Invest Point is a cloud mining company that claims to offer high-profitability mining contracts. However, there are a number of red flags that suggest that Invest Point is a scam.
Company Overview
Team
Invest Point does not disclose the names of its team members or their qualifications. This is a major red flag, as legitimate companies should be transparent about who is running them.
Services or Products
Invest Point offers cloud mining contracts, which allow users to rent mining power without having to purchase their own hardware. However, the company does not provide any information about the mining facilities it uses or the hash rate that its contracts offer.
License and Regulations
License Status
Invest Point is not licensed by any financial regulator. This means that it is not subject to any oversight or regulation, which makes it more likely to engage in fraudulent activity.
Regulation Status
Invest Point is not registered with any financial regulator. This means that it is not allowed to operate in many jurisdictions.
Why Dealing With An Unlicensed Broker Is Risky?
There are a number of reasons why it is risky to deal with an unlicensed broker. First, unlicensed brokers are not subject to any oversight or regulation, which means that they aremore likely to engage in fraudulent activity. Second, unlicensed brokers may not have the financial resources to cover their clients’ losses in the event of bankruptcy. Third, unlicensed brokers may not be able to provide their clients with the necessary customer support.
Legal Warning Against Invest Point
The Financial Conduct Authority (FCA), the UK’s financial regulator, has issued a legal warning against Invest Point. The FCA warns that Invest Point is not authorized to provide financial services in the UK and that it is likely to be a scam.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Client Feedback
There are a number of negative reviews about Invest Point online. Investors have complained about the company’s high fees, lack of transparency, and unresponsive customer service.
One investor said that they lost $10,000 after investing with Invest Point. The investor said that the company refused to pay their withdrawal request and that they were unable to get in touch with customer service.
Another investor said that they were scammed by Invest Point after they were promised high returns on investment. The investor said that they never received any profits from the company and that they were unable to withdraw their money.
Feedback About Their Trading
Users have complained that Invest Point’s trading platform is buggy and unreliable. They have also said that the company’s prices are much higher than the market price.
Feedback About Their Customer Service
Users have complained that Invest Point’s customer service is unresponsive and unhelpful. They have also said that the company’s representatives are often rude and aggressive.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have been scammed by Invest Point or another fraudulent company, Reviewsadvice can help you get your money back. We have a team of experts who can help you file a complaint with the appropriate authorities and recover your losses. Also, we will provide you with some professional guidance and recovery service recommendations to help you recover the lost funds.
Final Thought
Invest Point is a scam. The company is not licensed or regulated, and there are a number of negative reviews about it online. If you are considering investing with Invest Point, I urge you to reconsider. There are many legitimate cloud mining companies that offer better returns and lower risks.
If you think you have been scammed by a cloud mining company, contact Reviews Advice immediately. We can help you get your money back.
