AMWatch

Investment app with big promises slammed: "In my view, it is a scam"

Stockinvest promises weekly returns of 2-3 percent through daytrading. Critics believe that the company's promises are unrealistic.

Photo: Thomas Borberg/Ritzau Scanpix

In its marketing campaigns on social media, Danish investment app Stockinvest claims that they generate 2-3 percent returns a week for customers, simply by day trading and without using gearing or speculating on the market.

Danish business daily Børsen has spoken to a number of observers who are very critical of Stockinvest's marketing, which also includes a simulation model of a EUR 1,341 (DKK 10,000) investment growing to EUR 6,238 (DKK 46,509) over the course of a year - a 365 percent return.

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