Invictus Capital (Crypto20)

Euro_Skank

I'm struggling to find information as to whether or not thos company is trustworthy.

Does anyone have any knowledge of them; they're based in the Caymans but appear to be unregulated which is a big red flag for me. 

Scottex99

I think they have a decent rep but dont know them personally.

Not unusual for crypto protocols/projects to be based in Cayman/BVI/Gib etc.

You can easily get access to the top 20 cryptos through Coinbase or another exchange yourself though. eToro and Revolut too

Alexland

What is attracting you to them?

If giving my money to someone selling crypto then I would want to stick to the big established names.

maxsteam

A minimum for me to even start a due diligence process for something like this is a proper address on the website. There address is stated as just "George Town, Cayman Islands". Avoid.

Malthusian

Cryptocurrency is unregulated which means all crypto exchanges are effectively unregulated. (This includes the ones which have FCA registration for non-crypto activities like CFDs, or to use as a kitemark to attract punters. They are unregulated when they are selling you cryptocurrency.)

If regulatory protection is important to you, stick with mainstream asset-backed investments.

Euro_Skank

maxsteam said:

A minimum for me to even start a due diligence process for something like this is a proper address on the website. There address is stated as just "George Town, Cayman Islands". Avoid.

Thanks, all. You confirmed what I thought and I won't bother. I'm fairly cautious and will continue to stick with my weekly purchases of one of Vanguard's index funds. 

eskbanker

Euro_Skank said:

maxsteam said:

A minimum for me to even start a due diligence process for something like this is a proper address on the website. There address is stated as just "George Town, Cayman Islands". Avoid.

Thanks, all. You confirmed what I thought and I won't bother. I'm fairly cautious and will continue to stick with my weekly purchases of one of Vanguard's index funds. 

Buying into index funds weekly seems unnecessarily frequent, although if that's within a tax wrapper that doesn't levy transaction fees or impose punitive rounding rules then it could work.

If you're "fairly cautious" then what on earth possessed you to be looking at little unregulated remote crypto outfits in the first place?!  It brings back memories of the Monty Python chartered accountant who fancied a career change to lion taming....

Euro_Skank

eskbanker said:

Euro_Skank said:

maxsteam said:

A minimum for me to even start a due diligence process for something like this is a proper address on the website. There address is stated as just "George Town, Cayman Islands". Avoid.

Thanks, all. You confirmed what I thought and I won't bother. I'm fairly cautious and will continue to stick with my weekly purchases of one of Vanguard's index funds. 

Buying into index funds weekly seems unnecessarily frequent, although if that's within a tax wrapper that doesn't levy transaction fees or impose punitive rounding rules then it could work.

If you're "fairly cautious" then what on earth possessed you to be looking at little unregulated remote crypto outfits in the first place?!  It brings back memories of the Monty Python chartered accountant who fancied a career change to lion taming....

Thanks but when there's a re-adjustment of the market I should be in an instantly better position to pound cost average into Vanguard's FTSE Global All Cap Index Fund (Accumulation). That's not my ISA and I don't think it is subject to the rounding rules that you mention. 

I wasn't certain that they were unregulated. I was kinda hoping some people would say they were regulated somewhere and that they were safe. It would only have been a smallish amount anyway so no biggie, bro. It's gone into BABA instead. Anyway, people define fairly cautious differently.

Thanks, I shall YT that sketch. 

eskbanker

Euro_Skank said:
people define fairly cautious differently

Buying into a 100% equity fund isn't at the fairly cautious end of any risk scale I'm aware of (the bottom will normally be cash or bonds).

Buying into individual stocks is less cautious.

Buying into individual Chinese stocks is even less so.

Venturing into crypto would be going beyond that, so it's difficult to escape the conclusion that your definition of 'fairly cautious' is based on a rather different perception of risk from what most on here would recognise.  Out of interest, what would you categorise as medium risk and high risk?

Alexland

eskbanker said:
Out of interest, what would you categorise as medium risk and high risk?

Maybe they work as a lion tamer, bomb disposal engineer or kamikaze pilot?

Thrugelmir

Alexland said:

eskbanker said:
Out of interest, what would you categorise as medium risk and high risk?

Maybe they work as a lion tamer, bomb disposal engineer or kamikaze pilot?

Running a cheese shop perhaps.