Beware! InvexPlus 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.
InvexPlus invites us to enter the trading arena with confidence by using the services of this forex broker. But experience has shown that generous promises on the internet are not to be trusted. Careful inspection of this website reveals that this is not a legitimate investment firm. In this review we will show you how to distinguish scams from trustworthy brokers.
InvexPlus Regulation and safety of funds
|Guaranteed Funds||Segregated Accounts||Negative balance protection|
|UK regulated brokers||£85 000||Yes||Yes|
|EU regulated brokers||€20 000||Yes||Yes|
|AU regulated brokers||No||Yes||Yes|
|US regulted brokers||Yes||Yes||No|
If a financial services provider is legitimate, you will find on its website clear and detailed information about the company that owns and operates it, where it is based, and what licences it has. Genuine brokers also provide access to a comprehensive set of legal documentation. The availability of such information does not guarantee that it is not false or misleading. But the absence of these elements is very indicative that in all likelihood you are dealing with scammers.
InvexPlus does not name a company and does not provide access to a Client Agreement, Terms and Conditions, Privilege Policy and other mandatory documents.
The website lists addresses for offices in the Netherlands, Spain, Malta and Cyprus.
Such an anonymous website could not legally operate as a broker in these regulated jurisdictions. A check of the records of the relevant financial regulators confirms that there is no authorised broker using the trade name and domain of InvexPlus.
The Spanish financial authorities have issued a specific warning that InvexPlus is not authorised and that its name resembles that of a legitimate company.
If you intend to invest in financial instruments, you should beware of the many fake brokers lurking online. Always check carefully whether the broker you choose really has the necessary licences. There are numerous benefits to working with a company that is truly authorised and supervised by a regulatory institution such as the Cyprus Securities and Exchange Commission (CySEC).
There are many advantages to working with such brokers because they must comply with all the requirements of the European Securities and Markets Authority (ЕSМА). They must maintain a minimum net capital of at least EUR 730 000, which guarantees that the company is financially stable and has a serious long-term approach. When clients deposit money in their trading accounts, they are kept segregated from the broker’s operating funds in separate bank accounts. Thus the clients’ money remains shielded in case of mishaps like a broker’s bankruptcy.
All brokers licensed in Cyprus and other EU countries are members of the Investor Compensation Fund, which may cover a maximum of EUR 20,000 per person in the event of broker insolvency. EU forex brokers are required to report their clients’ transactions on a regular basis. This requirement is designed to improve investor protection and promote market integrity and transparency.
InvexPlus Trading software
|Analytical tools||Auto trading||Custom indicators||Mobile apps|
|MT4||30+ indicators||✅||✅||Android and iOS|
|MT5||50+ indicators||✅||✅||Android and iOS|
|cTrader||40+ indicators||✅||✅||Android and iOS|
InvexPlus implements standard-looking web-based trading software.
While this platform has the basic functionality to place orders, it cannot compare to the capabilities provided by MetaTrader 4 (MT4) and MetaTrader 5 (MT5). It is no coincidence that these platforms have established themselves as the industry standard. They offer a wide range of features, including a variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.
It should be noted that the presence of a trading platform does not make this website any more legitimate and does not guarantee that this alleged broker offers real trading. Many scammers use rigged trading software to fool their victims that their money is being invested.
InvexPlus Trading instruments
InvexPlus claims to offer trading in stocks, ETFs, bonds, options, futures, CFDs on currencies, commodities and indices as well as cryptocurrencies. But as stated, we have no guarantees that this anonymous and unregulated website offers real trading.
InvexPlus Spreads and cost of trading
InvexPlus does not provide information on spreads and commissions. In the trading platform we see an extremely high spread of 4 pips. This is more than double the industry norm and is very disadvantageous to the trader.
InvexPlus Maximum leverage
|UK regulated brokers||30:1||5:1||❌||10:1||10:1|
|EU regulated brokers||30:1||5:1||2:1||10:1||10:1|
|AU regulated brokers||30:1||5:1||2:1||10:1||10:1|
|US regulated brokers||50:1||❌||❌||❌||❌|
InvexPlus offers leverage of up to 1:200, which is also proof that it is not a regulated broker operating in Europe. The European Securities and Markets Authority (ESMA) and accordingly all EU regulators limit leverage to 1:30 for major currency pairs, 1:20 for non-major pairs, gold and major indices, 1:10 for other commodities and non-major indices, and 1:2 for cryptocurrencies.
Regulated brokers offer higher leverage only to professional clients who must meet very high standards for capital and experience and forgo the guarantees enjoyed by retail traders.
If you don’t qualify as a professional trader but are willing to take the risk of high-leverage trading, the most viable option is to use the services of an offshore affiliate of an established brand.
InvexPlus Deposit and withdrawal methods
|Deposit time||Withdrawal time||Price|
|Bank wire||2-5 business days||2-5 business days||$25+|
|Crypto||24 hours||24 hours||Fee depends on crypto|
InvexPlus only allows the deposit of funds with cryptocurrencies. This is typical of financial scammers. Cryptocurrencies are their payment method of choice because on the one hand they allow the scammer a degree of anonymity, and on the other hand they do not allow the scammed to ask for a refund.
While there are some legitimate brokers that accept digital currencies like Bitcoin, they do so alongside other transparent payment methods such as credit/debit card, bank transfer or popular e-wallets like PayPal, Neteller or Skrill.
InvexPlus Minimum deposit
InvexPlus specifies an exceptionally high minimum deposit of 5,000 USD. For literally a thousand times less you could open a starter trading account with some of the leading global brands.
InvexPlus Withdrawal requirements
|Trading volume||Fee/Tax on withdrawal||Minimum withdrawal|
|InvexPlus||Not specified||Not specified||Not specified|
|UK regulated brokers||No||No||No|
|EU regulated brokers||No||No||No|
|AU regulated brokers||No||No||No|
|US regulated brokers||No||No||No|
The lack of a publicly available Terms and Conditions or Client Agreement means that scammers may have set many traps such as hidden fees and impossible-to-meet withdrawal terms.