While InvestBY managed to get a questionable regulation and keeps trying to persuade us it’s a legitimate company, traders have an entirely different opinion.
That’s why today, we would like you to read our honest InvestBY review and find out who the brokerage really is.
- But firstly, we want to invite you to read our recently updated InstaForex, TradedWell and Primefin scam broker reviews. Your funds are in danger with them!
|Broker Status:||Regulated European Broker|
|Regulated by:||NBRB (Belarus)|
|Operating Status:||Alleged Forex Trading Scam|
|Blacklisted as a Scam by:||N/A|
|Broker Owner:||TechFX LLC|
|Online Trading Platforms:||MT4, WebTrader|
|Broker Deposit Bonus:||Up to 50%|
|Crypto Assets:||BTC, ETH, XRP (more than 30+ cryptos)|
|Available Trading Assets:||Cryptos, Forex (FX), Commodities, Indices, Shares|
|Free Demo Account:||No, only live trading acoounts|
|Accepts US Clients:||US traders are not accepted|
|Global Fraud Protection Experts’ Verdict:||Don’t Invest in This Scam Broker!|
Is InvestBY Safe And Regulated? – The Importance Of Regulation
Yes, regulation is one of the essential things when checking a brokerage. However, it’s not enough to have just any regulation. Preferably it should be a Tier 1 license from FCA, ASIC, BaFin, and similar firm regulators. As per the question, if InvestBY is regulated and by whom, we can say it has an NBRB license.
Questions About InvestBY License – Reputation Problems
InvestBY is owned by TechFX LLC registered in Belarus, with the regulation coming from the National Bank of the Republic of Belarus. With all due respect to this authority body, it cannot be compared to Tier1 license providers.
Besides, the broker has a terrible reputation among traders themselves, making InvestBY regulation irrelevant.
InvestBY Reviews – Trading Opportunity or Forex Scam?
Since many are wondering if it’s possible to make any money with InvestBY forex brokerage, we can reply shortly – no. Besides lousy regulation, the broker has severe issues with withdrawals. According to InvestBY reviews, anyone who wants to withdraw their funds will be humiliated, poorly advised, and end up losing their capital.
Also, some clients said broker’s account managers told them they would never get their funds back and didn’t even bother to explain basic trading procedures to newcomers. As far as we can see, InvestBY is way more a scam than an opportunity.
InvestBY Trading Platform Review – Trading Software
As there’s a lot of negative things, we have to stay that we were pleased by the InvestBY trading platform offer. The broker provides clients with a classic web trader, but more importantly, there’s an MT4 – the best of the best in the trading industry.
Since the broker itself develops web trader, we would immediately advise you to avoid it. However, if you’re curious to see more, you can check it out by clicking on the tab Platforms and choosing WebTrader. There, you can have a short glance before making any deposits.
InvestBY MT4 – MetaTrader 4 Platform
As any MT4, this one provides a vast number of charts, technical indicators, and other trading tools such as Take Profit and Stop Loss. One-click trading is enabled along with an automated trading system, which you should avoid for your own safety. If you’re looking for the best desktop platform, MT4 is the one.
InvestBY Mobile App – iOS & Android Trading
While MT4 comes as an app for Android and iOS, the broker also provides a proprietary web trader app similar to the web trader itself. Based on your preferences, you can choose and download any of those.
Which Products Does InvestBY Offer? – Trading Assets
Company offers trading with:
- 45 currency pairs (forex)
- 30+ cryptocurrencies
- 30+ stocks
- 20+ commodities
- 15+ indices
Also, each of these assets has its own leverage and can be traded on both of the trading platforms. However, since NBRB regulation doesn’t really protect investors, those who choose Forex trading have access to leverage up to 1:500, which is extremely risky for your funds.
InvestBY Trading Accounts – Account Types
Additionally, InvestBY offers 3 different account types:
Accounts differ in the leverage, swap discount, and spread. However, the InvestBY minimum deposit remains unrevealed, making the entire company look suspicious. According to reviews, many clients started with $500 initially, so it could be the standard requirement.
While the broker offers an Islamic swap-free account, a Demo account doesn’t exist. Closest to that would be a peak to a web trader, as we previously explained.
InvestBY Withdrawal Methods – How To Withdraw Money?
Once you want to withdraw your funds, you can use one of the following methods:
- Wire transfer
Allegedly, there are no fees for withdrawals above 50 EUR, while for anything less, you will have to pay a 25 EUR fee. Also, if you don’t use your account for over 2 months, you will be charged a dormant fee of 160 EUR, and in case the account is inactive for more than 550 days, the fee is 500 EUR. These fees are charged involuntarily, and clients cannot complain.
However, if not even impossible, withdrawals are complicated with the InvestBY trading scheme.
InvestBY Deposit Bonus – Welcome Bonus Scam
While offering a bonus and swap discount on each deposit, InvestBY is actually expanding its scheme. Nobody will tell you that you will have to restrain from withdrawals until you reach a specific rollover, which is mostly unreachable without additional investments from your side.
Also, this is a classic trap of scammers used on inexperienced clients to prevent them from ever getting their funds back. So, don’t fall for this trading fraud and report it immediately.
InvestBY Withdrawal Issues – No Money Withdrawal Guarantees
As discussed throughout this InvestBY review, withdrawal issues are the most challenging problem clients are facing. Since NBRB is not such a trustworthy regulatory body and companies are not obliged to have a compensation fund, you have no guarantees of any kind for your money. So, beware of it, and don’t fall for the InvestBY trading scam!
What To Do If You Fall For An InvestBY Scam? – File A Complaint!
To sum up, if you were scammed by InvestBY, let us know. We will help you file a complaint and get a chargeback. Global Fraud Protection received numerous complaints against the broker and decided to assist the victims.
Contact us via online chat, book your free consultation, and let’s get your hard-earned money back!
Don’t Let the Scammers Go Away for Free!
What Is InvestBY, And Should I Invest Money In It?
As we dicsovered, this is a newly established online trading brokerage from Belarus with a bad reputation.
What Is The InvestBY Minimum Deposit?
Unfortunately, broker doesn’t disclose information related to a minimum deposit.
Which Trading Platforms Are Supported By InvestBY Broker?
The broker supports MT4 and web trader for desktop and mobile devices.
Are My Funds Safe With InvestBY?
Based on InvestBY reviews, we can say the broker has many issues related to withdrawals, making it unsafe.