Blacklisted broker – review and reviews Invest Area
The Invest Area intermediary calls itself a new generation Forex broker and offers comfortable trading with financial market specialists. You can manage your account and analyze asset charts anywhere and anytime thanks to a user-friendly platform. However, the negative towards Invest Area appears more and more often, so can this company be trusted?
Invest Area Basics
| Year of founding | 2021 |
| Jurisdiction | UK |
| Adjustment | not adjustable |
| Contact details | phone, email |
The website says that the firm has “established itself as a global brand”; She considers the success of her clients to be her top priority. The staff team includes “honest, reliable and hardworking professionals”. The service was officially registered in the UK on August 18, 2021. The domain has existed since 2005, but was updated on August 11 – then the sharashka began its activities.
Terms of trading with a broker and types of accounts
The dubious green design of the Invest Area official website does not inspire much confidence in the company. Platform sections are devoted to trading accounts, analytical tools and affiliate programs. Among other things, there is a “VIP” tab – only those customers who have registered a special account and replenished the balance in bitcoins can enter it.
For other traders, 4 regular accounts are offered:
- Micro – the minimum deposit is 250 euros, trading is offered only on Forex with spreads from 1 pip and leverage up to 1:500;
- Standard – €2,500 account with 1:300 leverage and the ability to trade additional indices and commodities;
- Premium – for only 25,000 euros, Invest Area provides access to shares, reduced spreads from 0.6 pip and a leverage of 1:100;
- VIP – this €100,000 account differs from the previous one in a reduced spread from 0.2 pips. The transaction fee is 5 EUR per lot.
Personal account and withdrawal
To register an account, you must provide personal data – name, surname, phone number, country of residence, referral code and other information. After that, the scammers will “consider” the application, that is, call the trader around the clock and lure out information about the client’s financial situation.
Not much is known about the withdrawal. The list of available payment methods is not provided; there is no information about processing times and commissions.
What do traders say about the Invest Area service?
There are practically no reviews about the Invest Area website on the Internet – although the company has been operating for six months, no one says anything about it. On independent monitoring resources, experts warn that it is dangerous to open an account on this site. Trader Lauren also does not recommend sending money to crooks.
Trading terminals and tools for analytics
The market analytics section provides traders with the opportunity to use the economic calendar and profit calculators. The news page simply integrates articles from other open platforms. As for trading on the Invest Area website, the office offers three types of terminals for this:
- MT4 desktop terminal – Invest Area offers to download a redesigned platform, so the broker’s quotes will differ from the market ones;
- web-site Web-Trader;
- apps for mobile phones.
Invest Area legal documents and review results
German regulator BaFin warns that the broker is not regulated in Germany and is falsely presenting itself as a regulated brand in the UK and Switzerland. The independent organization FinaCom also blacklisted the company, warning that it operates illegally. In this way, the activity of the office is not regulated by anyone.
The absence of reviews about Invest Area and the blacklisting of the service suggests that trading on this web resource is extremely dangerous. It is better to choose another intermediary that is officially regulated.
