AKRO Invest has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to ADE Group. We’ve received over 7 complaints against AKRO Invest.
We suggest working with a trustworthy broker with specialized staff, latest tech and most importantly, customer-centric trading conditions. After reviewing 1000+ brokers, we rank the following company as the best:
Key Takeaways
Is AKRO Invest Regulated? Do They Have a License?
AKRO Invest, or Akroinvest, positions itself as a cutting-edge forex broker that promises “new generation” trading. However, this website is not a licensed financial services company and is, in fact, a common scam. In this post, we will show you how to recognize such frauds and direct you to reputable investment intermediaries.
AKRO Invest lacks any of the regulatory precautions that licensed brokers provide. AKRO Invest, unlike UK-regulated brokers that offer up to £85,000 in guaranteed funds, segregated accounts, and negative balance protection, or EU brokers that give €20,000 in guaranteed funds with similar protections, does not offer any of these.
Australian brokers, while not guaranteeing guaranteed funds, do offer segregated accounts and negative balance protection. Brokers in the United States also give same protections, albeit without the assurance of cash. This comparison demonstrates the huge contrast between AKRO Invest and regulated organizations.
The most important fact about a financial services firm is its regulatory status. Licensed brokers give comprehensive information about their business, location, authorized jurisdictions, and regulatory monitoring. However, the mere appearance of such information does not ensure its correctness, necessitating extensive fact-checking.
According to their webpage, AKRO Invest is situated in Prague and operated by AKRO investiční společnost, a.s. However, the Czech National Bank’s registration warns that this website is not a licensed broker and is not permitted to provide the services advertised. The Bank of Russia has also blacklisted AKRO Invest. Furthermore, AKRO Invest’s legal documents do not include the company’s name and refer to Poland as a significant jurisdiction, showing contradictions that further reveal this deception.
If you plan to invest in financial instruments, be aware of the various fraudulent brokers available online. Always be sure the broker you hire has the required licenses. Working with a fully approved and supervised company, such as those regulated by the Cyprus Securities and Exchange Commission (CySEC) or the Financial Conduct Authority (FCA) in the United Kingdom, offers various advantages.
These include negative balance protection and money guarantees in the event that the broker goes bankrupt—up to EUR 20,000 in the EU and £85,000 in the UK. Regulations in the UK and EU strengthen investor safety and market integrity through measures such as transaction reporting and the separation of operating funds from client funds.
The lack of regulation or the presence of poor regulation is a huge red flag. It means AKRO Invest might be a scam or most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of AKRO Invest, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at AKRO Invest
AKRO Invest claims to provide the best trading software. However, after opening an account, consumers are given access to a rudimentary web trading platform with limited customization choices and sophisticated functionality. This same platform is utilized by numerous fraudulent brokers, who use rigged trading software to dupe consumers into believing their money is invested and profitable.
Legitimate brokers provide a variety of trading tools, including desktop, mobile, and web-based platforms. Industry standards such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5) offer a wide range of capabilities, including customization, multiple account support, automated trading, and backtesting techniques.
AKRO Invest requires a minimum deposit of €250, which is consistent with industry standards. However, for the same money, you could start a trading account with a reliable, regulated FX broker. Leading brands provide Micro and Cent accounts with low entry limits that are ideal for new investors.
At the time of writing, AKRO Invest’s deposit menu contained no active alternatives. The withdrawal menu includes cryptocurrency, bank transfers, and credit/debit cards. However, it is thought that AKRO Invest predominantly uses bitcoin transactions, which are not refundable. While some reputable brokers accept digital currencies such as Bitcoin, they also provide transparent payment options such as credit/debit cards, bank transfers, and popular e-wallets such as PayPal, Neteller, and Skrill.
Currency pairs, cryptocurrency CFDs, equities, indices, and commodities are all available through AKRO Invest’s trading platform. However, the trading services provided by this fraudulent broker are clearly bogus. It is in your best interest to invest only with licensed and regulated brokers.
AKRO Invest has a very low spread of 0.9 pips. However, due to the fake nature of the exchange, profitability is meaningless. Furthermore, AKRO Invest does not disclose trading criteria, raising worries regarding additional commissions.
AKRO Invest’s high leverage of 200:1 is more evidence that it is not a legitimate broker operating lawfully in the EU. High leverage provides the chance for considerable profit while simultaneously increasing the risk of excessive losses. Leading authorities limit retail traders’ leverage to 1:30 for key currency pairs, 1:20 for non-major pairs, gold, and major indices, 1:10 for other commodities and non-major indices, and 1:2 for cryptocurrencies.
To withdraw cash from an account credited with a trading bonus, AKRO Invest requires a minimum trading volume of the bonus amount plus deposit multiplied by 25. These classic scam provisions are intended to keep you from removing funds from your account.
However, it’s worth noting that many forex scams disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, shady forex brokers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
To avoid such scenarios, it’s best to work with a reliable and trusted broker.
AKRO Invest Customer Service: Do They Handle Complaints Well?
When it comes to forex brokers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, shady brokers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Shady brokers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
AKRO Invest Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Even if AKRO Invest might not be a scam, brokers like them rely on fake reviews to increase their credibility.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust the online AKRO Invest reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of AKRO Invest, chances are, you wouldn’t find many legitimate reviews.
Another prominent way brokers like AKRO Invest enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “AKRO Invest reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising AKRO Invest.
You should always look out for consumer complaints. In the case of AKRO Invest, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about AKRO Invest? You can share your complaint in the comment section or submit an anonymous tip.
Is AKRO Invest Legit Or a Scam?
AKRO Invest is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind AKRO Invest can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust AKRO Invest?
AKRO Invest is a dishonest broker with no formal registration or regulatory control. Investors should avoid this site and instead use licensed and regulated brokers to safeguard the safety and security of their money. The disadvantages vastly outweigh any alleged benefits, with bogus legal details, unregulated status, blacklisting, scam bonus terms, and unsafe leverage ratios serving as major warning signs.
All the evidence suggests that AKRO Invest might be a scam. You shouldn’t risk your funds with a broker you don’t fully trust.
That’s why we recommend working with a trusted broker. That way, you can avoid any hiccups and be certain of
Frequently Asked Questions
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How Forex Scams Work
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
