Invest Trader Review
Reason to avoid: No License
Listed Date: November 1, 2018
Top 3 Regulated Forex Brokers
Beware InvestTrader is a Non Licensed Broker. It is NOT SAFE to trade.
- Company name:
Hottrade Investments Limited. InvestTrader
- Registration Address/ License:
Cyprus. No License, No Regulation.
Investrader offers a range of binary options types with 180 tradable assets sure to suit any type of trader, from the popular 60-second expiries and for more aggressive traders looking for a rapid return all the way up to end of the day expiries through advanced trading tools. The broker mentions its location and address in Nicosia, Limassol, as well as owning company Hottrade Investments Limited.
However, in our earlier reviews, we did face that this company speculates about the information it presents on the official website and has a relation to other trading brands, as well shows an absolutely fake data. While discovering Invest Trader, one of the pages mentioned a registration of the broker and its legislation: “As one of the few CySEC licensed and regulated online binary options trading sites, Investrader fully ensures the privacy and security of your data as well as maximum transparency in your trading experience.”
Of course, we checked the data and found out that there is no such a registration existing. Furthermore, the CySEC included InvestTrade domain as unregistered and non-legitimate one (check by the link). So all the questions we had found their answers while concluding that there is no trust to InvestTrader broker. Therefore our readers and traders should avoid InvestTrader and be alerted in case they see any mentioning about Hottrade Investment Limited.
In any case, trading itself is a risky business that requires knowledge and a trustful broker. It is a much better idea to trade with a regulated broker that is registered either with CySEC, FCA or ASIC and of course, in order to avoid misleading and typical scams you should check carefully the registers first on the official website of a particular authority.