Generally speaking, an InvestFW broker seems like an ideal place. Holding Tier1 regulation, offering regulated trading conditions.
However, there are more things that brokers are expected to fulfill so they could be considered prominent investment firms worth your money. So read our honest InvestFW review to find out what’s behind the license.
|Broker Status:||Offshore Regulated Broker|
|Regulated by:||CySec Regulation|
|Operating Status:||Forex and Crypto Trading Firm|
|Blacklisted as a Scam by:||N/A|
|Broker Owner:||iTrade Global CY Ltd|
|Online Trading Platforms:||WebTrader|
|Minimum Deposit:||250 EUR|
|Deposit Bonus:||No Bonuses|
|Crypto Asset Trading:||BTC / XRP / ETH|
|CFD Trading Option:||Yes, you can trade CFDs|
|Available Trading Instruments:||Forex (FX) / Stocks / Commodities / Indices / Cryptocurrencies|
|Islamic Account:||Not Available|
|Free Demo Account:||Available|
|Accepts US Clients:||US traders are not accepted|
|Global Fraud Protection Experts’ Verdict:||Be careful with this broker!|
InvestFW Regulation – CySec Licence as a Shield
The broker InvestFW is a brand owned by iTrade Global CY Limited from Cyprus, holding CySEC license number 298/16. This same company owns two other entities – TradeFW and TradedWell, both under the same license.
The fact that InvestFW regulation comes from a reputable regulator such as CySEC means a lot. Yet, the license is not everything.
Since this particular one was issued back in 2016 for another brand and the company has changed its name and few domains since it was established, it led us to question its worth.
With the rising number of trading companies and their name and domain change, how valid is a 6 years old license?
Not much if other trading conditions are not satisfying. Let’s dive deep and conclude whether or not you have a reason to be concerned about the InvestFW trading scam.
Where Does InvestFW Broker Work?
As a CySEC regulated brokerage, InvestFW forex broker can operate all around the EEA zone and additionally in the countries where it complies with the trading regime.
As per our information, the majority of clients come from Germany, Albania, Spain, and Cyprus. Furthermore, the broker added on its website that it’s on the TPR regime for the FCA license and can provide limited services.
Yet, if you check the FCA website, you will find iTrade Global CY Limited and two other entities, but there’s no word on InvestFW. Should we be suspicious?
What Trading Platforms Are Available?
Here comes a major disappointment. When dealing with licensed brokers, you would expect to be provided with advanced tools, including MT4 or MT5 software.
Unfortunately, the InvestFW trading platform is limited to a rather poor Web trader without automated or social trading or any unique features.
Furthermore, trading conditions are equally disappointing since the spread starts from 3 pips for EUR/USD pair. Just for your compartment, the industry average is around 1 pip.
Mobile Trading App for iOS and Android
There’s a dedicated mobile app for both Android and iOS devices. If you want to enable InvestFW login via mobile, it’s necessary to download the app using the link on the broker’s website and set everything up.
However, don’t hold your breath as the app is based on a Web trader and contains even fewer charts and indicators.
What Can You Trade With an InvestFW Broker?
We were a bit confused about trading assets as the broker makes different claims in different parts of the website. The Account Type section says you can choose among 200 CFDs, including:
- Forex pairs
However, the main page indicates that clients have access to 4 major cryptocurrencies – Bitcoin, Ethereum, Ripple, and Litecoin.
All assets come with regulated leverage of up to 1:30 for the Forex market since CySEC belongs to Tier1 regulators that have decided to put an end to leverage of 1:200 and more, as provided by offshore scammers.
After lots of struggle, we’ve learned that InvestFW’s minimum deposit is 250 EUR, so that’s what you need to gain access to trading instruments.
InvestFW Trading Accounts Review
If you decide to try your luck and start trading, you can choose between 4 InvestFW account types, including:
As a regulated broker, we were surprised to see how mysterious InvestFW is about the initial deposit. Also, there’s absolutely no difference between these account types, so we’re a bit confused here about reasons why someone would upgrade to a higher level if they don’t gain anything.
Demo Account – Risk-Free Environment
One good thing is access to the InvestFW Demo account. Before putting down the money, clients can open a virtual account and check the broker’s offer and market conditions and then make an educated decision about proceeding.
InvestFW Deposit Methods – How To Deposit?
If you thought that confusion was over and we would have some clear information, it seems it wouldn’t have happened.
The broker added to its website the logos of numerous e-wallets known for safe transfers, such as PayPal and Skrill.
However, once you check the deposit page, this is all you get:
- Visa / MasterCard / Maestro
All deposits are without fees from the company’s side; all you have to cover is the payment provider’s expenses. Withdrawals are free of charge as well, except for wire transfers.
One small thing that concerns us is that depending on the payment method you choose, your funds may be processed through the Bank of Lithuania, and we all know how infamous this institution has been for the last few years. That’s something to think of when considering options.
Do You Have Problems With an InvestFW Broker?
With everything being said, we were not surprised to receive InvestFW complaints. Global Fraud Protection is currently in the process of assisting those who are experiencing withdrawal or any other problems with this brokerage.
All In All, Don’t Let the Scammers Get Away for Free!
What Is The InvestFW Minimum Deposit?
InvestFW requires a minimum deposit of 250 EUR to open an account.
Can I Trade Cryptocurrencies And CFDs With InvestFW Broker?
You can trade both crypto and CFDs with an InvestFW broker.
Does InvestFW Have a Mobile Trading App?
Yes, InvestFW has a mobile app available for Android and iOS devices.
Are My Funds Safe With InvestFW?
The broker is regulated by CySEC, so you have access to reimbursement funds.