WikiFX Review: Is Group Investment A Reliable Broker?

With the rise of the Internet, the forex market has leapt to become the most liquid and traded financial market in the world. With this, a large number of different kinds of foreign exchange transactions have emerged, so which trader should you trust as an investor？ Now let's take a dealer registered in the UK as an example and talk about whether this forex dealer is reliable.

About Group Investment

Group Investment always set up as a financial derivatives broker which has been providing online forex, futures, options, stock and CFDs transactions and related services for retail and institutional customers around the world.

Group Investment also claimed to be based in UK and licensed by the country financial institute. To find out if a forex broker is trustworthy, check first that it is registered and authorized with a local financial institution.

We can see from the figure above that the query result is quite negative –no company named “Group Investment” is shown on the Financial Conduct Authority. It clearly proves that Group Investment is not authorized but offered financial services and products in the UK. All members of the British public should be careful and stay away from it. Because you are unlikely to get your money back if things go wrong.

In addition, to get a better idea of Group Investment, WikiFX also paid a visit to its official website. However, the outcome was disappointed - the website is not accessible any longer.

Without access to the website, we cannot see for ourselves if it holds up to something like industry. As a professional forex broker, Its shocking that it does not have an official website or even the most basic information available to the public？ Actually, most of investors should be highly vigilant when they see this. Do investors still dare to invest in such platforms that does not even want to display basic information？

When faced with the little information on Internet, we can totally trust and use WikiFX to learn more about forex broker. It is certainly the most convenient and quick inquiry mode for the majority of investors. Now let's search “Group Investment” on WikiFX APP to find out more about this broker.

As you can see, based on information given on WikiFX (https://www.wikifx.com/en/dealer/3311856097.html),Group Investment currently has no valid regulatory license and the score is rather negative - only 1.41/10! WikiFX will give brokers a composite score in five categories: license index, business index, risk control index, software index and regulatory index. Since Group Investment does not have any supervision and does not obtain a regulatory license, the license index, risk control index and regulatory index all score 0, and the final total score is 1.41 (out of 10). Investors can see the overall situation through WikiFX, with higher scores indicating a more reliable broker.

Please note that WikiFX is also reminding the majority of users: Group Investment has low scores, please stay away!

Besides, WikiFX's “time machine” function shows that the group's investment platform website was still up and running in April this year. Judging from the action track on the official website, Group Investment is highly likely to have gone bankrupt and run away with investors' money.

From all the above information we can know that trusting a broker like Group Investment is not a good idea– you will certainly end up robbed. Investors are advised to search relevant information on WikiFX APP about the broker you are inclined to trade with before finally deciding whether to make investment or not. Compared with official financial regulators which might lag behind, WikiFX is better at monitoring risks related to certain brokers - the WikiFX compliance and audit team gives a quantitative assessment of the level of broker regulatory through regulatory grading standards, regulatory actual values, regulatory utility models, and regulatory abnormality prediction models.

WikiFX reminds you that forex scam is everywhere. In the face of thousands of true and false platforms, investors are easily cheated by a slight mistake. WikiFX also reminds investors that before investment, we must understand the platform's regularness in many aspects, and spend more time to understand the platform's supervision and reputation. As a trader supervision and inquiry APP, WikiFX is the best choice for your investment!

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!