Guru4invest

Is this company to be trusted or scam?

Hi there,

Thank you for your message. I have looked into Guru4invest and it’s a scam. Please don’t use their services or send them any money.

The reasons are the following:

  • First of all, no regulatory information can be found of the company. Reliable brokers are regulated by top-tier authorities and usually have the name of their regulator and license / regulation number shown in their footer. So it seems like Guru4Invest is not regulated at all.
  • Secondly, certain mandatory information are way too short and weird on their website, such as privacy policy, terms and conditions, and completely lack general risk disclosure etc.
  • Thirdly, the design and structure of the website is similar to other fake brokers.
  • More concerningly, they are recommended by CoinMarketCap, which is a scam broker itself. This raises serious red flags, and it is highly suspicious.

If you’re looking for reliable and regulated brokers, you can find them here: https://brokerchooser.com/broker-reviews.

Please let me know, if you have any questions.

Kind regards,
Andris

Thanx Andris!

If someone I know was scammed by these people, what should they do?

Hey there,

Thanks for your message. First of all, they should report the scam to the relevant authorities. Reporting a scam is important because it helps protect others from falling victim, assists authorities in taking action against fraudsters, and raises awareness to prevent similar incidents in the future. You can find more details on reporting an investment scam here: https://brokerchooser.com/safety/scam/where-to-report-an-investment-scam.

Unfortunately, the recovery of funds from scam brokers is an extremely complex procedure and chances of success are rather low.

After investigating numerous money recovery services we found that they are just another layer of fraud. We could not find any that was proved to be legitimate. So, please do not use these services as it will only lead to further losses. You can find more details here:
https://brokerchooser.com/safety/scam/money-recovery-scams.

Regardless, I would recommend checking the following article where we collected a few things you can try to get your funds back: https://brokerchooser.com/forex/regulation/scams#how-to-recover-your-funds-when-scammed.

Thirdly, encourage your friend to talk about his/her experience. This could ease the mental toll caused by the financial loss. For more information read this article: https://brokerchooser.com/safety/scam/mental-recovery-from-an-investment-scam.

I hope this helps. Please let me know if you have any questions.

Best wishes,
Andris