Concordinvest

1. Concordinvest: How To Recover Money From Concordinvest

In recent times, we have had a lot of complaints about a fraudulent platform called Concordinvest, it has been brought to our attention that there’s a fraudulent scheme going on there with the aim to steal from investors. The IOSCO and FCA  also confirmed in their publication that Concordinvest.co is a scam platform. Just to clear any doubts, Concordinvest.co is a SCAM.

If you have been scammed and you are looking for ways to recover your money from Concordinvest, visit the The Capital Co (www.thecapitalco.net) website at www.thecapitalco.net.

Concordinvest

Investors are charged a commission by Concordinvest. They do not, however, state the precise sum. Credit cards, wire transfers, and cryptocurrency wallets are all accepted payment methods for investors. You will withdraw money using the same procedure you used to deposit.

We do not advise traders to use Concordinvest as a broker. Without a licence, the company is operating unlawfully. The fact that this offshore arrangement even exists is a regulation violation. You will realise they are bad if you pay attention to the entity.

Review of the Concordinvest Company

It appears that the platform’s creators lack sufficient trading expertise. Based on the scant material on the website, this is said. The broker also made the decision to maintain anonymity. Information about those who manage the website is lacking.

Without knowing the credentials of the people administering your account, how can you rest soundly? We have no idea how experienced they are. An organisation to be wary of is Concordinvest. The crooks might delete the website and disappear.

Make investments through trusted forex trading sites. Selecting a licenced broker is advantageous. You will have the best trading circumstances. Furthermore, the security of your information and funds is well-maintained.

Review of Concordinvest.co

The financial institution that Concordinvest utilises to separate the funds of traders is left out of its disclosures. All investment companies are required by law to ensure the security of client funds. They can accomplish this by collaborating with top-tier banks. Accounts for the clients should be kept separate from those for the business.

The organisation requires personal information from its customers. To make a deposit, you must validate your account. It’s dangerous to disclose your identification and proof of address to strangers. With such important information, you should use caution.

A recent business endeavour is called Concordinvest. They don’t have a trading history, and there is no evidence that this is a legitimate investing company. Furthermore, according to the information from whois.com, the website is not even a year old. Additionally, they have a limited time domain. The possibility of the firm leaving the market permanently is very strong.

Make careful to do extensive research before working with any organisation. You won’t have to experience the pain of interacting with known con artists. It’s also crucial to educate oneself on trading-related topics. Knowing a little about history will help you avoid con artists.

Concordinvest’s Trading Rules

The broker states that MetaTrader software is available. They did not, however, elaborate on what is present between the MT4 and MT5. On the platform, there is a link to download the latter. Unfortunately, you will discover the page is unusable when you click on the link.

Later, we discovered the organisation has web-based access. The interface lacks appealing features. Investors can’t execute trades on their own. Additionally, the platform is easily manipulated. With this simple platform, you cannot compare the appealing features of the MetaTrader.

There are four trading accounts at Concordinvest. $250 is the minimum allowed capital. There is hardly much account information. The company provides a 3 pip spread for the EURUSD currency pair. Customers will be required to pay more. Legitimate companies provide narrow margins of 1.5 or even less.

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Leverage varies between 1:20 to 1:100. This company’s terms are not suitable. Trading in excess of 1:50, as permitted by the USA/Canadian regulatory agency, can result in financial loss. On the other side, the 1:20 cap is too low and uncompetitive. The FCA permits investment plans to use a leverage ratio of 1:30.

Deposits and Withdrawals at Concordinvest.co

Investors are charged a commission by Concordinvest. They do not, however, state the precise sum. Credit cards, wire transfers, and cryptocurrency wallets are all accepted payment methods for investors. You will withdraw money using the same procedure you used to deposit.

This medical business is requesting deposits from investors. If you don’t withdraw more than $1,000 USD, you must pay a 1% fee. A real platform will never charge you in such a way. There are no withdrawal costs, according to the legal paperwork, but this is another falsehood.

In accordance with the deposit and withdrawal policy, you should anticipate withdrawal fees. The organisation still doesn’t specify the precise cost, though. You must execute trade volume equal to 25 times the bonus amount plus the deposit if you accept the bonus. Given that a deposit of more than $1,000 is seen as a bonus, it can be challenging to determine whether you have accepted the deposit or not.

These rich prospects are not created by offshore businesses for the advantage of investors. Their primary goal is to prevent customers from recovering their money. Getting to their trade condition is challenging. As a result, you’ll just give up and the website will keep your money.

Contact information for customer service

A platform called Concordinvest is based on SVG. Investor communication will not be maintained by customer service. There is no way to get in touch with them via phone or email. Offshore platforms frequently employ this strategy to avoid being discovered.

Some people may have a phone number, but if you call to ask where your money is, they won’t pick up. They will put you on their blacklist. It is useless to write them a message because the scam will ignore your email.

Status of Concordinvest’s Regulation

The parent firm of Concordinvest is Dulcet Group LLC. Saint Vincent and the Grenadines is where the company is headquartered. The area is notorious for housing shady businesses. This nation’s financial regulator issued a warning stating that it does not regulate the functioning of online investment schemes.

Concordinvest

This hasn’t stopped dubious organisations from opening offices in the nation. Brokers from the region don’t give anyone their daily transactional reports. Therefore, they may simply control the price without being prosecuted. Furthermore, there is no assurance that investments are made in secret.

When Concordinvest declares bankruptcy, traders won’t receive compensation. This is so since the organisation is not a part of any compensation programme. Traders cannot benefit from protection against negative account balances. Consequently, individuals can wind up losing more cash than they initially put in.

Ironically, the platform asserts that any disputes must be resolved by a court in Poland. The name of this mysterious company is not listed in the Polish financial body’s database. The broker has also received a warning from BaFin for collecting payments from German citizens without obtaining a licence.

When you conduct business with a licenced company, you will experience peace of mind. Always put your own safety first. Regulated businesses can withstand market turbulence. They collaborate with experts as well.

Reviews from clients

It can appear like Concordinvest is a legitimate investing site. However, the dearth of customer endorsements does not present a favourable picture of them. The amount of visitors to the website is similarly modest. It’s a good thing that no one is curious about what this shady company is doing.

Review of Concordinvest.co and its features

Make sure you seek customer reviews to learn how a firm handles its customers. Additionally, you’ll be able to tell if a broker fulfils withdrawal requests on time. Avoid transacting with questionable platforms.

Final Conclusion

You should not put your trust in Concordinvest. The organisation is a total waste of time. Their withdrawal policies and trading circumstances are abhorrent. With the broker, you won’t generate passive money.

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To recover your money from Concordinvest, consult the asset recovery experts at The Capital Co (www.thecapitalco.net), with an excellent record in fund recovery, your case won’t be an exception. Contact The Capital Co (www.thecapitalco.net) now.

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