Read our Investingstate review to see why we do NOT recommend this broker for trading. Just to clear doubts, this is an investingstate.com review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Investingstate is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
| Regulatory Body | Status |
|---|---|
| FCA (UK) | No record of authorization |
| ASIC (AU) | No record |
| CySEC (EU) | No record |
| SEC / CFTC (US) | No record |
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Investingstate in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.
Investingstate Review Conclusions
Making the Investingstate review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Investingstate review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
They will not release the fund, and they refused to send you any documents by emails
They want to contact you over the phone only. In this case won’t be any document supported the conversation
They want you the send them tax money up front in cash but not deduct from the fund that you have with any documents to support it . Once you send the money out, you will never it it back
This is a big scam. Right at the beginning they said you can withdraw the fund that you invested in no problem and if you wish to leave the fund that you made to continue trading, but when you withdraw the fund that you invested in the refused to release the fund and keep delaying it
The tax that you have to pay is the capital gains and the commission but you do not withdraw the fund that you gain, they still won’t release your money
fraud!! Scam!!
They will not release the fund, and they refused to send you any documents by emails
They want to contact you over the phone only. In this case won’t be any document supported the conversation
They want you the send them tax money up front in cash but not deduct from the fund that you have with NO documents to support it . Once you send the money out, you will never it it back
This is a big scam. Right at the beginning they said you can withdraw the fund that you invested in no problem and if you wish to leave the fund that you made to continue trading, but when you withdraw the fund that you invested in the refused to release the fund and keep delaying it
The tax that you have to pay is the capital gains and the commission but you do not withdraw the fund that you gain
Bottom line is they will not send any documents and declined the withdrawal
You will not get your money back
INVESTINGSTATE.COM IS A SCAMMER. STAY AWAY
ANY DESK Software
When you open the account they ask you to download ANY DESK software to install on your computer so they can remotely access your computer
They also want you to install any Desk on your cell so they can access your cell
After trading for about a week, you gain some money which is about $700 then they will show you how to do the withdraw about $100. Which is the trap. they access our computer and show you how to use shake pay to withdraw then they will ask you to sign in to your bank account. I said you are on my computer you can see all the banking information, he said no, from his end is black to the banking page he can not see anything at all. This is a lie after I used the ANY DESK from my phone to gain access to my computer. Yes, you can see everything including the banking information. I changed my banking password right away
They will steal your information by using this software to access your computer
Shake pay
They also want you to use (Shakepay if you are in Canada) to transfer your money. The way Shakepay works is when you receive the money in your Shake pay account then they will buy Bitcoin and right after transfer to your trading account that you open with them. In this way, it is a lot harder to trace how your money was transferred. Instead of transfer directly from your bank account to your trading account. INVESTINGSTATE.COM will not provide any information or document to you at all. This is why they want you to transfer the money from your bank account to your Shake pay account. There no paper trails to make the investigation a lot harder to track how the money was transferred to them. Unless Shake pay provides they security code ( investingstate account # with Shakepay )
When you want to withdraw your money from the account, the investingstate.com account manager disappeared
There will be a different person contact you over the phone asking you to send him the commission + Tax by cash upfront before he releases the fund that you want to withdraw. he will not send you any document for this, will not send any document by email or by postal mail but he wants to access your computer to drop off the document, at this point, it is very dangerous because he might be the hacker to install spyware on your computer, I refused to give him access but requested him to send me the document before I sign or do anything with it. He said this is the company policy that if you want to withdraw any money you have to pay upfront but not deducts it from the account. THIS IS ALSO A LIE because when they tried to access your banking information they sent you $100 without any problem. now he’s telling you the company policy that you have to send more money to them before you can withdraw the money that you invested in the trading account. THE MOMENT YOU SEND MORE MONEY YOU WILL NEVER GET YOUR MONEY BACK. then you see the withdrawal request was declined
In the beginning, they promised you everything was easy and you can withdraw your money at any time, but when you want to withdraw your money they will not approve it. means you will never get your money back
They steal your personal information, banking information and lie, lie lie. NO DOCUMENT SUPPORT ANYTHING FROM THEM AND WILL NOT GIVE YOUR MONEY BACK, WILL DECLINE YOUR REQUEST