Investqhub

akelenfo
akelenfo Posts: 1 Newbie
edited 12 March 2024 at 4:44PM in Savings & investments
Good afternoon,

I’ve been trading on Investqhub for a few weeks specifically on Forex and have made money, not a lot though.   The account manager would like me to move onto commodities but this will mean a greater investment.   I currently have $313 in the account, I withdrew $50 profit recently but would really need about $1800; I trade no more than 30% of my funds and only “Take Profit”.   The profit compounds and my funds grow.   The account manager is not putting me under any pressure, the choices are mine.

My question is…is investqhub and Kraken legitimate and whilst I’m never going to be a millionaire I may make additional income to support retirement?

Any guidance or advice would help greatly appreciated.

Has anyone any experience with this they’d like to share?

Thank you.

Allan

Comments

  • Gary1984
    Gary1984 Posts: 364 Forumite
    Tenth Anniversary 100 Posts Name Dropper
    edited 12 March 2024 at 4:55PM
    You'll almost certainly lose money trading over the long term even if the site is legit, which I have no insight on. The fact a small time investor has an 'account manager' encouraging them to put more money in though is a red flag though.

    Withdraw all funds if you can. Do you have any debts such as credit cards? Put the funds towards these first. Then do you have an emergency fund in cash? If not open a high interest account and save into that.

    Once that's all sorted consider your pension arrangements and/or a stocks and shares ISA.
  • TadleyBaggie
    TadleyBaggie Posts: 6,538 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Reviews (apart from Trustpilot, may not be real reviews) seem to say it is scam.
  • wmb194
    wmb194 Posts: 4,587 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    akelenfo said:
    Good afternoon,

    I’ve been trading on Investqhub for a few weeks specifically on Forex and have made money, not a lot though.   The account manager would like me to move onto commodities but this will mean a greater investment.   I currently have $313 in the account, I withdrew $50 profit recently but would really need about $1800; I trade no more than 30% of my funds and only “Take Profit”.   The profit compounds and my funds grow.   The account manager is not putting me under any pressure, the choices are mine.

    My question is…is investqhub and Kraken legitimate and whilst I’m never going to be a millionaire I may make additional income to support retirement?

    Any guidance or advice would help greatly appreciated.

    Has anyone any experience with this they’d like to share?

    Thank you.

    Allan
    "InvestQHub.com (the “Company”) is a company incorporated in Saint-Vincent and Grenadines operating an online cryptocurrency-based trading platform..."

    What could possibly go wrong? I would find something more reputable. Forex trading is renowned as a way to lose all of your money. 
  • fwor
    fwor Posts: 6,858 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 12 March 2024 at 6:36PM
    As already implied, the only reason why these companies are incorporated in such remote jurisdictions is to make it virtually impossible for you to go after them when you discover that they have scammed you.

    You should expect that, as soon as he thinks that you will not be putting more money in, your "account manager" will become a lot less friendly. The next step - when you try to get your money back - is that they will invent a load of "fees" which mean that you will have to pay them more money to (supposedly) get your money back.

    So... you should consider your money to be gone. If you've only lost $313, you've probably got off lightly.
  • Albermarle
    Albermarle Posts: 26,960 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    akelenfo said:
    Good afternoon,

    I’ve been trading on Investqhub for a few weeks specifically on Forex and have made money, not a lot though.   The account manager would like me to move onto commodities but this will mean a greater investment.   I currently have $313 in the account, I withdrew $50 profit recently but would really need about $1800; I trade no more than 30% of my funds and only “Take Profit”.   The profit compounds and my funds grow.   The account manager is not putting me under any pressure, the choices are mine.

    My question is…is investqhub and Kraken legitimate and whilst I’m never going to be a millionaire I may make additional income to support retirement?

    Any guidance or advice would help greatly appreciated.

    Has anyone any experience with this they’d like to share?

    Thank you.

    Allan
    Why not keep your money in more traditional places, like cash savings, or pensions or S&S ISA's, rather than gambling them in high risk areas with potentially dodgy companies ?

  • JohnWinder
    JohnWinder Posts: 1,862 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    edited 13 March 2024 at 4:54AM
    Run, don't walk, away. Or, if you're just promoting the service, thanks but no thanks.
  • See my other thread here - OP has got off very lightly. 
  • masonic
    masonic Posts: 26,355 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    See my other thread here - OP has got off very lightly. 
    Who knows. The OP never came back to update us. They not have taken the advice above and parted with much more of their money.
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