Warning 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.
Introduction To investfundsonline.com:
Investfundsonline.com is a website that claims to offer online trading and investment services in various financial markets, such as forex, stocks, commodities, indices, and cryptocurrencies. The website states that it provides access to a user-friendly platform, competitive spreads, fast execution, and professional customer support. However, the website does not disclose any information about the company behind investfundsonline.com, its location, registration, or regulation.
Regulation and Compliance Of investfundsonline.com:
According to the Australian Securities and Investments Commission (ASIC), investfundsonline.com is an unlicensed entity that is likely to be offering financial services to Australian consumers. ASIC warns that this entity does not hold an Australian financial services licence or Australian credit licence from ASIC, and is not authorised by a licensee. This means that investfundsonline.com is operating illegally and may not comply with the Australian laws and regulations that protect consumers from fraud, unfair practices, and misconduct. ASIC advises consumers to avoid dealing with unlicensed entities and to check the ASIC registers before engaging with any financial service provider.
Customer Support Offered by investfundsonline.com:
The website of investfundsonline.com provides a contact form, an email address, and a phone number for customer support. However, these contact details may not be reliable or responsive, as unlicensed entities often use fake or misleading information to deceive consumers. Moreover, unlicensed entities may not have a dispute resolution mechanism or a compensation scheme in case of any complaints or losses. Therefore, consumers who deal with investfundsonline.com may not receive adequate or timely assistance or redress if they encounter any problems or issues.
Customer Reviews Of investfundsonline.com:
A quick online search reveals that there are many negative reviews and complaints about investfundsonline.com from customers who claim to have been scammed by this entity. Some of the common issues reported by customers include difficulty in withdrawing funds, aggressive sales tactics, unauthorized charges, false promises, and poor communication. Some customers also allege that investfundsonline.com is associated with other scam websites that operate under different names but use the same platform and methods. These reviews and complaints indicate that investfundsonline.com is not a trustworthy or reputable service provider and may be involved in fraudulent activities.
Measures to Avoid Fraud Brokerages:
To protect themselves from fraud brokerages like investfundsonline.com, consumers should follow some basic measures, such as:
– Do your research: Before engaging with any financial service provider, do some background checks on their identity, location, registration, and regulation. You can use the ASIC registers or other reputable sources to verify their licence status and history. You can also search for online reviews and feedback from other customers to learn about their reputation and performance.
– Be wary of unsolicited offers: If you receive any unsolicited calls, emails, or messages from a financial service provider that you have not contacted or registered with, be cautious and do not provide any personal or financial information. These could be phishing attempts or cold calls from scammers who want to lure you into their schemes.
– Read the terms and conditions: Before signing up for any service or product, read the terms and conditions carefully and understand what you are agreeing to. Look for any hidden fees, charges, clauses, or limitations that may affect your rights or obligations. If you have any doubts or questions, ask for clarification or seek independent advice.
– Do not rush or feel pressured: Scammers often use high-pressure tactics to persuade you to act quickly or make impulsive decisions. They may offer you unrealistic returns, bonuses, discounts, or guarantees that sound too good to be true. They may also threaten you with penalties, fines, or legal actions if you do not comply with their demands. Do not fall for these tricks and take your time to think things through before making any commitments.
– Report any suspicious activity: If you suspect that you have been contacted by a fraud brokerage or have been a victim of a scam, report it to ASIC or other relevant authorities as soon as possible. You can also warn others by sharing your experience online or through social media.
Investfundsonline.com is an unlicensed entity that is likely to be offering financial services to Australian consumers without holding an Australian licence or being authorised by a licensee. This means that investfundsonline.com is operating illegally and may not comply with the Australian laws and regulations that protect consumers from fraud, unfair practices, and misconduct. ASIC warns consumers to avoid dealing with unlicensed entities like investfundsonline.com and to check the ASIC registers before engaging with any financial service provider. Consumers should also follow some basic measures to protect themselves from fraud brokerages and to report any suspicious activity to ASIC or other relevant authorities.