Review of Conventus Group Company
Conventus Group positions itself as the best CFD broker in Europe, CIS, and Asia, but reviews about the company indicate client deception. The website conventusgroup.com presents fake statistics, including 260,000 clients, 6.5 million daily operations, over 120 available assets, as well as 4 years of market presence and a daily trading volume exceeding $100 million.
However, the reality differs from this presentation. The review shows that the company only began its operations recently, in May 2020, and all reviews about it are negative. The domain name was registered in 2011, but this does not guarantee the company’s honesty. Additionally, Conventus Group is associated with other fraudulent projects, such as AvexCapital, FxAmo, and CnvCapital.
Detailed Information about Conventus Group
The website conventusgroup.com contains false information about the number of clients, trading operations, and overall trading volume. These data do not reflect reality, indicating the company’s lack of integrity.
- 260,000 satisfied clients;
- 6.5 million daily trading operations;
- over 120 available trading assets;
- 4 years on the market;
- daily trading volume exceeding $100 million.
Existing reviews testify to the fraudulent nature of these claims. Furthermore, the physical office of Conventus Group listed on the site turned out to be the financial institution Scotiabank, confirming the inaccuracy of the company’s provided information.
Regulation and Licensing
Conventus Group claims to operate under the control of CYSEC and IFSC and is also registered in the Virgin Islands. However, this does not align with reality, as the territory is not under the jurisdiction of CYSEC and IFSC. The broker’s activities should be supervised by FSC.
Registration Process at Conventus Group
The registration procedure on conventusgroup.com involves filling out a simple form with name, password, email address, phone number, and promo code. This streamlined action was devised by scammers to lower the vigilance of potential clients.
- name and surname;
- password;
- email address;
- phone number with international code;
- promo code.
Trading Conditions Overview
Conventus Group sets the entry threshold at $500 and offers 3 types of trading accounts (Mini, Standard, PRO). However, traders point out trade manipulations and the absence of a licensed platform, indicating fraudulent activity.
- Mini – initial deposit $500;
- Standard – minimum top-up $1,000, leverage 1:500;
- PRO – requires a minimum of $10,000 to open.
Withdrawal of Funds
Conventus Group offers fund deposit and withdrawal through bank transfer, e-wallets, and bank cards. The lack of detailed information on payment systems highlights the company’s unreliability.
Client Reviews
Users leave negative reviews about Conventus Group, citing deception and failure to fulfill the company’s obligations.
Fraud Schemes
Conventus Group employs various fraudulent schemes, targeting unsuspecting clients through social networks and phone databases. Victims face hurdles in fund withdrawal, are required to pay fake commissions and taxes, leading to financial losses.
Review Summary
Conventus Group is a fraudulent company whose aim is to deceive clients and profit from their trust. It is not recommended to engage with this organization to avoid financial losses.
