Updated on January 19, 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 Investex due to the issues we've identified.
Is Investex Scam or Legit Broker? ▲
Investex has been definitively classified as a fraudulent entity. This brokerage firm is incorporated offshore and lacks any form of licensing from reputable and well-established financial regulatory bodies. Engaging in trading activities with Investex is NOT SAFE. We consistently advise against conducting business with offshore brokers due to the non-guaranteed nature of the financial investment services they offer.
Registered in: St. Vincent and the Grenadines
Type of License: Offshore License
Is Investex safe to trade: No
Recommended Licenses: FCA in the UK & ASIC in Australia
Investex is an offshore Forex and CFD brokerage entity. It operates under the authorization of Investex Bank Limited, which itself is regulated by the St.Vincent and the Grenadines Financial Services Authority. However, this form of regulation is not considered stringent or reliable compared to those from bodies like the FCA in the UK or ASIC in Australia.
The contact number provided for support on their website traces back to China, highlighting that despite being based in Saint Vincent and the Grenadines, their target market includes traders in China, where they lack proper authorization. Furthermore, the Hong Kong SFC has issued a warning against Investex, raising significant concerns about its legitimacy and operational ethics.
We advocate for avoidance of offshore brokers and recommend investing with companies that hold licenses in jurisdictions with strict regulations and established client protection rules. For a broker to be licensed by the Australian Securities and Investments Commission (ASIC), it must possess a capital of 1 million AUD and maintain a physical office within Australia. A list of ASIC-regulated brokers is available for those interested in secure trading environments.
Our firm recommendation is to steer clear of Investex. We encourage opening trading accounts exclusively with brokers that are regulated by globally respected authorities, which adhere to a strict set of rules and have established a commendable reputation over their operational years.
Investex Update:
Further research has indicated that Investex is no longer operational. Attempts to access the broker's website have been unsuccessful, and there is no available evidence to suggest that the broker continues to operate. Consequently, we reinforce our recommendation to avoid any brokers based offshore due to their inherent instability and the lack of rigorous regulation.
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.
Investex Review 2024
It’s all a scam stay away from them, I was scammed by those crooks but luckily getting my money back was possible with the help of Mr Curtis Howard kindly contact him through his email address: curtishoward270@gmail.com if you are having issues withdrawing your money from your investment broker.