InvestBy is a CFD broker that offers Forex and Crypto CFD trading services.
They are officially owned by; TECHFX LLC, and located at: 69a-2 Minskaya Street, Office 23, Kolodishchi Agrotown, Minsk, Belarus. Contact phone number in South Africa is: +27418801700. Customer support email address is: [email protected].
Official Website is: https://InvestBy.com. For complaints or withdrawal problems, read this.
InvestBy Broker Review
Our review of InvestBy shows that they offer Forex CFD day traders and investors, the popular and user friendly MetaTrader4 (MT4) trading platform. They make available both the web-based MT4 trading app, along with standard MetaTrader mobile apps. They offer CFD trading in more than 170 underlying assets, including; Major Forex pairs, Minor Forex pairs, Crypto Currencies, Stocks, Commodities and Market Indices.
Maximum leverage offered on Forex is limited at 100:1. This is higher than the standard leverage rates of E.U. brokers. Although Belarus is in Europe, they are not a member of the European Union. Bitcoin CFD trading does not have leverage available, so you are better off trading Crypto directly on an exchange, and not via CFDs.
Trading with leverage can be very risky, and new traders should make sure they fully understand the risks associated with using margin. Three trading account types are offered, with the minimum deposit for a Silver account is $250.
As a European forex broker, their website is localized and translated into; Spanish, Portuguese, Thai, Russian and English.
Crypto Trading App Scams
It is important to be aware of the numerous scam trading apps that are promoted online. They go by the names Bitcoin Code, Crypto Genius and more.
Before using any automated trading system, you need to know a few things:
- Automated trading apps are not 100% accurate.
- Most people lose money when using an algorithm trading app.
- CFD brokers are not licensed to give you investing advice.
Go read more about automated trading robots.
Is InvestBy Licensed & Regulated?
Yes, InvestBy is licensed and regulated by the National Bank of the Republic of Belarus (NBRB), and their license number 40023.
The way that the Scam Broker Investigator reviews a CFD broker to determine if they are a legitimate broker or a scam, is be checking for a valid brokers license. In recent months, we have seen many scam brokers that were not regulated, go out of business and take their client funds with them.
Smart investors and day traders choose a local licensed broker, that has a license and is regulated by their local governments financial regulator. For example, traders in Australia use ASIC licensed brokers, and in South Africa traders should be using FSCA regulated brokers.
Compare Brokers
ForTrade is a popular international broker, since they are regulated and licensed by the FCA, ASIC and IIROC, see here. Go try a Free Demo Account at: ForTrade.com.
What was your experience investing with the brokers at InvestBy? Please share your review in the comment section below.