InvestOFund Review: Our InvestOFund Review Reveals All

Discover the hidden reality of InvestOFund, an undisclosed trading firm without headquarters or owner. With limited contact options and no regulatory information available, this broker raises many red flags. 

Targeting EU residents while disregarding ESMA leverage limits, InvestOFund offers only the basic WebTrader platform and demands high minimum deposits. Check out their payment options, withdrawal restrictions, and lack of customer support. 

Before we start, make sure to avoid falling into the traps of InvestOFund, Esperio, and other bogus firms. Read on to uncover more details in this exclusive InvestOFund review.

Regulation and Safety of Funds at InvestOFund

An undisclosed trading company, InvestOFund operates as InvestOFund Group. It withholds information about its headquarters and owner in its disclaimer and legal documents.

In terms of contacting the company, their “Contact Us” section only provides an email address and a web form, lacking a phone option. Consequently, we faced difficulties locating any regulatory information for InvestOFund.

Research across prominent Tier 1 databases, including FCA, ASIC, BaFin, and CONSOB, yielded no results. Besides, it was discovered that the firm targets EU residents without adhering to ESMA directives. The EU regulator has imposed leverage limits on retail traders to mitigate the risk of significant financial losses. While ESMA allows leverage ratios of up to 1:30, InvestOFund offers leverage ratios ranging from 1:100 to 1:400.

Given the questionable nature of this financial entity, let’s delve deeper into the InvestOFund review.

InvestOFund’s Trading Software

InvestOFund has a limited offering of trading venues. Currently, the company only provides WebTrader. Namely, WebTrader is commonly used by fraudsters to reduce expenses. However, the software is necessary to facilitate monetary transactions.

Reputable brokers regulated by Tier 1 authorities provide a wide range of platforms, such as MetaTrader (MT4 or MT5) or CTrader. These platforms have millions of users worldwide thanks to their extensive features. In addition to comprehensive charting capabilities and indicators, they support a variety of add-ons, including Expert Advisors (EAs), social trading, algorithmic trading tools, and more.

Moreover, both MetaTrader and CTrader offer dedicated mobile applications for Android and iOS. These apps are not available with browser-based solutions like InvestOFund’s WebTrader.

InvestOFund – Account Types

InvestOFund provides four account choices, but none offer particularly impressive features or benefits.

Here are the account types and minimum deposit amounts:

• Bronze: 12,500 EUR
• Silver: 25,000 EUR
• Gold: 75,000 EUR
• VIP Platinum: 150,000 EUR

The minimum deposit requirements are exceptionally high. Yet, it is crucial to consider that depositing such substantial amounts with an unlicensed broker carries significant risks. In the unfortunate event that the broker vanishes, filing a complaint will be difficult.

Deposit and Withdrawal Options

The situation surrounding depositing and withdrawing funds from InvestOFund presents further challenges. The broker exclusively offers cryptocurrency as a payment option, which can be inconvenient for many traders who may not know crypto transactions. This limited range of payment methods also raises concerns about the legitimacy of the broker.

The absence of traditional payment methods also exposes traders to potential scams. Also, there are clauses regarding withdrawals, asserting the right to deduct taxes and fees from your account, including tax source fees. However, you relinquish your right to claim them. These clauses suggest malicious intent.

Be cautious about the bonuses offered as well. If accepted, you cannot withdraw until you reach a bonus amount divided by four into lots within 60 days of the deposit. For instance, if you receive a $200 bonus, you would need to trade 50 lots, totaling $5 million.

Although payment options remain undisclosed, it is likely that you will be pressured into using crypto.

Offshore Brokers’ Fraudulent Tricks

Offshore brokers employ fraudulent tricks to deceive people, luring potential investors into scams. It is crucial to know these tactics to safeguard oneself from offshore broker scams. The following are bogus tricks commonly used by offshore brokers:

• Lack of transparency: Offshore brokers often lack transparency regarding their location, regulatory status, and ownership, raising suspicions about their intentions.
• High initial deposits: Fraudulent offshore brokers may demand high minimum deposit amounts to open an account.
• Limited payment options: They may restrict payment options to cryptocurrencies or unconventional methods, raising concerns about transaction traceability.
• Unrealistic bonuses: Some offshore brokers offer attractive bonuses but impose strict withdrawal restrictions, often requiring investors to meet unrealistic trading volume targets.
• Bogus marketing: Offshore brokers may employ aggressive marketing methods, promising unrealistic returns and other superb offers.
• Unlicensed operations: Offshore brokers frequently operate without proper licenses or regulatory oversight, increasing the risk of fraud.

To protect yourself, seek advice from trusted financial professionals and only engage with reputable and regulated brokers. This will help you avoid falling victim to offshore brokers’ deceptive practices.

InvestOFund Summary

InvestOFund is an undisclosed trading firm without any headquarters or owner. This makes it challenging to contact them as they only provide an email and web form. There is no available regulatory information for InvestOFund, and they target EU residents without complying with ESMA’s leverage limits directives. Besides, InvestOFund offers only the simple WebTrader platform and has four account types with high minimum deposit requirements.

One notable aspect is that the broker only accepts crypto as a payment option. Their Terms and Conditions allow InvestOFund to deduct taxes and fees from your account, waiving your right to claim them. Moreover, bonuses from InvestOFund come with withdrawal restrictions, necessitating traders to reach specific trading volumes. 

Notably, they do not provide demo accounts, and their customer service is limited to online forms. It is critical to mention that InvestOFund is not regulated by any major financial authorities.

In light of these factors, it is advisable to steer clear of InvestOFund and also avoid the Conalp broker scam.

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