Elviva Invest articulates its mission as centered on granting traders access to the world’s largest and most liquid financial markets. Furthermore, they promise their clients a highly profitable and expeditious trading environment. Elviva Invest takes pride in offering clients an award-winning trading platform and top-tier services.
However, the reality falls far short of these lofty claims. Regrettably, Elviva Invest appears to be a minor player in the offshore world of fraudulent activities, having earned a spot on the blacklist of a prominent Tier 1 regulatory authority and operating without any recognized licenses. Delve into our comprehensive Elviva Invest review to uncover the reasons behind this assessment.
Complete Scam Artists
The authenticity of Elviva Invest remains shrouded in doubt. While their website claims to represent a firm with the same name and address listed on the UK Companies House, the actual company registered there dates back to 1986 and operates as a financial services holding company, unrelated to elvivainvest.com. It appears that whoever is behind the website may be exploiting this legitimate company’s information.
Furthermore, Elviva Invest lacks recognition as an FCA-regulated broker, as confirmed by the regulator’s official database. Adding to the opacity, the legal documents on the website declare that Saint Vincent and the Grenadines laws govern their operations, yet this broker is not registered with SVGFSA.
Our investigation led us to an alarming warning issued against Elviva Invest by AMF, leaving no doubt that this broker operates as an illicit entity, devoid of essential fund protection, risk management measures, and crucial AML safeguards.
How Victims Are Targeted
Freshly established scammers often cast their net wide, targeting as many countries as possible with the singular goal of deceiving unsuspecting victims for quick financial gain. The fact that the French regulatory authority has blacklisted them strongly suggests that Elviva Invest primarily preys on traders in that region.
However, their victims hail from various other countries as well. The following list details the nations with the highest number of traders victimized by this particular fraudster:
- France
- Lebanon
- Switzerland
Elviva Invest employs social network advertising and relentless boiler room agents who continually reach out to potential targets. It is imperative to recognize that the enticing trading conditions and promises of profitability are nothing but falsehoods that can lead to severe financial consequences.
To safeguard your financial interests, it is advisable to steer clear of these tempting offers and seek legal support in the event of any disputes.
Comments