Welcome to our review of The Investment Center, where we will conduct a quick and thorough analysis of this broker to determine whether it is reliable or potentially a scam. We will carefully examine the services offered, trading conditions, and customer feedback to provide you with an objective understanding of this company’s operations.
- The Investment Center General Information
- Registration and Client Portal Review
- The Investment Center Trading Conditions
- Account Types Review
- Trading Platform
- The Investment Center — Deposit and Withdrawal of Funds
- Additional Options
- Is The Investment Center a Scam?
- Legal Information and License
- Investmentcenter.online Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
The Investment Center General Information
|Leverage||Up to 400|
Registration and Client Portal Review
Upon visiting the official website of The Investment Center, our initial observation was an imposing and colossal column that caught our attention. Upon closer examination, we realized that the design resembled Greco-Roman columns, leaving us puzzled about its relevance to trading. The website’s aesthetic seemed disconnected from the trading industry, lacking the modern and professional appearance we would expect from a reputable broker.
As we delved further into the website, we noticed a concerning lack of substantial information about the company itself. Instead of providing concrete facts about their history and mission, the website seemed to be filled with vague and generic statements that lacked any real substance. Furthermore, we discovered a disturbing trend of concealing crucial legal information.
The registration process at The Investment Center was surprisingly quick and straightforward. We were taken aback by the minimal amount of information required during the registration form.
To our surprise, they didn’t bother to verify our email or phone number either. It was like handing someone the keys to your house without asking for their name first. We couldn’t help but joke that maybe they believe in the saying, “Ignorance is bliss,” but in the world of online trading, it’s better to be safe than sorry.
A secure and reliable broker should ensure a thorough and proper registration process to protect its clients and provide them with a sense of security.
The Investment Center’s so-called “convenience” of combining the personal cabinet with the trading terminal turns out to be more of a hassle than a benefit. The cluttered and confusing interface overwhelms traders, making it challenging to navigate the platform effectively.
The Investment Center Trading Conditions
We had low expectations for this broker, but let’s take a look at its trading conditions.
Account Types Review
The Investment Center has four types of accounts, each with varying minimum deposits and additional services. Trading can be initiated with just $250, but the leverage is limited to 1:100, and the additional services are minimal, such as market analysis.
Moving on to the GOLD account, a significant deposit jump of $10,000 is required. However, the broker fails to offer anything exceptional in this account type. While the spreads may be slightly lower, it hardly justifies the $10,000 difference. The leverage is increased to 1:200, and risk management planning is included.
The Platinum account sets a hefty deposit requirement of $50,000. Again, there are hardly any substantial improvements over the previous account type. The leverage is raised even higher, and the spreads are slightly tighter.
Notably, the VIP account is only accessible through an invitation from The Investment Center. Overall, the trading conditions offered by The Investment Center are quite lackluster. The differences between the account types are minimal, and the trading conditions do not offer much to entice traders.
The trading platform offered by The Investment Center is a major disappointment. First, it is important to note that the platform is only available as a web-based version, with no desktop or mobile apps.
Besides, the web-based platform itself is far from impressive. The user interface is clunky and outdated, making navigation and trade execution a cumbersome experience. It lacks essential features and analytical tools that are commonly found in modern trading platforms. Traders are left with minimal customization options and limited charting capabilities, hindering their ability to conduct in-depth technical analysis.
The Investment Center — Deposit and Withdrawal of Funds
The Investment Center offers multiple deposit and withdrawal options, including bank cards, cryptocurrencies, and bank transfers. However, it is concerning that the broker does not provide any information regarding the associated fees or commissions for these transactions.
Moreover, in their withdrawal policy, we discovered that the company processes withdrawal requests within a lengthy time frame of 7-10 days. Such a prolonged processing period can be highly inconvenient for traders, especially those who require quick access to their funds.
To initiate the withdrawal process, clients at The Investment Center are required to undergo a verification procedure. The verification process involves submitting valid identification documents, such as a government-issued ID or passport, and proof of address, such as a utility bill or bank statement. Clients need to provide clear and legible copies of these documents through their account’s verification section or by contacting the broker’s support team.
The Investment Center boasts various additional services, but upon closer examination, it becomes evident that they are more like an assortment of useless add-ons. These services are provided by anonymous individuals, raising concerns about their credibility and reliability. Furthermore, the broker’s Personal Cabinet lacks the necessary functionality to support these services, making them seem like nothing more than a mere marketing ploy.
Is The Investment Center a Scam?
We are almost convinced that we are dealing with a scam. Let’s put our suspicions to the test and investigate further.
Legal Information and License
The Investment Center maintains complete anonymity, as no registration details are disclosed anywhere, including the office address. Clearly, this raises serious concerns as it violates all laws and regulations. The high leverage of 1:400 suggests that it is not regulated by reputable European supervisory authorities. We even cross-referenced the contact number with the UK registry, given the British prefix, and unsurprisingly, no company named The Investment Center was found there. What could be worse than an anonymous company without proper legal registration and licensing?
Investmentcenter.online Domain Info
It gets even worse if this anonymous company is also lying about its history. In the “About Us” section, we read that The Investment Center was established in 2020. However, it’s all nonsense. The domain was registered at the end of 2021, and that is the actual age and duration of the project’s existence.
The Investment Center provides contact options such as a telephone number and an email address. However, it’s no surprise that there is no physical address, as in reality, this broker seems to be non-existent.
One of the major drawbacks of this scam is its interference in traders’ trades. According to the client agreement, The Investment Center has the authority to intervene in almost everything, including the volume and quantity of your open positions. In other words, you will face a clear conflict of interest with the broker. And to make matters worse, it’s not just with a regular broker but with a fraudulent organization. So, imagine having a conflict of interest with a fraudulent organization – will they allow you to earn even a penny? Definitely not.
Pros and Cons
- None found.
- Lack of transparency and registration information.
- No licenses.
- Short working period.
- Questionable withdrawal policy.
- Absence of a dedicated trading platform.
Frequently Asked Questions (FAQ)
The Investment Center claims to offer various trading services, including access to financial markets, trading instruments, and investment opportunities. They advertise a wide range of trading assets, such as stocks, forex, cryptocurrencies, and commodities. Additionally, they mention the availability of advanced trading tools and educational resources for clients.
The minimum deposit requirement at The Investment Center is subject to their trading conditions and starts at $250.
While The Investment Center may present itself as a trading service provider, there are several red flags that raise concerns about its safety and legitimacy. The lack of transparency regarding its regulatory status and the absence of essential legal information, such as licensing details and company registration, cast doubt on the trustworthiness of the company.