Read our Comovest review to see if we recommend this broker for trading. Just to clear doubts, this is a comovest.com review.
Is Comovest Legit?
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 infamous for scamming schemes.
So, Comovest is just another unregulated forex broker, which means the customers aren’t 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 the scam work?
Usually, unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit. And they will try 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, they transfer clients to a smarter scammer, called a “retention agent”, who will try to get more money out of you. Also, one thing we need to add here is: don’t trust the good Comovest reviews you might see online. They pay websites and services to improve their online reputation by posting good reviews about them.
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 doesn’t 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 Comovest?
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 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 they deceived you into depositing money for a non-regulated trading company. Mention also that 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 [email protected] but don’t let your broker know they you read this article or that you are contacting 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 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 where you live, you can search google to find the regulatory agency for Forex brokers in your country. After that you can prepare a letter or an email describing how they deceived you. 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 don’t know where to start, reach us at [email protected] and we’ll help you with this step as well.
Make sure you leave Comovest reviews in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites. See what other sites have posted reviews about Comovest, 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, mention it in the comment or let us know about it. That would be really appreciated by us by our users. Also, if you get phone calls from other companies, please put the name of these companies also in the comment. Or you can send them to us and we will expose them too.
Comovest Review Conclusions
Making the Comovest review was our pleasure, and we hope to save as many people 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 Comovest 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.
I gave comovest 2500€ i cannot get it back they are big time scammers keep asking for more more money wont give it back i got 600 back but cannot get the rest
(1/5)
This is a total scam!!! They scam from Bucharest and from Israel the main office. All the names are called stage names and are fake. You will never get your money back. The adress is Grigore alexandrescu 59 in Bucharest Romania. They scam clients from europe and Canada.
(1/5)
Not happy with their support system and account managers, tried to withdraw my funds but no decisive answer. I would like if possible to be contacted by one of you that managed to het their money back, pls
(3/5)
Comovest is total scam, they manipulate you and tell you lies to make you deposit as much as you can. I’ve invested £3700 I’ve been promised profits and when I started asking to withdraw they kept me waiting. PLEASE DON’T GET INVOLVED WITH THEM
(1/5)
Total scam I’ve lost £3,650.17 trying to get it back but nothing at moment
Bank and solicitor won’t help too
(1/5)
Its a scam, be aware!!!
Company very helpful to open an account, and big promises on profit, but as soon you want to withdraw your money this will not happen. Money will be transferred through an education company Admirria.
You will be contacted by “our account manager” and told to pay a withdrawal fee of 500 dollar. Rud conversation if you don*t pay. Advice to contact your bank and the legal body in your country to regain your money.
Hallo, wilde een ieder inlichten over de oplichterspraktijken van EX. Comovest.com. Deze website is inmiddels gesloten en de viezeriken werken nu onder de naam NextonBid.com.
Trap ook hier niet in het zijn schurken die zoals al omschreven in eerdere reviews een ieder geld uit zijn zaak proberen te kloppen.
Ik heb $700 van hun tegoed maar ze weigeren een terugbetaling te doen.
Omdat ik niet meer op Comovest.com meer kan inloggen heb ik geprobeerd mezelf aan te melden op Nextonbid.com aan te melden, maar het systeem zegt dan dat ik al klant ben.
Ga het nog wel even onder een fake naam proberen en kom dan terug met mijn ervaringen.
Maar hoe dan ook DOE GEEN OVERBOEKINGEN AAN DEZE VIEZERIKEN!!