Broker or Scam: Detailed Review of Invesco FX and Customer Feedback

• Categories: Forex

Fraud Analysis in the Forex Market: What We Learned About Invesco FX Company

Earning on Forex is a good way to make extra income online, especially in the times of the COVID-19 pandemic. However, there are those who are not averse to deceiving others for their own benefit. It is these fraudsters that caught our attention in the latest research.

Invesco FX company represents itself as an enticing “office” with fake reviews and standard myths about its professional team. Instead of the promised money, clients only get negative impressions. Why does Invesco FX continue its illegal activities? This question requires careful examination.

Underlying the Invesco FX Scam: Document Analysis

According to official information, Invesco FX has been on the market for over 10 years, although in reality, the firm has been active for only about 7 months. For example, the domain invescofx.com was captured by scammers as recently as September 2020. Also, fake reviews that started appearing on the Internet only in 2021 indicate the recent emergence of the firm.

The fictitious schemes of Invesco FX appear to be operational on behalf of the holding company INVESCO LTD, although the legal address of this company remains unknown. One of the documents mentions a suspicious organization, ABC Group Limited, which has already accumulated a lot of negative reviews.

It is highly suspicious that the websites ABCfx.pro and Invesco FX are so similar to each other. The scam of the fraudsters looks very typical: a fabricated 10-year history, unique services, access to the most profitable assets, and much more. Could this be just a coincidence? Highly unlikely.

Issues with licenses also tarnish Invesco FX’s reputation. The firm claims to be regulated by the Financial Market Authority of Fiji (FFMA), but there is no information about it online or on the regulator’s website. However, such mentions are present on ABCfx.pro.

Incidentally, Invesco FX holds two high-class licenses and claims that its operations are supervised by two regulatory bodies. However, no concrete evidence supporting these claims has been provided.

In the contacts section, the legal address of Invesco FX is listed as Suite 305, Griffith Corporate Centre P.O. St. Vincent Grenadines Box 1510, Beachmont Kingstown. This place has already become a registration site for many fraudsters planning to carry out their dirty game.

• Contact Numbers: +44 2038076747, +7(495) 139-72-97
• Email Addresses: support@mail.ru, rent@mail.ru

Have investors been able to establish communication with the scammers? Invesco FX actively deletes negative reviews, casting doubt on the quality of support they provide.

Invesco FX clearly states the absence of any rights for clients and shifts all responsibility for potential losses onto their shoulders. Do you still believe in the honesty of Invesco FX?

Review of the Official Invesco FX Website

The international broker’s website is available only in two languages, Russian and English. Some sections of Invesco FX are not even translated into other languages.

Another drawback of this scam is the outdated design that immediately indicates such fraudulent schemes. Even with a large amount of text on the site, its content seems empty. There is no mention of licenses on the site. Apparently, the firm only exists on paper.

A specialized service evaluated invescofx.com at 2,000 rubles, which does not correspond to their claims of global fame and a decade-long history. Presumably, the entire budget of the firm goes into fake reviews.

Review of Trading Conditions at Invesco FX

The company promises low commissions, quick fund withdrawals, fast technical support, and professional training, but in reality, none of these promises are kept. The main reason is the greed of Invesco FX’s founders and an insatiable thirst for making money off others.

Among the services offered by Invesco FX are:

• currency pairs,
• commodities,
• indices,
• securities.

The scammers impose dry theories on investors without disclosing details of the minimum deposit. The deposit amount is only revealed in private conversation as it is set individually for each client based on their financial capabilities.

The list of services provided by Invesco FX specialists includes:

• order execution on behalf of traders,
• consultations,
• portfolio management,
• working with own account.

As a platform, Invesco FX offers the well-known MetaTrader 5, but in reality, trading takes place on a platform fully controlled by Invesco FX’s “analysts.”

Reviews of Invesco FX Scammers: Research Findings

To improve their reputation, Invesco FX scammers invested money in copywriting services, creating artificially positive reviews. Forums are now teeming with fake praises for Invesco FX, and genuine reviews are quickly removed by predators.

Such types of comments look very unnatural:

Nevertheless, one honest review was still found. The deceived trader is ready for action and even intends to turn to law enforcement agencies.

The Essence of the Offshore Scam Invesco FX: Analysis and Conclusions

The fraudsters at Invesco FX operate on a standard scheme. First, they attract investors with promises of millions that will magically appear, and then they quietly disappear, taking away the money of the victims.

Dealing with Invesco FX is a game with a predetermined outcome, but traders continue to believe in the false promises of the scammers, unhesitatingly handing over their last savings to them.

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Research Findings on Invesco FX

The scammers at Invesco FX do not hide their unscrupulous activities, preferring to deceive trusting investors. They act boldly and confidently, aiming for quick and easy gains. Unfortunately, getting rich with Invesco FX seems highly improbable, but the risk of ending up with an empty wallet is very high, so we strongly recommend avoiding this scam altogether!