Certa Invest Review – A Broker Operating Without a License and a Warning from UK’s Financial Conduct Authority
It’s important to exercise extreme caution when trading with Certa Invest, an offshore broker based in St. Vincent and the Grenadines. Since this country doesn’t regulate the forex industry, the firm doesn’t hold a forex license. Furthermore, the UK’s Financial Conduct Authority has issued a warning about this company, advising that it is not a trustworthy broker. Certa Invest’s claim of offering high leverage of 1:600 is also a cause for concern, as it is a highly risky level of leverage that is not recommended for retail traders. If you’re considering investing with Certa Invest, think twice and read our full Certa Invest review to know why we believe this broker is a scam.
Website – www.certainvest.io/
Address – SPROTT BROS PLAZA, Bay St, Kingstown, ST. VINCENT AND THE GRENADINES, VC0100
Warning – Financial Conduct Authority (United Kingdom)
Funds Safety and Regulation
Certa Invest’s website claims ownership by Raconteur Consulting LLC, located in St. Vincent and the Grenadines. However, it’s important to note that this country does not regulate the forex market, and lacks institutions that can license brokers. It is clear from local authorities that brokerage activities related to forex trading do not have a license in St. Vincent and the Grenadines. Unfortunately, this country is known for being a notorious offshore territory where many fraudulent brokers like Certa Invest choose to register their businesses, as the local regulatory authorities overlook or ignore the forex industry.
Bonuses with Excessively High Withdrawal Requirements: A Warning
While trading bonuses can be appealing, shady websites like the one we’re discussing often attach strings to them such as a minimum trade volume requirement, which can hinder your ability to make withdrawals regardless of your trading performance. Our advice when dealing with unregulated brokers is to always read the fine print, particularly regarding bonuses and promotions.
Certa Invest’s Trading Conditions
Certa Invest doesn’t reveal a lot of information regarding its trading conditions, which is a cause for concern. To find out about their offered spread, it seems that you must sign up.
On their website, Certa Invest states that they offer a leverage of 1:600, which is a high level and not recommended by experienced traders. Such high leverage inevitably comes with a high risk of loss, making it more like gambling than actual trading. It’s important to note that the leverage is restricted to 1:30 and 1:50 in the EU and the US, respectively. However, since brokers in St. Vincent and the Grenadines are not bound by regulation, it’s difficult to ensure a safe trading environment. It’s recommended to exercise caution and steer clear of such trading circumstances.
Certa Invest Review Conclusion
After conducting an in-depth analysis of Certa Invest broker, it has become apparent that the platform is neither safe nor secure for trading purposes. The absence of regulatory information indicates a lack of control and potential involvement in fraudulent activities. It is always advisable to start your trading journey with a regulated broker to ensure the safety of your funds.
If you have been a victim of a Certa Invest scam or other scams such as cryptocurrency, forex, pet, dating, or investment scams, there is no need to panic. You can file for a chargeback to recover your funds. Simply fill out a complaint form on our website for a free consultation and guidance on the fund recovery process from our experts.
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