Updated on April 22, 2024
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In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding InvestCity due to the issues we've identified.
Is InvestCity Scam or Legit Broker? ▲
Upon thorough examination, it has become abundantly clear that engaging with InvestCity presents a high risk to traders and investors alike. This conclusion stems from the undeniable fact that InvestCity is an unlicensed entity, lacking any form of regulatory oversight. The absence of a regulatory framework raises significant doubts about the broker's legitimacy and operational integrity. Furthermore, suspicions of fraudulent activities have been raised, as investigations have revealed inconsistencies and lack of transparency regarding the broker's operational base. These revelations point to a disturbing possibility that InvestCity may be orchestrating its activities from an undisclosed location, far removed from its purported address. This lack of accountability and transparency accentuates the risks associated with trading through InvestCity, making it an unsuitable choice for those seeking a secure trading environment.
InvestCity, operating under the trading name Instant Trading EU Ltd, claims allegiance to the regulatory governance of the Cyprus Securities and Exchange Commission (CySEC) with a license number 266/15. The firm positions itself as a dependable platform catering to diverse investment needs, boasting an expansive portfolio of asset classes available for trading and investment. However, a concerning revelation arises from the fact that InvestCity shares its registration number with other entities, namely Insta Forex FX trading company and ForexMart, which have previously been flagged in our cautionary list of brokers. This shared licensing not only raises questions about the firm's individual identity but also casts a shadow over its operational integrity. Furthermore, associated entities of InvestCity have been penalized by CySEC for failing to adhere to client-centric regulatory requirements, highlighting a pattern of disregard for client welfare and regulatory compliance. Such concerns are not isolated incidents within the forex trading sphere but serve as a stark reminder of the importance of due diligence and the selection of reputable trading partners.
InvestCity Review Conclusion ▲
Our steadfast commitment to safeguarding the interests of traders and investors compels us to advise against engaging with InvestCity. The broker's unregulated status, coupled with alarming suspicions of fraudulent activities, present insurmountable risks that could jeopardize the safety of your investments. It is imperative to prioritize trading with brokers that have established a solid reputation for reliability and are rigorously regulated by esteemed authorities such as the FCA in the UK and ASIC in Australia. In light of this, we strongly recommend considering alternative trading partners that offer a secure and transparent trading environment, exemplified by reputable brokers like FP Markets and HotForex. By aligning with such esteemed entities, you can ensure the protection of your investments and enjoy a favorable trading experience.
InvestCity Update
Our recent findings indicate that the InvestCity website has ceased operations, rendering its trading services inactive. This development further reinforces our recommendation to exercise caution and steer clear of any potential engagements with InvestCity. The cessation of their online presence could signify various underlying issues, and it is crucial to remain vigilant against any future propositions that may emerge from this or similar entities. In the dynamic and often unpredictable realm of forex trading, the selection of a trustworthy and transparent broker is paramount to ensuring the safety and growth of your investments.
When considering alternatives, brokers like Interactive Brokers, City Index, and AvaTrade stand out. They not only offer the security of stringent regulation but also bring to the table comprehensive trading solutions that can meet the needs of both novice and seasoned traders.
InvestCity Review 2024
