InvestTechFX - Forex Broker ReviewHave you used this broker? Send us your review and be featured on this website!
InvestTechFX originate from Canada with over 20 years experience in the financial market. They are non-dealing desk broker that thrive for their cutting-edge trading platform and great service. If you decide to open an account with this broker here are some of the great features you will be exposed to: Multi-lingual service The main disadvantage of this broker is that they do charge for EA/Scalping. I would strongly advise you to inform them in case you do not use EA/Scalping. You wont be charged any extra fee once they take you off their EA/Scalping list. This broker has had some good reviews over the net making them a fair broker with some interesting options. Like any broker, they have both pros and cons, however, I suggest trying them out first with a MINI account and see how they pan out.
Read User Comments:From: Sarper Osman Country: United Kingdom Broker Rating: SCAM
Based in Toronto. Tried this company due to low spreads with no commission, If you want to lose your money or spend weeks trying to recover only some of your profits, Then InvestTechFX is for you ! They are a Canadian registered company acting as a software service provider not Forex broker, Very bad customer support unless you deposit money into their bank account. Everyone goes on a first name basis, from the first day, I realized commission was charged and Major disparity between platform executions on MT4, about 10 - 15 seconds delay live. After calling them and complaining, they removed the commission and made me promise not to do Scalping and would put me on a faster system when I reached 10K. I Continued trading for a week making large profits of 6K totaling 11K, sent them an email asking for a faster system. This is when all the troubles started !, Here are step by step accounts that followed. InvestTechFX (support): Would need to have a 20K account for a faster system, Myself: It was promised on a 10K account and if I was not put on a faster system in the next couple of days, Then will have to end the account for a broker that provides a faster execution A few days later without my knowledge (Sunday night ) my account was frozen. I Called customer support explaining what had happened, but no one knew why and they would get back to me that night, (no one called). Next day afternoon “Monday” after continually making calls and send emails, they contacted me and said my account had been frozen by the clearing department because I was abusing the system by making a lot of trades which defines SCALPING and someone from compliance department will contact me. HERE COMES THE SCAM. For over a week, emails was sent backwards and forwards with me explaining that I was not scalping but just doing many trades over a long period of time between 8 and 12 hours a day. Then compliance came back to me offering me my initial start-up money only 5K out of 11K, the next few days they offered me 7K total as they had to charge extra commission for the whole 6 day period. Again over a week of emails, I asked to split the difference of 8K as I was just tied of wasting time and not trading, for them to bank wire my money. BIGGER SCAM ! The compliance department replied back that they would only pay back my funds via PAYPAL and not bank wire, It was there policy ! After setting up a PAYPAL account, they sent the money which I had to pay a commission to PAYPAL around 3.5% and had to find a FOREX broker that would only accept PAYPAL which would charge another 3.5% totaling 7% which comes to around $560.00. PLEASE PLEASE DO NOT GO NEAR InvestTechFX, They are a big SCAM, I made the mistake don’t follow my footsteps.
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