Introduction to Ingoinvest Review:
Scam brokers are dangerous. Even though the financial market can be rewarding, the consequence of falling into such a trap might even end with you falling into a debt trap. If you are here with the question of whether Ingoinvest is a scam or not, do not worry, this detailed review on Ingoinvest will solve all our queries. Ingoinvest claims to be a decent broker that helps their customer with investing. However, this does not seem to be the case, read on to know more.
About Ingoinvest:
Is Ingoinvest regulated by any of the regulations?
In their about us section, Ingoinvest claims to be located in the Marshall Islands. This is certainly not a thing to claim so proudly as the Marshall Islands is known as the hub of scam brokers as it is an offshore zone. As it has already been mentioned about the company being located in an offshore zone, it is pretty clear that Ingoinvest does not have a license from any of the regulations around the world. This makes Ingoinvest a risky company as, without the supervision of regulation, your funds are not safe with any company.
What trading platform does Ingoinvest offer?
It was surprising to find out that Ingoinvest offers Meta Trader 4 or MT4 as their trading platform. However, the fact that the company is unregulated still makes it risky for the traders. This is the reason why we are raising yet another red flag as they might not hesitate from pulling any kinds of tricks despite offering one of the best trading platforms available in the market.
What is the minimum deposit demanded by Ingoinvest?
Minimum deposit, just as the name suggests, is demanded in very small amounts such as $5 or $10. In such cases where all the legitimate brokerage firms ask for small amounts as minimum deposits, if a brokerage firm is asking for a huge minimum deposit, you must know that it is a scam. Ingoinvest demands a minimum deposit of $600. This is a major red flag as 600 dollars is surely not a small amount.
What is the leverage offered by Ingoinvest?
Leverages are directly associated with the risk the trader faces. Due to such cases, leverages are often offered in a very low amount. Ingoinvest offers leverage of 1:300 which is as much as 10 times greater than the normal leverage offered by the legitimate brokerage firms. This raises yet another red flag against Ingoinvest in this Ingoinvest review as it clearly wants its customers to lose the trades.
Conclusion: Is Ingoinvest a scam or legit?
To sum up, all that has been stated above, we leave the decision of deciding whether Ingoinvest is a scam or not upon you. However, we are warning you in advance that Ingoinvest is a potential scam and request you to be extremely cautious if proceeding with an investment with Ingoinvest. If you have been scammed by Ingoinvest or any other scam brokerage firm, file the complaint with us and we will provide the best solutions for fund recovery.
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