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InvestBoost Review – Proven Facts That is a Scam Broker

Jul 8, 2021 ,
InvestBoost Huge Scam

InvestBoost broker represents itself as the best when it comes to trading offers. At first glance, the website looks solid and offers all the information about the trading process and conditions. However, is broker regulated or licensed, and where does it operate from?

Let’s see in our honest InvestBoost review!

Broker status:Unregulated Offshore Broker
Regulated by:No Regulation (Unlicensed Brokerage)
Blacklisted as a Scam by:CONSOB, CNMV, FSMA, DFSA
Broker Owner:Malarkey Consulting Ltd
Headquarters Country:Commonwealth of Dominica
Foundation year:2020
Supported Platforms:cTrader, WebTrader
InvestBoost Minimum Deposit:$250
Cryptocurrencies (Crypto Assets):Not Available
Available Trading Assets:FX, Commodities, Indices, Shares
Maximum Leverage:1:100
Islamic Account:Not Available
Free Demo Account:No
Accepts US clients:Not Accepted

InvestBoost Regulation and Licensing Details

Owned by notorious Malarkey Consulting Ltd, InvestBoost is a brand with a bad reputation. Since the owner has several other brands, such as PrimoTrade and AdvanceStox, both denylisted by the UK FCA, you can already understand why we have no trust for InvestBoost as well. 

Questions to InvestBoost License and Regulation

We’ve checked the FSU of Dominica looking for InvestBoost regulation. As you can already guess, our search gave no results. Practically, it means that the broker is not regulated by an offshore regulator, nor tier1 regulators such as FCA, ASIC, or BaFin. 

Do not trust illicit brokerage such as InvesBoost and avoid scammers like Finexico or LPL Capital.

Scam Warnings From Financial Regulators

Several EU regulatory bodies have blacklisted Malarkey Consulting Ltd and all of its brands. As aforementioned, PrimoTrade and AdvanceStox are blacklisted by the FCA, while broker has unbelievable 4 warnings. The first one to publish an official statement related to InvestBoost was Spanish CNMV. According to them, InvestBoost is conducting a scam from a Spanish domain, convincing clients it’s a legit brokerage.

After CNMV, we’ve got the same warnings from Belgium FSMA, Italian CONSOB, and Danish DFSA.

This points us to believe InvestBoost brokerage is operating all around Europe and scams clients heavily, just like TradedWell broker.

InvestBoost Trading Platform Review

After we reviewed the broker trading platform, we saw that the broker is offering cTrader and a web trader. None of these platforms are as competitive as MT4 or MT5 nor secure. Therefore, trading with InvestBoost is exposing your funds to higher risk. Moreover, the broker offers unregulated leverage of up to 1:100, making it more hazardous.

Broker InvestBoost Account Types

The company offers six different account types:

  • Starter
  • Basic
  • Trader
  • Profi
  • Expert
  • Master

InvestBoost minimum deposit for the Starter account is $250, while all the other accounts require $5,000 and more.

The leverage for the Starter account is 1:25, while from the Profi account, it goes to 1:100. The spread starts from 0.5 pips, while from the Profi account, it goes even to 0 pips for some currency pairs. Of course, the more money you have invested, the more support you are offered.

InvestBoost Assets

Assets You Can Trade With Broker

The company offers trading with currency pairs, commodities, indices, and shares. Since InvestBoost forex broker claims to be competitive and has the best offer, not providing cryptocurrency trading is a significant disadvantage. 

To start trading, clients need to deposit a minimum of $250 via debit/credit cards or cryptocurrencies. We find it unbelievable for someone who does not offer clients profit from cryptos to ask for crypto deposits. It shows us how unscrupulous InvestBoost really is.

We want to invite you to read our recently updated Primefin review.

InvestBoost Login Problems

Reportedly, clients are experiencing severe login problems with the InvestBoost broker. At first, everything functions perfectly. However, once you ask for funds back, your account is suspended, and logging in is no longer an option. Is this just a trick for the broker to stop clients to insist on a refund, or it’s a system glitch? We have no idea, but someone should deal with these accusations seriously.

InvestBoost Withdrawal Issues

According to many InvestBoost reviews we’ve had a chance to see, the broker is not so easy for fund withdrawals. Since it’s not regulated and nobody takes care of its actions, broker seems to be doing whatever it wants. Declining withdrawal requests under false statements that some of the documents are missing, suspending clients’ accounts after insisting on a refund are just some of the actions InvestBoost is taking to prevent clients from getting what is rightfully theirs.

If you recognize yourself in this story, do not hesitate to report it.

Scammed by an InvestBoost broker? We Know What to Do!

Being scammed by an illegal offshore brokerage that does not fall under any regulatory jurisdiction is more common than you would think. We can assure you that you are not the only victim of the InvestBoost scam. Global Fraud Protection recently received numerous complaints about the broker.

If you were scammed by InvestBoost or any other shady brokerage, do not hesitate to report it. Since these brokers usually violate terms and conditions, you have a base for filing a dispute and requesting a chargeback.

Get in touch with us via chat, and let’s get your money back ASAP!

Don’t Let the Scammers Go Away for Free!

What is InvestBoost?

It is an online trading brokerage that has no regulation for providing financial services.

Is InvestBoost regulated and licensed?

Broker has no regulation or license for providing financial services. Your funds are in danger!

Who is the owner of InvestBoost broker?

The owner of InvestBoost broker is Malarkey Consulting Ltd from Dominica.

Are My Funds Safe with InvestBoost?

Since it’s not a regulated broker, your funds are not safe with such. Beware of fraud!

Is InvestBoost broker advisable to trade with?

The broker is based offshore and has no regulation, which makes it a broker to avoid.