Why Invinco trading platform is not a trusted trading platform! Here is what you must know about this broker Invincogmbh.de. See reviews to know all about it.
This post promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
What is Invinco?
Invinco FX otherwise known as Invincogmbh.de is an offshore brokerage with a lot of promises for forex traders. The forex company claims to offer crypto investment services to their clients.
Furthermore, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices.
What We Discovered about Invinco Forex Broker
First of, Invinco FX claims to be situated in Germany.
Following that, we found a different address in Belgium.
In order to clear the doubt, a check of the records of all relevant financial regulators shows that Invinco is not an authorized provider of financial services.
The situation always gets worsen for unlicensed brokers when some institutions issue a warning against them. Another financial authority from the Spanish regulator CNMV has blacklisted the broker for public to see.
Following this, the broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These drawbacks are for forex traders/ clients to avoid losing money with scam brokers lurking online. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Does Invinco Have Account Types?
Invinco offers variety of trading account for clients. The broker provides a leverage capped 1:200 and a spread of 0.8 pips.
Invinco minimum deposit is specified to be $250 based on the account type. In contrast, some licensed FX brokers can offer clients trading rate as low as $100 with the assurance of their trading funds.
Invinco claims to accept bank transfer and the obscure payment processor Paysmart.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
Invinco Provides What Trading Software?
Invinco openly claims to provide access to industry trading software MT4. Regrettably, we were shocked to be offered basic web trading platform that doesn’t feature extensive customization options or advanced functionality.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
Honestly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Invinco Licensing and Regulation
Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.
Having said that, it is not far from believing that Invincogmbh.de is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Invinco FX broker appears like a reliable trading platform, however, you should not take the words they say and the attractive website layout. By all appearances, the broker lacks one important indicator – its license. Thus, traders should steer clear from an unlicensed broker as its likely run by scammers. To this end, we urge our readers to rely on regulated brokers like this or any licensed entity.
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