We caught this scam broker in its lies. All the evidence you need can be found in our Polus Investment Management Review.
All the info we had at our disposal on this financial swindler’s website was put together in this careful analysis. After reading this review, we promise you’ll abandon the idea of trading with Polus.
Let’s first address Polus Investment Management’s regulation, i.e. trading license, or lack thereof. This brokerage is supposedly run by the UK-based company Polus Investment Management Limited.
Although this company is indeed incorporated in the UK, it’s not registered with the local Financial Conduct Authority (FCA), the market watchdog.
It implies that Polus Investment Management doesn’t have a trading license and is providing services illegally.
Trust us, you’re better off without Polus Investment Management and similar unlicensed brokers such as Am Markets. Our advice is that you find an FCA-regulated broker if you’re situated in the UK.
As for the rest of Europe, the European Securities and Markets Authority (ESMA) imposes strict and tight regulatory rules for all EEA zone brokers. If you’re from the US, make sure your provider is registered with the CFTC and the NFA.
Polus Investment Management claims to be a legitimate UK broker but the company isn’t registered with the FCA. Since January 2023, this broker has tried to scam traders from the UK and the Czech Republic.
Since we’ve already proven that Polus Investment Management is unlicensed, and exposed the broker’s fake reputation in the process, let’s see what the website states.
Polus claims its business is “overseen by the UK Financial Markets Authority,” an authority that doesn’t exist. Don’t forget that it’s the Financial CONDUCT Authority, not what our shady broker wrote.
After doing some research, we found out that this broker wasn’t particularly active. Polus Investment Management mainly targeted traders from two particular countries:
To reiterate, Polus is not authorized to operate or provide services in these countries. The broker doesn’t comply with the regulations of the FCA and ESMA.
Since Polus Investment Management is a relatively newly-registered scam broker, there aren’t many reviews or complaints. Unfortunately, we did find two complaints against the broker, meaning Polus claimed two victims.
It appears that the two victims are Russian traders. We found these complaints on a Russian trading forum called SCAUD and translated them into English for the sake of this review:
I lost so much money, it’s terrible!! Polus Investment Management deceives people every single day!! I deposited $500, they immediately gave me a bunch of bonuses, almost twice as much as my investments, and a week later they said that these were loans, so I won’t be able to withdraw my money until I repay these loans!
Polus Investment Management didn’t allow us to access the trading platform without prior registration. Nevertheless, we dug through the website and found out that this platform is a web-based trading terminal, meaning it can be opened on any device with a browser.
As such, we’re pretty sure it’s oversimplified and ineffective. WebTraders usually offers only basic indicators and graphs.
To make matters worse, Polus Investment Management is unregulated so the platform could be manipulated as well. The broker doesn’t offer legit software such as MT4, MT5 or cTrader.
Based on the information we have on Polus’ website, the broker offers the following trading assets:
When it comes to different trading accounts, Polus Investment Management offers four options:
The prices are high and there’s a discrepancy regarding the minimum deposit. In the Benefits section, Polus claims that the minimum investment is 150 EUR.
We don’t know anything about Polus Investment Management’s leverage. As for spreads and commissions, the former allegedly starts from 2 pips, which is too wide to be profitable, and the commissions are purportedly zero.
Just like UNFXB, Polus Investment Management offers a PAMM (Percentage Allocation Management Module) account, which should allow the connection of multiple trading accounts.
No. It’s bad news because in order to gain access to Polus’ platform, you have to open a live account right off the bat.
Basically, you don’t know anything about Polus’ trading conditions and requirements and yet you’re supposed to trust the broker. Please don’t.
There’s no Polus Investment Management withdrawal policy. From another source, we found out that Polus accepts payments via credit/debit cards.
The good thing here is that a chargeback is possible in case of withdrawal issues. As for the broker’s fees, for both deposits and withdrawals, we were left in the dark.
You should write a complaint on a forum if Polus Investment Management violated any terms and conditions. We can help you by reporting the scammer to the authorities.
If you need assistance with the chargeback, Global Fraud Protection is at your disposal. Our experts have experience with the chargeback process as well as advanced crypto-tracing software, CipherTrace.
If this broker steals your money, start the chargeback process. It’s important to act quickly so please book a free consultation with us via Online Chat.
No, Polus Investment Management doesn’t have a trading license. Please avoid investing your money to trade with this scam broker.
No. Polus Investment Management does not offer a free demo or a trial account on the website.
No. Polus Investment Management’s trading platform is web-based so it doesn’t require a mobile trading app.
Not really, the broker’s platform is a rudimental and lackluster WebTrader with no advanced features and tools.
No, Polus Investment Management doesn’t have a trading license. Please avoid investing your money to trade with this scam broker.
No. Polus Investment Management does not offer a free demo or a trial account on the website.
No. Polus Investment Management’s trading platform is web-based so it doesn’t require a mobile trading app.
Not really, the broker’s platform is a rudimental and lackluster WebTrader with no advanced features and tools.
The post Evidence Of Fraud In the Polus Investment Management Review appeared first on Global Fraud Protection.
