High Leverage Alert: Beware of the Unlicensed Forex Broker InvestXo

The forex market carries substantial risks. BrokersView has witnessed a sharp rise in forex trading scams in recent years. As a forex trader, you must avoid dealing with a fraudulent forex broker. Here we found InvestXo is a scam, cheating traders with various misleading trading information.

A newly created website

InvestXo says it is operating in the Forex markets since 2010 and provides its traders with modern trading tools and the best trading conditions. But its domain name was actually created on 23 August 2021, nearly a year ago. So how it offers services before its establishment? There is part of this dangerous category of fraudulent financial company.

Lack of licenses and regulation

InvestXo shows on its page that it provides customers with forex, cryptocurrency, shares and other assets. However, it lists no any regulatory certifications or governmental registrations on its website. As a trader, you definitely know the basic point: all good brokers are not only registered but will provide their credentials and help you verify they are registered and regulated. That is to say, InvestXo is under no supervision.

An anonymous broker

InvestXo is an anonymous broker, providing no information about the company that controls it. The only information is a contact email. Except its email information, the firm's contact information, including phone and address, is currently not available.

High leverage

InvestXo offers leverage up to 1:1000 on some accounts, but actually it will not up to 1:100 on forex majors if a broker is legitimate. On the one hand, this means that the broker is making false claims. On the other hand, it also means you are dealing with a unreliable broker– trading with high leverage could lead to much bigger losses since it enables you to make bigger offers.

Based on the above information, we can conclude that InvestXo is a scam.