Is Invideo.io a Legitimate Trading Platform or a Scam?
In this article, we will evaluate the trading platform Invideo.io to determine whether it is a legitimate service or a potential scam.
Company Overview
- Company Name: Invideo.io
- Website: invideo.io
- Registered Country: Unknown
- Regulation Status: Unregulated; claims of regulation are misleading.
- Operating Since: 2021
- Trading Platforms: WebTrader (no MT4 or MT5 available)
- Leverage Offered: Up to 1:500
- Minimum Deposit/Deposit Bonus: Minimum deposit of $250; no deposit bonus mentioned.
- Available Assets to Trade: Forex, Crypto, Commodities, Indices
- Demo Account Availability: No demo account offered.
- Customer Support Contact Methods: Email and live chat.
Red Flags Indicating It is a Scam
Unlicensed and Unregulated
Invideo.io claims to be regulated but does not hold any licenses from reputable financial authorities such as the FCA or ASIC. This lack of regulation raises significant concerns about its legitimacy.
Misleading Information
The platform may falsely claim affiliations with legitimate regulated entities, which can mislead potential traders into believing they are dealing with a trustworthy broker.
Fake Reviews and Testimonials
There are indications that Invideo.io uses paid or fabricated reviews to enhance its reputation online. This practice is common among fraudulent platforms seeking to attract unsuspecting traders.
Withdrawal Issues
Numerous user complaints highlight difficulties in withdrawing funds from the platform. Many users report that their withdrawal requests go unanswered or are delayed indefinitely.
Lack of Demo Account
The absence of a free demo account prevents potential users from testing the platform before committing real funds, which is often seen as a red flag in the trading industry.
Trading Platform and Conditions
Invideo.io primarily offers its own WebTrader platform, which lacks the reliability and features found in established platforms like MT4 or MT5. The high leverage offered (up to 1:500) poses significant risk factors for traders. Users have reported issues with spreads and commissions being higher than expected, further complicating their trading experience.
License and Regulatory Issues
Evidence suggests that Invideo.io is not licensed by any recognized regulatory body. Warnings from organizations like FCA indicate that this platform operates without oversight, making it risky for traders. Additionally, there are reports of false claims regarding affiliations with legitimate brokers.
User Feedback
Common complaints from users include withdrawal issues and poor functionality of the trading platform. Many have expressed frustration over unresponsive customer support when attempting to resolve these problems.
Deposit and Withdrawal Methods
While Invideo.io offers various deposit options such as credit cards and e-wallets, many users have reported significant challenges when trying to withdraw their funds. These issues raise serious concerns about the platform’s reliability.
Why Unregulated Brokers Are Risky
Dealing with unlicensed brokers like Invideo.io poses substantial risks including loss of funds, lack of legal protection, and increased chances of fraud. Traders should be cautious when engaging with such platforms.
How to Get Help if You Are Scammed
If you believe you have been scammed by Invideo.io, consider reaching out to services like Reportscammedfunds.com for chargeback assistance and legal support in recovering your funds.
Conclusion
In conclusion, we strongly advise against using Invideo.io due to its unregulated status and misleading practices. Traders should prioritize choosing properly regulated brokers for their safety. If you’ve already been scammed by this platform, seek legal help immediately or report your experience through appropriate channels.
