INVcenter Review Is Invcenter.com A Legit Or Scam Broker

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INVcenter Review: Is Invcenter.com A Legit Or Scam Broker?

Invcenter.com Review: this is the website of a Forex brokerage that is located in the offshore region of St. Vincent and the Grenadines. Is INVcenter a scam that should be avoided? Since this is an offshore based brokerage, funds safety is not assured. Find out more about this company.

The most vital part of our reviews is the uncovering of if a company or Forex broker is properly licensed or not. To do this, we first establish the location or region where it claims to be based. Then we check with the commission or authority regulating trade there whether it is listed among regulated companies or not.

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INVcenterreveals that it is operating from St. Vincent and the Grenadines, which as we stated is in an offshore region. Forex trading goes on without proper regulation in this kind of location making it a choice base for scam companies. Trading with a Forex broker that is unlicensed poses many dangers to traders’ funds. Misappropriated funds may not be recoverable by the government as well.

Unlicensed brokerages are not under any rules of traders and this puts traders in more risk than they will be in if they had chosen properly licensed ones. The broker is owned by Advanced Software Solutions Ltd.

Advantages of INVcenter

Despite being located in an untrustworthy region we found some interesting things on the website. The broker claims to be able to provide clients with the following:
 Professional Customer Support
 Stable Protection
 Learning Tools
 Fast Withdrawals System

It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

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However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

INVcenter Trading Platform

This broker does not provide clients access to the MetaTrader trading platform but rather some sort of web-based type. We advise readers and traders to always look out for the MT4 or MT5 platforms. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating systems. All can be used on desktops, Linus, Windows, iOS, and Android.

Tools that come with these trading platforms are also found to be useful for traders. It has proven to be user-friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders are not disclosed. We only found mention of CFDs This will be unsatisfactory to many traders because legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

The maximum leverage offered to clients is 1:200 and while this may seem generous, it is not advisable. High leverages can lead to a huge loss of funds as well. Spreads are fixed at 5 pips.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on INVcenter

The means of making deposits and withdrawals with this broker are VISA, MasterCard, and Maestro. We are discouraged that e-wallets are not named because standard and legit brokers make deposits and withdrawals available via Visa, MasterCard, and Wire Transfer. Many offer e-wallets like Skrill, Neteller, UnionPay, FasaPay, and so on.

The minimum deposit required to trade with INV Center is $200 which is within the obtainable average of $100 to $250 usually required by many other brokers. Withdrawal fees and charges are not disclosed. But since we found that trading bonuses are offered, we think readers should be aware that withdrawals will likely be restricted until some trading conditions are met.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is INVcenter Licensed?

No. INVcenter is not a properly licensed and registered broker. The NFA does not list it among regulated brokers in the United States.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Support

To get in touch with a representative of the customer service, numerous phone numbers are provided in the “Contact Us” page. Interested clients can call +44 20 3991 0009 or send an email to [email protected]

Conclusion

We are discouraged by the offshore location of INVcenter as it lacks proper licensing. Further, it does not support the MetaTrader trading platform and uses a high spread. Although the minimum deposit requirement is affordable, the trading bonus offer is tricky and fishy.

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