Inovestments was an offshore Forex & Crypto CFD broker that opened in March 2019, and is now closed.
Inovestments is owned and operated by Domus Partners Ltd, which is located at: Griffith Corporate Centre, Suite 350, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines. Contact phone number is: +442080892108, and customer support email address is: [email protected]. Official website is at: https://inovestments.com/.
For complaints and withdrawal problems, read this article.
Inovestments Broker Review
Investors at Inovestments will find that they offer the Leverate Activ8 web-based CFD trading platform. This trading software is very easy to use and simple for beginner investors and day traders. You can select the leverage amount you would like to use, your Stop Loss, and Take Profit amounts. Also available is the generic MetaTrader4 (MT4) trading platform, and Activ8 Mobile App for iPhone and Android.
They have listed for trading hundreds of underlying assets for CFD’s on stocks. All major and minor currency pairs are available, plus you can trade Crypto Currency CFD’s on Bitcoin, along with CFD’s on shares of Cannabis Stocks. Leverage / Margin rates officially vary depending on your account type. Four account types are shown, with the minimum deposit required for a new account being $250. On starter accounts, it states that there is a commission charged of 1.5%.
You can find brokers with tight spreads, listed here.
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Is Inovestments a Licensed Broker?
No, Inovestments is not licensed or regulated. Although they list an address of; 27th Norwich St, Holborn London, United Kingdom on their website, they are actually located offshore.
Scam Broker Investigator has reviewed hundreds of online brokers, to see if they are a legal brokerage firms, or scam brokers. The one thing we check for, is to see if the broker is licensed and regulated. Using a licensed broker means that your funds are usually insured by the government regulator, and held in segregated bank accounts.
We have received many complaints from traders about withdrawing their money from unlicensed brokers.
Compare Brokers
Most new investors will choose an established Forex broker, before using an offshore broker. You can see a list of popular brokers that are regulated, look here.
If you are already investing with the brokers at Inovestments, share your experience with other day traders in the comments below.