Overview of FAST INVEST LTD Review:
With the internet becoming a catalyst for scammers to prey on their victims with the benefit of anonymity, people have to stay extremely cautious to stay out of the traps of these cyber criminals. Now we know, all of you must be thinking about whether the internet and the online finance market have become a dangerous threat to society. The answer to this is – NO, well there is a threat caused by scammers but these are avoidable with the help of a few tips.
There are only two reasons behind you reading this FAST INVEST LTD scam review. Either you have been scammed by this company or you are looking forward to investing but you heard about this FAST INVEST LTD scam. While signing up for an account with a trading platform, the customers invest all of their money and faith in the brokerage firm. Therefore, a trader needs to conduct thorough research before signing up with a brokerage firm.
FAST INVEST LTD Website – http://fastinvest.com/
Website Availability – No
Address shown – Harjumaa, Tallinn linn, Tornimäe tn 5, 10145, Estonia
Warned By – Commissione Nazionale per le Società e la Borsa (Italy)
Domain Age of FAST INVEST LTD
|February 17, 2005
|18 years, 11 months, 15 days, 11 hours, 1 minute, 52 seconds
With the help of our group of experienced traders and research specialists at ReportScam, we have done complete research about FAST INVEST LTD. Not only have we helped various victims of the FAST INVEST LTD scam by providing them with a viable solution to get their money back, but also have prevented many of our readers from investing in FAST INVEST LTD. Read on to learn how the FAST INVEST LTD scam works and how can you avoid it.
About FAST INVEST LTD Scam:
As there are various problematic issues about FAST INVEST LTD, in this review we will be visiting each of the problems that this scam broker can pose. Some of the major things that you should check for while looking forward to investing in a brokerage firm are that
the company must have a license issued by a regulator,
the company must offer a lower rate of leverage and spread,
the company must adhere to the rules of the regulator under which they are operating, etc.
Some of the red flags that FAST INVEST LTD can have:
FAST INVEST LTD Regulation and Possession of License:
Most of countries appoint a regulatory body that looks after the safety of their citizens from broker scams. Such regulatory bodies conduct a series of tests that every brokerage firm operating in their country has to go through. Based on these tests, these brokerage firms are then issued a license by the regulators which gives them the legal permission to operate in that country.
The reason why we emphasize the brokerage firms having a license is that the license bounds the company with certain rules in the interest of the trader such as a very low or nil minimum initial deposit, and low leverage thereby reducing the chance of the trader losing, a compensation scheme in case of a dispute or a huge loss, etc. If your broker does not have a license, it is almost equivalent to you giving your hard-earned money to a robber.
To possess a license, these scam brokers go to any heights. The main example of this case is when the scam brokers register for a license in an offshore zone. The places that come under the offshore zone category do not have a regulatory body to supervise the brokerage firms that are registered there. Therefore, it is as easy for a scam broker to register for a license in an offshore zone as it is to make an omelet for your breakfast. Therefore, if FAST INVEST LTD does not possess a valid license issued by any of the major regulators, it is clear that the company is a scam.
Initial Deposit, Spreads, and Leverages offered by FAST INVEST LTD
When it comes to a brokerage firm demanding a Minimum initial Deposit, we can plant one red flag against the scam brokers. The regulators of all the countries do not allow legitimate brokerage firms to ask for a minimum initial deposit. The initial deposit asked by the scam brokers ranges from $100 to $500.
Spreads and Leverage are yet another trick of these scam brokers to get all the money of innocent traders. Higher leverage and spreads, although tempting, do more harm than good. When the leverage and spread increase, the risk on the money invested by the trader increases. This in turn increases the risk of the trader winning or losing with the probability of losing is more. To avoid this, various countries put a limit on the leverage that can be offered.
The leverage is capped at 1:30 in Europe and Australia whereas it is capped at 1:50 in the USA. To check whether the brokerage firm is offering very high leverage and spread, one must compare it with a legitimate brokerage firm’s offers. If FAST INVEST LTD is offering a high-leverage ad spread or is demanding a high minimum initial deposit, then this is the second red flag that leads us closer to the FAST INVEST LTD scam.
FAST INVEST LTD customer support and whereabouts:
The reason why scam brokers steer away from putting up the details of the founders or the contact information is to avoid getting caught by any of the authorities. Therefore, even if you try to contact these scam brokers with the numbers given on their fake websites, the higher probability is that there will be some error or issue.
Regulators demand the brokerage firms that come under them to provide all of their details including the details of the Board of Directors on their website to establish transparency between the customers and the companies. Henceforth, if FAST INVEST LTD does not reveal the members or provide a contact number, it is a scam.
FASTINVEST, a financial platform, has garnered numerous negative reviews on prominent review sites like Trustpilot and Sitejabber. Complaints range from prolonged waiting periods for withdrawals to concerns about the website’s legitimacy. Users report difficulties accessing their funds, indicating potential issues with the platform’s operational transparency and efficiency.
Many reviewers express frustration over the perceived lack of responsiveness from FASTINVEST’s customer support, exacerbating doubts about the company’s reliability. Such widespread dissatisfaction raises red flags regarding the platform’s trustworthiness and ability to fulfill its financial obligations to investors.
These negative reviews collectively suggest underlying problems within FASTINVEST’s operational framework, prompting caution among potential investors. While some reviews may be subjective, the consistency of complaints regarding withdrawal delays and unresponsive customer service indicates systemic issues that merit scrutiny.
What to do if scammed by FAST INVEST LTD scam broker?
Now that you have reached almost the end of this review, it is pretty clear that spotting a scam broker is easier said than done. Thousands of people get scammed every day and this is where we come to help. If you have been a victim of the FAST INVEST LTD scam, file a complaint with us at the earliest.
Our team of experts will look into the case and get back to you with the best viable solution to retrieve your funds. Till then, read our reviews on other types of scams such as Binary Options Trading scams, Forex Trading Scams, Romance scams, Cryptocurrency Scams etc. You can also read Scam Brokers’ discussions in our Forum and add comments there.
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Note: The FAST INVEST LTD review written above is influenced by the other FAST INVEST LTD reviews already present on the web. We are not liable for any legal action from the FAST INVEST LTD company. In case of any query please mail us at email@example.com.Trust Report Scam! as we have experience!