Scam Brokers

Future Invest Limited – Can You Trust Them?

Yosef | Publish date: 06/15/2024 (Last updated: October 29, 2024 07:16 AM)

Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.

Future Invest Limited - DO NOT TRADE WITH THIS PROVIDER

2.4/10

$100

Minimum Deposit

updated 2024

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The details for opening trading accounts are not indicated on the broker’s website. In order to register with this broker, you only need to go to their sign-up page where you’ll be asked to enter your name, email address, phone number, and password. You’ll also be asked to accept their Terms and Conditions and confirm that you’re over 18 years of age. After this, the trading platform will be made available for you and you can start trading using their demo account.

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Website URL: https://future-invest-limited.com

Founded: 2024

Regulations: Not Regulated

Languages: English, Spanish

Deposit Methods: Bank (credit/debit) Cards, Cryptocurrencies

Minimum Deposit: $250

Free Demo Account: Not Available

Number of Assets: 1000+

Types of Assets: Cryptocurrencies, Forex, CFDs in Stocks, Cryptos, Commodities, Stock Indices, Energies, Metals

Trading Accounts and Conditions

Future Invest Limited offers their clients the following types of trading accounts:

Standard: There is a $250 minimum deposit requirement.
Silver: There is a $10,000 minimum deposit requirement.
Gold: There is a $50,000 minimum deposit requirement.
VIP: There is a $100,000 minimum deposit requirement.

While the broker has no mentioned their other trading conditions on their Account Types section, we did find out that the spreads for the 3 main forex pairs are 0.4 pips. However, the broker does not tell us the commissions involved with these spreads. The leverage this broker offers is 1:10.

Future Invest Limited – Advantages

There are no advantages to trading with Future Invest Limited.

Future Invest Limited – Disadvantages

Listed here are all the issues that tell us that trading Future Invest Limited would be a bad idea:

Lack of Regulation

Future Invest Limited claims on the footer of their website that they are authorized and regulated under the European Financial Security, and that their reference number is 758897.

Here are the issues that tell us all these claims are lies.

First, this broker does not specifically tell us who their parent company is, where they are based, or even how to contact them (except via the Contact Us form provided on their website). So, we are dealing with an anonymously operating broker. That is the first sign that this broker is a scammer.

The more interesting issue is that the broker has blatantly lied about their regulation status. There is no such institution by the name of European Financial Security. Brokers operating in the European Union need to be regulated by a member country and comply with the regulations put in place by the ESMA – the European Securities and Markets Authority. And that reference number that Future Invest Limited has provided is completely made up. And this is even greater proof that we have a scammer on our hands here.

Plus500

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82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.

AvaTrade

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Minimum Deposit

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The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.

Blacklisted by CONSOB

The financial regulator of Italy, the Commissione Nazionale per le Societa e la Borsa, or, the CONSOB, has blacklisted this broker for operating in their jurisdiction without a license. The regulator has more or less announced that this broker is a scammer and that they are banned and blacklisted in Italy.

When a regulator blacklists a broker, it is clear evidence that that entity is a scam.

Issues with Trading Platform

Future Invest Limited claims to offer their clients diverse platforms that are suitable for any device, anywhere. The broker does not tell is which platform they are using, though. And neither do they provide us with a free demo account where we can their platform and practice on it to see how good it is.

At this point, we should highlight the fact that regulated and legitimate brokers have to provide their customers with a free demo account. This allows traders to practice using that broker’s trading platform in a safe environment before they commit real funds with that broker.

When such a facility is unavailable, it is a sign that things are not quite right with that broker.

We also checked their real trading platform for ourselves. It is not even close to being diverse. In fact, it barely functions. It is web-based and so basic that even trading on it would be difficult. We have seen such platforms being employed by other scammers.

When a broker compromises so blatantly on their main product, it is perfect proof that we are dealing with a scammer.

Issues with Trading Conditions

Future Invest Limited’s trading conditions are incomplete and unfair. This is just more proof that we are dealing with a dishonest broker. Let us explain further.

The minimum deposit this broker asks for is $250, which is within industry norms – barely. However, the jump from the basic (Standard) account to the next level is a massive $9,750, and even higher for the higher account types.

Next, the broker claims to offer very favorable spreads at 0.4 pips. The problem is that Future Invest Limited does not tell us the commissions they charge. The total cost of a trade is the spread and the commission, so one without the other is incomplete information. For all we know, this broker is charging such huge commissions that the cost of a trade is prohibitively high.

The leverage of 1:10 is surprisingly low. Brokers are allowed to offer a maximum leverage of 1:30 in the EU. So, the leverage this broker has offered is not competitive and neither is it attractive.

Other trading conditions are simply ignored. All of this tells us not to trust this broker.

Issues with Payments

Another issue we have is with the payment options available with Future Invest Limited. You can either use a credit/debit card or cryptocurrencies. We could not access the broker’s payments section, so there was no way for us to confirm whether these payment options are actually available or not.

Unfair Bonus Conditions

This broker offers bonuses, and if you try to withdraw your funds after accepting those bonuses, you will find it very difficult. Future Invest Limited demands that you meet a massive trading turnover target before you will be allowed to withdraw you funds. You need to meet a trading turnover target of your deposit amount + bonus amount multiplied by 25! This is almost impossible to meet, so you never get to the point where you will be able to withdraw your funds. The perfect scam!

Conclusion

Future Invest Limited is not a broker to be trusted. They are scammers and trading with them would mean a loss of funds.