First registered as investmentcenter.com, The Investment Center broker today operates as investmentcenter.online. Despite the domain change, they didn’t change the scheming pattern.
Our The Investment Center review should show you how this investment firm operates and how to avoid being scammed. In addition, we’ll display all the regulatory warnings the brand earned.
The Investment Center is an anonymous trading firm. The company doesn’t display the owner or headquarters anywhere on the website, including legal documents. This is quite suspicious as we cannot find The Investment Center regulation.
We’ve searched major Tier 1 registers, including FCA, CONSOB, and ASIC, but instead of a license, we found scam warnings. These will be elaborated on later in the review.
For now, it’s important to note that you have absolutely no fund security. Licensed brokers must meet specific criteria to earn their regulation. This includes maintaining minimum capital at a certain level, keeping clients’ funds in segregated accounts, and participating in the compensation fund. With The Investment Center broker, you have nothing.
The Investment Center is an anonymous trading brokerage. The company rebranded once there were too many regulatory warnings but continued operating without a license.
In April 2022, Belgian regulator FSMA warned about unregulated entities onboarding Belgian investors without proper approval. This warning was republished in Norway.
In May 2022, another Canadian regulator issued an official warning against the broker. This time, it was the Ontario Securities Commission. According to this notice, all three domains of the broker are fraudulent and not approved in the region of Ontario. Not long after, the Securities Administrators raised this alert on the national level, while it was also republished in the Netherlands.
Our analysis of the broker’s web traffic has shown that the majority of customers of this illicit broker come from the following countries:
Most of these countries have respective regulators that don’t allow brokers to run without approval. Hence, we’ve seen many warnings against The Investment Center.
Speaking of victims, let’s see how this broker lures clients. First, like any good scammer, the company places ads on Google, Instagram, and Facebook. Each ad contains promises such as “thousands of dollars within 24h” or “invest now and get a 100% bonus.”
Once you, as an unsuspecting victim, click on the ad, you’re prompted to provide the company with a phone number, email, and other personal details. Then, they can start calling, sending offers, and more.
If you buy what they’re selling and invest the first money, you’ll be in touch with boiler room agents calling themselves account managers. They can add you to WhatsApp and Telegram groups and channels, manipulating you into thinking it’s a big company with massive success in managing clients’ funds.
Nowadays, scammers often use LinkedIn as a means of contacting victims. LinkedIn tends to show professionalism as a business network, and you may be more inclined to trust the company with a verified profile. Sadly, fraudsters realized this and started faking legitimate businesses.
Before agreeing to anything, check your broker, find a license number, and verify it with the regulator. It’s the only way to stay safe with so many vicious schemers around.
The Investment Center trading platform is disappointing. The company offers basic WebTrader we’ve seen a number of times before.
You can review your open and closed positions, add more funds, and request an account statement. Besides, you can apply several indicators and switch between five chart types.
If you had access to a third-party platform such as MT4, MT5, or cTrader, you’d see why each of these has millions of users. Namely, each enables access to a broad range of trading tools, including social trading and robotic trading. Additionally, they all have dedicated mobile apps for Android and iOS, which you won’t get with The Investment Center and their browser-based solution.
We don’t recommend trading with this broker. However, the choice is yours. If you wish to invest, you can choose among five tradable asset categories:
It’s a solid range, but it doesn’t change the fact your broker is fake.
You can choose one of the four The Investment Center account types, those being:
The leverage ranges from 1:100 to 1:400, respectively. Besides, higher accounts bring more educational materials and better spreads but also require more money out of your pocket.
There’s no option to trade for free. The Investment Center Demo is unavailable, and once you register, you’ll be prompted to deposit immediately.
It’s nothing weird, as we already displayed a number of red flags. If you had access to a risk-free account, you’d never upgrade to a Live one. Therefore, this broker would have fewer chances of soliciting investors if they could see how lousy their trading terms really are.
According to The Investment Center Withdrawal Policy, customers can choose one of the three payment methods:
The company will return funds to your credit card only up to the amount you deposited. Everything above that sum must be withdrawn through a bank transfer or BTC.
Additionally, they require various documents for account approval, which may lead to delays in your payout. In some cases, customers complained that they couldn’t verify their accounts as the broker constantly asked for another fictitious document on top of what was already provided.
First of all, don’t get desperate. Losing money to a financial swindler, especially an experienced one such as The Investment Center, is nothing to be ashamed of.
You can contact Global Fraud Protection and book a free consultation with our chargeback experts or CipherTrace crypto analysts. They will evaluate your case and give you an honest estimate of the situation.
Don’t waste time; monetary matters are quite sensitive. Get in touch now, and let’s hear your story!
The Investment Center is an anonymous trading scam. If you have already deposited funds with the broker, we may be able to assist with monetary recovery.
The Investment Center doesn’t offer a Demo account, only Live ones.
The Investment Center offers deposit bonuses but requires you to pay the sum 20,000 times before being eligible for a withdrawal.
The Investment Center is an anonymous trading scam. If you have already deposited funds with the broker, we may be able to assist with monetary recovery.
The Investment Center doesn’t offer a Demo account, only Live ones.
The Investment Center offers deposit bonuses but requires you to pay the sum 20,000 times before being eligible for a withdrawal.
The post The Investment Center Review 2023 – Should You Trust An Unregulated Broker? appeared first on Global Fraud Protection.
