Epicinvest24 assures us that the terminal fully incorporates modern functionality for technical/graphical analysis, real-time market data, indicators, pending orders, one-click navigation, and notifications.
Some of these claims are true. The platform indeed allows the use of basic technical analysis, setting alerts, changing the color scheme, and so on. However, the functionality is severely limited. There is no market depth, auto-trading, horizontal volumes, open interest, and many other professional tools. So Epicinvest24 greatly exaggerates the advancement of its terminal.
The company also claims that the platform is available on all types of devices. Yes, the terminal can be downloaded from the personal account, but we did not risk doing this, as the .msi file looks very suspicious. We do not recommend downloading unknown software onto your computer. As for mobile phones, the situation is a bit different. Epicinvest24 does not have a separate app for Android/iOS, but the terminal is adapted for mobile browsers. It is possible to trade from smartphones, but through a mobile browser, which is quite inconvenient.
|RGN Financial Planning Ltd
How Can I Trade With Epicinvest24?
Before trading, clients need to choose an account type. Here’s a discussion on that.
All Info About Accounts
Epicinvest24 offers six types of accounts, with the minimum deposit requirements immediately catching the eye, despite the FAQ section indicating $250. The first tier, allegedly for beginners, requires a minimum deposit of €10,000. Where would newcomers to the market get such money? Holders of this account type get 24/5 support, an education center, daily market review, and pro webinars. A standard service package, nothing out of the ordinary or interesting. The second tier requires a huge €25,000, only adding “price alerts” to the services. It’s unclear what the rationale is behind such an account type.
It’s pointless to go into detail about the other types. The minimum deposit amounts are very substantial, which is unlikely to tempt anyone to invest €50,000-€100,000 in an offshore brokerage firm. Epicinvest24 includes expensive tier features like personalized strategy, trading with a trainer, and daily analysis video.
The maximum leverage offered is 1:500, while regulators prohibit companies from offering leverage higher than 1:30-1:50, suggesting a lack of license. Spreads are undisclosed, and Epicinvest24 charges a profit commission. It’s only taken from profitable trades and depends on the profit size per trade. The minimum is $1.5 for a $250 profit, and the maximum is $5 for income over $2,501.
- There is a demo account.
- Spreads are unknown, there is a commission on profits.
- Islamic account is not available.
- High minimum deposit.
Market Analysis and Education With Epicinvest24.net
The broker has an education center for beginners with videos, articles, and strategies. Additionally, the website features a ticker, a table with online quotes, webinars, a glossary, an asset index, and video courses. Epicinvest24 also shares information about trading, leverage, risk management, and other financial market topics.
Deposit, Withdrawal, and Fees
Deposits can be made via bank transfer, Visa/Mastercard, Sofort, and Klarna. The official site’s icons also suggest support for Neteller, Skrill, and AstroPay, among others. Epicinvest24 doesn’t charge for deposits, but withdrawals incur a 3.5% fee. Be aware of a $20 monthly maintenance fee and charges on inactive accounts. Withdrawal requests typically take up to 3-4 business days, but may require more time.
How Can I Contact It?
The broker offers various ways to contact managers, including several phone numbers, different emails for various purposes, and online chat. However, social media accounts are missing. Checks on Epicinvest24’s contacts revealed nothing.
- There are phone numbers, several email addresses, and an online chat.
- Social media accounts are absent.
Is Epicinvest24 Dangerous?
We can’t conclusively label the broker as fraudulent yet, but there are significant red flags. A €10,000 minimum deposit, fees, high leverage, tactics that seem to coerce more money from traders with various services at higher tariffs, and a generic website are concerns that shouldn’t be ignored. To fully judge the broker, its operational duration, and licenses must be verified.
How Long Does The Broker Work?
The company doesn’t disclose its foundation date, which might indicate it’s relatively new. Online reviews are scarce, and the website’s domain was registered only in 2021, suggesting a short operation period.
How Is Epicinvest24 Regulated?
Legally, the firm is owned by C.F Global Enterprise LLC, registered in Saint Vincent and the Grenadines. As of the last update, there were no records of the broker in the SVGFSA. Other sources suggest Epicinvest24 was once listed, but perhaps was removed following the liquidation.
Even if it were listed in the SVGFSA, that wouldn’t be sufficient. This regulator doesn’t oversee forex brokers, so such registration doesn’t guarantee legitimacy. Currently, Epicinvest24 operates without a license, which is illegal.
Frequently Asked Questions (FAQ)
How to Trade With Epicinvest24?
Is Epicinvest24 Legit?
How Risky Is It?
In the two years of its existence, the firm has failed to build a reputation as a reliable and profitable intermediary. Here is an example of a company where you should never open an account and trade. Epicinvest24 is a collection of scammers who were even expelled from St. Vincent and the Grenadines. It’s a typical scam broker with a website created from a standard template. I have encountered similar resources many times, and they all turned out to be fraudulent in the end. And this pseudo-broker is no exception. Protect your money, don’t risk trading in such places, as such a risk is senseless.