Read our Ingoinvest review to see why we do NOT recommend this broker for trading. Just to clear doubts, this is an ingoinvest.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 Ingoinvest 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 Ingoinvest 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.
Ingoinvest Review Conclusions
Making the Ingoinvest 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 Ingoinvest 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.
Dear defrauded Investors, Dear https://www.personal-reviews.com,
I provide a complaint about the fraudulent activity of the broker Ingoinvest, Rapid Develop Group Ltd, on your website.
I trade on MetaTrider 4 platform through the broker Ingoinvest (Rapid Develop Group Ltd, registration number 106659, which is located in Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands, MH 96960).
I made several deposits and withdrawals of money through an account thru platform Binance to the MetaTrider 4 platform for the broker Ingoinvest (Rapid Development Group Ltd.) to the my trading account on their platform.
At the beginning of trading on the MetaTrider 4 platform through the broker Ingoinvest (Rapid Develop Group Ltd), two withdrawals and deposits of small funds were made.
After verifying that deposits and withdrawals are valid, I deposited a total almost 40 000 USD on the MetaTrider 4 platform through the broker Ingoinvest (Rapid Develop Group Ltd) and a profit is more then 170 000 US dollars. Currently, free margin on MetaTrider 4 through the broker Ingoinvest (Rapid Develop Group Ltd) is about 100 000 USD.
I made several attempts to withdraw funds from the broker Ingoinvest (Rapid Develop Group Ltd) to the Binance platform, but the broker Ingoinvest (Rapid Develop Group Ltd) does not allow me to do this, does not allow me to withdraw funds for my several requests. Broker Ingoinvest (Rapid Develop Group Ltd) does not allow me to withdraw not only the earned profit, but also does not allow me to withdraw my invested amount almost of 40 000 USD. I can provide you a print of screenshots of my withdrawal requests and letters received by email from broker Ingoinvest (Rapid Develop Group Ltd) confirming receipt of requests for withdrawal of funds from my account with broker Ingoinvest (Rapid Develop Group Ltd) and letters from this broker refusing to withdraw funds belonging to me.
Broker Ingoinvest (Rapid Develop Group Ltd) behaves very rudely, makes me trade on the MetaTrade4 platform in the amount of more then 60% of my funds in my account on their platform.also makes me invest more and more funds. The last requirement of the broker Ingoinvest (Rapid Develop Group Ltd) is the requirement to pay imaginary tax on the excess profit that I received during the NFT, which exceeds 120% of the amount invested. Broker Ingoinvest (Rapid Develop Group Ltd) claims that the tax is more then 5% of the profit. Broker Ingoinvest (Rapid Develop Group Ltd) claims that I am not entitled to withdraw funds from my account on the Broker Broker Rapid Develop Group Ltd until I pay the alleged tax. I can provide you the letters from this broker with the requirement to pay the above tax.
According to the information I have, there is no such tax on excess profits obtained from trading in the financial market. Individuals must pay all taxes in the country of their residence.
After evaluating the behavior of Broker Ingoinvest (Rapid Develop Group Ltd), I got the impression that this broker is a fraud and is extorting more and more money from me, including the payment of non-existent tax.
I ask you to assist me in withdrawing funds from my account from the broker Ingoinvest (Rapid Develop Group Ltd).
I also ask you to pay attention to the fraudulent actions of the broker Ingoinvest (Rapid Develop Group Ltd) and limit its ability to conduct its fraudulent activities .
Hello Arnold this is Carl Jaffer with MFN Claims LTD. I would like to look into your case a bit more. Please contact me via email on [email protected]. I look forward to hearing from you
dzien dobry moja sprawa bardzo podobna do pana Arnolda tylko ze ja wplacilam 68 000 euro na moim koncie na MT4 JEST 1700000 USD i pare razy wystawiałam wnisek o wypłte i co nastepuje odmowa z jakis błachych powodów brak kontaku z twoim opiekunem skontaktuj sie ze swoim doracca finansowym rece mi opadaja pisałam wszedzie az została moja sprawa zarejestroeana w BIURZE RZECZNIKA FINANSOWEGO powiadomieniem ze moj wniosek został przyjety i zarejestrowany w banku swoim nie za wiele mogłam zrobić bo wysyłałam przelewy na konto Binace gdzie zmieniłam hasło i mam tam wszystko kiedy robiłam przelewy i pieniadzie szły do banku w Wielkiej Brytani i do jakiego banku mam skriny z platformy mam rownież wszystko na telefonie cała platforme i wpłaty bo na komputerze skasowali moje konta po prostu zamkneli nawet teraz to juz i emeili nie odbieraja przychodzia zwrotne takich osób nie ma i firmy też mam nagrania rozmów telefonicznych jakie prowadziłąm z panem doradcą ma dużo dowodów na to gdzie i z kim miałam kontakt tylko teraz mnie wymazali zabrali wszystkie moje oszczednosci i nie mam nic ZGŁOSIŁAM SPRAWE NA POLICJIE co moge jeszcze zrobić chyba isc sie tylko powiesić bo ci ludzie odebrali mi wszystko chciałam pomóc swoim dzieciom zostałam z niczym
This is by far one of the most terrible experience I have had trading with such a platform. I would spare you the embarrassing details as you have probably experienced something similar from them. They just keep trying to get you to put more in and they never let you take any out. I was fortunate to come across backfund24.com , with his professional assistance I was made whole once again. If you’re still in bed, then get out before it’s too late.
Hello, I also invested. my first $250 to Bitcoin Turned into $339US. With in a couple of days I received a phone call from Harold Kalla and he said he was the middle man for Bitcoin and he will be my personal account manager and set me up with Rapid development. The next day i opened this rapid development and my $250 was gone. I got my daughter to check into this and found my money went to the marshall islands (bye bye 339$or what ever the exchange rate) Then i got a call from Harold Kalla and i asked where depost went and he said i pressed the X and closed it off. I did not because i didn’t touch anything and he asked me to go on any desk so i did. So we pulled up the chart and he showed me where you close off a trade and said i closed it by accident. I told he was a liar because i did not touch anything. He the said he would give me a credit of $2000 and he made some trades and in day or two i was up more than double and then my account went lower by $2000 Harold grab his credit and i didn’t see him do it but i was stiil up. Harold called me and we made more trades and then i was up to $1200 in a few days.we made a few more trades and it went to $1800. then he said millionares week is coming up and made some more trades. It went to $8000.00 and the Harold to double my averages or % and buy 3 trades. I told him i did not want to go to fast with this. He then said i could buy a car or other things. But all this time I was having an issue with wallet and ID He set me up with an account at coinsmart but i could not withdraw because of ID. I dont have a drivers permit or passport.
I went to service ontario got a photo and in the mean time I was told by Harold to not worry about ID and make more trades. We raised % and got the margins good and while waiting for ID. All the trades this guy told me to make(buy/sell) my account went to -10.000! I was
in trouble By the time i got my ID coinsmart locked me out and I was -10.000. Harold told me That to not worry about the ID and he said If i could come up with some more cash (deposit) He would match it. I thought about it and got an etransfer for 5000 and Harold said we need to find another middle man and went through simply technologies. I was so stupid for doing this. While still waiting for my ID we traded some more. Harold said if i could come up with 10.000 he would match it out of his own pocket (red flag scam) I went to my bank and tried to take an etransfer of 10.000 my bank gave it to me but by the time i got home my bank froze my accounts and canceled the etransfer. I got a call from the fraud squad and every thing was frozen. fraud squad had susspition and asked me if i was dealing with Crypto. I contacted Harold and he said to borrow from someone/now i think i owe this
ingoinvest and my $5000 deposit and Harold was gone. I went back to look at my rapid development platform and it was frozen like a picture. After a few days i got a call from someone else from ingoinvest saying they are my new account manager and if i put more money in he would get me back to a profit (this is turning into a book) I told this guy to go F#^*%#C yourself. Again i went to coinsmart and was told i violated the Policy and i can’t and never will have an account with coinsmart. My $5000 is gone and funny thing simply technologies is part of coinsmart and someone has my money. I receive a call from shakepay support saying that i have a refund thru bitcoin of 38.000 yeah bull they said sign in to my account. I did and they wanted ID to varify me and i just got my ID card. I took a selfie of what they wanted and shakepay said they could not read the card. and turned it down. shakepay locked ne out and said i violated Policy and am no longer able to have an accout with them. So i guess i’m stupid for letting this happen. Has anyone heard of this refund.
Sorry to go on so much but there is more and leave it as is and take the loss// CRYPTO goodbye. BAD INGOINVEST these guys should be tied up and tied to a post and everyone gets a wack at them with a one iron. ALL THE BEST