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INVfinance Review - is it scam or safe?

INVfinance Review - is invfinance.com scam or good forex broker?

RATING: 0.5 / 0 REVIEWS INVfinance
INVfinance is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


 

Trading Accounts and Conditions

 

Account type

Min. deposit

Min. trade size

Max. leverage

Spreads*

ECN

$500

0.01

1:500

From 0.8 pips + commission

 

*As announced on website.

 

As the information about the trading accounts and conditions offered by INVfinance is not clearly presented on its website, we filled the table above with the data available.

 

The broker also offers swap-free services to investors of Islamic belief.

 

 

INVfinance Advanatges:

 

- MT4 supported

Not surprisingly, trading at INVfinance is done on the popular MetaTrader 4 platform. Launched more than 10 years ago, this trading software is still the most popular forex trading platform. This is probably due to the fact that the MT4 ihas proves to be easy to use, fast and reliable. The platform has great charting, numerous technical analysis indicators and Expert Advisors, as well as customization options.

 

Nonetheless, the platform offered by INVfinance is provided by a quite shady company (more details – in the Disadvantages section), so you’d better choose another MT4 broker.

 

 

>> Find a better MT4 broker <<

 

 

Many instruments available

INVfinance seems to have a rich and diversified product portfolio, which is generally a good thing. It offers trading in many currency pairs, as well as various CFDs, including on Bitcoin, Ethereum, Ripple, Dash, and Litecoin. The latter are really popular in recent times, so a lot of brokers launched trading in crypto CFDs. If you want a piece of advice, choose a licensed Bitcoin broker, instead of investing your money in shady companies like INVfinance.



>>Trade Bitcoin with a regulated forex broker<<

 

 

INVfinance Disadvantages:

 

Not regulated and likely a scam

INVfinance is allegedly owned and operated by 2dots Limited – a company that also operates 8infx and xtradefx (formerly 24stox). The company is not regulated, and judging by the user comments on our review of 24stox, it is very likely that it is engaged in fraudulent activities.

 

Connected to other shady brokers

INVfinance’s demo MT4 is powered by Easy FX Solutions – an offshore company that offers brokerage incorporation and related services. We have reviewed a couple of brokers that use this company’s MT4 all of them seem quite shady – Tradeu2, 4xbrands, 4Xbanks, GMFX24 and the notorious Up4x.

 

 

INVfinance’s demo MT4. Click on the image to zoom-in.

 

Actually, the design and the content of the websites of some of the above-mentioned brokers are almost identical, with some minor differences. This is yet another red flag.

 

High initial investment

In order to open an account with INVfinance, one has to deposit at least $500, which is too high, especially for a broker that is not regulated. For example, one can open an account with major international brokerage IG by depositing just $1.

 

 

Conclusion

 

In fact, the offerings of INVfinance are nothing special in the forex world: a number of brokers offer spreads floating around 1.4 – 1.5 pips on EUR/USD, without commission fees; many of them also have diversified product portfolios with crypto and stock CFDs; the majority of brokers worldwide use the MT4 platform.

 

What matters most when choosing a forex broker is its reliability. The spreads won’t matter when you cannot withdraw or when the company representative does not reply your emails, nor answer the phone, will it?

 

In order to avoid being scammed, stay away from shady and unregulated companies like 2dots Limited and choose a broker regulated by a reliable authority that has earned a good reputation in the forex community. That being said, one of the most reliable financial regulators in the world of forex is UK’s FCA. They impose strict rules upon licensed entities, such as for minimum capital adequacy, client fund segregation, transaction reporting, etc. On top of that, all UK forex brokers are forced to participate in the Financial Services Compensation Scheme (FSCS). As a result, if your FCA-regulated broker goes bankrupt, you could claim compensation up to £50,000.

 

 

>>Forex brokers licensed by UK’s FCA<<

 

 

Pros

Cons

MT4 available

Not regulated and likely a scam

Many instruments available

Connected to other shady brokers

 

High initial deposit required

 

 

 

Latest news about INVfinance
No news about INVfinance. Check back later.
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Traders` reviews for INVfinance

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

 

 

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