Updated on April 22, 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 InvestTeck due to the issues we've identified.
Is InvestTeck Scam or Legit Broker? ▲
The question of whether InvestTeck is a scam or a legitimate broker is of paramount concern to traders and investors alike. After an in-depth analysis, it has become evident that engaging in trading activities with InvestTeck poses significant risks, as it is an unregulated entity. The absence of regulation raises serious concerns about the safety of trading with this broker. Additionally, there have been allegations suggesting fraudulent activities associated with the firm. Our investigation into the company's operations revealed that it lacks any form of authorization or registration, casting doubt on its legitimacy. The company's operations seem shrouded in mystery, with indications that it may be functioning from an undisclosed location, far removed from its purported address. This level of opacity and the absence of regulatory oversight strongly suggest that InvestTeck is not a trustworthy broker.
InvestTeck, purportedly operated by GreenRiver OU and claiming a base in Dublin, Ireland, positions itself as a leading financial services provider, offering a spectrum of investment solutions, such as Online Trading and FX. However, the firm's claims are marred by the lack of transparency concerning its regulatory status. Moreover, the reputation of GreenRiver OU, the parent company, is tarnished by questionable practices. With its registered address in Tallinn, Estonia, GreenRiver OU is linked to other brokerage entities (e.g., GCC Investing, Jones Mutual) that have faced blacklisting and bans by regulatory bodies like the Estonian Financial Supervisory Authority and the Australian Securities and Investments Commission. The problematic history of GreenRiver OU's associated brokers, coupled with reports from traders about difficulties in withdrawing funds, underscores the necessity of steering clear of InvestTeck.
No pros identified due to the broker's unregulated status and the associated risks.
Unregulated broker, lacking transparency and regulatory oversight.
Owned by GreenRiver OU, a company linked to other questionable brokers.
Suspected fraudulent activities and problems with fund withdrawal reported by traders.
Lack of clear information about trading conditions and contact details, raising red flags.
The company's website is currently inactive, indicating possible discontinuation of operations.
The culmination of our comprehensive review strongly advises investors and traders to steer clear of InvestTeck and other unregulated brokers. The glaring absence of regulatory information, coupled with the broker's opaque trading conditions and lack of accessible contact details, signals a high risk of investment scams. Typically, such entities engage in deceptive practices at the expense of unsuspecting traders. It is imperative for traders to allocate their investments with brokers that are well-regulated by reputable authorities like the FCA in the UK or ASIC in Australia, and to consider reliable brokers such as FXTM and Alpari, which have established a track record of trustworthiness (refer to FXTM Review and Alpari Review for more information). The recent unavailability of InvestTeck's website further exacerbates concerns, suggesting a cessation of its trading services. Nevertheless, traders should remain vigilant and cautious of any trading propositions that may emerge from this broker.
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.
InvestTeck Review 2024
