INVcenter is an unlicensed Forex & Crypto CFD broker, that we stumbled across when we opened an account with Bitcoin Era. There is another website called InvDaily which looks like a clone of this broker.
For withdrawal problems and complaints, read this.
INVcenter Broker Review
Our in-depth review of the brokers INVcenter finds, they are using the popular TraderSoft white label CFD trading platform. Many offshore brokers use the basic trading software, since their clients are not experienced enough to use a real trading platform like TWS or MT5. This platform has CFD trading on hundreds of underlying assets including; Major Forex Pairs, Minor Pairs, Crypto, Stocks, Commodities and Market Indices.
As with many CFD brokers, the difference is the spreads and margin rates offered on different symbols. Bitcoin CFD trading just as example, was listed with spreads of $200. Good luck making money with those kinds of spreads. Minimum deposit for a new trading account is usually $250. This broker does not offer MT5 or mobile apps, you can only use their web based trading software.
Scam Trading Apps
WARNING! Before using free trading software like BitcoinEra, read this article.
You can find popular algorithm trading software listed here.
Is INVcenter a Regulated Broker?
No, INVcenter is not licensed and is not regulated. On July 1st 2020, the FCA warned investors about this broker, see here.
The way that the Scam Broker Investigator reviews a new Crypto / Forex CFD broker, to see if they are a legitimate broker is by checking for a valid license. Most legal online brokers are licensed by their local regulator like; ASIC Australia, FCA United Kingdom or by FSCA South Africa.
Officially owned and operated by Advanced Software Solutions Ltd, INV Center is located at: 1st Floor, First Saint Vincent Bank Building, James Street, P.O. Box 1574, Kingstown VC0100 St. Vincent and the Grenadines. Contact phone number in South Africa is: +27871951188 and from the United Kingdom: +442039910009. Customer support email is: [email protected], and the official website is: https://www.invcenter.com. Another website at invdaily.com looks like a clone of this broker.
Compare Licensed Brokers
With hundreds of brokers to choose from, traders usually choose one of the best brokers. Smart traders always verify that the broker they are going to invest with, is also licensed in their local country. You can find a list of all the popular Forex brokers here.
What was your trading experience with INVcenter like? Please leave your review in the comments below.