InvestMarkets – Is it the legal or scam broker?

Broker InvestMarkets raises many questions from traders, the answers to which can be found in various reviews. Most traders are trying to find out if InvestMarkets is a legal or scam broker? You will soon find the answer to this question in this review.

Few people know about the existence of this broker directly from the search. The most famous is its previous name 24option. However, this brand has ceased to exist. Now registration for all clients is possible with the “new” brand Invest Markets.

Is InvestMarkets a legit or scam broker?

The broker is operated by Arvis Capital Limited. Arvis Capital Limited is now regulated by IFSC Belize. This regulation is not the best, but it allows legit financial activities of a InvestMarkets in many countries.

But it’s not that simple. Even with a regulator and legal activity, InvestMarkets is most likely a scam.

There are several reasons for this.

Firstly, this company has 4 almost identical brokers. These are InvestMarkets, FXTB, Ubrokers and Investous. They also own 24Option, but now the brand has ceased to exist. Having a large number of identical brokers is a typical sign of scam, as in this case with InvestMarkets.

One broker loses the trust of traders and after that they just create a new one. So it happened with the brand 24Option, instead of which InvestMarkets.com was created in September 2020.

Secondly, the broker has poor trading conditions and rules. Large minimum deposit, high spreads, useless bonus and more. There are many conditions in their rules under which they can easily engage in fraud. For example, they are not responsible for the correctness of the trading platform and may cancel your trades due to incorrect quotes. Therefore InvestMarkets is a scam broker and not a legal one.

Another proof is the reviews of traders.

Reviews of traders about the investMarkets

You can find a lot of reviews about InvestMarkets scam. Traders claim that managers call and persuade them to make large deposits. Then they help in trading. More precisely, they do everything to make you lose your deposit. In addition, if your trade is still profitable, the broker will refuse to withdraw your funds.

Many traders themselves notice that this company has several brokers. And they all have legal regulation, but they are not reliable.

As a result, the reviews of InvestMarkets traders indicate that the broker is scam and is not legit. You will not be able to get your money back, much less make a profit.

Invest Markets CFD and forex trading platform

Invest Markets provides its own platform for forex and CFD trading. The same platform is used by all brokers from this company.

First, you are offered a choice between opening a demo and a live Invest Markets account. After that, you go to the forex and cfd trading platform.

The broker has about 260 assets. It should be noted that there are enough timeframes and technical indicators for technical analysis. The broker’s spreads are too large for both forex and CFD assets. The only way to reduce spreads is to raise your account level.

In general, the Invest Markets platform for forex and cfd trading is convenient, but the conditions are very poor. And as described above, the broker is scam. It is better not to make even a minimum deposit, because you will not be able to withdraw money.

Demo account and account types

Broker InvestMarkets has a demo and 4 types of real accounts. You can trade on demo for an unlimited time. This is one of the few advantages this broker has.

To trade on a real account, you need a minimum of $ 250. The types of accounts and their privileges seem completely ridiculous. You only get reduced spreads and free withdrawals. And this requires huge deposits. It looks like the broker will try to get as much funds as possible at once. And managers will contribute to this.

Deposit and withdrawal

InvestMarkets has a minimum deposit of $ 250 and a minimum withdrawal of $ 120. The rules say that withdrawals can take up to 5 days. In fact, many traders claim that the broker does not withdraw funds. This is supported by the fact that their previous brand 24Option also received numerous complaints about this, and was even fined by the regulator CySEC for it.

In addition, the broker has high withdrawal fees and inactivity. Commissions are 3.5% for most payment methods. For inactivity, the maximum commission can reach up to 1000 EUR per month.

Final review of InvestMarkets

As a result of the review, InvestMarkets is a scam and is not suitable for Forex and CFD trading.

This is a new brand from the owners of 24Option, which was created due to the complete loss of traders’ trust. Even the legal regulation of the IFSC gives no reason for its reliability. Most likely, the regulator has not yet suspected InvestMarkets of scam due to their recent appearance in 2020.

But some traders already know that the brokers of this company cannot be trusted. These include FxTB, Ubrokers and Investous (as well as 24Option, which stopped working). Each of them will have a separate review in order to warn traders against scammers.

In sum, you should consider a more reliable broker for CFDs trading, such as Plus500, eToro, Libertex or others).

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