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Is INVCENTER a scam broker?
The offshore FX broker INVCENTER offers a plethora of trading gears starting from cryptos to forex, shares, indexes, and commodities. It allows the trader choice of four different accounts. This service is provided on the web-based platform with high leverages. This review will definitely benefit to save your money.
The accounts provided by this broker are four and namely Mini, Silver, Gold, and Platinum. Surprisingly, there is no mention of minimum deposits on the website. The services offered by INVCENTER are more than fifty FX pairs, several CFDs on many commodities from natural gas, oil to crypto coins, from shares to major indexes. The provided leverage is high and of 1:200. This leverage is suitable in most dynamic trade strategies but also be used with extra precaution. Our readers must keep this fact in their mind higher leverages can empty your account within seconds in the harsh trading environment. Therefore, several regulated markets have capped leverage for the investor’s security.
The key component that trader should consider when searching online forex and CFDs brokers is their legitimacy. Because the trader’s fund always poses a serious risk.
The Advanced Software Solutions Ltd claims that it owns INVCENTER and it is based offshore at Saint Vincent and the Grenadines. The brokers situated in SVG are neither regulated nor licensed and prohibited from doing brokerage business in regulated markets such as the EU, US, and Japan. We will recommend you to do trading with brokers regulated by FCA, UK; ASIC, Australia; and CySEC, Cyprus. These regulatory bodies provide security against any scam or misfortune.
The brokers provide many attractive bonuses and such bonuses have strings attached to it like the requirement of trading volumes. The term required trading volume is extensively used by scam brokers to withdraw your funds. The traders should be cautious about it. Several markets have put a ban on such bonus practices.
The INVCENTER provides an unfamiliar web-based trading platform. This platform misses several great features of the MetaTrader platform. These include the integration of market indication and trading autoboots. The information on the required minimum deposit is completely missing. For your safety, we are providing the required average minimum deposit in a controlled market is around € or $250. Another worrying fact about INVCENTER is its absolutely high spreads. The prime USDEUR currency pair is offered with a fixed spread of 5 pips. It is five times higher than what is required for moderate trading. INVCENTER provides payment and withdrawal with many gateways but misses on the Skrill. The Skrill have adapted new anti-scam policy and the absence of it raises a question.
Is INVCENTER scam or legit?
The SVG based nature of INVCENTER speaks louder words about its legitimacy. The unclear trading conditions are a red flag. The trading platform is awful. We must keep it in a scam brokers list. Please save your fund and shun INVCENTER.