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Why is Invinco a scam?

Started by Admin, May 18, 2023, 12:42 PM

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Topic keywords [SEO] scamInvinco

Admin

This article contains the following information:
  • What is known about Invinco;
  • Irrefutable arguments that Invinco is a scam;
  • Further indications that Invinco is a scam.

When the situation got to the main aspect of trader support, I got very angry. Their managers were either unresponsive or unable to address my concerns with any semblance of competence. I thought I was talking to a robot and my requests for help were ignored. In that situation I urgently needed help at a time of strong market movement, I was stranded, and it eventually resulted in me losing a large sum of money.

What is known about Invinco

In brief, almost nothing. The company was created in 2022. It is not known in what country it is based. There is no credible information in just over six months of the broker's operation. There is purely negative information about the company, but first things first. Our editorial team decided to search the web for information on the country where the legal address of the company is located, but nothing was found. Any company respecting investors would want to be open and transparent to inform traders so that they could know whom they would entrust their money to, but it seems that the owners of Invinco didn't think so.



Consequences of dealing with Invinco

What happens if you or someone else spits on all the facts mentioned here and decides to try working with Invinco? Let's look into it. Let's take a review of Invinco from Reddit:
"I am leaving this review in order to share my painful experience with Invinco and to warn potential customers before they even consider handing over their hard-earned money to this company. In my years of trading experience I have never come across a worse brokerage firm and it has left me with a bad taste in my mouth and a significant decrease in my confidence in trading in general.

Now on to the comparison of what Invinco has and the normal average firm. How does a good brokerage platform have to work? A good investor platform is the main tool for traders to access global markets and make informed investment decisions. A good platform must have both cents and a virtual one in addition to the regular one.

The key fact that confirms that Invinco is a scam

There is no doubt about the lack of regulation. The regulator performs a certain number of tasks, including inspections of broker offices, inspections of firm representatives, control of the financial component, clients and control of the solvency of the broker. But the regulator's most important task is to prevent money manipulation. Money manipulation can be different, for example writing off an investor's money without his permission, or misusing a trader's money in transactions he did not authorise. A couple of months before the crisis of two thousand eight and nine, the largest banks in the US were doing this on a massive scale. Through the regulatory agencies, the trader could, for example, recover the funds. Regulatory authorities have their own parameters to check qualification of financial company managers, including brokerage companies. This, in turn, ensures that their clients are dealt with by professionals. Invinco does not have any regulation, not even a brokerage permit from some non-existent entity.
A good brokerage platform must have a user-friendly interface. A well-designed, subliminally understandable user interface is essential for a brokerage platform. This ensures that investors can easily navigate the marketplace, manage their portfolios and conduct transactions without difficulty. None of this is present on the Invinco platform. Although we have seen many different platforms and it is a close thing for us, it is difficult to navigate on this particular platform despite our vast experience.
A good investor platform should have a variety of investment options. A quality trading platform must offer a sufficient range of investment solutions, including stocks, bonds, ETFs, mutual funds, options, futures and other securities. This enables people to protect their accounts against risk and have access to many asset classes. There are quite a number of instruments on the Invinco platform, but the catch is that Invinco is a scam and trading these instruments is not real, it is all artificial, like a game. When you buy stocks through the Invinco platform you are not really buying anything for the reason that Invinco is not licensed and therefore not allowed to interact with the global markets and therefore you are not essentially buying anything through a brokerage company in the international market. By the way the platform Invinco not only has a terrible usability, but on top of that it's quite ugly from an aesthetic point of view.

Feedback on Invinco

What do the reviews on Invinco say? Mostly about scams and the screaming unqualification of Invinco managers. The ratio of good to negative reviews is naturally in favour of the negative ones. The positive reviews on Invinco are not all that simple either. The trouble is that they are all too formulaic and made not so long ago and at about the same time. All this suggests that these favourable reviews are fake. Read one of these reviews:
"Invinco is a great organisation! It has a brokerage permit. I get 50-100% of my total capital per month and I allocate 10 minutes a day to all of this. I recommend Invinco to everyone!"
Really cool organization! The only one that can make an average trader a billionaire in a few years, because he will get one hundred and fifty to two hundred percent a month. We're sure in this situation it's already clear that this is a fake review.
We cite another review on Invinco taken from Reddit:
"Invinco is the most profitable broker on the market. I cannot understand why this broker is not #1 in Eurozone and US yet! The service is top notch and the staff at Invinco is very knowledgeable. I have been working with the broker for almost four years and everything is cool."
And we also can't understand why this broker isn't number one... among scammers until now.
Note that those people who have been peddling fake reviews don't even know themselves Invinco has been around for about six months, but not for several years, which is how this person interacts with Invinco. No facts are presented which confirm that Invinco's analysts are "very clever".

My experience with Invinco

The facts above are already enough to make a correct conclusion about the nature of Invinco. We made the decision to check things out for ourselves to be 100% sure.
We registered, Invinco representative called us and immediately started convincing us to make the largest amount. During the conversation the manager of Invinco was using assertive selling strategy, some ridiculous flattery. We funded our account for a minimum amount of 25$ and decided to try the signals produced by this broker. What happened next? We lost almost all our money in a couple of trades and decided to return the money, but they did not give it to us. Once again the Invinco manager called and tried to convince me to withdraw the money and moreover to transfer the money to the account once again and make the trades and according to him if I had done that I would have been reimbursed the loss. It is unclear why the managers could not compensate for the loss without me giving them my personal money again. It is not hard to understand that if I had done so, the managers would still not have returned the money, not a cent.
Entrusting your personal investments to Invinco is a decision you will surely regret, as I did after all this. I have faced the bitter reality that this is the worst thing that could have happened to me as an investor and I hope that my experience will serve others who, are considering entrusting their funds to this unfortunate brokerage company."

As we can see, not only did the investor lose money and nerve cells, but he did not gain any positive investment experience, only disappointment in his investment. If you look at the other opinions, they basically have the same content. The most common thing they write about is that Invinco does not pay out the money. Traders also write about how extremely unqualified Invinco managers are. We have read many opinions at Invinco, and many times we read that broker representatives use explicit tricks and use insults when talking to investors. Reviews on a white investment company should suggest otherwise, or at least things shouldn't be so terrible. In short, the reviews on Invinco also clearly demonstrate that Invinco is a common scam.

What other signs and evidence is there that Invinco is a scam?

As mentioned above, Invinco and its managers are no strangers to aggressive selling and abusive behavior, displaying incredible unqualification and pulling marketing gimmicks like gigantic earnings guarantees and falsifying opinions. The legal data on the Invinco website is missing, not even an agreement of public offer, while any broker must have legal papers confirming the existence of a broker's license, registration papers and optionally some regalia. The situation in search is the same as with the reviews, they are all similar to each other. The fact that Invinco does not withdraw investments is a common feature of scams. Representatives Invinco still like to send false signals, which not only impossible to get the money, but on the contrary, all the money evaporates. Scammers often send such signals in order to get income and more commissions and fees, although it is more about consultants at real brokerage houses, who are scamming in this way. But the very frequent technical failures of the Invinco platform are also a typical indicator of fraud.

What else must be present on the platform of a decent broker? Research tools! A trading platform should give investors access to research tools and resources. These can include financial news, analyst reviews, corporate financial reports, technical analysis tools and more. These resources enable clients to make informed investment decisions rather than doing the wrong thing. And how can one make adequate investment decisions when all that is present on the Invinco site is a calendar? White brokers make sure that their clients have everything they need to make wise decisions, as it directly affects the overall perspective of cooperation between them.

Also an extremely important feature of a cool trading platform is the robust security features. Ensuring the security of the users' personal information and funds is of utmost importance. A quality trading floor must have good security measures in place, such as two-factor verification, encryption and secure socket layer (SSL) methodology. All of these and other things are designed to firmly protect traders against scams, stealing investments from their accounts or hacking into the investment platform with a massive data leak. None of these things are even close to being present on the Invinco platform.
Even worse, on an emotional level, it affected me greatly. Not only did I lose a large sum due to Invinco's incompetence, but the whole incident planted in me a sense of betrayal and a lasting distrust of the brokerage industry. I can't get rid of the painful thoughts of the dozens of hours dedicated to resolving problems and recovering financial losses caused by the ineptitude of this firm.

Initially it was clear that the level of skill and competence at Invinco was clearly close to zero. Their platform was constantly problematic, with regular technical glitches and a user interface that can only be described as clunky and incomprehensible. This alone made executing trades nerve-wracking, but the problems didn't end there.

Comparing Invinco to a decent firm

The following information is present in this part of the article:
  • What a good brokerage organisation's site should look like;
  • How is the Invinco platform;
  • Comparison of a good brokerage platform with what Invinco has;

A quality investment platform is a must have both mobile and desktop option. In today's lightning-changing world, investors should be able to access their brokerage platform on the go. This, by the way, will enable them to follow the lightning-fast changing environment and quickly sell or buy any asset if there is a compelling reason to do so. A good platform should have a flexible mobile app as well as a real desktop version to meet the different aspirations and requirements of clients.

Conclusions

You've seen it all for yourself. Invinco is different even among the scams. The firm is so toxic that there is nowhere to put a stigma on it. The reviews on Invinco that don't resemble the rigged ones are filled with criticism. People usually say that the money is not compensated, the representatives are rude, the platform is uncomfortable, it hangs systematically, there are only negative memories from cooperation with the company. If you do not want to suffer the same fate as the other traders, do not even leave your contact information on the Invinco website, or if you have already left it, blacklist the phone numbers of investors and ignore them. If you do start talking to managers, there's a risk that scammers with their talents and experience at scamming will manage to wrap you around and steal your hard-earned money. Because they don't just offer some investment solutions, they try to gain the trust, make friends with their victims, entice them by promising very high profits.