Beware! AnteiInvest.com is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
AnteiInvest.com provides a very typical and exemplary offshore brokerage experience. Everything about this firm is also seen and expressed in hundreds of other unregulated brokers that we have reviewed over the years. Down to the last detail; we can’t see a single element of AnteiInvest.com that gives a vibe of uniqueness. It’s obvious where the verdict for this review is headed, yet our readers can still go through it and see what went wrong.
It was not a surprise to us that the registration process was utterly broken; once we completed the simple form the immediate response was an error page. With a non-functioning user area on our hands we can connect the dots and easily come to the conclusion that AnteiInvest.com can’t offer users any trading.
There remains the slight possibility that only the chosen few can access a trading software, but this is not at all reassuring.
However, for the relevancy of this review we will go to the website and take as much trading info as we usually do. It’s too bad that there is no trading conditions to quote from. Moreover, the more we focus on the broker, the more we realize how inadequate everything is.
The website of the broker is available in English and Russian.
ANTEIINVEST.COM REGULATION AND SAFETY OF FUNDS
The classic claim that the broker is not directed towards any jurisdiction where “distribution or use would be contrary to local law or regulation”. This is the most common and cryptic way to say that the broker is unregulated. Although it may not be too clear to many.
The official address of the broker places it in Panama, where the official regulator is the Superintendencia del Mercado de Valores (the Superintendency of Market of Securities). An independent agency, this body is tasked with regulating the FX market industry. However, the regulatory body does not license the current broker- not only is there no mention of AnteiInvest.com in the overseer’s registry, but the broker mentions nowhere that it is regulated by the authority.
All in all, AnteiInvest.com is completely UNLICENSED, making it a direct risk to all invested capital as well as any ID documents provided. Do not invest here!
Always go for FCA or CySEC regulated entities when you have the chance. On the other side of the spectrum, never invest in unregulated brokers, for they will take all your money and never return it. License issuers employ an array of rules and restrictions to keep all their brokers docile. Moreover, overseers are capable of penalizing brokers by applying a plethora of different fines. Moreover, some regulators, most notably the FCA and CySEC, offer compensation schemes applicable to users whose regulated brokers cannot pay them back. CySEC offers a €20 000 refund amount per person, while the FCA guarantees up to £85 000.
ANTEIINVEST.COM TRADING SOFTWARE
Talking of a trading platform this point would be completely unnecessary. Not only does AnteiInvest.com have no proof of a trading software, but we honestly believe that it actually has no trading software.
Whatever the case might be, AnteiInvest.com still remains a complete scam!
ANTEIINVEST.COM DEPOSIT/WITHDRAW METHODS AND FEES
We find no information on a minimum deposit amount anywhere on the site. The most typical one, for both scammer and legti brokers, is $250.
The withdrawal policy mentions that there are certain withdrawal fees, but it does not go into any further detail. Thus these commission remain a mystery. There are also mentions here and there of the available funding methods, which include credit cards, debit cards, wire transfers, and some sort of alternative methods.
There might be withdrawal transfer fee, as the broker, in the withdrawal policy, makes it clear. However, the company not once mention these fees ever again. It is very common for scammer brokers to mention that they have fees but to never reveal what these charges actually are or when they apply. There may be other commission, not related to withdrawals, that AnteiInvest.com has not bothered to mention.
According to the terms and conditions, the minimum withdrawal amount for wire transfer is $500, and $100 for credit or debit card users.
We could not locate any specifics on a withdrawal processing time.
In conclusion, AnteiInvest.com plays against all the rules and does not seem to care that it is breaking the law. Do not invest in it because you will regret it!
How does the scam work?
The ironic thing about the scam is that it is very simple to deconstruct.
It all starts with users being persuaded by fake ads that lead to either a scammer broker site or an intermediary website.
Either source will require a phone number or email address by means of which the scammer will contact the user.
The other side of the line will be a representative of the unregulated broker/investment scam asking for a preliminary deposit, one that will open the user up for more investments in the future.
If the client deposits this first sum, then she has fallen into the trap, and will never see her money back.
What follows, is a second wave of much more persuasive scammers whose job is to charm their way through the users’ funds by asking for more deposits. They will promise you huge returns, and probably have proof of the client accumulating profit, but they will never encourage withdrawals.
Once the user wishes to withdraw the reps of the scam will do everything in their power not to allow the user to do so. The excuse/tactics are many: shutting the website, closing down the account, stalling, not answering the client, etc…
It’s only then that you will realize you have fallen victim to an investment scam.
What to do if scammed?
File for a chargeback! Unfortunately, this only applies to cases where a user has deposited via a credit or debit card. Do note that MasterCard and VISA have a chargeback period of 540 days.
If money was invested, and lost, through a wire transfer, then the user should change her user name and password on her bank account. Then the defrauded client should contact the bank and try to find a solution together to the problem.
As for funds lost through cryptocurrency-related deposits, well, they cannot be brought back, unless the scammers themselves decide to.
There remains another threat in the form of the so-called recovery agents who promise to return all lost funds in exchange for a service fee. This commission is, of course, non-refundable, and once it is paid, the user will never hear from these second-hand scammers ever again.