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Invest Trader Review - is it scam or safe?

Invest Trader Review - is Invest Trader scam or good binary options broker?

RATING: 1 / 0 REVIEWS Invest Trader
Invest Trader is not regulated. We cannot guarantee your money is safe.

Trading Accounts & Conditions

 

Account type Minimum deposit  Expiry Times Payout %
Micro  $100 30 sec – 4 hours Up to 80%
Mini  $250 30 sec – 4 hours Up to 80%
Standard  $500 30 sec – 4 hours Up to 80%
Premium  $1 000 30 sec – 4 hours Up to 80%

 

Invest Trader offers trading in binary options on its web-based proprietary platform via he above account types. Its trading conditions are not that clear, but it appears that payouts amount up to 80%.

 

You may be tempted by easy and rapid returns, but make sure to check whether the company is trustworthy first. That being said, Invest Trader does not seem like a reliable broker. Read on to understand why.

 

 

Invest Trader Advantages            

 

Solid selection of cryptocurrencies available

One of the few things we liked about Invest Trader is the fact that it offers trading in many cryptocurrencies, apart from forex and precious metals. There are more than 40 pairs available for trade with this broker, including some of the most popular digital assets: Bitcoin, Ethereum, Dash, Zcash, Monero, Litecoin, and Ripple.

 

If you are a crypto enthusiast, however, you’d better trade digital assets like Bitcoin on a major crypto exchange or with a licensed forex broker that also offers CFDs on Bitcoin and other altcoins.

 

 

>> Regulated brokers offering Bitcoin trades <<

 

 

Invest Trader Disadvantages

 

Inconsistent corporate info, false regulation claims

The most serious drawback of this binary options broker is the fact that it tries to mislead potential clients that it is a well-regulated company.

 

At the bottom of the home page of Invest Trader’s website one can read that “Invest Trader is a company whose activity is regulated by the Cyprus Securities and Exchange Commission and Exchange Commission (CySEC), number 248/16, Hottrade Investments Ltd.”

 

On the other hand, the About US section of investrader.net contains quite different information, according to which the brand is operated by XFCO TRADING LTD, a company with registered address in Nicosia – Cyprus.

 

Actually, it does not matter which of the two companies operates the Invest Trader brand, as none of them is licensed by CySEC, nor by any other financial regulator. As a matter of fact, investrader.net website is even included in the list of non-approved domains of CySEC. The Cypriot financial watchdog enlists sites which are not owned or operated by Cyprus Investment Firms (CIFs) and are therefore not authorized to provide investment services.

 

 

No CFDs on indices, commodities & stocks

Although Invest Trader offers trading in more than 40 pairs, including the most popular cryptocurrencies, it does not offer other traditional trading instruments, such as Contracts-for-Difference (CFDs) on commodities, indices or stocks.

 

Oversimplified platform

 

Most binary options brokers offer its services on web-based platforms and Invest Trader is no exception to that. The trading interface offered to its clients very intuitive, but oversimplified and lacking any advanced features other platforms provide. Here is a snapshot:

 

 

Invest Trader’s platform. Click to zoom in.

         

Payouts not that high

Payouts at Invest Trader amount to 80%, if an option expires in-the-money. Such percentage is actually not that high, as most brokers offer 83% - 87% in payouts.

 

Withdrawal fees and requirements

In the broker’s Terms and Conditions, we read that withdrawals via bank wire are charged with a processing fee of $25 and that in order to be able to withdraw, each client has to make at least 50 trades. In our opinion, trading volume requirements like this are unnecessary and unfavorable to traders.

 

Some brokers set similar volume trading requirements, but only for non-deposited funds, such as bonuses. Even those are considered unfair trading practices, as ESMA banned trading incentive promotions used by brokerages that are tied to trading volumes.

 

No long-term options

Invest Trader offers trading in options that are mostly short term (30 seconds – 4 hours).  Most traders will do better if they start out with longer term options which last a few hours or even days, and then work their way up to 30/60 seconds.

 

 

Conclusion

 

Invest Trader offers binary options trading with a focus on cryptocurrencies. Its website is available in Russian, but also has an English language version. We don’t recommend investing with it because, whichever the company behind the brand, it is not regulated, despite the claims.

 

In fact, now that ESMA has banned binary options altogether (as of July 2, 2018), there have remained no reliable regulators in this sector. Previously, most regulated binary options brokers were holding licenses from the Cyprus Securities and Exchange Commission (CySEC). That is why we suggest that investors turn their attention to forex and CFD brokers, whose offering is similar.

 

 

>> Find the best CySEC-regulated forex brokers <<

 

 

To sum up the above:
 

Pros Cons
Solid choice of cryptocurrenci Inconsistent corporate info
  False regulation claims
  No CFDs on indices, commodities and stocks
  Trading volume requirements for withdrawals
  Oversimplified platform
  Payouts not that attractive

 

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