Is GreatInvest reliable?

https://greatinvest.net/

GreatInvest is not a regulated or licensed broker for traders even though it states offers that look good to be true. 

GreatInvest claims that it started the business since 2016. However, we found its domain was created in 2022. How could it start the business before this year? It is a red flag.

According to its website, the broker claims has an office in Australia. So we searched Australian Securities & Investment Commission (ASIC) but found no matching results. That means the broker is not authorized by ASIC to provide financial services in Australia. 

Moreover, both the United Kingdom Financial Conduct Authority (FCA) and the France Financial Authority (AMF) issued warnings against GreatInvest for being an unauthorized clone firm. You can check full warnings from FCA an AMF.

The truth is, GreatInvest is not overseen by any regulators. But this broker currently has not received any warnings from any regulators. We would recommend traders stay away from unregulated brokers like GreatInvest and trade with licensed brokers.