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InvestFW Review | A Reliable and Trustworthy Online Trading Platform or Scam?

by Kevin Berry
Rating: 
  1/5   Reviews: 3
InvestFW - logo

Have you heard of InvestFW? This broker claims to be a reliable and trustworthy online trading platform. Is it really true? After reading numerous reviews, it seems that many traders have had negative experiences with this platform. We will take a closer look at the platform and determine whether it is a scam.

Highlights

🏛️ Country Cyprus
⚠️ Regulation CySec
🖥️ Website https://www.investfw.com/
🎲 Demo Account Yes
⏳ Start Time 2016
💲 Minimum Deposit €250
⚖️ Minimum and Maximum Leverage 1:30
⚙️ Trading Platform WebTrader
📨 E-mail support@investfw.com
📞 Phone + (357) 25 262 126

First Impression of Investfw.com

The official InvestFW website looks nothing like the website of a serious broker. It has a cheap and unprofessional design that strains the eyes of any visitor. The website is poorly structured, and it does not seem like a lot of effort has been put into it. However, there are some positives, like the presence of legal information and contact details. Additionally, there is a disclaimer. Nevertheless, some crucial information is missing, which is quite concerning.

InvestFW - website

Account Opening on Inwestfw.com

To register on the website, you can fill out a simple form by providing personal and contact information. InvestFW also offers registration using an existing Google account. However, one of the downsides is that access to the Client Portal can be obtained without email verification.

Registration

After registration, you need to choose between a demo or a live account. In the Client Portal, you can also manage profile settings, deposit funds, or withdraw money.

InvestFW - Client Portal

Verification

To verify your account, you need to provide more detailed personal information and confirm your identity and residential address. Bank statements may also be required.

Pros
  • The verification process allows for easy upload of documents.
Cons
  • InvestFW doesn’t specify the timeframe for verification.

Trading Software

InvestFW’s trading platform is very strange. We couldn’t find any mention of its name on their website, and it’s not intuitive to use. The charts are only available when a position is opened, which is not typical. Additionally, the platform is only accessible through a web version. It’s unclear why the broker skimped on more familiar options like MT4 or MT5.

Features InvestFW FTM Trade  FxPro
Demo Account ✔️ ✔️
Mobile App ✔️
Own Development ✔️ ✔️

How Can I Trade With InvestFW?

We are not impressed with the official website and platform. Maybe InvestFW’s trading conditions deserve praise?

All Info About Accounts

Unfortunately, no. InvestFW’s trading conditions left us amused. The broker seemingly offers three types of accounts: Silver, Gold, and Platinum. However, in reality, they do not differ in any way. Seriously, every account offers the exact same features and conditions. The only difference is in the size of the spreads. The smallest spreads are in the Platinum account, starting from 0.7 pips. The minimum deposit may also differ, but its value is not specified for any of the accounts. Additionally, InvestFW claims that it does not charge any commissions from traders.

Pros
  • The broker promises not to withdraw commissions.
Cons
  • Accounts are almost no different.

Market Analysis and Education With Investfw.com

There is no mention of market analysis on the platform. However, trading accounts do offer educational materials. Although, the materials available in open access are quite limited. Traders can find a glossary and a brief description of assets. So, it is unclear what kind of education the broker provides to its clients.

Deposit, Withdrawal, and Fees

InvestFW provides limited deposit methods. Among the available options are only credit and debit cards or using Google/Apple Pay. However, in the deposit section, we found out that the minimum deposit amount is 250 euros.

The company doesn’t disclose what fees it charges for withdrawals. The FAQ section only states that they depend on the payment method. However, since there’s only one payment method available, the broker could have provided specific information on the number of fees.

Features InvestFW MTCapitals  Gainful Markets
Debit/Credit Cards ✔️ ✔️
Electronic Payments
Crypto Transfers ✔️
Deposit Fee ✔️
Withdrawal Fee ✔️ ✔️

How Can I Contact It?

InvestFW’s contact information is satisfactory. The broker provides several phone numbers, and it is evident that customer support is available in multiple languages. An email address and physical address are also provided. However, it is unclear whether the address is a nominal one or if it is the actual location of the broker’s office that clients can visit.

Pros
  • Full contacts.
Cons
  • Questionable address.

Is InvestFW Dangerous?

At the moment, we are not impressed with InvestFW’s offerings. We will continue our investigation to gather the most comprehensive information about the broker.

How Long Does The Broker Work?

The management company Itrade Global (Cy) Ltd has been operating since 2016, but it has several brands. Judging by the domain registration date, InvestFW appeared in 2019. We can say that this is not a particularly long time to consider the broker reliable.

Domain info

How Is InvestFW Regulated?

InvestFW claims to have a Cypriot license, and we have verified that the broker’s management company is indeed licensed by CySEC. Having a CySEC license may initially seem like a good sign, as it means that the broker is regulated and operates under certain rules and guidelines.

However, there are still potential issues that traders should be aware of. For example, the CySEC license has been criticized in the past for not providing strong enough protection for traders. Additionally, some brokers have been known to use their CySEC license as a way to gain credibility without actually following the necessary regulations. Therefore, while the license is a positive sign, it’s important to conduct further research into the broker’s overall reputation and check reviews before considering trading with it.

Features InvestFW GLE Markets Vantage
European Zone ✔️
Asian Zone
American Zone
African Zone
Offshore ✔️

Frequently Asked Questions (FAQ)

How to Trade With InvestFW?

You need to register an account and complete the verification process. Once your account is set up, you can fund it using one of the available payment methods and start trading.

Is InvestFW Legit?

The broker claims to be regulated by CySEC, which is a reputable regulatory authority in Cyprus. However, it's important to note that regulation doesn't guarantee the legitimacy of a company, and traders should always do their own due diligence before investing with any broker.

How Risky Is It?

Trading with any broker involves risks, and InvestFW is no exception. While the broker claims to be regulated and offers various risk management tools, it's worth noting that the majority of traders (81%) lose money here. Therefore, it's important to carefully consider the risks involved before investing and to never deposit more than you can afford to lose.
Kevin Berry
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Expert Opinion

InvestFW is like that guy who shows up to a fancy party wearing a cheap suit and a flashy tie. On the surface, everything seems okay, but as soon as you start digging deeper, you realize it’s all smoke and mirrors. While they may have a license from CySec, it doesn’t necessarily mean they have your best interests at heart. As an expert in the field, I wouldn’t trust them with my money any more than I would trust a monkey with a loaded gun. Stay away, my friends, and find yourself a more trustworthy broker.

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InvestFW rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

3 reviews about InvestFW

Ari February 24, 2023 - 19:21
Boors and impudents
The level of trust
Efficiency of technical support

I did face issues with their trading platform, but their customer support was incredibly rude. When I reached out to them for assistance, I was met with hostility and disrespect. It’s unacceptable for a company to treat its customers in such a manner.

Reply
Hvit March 1, 2023 - 22:04
Problems in the trading process
The level of trust
Efficiency of technical support

During the trading process, I encountered multiple technical issues such as slow execution times and system crashes, which resulted in losses. Customer support provided no solutions. Thus, I do not recommend this platform for trading.

Reply
Hashem March 6, 2023 - 16:37
I said goodbye to this broker and I advise you to do the same
The level of trust
Quick withdrawal of funds
Efficiency of technical support

I had a very unpleasant experience with this broker and I would not recommend this broker to anyone. My main issue with them was related to the verification process. I had already completed the verification process when I made a deposit, but when I tried to withdraw my funds, they asked me to verify my account again. This was surprising and frustrating, but I went ahead and submitted the required documents.
However, even after submitting the documents, I did not receive any confirmation or feedback from InvestFW for several days. I tried to contact their customer support team, but they did not provide any concrete information about the status of my verification process. This went on for several weeks, and during this time, I was unable to access my funds or make any trades. I eventually decided to cut my losses and look for another broker.

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