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InvestTeck Review - is it scam or safe?

InvestTeck review - Is investteck.com scam or good forex broker?

RATING: 1 / 14 REVIEWS InvestTeck
InvestTeck is an offshore broker. Your money is not safe.

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Although InvestTeck claims to be a regulated broker, they are not. The company behind the website is registered in Estonia, but does not have a license to offer financial services in the European Union or on other regulated markets like the US, Australia or Japan. 

 

Trading account  Min. deposit Max. leverage Spread
Basic Account $250 1:200 3 pips, fixed
Silver Account $5000 1:200 n/a
Gold Account $50 000 1:200 n/a
Platinum Account $100 000 1:200 n/a
Diamond Account $500 000 1:200 n/a

 

InvestTeck Advantages:

 

Comprehensive selection of trading instruments

 

We usually start our reviews with the possible advantages about the broker. In the case of InvestTeck we should note the fine selection of currency pairs – over 50, many of which crosses, minor or exotic like USDRON, USDHUF, USDPLN, USDCNH, USDRUB, USDTRY, USDZAR, USDHKD, USDILS, USDMXN, USDDKK, USDSEK, USDNOK, USDSGD and USDCZK. 

 

In addition on their trading platform we came across a number of CFDs on various stocks, 5 indices, oil, natural gas, gold, silver, platinum, some agricultural commodities and major crypto coins like Bitcoin, Dash, Litecoin, Ethereum and Ripple. But if you are tempted by the idea of trading crypto, here you may check our list of brokers offering bitcoin CFDs as well:

 

>>Bitcoin Forex Brokers<<

 

Leverage as high as 1:200

 

Since ESMA, the European Securities and Markets Authority caped the maximum leverage allowed with forex transactions on the European market, currently only offshore brokers and brokers regulated in Australia still offer unrestricted leverage to their clients. 

 

So if you really want to trade with higher leverage despite the risks, here you may also check our list of brokers regulated by the Australian Securities and Investments Commission (ASIC):

 

>>Brokers regulated in Australia<<

 

Acceptable minimum deposit requirement

 

To open a trading account with InvestTeck  you will have to deposit at least 250 USD and that is more or less what other brokers would ask as an initial investment. Still have in mind that with some big market players like FBS and IG you will be able to open a trading account with virtually 5 USD or even less.

 

InvestTeck Disadvantages:

  

No license

 

InvestTeck is owned and operated by  GreenRiver OU, a company with contact addresses in Estonia and Ireland. 

 

Bear in mind that all companies offering financial services in the European Union should hold a legit license by an official EU regulator such as the Financial Conduct Authority (FCA) in the UK, BaFin in Germany, the Central Bank of Ireland, the Cyprus Securities and Exchange Commission (CySEC) or the state back regulator in Tallinn, Estonia. 

 

InvestTeck does not have such a license, but instead is trying to win the trust of its customers with “a license”, issued by an organization called The International Financial Services Commission (IFSC). Unfortunately IFSC is nothing more than an anonymous website, lacking legitimacy whatsoever, notorious for giving fake credentials to scam brokers.

 

With all that in mind our best advise is to stick with properly regulated brokers, like the ones regulated by the FCA, which you can find here:

 

>>FCA Regulated Forex Brokers<<  

 

Trading bonuses with unusual withdraw conditions

 

InvestTeck will offer you a 200% welcoming trading bonus, and although that might sound as a fantastic news, in reality it will simply provide the broker with an excuse to cancel your withdraw requests until you fulfill a minimum trade volume requirement equal to 2 000 000 USD for every 500 USD you have received as a bonus. The practice is highly controversial and is basically banned throughout Europe altogether.

 

Various additional fees 

 

InvestTeck charges a 3,5% (not less than 30 USD) service fee on each withdrawal, as well as a 7,5 USD monthly maintenance fee, and a  profit clearance fee of between 1,5 USD and 5 USD on each successful trade. 

 

On top of that InvestTeck will charge you a trade commission if your trading volume is under 1 000 000 USD and an additional fee for any withdraw via a credit card. Bear in mind that such fees are not usual with legit brokers.

 

Few payment methods 

 

The only payment methods available with InvestTeck are VISA, MasterCard, BPay and bank wire. E-wallets like Skrill are not available and that is worth mentioning, because of the new anti scam policy adopted by the money processing company, according which its services can be offered only by properly authorized brokers. As we noted, InvestTeck does not have a legit license.

 

High spreads

 

We tested the InvestTeck trading platform with a demo account and we were not impressed by the spreads – the benchmark EURUSD spread was fixed at 3 pips and that is at least twice the level brokers would usually view as attractive. So here you may check our list of brokers offering tighter spreads as well:

 

>> Lowest spread forex brokers<<

 

 MetaTrader4 not supported

 

That is another negative pint. InvestTeck offers an overly simplified web based trading platform lacking many standard features readily available with classic trading solutions like the MetaTrader4. 

 

 

 

For example with MT4 you can easily run automated trading sessions with specially designed, modifiable trading robots and market indicators. Here you may also check our list of brokers, offering MT4:

 

>>MT4 Brokers<<

 

Conclusion:

 

InvestTeck is not a properly regulated broker and your funds will not be safe in their hands. Unfortunately most unregulated brokers are involved in scam so our general advice is to trade only with brokers licensed and authorized by respectable institutions, such as the FCA in the UK, ASIC in Australia or CySEC in Cyprus.

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Traders` reviews for InvestTeck

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

No response if you rejected their service

When you request to redraw the initial amount, no response and reply.

Mic 08/16/2019

Ik ben bedrogen door Investteck

Ik ben bedrogen door investteck. Heb in totaal 30K gestort op hun rekening. In verschillende schijven. Telelens werd me beloofd dat ik het geld de week erop allemaal terug zou krijgen. Niets is minder waar. Ze liegen constant. Ik ben zwaar financieel genomen door die gasten. Ze kunnen alles goed uitleggen. Ze hebben een document in verband met de bonusregeling onder mijn neus geschoven die ik getekend zou hebben. Maar het is mijn handtekening niet! Ik wacht op mijn uitbetaling die ik hoop ooit terug te zien. Ik ga deze week nog naar de politie voor aangifte. Het zijn grote bedriegers. Investeer geen euro in die firma. Elke keer maar bellen om geld te kunnen krijgen en beloven dat je het snel zal terug hebben. En ja ze maken op heel korte termijn erg veel winst, maar ik denk dat dit niet klopt. Ben er erg stom in gelopen. Ik kan mezelf de kop in slaan. Zoveel geld. Nog geen idee op welke manier ik mijn geld kan terugkrijgen. Hoe dan ook onderneem ik stappen naar alle mogelijke diensten. 6

Translated by Google:

I was cheated by investteck. Have deposited a total of 30K into their account. In different discs. Telephoto lens I was promised that I would get the money back the following week. Nothing is less true. They constantly lie. I am heavily financially taken by those guests. They can explain everything well. They have put a document about the bonus scheme under my nose that I would have signed. But it's not my signature! I am waiting for my payout that I hope to see again someday. I'm going to the police this week for a report. They are big cheaters. Do not invest a euro in that company. Call every time to get money and promise that you will get it back soon. And yes they make a lot of profit in the very short term, but I think this is not right. I got stupid. I can hit myself in the head. So much money. No idea yet how I can get my money back. Anyway I take steps to all possible services. 6

Dries 08/14/2019

Total con!

Invested in April 19 on the back of TV endorsement. They took my money assuring me I could sit back and they would work for me but never even invested my money. They deducted £50 every few weeks. On 'Live chat' they said the deductions were for 'non activity charges'. Several 'live chats' later and calls to customer service, who promises to pass on for a call back from "MY analyst" never happened. THEY ARE A TOTAL CON!! AND CUSTOMER SERVICE ARE USELESS. I have lost my entire investment and there is no way to contact anyone in the actual, so called company..DO NOT INVEST WITH THESE FRAUDSTERS!!

Michelle Evans 08/13/2019

InvestTeck Superbluffare

Dom lyckades övertala mig att sätta in pengar med löfte att jag kunde prova på en vecka och få pengarna tillbaka om jag inte kändemig bekväm med det. Har nu försökt få tillbaka mina pengar i ett halvår,det är omöjligt. Bara en massa ursäkter hela tiden. Investera inte i detta bluff företag.

Translated by Google:

Super Scammers
They managed to persuade me to deposit money with the promise that I could try for a week and get the money back if I didn't feel comfortable with it. Have now tried to get my money back for six months, it is impossible. Just a bunch of excuses all the time. Do not invest in this scam company.

PA 08/13/2019

Investteck is pure oplichterij

Helaas ben ik in deze oplichtingsbende gestapt. 1386 euro geinvesteerd, wil mijn geld nu terug, maar dat kan niet omdat ik getekend zou hebben voor een bonus enzovoorts. Alleen teruggave geld mogelijk als je een groot bedrag gaat investeren. Ik ga er van uit dat ik mijn geld niet meer terug ga zien helaas. ?Ze opereren inmiddels onder wwww.invessteck.net in plaats van www.investteck.com
Doe hier geen zaken mee!!!!!!!!

Translated by Google:

Unfortunately I joined this scam gang. I have invested 1386 euros, now want my money back, but that is not possible because I would have signed for a bonus and so on. Only money back is possible if you are going to invest a large amount. I am assuming that I will not see my money back, unfortunately. They now operate under wwww.invessteck.net instead of www.investteck.com
Do not do business with this !!!!!!!!

Adriën Kant 08/12/2019

Thieves

Don't fall for the celebrity recommendations. Investteck people are expert scammers and should all be put in prison. I'm not sure why they are still out there?

Niki 08/06/2019

Withdrawing funds from InvestTeck

I signed up for Plus500- for some reason I then was linked to Investteck
my deposit of $250.USD was put in acount and then traded- basic account.
After being contact each day by a different broker? Asked to put $0000.00 more money in as cant make money on $250.00USD (brokers advice)
I asked to withdraw the $285.00 it had grown to.
Adviced will be refunded in 7 working days

That wasJuly- 14 days later was advised it would be the 5th August i would recieve. Still waiting?

carey ryan 08/06/2019

Scammers

I was directed to their site via fake celebrity recommendations. If that’s not a scam I don’t know what is...

Rob 07/29/2019

They take my money via any desk

Fraude traders

Romain Stallaert 07/15/2019

What can be done if we are cheated by InvestTeck

The InvestTeck keeps asking me to send them verification documents and I did send them mine as I hope they will refund me the money after I send them the verification documents. Now I am afraid. I don't know what they will do after having my verification documents.

I tried to withdraw $250 from my account and cancel my account but they keep using different excuses to make me not able to get back my money. So far I still cannot get my money back.

Ruby Yang 07/09/2019

fraud by investteck

if you put money in this company you wil never get your funds back!maybe thay give you some profit to make you put more money each time but you must say goodbye to your funds.if you ask your funds back and say you want stop and close account than thay wil change your account manager only and ask you to try again if no than thay wil stop contact you and not answer you means you lost your money.people talk with you with fake name and id .billing email is fake your email wil return to you each time.never do business with investteck.thay are criminals.

jo jons 06/10/2019

Scammers - Don't be fooled

I invested $250 then I made like $600 I try withdrawing
But they always decline your withdrawal they are
Scammers and big thieves!Don't be fooled and
Give them your money!

Pope 06/09/2019

fraud by investteck

I have put some money in with Investteck. I agreed to a trial period of one week to see how they are doing. The "trader" doubled the money within 5 days. I was told that I could always get my funds back within one day. I did not trust this remarkable profit in 5 days. So I asked my money back. I am waiting for one month now, but still no refund. Contact is difficult.
I checked them in Estonia. Nobody (Chamber of Commerce and Police) knows Investteck. They claim to be a Estonian company, but they are not. The company mentioned on their website (GreenRiver) was the company that sold the website to them. The website is a standard Wordpress format.
Their address in Dublin is also fake. Nobody (including the Dublin police) knows Investteck on that address. The computer server seems to be located in Greenland. The few people is spokmeon the phone, had an African/English accent. They are probably African crooks.
WARNING: NEVER DO BUSINESS WITH INVESTTECK. If there is anyone who knows who these crooks really are, just let me know. I will hunt them to get money back. If more victims want to join me, let me know. THESE CRIMINALS SHOULD BE STOPPED !!!

Jake 05/30/2019

Concerns

i don't have money on my card to sign up but the guy insisted i signed up any way! which i did and it was decline because i didn't have the cash to start i was told he would call back tomorrow to help me start! should i be worried about my card! that if i do put money on it to do other transactions if the money will be stolen by them?

Latoya Guy 05/28/2019
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