InvCenter is a brand owned by Advanced Software Solutions Ltd. The company is registered in Saint Vincent and the Grenadines, established in 2019. So far, the broker is operating with no regulation. Several security warnings are issued against this broker by regulatory bodies from the UK, Belgium, Austria, Italy, etc.
When it comes to the funds’ security, we can see the big words – ESMA regulation, MiFID directive. But nowhere can we not see where the funds are held and where clients can complain in case of any issues. So far, for the sake of our INVcenter review, we can say that the broker is not legit.
|Regulated by: none|
|Headquarters Country: Saint Vincent and the Grenadines|
|Foundation year: 2019|
|Instruments: FX, cryptocurrencies, commodities, stocks, indicies|
What Can You Trade With an InvCenter Broker?
The broker is offering trading with currency pairs, cryptocurrencies, commodities, stocks, and indicies. The trading is executed on the TraderSoft platform. This is a web trader provided by a third party. However, every serious broker would offer MT4 or MT5 since they have far more features and higher security. This shows us that the InvCenter broker’s goal is to take the money, not help clients make money. Another thing important to mention is that the web trader is relatively slow, which is not allowed when trading. Even 0.01 seconds can change the outcome of your trade.
The broker is also offering automated trading software that allegedly has an 88% success rate. This is the biggest scam of all because no legit broker is allowed to guarantee or promise any profits to clients. Usually, the scam brokers do not even have a license for any trading software, and they are just advertising it to convince clients that the profit is guaranteed.
If you get any offers from this scam broker, we strongly advise you to decline them.
Deposit and Withdrawal Methods
The minimum deposit of the InvCenter broker is $250. When it comes to deposit and withdrawal methods, the broker does not provide any information about them. This is highly suspicious because clients don’t know what to expect when opening an account. Also, we couldn’t find a list of fees and commissions the broker is charging. It looks like transparency is not a priority of the InvCenter broker.
So far, it remains unclear how the broker is making money. Is it from fees, swaps, commissions, spread? We have no answer for you. Also, there is no Demo account where we could test everything out and conclude if there are any swaps and spreads and how big they are.
Conclusion About InvCenter
InvCenter is a broker operating from an offshore country without a license. Many authority bodies noticed its activities and warned the clients to report scam activities of the company. Nowhere you cannot find fees or commission that the broker will charge you if you decide to start trading with it. Therefore, we strongly advise you not to open an account with InvCenter. It’s a scam broker that should not be trusted.
And if you are still not convinced, more reviews can be found here scambrokersreviews.com.