Think of trading with Invofw.com platform? Is this broker a reliable broker to trust? You seem to be uncertain about the broker let’s read Invofw 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 Invofw?
Invofw FX also known as Invofw.com is an offshore brokerage company with a lot of promises for forex traders. The broker claims official United Kingdom, trading market. Interestingly, the broker claims requirement by the Financial Conduct Authority (FCA).
The forex company claims to offer crypto investment services to their clients.
Additionally, the platform offers different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
Is Invofw.com a Scam Forex Broker?
First of, Invofw.com claims its registered address to be in Bristol, the UK and displays an email and phone number. This broker also claims to be regulated by many well-known financial authorities like the Financial Conduct Authority (FCA) of the UK, the Australian Securities and Investments Commission (ASIC), IFSC of Belize and many more.
As far as we’re concerned, this is the one of the most ambiguous yet common remarks made by scammer entities, helping them become as vague as possible but yet retaining the illusion of being legit.
To clear the suspicions, the local FCA, UK does not regulate this broker despite claim of financial authority’s requirements, and there is no record of the brokerage on Financial Conduct Authority, UK database. See yourself —
Furthermore, the platform does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are drawbacks for forex traders to avoid losing money with scam brokers lurking online. 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
Invofw Minimum Deposit
Invofw deposit is indicated $150 according to the account type. The starter account offers a spread starting at 0.1 pip both for EUR/USD and GBP/USD.
In comparison, legitimate brokers clearly spell out its regulation 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, Invofw shows logos of different deposit options like Visa/Mastercards, bank transfers and cryptocurrency transfers. But, the broker actually accepts nothing more than cryptocurrencies – Bitcoin and Tether after we registered.
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!
Invofw Withdrawal Policies and Platform
Invofw 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.
On its website, Invofw offers a simplified platform for trading binary options, a type of trading that is banned by almost all financial regulators because it is associated with many exploits and scams.
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.
The broker Invofw 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.
Honestly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Invofw 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.
It is not far from believing that Invofw.com 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
Verdict:
Invofw located at Invofw.com appears like a trustworthy trading broker, however, you should not take the words they say. It is a non-regulated cryptocurrency broker offering financial services to clients. By all appearances, the advice to traders remains to steer clear from unlicensed forex broker as it 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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