Invotrade Review

Read our Invotrade review to see if we recommend this broker for trading. Just to clear doubts, this is an invotrade.com review.

Is Invotrade Legit?

After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are infamous for scamming schemes.

So, Invotrade is just another unregulated forex broker, which means the customers aren’t protected, and there is highly likely they will get away with your hard-earned money and there will be no regulating agency to hold them responsible.

How does the scam work?

Usually, unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit. And they will try any conceivable method in order to make that happen. They will offer deals that sound too good to be true. Like we will double your initial deposit or you will make hundreds of dollars per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, they transfer clients to a smarter scammer, called a “retention agent”, who will try to get more money out of you. Also, one thing we need to add here is: don’t trust the good Invotrade reviews you might see online. They pay websites and services to improve their online reputation by posting good reviews about them.

Withdrawing funds

You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.

If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It doesn’t matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.

How to get your money back Invotrade?

If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all, you need to keep the emails as proof that you have been requesting the money back from them but they don’t give it to you. Or they delay the process for too long, with the intention of not refunding your money.

The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how they deceived you into depositing money for a non-regulated trading company. Mention also that they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact [email protected] but don’t let your broker know they you read this article or that you are contacting us.

What about wires?

If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on where you live, you can search google to find the regulatory agency for Forex brokers in your country. After that you can prepare a letter or an email describing how they deceived you. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you don’t know where to start, reach us at [email protected] and we’ll help you with this step as well.

Make sure you leave Invotrade reviews in other sites

Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites. See what other sites have posted reviews about Invotrade, and describe shortly what happened. If you fallen victim, please leave a review and a comment on this site at the comment section. Also, when these people change their website, they tend to call the old clients. So, if they call you from a new website, mention it in the comment or let us know about it. That would be really appreciated by us by our users. Also, if you get phone calls from other companies, please put the name of these companies also in the comment. Or you can send them to us and we will expose them too.

Invotrade Review Conclusions

Making the Invotrade review was our pleasure, and we hope to save as many people from losing their hard-earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Invotrade review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade, please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.

Was this article helpful?
YesNo
etoro

2 COMMENTS

  1. Hi.

    I have been scamed for 500 EUR. They wanted med to take up 5000 usd loan to start a staking account and they wanted 10% as payment. I refused to take up a loan and asked for my money back and that was not possible. Suddenly my found was at 7046 EUR in few weeks and i still wanted my money back and closier of my account. The only way was with blockchain and i had to pay 40% tax to get 7046 EUR to blockchain.
    I got a mail from [email protected] with this information.
    “Dear Mr. Butt,

    Hope this mail finds you well,
    We have been notified that you have initiated the liquidation process
    From your trading account with Invo Trade.

    Congratulations, your BTC worth of EUR 7,046.00 is with us now.

    For liquifying your crypto assets you will need to pay taxes 40%,
    Which is applied to the benefit of your investment.

    Total amount to be payed is EUR 2,616.80.

    Payment has to be collected from the crypto wallet where you wish to
    collect your funds.

    Wallet address to deposit tax:
    bc1q8tr8ywlxw3xwsgeulfzhzkcwzg50g6ellymnrw

    Respectfully:

    Blockchain Billing Team”

    This is probably fake. Wallet adress is real at blockchain.com i have made a ticket at them aswell to check this out.
    My account i gone from invotrade i cant login there anymore. But i have taken picture of my account to have proff.
    I did transfer my founds by using Intensibio.com as they told me to do by a link they sent me on email.
    Probably wired.
    I have also contacted intensibio and asked for chargeback and reported invotrade as a scam site.
    I am waiting respons from blockchain and intensibio regarding my case.

    I came over your article just now that confirms that i have been scamed.

    I will warn others to stay away from them on every.place available on net.

    (1/5)

  2. Hallo.
    Ik ben denkelijk ook opgelicht door deze.ik begon via 50 euro en 250 en toen mijn spaarcenten van 2500 die ik had gespaard voor mijn nieuwe keuken. toen moest ik een lening oppakken van 10.000 euro dat ik gedaan heb om mijn geld van atomic wallet terug te krijgen. maar atomic wallet zei dat ik het verschil van 0.15 bit naar 0.21 moest bij betalen voor gelijkheid in mijn wallet.ik sprak met daniel anderson die dat allemaal regelde. hij had zelf 6000 euro gestort naar mijn bank zodat ik het naar kraken account kon storten en dan naar atomic wallet storten omdat gelijk te trekken maar , mijn bank weigerde dat.hij zou anders proberen maar hij zei dat niet geluk was.dus zit ik nu met een lening van 10.000 euro en mijn 2500 spaargeld en de rest wat ik kwijt ben.hij was zo overtuigend en ik heb op invotrade 15.867.58 staan en in mijn wallet 11.085 staan. als ik dat kon terug krijgen dan was alles opgelost maar zou niet weten hoe.  dan atomic wallet houd de 10.000 vast totdat ik ik die 5000 heb gestort. 
    kunt u mij helpen om mijn geld terug te krijgen zodat ik de lening weer weg kan doen die met rente 14.500 bedraagt. daarom vraag ik om die 15.000 wat op trading site staan.
    graag aub hulp.
    mvg A. Broun

LEAVE A REPLY

Please enter your name here
Please enter your comment!

This site uses Akismet to reduce spam. Learn how your comment data is processed.