InvestiRay presents itself as a global investment platform that offers a variety of financial products and services, including forex, stocks, and cryptocurrency trading. The platform claims to be based in both the UK and Singapore, creating an appearance of being an international firm. However, upon closer investigation, it becomes clear that InvestiRay is not a legitimate or regulated financial platform, raising serious concerns for potential investors.
CNMV Warning: Unregulated and Unauthorized
One of the most significant red flags surrounding InvestiRay is the fact that the Comisión Nacional del Mercado de Valores (CNMV), the Spanish financial regulatory authority, has added InvestiRay to its warning list. The CNMV issued an official warning, stating that InvestiRay is providing investment services without the proper authorization. The lack of authorization means that InvestiRay is operating outside the legal framework designed to protect investors, making it highly risky for anyone who decides to engage with the platform.
You can verify the CNMV’s warning here.
False Claims of Regulation in the UK and Singapore
According to InvestiRay’s website, the company claims to be located in the UK and Singapore, two countries known for their stringent financial regulations. In the UK, investment firms must be authorized and regulated by the Financial Conduct Authority (FCA), while in Singapore, they would need to be regulated by the Monetary Authority of Singapore (MAS). These regulations ensure that firms comply with strict rules that protect investors and promote market integrity.
However, upon investigating these claims, no record of InvestiRay could be found in the FCA’s or MAS’s regulatory databases. This absence of regulatory oversight means that InvestiRay is falsely presenting itself as a legitimate financial institution. Without regulation from either the FCA or MAS, the platform is not held accountable to any regulatory standards, and investors have no legal recourse if the company engages in fraudulent activities or disappears with their funds.
No Legal Protections for Investors
The fact that InvestiRay operates without authorization from any major regulatory body is a critical issue for investors. Regulated investment platforms are required to segregate client funds from company operational funds, ensuring that investors’ money is protected in case of insolvency or fraud. They are also subject to regular audits and must adhere to strict reporting standards, which help ensure transparency and accountability.
Since InvestiRay lacks regulation, none of these investor protections are in place. Investors who deposit money with this platform run the risk of losing their funds without any legal recourse. The company can operate with little to no oversight, making it easy for them to engage in unethical practices such as manipulating client accounts or refusing withdrawal requests.
Anonymity and Lack of Transparency
Another concerning aspect of InvestiRay is the lack of transparency surrounding the company. The website provides very little information about the company’s management, ownership, or history. Additionally, there are no clear details about the physical location of their offices in the UK or Singapore. Legitimate investment firms are typically transparent about their operations and provide verifiable information about their licenses and management team.
The anonymity of the people behind InvestiRay raises further doubts about its legitimacy. A lack of transparency is often a hallmark of scam platforms, which use anonymity to avoid accountability and disappear without a trace if investors start raising complaints.
Conclusion: Avoid InvestiRay at All Costs
In summary, InvestiRay is an unregulated and unauthorized platform that poses significant risks to investors. With a warning from the CNMV, false claims of regulation in the UK and Singapore, and no legal protections for investors, the platform raises multiple red flags. Anyone considering investing with InvestiRay should steer clear and seek out regulated investment platforms that provide transparency, legal protections, and a safer trading environment.
If you have already invested with InvestiRay or suspect fraudulent activity, it is crucial to report the platform to your local financial regulatory authority or Centered Reviews for chance of recovery and to help warn others.