Read our Inceptial review to see if we recommend this broker for trading. Just to clear doubts, this is an inceptial.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 Inceptial 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 Inceptial 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.
Inceptial Review Conclusions
Making the Inceptial 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 Inceptial 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.
My brief experience of registering with Inceptial for investing in Crypto is different and far worse than this review suggests. To all new and inexperienced investors, I would caution against dealing with this brokerage.
I have been forwarding Inceptial, especcially its Account Managers, with a lot of concerns but such concerns were not satisfactorily responded to.
My account was closed in November and I lost US$1,796.83 during the System Migration season.
Why was my account closed? Reasons:
(1) Account Manager’s negligence. She disappeared during the days of system migration. She stopped her daily coachings on trading with me. She did never answered my emails sent to her one after the other. I was totally confused and extremely worried as to what to do.
(2) Poor communication management by Inceptial Support Team. They were not at all mindful on my being a novice in the trading environment. They might have sent me delayed emails alerting me on the precariousness of my trading account but the language of the emai is beyond my comprehension. The language was too technical beyond my understanding and nobody, yes, not a single account manager could be around to salvage my account from the dangerous situation I was cornered in at that time.
(3) Insensitive account staff from Financial and Billing Departments of Inceptial. Why am I saying it so? I scavenged every available email address these people used to contact me previously and send a couple of emails to each one of them but these emails landed on deaf ears. Nobody ever responded.
(4) Irresponsible service providers assigned on the “My Ticket” menu – monitoring service requests and tracking complaints or concerns from traders. Why irresponsible? Of the total 27 tickets I have forwarded to Inceptial, not a single ticket was closed. This means that this facility of the trading platform is a fraud.
(5) Inceptial proposed to resuscitate my account. I conceded. At this moment, this account is at a very precarious situation and is nearing its closure, similar to the above-mentioned account closure. This has brought me to the worse misfortune ever I encountered all these years. I am presently buried in debt because of Inceptial.
My mobile number: +639177997446
Had invested US$ 250 after reading that Mr. Nandan Nilikeni (Infosys) is associated with the Company (that was a big validation). Registered and got a call from Himanshu who immediately opened a FOREX trade….one trade was open and other was closed (one trade is still open as on date 10.3.22). after few days i stopped receiving call from Himanshu and no reply to emails too…..after a month some Mr. Syed called and shared his email…he called and to told that Himanshu is critically ill and admitted to hospital and now he is my new senior investment analyst. his 1st call came from a Karnataka registered no and the second call came from UK. Syed told me that he is born in India but brought up in Turkey (total lie).. He showed me rosey trades on Crude and asked me to invest more upto US$ 6000….luckily all my funds are invested…i asked him to close the Forex trade which is open but he didnt agree for it…..i told him to call next day as i told him that i can sell few stocks and invest in the Crude trades…(by evening i was not comfortable with the phone no etc,,,,,and checked for reviews on the net….to my shock it was the same story with so many people…where the so called investment manager has forced people to invest more and more and they have lost their money…..when i asked him to close the trade he was very rude and hung on the phone on me……….i also read on my sites that withdrawing money is a big task and only if you are lucky you may get your money……….my humble request……please stay away,,,,,,o
I had opened an account account with Inceptial, but I withdrew my funds. I just got a call from one of the Inceptial’s account managers. I clearly told him, that I am not interested in trading anymore. At the end of call, he used the words like “Fuck You”, “Go to Hell”. And all the while, I was being polite. Is this what Inceptial all about?
THEINVESTOR MANAGERS OPENES THE TRADES,WHICH LEADS TO HETFTY SWAP FEES,
WHICH IS THEIR EARNINGS.I TRADED UNDER 2MANAGERS NAMED: MEHNOOR IRFAN N P.SAYED .N MADE LOSS OF USD32000/- BY TEIR MISGUIDANCE,AS I HAVE NO KNOWLEDGE ABOUT THE TRADES.
ALL THE POSITIVE REPOTS POSTED ABOUT COMAPNY ARE FAKE N POSTED BY COMAPANY ITSELF AS PAID CUSTOMER REVEIW.as they are not refunding me usd16000.as they promised me to return half swap fees as bonus.
DONT WASTE YOUR HARD EARNED MONEY WITH INVESINVESTIG WITH INCEPTIIAL.
Inceptial is a total scammmmm………
They are giving ads of AI trading bots but there is nothing automatic about it. Jono armstrong is the one who is giving the you tube ads on this saying it’s AI. Please do not get fooled.
The account manager which was irfan in my case called me every day to tell me to open trades. He gave me the trades without stop loss. And even after i told him that i am done for the day, he would ask me multiple time with some bullshit reasons to take trade which ultimately resulted in blown account.
And the worst part is, he does not do any type of analysis (technical or fundamental), he made me open the trade on speculation or according to “investing.com”.
I will say to stay far far away from this……………………………….
I read the on a news and thought it could only be true if even the journalist said he gained money. I now realise I was not cautious enough. AND they had my documents!!! What should I do??