GreatInvest: customer reviews about broker’s work in 2023

Unique GreatInvest Review

Many cunning financial operators are identical in their methods: they promise unprecedented profits and boast huge successes over the years. Although initially such scammers may escape negative reviews, the truth always comes out sooner or later. GreatInvest is one of such extremely dishonest firms.

The company is scattering promises left and right, but condemning reviews cast doubt on its reliability. It is advisable to avoid cooperation with them, otherwise, you will instantly risk losing your investments. More details about the cunning deceit they conduct will be revealed in our independent review.

Insider Information about GreatInvest

GreatInvest assures that cooperation with them will turn your financial situation around today. Like a fairy tale, the company claims to have been working successfully for five years and has achieved impressive results:

• trade turnover – $76 million monthly,
• 1.6 million open accounts (though it is hard to believe considering the small number of reviews that have appeared relatively recently),
• 48 million transactions conducted in 2022.

An analysis of the domain registration showed that it was registered in the summer of the current year. This does not align with the broker’s claim of five years of experience. The new company has not yet had many negative reviews, but in the light of the intensive advertising campaign they are conducting, all of this is still ahead.

The official office address is indicated on the platform. According to their claims, the office is located in Australia. However, it turned out that it is simply a hotel where apartments are rented out to vacationers.

The mailing address is real, but the phone number used by GreatInvest is also present on the pages of many other dubious brokers. They cynically deceive traders, as revealed by exposé reviews.

Independent reviewers have already blacklisted the company and warned about the risks of cooperating with them.

Analysis of Legal Aspects

Scanned copies of legal documents (licenses, registration certificates) are absent from the website. However, according to the information, the shack received registration in Australia, which means it must be registered and licensed there. The local regulator ASIC has public access to the licensees’ database. GreatInvest is not among them, indicating the company’s illegal activities.

The first reviews on GreatInvest in the Russian-language Internet have appeared, indicating the company’s desire to attract traders from Russia. However, the fraudulent company violates the requirements of local regulators. Moreover, checks have shown that it has virtually no chance of obtaining a license.

On December 23, 2022, the broker was blacklisted by the Central Bank of the Russian Federation. The regulator has done everything possible to warn about the risks of dealing with this intermediary. Now it is the investors’ responsibility to remain vigilant.

Offer for Clients

The website states that GreatInvest provides a convenient opportunity to trade CFDs on currency pairs, commodities, energy sources, indices, stocks, cryptocurrencies, and metals. According to the company, they have a unique trading platform – GreatInvest Trader. Although the company praises this tool, users in reviews note that they simply lose their funds with it.

A detailed description of the tariff plans is absent, potential clients will not even learn the minimum deposit amount. The terms of cooperation remain unclear. But we were able to find out the following:

• ultra-fast order execution – 7,000 per second,
• trading 24/6,
• quality analytics and education,
• easy deposit/withdrawal of funds,
• minimal delays from data centers,
• high level of security.

User reviews indicate that GreatInvest does not comply with contract terms and deliberately leads clients into a debt trap. Con artists strive to swindle large sums from clients’ wallets.

What Others Say About This Company

GreatInvest has been operating for less than half a year, so there are virtually no reviews from real clients. This suits the pseudo-broker, as potential victims do not have the opportunity to find out the true information.

If you have ever used the services of this platform and lost money, do not stay silent. Share your experience so that other investors do not fall into the hands of scammers.

Fraud in Action

Scammers deliberately hide the truth about cooperation terms. They individually tailor their approach to each potential client and gradually persuade them into new investments. Initially, these might be small investments. Thanks to the manipulable platform, criminals can simulate profitable trades. But this is just a virtual game. No liquidity provider would want to deal with an unregulated company.

Once a client decides to withdraw their funds, GreatInvest will block access to their account. The scammers will explain this by claiming suspicious activity was detected in the account.

Summing Up

Dealing with GreatInvest is a high-risk endeavor, as the racket is solely focused on their own benefit. Their main goal is to deceive as many people as possible. Con artists understand that once the public fills the network with negative reviews, they will have to disappear, striving to maintain their own capital. However, do not assume that this scam is the final attempt by scammers to extract money from others’ pockets. They will wait for a certain time and return under a new flag.