INVCenter is an offshore based forex and CFDs broker with many trading assets covering from FX pairs to cryptocurrencies, commodities, metals, shares, and indexes to choose from. This broker provides a total of four different trading accounts with a maximum leverage of 1:200. A simple web-based trading platform is provided for trading, but the required minimum deposit is not mentioned on the official website. However, the broker is not a regulated entity. In this INVCenter review, we will discuss all the critical aspects of this broker. We advise you to read the full INVCenter review here.
The four trading accounts are Mini, Silver, Gold, and Platinum. Apart from the name of the account, the broker refuses to share any further information. Advanced Software Solutions LTD owns and manages the brand INVCenter that is operational from the shady area of Saint Vincent and the Grenadines. Now it is a well-known fact that the brokers functional from the SVG territory are mostly involved in scams.
Traders must understand that the unregulated brokers are risk-oriented and should not be trusted blindly. Instead, traders should trade with brokers regulated by regulators like FCA, UK, and ASIC, Australia. The broker also involved in the highly controversial practices of providing trading bonuses. These free bonuses are meant to attract traders. However, withdrawing these bonuses is a hard task. It requires a high trading volume to be eligible for withdrawals.
The most anticipated trading platform MetaTrader is not available with INVCenter. Instead, it provides a web-based trading platform. That is good for nothing. The spreads offered are fixed at five pips that are absurdly high and increases the cost of trading multifold. Generally, one pip spread is preferred by the traders.
This broker provides a variety of payment options to its clients; however, suspicion rises on the absence of e-wallet Skrill. The Skrill has recently adopted an anti-scam payment policy, and this must be the reason behind it. The broker does not provide a demo account, and this fact is worrying. Traders could not see the trading conditions before actual investments.
Is INVCenter scam or legit?
The broker is operational from SVG and is unregulated. The trading conditions are absurd and can’t be tradable. The broker is not trustworthy. Therefore, we claim INVCenter a potential Australian trading scam. Keep a safe distance from it.