Imperotrade – Can You Trust Them?
Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.
Imperotrade - DO NOT TRADE WITH THIS PROVIDER
2.3/10
$100
Minimum Depositupdated 2022
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.
Try these regulated brokers if you want to start trading cryptocurrencies
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.
Website URL: https://imperotrade.com
Founded: 2021
Regulations: None
Languages: English, All Google Translate Languages
Deposit Methods: Digital Currencies (BTC, ETH, USDT)
Minimum Deposit: $300
Free Demo Account: No
Number of Assets: Unknown
Types of Assets: Forex, Digital Currencies, Crude Oil, Commodities
Trading Accounts and Conditions
Imperotrade does not have any trading accounts to offer. This broker offers investment plans instead:
- Gold Package: The investment range is from $300 to $2,999. You are promised a 6% daily profit and the ROI is paid after 5 days. The investment term is 5 days.
- Platinum Package: The investment range is from $3,000 to $9,999. You are promised a 10% daily profit and the ROI is paid after 5 days. The investment term is 5 days.
- Promo Package: The investment amount is $5,000. You are promised an hourly profit of 5%. The investment term is 24 hours and the ROI is paid out after 24 hours.
- Diamond Package: The investment range is $10,000 to $50,000. The investment term is 5 days and the ROI is paid out after 5 days. You are promised a daily profit of 15%.
- Premium Package: The investment range is $51,000 to $100,000. The investment term is 5 days and the ROI is paid out after 5 days. You are promised a 20% daily profit.
There is no mention of spreads, leverages, order execution methods, or other trading conditions.
Imperotrade – Advantages
There are no advantages to trading with Imperotrade.
Imperotrade – Disadvantages
Listed below are all the red flags that clearly tell us that Imperotrade is a scammer:
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Lack of Regulation
Imperotrade claims to be registered in the United States and is licensed by the UFSA (US Financial Services Authority). This is just a lie made up by the broker to fool traders into thinking that they are a legitimate organization. The truth is that there is no such financial authority in the US.
In fact, the forex market is regulated by not one but two separate authorities – the CFTC and the NFA. The CFTC, or the Commodities Futures Trading Commission, is the authority that issues the brokers their license. And brokers also need to be members of the National Futures Association. Without both these requirements being fulfilled, there is no way a broker will be allowed to operate legally in the United States.
Added to this, Imperotrade also claims to be regulated by other financial authorities – The CySEC (Cyprus Securities and Exchange Commission), the FCA (Financial Conduct Authority), the BaFin (Federal Financial Supervisory Authority of Germany), the ACP (the Prudential Supervisory Authority in France), CNMV (the National Securities Market Commission in Spain), the Finanstilsynet (the Danish financial authority) and the FSCA (the Financial Sector Conduct Authority in South Africa).
We checked each and every one of these regulators’ online records and found that there was no broker by the name of Imperotrade listed with any of them.
We also noted that while the broker has stated that their parent company is called Imperotrade Ltd, there is no corporate information provided. There is no proper physical address given, and there are no clear contact details either.
What all of this information tells us is that we are dealing with an anonymous and unauthorized broker – a scam.
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.
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.
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Possible Serial Scam
We also think that there is a strong possibility that this broker is actually a part of a serial scamming operation. The content of their website, especially the part about their regulation status, is identical to other brokers whom we have exposed as scammers.
This broker’s regulation information matches with that found in https://magnatetrade.com and https://ultimatebitcash.com to the tee. This means that the same entity has created multiple websites and has copied and pasted the same information on all of them in a bid to scam as many traders as possible before they get caught and shut down.
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No Legal Documents
Another clear indication of a scam is the lack of legal documents. You have to click on the I Agree button when registering for an account (or investment plan) with this broker, however, if you actually click on the Terms and Conditions link, you will find that there aren’t any legal documents at all; all the documents are blank!
This means you don’t know who you’re dealing with or even what you’re agreeing to when doing business with Imperotrade. This also means that if you do do business with this broker, the chances of you losing your funds are extremely high, and there won’t be anything you will be able to do to get those funds back.
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No Real Trading Platform
More evidence of this broker’s scam is the lack of a real trading platform. The trading software is the most important offering a broker has, and with it missing, you know you are dealing with a total scam.
When you check this broker’s client area, all you will see is a basic chart that shows the current price of BTC (Bitcoin) – nothing else.
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No Trading Accounts and Conditions / Profits Guaranteed
Besides a trading platform, the other service that a broker needs to provide are trading accounts and the conditions associated with each of those account types.
With this broker, there are no trading accounts or trading conditions. What we get instead are investment plans where the broker guarantees you profits and returns on your investment in as little as 24 hours or 5 days (depending on the plan you choose).
Such is promise is impossible for a legitimate broker to make since the nature of the forex market is such that the majority of trades lead to losses and not profits. Therefore, if a broker is promising you massive gains, then they are scamming you.
Conclusion
Imperotrade is in all probability a serial scammer and your money is not safe with them.
Imperotrade
Pros
- None
Cons
- Lies About Regulation Status
- No Legal Documents
- No Trading Software or Conditions
- Blacklisted by CNMV
- Guaranteed Returns
Do not trade with unregulated brokers that will steal your funds - try these regulated brokers:
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.
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.
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