Invest Corp Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
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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.
In the ever-evolving world of forex trading, choosing the right broker is crucial for your success. This comprehensive review of Invest Corp reveals significant concerns regarding its legitimacy, regulatory status, and overall user experience. Despite some claims of a functional trading platform and a variety of trading instruments, the overwhelming consensus is that Invest Corp operates as an unregulated offshore broker, posing considerable risks to investors.
Note: It is essential to consider that Invest Corp operates under various entities across different regions, which could affect the reliability and security of the services offered. This review is based on a thorough analysis of multiple sources to ensure fairness and accuracy.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 2 |
| Tools and Resources | 3 |
| Customer Service and Support | 1 |
| Trading Experience | 2 |
| Trustworthiness | 1 |
| User Experience | 2 |
How We Rate Brokers: Our ratings are derived from a combination of user feedback, expert opinions, and factual data regarding the broker's offerings.
Founded in 2021, Invest Corp, operating under the name InvestCorp.group, is based in Saint Vincent and the Grenadines, a jurisdiction notorious for its lack of regulatory oversight. The broker claims to offer a web-based trading platform, but independent reviews indicate that it lacks the sophistication of industry-standard platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5).
Invest Corp provides access to various asset classes, including forex, commodities, indices, and shares, but the absence of a regulatory license raises serious concerns about the safety of client funds. The lack of transparency regarding its ownership and operations further compounds these issues.
Regulatory Regions:
Invest Corp operates as an unregulated broker, which means it is not subject to oversight by any reputable financial authority. The Financial Services Authority of Saint Vincent and the Grenadines does not regulate forex brokers, making it easy for companies like Invest Corp to operate without accountability.
Deposit/Withdrawal Methods:
Invest Corp exclusively accepts Bitcoin for deposits, which is a common tactic among fraudulent brokers due to the anonymity and irreversibility of cryptocurrency transactions. Users report that the minimum deposit is set at $250, which is relatively high compared to many legitimate brokers.
Minimum Deposit:
The minimum deposit to open an account with Invest Corp is reported to be $250, which is a standard figure in the industry, but it raises concerns considering the broker's lack of regulation.
Bonuses/Promotions:
While Invest Corp advertises bonuses for new clients, the terms and conditions for withdrawal are often vague or undisclosed. This is a typical red flag in the forex industry, as many unregulated brokers use bonuses to trap clients into meeting unrealistic trading volume requirements before they can withdraw their funds.
Asset Classes Available:
Invest Corp claims to offer a range of trading instruments, including forex pairs, commodities, indices, and shares. However, the actual trading environment is reportedly limited, with high spreads and limited access to advanced trading tools.
Costs (Spreads, Fees, Commissions):
The spreads offered by Invest Corp are reported to be as high as 3 pips for major currency pairs, which is significantly above the industry standard. Legitimate brokers typically offer spreads below 1.5 pips for similar pairs. This indicates that trading costs could be detrimental to traders' profitability.
Leverage:
Invest Corp offers leverage of up to 1:200, which is significantly higher than what regulated brokers provide. This level of leverage is particularly risky for inexperienced traders and could lead to substantial financial losses.
Allowed Trading Platforms:
The broker claims to provide a proprietary web-based trading platform. However, many reviews indicate that this platform is rudimentary and lacks the functionalities of established platforms like MT4 and MT5, which are preferred by traders for their advanced features and capabilities.
Restricted Regions:
Invest Corp does not provide specific information on restricted regions, but it is known to accept clients from various countries, including the US and EU, which raises further concerns about its regulatory compliance.
Available Customer Service Languages:
Customer service options appear to be limited, with no clear indication of support availability in multiple languages. This lack of transparency can be frustrating for non-English speaking clients.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 2 |
| Tools and Resources | 3 |
| Customer Service and Support | 1 |
| Trading Experience | 2 |
| Trustworthiness | 1 |
| User Experience | 2 |
Account Conditions:
Invest Corp provides a basic account structure with limited options. The absence of a demo account and transparency in terms of account types further diminishes its appeal.
Tools and Resources:
The broker's website lacks essential educational resources and trading tools that are typically offered by reputable brokers. This deficiency can hinder traders' ability to make informed decisions.
Customer Service and Support:
Users have reported poor customer service experiences, including delayed responses and lack of support for withdrawal requests. This is a significant concern, especially for clients facing difficulties with their accounts.
Trading Experience:
The trading experience with Invest Corp is marred by high spreads and a lack of advanced trading tools. The web-based platform is deemed inadequate for serious traders.
Trustworthiness:
The absence of regulatory oversight and the broker's offshore status contribute to a low trust rating. Many reviews classify Invest Corp as a potential scam, advising traders to proceed with caution.
User Experience:
Overall user experience is negatively impacted by the broker's lack of transparency and functionality. Many users report feeling misled by the broker's claims.
In conclusion, the Invest Corp review indicates that potential traders should exercise extreme caution when considering this broker. The lack of regulation, high trading costs, and poor customer service experiences are significant red flags that should not be ignored. It is advisable to seek alternatives with a proven track record and regulatory oversight to ensure the safety of your investments.
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