Looking for a reliable and trustworthy online broker can be a daunting task. There are countless options out there, and it can be challenging to navigate the waters of the trading world. Unfortunately, not all brokers are created equal, and some may have ulterior motives that could scam you and leave you high and dry. In this review, we’ll investigate InvestOFund, an online broker that has been making waves in the industry. Read on to find out more about whether it’s the right company for you.
- InvestOFund General Information
- Registration and Client Portal Review
- InvestOFund Trading Conditions
- Account Types Review
- Trading Platform
- InvestOFund — Deposit and Withdrawal of Funds
- Additional Options
- Is InvestOFund a Scam?
- Legal Information and License
- Investofund-group.com Domain Info
- Contacts Review
- Pros and Cons
- Frequently Asked Questions (FAQ)
InvestOFund General Information
Registration and Client Portal Review
InvestOFund’s official website is a total disaster. It’s filled with empty promises and lacks crucial information that every trader needs to know. The platform is clearly designed to lure in unsuspecting investors with flashy graphics and vague statements about the services of the company. However, when you actually try to find out more about its trading conditions, fees, or even its regulations, you’ll hit a wall of silence. This lack of transparency is a major red flag for any investor, and it’s clear that InvestOFund has something to hide.
The registration process on this website is way too simple. It seems like InvestOFund doesn’t even bother to verify users’ phone numbers and emails. This is a clear sign of unprofessionalism.
The Client Portal is also extremely disappointing, with a generic design and a lack of useful features. It feels like InvestOFund is only interested in getting clients to deposit money, as it immediately redirects you to the funding page as soon as you log in. It’s clear that this is a third-rate broker that doesn’t care about providing quality services to its clients.
InvestOFund Trading Conditions
Everything that we have already considered clearly hints that the broker is unlikely to become a good partner for trading. However, perhaps we are wrong?
Account Types Review
The trading accounts of InvestOFund are nothing short of a scam. With a minimum deposit of a whopping 12,500 euros, they are clearly targeting only the wealthiest of clients. And what do you get for such a large deposit? Sky-high spreads of 2.8 pips or more. To make matters worse, the different account types offer nothing more than varying levels of leverage. The more you deposit, the higher your leverage, which can go up to 1:400. This clearly indicates that InvestOfund does not send your trades to the interbank market. It is probably just a third-rate brokerage trying to make a quick buck.
The trading platform of InvestOfund is just plain awful. It has an outdated design and a clunky interface. It’s not user-friendly at all and you’ll have a hard time finding the tools and features you need. The worst part is that it’s prone to freezing and crashing, which can result in huge losses for traders. It’s clear that this broker doesn’t invest in improving its trading platform. A good trading platform is essential for successful trading, and the fact that InvestOfund neglects it shows that it doesn’t care about its clients’ success.
InvestOFund — Deposit and Withdrawal of Funds
Regarding depositing and withdrawing money from InvestOFund, things only get worse. The only available options are cryptocurrencies. It is inconvenient for many traders who may not be familiar with crypto. It also raises concerns about the legitimacy of the broker. This lack of traditional payment methods also means that there is no way to dispute or reverse transactions, leaving traders vulnerable to potential scams.
Despite the lack of information on the broker’s website, InvestOFund requires its traders to go through a verification process. This procedure involves submitting personal identification documents, proof of address, and in some cases, a selfie with the documents. The process can take several days to complete and can be quite tedious for traders.
InvestOFund doesn’t even have any additional services. At least they are not described. There is only a personal manager, as well as permission for crypto trading, and scalping.Although in the client agreement, a whole section is devoted to bonuses. However, no detailed information on their size or terms of accrual is indicated.
Is InvestOFund a Scam?
We would never seriously consider partnering with InvestOFunds. We have quite good reasons for this.
Legal Information and License
InvestOFund doesn’t provide any legal information whatsoever. We don’t know what kind of company it is, where it’s registered, or if it’s licensed. This is problematic because it’s important to know who you’re dealing with regarding financial services. Without this information, it’s impossible to determine if the broker is legitimate and trustworthy.
It’s clear that this project exists outside the legal framework and is essentially just an anonymous website. This means that there is no accountability or oversight, and customers are taking a risk by depositing their money with this broker.
Investofund-group.com Domain Info
InvestOfund is also relatively new, with the first reviews appearing only recently. We conducted a domain check and found that the website was created on December 6th, 2022. It’s generally not advisable to work with newly established brokers for several reasons.
There is a lack of a track record and reputation to rely on. Established brokers have a history of performance and customer feedback that can be used to assess their credibility and trustworthiness. With a new broker, there is no such thing, making it difficult to determine their reliability.
InvestOFunds only provides an email address for customer support, with no phone number or physical address available. This is problematic for several reasons.
First, it’s important to have multiple ways of contacting a broker in case of any issues or concerns. With only an email address, communication can be slow and inefficient, especially if urgent matters need to be addressed.
Second, the lack of a physical address or phone number raises questions about the broker’s legitimacy.
Pros and Cons
- Permission for crypto trading and scalping.
- No official registration.
- No license.
- Short lifespan.
- Ridiculous trading conditions.
- Negative reviews.
Frequently Asked Questions (FAQ)
InvestOFund offers CFD, crypto trading, and scalping.
The minimum deposit amount is huge. You have to fund your account with 12,500 euros.
No, InvestOFund is not safe. There are numerous red flags indicating that it is a scam company. It’s advisable to stay away from this broker and seek a more reputable and trustworthy alternative.