InvestingPRO Review (2023)

Is InvestingPRO a scam or a legit broker?

InvestingPRO has been suspected as a scam broker. This broker is blacklisted by the well-known regulatory authority and should be avoided. InvestingPRO is owned by Milton Group LTD which is an offshore company registered in the Marshall Islands.

The Marshall Islands is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading (See the Best forex brokers list). Therefore, it became an offshore zone for shady forex brokers such as MegaTradeFX, Finbitex, Tradersway and more.

InvestingPRO is a broker that provides Forex and CFD (Read about Forex and CFD broker HYCM) solutions to institutional and private investors. The website is owned and operated by a group of companies. The group includes Milton Group LTD, registered in the Marshall Islands and Kyoto Limited LTD., registered in Sofia, Bulgaria. Although the company claims to be registered in Bulgaria, it is not regulated by Bulgaria’s Financial Supervision Commission.
The broker provides the copy of the license with the Financial Commission which is also an offshore entity and considered to be a fraud and has a lot of negative reviews.
One more thing to pay attention to is the contact phone numbers with Italy’s and Poland’s country codes which only shows that the broker has been targeting EU countries without any authorization. Moreover, Spain’s National Securities Market Commission (CNMV) has issued a warning against InvestingPRO: 

” www.investingpro.com is not authorized to provide the investment services detailed in Article 140 of the Securities Markets Law, which includes investment advice, or to provide the auxiliary services…”

Conclusion

It is recommended to trade with brokers regulated by UK’s FCA or Australia’s ASIC instead (Find the list of ASIC regulated forex brokers by link). For example, the license from UK’s Financial Conduct Authority requires EUR 125,000 of capital for the STP license (Check out STP brokers list) aside from client deposits. The regulator also protects customers when authorized financial services firms fail. Check the list of the FCA-regulated brokers.