Investment Recovery Service has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Regist...". We are aware of scammers operating recovery scams that are falsely claiming to be members or associate members of a New Zealand approved Dispute Resolution Scheme provider. These false claims are for the purpose of creating credibility to their scam operations. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I invested $3,500 with Investment Recovery Service after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Markets Authority.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Investment Recovery Service is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Professional looking website
Cons: Blocked my account|No legitimate license|Fake returns
I was about to invest with Investment Recovery Service but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Markets Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
I looked into Investment Recovery Service and found they appear in the regulatory warnings database. Financial Markets Authority has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Cons: Appears in regulatory warnings database|Uncertain regulatory status