Updated on February 9, 2024
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In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding InvestingPRO due to the issues we've identified.
Is InvestingPRO Scam or Legit Broker? ▲
The credibility of InvestingPRO as a broker has come under intense scrutiny, raising significant concerns about its legitimacy. This broker has been placed on the blacklist of a renowned regulatory authority, signaling a clear warning to potential investors to steer clear of this entity. Owned by Milton Group LTD, an entity rooted in the Marshall Islands, InvestingPRO's operational base is a locale known for its lax regulatory environment. The Marshall Islands have gained notoriety for minimal regulatory requirements and oversight, making it a haven for questionable forex brokers including, but not limited to, MegaTradeFX, Finbitex, and Tradersway. This lack of stringent regulation casts a shadow of doubt over the legitimacy and safety of investing with InvestingPRO.
InvestingPRO emerges as a brokerage entity offering Forex and CFD trading solutions to both institutional and retail investors. The operational framework of this broker is underpinned by a conglomerate of companies, among which Milton Group LTD, registered in the Marshall Islands, and Kyoto Limited LTD., with registration in Sofia, Bulgaria, are notable. Despite assertions of registration in Bulgaria, InvestingPRO falls short of securing regulation from Bulgaria's Financial Supervision Commission, a critical red flag for potential investors.
Further exacerbating concerns is the broker's purported license with the Financial Commission, an entity whose credibility is marred by associations with offshore operations and negative feedback. The presence of contact numbers linked to Italy and Poland suggests an attempt to penetrate EU markets without the requisite authorization, a practice frowned upon by regulatory bodies. Notably, Spain's National Securities Market Commission (CNMV) has explicitly warned against InvestingPRO, citing unauthorized activities within the realm of investment services and advisory roles, as delineated in Article 140 of the Securities Markets Law.
Given the myriad of concerns surrounding InvestingPRO, ranging from its offshore registration in the Marshall Islands to the absence of credible regulatory oversight, the recommendation leans heavily towards opting for brokers regulated by more reputable authorities such as the UK's Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC). Such regulatory environments offer a higher degree of protection and reliability, elements conspicuously absent in the operations of InvestingPRO. In the realm of Forex and CFD trading, aligning with brokers that maintain regulatory compliance with esteemed bodies like FCA or ASIC is paramount.
InvestingPRO Updates
The digital footprint of InvestingPRO has notably diminished, with its official website no longer accessible. This development implies a cessation of its trading services and the unavailability of new account openings, further cementing the broker's questionable status and reinforcing the advice to avoid engagement with this entity.
When considering alternatives, brokers like Interactive Brokers, City Index, and AvaTrade stand out. They not only offer the security of stringent regulation but also bring to the table comprehensive trading solutions that can meet the needs of both novice and seasoned traders.
InvestingPRO Review 2024
Please avoid this broker, I was scammed by them they keep asking for more money until I realised myself and refused to pay, well I was lucky enough to meet Adam funds reclaim at mail dt cm who assisted me to get a full refund of my scammed amount
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