Max Investo review – 5 things you should know about maxinvesto.com

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Beware! Max Investo is an offshore broker! Your investment may be at risk.

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Max Investo is introduced as an award-winning regulated broker that’s offering Forex, Commodities, Indices and Stock CFD trading. At the same time, they present plenty of inconsistent pieces of information about their services, which we are going to discuss in the following text. Find out the details you need to know about this suspicious brokerage in the full Max Investo review.

Max Investo REGULATION AND SAFETY OF FUNDS

Max Investo is allegedly regulated, but that’s not true. In fact, this shady broker doesn’t even reveal its address or mention anything about the company. Nevertheless, we researched but didn’t find any licensed companies linked with Max Investo, so your funds would be in danger if you deposit. Their false claims make us believe it’s a scam scheme, and we’ll show you red flags verifying our suspicions.

That said, we can offer high-rated EU brokers and British brokers, which are trustworthy and stringently regulated. The European companies are secured by deposit insurance funds, laid down to protect clients’ money in case of insolvency or fraud, and that’s why we highly recommend those. For example, if you trade with a CySEC broker, you can claim up to 20 000 EUR in compensation, while the British protections are of even up to 85 000 GBP per person.

Max Investo TRADING SOFTWARE

Max Investo provides MetaTrader4, which is the leading platform in the retail Forex industry. The EUR/USD spread is 0.9 pips, which meets the industry standards, but the broker is shady and anonymous, so you’d better not consider the favourable trading conditions as good. However, in this case, it’s even a downside because some people may get enticed by the tight spread and put their money at risk by investing in a misleading unregulated broker. Beware!

Instead, you’d better consider the MetaTrader4 brokers and MetaTrader5 brokers topping both lists. The MT platforms feature advanced tools such as Expert Advisors, complex indicators, and first-class charting tools, which are also very easy to use. MetaTrader also comes with a Marketplace where traders and investors can find more than 10 000 apps and third-party developed solutions.

Next, we got on to another inconsistency. On separate web pages, the broker claims that the leverage is 1:500 and 1:1000, respectively. Pieces of conflicting information certainly undermine brokers’ credibility and strongly indicate people should stay away. Think about it; what else could be wrong, as well? Not to mention that leverage is too risky, and the actual levels provided need to be clearly defined.

In fact, leverage is so dangerous that many financial authorities imposed a market cap restricting its usage on the respective markets. Consequently, EU, British and Australian brokers are bound to limit clients to 1:30 for FX majors, while the Canadian brokers and the US brokers can’t provide more than 1:50. Most of the high-leverage FX companies are poorly regulated and very likely a scam, so be cautious.

Max Investo DEPOSIT/WITHDRAW METHODS AND FEES

The minimum deposit requirement is also something the broker fails to determine correctly. According to the information on the Account Type page, it’s $5, but on the Home page, the broker claims it’s $500. Whatever the case, Max Investo has already proven to be highly unreliable, so you should avoid it.

The funding methods are said to be Credit/Debit cards, Wire Transfers, Skrill and Neteller, but that’s also a lie. In fact, it’s only possible to fund trading accounts via bank cards, so we have another inconsistency and another red flag.

Speaking of deposits, we can offer Skrill brokers, Neteller brokers, FasaPay brokers, Sofort brokers, and Bitcoin brokers if you have trusted payment systems. The companies topping the lists are adequately regulated, and you won’t face scammers if you choose among the high-rated ones on both lists.

The broker doesn’t even present legal documentation, so there is no information about withdrawals or any fees whatsoever. The absence makes their business illegal because those documents serve as contracts between both parties, and traders need to sign a copy and submit it back. That’s probably the ultimate red flag we detected.

Overall, Max Investo is an unregulated brokerage, which is more than enough to stay away from this shady business.

HOW DOES THE SCAM WORK

Scammers are working online today. Social media and the Internet, in general, is plagued by scammers and their fraudulent offers. If you fancied an opportunity, clicked on and submitted your e-mail and contact numbers, scammers would ring you at once. They are seasoned manipulators who would promise the moon and the stars to lure people into their crooked schemes. During the phone call, you’d be offered bonuses, promotions, risk-free offers, bitcoin deals, and anything else you could possibly imagine. Scammers would claim to work with reputable firms, banks, governments, and so on while pushing you to invest with them. Those thieves lie big time and would promise you anything to gain your confidence and steal your money thereafter.

But the first deposit is just the beginning. Steadily scammers would carry on asking for more money from you no matter what. If you lost on the market, they’d persuade you to put more money and recover the losses. If you traded well, you’d be convinced to put more money and increase the profits. The troubles start when you ask for a withdrawal. The scammers would do whatever it takes to discourage you and would even ask you to deposit even more funds if you want to withdraw. The scammers’ mantra is “give me your money”, they’d push you to transfer more money over and over again for no obvious reason. Urgency is a treacherous sign, so if someone forces you to invest ASAP, that’s a scam.

WHAT TO DO WHEN SCAMMED

Unfortunately, no one is safe from scams. If you get defrauded, the first thing you need to do is to protect yourself from further risk. Deactivate your card immediately, contact your bank and ask for advice.

Report what happened to you, file a complaint, contact the financial regulator, contact other government institutions related to trading and investing, call the police if you feel necessary. Seek help actively!

Remember, it’s crucial not to rush blindly trying to recover your funds because fraudulent chargeback and fund recovery agencies are trying to double scam the victims. They ask for upfront payment, take the money but won’t do anything to help you!

Last but not least, share online your experience; it’s important to inform the public about scams. Be responsible!

Rich Snippet Data

Reviewer

TheForexReview

Review Date

2021-05-29

Reviewed Broker

Max Investo

Broker Rating

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