InvestiFx Review: An Alert from CONSOB

InvestiFx is an Italian trading platform that’s on the warning list of CONSOB. The official regulator warns investors from interacting with the platform. There have been several complaints lodged against the platform. Most of these complaints center on the platform’s inability to release funds. Members have been facing a hard time trying to withdraw funds from the platform. Please find out more in our detailed INVESTIFX REVIEW.

A Clear Outlook of InvestiFx

The platform claims to be the largest CFDs provider in the EU region on the about us page. In addition, the platform promises traders to trade with over 2,100 trading instruments. Asia is the other notable region InvestiFx claims to have gained ground.

What we have is a platform that tries to penetrate leading financial continents. But, unfortunately, CONSOB stopped them dead on their tracks due to several factors. One of them being imposing unfair trading conditions on members.

And this is the reason why we must expose these conditions. For the newbie trader, the platform looks as legit as any other. There are, however, some red flags found on the platform. These include having no license from authorities.

When you’re looking to invest in a platform, make sure to go for one backed by experts. Choose platforms that have the right features and guarantee safety. That’s why we recommend innovative investment platforms such as Coin Staking and DeFi.

InvestiFx is not your average cup of tea. The platform is bound to block large withdrawals from members. A few have now been forced to ask for help from recovery agents. It’s too bad that these recovery agents don’t have the power to get back the funds.

Your priority as an investor is to do due diligence before signing up with any platform. Try and find out what others are saying about the platform before committing funds. It will help you make a more informed decision on the platform.

Accounts InvestiFx

InvestiFx offers four investment platforms, with all having a welcome bonus. The platform uses the welcome bonus to encourage investors to deposit more funds. These four accounts include Silver, Gold, Diamond, and VIP.

Let’s take a closer look at each of the four accounts;

Silver

For the silver account, the available minimum deposit is set at 250 Euros. Members only get access to one or two trading platforms. There are no custom spreads with the account failing to quote the acceptable leverage.

Gold

With the gold account, members have to deposit 5,000 Euros. Members get all features that come with the silver account plus access to all trading platforms. However, you won’t get a VIP manager or a chance to auto-trade/copy trade.

Diamond

You have to deposit 40,000 Euros to start trading with the account. After that, investors get all account features that come with the first two accounts. You also get more information on Autochartist and a VIP manager.

VIP

It’s the holy grail of accounts found on Investi FX. The platform wants to target institutional investors with the account. You get access to all trading platforms and personal stock market reports.

What all of these accounts lack is the necessary information needed to make an informed decision. For example, no one knows the available leverage or spreads on the platform. And this makes members blindly sign up, not learning the full features.

Account/VIP Managers

Instead of offering financial advice to investors, these managers are soliciting funds from investors. As a result, you get to receive a call daily with news on how best to increase your profit. Members should note that the investment is outside the scope of trading.

Those who make the mistake of investing more funds with these managers end up ruing the decision. No one gets to earn back their investments with the platform. And this is why we believe the platform hires call agents to act as account managers.

Are Funds Safe with InvestiFx

Your funds are far from safe with a platform that fails to offer investors any actual benefits. Apart from trading, there’s no way of withdrawing funds from the platform. And this puts your funds at risk.

We also suspect the platform doesn’t segregate accounts as dictated by law. Instead, the platform is pooling funds in one account. Then, once members fund their accounts, all the funds are transferred to an offshore bank account.

The platform also fails to deposit the minimum required amount to start a trading venture. Each platform ought to deposit funds with regulators to act as insurance cover. When things turn south, investors won’t get any compensation from the platform.

Assets and Trading Instruments

Investi FX offers five different classes of trading instruments. These include Commodities, Crypto, Forex, Indices, and Stocks. Those who sign up with the account trade with leading energies, gold, palladium, silver, wheat, etc.

You also trade with major crypto coins such as Bitcoin, Ethereum, Litecoin, and Ripple. These coins are paired against leading currencies such as Euro and the US Dollar. Unfortunately, we still don’t know the spreads that come with such pairs.

Forex trading offers the best chance of investing. However, the platform only provides major and minor pairs. And this means you can take advantage of the volatile market. It’s too bad no one gets to enjoy their trading winnings.

There are stocks from leading companies such as the FAANG group. It allows you to trade with global entities giving you a better portfolio. We also don’t know the leverage that comes with stock trading.

Business Owner

Information on who owns or runs investifx.com remains a mystery. And this makes it an anonymous investment platform. Any trading platform with a shred of anonymity should be your last option.

There’s no way of telling who is held responsible for funds. There’s a lack of transparency from the platform. And this is the reason why we have to expose the risks. You could be funding a personal venture for the owner.

Contact and support

When selecting a suitable investment platform, you should also consider the support structure. We recommend using platforms that offer more direct access to their support representatives. Go for platforms that allow direct access, such as live chat or phone calls.

From the look of things, InvestiFx is nowhere close to offering fast support. You have to send an email, and hope to get a quick response. We see this as an attempt by the platform to try and control the communication channels.

Deposit and Withdrawal

You can deposit using bank and wire transfer. Once you open an account, the platform sends an email with instructions on how to deposit funds. After depositing funds, the balance will reflect in your trading account within 24 hours.

Withdrawing funds from the platform remains the biggest challenge facing members. But, unfortunately, no one has had the chance to withdraw funds from the platform for the past few weeks. And that’s why we have to raise the red flag.

Is InvestiFx Licensed or Regulated?

InvestiFx is not a licensed or regulated entity. You won’t get to trade safely or in a fair environment. There’s a warning from CONSOB, which makes it a high-risk investment platform. We recommend you stay away from such entities.

Our Verdict

There’s no way we would recommend a platform that fails to offer investors a real trading environment. However, with the platform facing warnings and blocking withdrawals, please stay away from investifx.com.

We recommend using tested platforms that are transparent in every nature. Go for credible investment platforms with a proven track record.

Feel free to drop a comment or write to us.