InvestFW cannot be said to be an honest broker due to how they conduct their business which is mainly through deception and false advertising. InvestFW.com is mainly attracting traders and investors using a beautifully crafted website laced with convincing sales language. But underneath what you see, there’s a whole bunch of worms. If you want to invest without risking a financial loss, you need these tools and options. Then you also need a good broker (if you want to trade by yourself).
For those of you wanting to get into automated Crypto trading using bots, these highly recommended options are better than anything else we’ve seen on the internet. Meanwhile, this review will give you reasons as to why we feel the website is operated by liars and not honest people.
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InvestFW Review: What they offer and why it’s an excuse to rob you
The platform is operated as a CFD retail brokerage. This means the platform is giving access to the financial markets which span across Forex, Crypto, Stocks, Equities you name it. These are derivative financial products and one can trade without actually owning the instruments.
InvestFW is advertising that they have the right tools for traders wanting to explore the market.
They also talk of superior execution and spreads but in the real sense, we feel that their spreads are very expensive. If they can lie about their spreads, then it is certainly true that even their alleged execution speed is poor since the company can easily lie about their liquidity providers just to attract sign ups.
InvestFW also provides their customers with 4 different account types, though the minimum deposit has not been stated. We suspect that it is $250.
Every account type comes with a ‘manager’, which is actually a scammer that will call you on the phone to convince you to deposit money into the InvestFW platform.
Regarding that spreads that we talked about earlier, we see that this platform’s minimum is 1.0 pips but to get this spread on popular pairs, you need to deposit more money.
This means you have to give the scammers more money for an imaginary promise. This is something we highly discourage. Do not even create an account with InvestFW.
InvestFW not licensed by Cysec
The website states that it is owned and operated by a Cyprus-based entity called iTrade Global (CY) Ltd. There’s reference to another scam called Tradedwell on this website.
So iTrade Global (CY) Ltd owns Invest FW and Tradedwell. These two scams are using the same modas operandi as InbitService and Gladiolu Stox. InvestFW is actually a stealthier version of the two websites.
Now they claim to be regulated by CySEC but the truth is that this license does not exist.
They could be based in Cyprus but this does not mean we should believe the lie that they are licensed.
How to recover your money when you have been scammed by InvestFW
Sooner or later we will see a mount of complaints against this scam.
Currently we only see reviews from bloggers that say this site is a scam, and there is some truth in all these reviews since the website fails to pass the credibility test.
Now that their agenda is not good, we expect that some unlucky people will end up losing money.
If you are a victim or you lost money to another scam, we ask you to click the livechat button on this website to request a chargeback.
Victims have recently recovered their lost funds when they reported a popular investment scam called Capital CFD Market.
We advice traders and investors never to take InvestFW seriously because they are obviously suspicious.
Apart from their website telling lies, we see that the cost of their spread is just too high.
Even if they had a Forex broker’s license, they would still not be our top choice.
Thanks for reading this review.