InvestFXM: user reviews and terms of cooperation with the broker
InvestFXM: user reviews and terms of cooperation with the broker
Choosing a reliable intermediary for trading on the exchange is becoming an increasingly difficult task. New companies appear almost every day, luring traders with favorable conditions and beautiful legends. In this review, we will examine the activities of InvestFXM, study reviews, and find out if this company is suitable for cooperation.
General information on the InvestFXM website
The organizers have made an effort, so their platform attracts attention and surprises from the very first minutes.
Yes, InvestFXM claims to be the official sponsor of FC “Zenit”. Interestingly, what would “Gazprom” say about this, but this information has not reached them yet. At the same time, the website does not support the Russian language, and there are no reviews from Russian-speaking users about it.
Further acquaintance with the broker continues to surprise. The project organizers have not yet decided on the name. So, in the “Documents” section, it is indicated that the company is called Financial Innovations Limited.
But at the same time, the footer states that InvestFXM is a trading name of Max Exchange.
It is stated that this company has an FCA license, the number is provided. Partially, this is true, a similar company named LMAX Limited is indeed registered under such a number (one of its trading names is LMax Exchange).
By the way, the FCA has issued a warning on the company’s page that scammers often use its name.
Translation: Warning. Clones of this company. Private individuals use the data of this company to suggest that they work for the real company. We call it a cloned company, and it is usually part of fraud.
Next, on the “Who Are We” page, InvestFXM turns into Stanford FXs.
Where did this name come from? The organizers simply copied the website of the broker Stanford FXs one to one, making minor changes. Here is what the page with the same name looks like on stanfordfx.com.
But that’s not all. In the Risk Disclosure, our hero acquires another name – Wallwood Capital Management Limited.
It is difficult to find an explanation for this mix of names. It seems that the resource is still in the development stage, and the legend has not been fully thought out yet. But it is already clear that InvestFXM is nothing more than fiction, a non-existent organization hiding behind other names.
The only contact provided is a London phone number and address: 125 Old Broad St, London EC2N 1AR, UK, where the Stock Exchange Tower is located. However, considering all the above, it is not advisable to trust this information. There is no additional information: the history of development, requisites are unknown. Also, it is worth noting that there are very few mentions of the company, reviews, or comments on the Internet. Even Google does not know exactly who InvestFXM is.
What documents does the broker have?
All that is on the InvestFXM website is a license supposedly issued by the Seychelles regulator.
Shady companies choose this offshore zone because there are no requirements for the platform, liquidity providers, documents, and complaints from clients are not considered here. Even on the regulator’s website, there is no way to verify the authenticity of the license. Because of this, the level of trust in the SFSA regulator is very low. Therefore, even if this license is not created in Photoshop, its presence does not guarantee the reliability and honesty of Invest FX.
Since the company positions itself as a sponsor of a Russian football team, we will also check the presence of a license from the Central Bank of Russia.
As you can see, no regulatory document has been obtained in Russia. Just in case, we will check the company in the register of registered legal entities of the United Kingdom, since a London address is indicated in the contacts.
It turns out that we are dealing with a broker with a dubious license, registered in an offshore zone, with a very confusing legend.
On what terms does InvestFXM offer trading?
To trade on the exchange with the help of InvestFXM, you need to choose one of three accounts.
In the best traditions of scammers, they offer a large leverage: from 1:100 to 1:400. This simply means that traders’ deals are not actually sent to the real market.
They offer to use the time-tested MetaTrader 4 trading platform. This is reliable software, however, it is important to remember that the platform itself does not support account replenishment or fund withdrawal. This is because InvestFXM is the financial intermediary to whom you entrust your money.
What reviews do users write about the company?
According to Whois data, the domain for InvestFXM was registered quite recently and was last updated just a couple of months ago (at the time of writing the review).
It is not surprising that there are no reviews about it in the Russian-speaking segment or among English-speaking users. The scam is just gaining momentum and has not yet gained a sufficient number of clients. As soon as the first reviews appear, we will immediately supplement this section with them.
Possible scams in InvestFXM
By all indications, this is a one-day company created with the aim of quickly making money on “green” traders. Such pseudo-brokers act crudely: they persuade to open an account over the phone. They convince to deposit as much money as possible, allegedly guaranteeing profit. Since forex trading itself is a high-risk occupation, it is not surprising that 9 out of 10 traders lose everything without the help of scammers. But even if the trades closed with a profit, no one will allow you to withdraw it anyway. Given that there is no one to complain to and nowhere to go, the cheated trader will only be left with posting negative reviews online.
InvestFXM are scammers not deserving of trust.
Based on our check, it can be concluded that InvestFXM is another project of scammers. The website is copied from another resource, there is a wild confusion in the names, the license is issued in an offshore zone, and its authenticity cannot be verified. There is no doubt that this “kitchen” will exist for a few months, then simply disappear, and a new “broker” will appear in its place. Avoid such shady projects, read reviews online, and carefully verify all information.