Is Innometricspro.com Legitimate or a Scam? A Comprehensive Review
In this article, we will evaluate the trading platform innometricspro.com to determine whether it is a legitimate trading option or a potential scam.
Company Overview
- Company Name: Innometrics Pro
- Website: innometricspro.com
- Registered Country: Unknown
- Regulation Status: Unregulated; claims of regulation are misleading.
- Operating Since: 2023 (exact date not specified)
- Trading Platforms: WebTrader (no mention of MT4 or MT5)
- Leverage Offered: Up to 1:500
- Minimum Deposit/Deposit Bonus: Minimum deposit of $250; no deposit bonus mentioned.
- Available Assets to Trade: Forex, Crypto, Commodities, Indices
- Demo Account Availability: No demo account available.
- Customer Support Contact Methods: Email and live chat.
Red Flags Indicating It is a Scam
Unlicensed and Unregulated
Innometrics Pro claims to offer regulated services but lacks licensing from any reputable financial authority such as the FCA or ASIC. This raises significant concerns about its legitimacy.
Misleading Information
The platform may falsely claim affiliations with legitimate brokers, which can mislead potential traders into believing they are dealing with a trustworthy entity.
Fake Reviews and Testimonials
There are indications that innometricspro.com uses paid or fabricated reviews to enhance its reputation online, creating an illusion of credibility.
Withdrawal Issues
User complaints frequently highlight difficulties in withdrawing funds, suggesting that the platform may be designed to trap users’ investments.
Lack of Demo Account
The absence of a free demo account is concerning for new traders who wish to practice before committing real money.
Trading Platform and Conditions
Innometrics Pro primarily offers its own WebTrader platform. While it claims high leverage options (up to 1:500), such high leverage poses significant risks for inexperienced traders. Users have reported issues with spreads and commissions that are not clearly disclosed on the website.
License and Regulatory Issues
Regulatory bodies like the FCA have issued warnings against unregulated platforms like Innometrics Pro. The lack of licensing means there is no legal recourse for users in case of disputes or fraud. Furthermore, any claims made by Innometrics Pro regarding affiliations with regulated entities should be viewed skeptically.
User Feedback
Common complaints from users include:
- Difficulty withdrawing funds.
- Poor customer service response times.
- Technical issues with the trading platform functionality.
Deposit and Withdrawal Methods
Innometrics Pro offers various deposit methods but has received negative feedback regarding withdrawal processes. Many users report long delays or outright failures when attempting to withdraw their funds.
Why Unregulated Brokers Are Risky
Dealing with unlicensed brokers like Innometrics Pro carries significant risks including:
- Loss of funds without any legal protection.
- Increased risk of fraud due to lack of oversight.
How to Get Help if You Are Scammed
If you believe you have been scammed by innometricspro.com, consider seeking assistance from services like Reportscammedfunds.com which offer chargeback assistance and legal support for recovering lost funds.
Conclusion
In conclusion, we strongly advise against using innometricspro.com. Its unregulated status combined with misleading practices poses significant risks for traders. Always opt for properly regulated brokers and seek help if you find yourself entangled in scams. Stay safe while trading!
