WikiFX Scam Alert: CONSOB Warns Against Sureinvest!!!

Investors who are still trading forex at Sureinvest had better quit trading ASAP!!! Investors who have been deceived by this broker please contact WikiFX to help you recover your funds!!!

First of all, let us start with the most important - the Italian financial regulator CONSOB has issued an official warning on October 24th against Sureinvest, and has blacklisted this specific website. You may check the screenshot below:

“Consob draws investors attention to the importance of adopting the greatest diligence in order to make informed investment choices, adopting common sense behaviors, essential to safeguard their savings: these include, for websites that offer financial services, checking in advance that the operator with whom they are investing is authorized, and, for offers of financial products, that a prospectus has been published”, the warning reads.

WikiFX also paid a visit to the broker‘s official website to learn more. Sureinvest is a broker based in scammers’ favorite location for setting up companies – namely, St. Vincent and the Grenadines, presumably owned and operated by a company called JDP Group LLC. The financial regulator of this country, SVGFSA, does not monitor the activities of forex brokers at all and only deals with the banking sector. This means that there are no specific requirements for forex brokers and no specific laws to be followed. Moreover, offshore companies are not obligated to report transactions which enables all sorts of financial fraud such as tax evasion and money laundering.

Sureinvest promises access to a web-based trading platform. The problem was that WikiFX was not provided with the opportunity to try that platform out. The reason for that is that while registering our trading account we were asked to verify our e-mail, and when we were about to do that, we were warned by Gmail about a cyber security risk ahead. “Be careful with this message. Gmail could not verify that it actually came from sureinvest.org. Avoid clicking links, downloading attachments, or replying with personal information”, the Gmail warning read.

Without an account, WikiFX cannot say with complete certainty which payment methods this broker supports. WikiFX saw the logos of a few popular payment solutions on the website - VISA, Mastercard, Skrill, Neteller, WebMoney, QIWI Wallet and Bitcoins. However, there is absolutely no guarantee that Sureinvest has not just chosen a few random logos to put on the website. Such scammers often urge their clients to deposit in crypto because such payments are irreversible – it is very likely that it turns out that Bitcoin is the only actual option. If this is the case, be extra cautious – depositing with the broker would mean that you would not be able to ask for chargebacks.

Furthermore, Sureinvest seems to offer bonuses – but the moment your account has been credited with such, all funds generated on account of the bonus money will be considered non-deposited funds and would not be available for withdrawal. However, no one can say which funds were the result of the bonus and which of your own investment – this is just a trick scammers use in order to prevent you from withdrawing. Moreover, if you do not reach a certain trading volume requirement Sureinvest has not specified, the bonus will be removed by the broker- along with all profits it has supposedly resulted in.

You will often find that such turnover requirements are impossible to reach – and might even grow with time. Such scammers tend to change their Terms and Conditions without warning to keep you away from your money for as long as possible – including from your own profits and deposits.

Now let's search “Sureinvest” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.

As you can see, based on information given on WikiFX, Sureinvest currently has no valid regulatory license and the score is rather negative - only 0.99/10! WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

Investors are advised to search relevant information on WikiFX APP about the broker you are inclined to trade with before finally deciding whether to make investment or not. Compared with official financial regulators which might lag behind, WikiFX is better at monitoring risks related to certain brokers - the WikiFX compliance and audit team gives a quantitative assessment of the level of broker regulatory through regulatory grading standards, regulatory actual values, regulatory utility models, and regulatory abnormality prediction models. If investors use WikiFX APP before investing in any broker, you will be more likely to avoid unnecessary trouble and thus be prevented from losing money! The importance of being cautious and prudent can never be stressed enough.

In a nutshell, it's not wise to invest in Sureinvest. This company has been blacklisted by a respected EU regulator and is based in St. Vincent and the Grenadines – a country notorious for the huge number of scam brokers that have registered companies. Moreover, the broker offers shady bonuses and does not seem to accept new clients at the present moment. You cannot make a worse investment choice – turn to a legitimate, licensed broker instead!

WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing. You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed.