1 review for Equitiz.co is not recommended
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GB
1 review
2 helpful votes

SCAM! The UK FCA and Swiss regulators FINMA have now issued scam warnings about this company
October 17, 2023

The Financial Conduct Authority (FCA) now list Equitiz as a scam!
Whether you want to believe the ton of negative reviews on here and elsewhere on the internet or the paid for positive reviews, is up to you, but the FCA, the UK's highest regulatory board have officially listed Equitiz as a scam! There is even a warning at the top of this page. Odd then that Equitiz don't wish to address that in any reply right? Think about that before parting with a penny! They claim to operate out of Switzerland but the Swiss authorities have denied this but are aware of their reputation being trashed by these scammers. Equitiz are completely unregulated anywhere so after they have scammed you out of your money, you're alone!

This is how the scam works:-

1) They place fake ads which they disguise as 'articles' purporting to be from financial publications, but they write these themselves. The publications don't exist. They're fake. If you're not sure try to add a comment to the bottom where you see other comments, impossible, try to click on any part of the story links, impossible, try to find the company thats purporting to write the article, doesn't exist! So they even start out with fraud, moving on

2) They ask you to 'invest' a minimum £250, but then almost immediately they badger you day and night from various phone numbers around the world asking for more. Within days they are asking for £10-15,000 No reputable company would do this. When you tell them clearly you have no intention of handing over more to complete strangers without some sort of track record, they get aggressive. No reputable company would do that.

3) When it's clear you're not going to hand over any more cash, they switch tactics by running the 'investments' into the ground (select trades they know will lose) - then surprise surprise, of course, the only way out of this situation they tell you is to 'double up' which means more significant money!

4) When they know despite their threats, despite their abusive emails, you're not going to part with anymore money they simply allow the trades to default.

Any withdrawals are almost impossible, they will help you with the first one (they suggest its small) in order to give you the impression it's not a problem. Try to withdraw anymore and you've no chance, they'll tell you it will 'kill the account' etc.

The staff are hilarious, people with thick almost incomprehensible spanish (maybe arabic?) accents with names fresh out of Eton, 'Charles' 'Timothy Bell' - the same people that in other equitiz replies they say don't exist. They don't exist yet many people have mentioned them? Are they all imagining the same names? I've got emails from them so if they don't, they're clearly fake too. Whats their real names?

Now these scammers are probably going to demand my email address from Trustpilot, to try and limit their exposure, I will gladly provide it, but they know who I am, they will probably also write a twee reply saying they 'are concerned' 'we don't know the trader' or to 'get in touch' - but it's all BS as they know the poster cannot respond to that and once they have your money you cannot contact them anyway. They even use the 'we don't recognise the trader' in replies to people who haven't even mentioned a trader, it's just a bog standard pre scripted reply to try and salvage the situation. Oh there are no 'official channels' - its a boiler room scam. IT'S A CON!

I am in the process of contacting various organisations with minute details of the step by step scam.

BE WARNED - THIS IS A SCAM - IF YOU GIVE THEM YOUR MONEY YOU WILL LOSE IT 100%. READ THE MASS OF REVIEWS NOT JUST ON HERE BUT MANY OTHER REVIEW SITES. YOU HAVE BEEN WARNED BY THE FCA (perhaps Equitiz will tell us why in their response to this?)

Tip for consumers:

The positive reviews for Equitiz.co are paid for and duplicates of the same posted elsewhere with different names (but the reviews are identical word for word) - it would be reassuring of you checked more thoroughly

Date of experience: October 17, 2023
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1 review for Equitiz.co is not recommended