Our review reveals that Brook Castle is a dangerous financial scam that makes people lose money.
What is Brook Castle
Brook Castle supposedly is a fund management firm. It will take your money, invest it and make it grow.
The company offer four investment plans to the public with daily returns between 2 and 7%. Minimum deposits start at 500 USD with the lowest plan and top with 20,000 USD with the highest plan.
But can you trust Brook Castle?
The Brook Castle scam
Unfortunately, you cannot trust Brook Castle, because it is a scam. It certainly is not a legit investment program. All you can expect is the complete loss of funds you invest with this program.
Illegal investment scheme
Brook Castle clearly is an investment service. It collects money from the public under the promise of making it grow thanks to investments on financial markets.
As an investment firm, Brook Castle needs a license valid in every country it wants to have clients in. The first thing it needs is an authorization from the financial regulator of the country where it resides.
But where is Brook Castle from? This is the first red flag, the firm does not even say where it is based, you won’t find any contact information on its website.
Brook Castle is anonymous, and it is no regulated. It is an illegal investment scheme in most countries, its owners are hiding and running away with money people invest with them.
No protection of funds
The official website of Brook Castle states that clients’ funds are held on segregated accounts and that the firm is a member of the Investor Compensation Fund which provides protection to clients’ funds. But none of it is true.
The above-mentioned protection is common for regulated companies. But Brook Castle is not regulated, it does not hold clients’ money on segregated accounts and clients’ money is not protected in any way.
On easy way to spot a scam is to look at the offer. If you see anything like 1% per day or more, you can be sure that it is a scam. And Brook Castle offers way more, up to 7% per day.
That would mean 210% per month, which is totally ridiculous and unachievable for any legit investment firm.
In this case you don’t really need to do a deep research about Brook Castle, all is revealed by the numbers it is displaying with its investment plans.
No positive reviews
The Brook Castle’s website features logos of media like Business Insider, Forbes, CNBC and Coindesk. It might look like that these media have published articles about Brook Castle, but they did not.
Also, the website shows that Brook Castle gets 5-star reviews on Trustpilot, but it is not true either. In fact, you won’t find any true positive reviews of this program, because it is a scam.
One of our readers told us that he lost money with Brook Castle, because it is a fraudulent investment scheme.
If you find anything positive about Brook Castle, you can be sure that it was published by the same people who run this scam.
How Brook Castle works
It seems that Brook Castle started as a Ponzi scheme, which means that it might have been paying. But it was using newer deposits to pay older profits. A typical house of cards that is destined to collapse.
But according to the recent feedback we have, it looks like Brook Castle is not paying at all. Which means that it is not even a Ponzi scheme, it is just a plain scam that takes money from people and gives them nothing in return.
Brook Castle review – the conclusion
Brook Castle is a scam, in illegal investment scheme. It is a black hole where clients’ funds disappear. You have to stay away from it!
If you are interested in legit investing, start on a free demo account with a regulated company. With virtual money you can try trading and not risk anything.
If you decide to invest real money, be sure to understand the risks and to have a proper strategy.