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Caution Investors Investfundsonline.com – This entity is likely to be offering financial services to Australian consumers. It does not hold an Australian financial services license or Australian credit license from ASIC and is not authorized by a licensee.
Overview of investfundsonline.com:
Investfundsonline.com is a website that claims to offer online investment services such as forex trading, stocks, commodities, indices, cryptocurrencies, and CFDs. The website states that it has over 10 years of experience in the financial markets and that it provides a user-friendly platform, competitive spreads, fast execution, and professional support. The website also claims that it has won several awards and recognitions from various organizations and media outlets.
However, there is no evidence to verify any of these claims, and the website does not provide any information about the company behind investfundsonline.com, such as its name, address, registration number, or legal status. The website also does not disclose any details about its trading conditions, fees, commissions, leverage, margin requirements, or withdrawal policies. The website only provides a contact form and an email address as the means of communication with the entity.
Regulation and Compliance of investfundsonline.com:
According to the Australian Securities and Investments Commission (ASIC), investfundsonline.com is likely to be offering financial services to Australian consumers without holding an Australian financial services license or Australian credit license from ASIC, and without being authorized by a licensee. This means that investfundsonline.com is operating illegally in Australia, and may be involved in fraudulent or scam activities.
ASIC warns that consumers should avoid dealing with entities that are not licensed or authorized by ASIC or other reputable regulators, as they are not subject to any regulatory oversight or consumer protection laws. Consumers who deal with such entities may lose their money or personal information, or become victims of identity theft or other crimes.
Customer Reviews of investfundsonline.com:
A quick search on the internet reveals that there are many negative reviews and complaints about investfundsonline.com from customers who claim that they have been scammed by this entity. Some of the common issues reported by customers include:
– Difficulty in withdrawing funds or closing accounts
– Unauthorised charges or deductions from bank accounts or credit cards
– Aggressive or misleading marketing tactics
– False or exaggerated promises of profits or returns
– Manipulation of trading results or account balances
– Harassment or threats from customer service representatives
– Lack of response or support from the entity
Products and Services Offered By investfundsonline.com:
As mentioned earlier, investfundsonline.com claims to offer online investment services such as forex trading, stocks, commodities, indices, cryptocurrencies, and CFDs. However, there is no way to verify the quality or legitimacy of these products and services, as the website does not provide any information about the trading platform, instruments, specifications, features, or tools that it offers. The website also does not provide any educational resources, market analysis, news updates, or trading signals that could help customers make informed trading decisions.
Moreover, there is a high risk that the products and services offered by investfundsonline.com are not compliant with the laws and regulations of Australia or other jurisdictions where it operates. For example, the website may be offering high leverage or margin trading that is prohibited or restricted in some countries. The website may also be offering unregulated or illegal products such as binary options or digital tokens that are banned or subject to strict rules in some countries.
Location of investfundsonline.com:
The location of investfundsonline.com is unknown, as the website does not provide any information about the company behind it or its physical address. The website only provides a contact form and an email address as the means of communication with the entity. The domain name of the website uses a privacy protection service that hides the registrant’s identity and contact details.
This raises several red flags about the credibility and transparency of investfundsonline.com. A legitimate and reputable online investment service provider would normally disclose its company name,
address, registration number, legal status, and regulatory authority on its website. A privacy protection service may be used by fraudulent entities to conceal their identity and location from potential victims.
Customer Service Provided By investfundsonline.com:
The customer service provided by investfundsonline.com is poor and unprofessional, according to many customer reviews and complaints. Customers report that they have experienced various problems when trying to contact or communicate with the entity via email or phone. Some of the common issues reported by customers include:
– No response or delayed response from the entity
– Unhelpful or rude customer service representatives
– Inability to resolve issues or complaints
– Refusal to process withdrawal requests or close accounts
– Pressure or coercion to deposit more money or trade more
– Threats or intimidation to prevent customers from reporting or exposing the entity
Defensive Measures Against Fraudulent Brokers:
Consumers who are interested in online investment services should be aware of the risks and dangers of dealing with fraudulent or unlicensed entities such as investfundsonline.com. Consumers should take the following defensive measures to protect themselves from such entities:
– Check the ASIC website or other reputable regulators’ websites to verify if the entity is licensed or authorized to offer financial services in Australia or other countries where it operates
– Check the entity’s website and domain name to see if it provides clear and accurate information about its company, location, products, services, fees, and policies
– Check the internet and social media for customer reviews, feedback, ratings, testimonials, or complaints about the entity
– Avoid entities that use aggressive or misleading marketing tactics, such as cold calls, spam emails, pop-up ads, or unsolicited offers
– Avoid entities that make false or exaggerated promises of profits or returns, such as guaranteed income, high leverage, low risk, or free bonuses
– Avoid entities that ask for personal or financial information, such as bank account details, credit card numbers, passwords, or identification documents
– Avoid entities that ask for money upfront, such as registration fees, taxes, commissions, or charges
– Avoid entities that do not allow customers to withdraw funds or close accounts easily or without penalties
– Report any suspicious or fraudulent activities to ASIC or other relevant authorities
Investfundsonline.com is a website that claims to offer online investment services to Australian consumers. However, ASIC warns that this entity is not licensed or authorized by any regulator, and may be involved in fraudulent activities. Consumers should avoid dealing with investfundsonline.com and take defensive measures against fraudulent brokers. Consumers who have already dealt with investfundsonline.com should contact ASIC or other relevant authorities for assistance.