What some scam brokers’ owners certainly don’t lack is imagination. Our subject in this Interact Invest review promises traders a path to smart investing. To achieve this, they claim to offer a cutting-edge trading platform, access to global markets, unique ideas, and educational materials. However, we know all too well that these fancy words hide fraudsters who are just waiting to grab traders’ money. This is precisely what we aim to prove.
Key Features
- Company Name: Interact Invest
- Website: https://interactinvest.com/
- Available Contacts: Not specified
- Foundation: 2024
- Services: Forex/CFD trading
- License: No
- Initial Deposit: $250
From Sign-Up to Payout
The only somewhat successful aspect of the official Interact Invest website is its page design. Everything else (content and functionality) does not deserve a single kind word:
- Can the homepage of a broker’s site be considered legitimate when it consists of a chaotic collection of offers, none of which have anything to do with trading? Instead, the majority of the space is devoted to descriptions of ordering a debit card and earning through referrals.
- Typically, one can become a client of a brokerage by registering an account. Interact Invest decided we were too naive and removed the registration form from the website. Now, users who wish to work with this firm will have to endure a complicated quest. Think contacting support is the solution? Read on.
- The site has no contact details: no phone number, no email address, no live chat, and no links to social media pages. There is, however, a feedback form on the Contact Us page. But somehow, we doubt anyone reads the messages. Perhaps because we’ve been waiting for a response to our inquiry for four days now. It seems the project’s creators have found the perfect way to handle issues — ignore any messages about them.
We were, of course, already convinced we were dealing with a scam broker. But no one expected such an abundance of evidence provided directly by the platform itself. At this point, we could wrap up our review. However, even we are curious about what else awaits potential clients of this shady firm.
Our Trading Experience With Interact Invest
As we mentioned earlier, there is no registration form on this broker’s website. This means that gaining access to the personal account and Interact Invest trading platform seems only possible after some kind of communication with their support team. We’ve been waiting for this for four days, and so far, nothing.
For now, there’s no chance to view the company’s actual trading platform. However, we can evaluate the trading conditions presented on the site.
The platform offers five account tiers:
- Basic.
- Silver.
- Gold.
- Platinum.
- VIP.
The account descriptions provided by the creators of Interact Invest are sparse. From the available tabs, we can infer that accounts differ only in:
- The minimum deposit, starting at $250 for Basic and going up to $250,000 for VIP.
- The leverage, ranging from 1:30 for the Silver plan to 1:500 for VIP.
- Spread sizes, which gradually decrease from 3 pips to 0.
Apparently, the company believes traders don’t need to know any other trading conditions. They seem to think this is enough: traders should know how much money to bring to the platform, and they’ll figure out the rest during the inevitable loss of their deposit.
The broker’s staff’s creativity is fully expressed in the additional options. Imagine this: by opening an account with a $250 deposit, you’ll only gain access to basic information about the terminal and cryptocurrency wallet. Your actual knowledge level doesn’t seem to interest anyone. However, those who deposit $500,000 are promised exclusive webinars, trading signals on mobile devices, and even invitations to important events. But don’t be too disappointed: all these promises are most likely empty. Examples of such practices are rampant among scam brokers, and we don’t think Interact Invest is any better.
The Reality Check
The website of Interact Invest contains no physical address. The only vague mention of the broker’s registration can be found in its Terms & Conditions. It states that the “laws and courts of saint vincent and the grenadines” (verbatim from the document, which demonstrates the literacy level of the company’s staff) take precedence.
Naturally, we turned to the registry of the local financial regulator, SVGFSA. While it does not license Forex and CFD brokers, it does maintain a record of all such services operating in the country.
However, there were no records of a company named Interact Invest in the regulator’s registry. This indicates that the broker did not undergo official registration there. We also checked the company’s information in the OpenCorporates database. Among 220 million records, such a name was also absent. The conclusion is straightforward: the broker operates without official registration. Essentially, it is a virtual entity represented only by a website.
Naturally, the idea of conducting full-fledged trading on such a platform is out of the question. It cannot ensure the safety of client funds in segregated accounts either, as it is impossible to open such accounts at banks. The pseudo-company only accepts payments in cryptocurrency or to private individuals’ cards (drops), leaving the actual recipient of the funds anonymous.
A note! The promise to issue special debit cards to clients is also just a clever marketing ploy. Without opening corporate bank accounts, the firm cannot apply to issue cards for third parties.
Of course, Interact Invest has no licenses whatsoever, as even offshore regulators do not grant them to websites owned by anonymous entities. Without such a license, all the activities of this fake company in providing brokerage services are illegal. Do you think it’s worth sending money to accounts opened here?
How Long Has Interact Invest Been in the Game?
Unfortunately, the owners of this “renowned global brand” (as the broker claims about itself) forgot to include any information about its establishment date or duration of operation on any page. This is understandable, considering that, as we’ve established, the real Interact Invest company does not exist. Determining its creation date is not difficult — one only needs to look at its Whois domain registration details.
Frankly, we didn’t expect this. It turns out that the broker registered its active domain, interactinvest.com, only on December 3, 2024. At the time of writing this review, it has been in existence for only two weeks. This timeline explains all the issues we noticed on its official website.
Still, it seems that the project creators are completely unconcerned about this. No one plans to fix anything. As with most scammers, the website is not a tool for attracting clients but merely a token presence on the internet.
Extra Fraud Indicators
After examining the official details of the platform, we have an intriguing question: why was there such a rush to launch a website that is not even 50% ready for operation? Could it be that they’re that desperate for clients’ money?
It turns out we couldn’t even imagine how desperate. By inspecting the source code of any page, it’s easy to determine that interactinvest.com is an exact copy of another broker’s website — MCJInvest. We’re even curious to see if the owners will stop at just two clones or if the internet will soon be flooded with twin pseudo-resources of fake brokerage firms.
Is Interact Invest the Right Fit?
We are confident that this Interact Invest review has dispelled any doubts about the broker being a scam. The most compelling arguments proving this point include the lack of registration and licensing, the inability to independently register on the platform, and the absence of essential information. Additionally, the site is a direct copy of another scam platform. From our perspective, depositing funds here is a huge mistake — the likelihood of traders losing everything is 100%. Only users who are careless with money would take such a risk. For everyone else, it’s better to turn to licensed brokerage companies with high ratings.
It’s hard to put this into words. I’ve encountered questionable brokers before, but I’ve never dealt with scammers this bold. Interact Invest employees showered me with attention, calling me three times a day, persuading me to take advantage of great opportunities to earn. Eventually, they convinced me to deposit $20,000. Within an hour, they lost all interest in me. The phone numbers they used to call me don’t work, there’s no email, and they don’t respond to messages sent via the feedback form. I can’t even withdraw my funds because suddenly, that feature disappeared from my account! Wow, I’ve never dealt with scammers before, and now — unlucky me.