Investorexpro review – 5 things you should know about investorexpro.com

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

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Investorexpro is a broker offering Forex trading and promising nothing short of revolutionary. They allegedly aim to maximise their clients’ trading through a unique mix of superior value proposition, diverse product offering, competitive spreads and stellar customer service. Investorexpro also claims to be a leading independent broker, whatever this should mean. Actually, the truth about this entity is quite the opposite, and you’ll see why in the full Investorexpro review.

Investorexpro REGULATION AND SAFETY OF FUNDS

The people running Investorexpro turned out to be mindless, and the picture above demonstrates why. Supposedly, this entity originates in Slovakia, but the information presented in such a way is laughable. Anyway, Slovakia is an EU member which has already adopted the MiFID 2 guidelines, regulating the Forex brokers accordingly. The companies offering leveraged trading in Slovakia need to be licensed, provide 730 000 EUR in paid-up capital, restrict leverage to 1:30, keep clients’ funds segregated, and follow many internal procedures. Well, Investorexpro doesn’t have a license, so it’s unregulated, and your funds won’t be safe if you deposit with the broker. Actually, that’s a scam, and we’ll show you why in the following paragraphs.

You should avoid it and consider the high-rated EU brokers and British brokers instead. The European companies are sufficiently regulated and also covered by deposit insurance funds protecting traders and investors’ money. Hence, CySEC brokers’ clients can claim up to 20 000 EUR in case of bankruptcy, while the British guarantees are even up to 85 000 GBP. Shady business creatures like Investorexpro won’t offer any protection and will indeed scam you.

Investorexpro TRADING SOFTWARE

Investorexpro’s trading software is web-based, ugly and inferior. There are no more than 10 unreliable indicators, the charting tools are awful, and generally, the platform is challenging to use. On top of that, the EUR/USD spread provided is gargantuan- 6 pips, an extremely unfavourable Buy/Sell difference. Traders won’t make any money when spreads are so wide, which is an argument enough not to recommend this broker. The FX market is highly competitive, so it’s not worth even spending a minute with Investorexpro.

Instead, you’d better check the high-rated MetaTrader4 brokers and MetaTrader5 brokers we can offer. MetaTrader distributions are reliable and provide advanced features such as Expert advisors, many complex indicators, and excellent charting tools, to name a few. The platforms also include a marketplace where traders can discover more than 10 000 apps and third-party developed solutions.

The default leverage is 1:200, while the maximum is 1:400, both of which overly risky for traders. Worse, though, we didn’t find a way to change it, which is evidence of a scam because the broker intentionally increases the risks for traders. Beware!

In fact, leverage is so dangerous that many financial authorities enforced regulations to reduce traders’ risks further. So, EU, British and Australian brokers have to restrain retail clients to 1:30 for FX majors, while the Canadian brokers and the US brokers can’t provide more than 1:50. Nevertheless, risk-tolerant traders can trust the Swiss brokers, which are highly reputable but not leverage restricted.

Investorexpro DEPOSIT/WITHDRAW METHODS AND FEES

There is no minimum deposit specified, but it’s said that traders can deposit up to $7000 in the starter Bronze Account. The funding methods are Credit/Debit cards and Finanic, the latter of which is a highly unpopular and potentially fraudulent payment service. Out of both, we would prefer bank card funding because it’s possible to chargeback, but a deposit with this broker is out of the question.

While discussing funding, we’d like to offer our lists with Skrill brokers, Neteller brokers, FasaPay brokers, Sofort brokers, and Bitcoin brokers if you have a preferred e-wallet or a trusted payment system. The high-rated companies are well-regulated, and you won’t face scammers.

However, the broker didn’t miss introducing withdrawal restrictions- a minimum of $250 per transaction, totally unfair a requirement. The request processing time is unknown and supposedly free of charge, but this business is a scam, so no withdrawals should be expected at all.

The inactivity fees are bearable, at least on paper. After 6 months of inactivity, an account becomes dormant and will be charged $25 every 6 months, which is generally in line with the industry standards. In comparison, most regulated brokers take 5 to 10 dollars per month at most.

Investorexpro indicates that trading incentives are available in general, but the broker doesn’t reveal much about it. The only thing mentioned is the minimum volume requirements traders need to reach to become eligible for withdrawal- 30 times the bonus issued. Yet another unfair clause.

Overall, Investorexpro is a scam, so you should steer clear of this shady broker.

HOW DOES THE SCAM WORK

Swindling brokers and fraudulent websites appear literally every day. Still, most of the new schemes represent a modification of common fraud that’s not typical for the local markets but similar from country to country.

Nowadays, scammers occupied the Internet and social media. Classical tactics, such as cold calling, became less widespread as the Internet got prevalent. The offers scammers make look legit and present exciting opportunities to invest money in the Forex market. Traders would get reassured that the people behind the broker have an excellent track record and promise high returns, seamless trading and guaranteed profits. The scammers intentionally make people believe Forex trading is risk-free, but the opposite is true in reality.

In a typical scenario, scammers just steal traders and investors money and won’t send a dollar back. Sooner or later, clients would ask for a withdrawal, but the con artists would delay or downright refuse transactions. If traders persist, scammers would find excuses to deny and would even ask for more money or simply cut the communication. Whatever the case, traders are going to lose some or all of the capital invested. In the end, when fraud becomes evident, the scammers would simply rebrand and start afresh, creating a new scheme under a different name.

WHAT TO DO WHEN SCAMMED

Unfortunately, no one is immune to scam. If you get scammed, the first thing you need to do is to protect yourself from further risk. Deactivate your card immediately, contact your bank and ask for advice.

Report what happened to you, file a complaint, contact the financial regulator, contact other government institutions related to trading and investing, call the police if you feel necessary. Seek help actively!

Remember, it’s crucial not to rush blindly to recover your funds because many scam chargeback agencies and individuals are trying to double scam the victims. They ask for upfront payment, take the money but won’t do anything to help you!

Share online your experience; it’s important to protect others, as well. Be responsible

Rich Snippet Data

Reviewer

TheForexReview

Review Date

2021-05-28

Reviewed Broker

Investorexpro

Broker Rating

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