Thinking of getting into business with FXInvestCrypto? Here is what you must know about this broker. Carefully read this review to find out if fxinvestcrypto.com is the trading platform you will want to trade with.
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About FXInvestCrypto Broker
FXInvestCrypto is an offshore brokerage company with a lot of promises for traders. The broker address shows it is from 20 Cooper Square, New York, NY 10003, USA.
Added, the broker claims license under FCA in the United Kingdom, ASIC in Australia and CySEC in Cyprus.
To clarify, in spite the trading instruments FXInvestCrypto claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
fxinvestcrypto.com: Reasons to Avoid This Broker
Firstly, fxinvestcrypto.com is a platform with no financial authority overseeing its financial services. We discover the broker is not recognized under Financial Conduct Authority(FCA), UK as a licensed entity as it claims. Additionally, US financial authority, the National Futures Association (NFA) does not have this broker on its data-base.
Secondly, we noticed fxinvestcrypto.com has a free account for traders. We advise you don’t waste your time on that, so you don’t get lured into trading real fund with this unregulated broker
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are red flags for forex traders to avoid losing money with this scam broker. In fact, It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Withdrawal and Deposit
Withdrawal process
Under the withdrawal policy, FXInvestCrypto leaves us with no specific information on what fees forex traders will be charged for any withdrawal nor processing days on each withdrawal. Truly, this broker is a scam and its fraudulent schemes are clear.
Minimum Deposit
FXInvestCrypto minimum deposit is not available.
As for the payment methods, the broker accepts Debit/Credit, Bank Transfer and eWallets. But, you should not consider making any payment with this broker because it is a risk. So beware!
FXInvestCrypto Platform
FXInvestCrypto offers web based trading platform and not MT4 or MT5 (Industry standard trading platforms) which gives us more reason not to take this broker serious.
As for the leverage, the broker mentions 1:100. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
FXInvestCrypto Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
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Conclusion: Is fxinvestcrypto.com a Reliable Broker?
No, fxinvestcrypto.com does not seem like a reliable broker for traders even though it promises offers that look good to be true.
Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
Because we have taken it as a duty to review scam forex brokers and also share reasons, we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.