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InvestPro Markets Review
InvestPro Markets is the latest scourge in the forex trading world. Investors have lost everything with the platform. Please find out more in our detailed investpromarkets.com review.
Claiming to have been founded in 2014, InvestPro Markets is ripping off investors. Those who have signed up with the platform don’t have anything nice to say. Most have tried withdrawing funds to no avail. The platform was not responding to their withdrawal requests and blocked some accounts. It’s what you will likely encounter once you sign up with investpromarkets.com. Here’s more in our detailed INVESTPRO MARKETS REVIEW.
PS: Experts recommend using proven tools when investing in the forex world. These include reliable forex trading robots that guarantee realistic margins. So go for forex robots backed by experts and the forex trading community.
About InvestPro Markets
According to the about us page, foreign exchange students founded the platform. However, there’s no mention of any of these students, which raises concern. If the platform were successful, these owners would want recognition.
We have seen such claims before, mostly with investors losing their funds. There’s no way to point to who’s responsible as the platform remains anonymous. That’s one of the many ways to avoid detection.
The website’s aesthetics don’t do much to boost the platform’s appeal. You would expect the platform to offer some reliable investment. That’s not the case, as the platform makes bold claims it doesn’t achieve or meet.
We have a platform that claims to offer ECN forex mode investing. The platform also claims to provide tier 1 liquidity and Swap-free accounts. That means you can get Islamic accounts with Invest Pro Markets.
The platform pinpoints Vanuatu as the primary regulatory oversight for regulation. These are false claims as there’s no record of it. However, we will dive into the regulatory aspect and expose the fraudulent ways of investpromarkets.com.
Experts recommend that you research on a platform before committing funds. Try and find out the experiences of other investors before signing up. An excellent way is to read our unbiased reviews on crypto and forex-related products and services.
Accounts InvestPro Markets
InvestPro Markets offers four account tiers for investors to choose from. These include Micro, Mini, Standard, and VIP accounts. Each of these accounts targets different classes of investors. These accounts also offer several distinctive features.
Here’s a closer look at each of these accounts;
The account targets naïve investors or newbies. You have to make a minimum investment of $5 to get started. The account only accepts Euro and USD with a minimum trade size set at 0.01. Leverage of the account is 1:500.
For the mini account holder, the investor has to make a minimum deposit requirement of 1:100. You can use all trading strategies with the platform promising flexible spreads starting from 2 pips. Leverage is still the same, 1:500.
Best suited for the more skilled trader, investors must deposit $500 to get started. You get all the account features as the micro and mini account holder. Traders get fixed spreads starting from 2 pips.
It’s the most exclusive account, with investors having to deposit a sum exceeding $1,000. The platform also targets institutional investors with this account. Spreads start from 0 pips, and you also get a personal account manager.
We have to raise the red flag regarding the leverage set by investpromarkets.com. It’s way above the regulator’s recommended amount of 1:100. In most jurisdictions, such a platform is putting your position at risk.
For retail traders in the United States, the minimum leverage is 1:50. There’s no such thing as a platform offering leverage as high as 1:500. Only experienced traders can get to take advantage of such high leverage.
The platform stands to gain immensely from your losses by putting your position at risk. That’s why regulators had to step in and issue the absolute acceptable leverage. Failure to comply, a platform is openly taking advantage of investors.
Despite claims that the VIP account holder gets a personal manager, that’s not the case. The manager is a call agent who hog calls. You get bombarded with calls as the manager claims to have a lucrative open position.
You have to invest and wait for the profits to soar. Then, weeks later, the account manager is nowhere, and the balance is zero. Trying to reach the manager is futile as the platform replaces them with a new manager.
You get several excuses as to why the initial manager is unavailable. The platform will claim the manager is on leave or will contact you later. That doesn’t happen. We strongly believe that these are call agents hired to play the role of account managers.
Assets and trading instruments
There are five classes of trading instruments available on the platform. These include commodities, crypto, forex, indices, and stocks. For example, traders trade commodities such as fat, sugar, wheat, etc.
The platform pairs leading crypto assets with major currencies. You can trade currencies such as Bitcoin, Doge, Ethereum Litecoin, Ripple, and more. These coins get paired against leading currencies such as EUR, GBP, and USD. Such pairs include BTC/USD, ETH/GBP, and XRP/EUR.
There are major and minor currencies, with forex trading at the core of the platform’s activities. These currencies don’t have tight spreads as the platform seeks to take over your trading.
Indices help day traders as you trade in the world’s biggest markets. Some of the indices found include DAX, Dow Jones, NIKKEI, NYSE, S&P 500, etc. You get to see how prices affect markets on a global scale.
Stock trading has been there for the longest time possible. This is because you get to own a piece of a company for a short time. Some of the most traded shares include those of manufacturing and tech giants such as Google.
Business holder InvestPro Markets
No one knows who owns or runs the platform. And this makes it a risky investment platform. You don’t know who is held responsible if things go south, as they will. So the platform tries to hide the people’s identities running the show.
Anonymity is not a feature you would want to partner with in any investment venture. Try to avoid such platforms as recovering funds is near impossible. Recovery agents who claim to help with such issues are part of the scam.
These agents will claim to have won a lawsuit against the platform. All you have to do to get part of the settlement is cover part of the legal fees. But, of course, the recovery agents will also block all communication once you do so.
Contact and support
Ensure you test how effective a platform’s communication structure is. We recommend platforms that offer direct communication, such as live chat and phone calls. The platform in question tries to limit contact to written form.
Deposit and fund safety InvestPro Markets
Your funds are far from safe with a platform that fails to offer insurance cover. The platform even fails to segregate accounts as dictated by trading regulations. It’s best to avoid platforms that don’t have your interest at heart.
License and Registration InvestPro Markets
InvestPro Markets is not a credible investment platform as it doesn’t have any regulatory status. The platform is a burst and will likely shut down soon after regulators look at it.
Our final remarks InvestPro Markets
After seeing what investpromarkets.com is doing to investors, we recommend staying away from it.
NOTE: Ask an expert; the only way to invest in the forex markets is by using credible forex trading robots.
Feel free to drop a comment or email us with any queries.