Invest505 Review – Do Not Get Scammed by This Unlicensed Broker

Is there a scam at Invest505 Forex and Crypto Trading ?

Invest505 broker claims it is registered in Marshall Islands under the brand Invest505. This may seem like a good idea, but it is not. The brand name does not reveal anything about the owner. Invest505’s regulatory status is a question mark. Let’s just say GLOFSA (a Marshall Islands regulator) isn’t known for its strict control over the Forex market.

Brokers operating in the UK and EU must meet strict requirements. All brokers operating in the EU and UK must be licensed by Tier1 authorities such as FCA and CONSOB. They also need to follow ESMA rules concerning leverage caps. Broker Invest505 is not regulated and transparent about trading terms.

As a summary, you can’t count on the Financial Ombudsman and any other authorities to assist you if you have any funds that you are deposited with this fraudster.

Invest505 is an anonymous financial swindler that has no regulations. These reviews reveal major problems, including withdrawal problems and blocked trading account. The firm should not be trusted with your funds.

Broker pretends to be authorized

Invest505 warns investors against investing with unregulated brokers. This is quite funny. You can find a section on their website that explains how to avoid being scammed. They falsely claim that they are a reliable brokerage firm, registered in Marshall Islands, reg. no. 111866.

We found no results when we searched the GLOFSA registry for this number. We concluded that Invest505 is a fraudster and should not be trusted.

Where can 505 scam victims live?

From all over the world, we have received reports about an Invest505 scam. Most of the reports came from these countries:

• Netherlands
• UK
• Australia
• Germany
• Cyprus

Since May 2022, the cyber fraud has been in operation. This and other Invest505 reviews could help to pressure authorities to ban the scam.

How does this fraudulent company find victims?

Finding victims is the first step for scammers. The fraud can’t continue without victims who are willing to give their money. Their search for investors begins via Google Ads and social media. To get you involved in a trading scam, they’ll create all sorts of marketing schemes.

After you click the ad, fill out the questionnaire and send an email, brokers will call and start sending tons of emails. These calls will only have one purpose: to make you deposit immediately without you taking the time to research the options.

Let’s say the story sounds compelling enough that you agree to pay the initial amount. Account managers are there to add you to different WhatsApp and Telegram groups. These individuals are trained to extort additional funds, but they don’t choose how to do it.

Fraudsters often combine financial scams with romance, so they use dating apps like Tinder, Bumble, and Grindr to lure their victims.

Scammers may also try to scam you by creating fake accounts on social media sites like YouTube or LinkedIn. This scammer technique has become more popular in recent years. They believe having a business network will help them gain fake credibility.

Invest 505 WebTrader Platform

The Invest505 trading platform works well, it is true. Although it is a WebTrader, it is highly functional. It’s easy to navigate through the various options, view available assets and prices, as well as find many charts and technical indicators. Invest505 was a hard worker for one scheme company.

Web-based platforms are easy to manipulate, however. This brokerage decided to use internet-based software instead of third-party platforms like MT4, MT5, and cTrader. It is functional but does not provide fund protection.

What can I trade with a broker?

CFD Broker Invest505 offers a wide range of trading assets.

• Currency pairs: EUR/NOK (GBP/ILS), USD/SEK
• Commodities – gold, natural gas, soybeans
• Indices – DAX30, CAC40, S&P500
• Shares – Lufthansa, Samsung, Alibaba
• Cryptocurrencies – SOL, ADA, SHIBA

Chargebacks are a way for your bank to recover funds from the merchant. We recommend that you contact us immediately to begin the process. We will have a free consultation to discuss how we can recover your money right away!