InvestCity Review (2023)
Is InvestCity a scam or a legit broker?
It is not safe to trade with InvestCity, because it is an unregulated broker. In addition, the company has been suspected to be a fraud. While we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.
About InvestCity
| 🗺️ Registered in | Cyprus |
| 🗺️ Type of License | CySEC License |
| 🛡️ Is InvestCity safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
InvestCity is a trading name of the Instant Trading EU Ltd that operates under the authority of the Cyprus Securities and Exchange Commission (CySEC) with license number 266/15. The company claims its reliable foundation to enable investment needs with no matter what type of investor the client is, while there is an advanced offering with a wide selection of asset classes to trade and invest. However, the broker registration number is also used in the operation of Insta Forex FX trading company and the ForexMart, which at fact was listed earlier at our Brokers to Avoid list.
Of course, it is not the crime and not the main concert that the license is same, yet while the broker or investment firm operates under the same licenses many trading names there are many questions revealed. Most often it will mean that there are issues with the company reputation, while the broker still tries to attract new clients or to start from the “scratch” its fraud operation further on under the new names.
Conclusion
In addition, the related companies to InvestCity received also a fine from the CySEC authority, for their lack of compliance to the necessary rules and obligations towards clients, as the company was detected to operate not in a client’s interest. Unfortunately, these issues are not so rare within the Forex industry. Therefore, we always advise trading only with the reliable brokers that gained a reputation and deliver the client protection or reliable trading environment at all times. The list of the best fore brokers can be checked out at our website while the useful information about the broker will help to choose the suitable one.