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Himilce Invest Solutions claims to offer quantitative (Quant) algorithm trading for their managed accounts.
They want investors to believe that they can now enjoy the same trading resources used by the large financial corporations and hedge funds.
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This is the same thing that scams like Forex92, West Capital Trading and many others are announcing to their prospective clients.
So we have to take this statement with a pinch of salt since managed account providers like boasting of their automated trading solutions but when it comes to the real situation on the ground, they often harm investors financially.
To facilitate trading, HimilceInvest Solutions has partnered with 3 Forex brokers namely (FX Giants, FX Primus and Iron FX).
They reassure their clients that HimilceInvest Solutions is operated by software developers with over 10 years of experience.
They list M. C. Boullra as their senior software engineer and A. Vilches del Castillo (an economist and a professor of Math, statistics, Micro and Macroeconomics.
They’re basically using fancy titles to make investors think they’re qualified and can handle large sums of money.
However, it boils down to trading performance and a rock steady track record coupled with transparency and integrity.
Therefore, in this Himilce Invest Solutions review, we’ll be helping you decide whether or not to invest with this company.
Himilce Invest Solutions review
They’re located in Spain and they’re providing investors with this phone number +34 622 411 433.
There’s no live chat offered at the moment. If customers don’t want to call them over the phone, they can as well use the email info@himilceinvest.com.
While they’re claiming to maintain a long and prosperous relationship with investors through sincerity and truth, reports have come out that this firm is actually operating illegally.
The Danish FSA has claimed that it does not have knowledge of the activities that HimilceInvest Solutions is offering in Denmark.
The financial regulator has proceeded to include HimilceInvest Solutions into their warning list among other companies that are suspected to be operating without a license or authorization from the regulator.
You should never invest your funds with an unregulated managed account provider or a broker.
The reasons are quite obvious.
Scam brokers cannot qualify for any license.
Those who have a different agenda can never qualify for a license either.
For Danish FSA to blacklist HimilceInvest Solution, it means this firm is illegally soliciting funds and potentially harming investors in the long run.
Himilce Invest Solutions product details
HimilceInvest Solutions is also offering a demo of their service.
Customers who want to test their demo are required to fill in a simple form with their name, email and the amount they wish to invest.
The firm will send a financial report to the client every two weeks showing simulated results and the profit share.
Investors are supposed to keep 80% while the firm is supposed to take 20%.
The reason we can’t trust simulated results is because for one, we’ll not be sure whether these simulated results are genuine or not.
Most investment scams are now editing their financial reports to reflect what they want traders to see. They even cherry-pick trades and make up their own profit figures.
This means that genuine performance cannot be viewed through simulated trading.
There are more legitimate ways to verify the income claims.
We can have Himilce Invest Solutions auditing their results using a reliable, well-known financial auditing firm.
But if this operation is costly for them, they can opt to use a statement sharing platform like myfxbook.com.
This platform is free to setup and use.
It tracks every action that involves a trading account.
We’re able to see details such as deposit amount, monthly returns, draw down, average length of trades and so on.
There’s no reason for an investment operation like Himilce Invest Solutions to publish unverified performance statements on their website when the more transparent options are available.
Is Himilce Invest Solutions a scam?
When there’s a warning from the financial authority, investors can only be wary of the service.
Based on this, we can say that investors who are using HimilceInvest Solutions are actually risking and could lose all their funds.
Secondly, their claims seem to be too good to be true.
If indeed Himilce Invest Solutions is offering the same automated trading algorithm that investment banks provide their customers with, their website should provide strong proof of this.
Customer feedback should also confirm that indeed this managed account provider is the best.
So far, HimilceInvest Solutions does not have any reviews or testimonials to back their service.
We hope feedback from some clients will show up but for now, it appears no investor is willing to sign up for this service.
Conclusion
Himilce Invest Solutions does no provide verified trading performance to demonstrate their profitability.
While they claim to be transparent, there’s nothing transparent about their website at all.
Investors who try their simulated trading will be tricked with made up profit figures.
This is not the kind of managed account provider to endorse. Unless the vendor changes his strategy and backs himself with verifiable performance, endorsing a service like Himilce Invest Solutions will remain a pipe dream.
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