Cult Wine Investment Review – Unauthorized firm (WineInvestment.com)

 
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Cult Wines Ltd runs Cult Wine Investment which is an illegal platform. The website of this suspicious firm can be found at WineInvestment.com.

The company claims that it is investing in wine and giving returns to their clients. Their online profit calculator says that if you invest £505,000, your profit would be £565,752 within a period of 1 year.

These returns are too good to be true which is why WineInvestment.com is suspicious and not worth trusting with your hard-earned money.

Cult Wines Ltd further claims that they have £285M under management. This company is based in the UK and providing financial services in a jurisdiction controlled by the FCA.

Is WineInvestment.com a legit or scam investing platform?

Please note: If you’ve lost money to a bogus wines investment scam such as Cult Wines Investment, you have the opportunity to file a complaint and subsequently get back your money through chargeback.

Cult Wine Investment Review: Is WineInvestment.com legit or scam?

The company cannot be a legitimate source of passive returns even though they claim that they’re a team of wine and investment experts.

The entity wants you to open an account and deposit some funds so that they can create a ‘portfolio’ that is according to your risk appetite and profit target.

Clients just need to create an account and fund it for profit to start trickling in.

They claim that their strategy involves using machine learning, AI and sophisticated data science to generate profit.

We’ve heard these stories before and this will not be the first scam ever.

And of course the website is littered with a lot of 5 star rating reviews from their supposed clients. None of these reviews can be verified.

You can see that the company is even using Trustpilot to procure these reviews. If you read our P8FX Trading review, you will see why TrustPilot reviews are far from being trustworthy.

You will see how vendors pay to play. They create stellar profiles with glowing reviews about their companies. These reviews appear overnight as soon as the vendor pays hundreds of dollars monthly to manipulate his profile and make his company look like the real deal.

Companies like Cult Wine have pitched tent here to deceive investors. The company’s website even has a performance page to show potential investors how wine investment has been performing.

This performance page consists of random figures that cannot be verified. This performance has not been audited by a third-party despite the company claiming that they use data driven investment approach to generate the alleged returns.

WineInvestment.com review: Cult Wine Investment not licensed

Ask yourself how secure this company is if they can’t provide their FCA license number. The company is clearly offering financial or investment services.

It is directly soliciting funds from investors in the UK and also across the world. However, lack of a financial services license show that the company has a bad agenda.

Such companies have been known to scam investors using a beautiful idea like wine investing. As long as Cult Wine Investment is not going to qualify for an FCA license, it will remain illegal and risky for your investing.

For this reason, you need to avoid them at all cost.

The Conclusion of this WineInvestment.com review

The company has a slick sales pitch to ensure that they can rope you into the scam. They don’t want you to ask them about their FCA license because they don’t have any.

The fraud just wants you to ‘invest’ and get returns. Are there people who have gotten returns from this company? Maybe yes or maybe no. All we know is that if they were legit, they would have obtained a license.

Currently as it stands, Cult Wine Investment cannot prove whether or not it is a ponzi scheme. Investors who put their money here risk losing it all as such companies may disappear overnight with investors’ funds.

These types of scams are common on the internet and if you are a victim, you can file a complaint and subsequently recover your lost funds. It’s not that difficult.

Do you want to submit a broker or comment about their scam activities? BrokerProfile is the uncensored forum where you can discuss freely about good and bad trading service providers..

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