Kaiser Invest Trade makes an effort to project the image of a reputable and well-established forex broker. However, a simple fact check reveals that the story is actually very different. This website is anonymous and is not authorized by law to provide financial services. Kaiser Invest Trade seems to be just another fraud, and we have every reason to think so. Now that you’ve made the decision to trade on the financial markets, let’s examine why you shouldn’t trust the Kaiser Invest Trade with your money and what more reliable options you have.
A genuine financial services provider will have clear and comprehensive information about who owns and runs it, where it’s headquartered, and what licenses it holds on its website. Reputable brokers also give you access to a full suite of legal documents. The mere fact that such material is available does not ensure that it is accurate or deceptive. However, the lack of these components strongly suggests that you are probably working with con artists.
This purported broker does not give information on the company that owns it, regulatory license details, Terms & Conditions, Client Agreements, or other legally enforceable documents.
Undoubtedly, the UK contact address provided on the website is untrue. We find a notice that Kaiser Invest Trade is not authorized to provide financial services and products after looking through the financial regulator’s register in that jurisdiction.
HOW THIS BROKER WORKS
You can use some of the reputable brokers that genuinely run their businesses out of well-known financial hubs like the UK if you wish to trade on financial markets without falling victim to fraud. The Financial Conduct Authority has strict guidelines regarding the financial soundness and operational transparency that these brokers must adhere to (FCA). In the event that the broker becomes insolvent, they are required to offer clients protection against negative balances and to contribute. Additionally, these brokers must maintain separate bank accounts with the monies of their clients and their own operating funds.
Despite not being a legitimate broker, Kaiser Invest Trade offers an online trading platform. Rigged trading software is used by fake brokers to trick their victims into believing their money is actually being invested. However, this deal is a complete scam.
A large range of trading software, including desktop, mobile, and web-based platforms, is provided to customers by reputable brokers. In the industry, MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are the most used platforms. These platforms have become the industry standard due to the extensive features they provide, such as multiple account usage, a plethora of customization choices, the ability to build and deploy bespoke scripts for automated trading, and the ability to backtest trade methods.
Based on past experiences, it has been observed that fraudulent brokers frequently promote traditional payment methods while actually encouraging their potential victims to do bitcoin transactions. This not only ensures their identity but also takes away the victim’s ability to seek a chargeback or refund.
Reputable brokers usually provide their customers with a large selection of clear payment options, such as bank transfers, credit/debit cards, and well-known e-wallets like PayPal, Skrill, or Neteller.
The trading platform offered by Kaiser Invest Trade covers indices, commodities, equities, cryptocurrencies, and currencies. The FCA forbids trading in cryptocurrency futures, which is more proof that Kaiser Invest Trade is not the regulated UK broker it claims to be. Ultimately, though, this is a fake trade.
HOW TO GET YOUR MONEY BACK
Recovering money from scammers can be challenging, but here are some steps you can take:
Gather Evidence: Collect all relevant documents, emails, receipts, and any communication with the scammer.
Contact Your Bank or Credit Card Company: If you paid using a credit card or bank transfer, report the scam to your financial institution. They may be able to reverse the transaction or provide guidance on next steps.
File a Complaint: Report the scam to relevant authorities such as the Federal Trade Commission (FTC), or your local law enforcement agency.
Notify the Platform: If the scam occurred on a specific platform (e.g., social media, online marketplace), report it to the platform’s support or abuse team.
Seek Legal Advice: Consider consulting with a lawyer who specializes in fraud or consumer protection to explore legal options.
Remember, prevention is key. Be cautious when sharing personal or financial information online and always verify the legitimacy of offers or requests before proceeding.
Be Wary of Recovery Scams: Avoid falling for secondary scams promising to recover your lost funds. These are often scams themselves.