Investingor – Can You Trust Them?

Website URL: https://investingor.com

Founded: 2022

Regulations: Unregulated

Languages: English, Arabic

Deposit Methods: Not Specified

Minimum Deposit: $50

Free Demo Account: No

Number of Assets: Unspecified

Types of Assets: Forex, Indices, Metals, Energies, Stock CFDs

Trading Accounts and Conditions

Investingor offers their clients the following trading accounts:

• Starter: The minimum deposit is $50. There is a zero commission per lot. Spreads are as low as 2.5 pips. Leverage is 1:500.
• Pro: The minimum deposit is $1,000. There is zero commission per lot. Spreads are as low as 1.9 pips. Leverage is 1:500.
• Advanced: The minimum deposit is $5,000. There is zero commission per lot. Spreads are as low as 1 pip. Leverage is 1:300.
• Premium: The minimum deposit is $25,000. There is a $6 per lot commission charged. Spreads are as low as 0 pips. Leverage is 1:100.

Investingor – Advantages

Here is the one advantage that we have found in Investingor:

• Regulated Broker

Investingor was established in 2020 in the Seychelles. The broker provides us with their physical address and contact details. The broker also shows us proof that they are registered with and regulated by the local financial authority – the Seychelles Financial Services Authority.

Investingor – Disadvantages

Listed below are all the reasons why we have marked Investingor a scammer:

• Poor Regulation

Despite the fact that Investingor is regulated, we would caution people against trading with this broker. This is because this broker holds an offshore regulation from the Seychelles. This is not a country that is known for strong laws in the financial services sector. In fact, the Seychelles FSA is known for being rather lax in their regulations in this market.

To be able to get a license to operate as a forex broker in the Seychelles, you only need to complete some very basic requirements – holding a capital of just $50,000, and having two shareholders and 2 directors as part of your company’s board (and the catch is that the same person can double up as both director as well as shareholder).

The gaps are that brokers are not required to offer negative balance protection, insurance against scams/fraud/bankruptcy, account segregation is not required, and brokers are not required to report their transactions.

The kind of regulation this broker has tells us that the quality of regulation is extremely important. Brokers go to offshore regulators to get their licenses because of their lax laws. Then, scammers use that regulation to fool traders into thinking that it is safe to trade with them.

Therefore, even though Investingor is regulated, it is not an authorization that we would trust.

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• Cannot Access Trading Software

Investingor claims to offer their clients the use of the cTrader trading software. This is an excellent software, quite popular with many traders and brokers, though not as popular as the MetaTrader series.

However, despite searching for it, we could not find any link to download this software anywhere on their website.

Brokers usually boldly advertise their trading software, and they also make it easily accessible for visitors to their website. They do this by offering a demo version of their software, which is already set up with their trading conditions. This way, possible customers can check and test their trading software and trading conditions before registering with them.

The lack of an easily accessible trading software raises a red flag, since legitimate brokers will go all out to make their trading account as accessible as possible.

• Unable to Register

Another red flag that makes us rather suspicious about this broker is that we were unable to register for an account with them. When we tried to register, a message popped up that stated that our request was under review.

Brokers usually make it as easy as possible for traders to register, while still ensuring that they maintain legal KYC requirements. When we see such messages, where you cannot register easily, we know that things are not right; the chances of the broker being a scammer are high.

• Poor Trading Conditions

We also need to highlight another red flag – this broker’s trading conditions. Investingor has very poor trading conditions.

The minimum deposit for the basic account is only $50, and that seems like a good deal. However, the trading cost of so high (with spreads start from 2.5 pips), that that advantage is completely nullified.

The spreads for all account types are much too expensive. And you cannot really afford any other account type – except for the basic. The jump from the Starter account to the next level is huge.

As for the leverage ratios, they are also much too high. Most strongly regulated markets, such as the UK, the European Union, Japan, the US, Canada, Australia, Hong Kong and so on, will not allow such high leverages. For example, in the UK, Europe and Australia, the maximum allowed leverage is 1:30. So, a leverage of 1:500 is not only high risky, it is also illegal in most jurisdiction.

All in all, this broker’s trading conditions do not impress. In fact, we are rather suspicious about their unfair trading conditions – they lean towards what we have seen from many scammers.

• Issues with Payments

A clear red flag that tells us that Investingor is not trustworthy is the fact that there is no information about their payment methods. We checked everywhere on their website, and could not find out what payment options they offer. And since we could not register for an account, we could not check their payments section for ourselves.

This lack of transparency on something so basic tells us that even though this broker may be regulated, they cannot be trusted.

Conclusion

Even though Investingor is a regulated broker, we would still strongly advise people against dealing with this broker. There are too many red flags that indicate a scam with them. This is a classic example of how a regulation does not exempt a broker from being a scammer. The quality of the regulation also matters.

Investingor

2.6

User Experience

2.5/10

Payment Options

2.6/10

Security

2.8/10

Support

2.3/10

Reputation

2.6/10

Pros

• Regulated Broker

Cons

• Poor Regulation
• Cannot Access Trading Software
• Unable to Register
• Poor Trading Conditions