InvestFeed – Can You Trust Them?

Website URL: https://investfd.io

Founded: 2020

Regulations: Unregulated

Languages: English, Russian, German, Italian, Spanish, Turkish, Croatian

Deposit Methods: Bank Wire, Visa, MasterCard, Paytrio

Minimum Deposit: $250

Free Demo Account: Yes

Number of Assets: N/A

Types of Assets: Stocks, Foreign Currencies, Indices, Commodities

Trading Accounts and Conditions

InvestFeed offers its clients 6 different types of trading accounts:

• Easy Start: The minimum deposit you need to make to use this type of account is $250.
• Standard: The deposit range for this type of account is from $1,000 to $5,000.
• Trader: To use this account, you need to make a minimum deposit of $10,000.
• Pro Trader: The minimum deposit needed to use this account is $25,000.
• Premium: To use the Premium account, you need to make a deposit in the range of $50,000 to $100,000.
• VIP: For this account type, the minimum deposit you need to make is $250,000.

While there is no information provided on InvestFeed’s website about the spreads it offers, the demo account showed a spread of 1.9 pips for the EURUSD pair. Once again, we needed to check the demo account to find out about the leverage this broker offers; it stands at a maximum of 1:500.

InvestFeed – Advantages

The only advantage you will get if you trade with InvestFeed is that you get to use the MetaTrader 4 trading platform. This platform is the most popular trading platform in the world because of the many great features it has. You get great charting packages, easy analysis tools, financial calendars, auto trading bots and so on.

InvestFeed – Disadvantages

Despite the fact that InvestFeed offers its clients the use of the MT4 trading platform, we would not recommend this broker to any trader. Here are the reasons why:

• Unregulated Broker

InvestFeed claims that its parent company is Lengvin Partners Ltd, a company that is registered in St. Vincent and the Grenadines (SVG). This means that this broker is not regulated; SVG’s Financial Services Authority has explicitly stated that it does not have regulations in place to monitor Forex and CFD service providers.

And since there is no other mention of a license from any other financial authority, we can safely state that this broker is offering its services illegally in Europe.

Dealing with a broker that is offering its services without authorization is a sure way to lose money, which is why we recommend that traders always check the regulation status of a broker before they do business with them.

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• Unfair Bonus Policy

Bonuses, also called non-deposited funds, are generally banned in Europe, which is where this broker seems to be targeting its services. Therefore, the fact that InvestFeed offers its clients bonuses is the first red mark against it.

To top it off, the bonus policy that the broker has adopted is patently unfair. For a trader to be able to withdraw their funds, they will have to first trade 25 times the amount they have deposited, plus the bonus amount.

• High Spreads

While there was no information provided on InvestFeed’s website about the spreads it offered, we did check the broker’s demo account to get that information. The EURUSD pair’s spreads were at 1.9 pips, which is rather high, considering that the market average ranges from 1 to 1.5 pips.

It is wise to remember that the higher the spread, the higher your cost of trading will be. So, a high spread such as the one offered by this broker means that your trades are going to be most costly.

• High Leverage

Once again, we had to depend on the information on InvestFeed’s demo account. Based on what we saw, the maximum leverage offered by this broker is 1:500, which is extremely high – and illegal (considering that this broker is targeting customers in Europe). Let us explain further.

Leverage is a tool you can use to open a larger position, and thereby get the chance to gain a larger profit. However, considering the volatility inherent in forex markets, 70% of traders lost money on the market. Which means that opening bigger isn’t always a good idea.

Due to this, European, UK and US regulators put a cap on how much leverage brokers could offer their clients. For the UK, the maximum leverage stands at 1:40. For European traders, the maximum leverage they can get is 1:30. There are only a few jurisdictions (such as Australia) that allow such high leverages.

And since we know that InvestFeed is offering its services to clients in Europe, the leverage levels this broker offers are too high and against the law.

• Long Payment Processing Times

Whether you’re making a deposit or a withdrawal, you will need to wait for your payments to be processed. If you make a deposit, you will need to wait as much as 5 business days for your funds to be credited to your trading account. And if you make a withdrawal request, it can take up to 7 business days.

Considering the fact that many regulated brokers can process deposits almost instantly and withdrawals within 24 hours (if not sooner), these wait times are just too much.

• High Dormancy Fees

If you have not used your account with InvestFeed for a period of 6 months or more, then it is considered a dormant account and you will be charged a dormancy fee. Usually, brokers charge a nominal sum to maintain your account.

However, with this broker, you will be charged 10% of the amount in your account every month. That could end up becoming quite and expensive proposition for you.

Conclusion 

InvestFeed is unregulated and has unfair trading conditions and policies – terms that are designed to extract money from the customers. This is not a broker that you should trust in any way, so our recommendation would be to stay far away from the broker.

InvestFeed

2.5

User Experience

3.5/10

Payment Options

2.4/10

Security

2.1/10

Support

2.3/10

Reputation

2.2/10

Pros

• MetaTrader 4 Platform Offered

Cons

• Unregulated Broker
• Unfair Bonus Policy
• High Spreads
• High Leverage
• Long Payment Processing Times