InvestXE is just another unlicensed Forex & Crypto CFD Broker, that opened in April 2020. If you currently have investments at Invest XE, please share your experience with other investors, in the comments section below.
Investors can learn about complaints and withdrawal problems by reading this article.
InvestXE Broker Review
InvestXE offers investors a simple web based trading platform made by PandaTS. This web based trading software is used by many white label brokers, because it is easy to use. It is made for newbie Crypto investors, who don’t want to take the time to learn a professional trading software like MetaTrader4. You will not find any mobile trading apps at this broker.
We can see that they are offering CFD trading on many underlying assets including; Forex, Commodities, Crypto, Individual Shares and Market Indexes. The minimum deposit requirement for a new trading account is $250. This broker has a very large inactivity fee of $50 per month, so if you are not going to be actively trading, then you will lose your balance quickly.
99% of investors just like you, were directed to InvestXE from a get rich quick trading app advertisement like Bitcoin Era.
Fake Trading Apps
Just like you, we also for this brokers, because we registered for an automated trading app called Bitcoin Era.
The real truth is, that no trading app can automatically trade crypto for you, and make money. What you will actually find, is that you will receive a phone call from a broker, asking you to invest $5,000 with his “senior expert trader”. For a more detailed explanation of how the scam work, Read this article.
Is InvestXE a Legit Broker?
No, InvestXE is not licensed and they are not regulated. All online brokers must be regulated and licensed in the country they operate, like the FCA (Financial Conduct Authority) in the United Kingdom. On July 3rd 2021, This is Money wrote an expose on this company, see here.
InvestXE is owned and operated by a company called InvestXE LLC, which is located in St. Vincent and the Grenadines or in Dominica. They do not list a physical address. Their phone number in Hong Kong is: +85230186918, and contact email address is: [email protected]. Official website is at: https://InvestXE.com/.
When the Scam Broker Investigator reviews a new broker to see if they are legitimate or a scam, we check for a valid brokers license. Before investing your money, read some real reviews of licensed brokers, and also look at the popular brokers listed here.
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An intelligent person like yourself, should first try a few of the popular regulated brokers, before settling on a broker.
Signup for a Free Demo Account on their custom trading system, register here.