Invest Corp foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://investcorp.group/sign-up, about the company's legal and temporary regulatory information, the company's address 169 7LLC 2021,First Floor, First ST Vincent Bank LTD Building, James Street, Kingstown VC0100, St. Vincent and the Grenadines.
Invest Corp, officially known as Invest Corp Group, was established in 2021. The company is headquartered in Saint Vincent and the Grenadines, a jurisdiction often criticized for its lack of regulatory oversight. Invest Corp operates as a private entity, primarily targeting retail clients looking to engage in forex and CFD trading.
The firm claims to have rapidly gained traction since its inception, allegedly serving over 500,000 clients and managing over $20 million in deposits within a short span of time. However, such claims are viewed with skepticism due to the absence of verifiable evidence. The parent company behind Invest Corp is Sailor Consulting LLC, which is also registered in the same offshore jurisdiction.
Invest Corp operates primarily in the online trading market, offering services in forex and CFD trading, which includes various trading instruments such as currency pairs, commodities, indices, and shares. The business model appears to attract clients through high leverage offerings and promotional bonuses, which are often red flags in the trading industry.
Invest Corp is notably unregulated, operating without any oversight from recognized financial authorities. The Financial Services Authority of Saint Vincent and the Grenadines does not regulate forex brokers, leading to significant concerns regarding the safety of client funds.
As of now, there are no regulatory numbers associated with Invest Corp, as it does not hold any licenses that would allow it to operate legally in the financial markets. The absence of a regulatory framework means that clients do not benefit from segregated accounts, a practice that protects client funds by keeping them separate from the brokers operational funds.
Invest Corp has not participated in any investor compensation schemes, which typically provide a safety net for clients in the event of broker insolvency. Furthermore, the firm is expected to comply with basic Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, but the lack of regulatory scrutiny raises questions about the enforcement of these measures.
Invest Corp offers a variety of trading products, including:
The firm does not offer a demo account, which is a significant drawback for new traders looking to practice before committing real funds. The trading services are primarily designed for retail clients, with no indication of specialized services for institutional clients or white-label solutions.
Invest Corp claims to utilize a web-based trading platform, which is often less sophisticated than industry standards like MetaTrader 4 (MT4) or MetaTrader 5 (MT5). The platform lacks essential features that traders expect from reputable brokers, such as advanced charting tools and automated trading capabilities.
The broker does not provide a mobile application for trading, which limits accessibility for traders who prefer to manage their accounts on the go. The execution model remains unclear, with indications that it may operate as a market maker, which can lead to conflicts of interest in trade execution.
The infrastructure behind Invest Corp's trading platform is not well-documented, leaving potential clients in the dark regarding server locations and technical reliability. The absence of API access for automated trading further diminishes its appeal for advanced traders.
Invest Corp offers several account types with varying deposit requirements:
The broker claims to offer competitive spreads, but specific details on spreads and commissions are not disclosed. Leverage options range from 1:20 to 1:100, which may be higher than what is permitted by regulatory standards in many jurisdictions.
Invest Corp does not provide a demo account, which can deter potential clients who wish to test the trading environment before committing funds. Additionally, information regarding overnight fees and minimum trade sizes is not adequately detailed, raising concerns about transparency.
Invest Corp supports a limited range of deposit methods, primarily focusing on cryptocurrency transactions. The minimum deposit requirement varies by account type, starting at $250.
Deposit processing times are stated to be relatively quick, with funds appearing in accounts within 5 business days. However, the broker does not specify any fees associated with deposits, which may indicate hidden costs.
Withdrawal methods are not clearly outlined, but clients may encounter restrictions and delays when attempting to withdraw funds. The withdrawal processing time is also indicated to be up to 5 business days, but clients have reported difficulties in accessing their funds, a common issue with unregulated brokers.
Invest Corp provides limited customer support options, including email and an online contact form. The service hours are not explicitly stated, which may hinder prompt assistance.
The broker claims to offer multi-language support, but specific languages are not listed, leaving potential clients uncertain about the availability of assistance in their preferred language.
Educational resources are minimal, lacking comprehensive training materials, webinars, or tutorials that are essential for new traders. Market analysis services, such as daily updates and research reports, are also not clearly outlined, which could leave clients without critical market insights.
Invest Corp primarily targets clients from Italy, the UK, and the US, among other regions. However, the firm does not provide a clear outline of its operational regions or any specific country restrictions.
The absence of detailed information regarding regional offices further complicates the understanding of its operational footprint. Additionally, potential clients should be wary of investing with a broker that does not explicitly state which countries it does not accept clients from, as this can lead to legal complications in the future.
In summary, while Invest Corp presents itself as a forex broker with a wide array of services, the lack of regulation, transparency, and reliable customer support raises significant concerns. Potential clients are advised to conduct thorough research and consider the risks associated with trading with an unregulated entity like Invest Corp broker.
FX1389515178
Australia
Too many annoying problems. I wrote emails to them to ask for reasons. Now Invest Corp has refunded my money. This is true. But they did not provide any justification why the leverage level was changed and the spread was increased. This is the main reason that caused me the losses. Anyway, it’s not a reliable broker.
37130
2023-03-24