Updated on February 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 TradeInvest90 due to the issues we've identified.
Is TradeInvest90 a Scam or Legit Broker? ▲
TradeInvest90, operated by Celestial Trading Ltd., is an entity registered in the Seychelles, a jurisdiction known for its minimal regulatory requirements and oversight. This lack of stringent regulation poses a significant risk to traders and investors, as it allows for a more lenient operational environment for brokers, often to the detriment of client security and transparency. Seychelles has garnered a reputation as a haven for brokers who wish to conduct their business with minimal regulatory interference, a fact that has attracted not just TradeInvest90, but also other dubious entities like AG Capitals and Swift Bit Options, among others.
Given these factors, our assessment unequivocally advises against engaging with TradeInvest90 and similar offshore-registered brokers. The risks associated with such entities far outweigh any potential benefits, as the safety of your investments cannot be guaranteed under such lax regulatory environments.
TradeInvest90 extends a broad spectrum of trading assets, encompassing Forex, CFDs, stocks, bonds, futures, indices, and cryptocurrencies. Despite the diverse offering, significant concerns arise from the broker's operational practices. Notably, all payments are purportedly processed through CELTIC PAY LTD., situated in the United Kingdom, yet TradeInvest90 lacks the requisite authorization to provide financial services within the UK. Further compounding these concerns are the broker's misleading claims of being licensed and regulated by the Montenegro security exchange commission - claims that have been proven to be false.
Additionally, the Austrian Financial Market Authority (FMA) has blacklisted TradeInvest90, explicitly stating that Celestial Trading Ltd / TradeInvest90 is not permitted to conduct banking transactions that necessitate a license within Austria. This prohibition underscores the broker's unauthorized status and highlights the regulatory breaches inherent in its operations.
Broad range of trading assets
Offshore registration in Seychelles with minimal regulatory oversight
False claims of licensing and regulation
Blacklisted by the Austrian FMA
Lack of authorization to offer services in the UK
In light of the foregoing, our recommendation to investors and traders is to steer clear of TradeInvest90 and other Seychelles-registered brokers. The risks presented by the lax regulatory environment and the broker's questionable practices significantly jeopardize the safety of investments. It is imperative to opt for brokers regulated within jurisdictions that offer robust investor protections, such as the UK's Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC).
Recent developments have seen the TradeInvest90 website become inactive, further diminishing the broker's credibility and accessibility. Despite this, traders should remain vigilant against any trading proposals that may emerge, as the risks associated with TradeInvest90 remain prevalent. Our comprehensive analysis, grounded in an extensive review of over 1000 brokers, underscores the importance of choosing well-regulated and transparent brokers for your trading endeavors. This approach ensures the safety of your investments and provides a more secure trading environment.
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.
TradeInvest90 Review 2024
