If anything, InvestCore did have a widespread network of scams. The company has changed several domains and owners, each shadier than the other. Hence, they all ended up on watchdog lists.
This detailed InvestCore review will summarize everything we know about the firm and associated brands so that you can avoid their scam altogether.
Also, fraudsters such as MigoTrade, Battle Trade, and BullGeko should be avoided as well. Withdrawing funds will almost certainly be difficult for you.
| Broker Status: | Offshore Scam Broker |
| Broker Regulation: | Unlicensed Forex Provider / No Regulation |
| Scammers Websites: | Investcore.pro Investcore.trade Investcore.ltd |
| Operating Status: | Active Forex Trading Scam |
| Blacklisted as a Scam by: | BaFin, CNMV, OSC, AMF, FI, IFSC |
| Broker Owner: | Malarkey Consulting Ltd / Xertz Consulting Inc. / Investcore Ltd |
| Headquarters Country: | Commonwealth of Dominica |
| Foundation Year: | 2021 |
| Trading Platforms: | WebTrader |
| Mobile Trading: | Not Available – only via web |
| Minimum Deposit: | 250 USD |
| Deposit Bonus: | Available |
| Crypto Trading: | Not Available |
| CFD Trading: | Yes, you can trade CFDs |
| Trading Instruments: | Forex, commodities, indices, shares, futures, options |
| Maximum Leverage: | 1:200 |
| Islamic Account: | Not Available |
| Demo Account: | No, only live trading accounts |
| Accepts US Clients: | US traders are accepted |
| Global Fraud Protection Team: | Don’t Invest in This Scam Broker! |
Is InvestCore a Scam Broker Without Regulation?
Let’s first take a look at who owns the firm before we elaborate on InvestCore regulation. The company has changed three owners – Malarkey Consulting Ltd, Xertz Consulting Inc., and Investcore Ltd.
The first is based in the Commonwealth of Dominica, the second is allegedly headquartered in Switzerland, and the third is in Belize, according to the website. However, we have authority confirmation regarding the second and third entities, with regulators stating these addresses and companies are fake. Hence, we’re inclined to believe the firm is in Dominica, a country with almost non-existent supervision of FX brokers. Fits the scheme.
Just a quick reminder, brokers who legitimately operate in the EEA zone cannot offer leverage higher than 1:30, following the limit imposed by ESMA. InvestCore broker provides up to 1:200, implying it’s illicit and offshore.
Let’s move on and see what regulators have to say regarding the fraud.
Warnings Against InvestCore Fraud
In January 2022, the Spanish CNMV issued a warning regarding investcore.pro and its owner, Xertz Consulting Inc. According to it, the firm has no authorization to provide investment services. Another EU member, Estonia, republished this warning.
In March of the same year, the broker earned a ban in Canada, with the Ontario Securities Commission banning Investcore Ltd and Xertz Consulting Inc. as scheme owners. This warning was soon republished in the Netherlands.
In June 2022, German BaFin associated Xertz Consulting Inc. with several fraudulent brands, including HashTrade, Equity-Broker, and PrgnTrade. They also said they’re aware that InvestCore’s customers received letters allegedly from BaFin, confirming the broker’s authority to offer financial services.
According to Section 54 of the German Banking Act (KWG), carrying on a business that requires a permit without the necessary license is a criminal offense. And yet, InvestCore does so along with all other flagged brands.
Finally, the FSC of Belize raised their concerns regarding Investcore Ltd, allegedly a Belize-based brand. Once an offshore regulator warns you, it really means bad business.
Where Do InvestCore Victims Live?
InvestCore first registered its domain investcore.pro in the GoDaddy WHOIS database in February 2021. In November, we got investcore.trade, while in December, they added investcore.ltd into play.
The vast majority of complaints about the firm come from:
- Mongolia,
- Germany,
- Spain,
- US,
- UK.
This largely complies with regulatory warnings about fraud.
What Trading Platforms Are Available?
InvestCore trading platform is a plain WebTrader. The only reason they even served a somewhat functional software is so that they’d be able to sell their story and entice victims such as yourself into a scheme. Nothing more was expected from a fraudulent broker.
While browser-based solutions are rarely reliable and highly susceptible to price manipulation, third-party software isn’t. Legitimate firms often offer MT4, MT5, or cTrader, each with millions of downloads and plenty of tools. Scammers, conversely, don’t care whether or not you will succeed in trading. They only want your money.
What Can You Trade With a Broker? – Trading Instruments
Let’s glance at the list of tradable assets.
- Currency pairs – EUR/USD, USD/ZAR, SEK/NOK
- Commodities – gold, natural gas, sugar
- Indices – AU200, DAX30, S&P500
- Shares – Amazon, Netflix, Asus
- Futures – gold, silver, crude oil
- Options – stocks, commodities, FX pairs
Crypto trading is not possible, while options trading is highly questionable. Binary options were banned in the UK and EU in 2018 and later also in Australia.
InvestCore Demo Account – Can I Trade For Free?
InvestCore doesn’t offer a Demo account. Instead, clients were obligated to pay a minimum deposit of $250 to test the system.
While risk-free accounts can be deceptive if you aren’t careful, they’re also invaluable for those who know what to do with them. One can test their trading strategy, different charts, and indicators and “feel the market.” However, InvestCore doesn’t give you such an opportunity.
How to Withdraw Your Profit From an InvestCore Account?
InvestCore withdrawals are highly questionable at this point. According to reviews, the majority of their victims are unable to get their money back through legal methods as the firm was never authorized. There are also no active domains, meaning all customer accounts are suspended.
The company mainly accepted debit/credit card and wire transfer deposits. On the bright side, you can file a dispute for a chargeback within up to 540 days. On the negative side, time is running out.
I Lost Money With InvestCore Scam, What to Do?
In the unfortunate event you find yourself a victim of the InvestCore scam, don’t despair just yet. Global Fraud Protection has dedicated chargeback experts who can help you recover funds. We’re here to guide you through the process and help you get justice.
Book a free consultation today, and we’ll work on your case ASAP, considering the time issue.
All In All, Don’t Let the Scammers Get Away for Free!
FAQ Section:
Is InvestCore a Legit Broker, and Should I Invest In It?
InvestCore is an offshore scammer that vanished with clients’ money. If you cannot get a withdrawal, allow us to assist you with this matter.
What Is an InvestCore Minimum Deposit?
The broker requires a minimum of $250, the typical amount of scheme firms.
How Long Do InvestCore Withdrawals Take?
According to the website, the broker has up to 7 days to process your request, plus additional time for the funds to land in your bank account.
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