Read our InvestingXN review to see why we do NOT recommend this broker for trading. Just to clear doubts, this is an investingxn.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 InvestingXN 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.
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 InvestingXN 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.
InvestingXN Review Conclusions
Making the InvestingXN 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 InvestingXN 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].
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
Do not trust this company, they are a SCAM!! They will lure you in with promise of quick gains in no time. It all starts with a $250 investment. After doing this an ‘investment advisor’ will call you explaining that you must deposit the money through investingxn, at first… After this he will get you set-up on an app called Binance where you need to be verified by adding personal and banking information. They will then ask you every two-three days to add more money to the account so that you can really see them work. As soon as they get you to transfer your money from Binance to investingxn you have no more control over what happens to your money. At first the investing strategy that they devised with you will look great as you see your money grow. This doesn’t matter because when you want to withdraw your money they will either try to convince you (bully you) into second guessing yourself or ignore you for weeks over Whatsapp or through email. And here’s the cherry on top. They always use different untraceable private numbers to call you, so after they ask you to pay the 30% withdrawal charge they will duck and run and you have no way of contacting them. In their app, you are pretty much helpless as you don’t have any way of withdrawing your money without their approval. From here they will slowly burn your money on bad investments. I mean why not, they made $960 on their expensive 30% withdrawal fee (which fyi, they don’t tell you about until you want to withdraw) so i’m sure they couldn’t be happier seeing your money go. I was gullible and over trusting and in turn saw my initial investment of $2150 turn into $3200 and then plummet down to $0. If time is money then I can’t even tell you how many hundreds of dollars I lost trying to straighten this whole mess of a situation out.
Feel free to share and spread this message on social media. I would love nothing more than to see this boat sink.
I also got sucked in with the minimum $310. U.S. investment. Getting control of this account was very complicated. The $310. Did not really grow very fast, and they wanted me to add $2,000. To this amount to get in on the best new opportunities. I asked about withdrawing the $310 plus the $80 gain in 60 days. I then got the run around about fees and expenses and after a week I found the total final amount is 00. This was definitely a total ripoff. The ads look good. No honesty. Otto
My name is Ed — I invested 1700:00 can in this company and what happened to Kalen Huxham exactly happened to me ! THIS I A SCAM !!