Invotrade has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to VQinvest. We’ve received over 3 complaints against Invotrade.
Invotrade claims to be an award-winning forex broker, yet it lacks transparency and regulation. It refuses to reveal operational information, legal paperwork, and regulatory permits. Numerous cautions and unfavorable reviews suggest it could be a unreliable. Select regulated brokers to safeguard the safety of your assets.
We suggest working with a trustworthy broker with specialized staff, latest tech and most importantly, customer-centric trading conditions. After reviewing 1000+ brokers, we rank the following company as the best:
Key Takeaways
Is Invotrade Regulated? Do They Have a License?
Invotrade claims to be an award-winning forex broker with a global reach. However, a straightforward fact-check exposes a lack of data to back up these claims. In this analysis, we’ll look at why it’s critical to exercise caution and investigate more reputable brokers.
A respectable financial services supplier will disclose complete information about its business, including location and licensing. Genuine brokers also provide access to extensive legal documents. The absence of these characteristics frequently suggests a possible hoax.
Invotrade does not reveal the firm that operates the website, nor does it allow access to critical papers such as Terms & Conditions or a Customer Agreement. This lack of openness is a red flag, indicating that it may not be a reputable broker. Furthermore, a check with key financial regulators reveals that no regulated broker uses the Invotrade name or domain.
Russia’s financial regulators have issued a warning that Invotrade is not a regulated financial services business. This emphasizes the importance of avoiding unregulated brokers and instead choosing those regulated by recognized institutions such as the Commodity Futures Trading Commission (CFTC) in the United States, the Australian Securities and Investments Commission (ASIC), the UK’s Financial Conduct Authority (FCA), or the Cyprus Securities and Exchange Commission (CySEC).
Clients of regulated brokers are protected in numerous ways, including negative balance protection and the separation of client funds from broker funds. In the EU and the UK, brokers must participate in guarantee schemes that cover a portion of the trader’s investment if the broker goes bankrupt. These plans offer up to €20,000 in the EU and £85,000 in the UK. Furthermore, regulated brokers must maintain a high level of net capital to ensure financial stability.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Invotrade might be a scam or most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Invotrade, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Invotrade
Invotrade provides a web-based trading platform with minimal functionality for placing orders, modifying charts, and using technical indicators. However, it lacks advanced features seen in industry-standard platforms such as MetaTrader 4 (MT4) and MetaTrader 5. These platforms provide a variety of capabilities, including bespoke scripts for automated trading and backtesting trade methods.
The existence of a trading platform does not imply authenticity. Many scammers use rigged trading software to trick victims into thinking their money is being invested. As a result, the sheer existence of a trading platform should not be interpreted as evidence of credibility.
Invotrade does not require a minimum deposit. In contrast, prominent industry brands provide newbie traders with starting accounts that require relatively minimal minimum deposits. This lack of knowledge is another reason to exercise caution.
At the time of writing this review, the deposit menu on Invotrade’s website was inactive, making it impossible to determine the payment options. Fake brokers frequently advertise traditional payment methods while steering customers toward cryptocurrency transactions, which provide anonymity and make it harder to request a refund.
Legitimate brokers often provide a diverse selection of transparent payment options, including bank transfers, credit/debit cards, and well-known e-wallets like PayPal, Skrill, and Neteller.
Invotrade’s platform supports trading of equities, currencies, indices, commodities, and cryptocurrencies. However, the FCA prevents UK-based brokers from offering retail clients crypto CFDs trading, casting more question on Invotrade’s validity.
Invotrade’s trading platform displays a 0.1 pip spread, implying additional trading charges. However, Invotrade does not disclose the actual fees incurred by the trader, which contributes to the lack of transparency.
Invotrade claims to offer leverage of up to 1:200, which is significantly higher than the limitations set by regulators in the UK, EU, Australia, and the United States. High leverage is only available to professional clients who meet high financial and experience criteria.
Invotrade’s lack of publicly disclosed Terms and Conditions and Client Agreements suggests that company may have hidden costs and restrictive withdrawal terms. Legitimate brokers do not impose such restrictions on their customers.
However, it’s worth noting that many forex scams disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, shady forex brokers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
To avoid such scenarios, it’s best to work with a reliable and trusted broker.
Invotrade Customer Service: Do They Handle Complaints Well?
When it comes to forex brokers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, shady brokers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Shady brokers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
Invotrade Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Even if Invotrade might not be a scam, brokers like them rely on fake reviews to increase their credibility.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust the online Invotrade reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Invotrade, chances are, you wouldn’t find many legitimate reviews.
Another prominent way brokers like Invotrade enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Invotrade reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Invotrade.
You should always look out for consumer complaints. In the case of Invotrade, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Invotrade? You can share your complaint in the comment section or submit an anonymous tip.
Is Invotrade Legit Or a Scam?
Invotrade’s lack of openness, regulatory warnings, and the absence of required legal papers indicate that company is not a reliable broker. It is critical to select a qualified and regulated broker to safeguard the security of your investments. Be wary and avoid possibly fake websites such as Invotrade.
Invotrade is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Invotrade can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Invotrade?
All the evidence suggests that Invotrade might be a scam. You shouldn’t risk your funds with a broker you don’t fully trust.
That’s why we recommend working with a trusted broker. That way, you can avoid any hiccups and be certain of
Frequently Asked Questions
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How Forex Scams Work
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
