In this review, we will describe why you should be cautious dealing with Altinvest.
Is Altinvest Legit?
Looking at Altinvest website, it shows that they are owned by ALTINVESTMENT FINANCE LTD. ALTINVESTMENT FINANCE LTD is located in Vanuatu, a well-known offshore zone and a preferred location for shady brokerage. Altinvest is an offshore broker. Problem with offshore brokers is that they are not reliable and abuse the regulations. Make sure to stay away from this broker as they are anonymous and that they can disappear any time without notice.
To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this brokerage firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why Altinvest is a dangerous broker to deal with.
Are Funds Safe with Altinvest ?
With such lack of information and Altinvest being offshore, funds are not safe. Security of funds is a huge problem with offshore brokers. A red flag that we noticed is Altinvest is withholding vital information to users.
Altinvest could go bankrupt from one day to another since there are no banking information about this broker.