Search

Investax Forex Broker provides real users with * positive reviews, * neutral reviews and * exposure review!

Investax Broker Review

1.24

WikiFX monitor

Business

Influence E

License

No license

Investax Review

Latest All

No comment yet

  

Investax 2025 Review: Everything You Need to Know

  Summary: Investax has garnered significant negative attention as a potential scam broker, with multiple sources highlighting user complaints about withdrawal issues and a lack of regulatory oversight. Key findings suggest that Investax operates without proper licenses, raising serious concerns about its legitimacy and the safety of user funds.

  Note: It is crucial to recognize that there are multiple entities operating under the Investax name, which may lead to confusion. This review takes into account various sources to provide a balanced and accurate assessment of the broker.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 2
Tools and Resources 3
Customer Service and Support 1
Trading Setup (Experience) 2
Trustworthiness 1
User Experience 2

  We evaluate brokers based on user feedback, expert opinions, and factual data from reliable sources.

  

Broker Overview

  Founded in 2024, Investax presents itself as an online trading platform offering a range of financial products. However, it lacks regulation from reputable financial authorities such as the UK's Financial Conduct Authority (FCA) and Italy's Commissione Nazionale per le Società e la Borsa (Consob). The platform claims to provide access to various trading instruments, including currencies, stocks, indices, cryptocurrencies, and commodities, primarily through the TradingView platform. Unfortunately, multiple reports indicate that the broker may be a scam, with users unable to withdraw funds and facing unresponsive customer service.

  

Detailed Analysis

  

Regulatory Background

  Investax operates without any regulatory oversight, which is a significant red flag for potential investors. The FCA has issued warnings against the broker, indicating that it is unauthorized and potentially fraudulent. The absence of a regulatory body means that users have little to no recourse if issues arise, making it a high-risk platform for trading.

  

Deposit/Withdrawal Options

  Investax reportedly accepts deposits via credit cards and payment services like Skrill, though users have expressed concerns over withdrawal difficulties. Complaints include unexplained delays, unexpected fees, and a lack of response from customer support when withdrawal requests are made. This aligns with findings from various sources, including WikiFX, which highlighted withdrawal issues as a common complaint among users.

  

Minimum Deposit

  While specific figures regarding the minimum deposit are not consistently reported across sources, the general consensus is that the broker requires an initial investment, which may vary. However, the lack of transparency around this aspect raises further concerns about the brokers reliability.

  

Bonuses/Promotions

  There is little information available regarding any bonuses or promotional offers from Investax. This lack of incentives could be indicative of a broker that is not focused on attracting and retaining clients through legitimate means.

  

Tradable Asset Classes

  Investax claims to offer a wide range of asset classes, including forex, stocks, indices, and cryptocurrencies. However, the lack of regulatory oversight and the negative user experiences reported suggest that the actual trading environment may not be as robust or secure as advertised.

  

Costs (Spreads, Fees, Commissions)

  Details on the costs associated with trading on Investax are sparse, but reports indicate that users have faced hidden fees and high spreads. The absence of clear information about these costs further complicates the decision-making process for potential investors.

  

Leverage

  There is no specific information available regarding leverage offered by Investax. However, the general practice among unregulated brokers is to offer high leverage, which can increase risk significantly for traders.

  

Trading Platforms Allowed

  Investax utilizes the TradingView platform, which is known for its user-friendly interface and comprehensive charting tools. However, the lack of availability of popular trading platforms like MT4 or MT5 is a drawback for many traders who prefer these established systems.

  

Restricted Regions

  The broker does not provide clear information about restricted regions, but due to its unregulated status, it is likely that it operates in multiple jurisdictions, potentially exposing users to legal risks.

  

Available Customer Service Languages

  Customer service appears to be one of the weakest points for Investax. Users report unresponsive support and a lack of available contact information, which raises concerns about the broker's commitment to customer service.

  

Detailed Breakdown

  

Account Conditions

  Investax received a low score of 2 due to its unregulated status and user complaints about withdrawal issues. Users have reported being unable to access their funds after depositing.

  

Tools and Resources

  With a score of 3, the availability of tools is limited to the TradingView platform. However, the lack of additional resources, such as educational materials or advanced trading tools, detracts from the overall user experience.

  

Customer Service and Support

  Investax scored a mere 1 due to numerous reports of unresponsive customer service, which is a critical aspect for any trading platform. Users have expressed frustration at the inability to get timely assistance.

  

Trading Setup (Experience)

  Scoring a 2, the trading experience on Investax is marred by user complaints about withdrawal difficulties and a lack of transparency, which can lead to significant stress for traders.

  

Trustworthiness

  Investax's trustworthiness is rated at 1, primarily due to its unregulated status and the numerous warnings issued by financial authorities. Users should exercise extreme caution.

  

User Experience

  The user experience is rated a 2, reflecting the negative feedback from users regarding withdrawal issues and poor customer support.

  In conclusion, potential investors should approach Investax with caution. The overwhelming consensus among various sources is that it operates as an unregulated broker with numerous user complaints regarding withdrawal difficulties and customer service. Always ensure to conduct thorough research and consider regulated alternatives for safer trading experiences.