ES Invests has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Dracomi. We’ve received over 6 complaints against ES Invests.
ES Invests lacks transparency and regulation, which raises significant red flags. They operate without disclosing firm information or licensing, utilize high leverage, require large minimum deposits, and enforce stringent withdrawal requirements. Multiple regulatory warnings and suspicious activities point to a potential swindle. Investors should avoid ES Invests and instead use registered brokers such as CySEC or FCA for safer investing.
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Key Takeaways
Is ES Invests Regulated? Do They Have a License?
Navigating the world of online trading platforms may be difficult, and ES Invests highlights many of the traps that investors should avoid. Let’s look at the main issues that have raised concerns about this platform.
One of the most concerning elements of ES Invests is the complete lack of transparency surrounding the corporation that operates the website. There is no formal firm name, contact information, or jurisdiction stated in their legal documents. This lack of essential information is a major red flag, as respectable forex brokers always provide full disclosure regarding their ownership, licensing, and regulatory monitoring.
To add to the confusion, the ES Invests website occasionally displays the name “Investrpt Capita.” This contradiction implies that the same operators may have conducted earlier projects, maybe with fraudulent purpose. Such differences damage the platform’s legitimacy and point to a potentially questionable history.
ES Invests communicates in both English and Spanish. A review with the Spanish financial regulator, CNMV, revealed a warning about this platform, specifically characterizing it as a scam. Regulatory warnings like these are critical indicators that investors should avoid such sites.
Despite claims that it offers the industry-standard MetaTrader 4 (MT4) platform, ES Invests grants access to a separate web trading platform upon registering. This bait-and-switch strategy is troubling because it raises the prospect of deploying rigged software to deceive investors about the validity of their transactions.
The lack of regulation or the presence of poor regulation is a huge red flag. It means ES Invests 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 ES Invests, 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 ES Invests
ES Invests offers spreads starting at 2.8 pips for a basic account, which is double the industry average and unfavorable to traders. Furthermore, the leverage given is up to 1:400, which is significantly higher than what is approved by major financial regulators. Such high leverage might result in significant losses, especially for rookie traders.
The platform enforces stringent withdrawal requirements, particularly when bonuses are involved. The demand for a trading volume equal to the bonus amount divided by four is a frequent fraud ploy used to block withdrawals. This effectively locks investors’ funds within the platform.
ES Invests requires a prohibitively large minimum deposit of €12,500, which is far higher than industry standards. Most respectable brokers allow accounts to be started with as little as $5 to $100, making the high barrier a potential strategy for extracting large sums of money from customers.
The platform exclusively accepts cryptocurrency payments, which is a frequent strategy for scammers. Cryptocurrencies provide a kind of anonymity, making it harder for investors to retrieve their assets in the event of fraud. Legitimate brokers, on the other hand, accept a wide range of payment methods, including bank transfers, credit/debit cards, and e-wallets.
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.
ES Invests 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.
ES Invests 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 ES Invests 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 ES Invests 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 ES Invests, chances are, you wouldn’t find many legitimate reviews.
Another prominent way brokers like ES Invests enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “ES Invests reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising ES Invests.
You should always look out for consumer complaints. In the case of ES Invests, 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 ES Invests? You can share your complaint in the comment section or submit an anonymous tip.
Is ES Invests Legit Or a Scam?
ES Invests 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 ES Invests 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 ES Invests?
The various concerns with ES Invests, such as a lack of transparency, regulatory warnings, large minimum deposits, and unfavorable trading conditions, underline the hazards of investing on this platform. Investors are strongly urged to use brokers licensed by recognized institutions such as the Cyprus Securities and Exchange Commission (CySEC) or the Financial Conduct Authority (FCA) in the United Kingdom. These authorities assure investor protection and market integrity, resulting in safer and more dependable trading conditions.
To summarize, while ES Invests may appear to offer tempting qualities at first sight, the significant red flags identified indicate that investors should proceed with great caution and investigate more transparent and regulated alternatives.
All the evidence suggests that ES Invests 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. 
