Investico Review – Is Investing in Investico.com Safe?
Investico review reveals plenty of red flags, which raises alarms for any serious investor about the legitimacy of this broker. While its website ranks highest in providing unquestionable trading services, the facts speak for themselves. Introduced itself as a multi-asset broker providing forex, commodities, indices, etc., but it is not regulatory compliant. This makes it impossible for any credible financial platform.
About Investico
Company Name – Faraz Financial Services (PTY) Limited
Website – https://www.investico.com/
Address – Unit 9, 31 First Avenue East, Parktown North, Johannesburg, Gauteng, 2193.
Regulatory Warning – Not Recommended By Review Website Like Scams Report
Domain Blacklisted Status – It seems there is no direct mention of this domain being on a blacklist.
Regulation and Licensing Issues
Cloned FSCA License
Most concerning of all, it is claimed that Investico is regulated by the FSCA of South Africa under license number 45518. The license, however, apparently has been cloned, which means it is probably forged by a legitimate broker. Such actions affect the credibility of the broker and denote potential scam activity.
No Verified Regulation
It has been confirmed that Investico now has no legitimate regulatory status. This absence of regulation puts traders at great risk, as no regulator is guaranteeing the broker is running fairly or within the law.
Technical and Support Concerns
No Trading Software
The website fails to confirm the presence of an actual trading platform. While it claims to provide a state-of-the-art system, there is no evidence of functional trading software, which is a significant red flag.
Poor Communication
- No contact information is listed—no email or phone support.
- Users find it challenging to obtain assistance because there is no customer support.
Online Reputation
Low Ratings and Negative Reviews
- WikiFX Score: 1.31/10 (marked “Danger”)
- Trustpilot Rating: 3.7 (Average) with mostly negative feedback
- Trustscore: Just 1/100
- Several Reddit threads warn others about investing on this platform.
Final Thoughts
The Investico review undoubtedly indicates that this broker might be a scam. From cloned licenses to no trading software and unsatisfactory customer support, Investico does nothing to gain our trust. Interested investors are strictly advised to perform proper research and steer clear of platforms without checked regulations. Guard your money by trading with brokers that are clear, licensed, and well-recommended only.
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About Scams Report
Scams Report is a trusted fraud reporting and fund recovery assistance company dedicated to helping victims of financial scams. It provides expert guidance, chargeback support, and legal assistance to recover lost funds. Additionally, its blog educates users by exposing fraudulent brokers and investment scams, ensuring safer financial decisions for traders worldwide.
All newly invented fraudulent schemes to fool new traders are constantly monitored by us on the Internet. For over a decade, we have been collecting scam-related data, so we do believe in knowing every UNFAIR company operating in the market. Therefore, we have gathered the information regarding the scammers from the List of SCAM Brokers for you.
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Disclaimer: This review is based on online reports and customer complaints. Always research carefully before investing with any broker.
