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Investmarkets Review | The Underlying Scam or Legit Broker?

by Kevin Berry
Rating: 
  1/5   Reviews: 2
Investmarkets - logo

As the online trading industry continues to evolve, it is crucial for traders to have access to accurate and reliable information about brokers before entrusting them with their hard-earned funds. In our pursuit of truth and transparency, we embark on this journey of unmasking Investmarkets and shedding light on its true nature. Our objective is to reveal the underlying scam that has plagued unsuspecting traders, and provide an authentic review of the broker’s practices.

Highlights

🏛️ Country Germany
⚠️ Regulation
🖥️ Website https://investmarkets.net/index.html
🎲 Demo Account Yes
⏳ Start Time 2023
💲 Minimum Deposit $250
⚖️ Minimum and Maximum Leverage 1:200
⚙️ Trading Platform Unknown
📨 E-mail office@investmarkets.net
📞 Phone +39/02.82.95.26.72

First Impression of Investmarkets.net

The official website of the broker leaves much to be desired and can only be described as a poorly executed endeavor. It is evident that minimal effort and investment were allocated to its development, resembling a cheap template you might find on a stock platform. The lack of attention to detail and overall unprofessional appearance raise doubts about the Investmarkets’ commitment to providing a reliable and trustworthy trading environment.

Investmarkets - website

While the website does manage to provide some legal information, it does little to compensate for the overall lackluster impression. In fact, the haphazard execution of the website raises concerns rather than instilling confidence. As experienced exposers, we quickly discovered a multitude of red flags that point to potential fraudulent activities.

Partnership and Bonuses

During our thorough examination of Investmarkets’ product offerings, we were unable to find any explicit mention of bonuses or promotional incentives. At first glance, it appeared that the broker did not provide any bonus programs to its clients. However, upon closer inspection of the trading conditions, we discovered indications that bonuses might indeed be available.

In the terms and conditions, there were references to trading points required to unlock bonuses, suggesting the existence of a bonus system within the broker’s framework. Furthermore, we found a separate section outlining the broker’s bonus policy in their official documents.

As the information regarding bonuses is somewhat ambiguous, it is prudent to seek direct clarification from the broker regarding their specific bonus offerings.

Account Opening on Investmarkets.net

The registration process there can only be described as a peculiar experience, bordering on “magic”. When you click the “Open Account” button, you are greeted with nothing but a blank page. It leaves you wondering, “What now?” However, fear not, for a simple click anywhere on the screen works wonders, and suddenly, an authentication and registration form magically appears before your eyes. Yes, we too were astounded by “creativity” in this matter.

Register

That’s not all. If, by chance, you decide to click on the “Join Us” button to proceed with creating a new account, brace yourself for yet another vanishing act, leaving you with nothing but… you guessed it, another empty page. *Smiling through tears*.

In summary, it appears that this “marvelous” project is still undergoing development, with some aspects yet to be fully ironed out.

Verification

Upon reviewing Investmarkets’ documents, it became evident that the broker requires clients to undergo a verification process. Clients have to submit scanned copies or clear photos of valid identification documents, such as a passport, national ID card, or driver’s license. These documents serve to verify the client’s identity.

Also, traders need to provide a recent utility bill, bank statement, or any other official document that clearly displays their residential address. Depending on the broker’s policies and regulatory obligations, additional documents may be requested, such as proof of income, source of funds, or a signed declaration form.

Pros
  • Verification is required.
Cons
  • Terms of documents checking are not specified.

Trading Software

The situation regarding the trading platform is also quite perplexing. The broker claims to provide access to the popular MetaTrader 4 (MT4) platform, which is commonly available in both desktop and mobile versions. However, the provided download links in the footer of their website appear to be non-functional and merely redirect users back to the homepage.

Furthermore, upon investigating the MT4 platform itself, it is evident that Investmarkets is not authorized or listed as a verified broker within the platform. Given these indications, it is highly likely that the broker might be concealing a lesser-known web-based trading platform with limited functionalities within its Client Portal.

Features Investmarkets.net GoldberryCo Nelson Financial Solutions
Demo Account ❌️
Mobile App
Own Development

How Can I Trade With Investmarkets?

Introduction to the official website and, most importantly, the Client Portal turned out to be disappointing. We have serious doubts about the broker’s long-term commitment to operating honestly. Perhaps the trading conditions offered by the company will shed some light on the situation.

All Info About Accounts

Introduction to Investmarkets’ official website and, most importantly, its client portal turned out to be disappointing. We have serious doubts about the broker’s long-term commitment to operating honestly. Perhaps the trading conditions offered by the company will shed some light on the situation.

So, the broker offers a total of 5 account types, ranging from basic to silver, gold, platinum, and diamond. However, the services provided leave much to be desired. For instance, across all account types, it is stated that there is zero commission for a trading volume of 1 million dollars. However, crucial information such as leverage size or even spreads is conspicuously absent. The basic account offers virtually nothing of interest, while the silver account supposedly explains risk management and different trading strategies, requiring a minimum deposit of $10,000.

In essence, all of services seem to be geared towards trader education. However, it turns out to be the most expensive form of education we have encountered. It is perplexing that one would need to deposit $500,000 just to receive basic advice on capital management from the broker.

The skewed focus on education at such exorbitant costs raises further concerns about the broker’s intentions and priorities. It remains questionable whether Investmarkets genuinely aims to provide value to its clients or if their primary objective is to profit from high-priced educational services.

Pros
  • None.
Cons
  • Dubious additional services.

Market Analysis and Education With Investmarkets.net

The company seems to heavily emphasize a vast array of services, particularly in analytics and education. However, what strikes as concerning is that all these supposed trading gurus remain unknown and anonymous. Surprisingly, the broker fails to disclose a single name. This lack of transparency raises red flags and diminishes the credibility of the broker’s educational offerings. Traders should be cautious when entrusting their funds and seeking guidance from anonymous individuals.

Deposit, Withdrawal, and Fees

On the broker’s website, it is stated that deposits can be made using bank cards and bank transfers. Additionally, the company claims to compensate for payment system fees. It is reasonable to assume that withdrawals can be processed through the same methods. However, the website conveniently omits any information about processing times for withdrawal requests.

Features Investmarkets.net Spotinvest Topinvesttrader
Debit/Credit Cards ✔️ ✔️
Electronic Payments ✔️
Crypto Transfers
Deposit Fee
Withdrawal Fee ✔️ ✔️

How Can I Contact It?

To contact the broker, they provide a phone number and email address. An address is also provided. However, it is puzzling that such a company cannot be found on maps, casting doubt on the authenticity of the given address.

Pros
  • Full contacts.
Cons
  • The address is probably fake.

Is Investmarkets Dangerous?

When it comes to working there, one crucial aspect we would like to address is the security of trading with this broker.

How Long Does The Broker Work?

Let’s start with the duration of Investmarkets’ operations. According to their “About Us” section, the broker claims to have launched in 2008. However, a domain verification revealed that it was registered on February 22, 2023. The company’s legend about over a decade of operation is simply false.

Domain info

How Is Investmarkets Regulated?

Equally intriguing is the legal information provided by the company. According to their claim, the broker is registered in Germany and presumably licensed by the German regulator BaFin. However, the reality is different. The company asserts that it has obtained a license from CySec, even providing a license number. However, it is unfortunate that CySec does not permit retail traders to have leverage up to 1:200. Furthermore, Investmarkets is notably absent from the list of licensed firms regulated by CySec.

Features Investmarkets.net GoldberryCo  Exallt
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

Kevin Berry
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Expert Opinion

Well, let me tell you, I had a good laugh when I visited their official website. The registration process was like a circus act gone wrong. I mean, seriously, who wants to open an account in a place where even the basic functionality seems to be playing hide-and-seek? My advice? Stay away from that mess. You don’t want to risk your hard-earned money in such a questionable environment. Trust me, there are far better options out there in the trading world where you won’t have to jump through hoops just to get started.

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Investmarkets rating

The level of trust
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Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

2 reviews about Investmarkets

Lisa June 23, 2023 - 20:12
Just another scam.
The level of trust
Quick withdrawal of funds
Efficiency of technical support

They’ll close down soon. I’m fully convinced that this company is engaged in the well-known forex market fraud. They offer attractive trading conditions, set a low minimum deposit, and wait for newbies to fall into their trap. The company manipulates the quotes however they want. The quotes don’t match up with other brokers at all. They don’t even align with other liquidity providers. It’s a shame that newcomers often fall for the smoke and mirrors they present. They are frequently deceived, fortunately not for large amounts of money, since, as I mentioned earlier, the minimum deposit here is small, specifically targeting newcomers.

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Jacob July 5, 2023 - 13:26
Pay attention to the red flags.
The level of trust
Quick withdrawal of funds
Efficiency of technical support

It’s emotionally challenging to read stories of people who have already lost thousands, if not tens of thousands of dollars here. But on the other hand, I can’t understand how people who want to engage in trading and can afford to make large deposits with the first broker they come across, can’t use their common sense and check at least the basic information available on the internet. Firstly, Investmarkets has been operating for less than a year, and their domain was registered in February. Secondly, the registration address and license jurisdictions don’t match up. That’s just not how it works. Thirdly, the quality of the website is abysmal, clearly not designed for financial purposes. Half of the buttons don’t work, and the links are empty. It’s evident that an amateur is behind it, trying to launch a money-grabbing website without even completing it. Seriously, just go on Google and search “Investmarkets real people reviews.” There have already been so many exposés written about them. People need to use their brains before leaving their money with unknown companies that have been operating for less than a year on a broken website. But of course, I feel sorry for those people.

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