1 CommentInvestment Scams

Who is Investico?

Investico is an online trading platform, it claims to offer investment opportunities. However, upon closer inspection, several red flags emerge that indicate this may be a potential scam. In this comprehensive review, we will delve into the various scam activities associated with Investico and provide valuable insights to help you protect your investments.

💻 : Investico.com.

🚩 : Fraudulent Trading Platform.

Investico falls into the category of UNREGULATED platform. When choosing a platform, caution is warranted if the company lacks regulation by any overseeing agency. This should serve as a warning that your funds may not be secure, and there’s no protective regulatory framework. Unregulated entities can potentially abscond with your money without being held accountable.

How does the scam unfold?

Scammers employ persuasive tactics to convince you to make an initial minimum deposit. They entice with promises of doubling the deposit within 24 hours and similar claims. After obtaining the initial deposit, more experienced scammers may be brought in to extract additional funds. The cycle persists, but it is possible to put an end to it, even if you’ve fallen victim to their deceitful promises.

Is It Safe To Invest With Investico?

Dealing with an unregulated company like Investico increases the risk factor of your money. Once the money is deposited with it, it stops responding to the queries.. Therefore, we do not recommend you to invest money with Investico.

Investico

Red Flags and Scam Warning Signs

To help you identify potential scams, we have compiled a list of red flags and scam warning signs associated with Investico:

  1. False claims and unrealistic promises of high returns.
  2. Lack of transparency regarding risk warnings and hidden information.
  3. Utilization of stock images and paid actors to portray fake staff members.
  4. Illegitimate rules and policies for withdrawals.
  5. Sudden unavailability of the broker or website downtime.
  6. Changing identities and website URLs without notice.

Did that happen to you too?

🆘 Are you victim of scam? Fill the form below or Use our Chatbot and get a Free Consultation from CNC Intelligence Experts, they can assist you by investigating your case and tracing your funds. You should also contact your bank as soon as possible and let them know about your issue.

If you discover yourself in such a predicament, take the subsequent measures to recover your funds:

Maintain communication with the scammers: This step is vital, especially if you are seeking external assistance.

Promptly initiate a written withdrawal request: Act swiftly to formalize your request for fund withdrawal in writing. Be vigilant, as scammers may employ various excuses to delay the process.

Initiate a chargeback: If your payment was made through a credit or debit card, instigate a chargeback to effectively reclaim your money. This action underscores your genuine efforts to retrieve your funds.

For wire transfers: In cases where money was sent via wire transfer, issue a stern warning to the scammers about reporting them to the authorities. If necessary, follow through by composing a detailed letter to the regulatory agency in your country, outlining the fraudulent activities.

Post reviews on alternative platforms: Contribute to warning others by sharing your experience through negative reviews on various platforms. This serves as a precautionary measure to prevent others from falling victim to the same scam.

Unregulated and Suspicious Operations

One of the primary concerns with Investico is its lack of regulation by reputed authorities such as CySec, ASIC, FCA, CNMV, and others. This unregulated platform operates without the necessary regulation, raising doubts about the safety of your funds. While regulation alone does not determine a scam, it is an essential factor to consider.

Conclusion

Investico fails to provide any information about its staff on its website and promise fake returns. These deceptive practices raise significant doubts about the credibility and trustworthiness of this platform.

We hope this review was helpful and gave you the information you needed.

If you have any more questions or requests, please don’t hesitate to contact us  here.

Comments (1)

  1. Abu

    Reply

    Hello, my name is Emre, and I’m from Turkey. I would like to share my experience working as an agent for Facto Company, which owns several trading platforms, including Inefex, InvestMarkets, Investico, Big Markets, and Bull Markets. I believe it’s important for individuals from Japan, Korea, Qatar, UAE, the Philippines, Malaysia, Singapore, Switzerland, and Germany to read this carefully, as these companies often target clients from these countries.
    Company Overview
    Facto Company operates out of Istanbul, specifically in the Maslak area, within the Burgan Bank building. Although it presents itself as a legitimate business, many employees work without proper permits, and there are serious concerns regarding the legality of their operations. The company allegedly pays off certain officials to avoid scrutiny from local authorities.
    Financial Practices
    I must highlight that Facto Company is involved in questionable financial practices, including tax evasion. Bonuses for agents are paid in cash, contrary to Turkish regulations that require bank transfers, which raises concerns about the source of these funds. The company’s leadership includes individuals from Israel and Ukraine, with a floor manager known as “David,” whose real name is Tural, overseeing operations. He is responsible for training agents on how to attract clients and manage their investments.
    Client Interaction
    Agents are incentivized based on client deposits rather than profits made for clients. This means that agents may pressure clients to deposit significant amounts—often starting around $75,000. The initial calls from agents, referred to as SAMs (Sales Account Managers), often involve misleading information designed to build rapport and identify potential vulnerabilities in the client’s financial situation.
    During follow-up calls, clients are presented with enticing investment opportunities, which may create a sense of urgency or fear of missing out. The agents will often encourage clients to make additional deposits, and they may even facilitate small withdrawals to create a false sense of security. However, once clients are committed, agents may employ deceptive tactics to manipulate trades and ultimately lead to financial losses.
    What to Do If You’ve Invested
    If you have already invested in any of these platforms, I recommend taking the following steps:
    Request a Withdrawal: Log into your account and initiate a withdrawal of your balance. Be aware that agents may try to contact you to cancel this request. It’s crucial to ignore these calls; if you do not cancel your withdrawal, your funds should be returned.
    Document Your Transactions: Keep a record of any documents you signed, especially those declaring your understanding of the risks involved. This can be important if you need to dispute any losses later.
    Contact Your Bank: If you believe you have been scammed, inform your bank immediately and request an investigation to recover your funds.
    Reach Out to Regulatory Authorities: If your bank is unable to assist, contact regulatory bodies to report the situation. Persistence is key; continue to follow up with authorities until you receive a response.
    Inform Turkish Authorities: It’s vital to report your experience to Turkish authorities, as they may not be fully aware of the operations within the company. If you need assistance identifying contacts, feel free to reach out to me.
    My Motivation
    I am sharing this information not only to raise awareness but also to help others who may have been affected by these practices. After working for Facto for eight months, I experienced difficulties myself, including being dismissed after a medical emergency. I am committed to supporting anyone who has been scammed by these platforms and will do so without expecting anything in return.
    If you are considering investing, I strongly advise against engaging with companies that employ aggressive sales tactics or pressure you to deposit more funds. These practices often lead to negative outcomes.
    Thank you for taking the time to read this, and I hope it helps you make informed decisions regarding your investments

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