Table of Content
FXInvestment Review – Find Out What This Broker Can Offer
Table of Content
FXInvestment is a broker website owned and operated by Wave Makers LTD. The firm was registered in 2021, with the office in Marshall Islands.
Despite a fairly decent looking website, FXInvestment gets off as suspicious because of lack of legal documents. With the promises of easy money gain and attractive bonuses, clients would be easily interested to invest.
Sadly, potential investments would be in vain, as this broker seems to be missing any kind of regulation.
|Platforms||Web based MT4 and MT5|
FXInvestment has been blacklisted by the leading Spanish regulator – CNMV:
Read on and find out more from our FXInvestemnt review:
How Are You Protected at FXInvestment? Broker Regulation
FXInvestment is clearly not regulated, or else there wouldn’t be a warning issued against them. CNMV is one of the most influential EU regulatory bodies. Blacklisting FXInvestment as a broker not licensed to provide financial services and perform bank transactions in Spain means the broker is a fraud operating illegally.
EU regulators make sure the brokerage companies have enough beginning capital to keep their business running. Various criteria also have to be met: segregated bank accounts for clients’ funds, risk-reducing measures, leverage restriction.
Attention is especially focused on protecting the clients by enforcing the transparency and implementation of anti-money laundering strategies. For the mentioned purposes, brokers operating in EEA have to comply with MiFID.
To check if the broker was regulated by any other financial authority, we went through the databases of major regulators like IIROC, ASIC, CySEC, FCA, AMF, CONSOB. The results we got were negative.
Without license and authorisation to provide their services, FXInvestments is a threat to all potential investors.
Available Trading Software at FXInvestment
The trading area is laggy and beyond confusing. Apparently users choose between MetaTrader 4 and MetaTrader 5 web platforms. However, accessing them is not easy and neither is it linked directly.
The platforms vaguely resemble a functional MT4 and MT5 but lacking reliability and credible features. There’s also an area called Live Trade, but apart from the visually striking environment, it can hardly be considered a professional trading tool.
Since bogus brokers are known for manipulatively using the trading platforms to deceive users, make sure you’re trading with a trustworthy broker.
Account Types Offered by FXInvestment
Before finding out about account types available, the user has to first make a Starter account. After that you can upgrade your account by depositing more. The more you invest the better account type you get:
- Silver Level – $2 000
- Gold Level – $5 000
- Platinum Level – $10 000
- Diamond Level – $20 000
With bigger deposits, more services and options come, personal coaches included. There are also live trading with the help of an expert. Some advanced features like customized platform, advance software configuration aren’t overly clear but are promised, as well.
What Market Instrument Can Be Traded at FXInvestment?
Navigating through the trading area seemed a difficult task and finding the trading instruments available was even worse. Seems like FXInvestment is very biased towards cryptocurrencies whether it comes to instruments or depositing methods.
Trading area shows the price movement of quite a few cryptocurrencies. Starting the web based trading software can give access to currency pairs and some basic charts related to the mentioned.
Regulated brokers are transparent and clear about all the trading conditions they provide. It’s safer to just go with an acclaimed brokerage firm instead of shady FXInvestment.
FXInvestment Deposit and Withdrawal Process
Funding your account is done from the trading area. There’s a few depositing options listed but the primary are obviously crypto. Apart from BTC, ETH, LTC and USDT depositing, there is also credit cars.
Fraudulent brokerage companies are notorious for forcing the customers to deposit in crypto. Investing in cryptocurrencies is risky. Scammers keep anonymity while you have difficulties withdrawing funds later.
Withdrawals are practically impossible with FXInvestment. Clients have 3 months time to triple the initial deposit plus the bonus rewarded to be eligible for withdrawal. If they do not manage to do this, they will lose the right over all their profits. Above all, the withdrawal fee is 20%.
FXInvestment Bonuses and Promotions
FXInvestments has a trading contest. This means that all newly registered accounts participate in a contest to win up to $20 000, with 20 winners every week.
There’s also a giveaway, through which clients can allegedly win 200% bonus and valuable prizes by investing. Depending on the sum invested, prizes range from Airpods to iPhone. Minimum deposit amount to participate is $10.
If you want to understand rules revolving around bonuses, there’s a link to a page explaining this. Unfortunately, you’ll only get an error 404 if you try clicking on it.
How Do I Get My Money Back If FXInvestment Scams Me?
There’s hardly a safer way to get your money except contacting government’s financial institutions. Financial authorities and the police have what’s necessary to track and deal with cyber theft.
You should contact the bank managing your funds in order to protect your accounts. Changing your credit card info should help reduce the risk of your funds being abused for fraudulent purposes.
Lastly, depositing methods matter tremendously. Funding your account with credit/debit cards will make it easier to chargeback. As long as it’s within the period of 6 months since the deposit time.
- Unreliable trading terminal
- High-priced accounts
- Bonuses with unreachable conditions
- Withdrawal fees
FAQs About FXInvestment Broker
Is My Money Safe with FXInvestment?
Since FXInvestment is not a regulated broker, they cannot offer the safety of funds or enhanced customer protection.
How Long Does it Take to Withdraw From FXInvestment?
FXInvestment claims the withdrawals are processed fast and as soon as the necessary conditions are met.
What Are The Funding Methods For FXInvestment?
Funding methods accepted are crypto and credit cards.