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GreatInvest

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Operating status: SCAM

Website: https://greatinvest.net/

Broker violations and abnormal records
  • 2022-11-16 The UK FCA Warns that GreatInvest is a Clone Firm

    On 17 Nov 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that GreatInvest was a clone firm. The fraudster was using the details of firms UK FCA authorise to try to convince people that it works for a genuine, authorised firm. You may visit: https://www.fca.org.uk/news/warnings/greatinvest-clone-fca-authorised-firm

    On 17 Nov 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that GreatInvest was a clone firm. The fraudster was using the details of firms UK FCA authorise to try to convince people that it works for a genuine, authorised firm. You may visit: https://www.fca.org.uk/news/warnings/greatinvest-clone-fca-authorised-firm
  • 2022-11-17 BrokersView has Reviewed that GreatInvest is an Unregulated Forex Broker

    GreatInvest claims that it started the business since 2016. However, we found its domain was created in 2022. How could it start the business before this year? It is a red flag.

    According to its website, the broker has an office in Australia. So we searched Australian Securities & Investment Commission (ASIC) but found no matching results. That means the broker is not authorized by ASIC to provide financial services in Australia. 

    Moreover, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that GreatInvest was a clone firm. The fraudster was using the details of firms UK FCA authorise to try to convince people that it works for a genuine, authorised firm.

    The truth is that GreatInvest is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

    GreatInvest claims that it started the business since 2016. However, we found its domain was created in 2022. How could it start the business before this year? It is a red flag.According to its website, the broker has an office in Australia. So we searched Australian Securities & Investment Commission (ASIC) but found no matching results. That means the broker is not authorized by ASIC to provide financial services in Australia. Moreover, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that GreatInvest was a clone firm. The fraudster was using the details of firms UK FCA authorise to try to convince people that it works for a genuine, authorised firm.The truth is that GreatInvest is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
  • 2022-12-22 The France AMF Added GreatInvest into Its Warnings

    On 23 Dec 2022, the France Autorité des Marchés Financiers (AMF) issued a warning that GreatInvest was not authorized to provide forex services in France. You may visit: https://www.amf-france.org/en/warnings/blacklists?page=0&key=greatinvest.net&conditions%5Bcategorie%5D=224

    On 23 Dec 2022, the France Autorité des Marchés Financiers (AMF) issued a warning that GreatInvest was not authorized to provide forex services in France. You may visit: https://www.amf-france.org/en/warnings/blacklists?page=0&key=greatinvest.net&conditions%5Bcategorie%5D=224

Related Complaints

Q&A

Is GreatInvest reliable?

vimma india
Jamaica
2023-01-09
ANSWER GreatInvest is not a regulated or licensed broker for traders even though it states offers that look good to be true. GreatInvest claims that it started the business since 2016. However, we found its domain was created in 2022. How could it start the business before this year? It is a red flag.According to its website, the broker claims has an office in Australia. So we searched Australian Securities & Investment Commission (ASIC) but found no matching results. That means the broker is not authorized by ASIC to provide financial services in Australia. Moreover, both the United Kingdom Financial Conduct Authority (FCA) and the France Financial Authority (AMF) issued warnings against GreatInvest for being an unauthorized clone firm. You can check full warnings from FCA an AMF.The truth is, GreatInvest is not overseen by any regulators. But this broker currently has not received any warnings from any regulators. We would recommend traders stay away from unregulated brokers like GreatInvest and trade with licensed brokers.
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