Introduction to IndexEvolve Review:
Have you ever come upon a random call on an afternoon from a seemingly kind gentleman who goes on to tell you how you can earn lots of money by just investing some with his firm? Did he also mention how his firm is having a special offer that will give you 100% returns on the first day itself? BEWARE! This kind gentleman is not what he pretends to be. One of the most common methods through which scam brokers attempt to scam you is through cold calls. Upon calling, they will provide the victims with all kinds of tempting offers. If you don’t want to be the next victim of the scam brokers, read the full IndexEvolve review here. If you are here with the intention of knowing whether IndexEvolve is a scam or not, stay tuned till the end and find out for yourself.
Address: Hong Kong, Cyprus, and UK (claimed)
Leverage offered: 1:1000
Minimum Initial Deposit: $250
In this section of the IndexEvolve.com review, we will be discussing all the red flags raised against the IndexEvolve scam. Stay tuned to know more.
INDEX EVOLVE DOES NOT HAVE A LICENSE
Despite claiming itself to be an award-winning brokerage firm with many franchises around the world, IndexEvolve attempts to make a big picture for itself. However, all of it came crashing down when we checked whether the company is regulated or not. On their website, the IndexEvolve takes great pride in bragging about how their firm is regulated by many regulatory authorities that include famous regulations such as that of Hong Kong and China. The list of regulations also includes the regulations of offshore zones such as Mauritius and Bahamas. This created a lot of suspicions and for this very reason, we decided to cross-check with the regulations and that is where we started finding red flags. Upon checking with the regulatory authorities, we found out that IndexEvolve is not regulated with any of the regulations as claimed and they are simply lying through their teeth to fool the customers. This is the first sign that points us to the reality of the IndexEvolve.com scam.
HUGE LEVERAGE OFFERED
Leverage is yet another parameter used to check whether IndexEvolve is a scam broker or not. Regulated brokerage firms only offer a leverage up to 1:50 as more leverage can lead to the customers losing the trade. In our case, IndexEvolve offers leverage of 1:1000 which is as much as 20 times higher than the normal leverage offered. This causes another red flag against IndexEvolve in this IndexEvolve review.
Conclusion: Is IndexEvolve a scam broker or a legitimate one?
To sum up, all that has been said above, we leave it upon you to decide whether IndexEvolve is a scam broker or a legitimate one. However, we must warn you to stay away from IndexEvolve as it is a potential scam. If you are a victim of the IndexEvolve scam, let us know and we will help you.
Read Latest News on Quora.