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InvesaCapital Review: 5 facts about this shady forex broker
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InvesaCapital Review: 5 facts about this shady forex broker
InvesaCapital is a fraudulent forex broker using deceptive statements to dupe investors into thinking that it is operating legally and ethically. Aside from that, it claims to be registered in South Africa, a country with a high demand for financial services.To get more news about invesacapital review, you can visit wikifx.com official website.
Regardless of all these empty promises, the company is an unreliable one. Their website is full of useless information and license numbers to cover up for the fact that InvesaCapital lacks any legit forex license!
For starters, their “Company information” consists of numerous brand names, addresses, and license numbers claiming that all these companies are associated with each other in various means. There is so much going on that it is hard to make sense of it all.Now, InvesaCapital claims to be operated by Imermarket (PTY) LTD, an investment company based in Johannesburg, South Africa. South Africa has become a quite popular registration location for countless forex brokers due its laxer oversight in comparison to financial hubs like the UK. With that in mind, the South African local regulatory authority, the Financial Sector Conduct Authority of South Africa (FSCA), oversees the non-banking financial services sector, including securities exchanges and forex brokers. Therefore, to operate legally in South Africa, brokers must obtain an FSCA license.
However, we are highly doubtful that InvesaCapital is, in fact, owned by Imermarket (PTY) LTD as there is virtually no verifiable source that associates the two brands in any way. Even more, Imermarket is connected with two other brands: XENIUM FINANCIAL MANAGERS and XENIUM FINANCIAL MANAGERS (PTY) LTD.
As InvesaCapital’ doesn’t have anything to do with either of these brands, is it likely that InvesaCapital had simply hijacked the above brands’ licenses and illegally operates on the back of their reputation and legitimate status.
Furthermore, they use the name of another company, this time – a Cyprus-regulated one (OBR Investments Ltd), claiming that Imermarket and OBR Investments belong to the same group of companies. Puzzling, right!?
We are confident that all those claims are nothing but a fish tale. Don’t let the scammers behind InvesaCapital fool you into thinking they are licensed anywhere besides their dreams. InvesaCapital does NOT fall under any regulatory authority and should be avoided at all costs! It is obvious that we’re dealing with remorseless scammers stealing legit companies’ information to dupe victims into thinking they are trustworthy.Determining if a forex broker is legit or not is quite easy. Always do your research and keep in mind that if a broker’s license can not be verified on any reputable authority’s register, it is dangerous to be dealt with!
As for regulations and standards, we always recommend traders to invest with brokers licensed in heavily-regulated financial hubs such as the UK and the EU. The strict rules followed by legit brokers are for your best protection and interest as an investor!