Thinking of getting into business with Brooks Invest? Here is what you must know about this broker. Carefully read this review to find out if brooksinvest.com is the trading platform you will want to trade with.
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About Brooks Invest Broker
Brooks Invest is an offshore brokerage company with a lot of offers that are too good to be true. It claims to offer 8% profit daily.
Brook Invest claims to be licensed by Vanualu. Well, its license claim is false as it has been labeled scam by regulators like Spanish CNMV.
While Brooks Invest broker is not a legit trading platform, it is important traders don’t cross path with this broker.
brooksinvest.com: Reasons to Avoid This Broker
brooksinvest.com is a platform with no financial authority overseeing its financial services. What that means is that any money deposit is at risk. We can’t stop pointing the importance of regulation especially when you are dealing with an offshore broker like this one.
Another red flag we noticed in brooksinvest.com is that there is no free account for traders. If we can’t test the services of Brooks Invest on a demo account, how then can we know its viability in the market.
brooksinvest.com is a clear scam that the Spanish financial regulator has labeled it so. This is a big warning for traders to avoid this broker.
Withdrawal and Deposit
Withdrawal process
We could not find any information concerning the withdrawal and fee Brooks Invest charges. This is just a way to reap traders’ money and even frustrate them when they make any withdrawal request.
Minimum Deposit
Brooks Invest minimum deposit is indicated $50. Even though this broker presents a small deposit, that does not make it legit for traders. Any broker can likely do the same.
The payment methods of Brooks Invest is only on Crypto Currency. Making any payment with this broker is a risk already not to mention the payment option provided by this broker. It is very impossible to trace payment made through Crypto Currency that is why scam brokers make use of it.
So, beware!
Brooks Invest Platform
Brooks Invest operates as a Web Trader. It does not make use of industry standard which are MT4 or MT5. This, legit brokers are known for using any of the industry platform.
We could not find the account types Brooks Invest offers to traders. Also, this broker does not state what are its leverage and spreads.
In spite the claims Brooks Invest broker presents, we cannot find a free account for traders to test the platform before considering a deposit on the platform. Just to be sure, a demo account should be provided.
Brooks Invest Licensing and Regulations
From our findings, Brooks Invest broker is not a licensed brokerage firm. It is not under any financial regulation which means your money is at risk with this broker. Regulators like Spanish CNMV and others don’t grant license to an offshore broker like this one.
In fact, a scam alert is labeled on Brooks Invest because its financial services are shady and must be avoided.
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Conclusion: Is brooksinvest.com a Legit Broker?
No, brooksinvest.com is not a legit broker for traders and because of that, traders are advised to stay away from such broker or else they will be scammed.
The warning is on the wall already for traders to avoid crossing path with this broker.
The many red flags place on brooksinvest.com is a turn off and therefore we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.