A completely untrustworthy brokerage is Invest Point. Instead of being able or ready to provide its customers with access to any type of reputable trading expertise, this offshore firm is far more likely to be operating a scam. If we come out as overly critical of Invest Point, you should know that this company operates from a well-known offshore refuge for scams with the express purpose of preventing anybody from ever being able to withdraw even a single penny from their accounts.
Is Invest point a Licensed Broker?
Invest Point has purposefully avoided providing any documentation or details about its regulatory status. The broker is licensed in St. Vincent and the Grenadines. however, the regulator’s database does not include the firm. It doesn’t exist, and the regional authority has frequently warned that it doesn’t watch over or regulate currency trade.
Why Should Not You Trust an Unlicensed Broker?
Scams, money laundering, and supporting terrorism are just a few of the financial crimes that unregulated brokers often engage in. Additionally, even if these businesses are not attempting to defraud you, they could nonetheless take your deposits. The reason for this is that these offshore companies are often controlled by individuals who lack the necessary skills, which leads to their failure and the loss of your assets.
Warnings From Financial Regulators
They say they are based in Switzerland, but no license is required for that. Switzerland’s banking regulator repeatedly issued advisories against them.
Leverage and conditions
The Invest Point trading conditions were appalling, but we wouldn’t expect anything less from an offshore broker. For key FX instruments, the spreads are as big as 2.9 pips. This is unacceptable; in fact, the majority of businesses nowadays want to keep their customers’ trading expenses to a minimum.
Minimum Deposit and Withdrawal Terms of Invest point
Its $250 minimum deposit amount is unacceptable. Nowadays, micro accounts typically cost no more than $10; anything higher indicates that you are working with a company that wants to take as much of your money as possible!
Platform Offered by Investpoint
The business makes use of a basic online trading platform. It is a rather boring online trader. Although we are grateful for the availability of TA tools and the introduction of a social trading feature, both are much less functional than what is achievable when trading using a dependable platform like Metatrader 5.
Having said that, it’s a rather weak argument. There are no more complex capabilities available, and even the UI itself is not that exciting. You are only able to see the chart with a number of associated indicators, and you may opt to deposit extra money.
Victim of Investpoint Scam? Report Your Story To Us.
If you are a victim of Invest Point scam, just submit a report to us. We will evaluate the case and will let you know the process of getting your money back.
Ways to Make a Deposit
This broker did not make any of the deposit methods available to its customers.
Country Serving by Investpoint
This company is currently serving in Germany, Canada, France, Romania, and the Netherlands.
What Do Traders Think Of Investpoint?
According to the report we received from several clients of Investpoint, it is clear that they are not happy with Investpoint. The common complaint against Invest Point is they hold the withdrawal request or they freeze the accounts when a client wants to withdraw the money.
It makes no difference how persuasive their website is. On this website, there are a number of warning signs, beginning with their offshore location and continuing with the fact that they lack a license. The website is run by scammers who have no interest in being transparent.
Is Invest point trusted?
Invest Point is an offshore con artist, not an authorized broker. Please let us know if you have any involvement with the company so that we can see if we can help with a money recovery.
What is the problem with an unregulated broker?
Any promises made by an uncontrolled site like invest point will never be fulfilled. Their primary focus is on any investor who could be persuaded to make a deposit into one of their accounts. Once they get the money, it will be difficult to remove.
Is it possible to recover my scammed money?
Yes, if you report to us your scam incident, we can help you to recover your scammed money.
Can MT4 trades be faked?
Yes, although not as often as you would assume. Whatever the cause, it’s critical to understand that this is a possibility. Do your homework first if you’re considering investing with a new broker.
How do I know if a forex broker is real?
If they have real licenses and regulations, they are real.