Who is the InvestPoint broker, and can you make money with them? That’s the logical question of any investor indulging in the financial market.
Knowing that there are a large number of scammers, we tirelessly work on exposing them. Thus this InvestPoint review shows you everything you must know before paying the money.
InvestPoint is an offshore online trading firm owned by Nexus LLC. The owner resides in Saint Vincent and the Grenadines, a well-known unregulated zone. Since the FSA directive from February 2021, the Forex market is not supervised, and all brokers must get a license from the local authorities.
By that logic, InvestPoint’s regulation should be in the Tier1 zone, with the FCA, ASIC, BaFin, CONSOB, etc. Upon researching numerous databases, we got no results. Simply put, this firm is unlicensed.
Another proof of our claims is leverage. According to the European Securities and Markets Authority, any broker providing services in the EEA zone must maintain the leverage limit of 1:30. Au contraire, broker InvestPoint enables ten times as much, with the leverage being 1:300.
Now that we’ve presented all the facts, it’s clear that nothing good can come up from investing with this scammer. You cannot count on any compensation funds or help from the Financial Ombudsman in case of any wrongdoing.
InvestPoint is not a genuine trading brokerage. The company is based offshore and holds no financial licenses. Negative reviews indicate that you cannot trust the firm.
InvestPoint trading scam is widespread in the following countries:
The brokerage has been active since April 2022 and, so far, unspotted by the authorities. Your report can be the one to make the difference, so ensure to file an InvestPoint complaint immediately.
InvestPoint Forex broker allows WebTrader, desktop, and mobile app access. Both apps are based on the web version, so none have special features.
Sadly, this brokerage doesn’t offer access to any third-party trading platforms, such as MT4, MT5, or cTrader. These are the best and safest software with the most significant number of TAs.
The main InvestPoint trading platform is its WebTrader. However, it’s a rather lame one. You won’t find any advanced features and even the interface itself is dull. You can only see the chart with several attached indicators and choose to deposit more.
The mobile app is entirely based on the web version, so it has all the same features. While available for Android and iOS, this software doesn’t allow you any EAs, social trading, or any other exciting options.
The only advantage we see is the convenience of InvestPoint login from anywhere, at any time.
Finally, we have a desktop trader for Windows PCs only. The download link is placed on the broker’s website and gives access to the same web-based platform as an app.
While we’re promised real-time quotes, one-click trading, live chat, and much more, we’ve got none. Instead, we had to use the basic TradingView chart with technical indicators.
We agree you can access a solid number of trading assets, but only if you pay. The Starting account enables only FX trading, while you need to upgrade for other assets.
From the Gold account, you can access all markets, including the following:
Another issue is trading costs. Namely, the spread starts at 2.9 pips for FX majors, double the industry standard. Other fees, such as swaps, are not disclosed.
If you want to trade with no swaps, you can get access to an Islamic account, but you’ll pay an even higher spread.
Speaking of InvestPoint trading accounts, here’s your choice:
Besides access to various assets, each account brings a higher level of support and more educational materials.
Negative balance protection is a safety tool, ensuring that retail traders like yourself cannot lose more than they deposited. For instance, if you open a bad trade and your balance comes to zero, your account will automatically close.
However, not all brokers offer this feature. Scammers such as InvestPoint here want their investors to be trapped, which is why they allow a trading account to go in minus.
The InvestPoint Demo account is unavailable. You’re required to deposit the money, and you can only then test the system.
Similar to negative balance protection, scammers avoid offering this feature as it would give investors time to think and decide against depositing. Instead, you’re pushed right into the lion’s den.
Without a clear InvestPoint Withdrawal Policy, we’re unsure how the procedure goes. The brokerage didn’t list any deposit or withdrawal methods or specify a minimum amount.
Since this is the case, we highly suspect that payouts are possible. And there are plenty of InvestPoint reviews supporting our opinion.
Despite the regulatory ban, InvestPoint bonuses are still available. While the company didn’t precise the amount you can get, they have a pretty clear policy to dissuade you from withdrawals.
According to it, you cannot get your money back before reaching the bonus amount divided by 5 in lots. Simply put, for a $100 bonus, you will have to repay 20 lots, equal to $2 million. If you’re thinking about how unfair this rule is, we couldn’t agree more.
If you find yourself a victim of an InvestPoint scam, it’s important to contact us immediately. Global Fraud Protection has been assisting clients scammed online for years, and our primary tool to recover funds is your story.
InvestPoint is not a legit broker but an offshore scammer. If you’ve been involved with the firm, let us know, and we may be able to assist with a fund recovery.
InvestPoint doesn’t offer its traders a risk-free Demo account.
The minimum deposit with this trading brokerage is $250.
InvestPoint is not a legit broker but an offshore scammer. If you’ve been involved with the firm, let us know, and we may be able to assist with a fund recovery.
InvestPoint doesn’t offer its traders a risk-free Demo account.
The minimum deposit with this trading brokerage is $250.
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