If you’re looking for a reliable, trustworthy broker, do not even consider IngoInvest. We’ve done the research and collected the information on the broker. If you’re wondering is broker reliable or regulated and where it is based, then keep on reading.
We’ve done the IngoInvest review for you.
|Broker status:||Anonymous Offshore Broker|
|Regulated by:||No Regulation (Unlicensed Brokerage)|
|Broker Owner:||Rapid Develop Group Ltd|
|Headquarters Country:||Marshall Islands|
|Supported Platforms:||MT4, WebTrader|
|Types of Assets:||Forex (FX), Commodities, Indices, Shares|
|Free Demo Account:||No|
|Accepts US clients:||No|
IngoInvest Regulation, Licenses and Security
IngoInvest is a brand of Rapid Develop Group Ltd. The company is based in the Marshall Islands and has no regulation whatsoever. However, we found information about another entity, Rapid Develop Ltd, in the UK on the broker’s website.
What’s Wrong With IngoInvest License and Regulation?
As aforementioned, the broker has no regulations in the Marshall Islands. We’ve checked the FCA register to ensure the broker is not regulated in the UK as well. As we thought, not just that IngoInvest regulation doesn’t exist, but this entire entity is not listed anywhere in the UK companies register.
IngoInvest Trading Platform Review
After reviewing the IngoInvest trading platform, we have a couple of conclusions. First, the broker is offering trading with MT4 and a web trader. We greet using of the MT4 as one of the most prominent platforms out there. However, we need to warn you against using web trader since it’s the least secure platform on the market.
The leverage this brokerage provides is up to 1:300 for the Forex market, which is ten times higher than an EU-regulated broker can provide. But, speaking of spreads and other trading conditions, there is no available information. That tells us the broker is not transparent and not trustworthy, just like Pocket Option.
In Which Countries Does This Broker Work?
As a broker without regulation in any jurisdiction, IngoInvest shouldn’t offer financial services anywhere. Yet, the broker is operating mainly in the UK, Austria, Germany, Italy, and several other EU countries. Besides Europe, we found IngoInvest clients coming from Singapore, Australia, and South Africa.
The broker listed explicitly as restricted areas the USA, Israel, Russia, and Japan.
What Can You Trade With a Broker?
Since there is no Demo account available, we couldn’t verify the offer of trading assets. All we can tell is that the broker provides trading with currency pairs, commodities, indices, and shares, while cryptocurrencies are left out.
Another thing that bothered us and made it clear this broker is illegal is the IngoInvest minimum deposit. Every legit brokerage must publish the minimum deposit on the website as a part of trading conditions. Yet, broker didn’t try too much, so we have no idea how much you should deposit to get involved with this fraudulent company.
Did You Fall Victim to the IngoInvest Scam?
If you’ve been scammed by IngoInvest or any other brokerage, there is a possibility of getting your funds back. You need to file a dispute and request a chargeback.
Unfortunately, you are not the only victim of the IngoInvest scam. Contact our support via chat and get all the information regarding the refund process.
Don’t Let the Scammers Go Away for Free!
What is IngoInvest?
It is an unregulated and unlicensed online trading brokerage you should avoid.
Is IngoInvest a legit online broker?
No, IngoInvest is not regulated and not a legit broker. Do not invest your funds!
Are My Funds Safe with IngoInvest?
Since the broker is unregulated, your funds are in danger. Beware of a scam!
Who is the owner of IngoInvest broker?
Rapid Develop Group Ltd from the Marshall Islands is the owner of IngoInvest.