Epicinvest24 proudly brings a wealth of experience and unique trading technology. However, by visiting the site epicinvest24.info we haven’t found anything exceptional. Furthermore, client reviews are poor. Even though the company calls itself a modern and innovative platform, traders are dissatisfied with the service of this offshore broker. Is this broker scam, or do the upsides outweigh the downsides?
- Epicinvest24 General Information
- Registration and Client Portal Review
- Epicinvest24 Trading Conditions
- Account Types Review
- Trading Platform
- Epicinvest24 — Deposit and Withdrawal of Funds
- Additional Options
- Is Epicinvest24 a Scam?
- Legal Information and License
- Epicinvest24.info Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
Epicinvest24 General Information
|Address||1314 LLC 2021, registered address: Firsts Floor, First St Bank Ltd Building, James Street, P.O. Box 1574, Kingstown VC0100, St. Vincent and Grenadines|
Registration and Client Portal Review
We see an ordinary official website. Epicinvest24 reports in a big banner that oil companies are making record profits. That means that now is the best time to start trading.
Traders will not find any useful information here. The broker lists a lot of its advantages, but its competitors also have all of them.
To trade, you have to create an account on the platform. It’s necessary to fill out a small form where you should enter:
- First and Last name
- Date of birth
- The currency of the account.
After registration, you will receive an email with a confirmation link. You need to follow it to activate the account and fill in other contacts. The Client Portal has an ordinary interface. Here you can go through the KYC, or deposit, and go to the trading terminal.
Epicinvest24 Trading Conditions
The broker offers a service for exclusive customers. First, you need to choose one of the accounts. They differ in the amount of the deposit and the set of services.
Account Types Review
The company has several types of accounts for different groups of traders. The minimum deposit starts from 250 euros. For the Elite package, the deposit starts from 250 thousand. Conditions are not very clear. For example, Silver spreads are promised for the Silver package. Gold spreads for Gold, etc. What exactly does it mean?
Besides, the broker offers credit bonuses in the amount of 10-30% of the deposit. In the more expensive types of accounts, you can find exclusive services, for example, an individual strategy and a trading coach.
Epicinvest24 offers only a web trader. Even the download link on the website leads to the authorization form in the web version. WebTrader is standard. It allows you to trade CFDs. This platform is worse than MetaTrader5. However, Epicinvest24 says it’s not going to purchase another terminal yet.
Epicinvest24 — Deposit and Withdrawal of Funds
You can deposit money in different ways:
There is no commission for deposit, except fees from payment systems.
You need to pay a commission of 3.5% for withdrawing money, except if you’re the owner of a Gold, Platinum, or Elite account.
You can verify your account in the Personal Area. You will need to upload several documents. It is necessary to have an identity card, a bank statement, utility bills to confirm the place of residence, etc.
The broker offers a referral program. The reward for new traders is up to $2,000. Those who invite newcomers can receive up to $200.
Is Epicinvest24 a Scam?
We have found many red flags that you shouldn’t ignore. It seems to us that Epicinvest24 is a loose cannon.
Legal Information and License
We found Epicinvest24 in the register of legal entities on a web resource svgfsa.com. The company was created in October 2021, not ten years ago. However, the regulator in Saint Vincent and the Grenadines, the FSA, does not issue licenses to Forex and binary options brokers. Therefore, clients open transactions on the platform at their own risk, and cannot claim compensation or assistance from supervisory authorities.
Epicinvest24.info Domain Info
The domain was registered not so long ago. That means that the broker does not work for long either. Just like the negative reviews about the company, Epicinvest24 started its presence on the Internet in 2021. Please note that the site will be active for several more months. What’s next is unknown. Will the owners extend the lease of the domain or close it?
The article has been updated. We now know the answer because the creators have registered a new domain epicinvest24.info and have extended it until February 2024. And they have a spare domain epicinvest24.net.
Contacts include phone numbers and emails. However, for some reason, we could not get through to Support. Traders complain in reviews that their letters are also not answered.
In the terms and conditions, the owners of Epicinvest24 write that they will try to provide services in good faith, but are not responsible for losses. They may be obtained due to the negligence or fraud of third parties from whom the company receives instructions on the execution of orders.
The broker stores client funds in segregated accounts. At the same time, it makes a reservation that it will not return the money if the banks go bankrupt or abandon their payment obligations. The trader won’t be able to check financial institutions, because there is no information about them on the website.
Pros and Cons
- Demo account.
- Offshore jurisdiction.
- No license.
- A short period of existence.
- Negative reviews.
- Not enough information about the company.
Frequently Asked Questions (FAQ)
The broker has been working for less than a year.
No, it is an offshore broker without a license.
Yes, it has an affiliate program. You can get up to $200.