Investous Review – Jumping From One Suspension to Another

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Investous Review: this firm is one of the many trademarks used by the leading company – F1Markets Ltd. They propose investments in CFDs and forex. Although their selection is impressive, Investous keeps causing troubles to CySEC (the regulatory body that oversees their activity). Furthermore, CySEC is continually placing the broker on a temporary suspension. However, Investous doesn’t meet the conditions to remove their suspension, and that’s a warning fact to consider before using their services.

Suspended by CySEC and FCA (Investous Review)

Recently, CySEC partially suspended several forex and CFD brokers. That list includes F1 Markets Ltd, the company operating Investous. CySEC suspended it due to the use of falsified celebrity endorsements in the UK. The accusation is that the company has been using these tactics to expand its UK investor base illegitimately. CySEC has set the suspension in place until investors takes corrective measures to prevent this conduct from happening again. During the suspension, Investous is only allowed to do business with current clients and cannot seek out or advertise to new clients. However, It seems as if Investous keeps targeting new clients despite the constant suspension state.

The regulatory body of the UK, the FCA, has also cracked down on Investous and other firms. They have removed the passporting rights of those firms. Passporting rights are what allow firms under CySEC to trade within the jurisdiction of the FCA. Investous is no longer able to take on new clients within the UK. They also have to end their relationships with their current UK clients, after the clients have withdrawn any funds they have with the broker. If those clients had gone with an unregulated broker they wouldn’t have these FCA and CySEC protections.

Dealing with Investous

From this Investous review, we can establish the company has a decent selection of options when dealing forex, 46 pairs overall. This is considered quite a lot. Plus, Investous provides a wide variety of CFDs on various types of assets. CFDs are available on commodities, stocks from various markets, indices, and cryptocurrencies. They offer leverage of up to 1:30, consistent with leverage regulations. CFDs are not something to play with when you start investing. Only seasoned traders can handle them efficiently. Investous constantly targeting novice traders with fake celebrity endorsement promotions. That must be one of the reasons they got suspended in the first place.

Investous lets clients use the popular MetaTrader4 platform. They purpose a demo account available for potential clients to try before investing. They have many payment options, including more obscure payment processors like Skrill.

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