Broker Name- Renaissance Invest Ltd
Broker Website – https://www.renaissanceinvestltd.net/
Address of the broker – NA
Broker Company – Renaissance Invest Ltd
Broker Regulation – None
Warned by- Commissione Nazionale per le Società e la Borsa
If you are an internet-based trader, this question additionally runs inside your head regarding whether your broker is legitimate or a scam. There are blended surveys of the forex scam, cryptocurrency scams, and other scams that make a dealer befuddle. But, before you make any conclusion, check this scam brokers 2022 list to understand why non-legitimate brokers are unreliable for trading.
Read Renaissance Invest Ltd Review to know if this broker is legitimate or a scam.
Renaissance Invest Ltd is an offshore broker which is not regulated by any reputed regulation authority in its region. The broker may operate in many countries without the regulation required by the reputed regulation authority in its country like CySec, ASIC, FCA, CNMV etc. But regulation can’t be the only reason for calling this broker as a scam. Many Complaints and negative Renaissance Invest Ltd reviews and other possible scam features can also be the reason. Your funds may not be safe if you are trading with this broker.
Possible scam activities of scam broker Renaissance Invest Ltd
Here are some of the possible reasons why we have flagged Renaissance Invest Ltd as a scam broker in this Renaissance Invest Ltd review.
- The broker may have made a number of false claims through its website.
- The rules and regulations, Bonus and Withdrawal policies are not legitimate and they are made for defrauding traders.
- The Renaissance Invest Ltd makes continuous calls to the traders and urge them to invest higher and higher amounts.
- The broker promises return which are too good to be true.
- The risk warnings may not be disclosed on their webpage or that would be hidden.
- The broker may be located in the countries or small islands where there is no proper regulation and registering a company is very easy. Usually, these countries are haven for the scam brokers.
- Renaissance Invest Ltd provides you good chances of making profits and when you decide to withdraw your money, they will state their illegitimate rules of withdrawals and ultimately you are not able to make withdrawal.
- Broker remains operational for some time and suddenly you are not able to contact the broker or the website seems down. The broker also changes name and website URL without any notice to existing traders.
Negative Renaissance Invest Ltd Reviews and Complaints
Renaissance Invest Ltd has got many negative reviews and traders who traded with this broker have raised many complaints against it. ReportScam has investigated a lot about this broker and based on the negative reviews, complaints and other scam features, we have listed Renaissance Invest Ltd in the list of scam brokers 2021.
Is Renaissance Invest Ltd scam or legit broker?
ReportScam does not recommend traders to trade with Renaissance Invest Ltd scam broker and your funds may not be safe with this broker and Renaissance Invest Ltd review is negative. Instead look for regulated and reputed brokers who can really help in growing your investments.
Read Latest News on Quora