Investous

Investous Review 2021: UK-Banned Broker Not Worth the Risk

The online forex and CFD broker Investous is part of the larger company, F1 Markets Limited. This company operates a few other brokers with similar offerings, StrattonMarkets, 24CM, and Europrime. The broker has a registration with CySEC, the financial regulator for their base of operations in Cyprus.

Broker status:Offshore Broker
Regulated by:IFSC
Scammers Websites:https://www.investous.com/international/ 
Blacklisted as a Scam by:FCA
Owned by:IOS Investments Ltd
Headquarters Country:Belize
Foundation year:N/A
Supported Platforms:Web trader, MT4
Minimum Deposit:$250
Cryptocurrencies:Yes – BTC, ETH, XRP – total 5
Types of Assets:FX, commodities, indices, shares, cryptocurrencies
Maximum Leverage:N/A
Free Demo Account:No
Accepts US clients:No

FCA Crackdown on Investous

When the UK’s FCA started banning Cyprus-based CFD brokers, Investous was first on the chopping block. In June 2020, the FCA rescinded the passporting rights of F1 Markets Limited, meaning their CySEC registration no longer afforded them the right to solicit UK clients. The ban came after a scandal involving several CySEC-registered brokers, including EuroPrime, using fake celebrity cameos to advertise their services.

Suspension from CySEC

After the UK ban, CySEC took action against the broker as well. Several brokers received a partial suspension for their fake celebrity endorsements. They were unable to take on any new clients during this time. The regulator required the brokers to implement corrective actions before they would remove the suspension. Our Investous review uncovered a statement from the regulator stating that the broker did meet these requirements to CySEC’s satisfaction, with the suspension ending after one month.

Warnings From Financial Regulators (if you can find) 

Investous was owned by F1 Markets Limited, a CySEC regulated company. However, the UK FCA issued an official warning against Investous and several other brokers since they were falsely advertising their services. According to the FCA, the broker was using celebrities to promote online trading even though these people had nothing to do with the company. 

Not long after this ban, the brand changed the owner and moved to an offshore country.

Warnings From Financial Regulators Investous

Problem with withdrawing funds 

Since the broker went offshore, we are not surprised to see many complaints related to withdrawal issues. Despite the payment provider still being in Cyprus, LELEVLTIME SERVICES LTD has no CySEC regulation. The broker currently holds IFSC regulation, meaning there is no actual compensation fund. Clients have to deal with this broker on their own and try to get a refund.

According to many Investous reviews we’ve had a chance to see, the broker is blocking clients accounts and losing their money on purpose.

Beware of an Investous scam!

How does online trading scam work? 

When it comes to offshore brokers, all of them have similar MO. After the client signs up for an ad about online trading and makes a deposit, a financial adviser calls him every day. During long chats, he or she is trying to understand your financial situation and evaluate how much money you can afford to invest. Of course, once the investment process is done, a client can try to withdraw funds, but it won’t be successful.  

In some cases, if you provide your card details over the phone, you might discover that all of your money is gone. So beware and always keep your CVV number private!

Trading With Investous

The assets available with Investous offer an above-average selection. The broker has over 40 currency pairs to choose from. Their CFD selection covers many stocks and commodities, particularly metals. The only cryptocurrency CFDs available are Bitcoin and Ethereum. Their selection in this area severely lacks compared to similar brokers, who offer up to a dozen cryptocurrency options. Getting started requires a minimum deposit of $250, but the broker does offer a demo account to try them out.

Investous-review

Trading Platforms

The broker has both MetaTrader 4 and another web platform available. MetaTrader 4 features the array of technical indicators and charting tools that traders have come to expect. Their web platform is a little oversimplified. The layout is easy to navigate and understand, but they left out many advanced features. Their platform is also available as both iPhone and Android apps.

One major caveat is the broker’s significant inactivity fees. After just one month of inactivity, traders face a charge of $10. This climbs every few months, eventually reaching $200 per month after six months of inactivity.

Get Your Money Back Today

A ban from the FCA should be enough to scare away most traders, but shady brokers continue to draw in more clients every day. If you’re having trouble getting your money back from these brokers, you can contact us today to take a closer look at your chargeback options.

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What is Investous?

Investous is an offshore online trading brokerage regulated by the IFSC.

Is Investous a scam?

The broker was blacklisted by the FCA and moved its headquarters from Cyprus to Belize

Is Investous trustowrthy?

Since the broker is based offshore and blacklisted by the FCA, we can say no.

Is Investous regulated?

Yes, the broker has the IFSC regulation from Belize.

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