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Invert Plus Review - is it scam or safe?

Invert Plus review - Is invertplus.com scam or good forex broker?

RATING: 1 / 1 REVIEWS ForexBrokerz Invert Plus
Invert Plus is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


Invert Plus is forex and CFD broker offering a good selection of trading instruments, including CFDs on a variety of assets, notably crypto coins and over 50 currency pairs. All that is available with a choice of six account types on a web based trading platform. However, we have some serious issues with the regulatory status of the broker and its legitimacy as a whole, so if you are planing to open an account with them be sure to read this review first.

 

Account type Min. deposit Max. leverage Spreads
Mini Account $500 1:200 3,6 pips, floating
Bronze Account $5000 1:200 n/a
Silver Account $10 000 1:200 n/a
Gold Account $25 000 1:200 n/a
VIP Account $100 000 1:200 n/a
Premium Account $250 000 1:200  n/a

 

Invert Plus Advantages:

 

Great variety of trading instruments

 

As we already noted the choice of trading instruments with Invert Plus is really good. They offer more than 50 forex pairs, with a number of exotic currencies like Hungarian Forint, Israeli Shekel, Mexican Peso, Polish Zloty, Russian Rubble, Chinese Yuan, Singapore Dollar, Turkish Lira, South African Rand, Honk Kong Dollar, Norwegian Krone, Swedish Krona and Danish Krone.

 

On their trading platform we found also CFDs on 23 indices, stocks, bonds, ETFs, spot metals like  platinum, palladium, silver and gold, lots of commodities including coffee, cotton, orange juice, soybean, sugar, wheat, cocoa, oil and natural gas and all major crypto coins – namely Ethereum, Ethereum Classic, EOS, Dash, Bitcoin Gold, Bitcoin, Bitcoin Cash, Cardano, Zcash, Ripple, Monero, Stellar, Qtum, Tron, NEO, Litecoin and IOTA, Still, here you may also check our list of brokers, offering Bitcoin CFDs:

 

>>Bitcoin Forex Brokers<<

 

Leverage if up to 1:200

 

After in early August the European Securities and Markets Authority (ESMA) caped the maximum leverage allowed on the European market at 1:30, higher leverage, as offered by  Invert Plus, became quite exotic. 

 

Have in mind, however, that higher leverage should be use with extra caution as it can easily erase your funds, if the market swings in the wrong direction.

 

Invert Plus Disadvantages:

 

No regulation

 

Invert Plus is owned and operated by BALI LIMITED – a company based in Bulgaria, which unfortunately does not have a license to provide financial and brokerage services. Actually, there is not a single word about regulation in the Invert Plus presentation and after we checked the registers of the Bulgarian Financial Supervision Commission, it turned out the broker is not regulated neither in Bulgaria nor any where else in the European Union.

 

We should note that proper regulation is the single most important factor for the safety of any investment on the retail forex market. 

 

Brokers, regulated by respected institutions such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC) have to file regular financial reports, to allow external audits, to maintain a minimum level of operational capital and to keep all clients funds in a segregated, protected form creditors account. In certain cases brokers are even obliged to insure traders money.

 

Traders with FCA regulated brokers, for instance, can receive back up to 50 000 GBP of their trading capital in the event, their broker is unable to pay. A similar compensation scheme with all CySEC brokers guarantees a refund of up to 20 000 EUR. 

 

Here you may check our list of FCA regulated brokers:

 

>>FCA Regulated Forex Brokers<<

 

Uncompetitive spreads

 

We checked the Invert Plus trading platform and the benchmark EURUSD spread was as high as 3,6 pips, which is almost three times the average spread, traders would usually expect with a standard account. Here you may also check our list of brokers, offering tighter spreads:

 

>> Lowest spread forex brokers<<

 

MetaTrader4 not supported

 

The web based trading platform, offered by Invert Plus is rather simplified and lacks many standard features, available with classic trading solutions like the MetaTrader4.

 

 

For example you can not run automated trading sessions and you can not modify your market indicators, which is definitely a setback. Here you may check our list of brokers, supporting the MetaTrader4:

 

>>MT4 Brokers<<

 

Unusual withdraw conditions

 

Have in mind that if you accept a bonus, offered by Invert Plus, in order to be eligible to withdraw, you will have to reach a certain trading volume, calculated by the formula: 30 times the volume plus the deposit. We should note that this is not a standard practice. A trading volume requirement might be attached to the bonus itself, but not to the money, you have deposited.

 

 

Unacceptably high minimum deposit requirement

 

In order to open a trading account with Invert Plus you have to invest at least 500 USD and that, in our opinion, is excessive. Have in mind that with most brokers you can open a trading account with about 250 USD, while with some big, well established names like FBS and IG, you can start trading with just 5 USD.

 

Conclusion:

 

Unfortunately, Invert Plus is not a reliable broker and we do not advise you to trust your money with them. As we already discussed proper regulation is crucial for the safety of your investment and it can be guaranteed by properly regulated brokers only.

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Traders` reviews for Invert Plus

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