Inverbid review – 5 things you should know about inverbid.net

Beware! Inverbid is an offshore broker! Your investment may be at risk.

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Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

Inverbid is a clunky and shady broker that is a risk to all, and there is no doubt about that. Completely within our reason and capabilities we have written the following review that exposes the scammer elements of Inverbid.

Inverbid Regulation and safety of funds

There are ton of misleading details here, none of whihc applies, but they all deal with the same thing: that Inverbid is completely unlicensed, and a confusion of legal info.

The legal documents claim that the broker is registered under the laws of Vanuatu, but this is not sufficient proof to conclude that Inverbid is regulated by the Vanuatu Financial Services Commission, nor in any way connected to Vanuatu legally; it’s all part of the game that Inverbid plays with the users’ heads.

As for the footer, we find a Nicosia-based address, suggesting that the firm is registered in Cyprus, which would usually also suggest a CySEC regulation. But, obviously, Inverbid is not regulated in the island nation.

The the website’s regulatory section claims the firm to be licensed by all of the following: ASIC, FCA, CySEC, and IIROC in Canada. All these are lies, and if the firm was really regulated by all of these, it would mean that Inverbid is in the top brokers list, which is obviously isn’t’. Inverbid is a pure scam.

Inverbid Trading software

The web trader we got, which subsequently turned out to be the HUB area i.e the actual client portal, was all in Russian with no way to change the language. The only reason as to why that is is to think of Inverbid as a Russian scam or one directed at Russians. Either way, it’s a risk.

As for the web trader, there’s really nothing worth of value to say about it. It’s simple and reduced to only simple features, with a couple of utilities here and there. But the presence of a few scattered helpful options a good web trader does not make. And let us not forget that Inverbid is illicit.

Inverbid Trading instruments

From the web trader, the available assets were commodities, forex currency pairs, crypto, ETFs, shares, and indices. Objectively speaking, this si a great selection, but from the point of view of Inverbid, it’s a waste of resources. Trading with these will be a risk.

Inverbid Spreads and cost of trading

The web trader provides spreads for major FX pairs, but not without a bit of controvesy, mostly because the spreads are way too low. The EURUSD’s is 0.2 pips, the one for the GBPUSD is 0.1 pips, and the USDJPY cost of trade is 0.1 pips. These are highly misleading, and we are sure that Inverbid has either manipulated them or there is a hidden commission applied by the firm.

Inverbid Maximum leverage

The leverages are pretty straightforward, then from the broker’s web trader. So there are as accurate as they can be. The FX spread is 1:100, shares’ leverage cap is 1:100, and for crypto it’s 1:10.

Inverbid Deposit and withdrawal methods

The user area reveals only the availability of crypto based payment methods, specifically BTC and Tether. The user is told to invest directly into some sort of untraceable crypto wallet. The site reveals that the deposit can take up to 24 hours on occasions.

As for withdrawals it may take up to 2 days to process. However, we then reached this odd clause in the legal docs which is difficult to get around:

So, does this mean that the user has to wait for 20 days after his deposit in order to make a withdraw request? Or does it refer to a 20 day period in which all withdrawals are free? There is no way to be sure; we just wanted to point out a very shady clause by a scammer broker.

Inverbid Minimum deposit

The minimum deposit requirement is $1, which is the perfect minimum deposit were it not for the fact that Inverbid is a scam and it offers crypto-only deposit means. The $1 deposit is very smart since it basically lower the expectation of the client and draws him in; only later will Inverbid get to strike the irreversible blow.

Inverbid Withdrawal requirements

We soon found out that there was no real withdrawal area in the client portal, which means that the user will not be able to get his money back. And that’s a very scammer thing to do, as well as a clear sigh that the broker is illicit. To make matters worse, there are undisclosed withdrawal fees, that are not talked about in terms of how they apply, and how much they cost. So the client can expect anything. At least Inverbid makes the inadvertent mistake to reveal how risky it would be to invest in it.

To make matters even worse, there is a turnover clause in the legal documents that shatters any hope for withdrawals:

The other major issue with the provision is that it does not really reveal how much the requirement is.

And of course, the broker mention other additional fees that really may be anything. Inverbid really is a scam!