Invefx – Are They Worth Investing At?

Website URL: https://www.invefx.com

Founded: 2019

Regulations: Unregulated

Languages: English

Deposit Methods: Bitcoin

Minimum Deposit: $250

Free Demo Account: Yes

Number of Assets: N/A

Types of Assets:  Cryptocurrencies, Currencies, Commodities, Index, Indices, Stocks

Trading Accounts and Conditions 

Invefx offers three account types: regular, gold, and premium.

For a regular account, you can deposit a minimum amount of $250 up to $999. Inclusions are 24/7 access to your trading account, unlimited phone and email support, trading academy, a free mobile app, a risk-free trade of up to $100, one session of telephone mentoring, and a 50% bonus. The bonus scheme wasn’t discussed though, so we can’t elaborate on this.

On the other hand, for a gold account, the minimum deposit is $10,000 up to $19,999. It has the same perks as the regular account, only that you’ll get three more risk free trades of up to $250 each and additional four sessions of telephone mentoring. Another advantage is you’ll get level 3 priority inbounds and faster withdrawal. It also says there’s a 100% bonus, though we’re not sure what that meant.

Lastly, the premium account needs a minimum deposit of $100,000. It has the same perks but with 10 risk-free trades of up to $250 each. Other advantages include same day withdrawals and direct inbounds. Plus, you’ll get a personal account manager and a 100% bonus.

The trading conditions though weren’t stipulated on the website. So, we can’t discuss the margin requirements for each account as well as the spreads and leverage ratios.

Invefx – Advantages

After careful investigation of the said broker, there seems to have no advantages for traders. We advise not to trade under this broker.

Invefx – Disadvantages 

There are several reasons why Invefx is not worth investing your money at. Below, we break them down for you.

• Unregulated Firm

One way to determine whether a broker is regulated is by tracing its location and licensing. Upon checking Invefx’s website, there is no mention of its physical address and the regulatory board where it got its license from. This is a big red flag indicating that a company may be a scam.

Another thing that we found suspicious is that it offers trading for binary options which is banned in the US and EU. Only a few binary options exchanges are given permission to operate.

In order to avoid getting scammed, it is best to choose a regulated broker with a good credibility. Some of the best options you can choose are those under the jurisdiction of Australia, EU, UK, and the US. These countries have the strictest regulatory standards before any company will be given license. Hence, only those with good credentials and intentions will go through such hustle to operate legally.

For instance, in the US, brokers need to put up a minimum capital of 20 million USD to pass the regulatory standard. For the EU and UK, the initial capital needed amounts to 730,000 EUR. While for AU, the minimum requirement is 1 million AUD.

On top of these, traders under these licensed brokers are protected by means of insurance in the event that the company goes bankrupt. Traders can get a compensation of up to 20,000 per person for brokers regulated by CySEC and 85,000 GBP for those regulated by the FCA.

With the above conditions, you’ll have a greater chance of getting the best out of your investment, while feeling safe, when investing in regulated and licensed brokers.

Plus500

$100

Minimum Deposit

Start Trading

Read Review

82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.

 

AvaTrade

$100

Minimum Deposit

Start Trading

Read Review

The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.

• Trading Software Has Limited Functionality

Invefx’s trading software is designed for binary options trading. This type of trading, as mentioned above, is banned in many countries because of the risk it poses to traders. How it works is that traders will put a bet on its chosen trading product (e.g. bitcoin, currency, etc.), set an expiry time, and decide whether the value rises or falls. It’s simple enough to trade like this, however, the risk is higher as you can only really either win or lose.

Moreover, the web-based trading platform available on Invefx’s website is from a third-party. It offers basic functionality and doesn’t provide an optimal trading environment for investors.

If you’re looking for better trading platforms, the most famous among traders are the MetaTrader 4 and MetaTrader 5. These software have a free demo account so inexperienced traders can practice and gain more knowledge without the risk of losing money. Plus, they have sophisticated functionalities that allow traders to make the most out of their trade. We highly recommend using these platforms when trading.

• No Trading Conditions Given

The trading conditions will help minimize your loss when trading. However, there is no mention of the trading conditions on the broker’s website. This entails that you’ll have to trade blindly not knowing the margin requirements such as spreads and leverage ratios.

One reason we see why it doesn’t have this information is because its trading platform is designed for binary options trading, which is very risky. Hence, we strongly advise not to trade with Invefx.

• Lies About Payment Options

On the company’s website, there is no information regarding withdrawal and deposit methods. The only information stipulated that’s related to the payment method is that any requests for withdrawal are subject to turnover specifications. One example to be eligible to withdraw is when this condition is met: a trader must perform a trade, at least once, that’s equivalent to the deposit amount. For instance, if your deposit amounts to 250 BTC, then you must also execute trades that are worth 250 BTC.

Moreover, the broker also offers bonuses with several conditions before you can withdraw your commission such as executing a trading volume of at least 30 times for every bonus received that’s only equivalent to 1 BTC. This requirement is almost impossible to achieve, hence, the bonuses will only go to waste.

Most regulated brokers don’t offer bonus schemes and seeing one is a huge sign that a company is a scam just to entice investors.

Conclusion  

Invefx is definitely not worth investing at. It is not regulated which means your money isn’t protected, only offers binary trading using a trading software with limited functionality, offers fake bonuses that are designed to get more investors, and it has no clear method of deposits and withdrawals. It’s a clear scam; hence, we don’t recommend traders to use any of its services.

Invefx

2.6

User Experience

3.5/10

Payment Options

2.5/10

Security

2.4/10

Support

2.3/10

Reputation

2.5/10

Pros

• None

Cons

• Unregulated Firm
• Trading Software Has Limited Functionality
• No Trading Conditions Given
• Lies About Payment Options