Beware! Investing Solution FX is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
Investing Solution FX is just another broker trying to fake legitimacy by appropriating a regulated company’s name and license numbers. In reality, this broker is anything but legitimate and is not to be trusted under any circumstances – that would be a grave mistake since they have nothing to offer you but lies and deceptions. Read our review to find out why you should never invest with Investing Solution FX – it will save you a lot of trouble.
Investing Solution FX REGULATION AND SAFETY OF FUNDS
Investing Solution FX claims to be based in the UK and regulated both by the reputable Cypriot regulator CySEC and by The Securities and Futures Commission of Hong Kong. If those things were true, the broker would be completely free to offer services in the UK. If a company is licensed in Cyprus, it can operate in all EEA member states according to the Markets in Financial Instruments Directive. However, Investing Solution FX is not licensed by CySEC – a regulated company with the license number and company name provided on the website does exist but it has different domains, phone number and address.
However, this is not the broker’s only problem. It was fairly easy to find a warning issued on 11 January 2022 by the UK financial regulator, the FCA, on the broker.
What we have learned about Investing Solution FX is that the broker is completely okay with using somebody else’s license information and that they are offering financial services in the UK without being authorized to do so – this should be more than enough to convince you that working with this broker would be a mistake. We are obviously dealing with a pretty insolent scam scheme here – such ‘brokers’ don’t exist with the purpose of helping you turn a profit. Their only aim is to turn a profit themselves – by robbing you.
If you want to trade safely, enlist the services of a broker that is actually licensed by CySEC or the FCA – with such cases you can count on a huge degree of transparency and reliability, and get access to many safety nets not available with scammers like Investing Solution FX. Regulated brokers have to prove that they are financially stable by maintaining a capital of at least €730 000 – this money cannot be used for other financial operations, its only purpose is to serve as insurance. Every licensed broker is obligated to participate in compensation schemes – if they go bankrupt, clients could receive a decent compensation – €20 000 for EU-regulated brokers and £85 000 for ones licensed in the UK. Client deposits must always be kept in segregated accounts, separate from the broker’s own funds – this serves as proof that your investment cannot be reinvested by the company you have trusted your money with. This also speeds up withdrawals considerably. Negative balance protection is ensured – your losses can never exceed the amount of money you have in your account.
Investing Solution FX TRADING SOFTWARE
Investing Solution FX provides access to a quite rudimentary web-based platform that only allowed us to trade three crypto/fiat currency pairs – BTCUSD, ETHUSD and LTCUSD. Furthermore, the platform was quick to estimate our profit at around 2.5% in just a few seconds – the market became quite bullish the moment we opened a trade. It is quite common for scammers to manipulate platforms to make you believe that you are turning an unbelievable profit. The problems will start once you try to withdraw that profit – more often than not everything is completely fabricated and the money you have made don’t even exist.
Such software cannot be compared to advanced trading platforms like MetaTrader 4 and MetaTrader 5 which, with the right broker, would give access to hundreds of trading instruments and currency pairs. The MT software is a must-try for anyone who wants to get serious about trading. Both platforms offer many advanced charting tools and customizable indicators as well as features like Expert Advisors, VPSs that keep your trading bots functioning even when your computer is not on, and possibilities for setting signals for prices going up or down, or subscribing to those set by other successful traders.
Investing Solution FX TRADING CONDITIONS
The minimum deposit amount with Investing Solution FX is just $100 – which is pretty good but investing with the broker would be a mistake. As we established, they are a scam. Better check out our list of brokers with low minimum deposit if you are interested in trading affordably.
Investing Solution FX was pretty inconsistent about the leverage rates they would be able to provide you with. On the home page, we were offered leverage of 1:100 while in the “Accounts” section, the broker promised a maximum of 1:30 on all account types. 1:30 is also the leverage restriction for the UK and the EU – anything higher than that is off-limits to retail clients. These restrictions exist to protect you – since high leverage could lead to huge profits and huge losses alike, especially if you don’t have sufficient capital and enough knowledge and experience.
The spreads were said to start from 1.8 pips on EURUSD – which is already slightly higher than average. But since trading fiat currency pairs was not at all possible with Investing Solution FX, that information is obviously just another blatant lie.
Investing Solution FX DEPOSIT/WITHDRAWAL METHODS AND FEES
Investing Solution FX gave absolutely no information about the payment methods available, or on any additional fees you might have to pay. The broker’s client area malfunctioned and would not let us access the “Deposit” section. Investing with unregulated scammers is not the brightest idea anyway – ignore them and turn to a reliable broker instead. This way you might actually be able to turn a profit.
HOW DOES THE SCAM WORK?
The weird thing is that such scams are never very imaginative but they seem to trick a lot of people – you see an ad on the Internet for a broker’s website and decide to check their website out. Then you start thinking to yourself “Man, that actually sounds great, I should maybe register an account to find out what they have to offer.”
Once the scammers have received your contact details, they won’t leave you alone before you deposit – and with time, they will start asking for bigger and bigger sums. You will probably see that you have turned an unbelievable profit in no time so you will keep transferring money – just know that it is fairly easy for platforms to be manipulated. At some point, of course, you would want to withdraw and this is where it gets complicated. All sorts of clauses in the Terms and Conditions and additional fees will show up – the scammers will try to delay your withdrawal and milk you as much as possible. By the time you figure out something is wrong, your “broker” will be long gone – with your money.
WHAT TO DO IF SCAMMED?
Be prepared that happy endings are not very likely and the chances of you seeing your money again are not big. That is why prevention is key – you should always read Terms and Conditions carefully and make sure that your broker is legitimate by checking if they are actually licensed.
If you got scammed, there are still things you could do. Notify the authorities in your country and share your story with as many people as possible – this way, they would know to avoid such types of scams. Change all passwords that you gave the scammers access to. If you have deposited with a credit or debit card, ask your card provider for assistance – you could get a chargeback within 540 days with both Visa and MasterCard. Bank transfers are a bit harder to reverse but that is still not impossible.
Finally, don’t trust anyone trying to pass as a recovery agent and offering to retrieve your money for a small fee – this is just another type of scam, usually conducted by the same people that robbed you in the first place.