Heard of Invescogbp.company trading platform? Really want to find more details before choosing the broker? You can carefully read the InvescoGBP reviews to know about this forex broker whether to use or not.
This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
What is InvescoGBP FX?
InvescoGBP FX otherwise known as Invescogbp.company is an offshore brokerage with a lot of promises for forex traders. The forex company claims a registered address in London.
At the foot of the website, the broker claims to be authorized and regulated by FCA (Financial Conduct Authority).
InvescoGBP offers different account type such as —
Further, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
What We Discovered about Invescogbp.company Broker
First of, Invescogbp.company claims to be licensed by some of the strictest, most respected financial regulators in the world – the UK’s FCA, the Cypriot CySEC, and the Italian CONSOB. Meanwhile, the broker was supposedly based in London.
Just to appear a trustworthy broker, we see a company name and an image of this alleged licence – Invesco CoinShares Global Blockchain UCITS ETF.
In order to clear the suspicion, a check on this regulator’s database reveals that this licence is a fake. The FCA specifically warns that InvescoGBP is not an authorised broker. See yourself —
More so, this broker does not provide access to Terms and Conditions, Client Agreement or Privacy Policy.
These are drawbacks for forex traders/ clients to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
InvescoGBP Minimum Deposit
InvescoGBP deposit is specified $150 according the account type.
In contrast, licensed FX brokers clearly spell out their regulations and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
As for the funding methods, we didn’t find any information on the Invescogbp.company regarding available payment methods and transaction fees.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
InvescoGBP Trading Platform And Withdrawal process
InvescoGBP withdrawal leaves us with no specific information on withdrawal fee nor processing days on withdrawal request. The broker provides no clear description on trade requirements that must be met before a withdrawal.
As for InvescoGBP trading platform, the broker offers a web based software. When we tried installing the software, we were informed that the installation file the broker was not safe since it might contain viruses.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
InvescoGBP leverage can get up to 1:500. This is not a level that you see with regulated brokers. Trading with high leverage allows higher profits, however, it equally increases the risk of sudden and excessive losses. All leading regulators limit leverage for retail traders. In the EU, UK and Australia the maximum permitted level is 1:30 and in the US it is 1:50.
Frankly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
InvescoGBP FX Licensing and Regulation
Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.
Having said that, it is not far from believing that Invescogbp.company is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Final Thoughts:
InvescoGBP located at Invescogbp.company appears like a safe and trusted forex broker, howbeit, you should not take the words they say. It is a non-regulated cryptocurrency broker offering financial services to clients. From all indications, we advise traders to steer clear from the unlicensed broker as they likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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