No one should be surprised to hear that there are many crypto scams. However, few people want to believe that there is a problem with their broker. One reason is that, once people have invested their money, they can tend to be in denial. They may, correctly, believe that it is unlikely they will get their money back if indeed the broker is a fraud and may choose to stay the course and hope for the best. However, this strategy does not end well. 

It is important to pay attention to warnings and red flags and to act fast. We have investigated reports, warnings from regulators and have used our investigative techniques to analyze brokers, and have found several alerts against InvestTeck . 

InvestTeck has been named as a suspected crypto fraud for at least several of the following reasons: 

No License or Offshore License

Our Online Fraud Report experts always recommend that prospective traders sign up with a licensed broker. This goes beyond simply checking that a broker holds a license, but ensuring that the license is reliable.
This means checking the licensing claims on the regulator’s website for accuracy, looking at the expiration of the license, or news of whether it has been revoked. Many brokers try to claim they hold a current license that has expired or has been taken away. 
InvestTeck has been targeted as a broker that may have a questionable license. Either they are claiming to be regulated when they are not or they may hold an offshore license from a third-tier regulator. 
But having a license is a good thing, right? Not just any license will do when it comes to providing oversight for customers. Many offshore regulators ask only for a fee, and issue a license and that is the end of the story. They will rarely if ever follow up on customer complaints. 
Having a current, top-quality license is important, but InvestTeck falls short. That is reason enough to stay away.

Negative Reputation

In the era of social media, reputations are notoriously fragile. It doesn’t take too much to ruin someone’s reputation. However, when it comes to a broker’s reputation, just a few exaggerated complaints usually are not sufficient to take down a regulated financial services company that has a reputation for reliability. 
Our experts did not just consult review sites, where there is little proof that reviews are genuine, but took a holistic approach to examine InvestTeck through social media, regulators, news stories, and experts in the industry. InvestTeck does not have a good reputation, and that should cause concern. 

False Guarantees

Any broker that guarantees returns per day, per week, or even per month for cryptocurrency trading should not be relied upon. Cryptocurrency is a famously volatile asset and it can rise or crash on one tweet from Elon Musk. 
InvestTeck has been caught making guarantees that it has not fulfilled. This is important because people should be able to trust their brokers to give them reliable information. However, InvestTeck, like many other fraudulent brokers, is more interested in attracting customers with false promises than backing up its statements. 

Non-Compliance

Not only does InvestTeck not have a reliable license. It has also been suspected of not complying with general trading or financial regulations in the region where it operates or signs up clients. A broker that does not care about laws and regulations is not likely to be conscientious about a customer’s money. Therefore, InvestTeck rates low on the trust factor.