InvestorMex asserts its reliability as a company while failing to provide any information regarding its regulatory status or contact details. Read this complete InvestorMex review to know why we add this broker in our scam brokers list.
While their website contains an abundance of information, vital particulars such as registration, contact details, and regulatory status are notably absent. This absence of transparency gives rise to concerns and underscores the necessity for prudent scrutiny. Consequently, it is highly recommended to abstain from conducting any transactions with InvestorMex.
Website – https://investormex.com
Address – N/A
Warning – Financial Conduct Authority (United Kingdom)
Regulation – Unregulated, Blacklisted
Domain Age –
| Domain Name | investormex.com |
|---|---|
| Date Registered | June 22, 2023 |
| Domain Age | 3 months, 26 days, 23 hours, 57 minutes, 43 seconds |
Is InvestorMex legit or a scam broker?
There are numerous warning signs associated with InvestorMex. Notably, the absence of crucial contact, registration, and regulatory details on its website creates a cloud of uncertainty, leaving potential investors in the dark about the legitimacy of their operations.
Adding to these concerns, the esteemed Financial Conduct Authority (FCA) in the UK has unequivocally cautioned against InvestorMex. The regulatory agency declared that InvestorMex lacks the required authorization to conduct business in the UK after publicly exposing the broker’s misleading activities.
It is crucial to remember that engaging with an unregulated and dubious entity like InvestorMex can pose severe risks to your financial well-being.
InvestorMex Review: Trading Platform
Despite the company’s claims of providing the top-of-the-line MetaTrader 4 platform, their software is generic and lacks any resemblance to the promised platform.
In view of this, we highly recommend that traders prudently invest their time and resources in selecting a reputable broker that genuinely provides the widely recognized and highly esteemed MetaTrader platforms.
Deposit and Withdrawal Methods
This unreliable broker conceals its minimum deposit requirements, contributing to its lack of transparency and giving rise to concerns about its trustworthiness. InvestorMex purportedly offers support for a range of payment methods, including Credit/Debit cards, Bank transfers, as well as alternatives like Skrill, PayPal, and others.
Moreover, the company enforces withdrawal fees based on the chosen method:
- Wire transfers: 50.00 USD/GBP/EURO
- Credit cards: 25.00 USD/GBP/EURO, along with a processing fee of 10.00 USD/7.00 EUR/5.00 GBP
In addition, a 10% charge is imposed on the withdrawal amount for accounts with a turnover of less than 200 or for accounts that haven’t undergone the verification process.
For wire transfers, the minimum withdrawal is set at 250.00 USD/GBP/EURO, while for other methods, it stands at 100.00 USD/GBP/EURO. It’s essential to consider these fees when planning your transactions to avoid unforeseen financial implications.
InvestorMex Review: Trading Conditions
From the information available on InvestorMex website, their trading software is said to support a wide range of trading instruments, including Forex, Stocks, and Cryptocurrencies.
While their platform highlights appealing spreads of 0.1 pips on EURUSD, 0.7 pips on GBPUSD, and 0.4 pips on USDJPY, it’s imperative to acknowledge that these competitive spreads should not overshadow the evident lack of trustworthiness associated with the broker.
In spite of the alluring leverage options extending up to 100:1, it’s essential to exercise caution when considering this offer. High leverage, although potentially profitable, also significantly magnifies the associated risks.
How does the InvestorMex scam work?
The operation of this scam typically follows a well-worn pattern. Scammers often initiate contact with potential victims through unsolicited emails, phone calls, or even social media messages.
They entice individuals with promises of lucrative investment opportunities, guaranteed high returns, and minimal risk. Once they’ve gained the victim’s trust, they may convince them to invest funds. However, the promised investments do not exist, and the scammers pocket the money. As the scheme unravels, victims are left with significant financial losses, and the scammers disappear, making it challenging to track or recover the stolen funds.
InvestorMex Review: Conclusion
If you’ve been defrauded by a scam like InvestorMex or any fraudulent scheme, you have the right to seek legal recourse against those responsible. To commence this procedure, please fill out our online complaint form, and our experts will offer you a free consultation. During this consultation, you will be guided through the essential steps to reclaim your funds.
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