Al Salam Investments: customer stories about cooperation. Reliable choice or risky offer?
Reviews about the brokerage company Al Salam Investments are absent on the Internet, despite claims of over 10 years of experience and a huge client base. Let’s analyze what this financial organization represents and whether it is worth trusting. Let’s consider the availability of necessary legal documents, trading conditions, and other important aspects to consider when choosing a financial intermediary.
Assessment of the salaminv.com resource
Al Salam Investments prides itself on its achievements. The company claims to be created by traders for traders and provides global access to markets. According to the founders, an award-winning platform is used for trading, which is user-friendly even for beginners. Among the key broker indicators are:
- 12+ integrated liquidity providers,
- 12,000 orders per second,
- Average trade execution time – 3.12 ms,
- Daily trading volume – $545 million.
The lack of reviews confirming the broker’s claims casts doubt on the accuracy of the information. Checking the domain history revealed that the claims of 10 years of experience in financial markets are not true, as the website was launched in 2020.
According to WikiFX Score data, the site has a small number of visitors, and the owner conceals personal data for an additional fee. There are no reviews about Al Salam Investments on the most popular forums. The resource rating is low.
The insufficient informational and visual components of the site clearly indicate its level. The platform offers weak information representation, as well as a lack of multilingual support.
Company Information
Al Salam Investments claims to originate from Jordan. The site lists two office addresses, but they turned out to be false and cannot be found on Google maps.
A similar situation applies to phone numbers and email. Contacting them is pointless, as interaction with this company is one-sided.
Regarding the registration and licensing, Al Salam Investments claims that the Jordan Securities Commission is their regulator. There is even a screenshot of the document on the site.
However, subsequent verification revealed that this document was simply fabricated in Photoshop. It is a fake document intended to mislead newcomers. Such a company is not listed in the local regulator’s database.
Russian traders considering cooperation with this company should remember that dealing centers and forex brokers must comply with the requirements of the Forex Law 460-FZ for legal operation in Russia. And one of the key conditions is obtaining permission from the Central Bank of Russia, which, predictably, Al Salam Investments does not have.
However, there is a risk that Roskomnadzor has not yet blocked the site of this pseudo-broker, and anyone could become its victim by not paying enough attention.
Commercial Proposal
The undercover broker Al Salam Investments promises to educate beginners and offers a demo account for risk-free practice. However, considering the company’s lack of legal grounds for operation, it can be concluded that all this is just bait to attract to real investments. Internal documents on the platform are only available in Arabic and cannot be copied or translated as copying is blocked by scammers.
As trading instruments, the pseudo-broker offers basic Forex currencies, spot metals, and CFDs. There are several tariff plans with such characteristics:
- Initial deposit – from $50 to $50,000,
- Trading platform – MT5,
- Minimum spreads – from zero,
- Low lot commissions,
- Minimum position volume – 0.01.
The lack of reviews confirming the possibility of making a profit from this platform indicates the unreliability of the company’s offers.
User Experience
Currently, there is no information about this company on the Internet, reviews have not yet appeared. However, it is worth remembering that the situation can change at any time. As long as the fraudulent platform Al Salam Investments operates, there is a risk of becoming a victim of fraud and losing funds.
Fraud Methods in Al Salam Investments
Al Salam Investments uses the absence of reviews and feedback from real clients. Scammers quickly attract newcomers and promote their services. They promise to teach trading, provide the opportunity to practice, and then lead to investments.
Users register on the platform without familiarizing themselves with the rules. In fact, investors sign their own sentence and lose their rights. The pseudo-broker can unilaterally terminate the agreement and appropriate the user’s funds at any time. At the same time, the investor will be accused of fraud and breach of contract.
Conclusion
Al Salam Investments is ruthless towards its clients. Financial scammers seek to maximize their gains from others’ pockets. Obviously, this company engages in fraud, even without reviews from former clients. The fraudsters lack the necessary legal documents, which excludes the possibility of entering the real market. They merely stage a theatrical performance with trading, simulating transactions. Once the investor stops following their lead, the scammers lose interest and will terminate the agreement without discussion. Unanswered calls and emails will remain as the contact information is fake.
Overall, the reviews from former clients of Al Salam Investments are mixed. Some clients praise the company for their professionalism, transparency, and successful investment opportunities, while others express concerns about the lack of communication, delays in payments, and questionable business practices. It is important to carefully consider these reviews and conduct thorough research before deciding whether to trust Al Salam Investments with your investments.