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TradeInvest90 Review - is it scam or safe?

TradeInvest90 review - is tradeinvest90.com scam or safe forex broker?

RATING: 1.1 / 0 REVIEWS
TradeInvest90 is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


TradeInvest90 is a Forex and Binary options broker owned and managed by Capital Force ltd, located at Beach Road, Apia, Samoa. The brokerage is most likely a scam – read the full review to find out why. 

 

Disadvantages 

 

No regulation 

 

TradeInvest90 does not state any regulation on its website and after checking with the registries of official regulatory agencies such as FCA or Cysec, we can conclude that the brokerage is not licensed. This should immediately raise red flags, since regulation is the major stepping stone for building a relationship of trust between brokers and potential traders. Lacking regulation, clients may not be certain about the security of their funds, as well the legitimacy of the broker. Any dealings with such a brokerage are overshadowed by the high possibility of fraud. Furthermore, regulators such as FCA provide traders with participation in a compensatory mechanism by which, in case the broker goes bankrupt, the clients losses are covered by as much as £ 50 000 per person. This assurance and many others are missing when trading with a unlicensed broker. That is why we see the lack of regulation as a huge disadvantage and advise potential traders orient themselves to brokers that carry with them legitimacy. Here is a list of our recommended FCA-regulated forex brokers:

 

>>List of FCA-regulated forex brokers<<

 

No information on account types 

 

There is no information to be found on the website regarding account types. We always view the lack of information as huge negative, but having in mind the regulatory status of the brokerage, it is no surprising it is missing. We would advise clients to always be as informed as possible before deciding to trade with a brokerage. 

 

High spread 

 

TradeInvest90 offers access to its web-based trading platform and we could see on it a spread of 3.0 on EUR/USD. This is double the industry average and way too high. A difference of a meager 1.5 pips may not seem much at first, but bear in mind that in long-term trading, one or two pips may drive up significantly the cost of trading. And as has been underlined many times – the higher the cost of trading, the lower the potential profit of the client. Interested traders can check out our list of recommended low spread forex brokers. 

 

>>List of low spread forex brokers<<

 

No MT4/MT5

 

The MT4 is the trading platform of choice for more than 80 per cent of traders in forex and not without good reason. Both MT4 and MT5 provide access to forex, CFDs, options and future markets. Both platforms also  offer clients the MQL programming language allowing automated trading via Expert Advisors. Among the features are also advanced analysis tools, signals and indicators that can be altered or redesigned to suit the needs of potential traders. The lack of MT4/5 trading platform should be seen as a big disadvantage for TradeInvest90. The web-based platform they use is somewhat accessible, but lacking the components mentioned above. Here is a screenshot: 





TradeInvest90 trading platform. Click to zoom.

 

Many instances of scammed clients

 

Going through all the relevant search results for TradeInvest90 online, we came across a disturbingly high number of complaints by people who state that they have been scammed by the brokerage in question. Most of the complaints run as follows: the client makes the initial deposit of $250 and then does not even have the option to trade, only to “deposit more”. From all the complaints we read not one individual was even able to withdraw the invested amount, since the brokerage intentionally makes the process of withdrawal unnecessarily complicated. All these are signs that frequently show up when dealing with a shady broker. 

Unexpected fees

 
On the website section devoted to frequently asked questions we discover a number of fees which potential clients of the brokerage may have to pay. We read that all withdrawals are subjected to a service fee of 3.5%. In the event that this percentage (3.5) equals an amount of 30.00 or below, he trader will then be charged with a 30.00 withdrawal fee. Additionally, the maximum withdrawal service fee is capped at 3,500.00. On top of that there is a maintenance fee of $7,50 per month. Such sums are absurd and we highly advise potential traders to have this in mind when deciding whether or not to trade with the broker. 


Advantages

 

Many financial instruments 

 

TradeInvest90 offers their clients a wide array of financial markets in which to participate. Among them are Forex, CFDs, stocks, bonds, futures, indices, as well as crypto. Diversification of trade is always a plus, although, having in mind all that was outlined above, we put this as an advantage with caution. CFDs on cryptos (offered by this broker) is an exciting feature of the forex trading world and we highly recommend when its done right i.e. with a licensed broker. Interested should make sure to check our list of recommended forex brokers who offer this financial instrument. 



>>List of Bitcoin forex brokers<<


Education


Among the advantages that can be highlighted about the brokerage are the educational videos they offer for newbie traders. This is a great marketing tool since it makes forex trading more accessible and shows that the broker aims, at least in part, to inform their potential clients about the dangers and the benefits of CFD trading. The videos are well done and insightful. 

Many payment methods

TraderInvest90 offers their clients a diverse set of payment methods. Clients may choose to fund their accounts through Credit/Debit card, Bank Wire Transfer, Neteller, PlusPay, WebMoney, Yandex money and etc.


Conclusion

 

TradeInvest90 is an unregulated Forex and Binary options broker who is situated in the middle of the Pacific ocean. When searching the brand on the web we come across a multitude of complaints from people, most probably scammed by the broker. The brokerage offers very high spreads, a mediocre trading platform and absolutely no assurance for the safety of the clients funds. We recommend traders who do not wish to figure among the list of scammed TradeInvest90 clients, to stay away from this broker and direct themselves to much better and safer trading options to which we have linked throughout the review. 

 

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Traders` reviews for TradeInvest90

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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Summary

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