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DWS Invest Review – This Broker Is Absolutely a Scam
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DWS Invest broker gets anonymity to the next level. The broker claims to be registered in the UK. Moreover, the broker claims to be regulated by the FCA (UK) and IFSC (Mauritius). At first glance, all looks nice and shiny. However, taking a look behind the scenes reveals many discrepancies.
Primarily, this broker has multiple entities. One of those is GlobalX Broker which has a website identical to DWS Invest. With this in mind, you know that you are not dealing with an honest broker. In addition to that, trading conditions are quite uncompetitive.
Not to mention that trading platforms can’t be accessed. Whatever you look at their website, you can see a sign why not invest here.
To find out more flaws about this broker continue reading this unbiased DWS Invest review.
|Broker Type||Unregulated scam broker|
|Spread||From 0.1 pips (allegedly)|
Are Your Investments Safe With DWS Invest?
To sum it up, no. This broker presents false information about their licensing. Not only that they don’t have regulations, but they also provide the same details for a different company. Moreover, they have earned a warning from the FCA. It’s just a matter of time before this broker will vanish and start with a rebranded company.
On the positive side, traders can determine what is a pattern with this broker. They vanish with invested money and create another brand under a different name. That’s how the DWS Invest scam broker operates.
Moreover, they don’t provide any security for their clients. Firstly, they have unrealistic trading conditions. Secondly, they are anonymous. Thirdly, and most importantly, they don’t have any regulations.
Trading Platform Overview
Surprisingly, this broker doesn’t allow access to the trading platform. Even after registration. Once you see this, your desire for trading with this broker should vanish instantly. After all, they don’t advertise any trusted trading platform like Meta Trader for instance. For a scam broker like DWS Invest nothing else can surprise us.
What this broker most likely offers is a basic web trader. In addition to that, such platforms brokers often manipulate. That way traders don’t get a realistic picture of trading. All deposits made with a such broker are lost immediately. That money goes straight into their pocket. And information presented on the platform is clearly fictive.
If you take a look at any Tier 1 regulated broker, you will see how transparent they are. That’s why we recommended licensed brokers with access to MetaTrader or cTrader.
What Account Types Does DWS Invest Offer?
On the negative side, this broker is only transparent about facts regarding deposits. With this in mind, you know at least what is their goal. Which is to extract as much as possible from you. This investment scam has 7 levels. Those are:
- Welcome on board – $250
- Beginner – $1.000
- Bronze – $5.000
- Silver – $10.000
- Gold – $25.000
- Platinum – $50.000
- VIP – $100.000
As you deposit more money, you get certain benefits. Primarily higher leverage. Afterward, the broker claims to provide protection for deposits and insurance. However, this broker is openly lying about their license. There is not a single reason, to be honest with their offers.
In addition to that, this broker offers assets from all 5 major markets. From currency pairs, commodities, indices, shares, and cryptocurrencies. Yet, all data about these assets is most likely fictive. Therefore, we would look for a more reliable broker.
Yet another mysterious thing about this broker is funding options. Most regulated brokers tend to provide transparent options. However, the DWS Invest scam broker doesn’t even offer that. That’s why traders need to do their due diligence before investing any money.
According to this scam broker website, they don’t have any deposit or withdrawal fees. Since everything on the website is questionable, we won’t trust this information either. Moreover, if you check any DWS Invest broker review you will find more reasons why not to trust anything DWS Invest broker.
We are not sure if anyone is thinking to deposit here after all. Especially after all these suspicious facts about this broker. After all, if you are investing, make sure you do it with a debit or credit card. That way you can request a chargeback if you don’t get a withdrawal. Which is most likely to happen.
How Do I Obtain a Refund if DWS Invest Defrauded Me?
Let us hear about your experience with this broker first. If the broker required you to deposit through a crypto wallet that is already an indicator that you shouldn’t do it. All regulated brokers provide transparent and trusted payment options. That’s why cards are the most secure option, where traders can get a chargeback.
In the first 540 days of a transaction, a chargeback is available. That’s why our fund recovery team is created. Don’t be ashamed to say that you are scammed. It can happen to anyone. The only thing that matters is not to let them get away with it.
Contact us now to get our professional assistance!
DWS Invest Summary
- Completely anonymous website.
- Blacklisted as a scam by the FCA.
- Openly lying about the trading license.
- Forbidden access to the trading platform.
- Non-transparent withdrawal policy.
FAQs About DWS Invest Broker
Is DWS Invest a Regulated Broker?
No. This broker was brave enough to lie openly about licenses on their website. That’s why they got a warning from the FCA.
What Is the Minimum Deposit for DWS Invest Broker?
The minimum deposit requirement is $250. It complies with industry standards. However, all funds are at extreme risk with this broker.
How Long Do DWS Invest Withdrawals Take?
According to DWS Invest reviews, withdrawals can take forever. All indicates that this broker is here just to rip you off.