INVESTFEED Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
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This broker is missing... I have persisted with phone calls and now emails where I am now totally ignored, and that includes my email requests to customer service. Any questions I have asked customer service have been ignored. The situation is extreme, disgraceful and a ploy to extract as much money as they can.
Investfeed presents itself as a trading platform that offers a variety of services to traders, but a closer examination reveals a number of concerning factors. The overall sentiment surrounding Investfeed is predominantly negative, with multiple sources indicating that it operates as an unregulated offshore broker. Key features such as high leverage and a lack of regulatory oversight raise significant red flags for potential investors.
Note: It is essential to recognize that Investfeed operates under various entities across different regions, which complicates its regulatory status and raises concerns about the safety of funds. The following review employs a comprehensive approach, drawing from multiple sources to ensure accuracy and fairness.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 4 |
| Customer Service and Support | 2 |
| Trading Experience | 3 |
| Trustworthiness | 1 |
| User Experience | 2 |
How We Rate Brokers: Our ratings are based on an analysis of user experiences, expert opinions, and factual data concerning regulatory compliance and trading conditions.
Founded in 2020, Investfeed is operated by Lengvin Partners Ltd, which is registered in Saint Vincent and the Grenadines. The platform primarily offers the popular MetaTrader 4 (MT4) trading platform, known for its user-friendly interface and robust charting tools. However, it is crucial to note that Investfeed does not hold any licenses from reputable regulatory bodies, which puts its legitimacy into question. The broker claims to provide access to various asset classes, including stocks, foreign currencies, indices, and commodities, but the lack of oversight raises concerns about the safety of these investments.
Regulated Areas: Investfeed operates as an offshore broker, specifically registered in Saint Vincent and the Grenadines, a jurisdiction known for its lax regulatory environment. This lack of regulation means that the broker is not subject to the same stringent oversight as those operating in more regulated regions, such as the European Union or the United States.
Deposit/Withdrawal Methods: The platform accepts deposits via bank wire and credit/debit cards, such as Visa and Mastercard. Notably, credit card payments offer some level of protection, allowing users to file for chargebacks in the event of fraud.
Minimum Deposit: The minimum initial deposit required to open an account with Investfeed is $250, which is relatively standard for many brokers. However, this entry point does not guarantee a secure trading environment.
Bonuses/Promotions: Investfeed offers bonuses that are often viewed as a tactic to attract new clients. However, the terms for withdrawing bonus funds are stringent, requiring traders to trade a minimum of 25 times the bonus amount before any withdrawals can be made.
Tradeable Asset Classes: The broker claims to offer a diverse range of assets, including forex pairs, indices, commodities, and stocks. However, the absence of clear information on the specific assets available raises questions about the platform's transparency.
Costs (Spreads, Fees, Commissions): The spreads offered by Investfeed are reportedly high, with the EUR/USD pair showing a spread of around 1.9 pips, which is above the industry average of 1.0 to 1.5 pips. Additionally, there are hidden fees, including a monthly 10% charge on dormant accounts, which can quickly erode any potential profits.
Leverage: Investfeed offers leverage up to 1:500, which is significantly higher than what is allowed in many regulated markets, such as the EU and the UK. This high leverage can lead to substantial losses, particularly for inexperienced traders.
Allowed Trading Platforms: The primary trading platform provided by Investfeed is MetaTrader 4. While MT4 is a reputable platform, the lack of regulatory oversight on Investfeed diminishes its appeal.
Restricted Regions: As an unregulated broker, Investfeed may target clients in various regions, including Europe, despite not being authorized to do so. This raises concerns about the legality of its operations.
Available Customer Support Languages: Investfeed offers customer support in multiple languages, including English, Russian, German, Italian, Spanish, Turkish, Croatian, and more. However, the effectiveness of this support is questionable given the overall negative feedback regarding the broker.
Account Conditions (Score: 3): The account conditions are not favorable, with high minimum deposits and stringent withdrawal requirements tied to bonuses.
Tools and Resources (Score: 4): While the MT4 platform provides useful tools, the lack of educational resources and market analysis limits its effectiveness for traders.
Customer Service and Support (Score: 2): User reviews indicate poor customer support, with many clients reporting difficulties in obtaining timely assistance.
Trading Experience (Score: 3): The trading experience is marred by high spreads and potential hidden fees, leading to increased trading costs.
Trustworthiness (Score: 1): The absence of regulatory oversight and numerous negative reviews contribute to a low trust rating for Investfeed.
User Experience (Score: 2): Overall user experience is negatively impacted by the broker's unregulated status and poor customer service.
In conclusion, the Investfeed review highlights significant concerns surrounding the broker's legitimacy and trustworthiness. The combination of unregulated operations, high trading costs, and poor customer service suggests that potential investors should exercise extreme caution and consider alternative, regulated brokers for their trading needs.
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