Investirex broker has quite an attractive slogan. “Learn and trade what you want when you want.” We completely agree that trading should be on your own time and terms. However, this investment firm cannot guarantee it. There’s no license and no guarantee for the trading conditions or withdrawals. Read our Investirex review and find out all the details.
Notably, this investment firm lacks basic information on the main page. Usually, legitimate firms provide details in regards to the company owner and the trading license right away, so you would know that you’re dealing with a solid business. Missing these details was the first red flag for the broker Investirex and our research.
Upon checking the Terms and Conditions, we uncovered that the broker belongs to Castan Holdings Ltd, registered under the governing law of the Republic of Dominica. This offshore island has quite a loose financial license provider in the Tier3 zone. Yet, Investirex regulation is not with the FSU or Tier1 regulators such as FCA, ASIC, and BaFin.
Investing with an Investirex Forex broker is risky and not recommended.
Investirex is an offshore broker under the governing law of the Republic of Dominica. While it may look like a decent broker, you should understand that the firm has no valid financial license. German Federal Criminal Police started an investigation of the brokerage.
Moreover, the German Federal Crime Police has been involved, and they related Investirex to Saint Vincent and the Grenadines. Another offshore island, but this time without a financial regulator.
Wherever the broker Investirex really resides, it has no license, and it runs a scheme.
Investirex is a relatively new broker on the market, active since March 2022. Ever since the majority of complaints against the firm have come from:
Scam brokers have different ways of contacting existing and potential customers. Investirex aggressively advertises via Facebook, Instagram, and Google, trying desperately to lure potential customers. After you’re hooked and provide your personal information, you can expect to receive a number of phone calls and various emails.
Whether via phone or email, this broker’s support team will try to sell you all kinds of financial plans and pressure you to invest right away. In some cases, Investirex will prompt existing and potential customers to download Telegram and add them to various groups where they will send fake trading signals and “very important information” for a number of chosen clients.
If you have never signed up, you can always be approached through fake Instagram and Facebook accounts.
As explained, once you sign up for their ad, Investirex employees will contact you in any way they can and pressure you to invest. After you make an initial deposit, you will get an account manager.
Supposedly, this person should help you invest and profit. In reality, they will urge you to download TeamViewer, AnyDesk, or a similar remote desktop access app. They can control your mobile or desktop device and access your online banking through it.
There’s no need to finish the story; you can guess the end.
According to its website, Investirex trading platforms are WebTrader and MT4. The web-based software is solid, with a good number of trading tools, including Stop Loss and Take Profit.
However, it cannot come near reputable platforms like MT4 or MT5. So seeing that the firm provides MT4 was an encouraging factor. All until…
After trying to access MT4, we figured that there was no link to download the platform or access the web-based version. There is a lovely story and an explanation of how anyone can benefit from having such an advanced trading tool. But in reality, you won’t get any access to anything besides WebTrader. Sad.
There’s a section about mobile apps as well. According to it, customers can use WebTrader for Android and iOS. Yet, there’s no link or an explanation of where to find this mobile app. Searching through Google Play Store gave no results either.
Once again, the broker has a nice story to lure customers into investing but provides nothing.
If you’re still thinking of investing with this brokerage, here’s an overview of trading assets.
There are no cryptocurrencies.
The choice of Investirex account types didn’t excite us. You can choose between:
Investirex minimum deposit is not specified for any account. The difference is the minimum lot size, commission, and spread. Nothing worth a risk.
On top, Investirex doesn’t offer negative balance protection. It means that if you open a wrong trade and lose all of your money, you can keep losing and fall into debt to the company.
Legitimate firms always offer negative balance protection and keep their clients safe. Since Investirex is not one of these, it does everything in its power to steal more funds before finally vanishing.
Investirex Demo account is not enabled. Thus you cannot trade for free. It practically means that you will have to make a deposit to test the platform. And since we have no information about the initial investment or the payment methods, we advise against it.
There are so many regulated firms. Find one of them and save yourself a headache.
Investirex withdrawal is not as easy. The company never listed available payment options but did list some hefty fees. For instance, the firm keeps the right to charge an inactivity fee of $40 each month for accounts inactive for more than 6 months.
Besides, there’s a $20 account maintenance fee and a clause stating that you will have to pay the fee if you request any information about your account. The good question here is if you’ll have anything to withdraw in the end.
Investirex is a scam online trading brokerage. If you find yourself defrauded, don’t be ashamed to tell us your story. We may be able to assist you with the refund process.
No, Investirex doesn’t offer a Demo account, only Live ones.
This information remains unknown since the broker has not listed any requirements.
You can trade CFDs, but crypto is not an available asset.
The broker doesn’t have a Withdrawal Policy and has never specified this information.
Investirex is a scam online trading brokerage. If you find yourself defrauded, don’t be ashamed to tell us your story. We may be able to assist you with the refund process.
No, Investirex doesn’t offer a Demo account, only Live ones.
This information remains unknown since the broker has not listed any requirements.
You can trade CFDs, but crypto is not an available asset.
The broker doesn’t have a Withdrawal Policy and has never specified this information.
We hope you enjoyed our article. We always strive to provide quality information and hope this was an insightful article for you. If you have any questions or would like to know more about Investirex review, please reach out to us by visiting website at fakebrokerwatchdog.com
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