Invest Markets introduces itself as a trading brokerage based in Belize, holding an offshore license. Interestingly, they also assert their affiliation with the group that owns the CySEC license.
In this impartial Invest Markets review, we will provide the details to determine whether or not it merits your trust. Our primary objective is to ensure the security of your funds.
Website – https://www.investmarkets.com/
Address – Unit 303, No. 16 Cor., Hutson and Eyre Streets, Blake Building, Belize City, Belize
Warning – Comisión Nacional del Mercado de Valores (Spain), Financial Services and Markets Authority (Belgium), Commissione Nazionale per le Società e la Borsa (Italy)
Regulation – Blacklisted, Offshore
Domain Age –
| Domain Name | investmarkets.com |
|---|---|
| Date Registered | April 21, 2004 |
| Domain Age | 19 years, 5 months, 7 days, 15 hours, 29 minutes, 47 seconds |
Invest Markets Regulation
InvestMarkets operates under the trading brand of Arvis Capital Limited, which is registered in Belize. The company adheres to IFSC regulations and is listed in the authority’s register. Nevertheless, this database lacks substantial information, offering no insights into the owner’s identity, contact information, physical address, or even the registration date.
Warnings issued against Invest Markets
The definitive evidence that this broker has no connection to the EU came to light through the warnings we uncovered. The Brazilian CMV was the first to issue a notice against the firm in February 2023. According to this regulatory authority, the broker operating under the domain investmarkets.com/international lacks the necessary authorization to provide financial services.
In March of the same year, the Spanish CNMV issued a similar alert, affirming the same lack of authorization. Ultimately, both the Belgian FSMA and Italian CONSOB echoed and republished these warnings, conclusively severing any ties between Invest Markets and Europe.
Invest Markets Review: Trading Platform
Invest Markets claims to offer WebTrader and distribution of the MT4 trading platform. Because of certain broken links within the system, the conventional method of account registration, which typically involves the registration process, was not viable. Nevertheless, when we clicked on the trading button, it redirected us to this web trader platform.
Invest Markets Review: Deposit and Withdrawal Methods
InvestMarkets provides a choice of four distinct account types: Basic, Gold, Platinum, and VIP. The minimum initial deposit for the Basic account stands at $250. For the other account tiers, the minimum deposits are $25,000, $100,000, and $250,000, respectively which is high compared to legitimate brokers. It’s worth noting that the company interface displays limited payment options, primarily VISA and MasterCard, which may limit choices for clients.
Upon examining the company’s legal documentation, we observed the available withdrawal methods, including credit cards, wire transfers, eWallets, Neteller, PerfectMoney, and Skrill. However, we also noted that the withdrawal fees are relatively high, comprising 3.5% for credit cards, a 30 EUR/USD/GBP charge for wire transfers, 3.5% for Neteller, and 2% for PerfectMoney and Skrill.
Furthermore, in accordance with the Terms and Conditions document, the company reserves the right to impose a withdrawal fee of 80 EUR under specific circumstances.
Invest Markets Review: Trading Conditions
The platform displays a remarkably high leverage ratio of 1:400 for currency pairs. It’s important to note that this level of leverage is significantly above the EU’s capped limit of 1:30, which is also applicable in the UK and Australia. Additionally, the spread is relatively elevated, commencing at 3 pips for the EUR/USD pair in the Basic account. Furthermore, traders should be aware of incurring swaps and other associated trading commissions.
Invest Markets Review: Conclusion
It’s worth highlighting that despite the company’s offshore regulation, it’s been banned by several EU regulators, including CNMV and CONSOB.
If you’ve fallen victim to Invest Markets, there’s no need to panic. Take action by filing a complaint. Utilize our complaint form to report these scammers, and you’ll receive a free consultation from our experts regarding the process of recovering your funds.
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Note: The information provided in the above Invest Markets review is derived from existing web Invest Markets reviews. Please be aware that we cannot be held liable for any legal action taken by Invest Markets company. If you have any inquiries or concerns, kindly reach out to us via email at admin@scamsreport.net.