Canada Investtechfx forex broker

[miracle]

Anybody knows about Canada Investtechfx forex broker? (http://www.investtechfx.com/). They provide very low spread (1 pip). I have been demo-trading for two weeks and have very promising results. But their customer service (and their website) is very poor. But anyway, the spread is very attractive... Please comment

[grandaevus]

Hi miracle. I've been working with them for 5 months, and so far no problem including withdrawals. Their spreads are very low and more than this, spreads are fixed whatever the hour is.
As you said, their web site is poor but quality of their service is outstanding when you compare to the other brokers.
The firm is regulated and there's a bank (Globex Interbank) behind them. In fact Globex Interbank offers forex service under the name of Investtechfx.

[shohami]

Globex Inter Bank is an investment bank, not a "regular" commercial bank.
This means different regulation, etc. Not saying you shouldn't do business
with them (or should), just be careful.

[pepper]

Their website says this under scalping - terms and conditions:
Scalping fee of $10 per lot applies.

If you use them, does this mean an extra charge for scalping?

[grandaevus]

Their website says this under scalping - terms and conditions:
Scalping fee of $10 per lot applies.

If you use them, does this mean an extra charge for scalping?

Haven't paid any so far. :)

[pepper]

Thanks for the reply.

Just wondering ... are you live or demo? And if live, how long have you been running FAPTurbo with them?

[grandaevus]

I'm trading on a live account. I've been running fabturbo just for two days but results are incredible.

Since spreads are so low, fabturbo is performing very well.

[Champ]

I'm trading on a live account. I've been running fabturbo just for two days but results are incredible.

Because spreads are so low, fabturbo is performing very well.

Just downloaded the demo.. looks pretty good.. really low spreads.. GMT offset is 0.. Wondering what the minimum deposit is for these guys.. good thing is , i live 20 mins away from their office in downtown toronto ... gives me a feeling of security if i go with them... thanks for mentioning this guys!

[grandaevus]

Just downloaded the demo.. looks pretty good.. really low spreads.. GMT offset is 0.. Wondering what the minimum deposit is for these guys.. good thing is , i live 20 mins away from their office in downtown toronto ... gives me a feeling of security if i go with them... thanks for mentioning this guys!

Hi Champ , I hope, this email can give the answer of your question.

----------------------------

Dear Sir,

This is a welcome Email to inform you that your online registration has been complete.

Your Customer ID No. xxx-xxxx



User Name & Password for Real Trading Account issue after funds confirmation.



InvestTechFx Tech Support Department is available for your help.



Please choose from the following Trading Account Groups:



1. MINI (Micro) Account start $100 - From 2 PIPS



2. Standard Account start $1,000 - From 1 PIP



3. Silver Account start $5,000 - From 1 PIP + Bonus 5%



4. Gold Account start $10,000 - From 1 PIP + Bonus 10%



5. Islamic Swap Free Account available start $1,000 - From 1 PIP

(Islamic Silver & Gold Accounts are Available)



6. VIP Trading Accounts are available on request.



7. Scalping Trading Account start $1,000 - From 1 PIP.



All accounts term & conditions applies.


To fund your Real Trading Account please choose the following:



# Online Deposit - PayPal & Credit Cards.



Please Login & click on PayPal icon.



www.investtechfx.com



# Bank Wire Transfer - Please contact for details.



Successful trading,


Mike Thomas

New Accounts Department

InvestTechFx

+1-888-612-6962

[Champ]

Hi Champ , I hope, this email can give the answer of your question.

----------------------------

Dear Sir,

This is a welcome Email to inform you that your online registration has been complete.

Your Customer ID No. xxx-xxxx



User Name & Password for Real Trading Account issue after funds confirmation.



InvestTechFx Tech Support Department is available for your help.



Please choose from the following Trading Account Groups:



1. MINI (Micro) Account start $100 - From 2 PIPS



2. Standard Account start $1,000 - From 1 PIP



3. Silver Account start $5,000 - From 1 PIP + Bonus 5%



4. Gold Account start $10,000 - From 1 PIP + Bonus 10%



5. Islamic Swap Free Account available start $1,000 - From 1 PIP

(Islamic Silver & Gold Accounts are Available)



6. VIP Trading Accounts are available on request.



7. Scalping Trading Account start $1,000 - From 1 PIP.



All accounts term & conditions applies.


To fund your Real Trading Account please choose the following:



# Online Deposit - PayPal & Credit Cards.



Please Login & click on PayPal icon.



www.investtechfx.com



# Bank Wire Transfer - Please contact for details.



Successful trading,


Mike Thomas

New Accounts Department

InvestTechFx

+1-888-612-6962

Beautiful! Thanks grandaevus, definately helpful.. applied for an account.... only thing pisses me off now is that instead of running 2 live accts, i can just run 1 live acct per lisc. on FapTurbo.. i sent them an email as I would rather get 2 live accts per lisc than unlimited demos and live.. reason being, ive see difference in spread and order fulfilment time! Hence, to me, demo is pretty useless! I'd rather go live with small amounts and test

[pepper]

Thanks for all the info grandaevus :)

Did you open a scalping account (option 7) or did you go with one of the other options?

[shohami]

I don't think the FapTurbo scalper really does "scalping" as InvestTechFX might
consider it. For them, it's probably scalpers taking advantage of the 1 pip spread
to make many trades that take a few seconds. FapTurbo doesn't do that, and its
trades take a few minutes, sometimes more. I don't think that would be considered
"scalping" in a "bad" way for brokers. They have time to cover themselves on those trades.

[maxtrader]

Sorry but I can not find the page where they talk about fixed spreads, in investtechfx.com?

[grandaevus]

Thanks for all the info grandaevus :)

Did you open a scalping account (option 7) or did you go with one of the other options?

It's a standart account. Option 2.

[grandaevus]

Sorry but I can not find the page where they talk about fixed spreads, in investtechfx.com?


Their web site is very poor. May be one of the worst sites I've ever seen. You can't find many data for fundemantals like withdrawals, fixed spreads, etc.

Before funding, I made a lot of tel. conversation with them.

For withdrawals,
They can send it to either your credit card or paypal account.
Tested a couple of times, no problem so far.

For fixed spreads,
I watch the market during the night time.
Spreads aren't rised even for one second.

[shohami]

So you did manage to make withdrawals ? Good.

I found some articles in Israeli news websites reporting about a scam of two Israelis concerning
InvesttechFX and Globex Inter Bank. I can't understand from the articles if the scammers
created those two entities, or just claimed to be their representatives in Israel. Trying
to find more information. The fact that you were able to pull out funds is encouraging.

[grandaevus]

Here's my fapturbo results for two days trading.

Belongs to
from (wednesday-thursday) to (thursday-friday) nights

fixed lot: 0.10
leverage: 1:100

http://www.ozan.org/files/tradings.jpg

[grandaevus]

And spreads of Investtechfx for the pairs fabturbo are trading.

M1 Long Term - EURUSD - spread = 1

Short Term Scalping - M15 Timing

EURGBP - Spread=2
EURCHF - Spread=2
GBPCHF - Spread=4 (excluded from fapturbo since spread is greater than 3)
USDCAD - Spread=1

[shohami]

So you did manage to make withdrawals ? Good.

I found some articles in Israeli news websites reporting about a scam of two Israelis concerning
InvesttechFX and Globex Inter Bank. I can't understand from the articles if the scammers
created those two entities, or just claimed to be their representatives in Israel. Trying
to find more information. The fact that you were able to pull out funds is encouraging.

From what I understand, the scammers just claimed to be representatives of the two
entities, and took people's money.

Still, I'd be careful with those unregulated brokers, connected to unregulated investment banks.

[thesecret]

GBPCHF - Spread=4 (excluded from fapturbo since spread is greater than 3)

Rule of 3-4 pips is ONLY for EURGBP!

[grandaevus]

Rule of 3-4 pips is ONLY for EURGBP!

I know secret, but in my opinion any spread greater than 2-3 is a killer.

My trading strategy depends on trading on the right pair on the right time. And low spread & leverage is the key in forex market.

Losing an opportunity is always better than losing your capital.

[Glk23]

Grandaevus,

Since the markets are closed now so I don't see for myself, what GMT settings are you using for these guys?


Edit: Never mind. Just reread the first page of this thread and see that it is 0.

[thesecret]

I know secret, but in my opinion any spread greater than 2-3 is a killer.

I agree, 3 max. Investtechfx was my first choise 10 days ago, because of spreads but Iam little afraid regarding withdrawals, we all know that FAPT scalper is "money machine" so...what if they stop paying? Meh..u cant be sure with any broker these days :p

[grandaevus]

I asked the same question to Alan Green , from customer relationship, investtechfx.

He said, they are brokers not market makers. So whether you're trading with an inteligent ea or you're scalping, they're not interested at all.

They're a registered firm in Canada, but Shohami has called attention to a good point about their regulations.

I've sent an email and asked whether they're licensed and certificated by reliable groups, like ARIF and Swiss Federal Department of Financethey or not.

I withdrew money a couple of times, no problem so far.

[grandaevus]

I agree, 3 max. Investtechfx was my first choise 10 days ago, because of spreads but Iam little afraid regarding withdrawals, we all know that FAPT scalper is "money machine" so...what if they stop paying? Meh..u cant be sure with any broker these days :p

As far as I know, using EAs are not illegal. If your trader platform is MT4, then users are free to use any Ea that they want.

But when you start to make a good profit, I don't really know what they'll do.

I've decided to withdraw my profit every month and just left the capital there.

So it wouldn't attract attention.

I hope. :)

[mike360]

And spreads of Investtechfx for the pairs fabturbo are trading.

M1 Long Term - EURUSD - spread = 1

Short Term Scalping - M15 Timing

EURGBP - Spread=2
EURCHF - Spread=2
GBPCHF - Spread=4 (excluded from fapturbo since spread is greater than 3)
USDCAD - Spread=1

I haven't had a losing trade on GBPCHF and it has a spread of 7 to 9 on my broker. Live a little. Trade it.

[thesecret]

@grandaevus

Is account opening at investtechfx long/complicated, are they asking some documents etc. or such? Your experience...?

[grandaevus]

@grandaevus

Is account opening at investtechfx long/complicated, are they asking some documents etc. or such? Your experience...?

Standart procedure.

They ask the copy of your passport or id card and a copy of your latest credit card statement.

It takes one/two days to open an account.

[kitty]

investtechfx website has company address which is actually virtual office address. I wonders its reliability?

[maxtrader]

I have already sent them an e-mail asking for clarification about if they are regulated, lets see what they tell me, I will post here their answer.

[mike360]

I have already sent them an e-mail asking for clarification about if they are regulated, lets see what they tell me, I will post here their answer.

Cool.. I'd consider switching to them down the road if things sound decent..

[shulic]

Is anyone here an introducing broker for InvesttechFX, or know of an IB, that can offer a rebate for every trade I place through investtech?

Nowadays, I no longer sign up with any old broker without seeing if I can get a shared commission out of it.

Message me if you do.

[shohami]

Is anyone here an introducing broker for InvesttechFX, or know of an IB, that can offer a rebate for every trade I place through investtech?

Nowadays, I no longer sign up with any old broker without seeing if I can get a shared commission out of it.

Message me if you do.

A rebate off a 1 pip spread ?
I guess any IB working with them would have to raise the spread for
them to give any kind of rebate. So you'll pay double spread, then get
10% rebate, doesn't sound too good.

[grandaevus]

Is anyone here an introducing broker for InvesttechFX, or know of an IB, that can offer a rebate for every trade I place through investtech?

Nowadays, I no longer sign up with any old broker without seeing if I can get a shared commission out of it.

Message me if you do.

I've find some information at Globex.

Partnership with Globex InterBank®

Globex InterBank's core business is its direct client accounts however, client accounts derived from partnerships (clients introduced to Globex InterBank).

Globex InterBank currently maintains worldwide partners with different companies, including White Labels with major banks and market professionals around the world. There are various types of partnerships that can be formed with Globex InterBank depending on the activities of the potential partner but in all cases, Globex InterBank rebates 100% of commission back to the partner

Partnerships fall into 3 main categories:
• Asset managers
• Introducing brokers
• White labels

Globex InterBank can offer such corporations/individuals a diversity of added-value services from customer account administration and reporting to business development advice and market orientation supplied by experienced market professionals. Globex InterBank is happy to pay out commission rebates and revenue share on a quarterly or even monthly basis depending on our partners' wishes.

Asset Managers- Globex InterBank®

Asset managers are usually corporations or professional traders responsible for trading a certain number of client accounts. Quite often their scope of activities will lie in multiple asset classes and not solely foreign exchange. Most asset managers adopt a non-discretionary methodology, this means that they will inform their customers of their trading decisions and gain their approval before entering the market.

Globex InterBank offers a special platform for asset managers enabling them to effectuate block trades for as many customers as necessary with the same purely one-click, no slippage execution methodology as featured in the individual customer platform. The allocate version of our platform enables managers to do the following:

• Pre-define trading groups by transaction size with optional last second input.
• Effectuate block trades for up to a limitless amount of customers with purely one-click, no slippage execution methodology.
• Survey total open positions, Profit &Loss, margin exposure etc. of all accounts all updated and marked to market second by second.
• Block limits orders.
• Print out statements and equity runs for each client.

Globex InterBank is capable of very attractive revenue sharing programmers and payouts are made on a totally flexible basis.

Introducing Broker- Globex InterBank®

Introducing brokers focus on finding customers and introducing them to dealers like Globex InterBank. Introducing Brokers can be individuals (like investment advisers) or companies that prefer to concentrate mainly on the sales and marketing aspect of financial business and prefer to leave actual market trading to the customer's discretion or a third party. Some IBs offer added value services like market advisory/analysis services that assist their customers with their trading decisions. In the last years many introducing brokers have gone live on the internet enabling them to attain a wider client base.

Globex InterBank is capable of very attractive revenue sharing programs and payouts are made on a totally flexible basis.

White Label Partnership- Globex InterBank

White Label partnership with Globex InterBank enables banks and brokers to satisfy their customers' demand for online trading tools. Our trading solutions enable you to harness and develop already existing customer trading relationships and extract greater returns from them whilst streamlining internal trading operations and rendering them as efficient as possible

Add a new revenue building, cost reducing and exciting financial product to your bank's name and provide as many or as few customers with cutting-edge, easy to use trading technology. Monitor and control all volumes, flows and trading operations easily and efficiently. The White Label solution is 100% seamless and can be connected with any existing core banking system.

A White label with Globex InterBank is totally free of charge. Globex InterBank's revenue is volume based and allows for an extremely profitable revenue sharing model for the white label partner. No API integration means 100% of the risks are taken by Globex InterBank and not the white label permitting an extraordinary, no cost, no risk, profit scenario for banks and brokers choosing Globex InterBank's White Label solution.

Globex InterBank 's online platforms are only the tip of the iceberg. Our White Label product is meant for serious brokers and banks that look realistically at monitoring and controlling all trading operations. The White Label offer includes separate monitoring platforms for dealers, back-office personnel and even sales people, with varied functionalities ranging from real-time monitoring of account balances, open positions and risk margins to single/multiple order placement, new account creation, credit/debit of balances and all types of back-office operations.

Globex InterBank 's White Label product is extremely flexible and can be customised to your needs. Back-office personnel can use the white label's monitoring software to create new accounts with different spreads, margins and account currencies providing banks and brokers with a service which can be commercialized in an efficient manner. Back-office operations can either be relayed to Globex InterBank or dealt with directly by the white label partner and subsequently confirmed by Globex InterBank 's back-office.

End customers of partner banks and brokers remain anonymous to Globex InterBank.

[clolab]

just opena a demo account and saw the "demoforex" offers 1:100 and not 1:500
Anyway spreads are greate.

[grandaevus]

just opena a demo account and saw the "demoforex" offers 1:100 and not 1:500
Anyway spreads are greate.

Standart leverage for the live account is 1:200

But they can change it to a leverage from 1:1 to 1:500 as per your request.

I changed it to 1:100. Always better to play in safe side.

[clolab]

btw: if somone have experience (good or bad), you can put a review here:
http://www.forexpeacearmy.com/public/review/www.investtechfx.com

[maxtrader]

They have sent me an approval email and the instructions about funding my account, but they have not answer my question about regulation:confused:

[clolab]

hmmm... i think you should ask again befor apply or send funds.

just my 2cents

[joe2197]

Read the testimonials on the investtechfx site - in every case you will observe : the same style of writing, same grammatical errors, same slightly stilted command of language.
Ergo - all written by the same person.
They can't even afford two ghost writers to lend credence to the idea that this is a respectable/reliable broker.
When I read about their 1 or 2 pip spreads, my first thought was "Too good to be true ..." and that's usually the case.
I've spent entire days researching brokers - looking for a company that provides decent spreads and does not stand accused of the usual dirty tricks associated with forex broking.
I'm still looking, but am losing hope that such a mythical beast exists.
Dealing desk brokers have a strong incentive to 'tilt the machine' when traders show consistent profits.
ECN brokers employ obscene spreads during the 'scalping window'.
Has anyone with a live a/c at InvestTechFX withdrawn more than their original deposit?

[maxtrader]

Read the testimonials on the investtechfx site - in every case you will observe : the same style of writing, same grammatical errors, same slightly stilted command of language.
Ergo - all written by the same person.
They can't even afford two ghost writers to lend credence to the idea that this is a respectable/reliable broker.
When I read about their 1 or 2 pip spreads, my first thought was "Too good to be true ..." and that's usually the case.
I've spent entire days researching brokers - looking for a company that provides decent spreads and does not stand accused of the usual dirty tricks associated with forex broking.
I'm still looking, but am losing hope that such a mythical beast exists.
Dealing desk brokers have a strong incentive to 'tilt the machine' when traders show consistent profits.
ECN brokers employ obscene spreads during the 'scalping window'.
Has anyone with a live a/c at InvestTechFX withdrawn more than their original deposit?

I will tray an ecn Brokers demo (ATC) tomorrow, they told me that their spreads on the demo are exactly the same as a live account so I will find out tomorrow

[joe2197]

Thanks Maxtrader - an ECN with NDD and MT4 and reasonable spreads is the optimum - provided they are regulated by NFA/FSA etc.
It seems obvious to me - that if some brokers are able to offer narrow spreads - then they all can ... unless narrow spread equates to dealer intervention/cheating.
I would like to think that there is at least one regulated ECN/NDD/MT4 broker (with reasonable spreads) who has no interest in the outcome of any trades.
Let me know how the ATC demo goes.
Cheers
Joe

[maxtrader]

Thanks Maxtrader - an ECN with NDD and MT4 and reasonable spreads is the optimum - provided they are regulated by NFA/FSA etc.
It seems obvious to me - that if some brokers are able to offer narrow spreads - then they all can ... unless narrow spread equates to dealer intervention/cheating.
I would like to think that there is at least one regulated ECN/NDD/MT4 broker (with reasonable spreads) who has no interest in the outcome of any trades.
Let me know how the ATC demo goes.
Cheers
Joe


I am watching right now the spreads with atc, but are large at this point, they change a lot from 2 to 10 pips in eurgpb, i do not know how this wil affect fapturbo scalping, tomorrow I will find out and let you know

[grandaevus]

I asked the same question to Alan Green , from customer relationship, investtechfx.

He said, they are brokers not market makers. So whether you're trading with an inteligent ea or you're scalping, they're not interested at all.

They're a registered firm in Canada, but Shohami has called attention to a good point about their regulations.

I've sent an email and asked whether they're licensed and certificated by reliable groups, like ARIF and Swiss Federal Department of Financethey or not.

I withdrew money a couple of times, no problem so far.

Their reply

Dear Sir,

Thank you for your contact.

InvestTechFx is Federal Canadian corporation.

All funds are fully secure.

Please logon to our website:

http://www.investtechfx.com/company-news.asp


We hope that this is the information you are looking for.


Thank you,

Mike Thomas
Accounts Department
PH: +1-416-619-5914
Fax: +1-416-981-7709
Email: tech@investtechfx.com
Web: www.investtechfx.com

[grandaevus]

What I've understood from the mail is, although we're not a regulated company, there's nothing to worry about. Your funds are safe with us.

Diversification is always good. I've opened an other live account @ fxpro.

Time will show everything

[maxtrader]

Their reply


I think they are avoiding the questions about regulations, they answered me almost the same as you, and still I can not find the number of registration to the regulatory authorities as many Brokers show you, I will be very caution about this Broker:



tech@investtechfx.com <tech@investtechfx.com> Mon, Dec 15, 2008 at 1:15 PM
To: xxxxxx@gmail.com

Dear Sir,

Thank you for your contact.
Please logon to our website:

http://www.investtechfx.com/company-news.asp

We hope that this is the information you are looking for.

Thank you,

Mike Thomas

Accounts Department

PH: +1-416-619-5914

Fax: +1-416-981-7709

Email: tech@investtechfx.com

Web: www.investtechfx.com

[clolab]

Any news about this company?
Can i go with this company or will all my $$ going to the toilet when i ask widthdrawal?
I tested the demo and works very well ($5.000 Up to $5.730 in 1 day)
Perhaps due the low spreads.

Thanks for updates.

BTW: do they accept credit cards to fund and widthdraw?

[maxtrader]

Any news about this company?
Can i go with this company or will all my $$ going to the toilet when i ask widthdrawal?
I tested the demo and works very well ($5.000 Up to $5.730 in 1 day)
Perhaps due the low spreads.

Thanks for updates.

BTW: do they accept credit cards to fund and widthdraw?

They have not provide me anything that says that they are regulated, they only show you or tell you that they are register in Canada, so I would be careful about them, but It is your desition of course.
Regards

[Alpe]

I will be very caution on this broker.. they could say anything they like now to convince you.. what could you do if they run away with the fund? That's why regulator is vital consideration when opening an account..

[clolab]

i see...
I usually have good results when spreads are low. So it would be very attractive going with them
However i also have good results with an ECN MT4 broker here:
http://www.tgmfx.com/

However they are on the bahamas... But it doesnt mean they are bad...


bye

[maxtrader]

i see...
I usually have good results when spreads are low. So it would be very attractive going with them
However i also have good results with an ECN MT4 broker here:
http://www.tgmfx.com/

However they are on the bahamas... But it doesnt mean they are bad...


bye

Not if they are regulated, I prefer a regulated broker in Bahamas that an unregulated Broker in England, Canada, or the USA

[clolab]

ok. How to know if they are regulated or not??

[maxtrader]

ok. How to know if they are regulated or not??

Regulated Brokers show you all that info in their web page, look for it in their web page.

[clolab]

any news? How is it going with widtdraws? are they ok?



Thanks

[OmegaFire]

Please don't put your money in ITFX. It is now officially bankrupt and has been confirmed SCAM!. See other threads on this forum for more details. Also visit FPA for reviews by victims

[OmegaFire]

Not if they are regulated, I prefer a regulated broker in Bahamas that an unregulated Broker in England, Canada, or the USA
I want to open live account with tgmfx. please what has been your experiences?

[maxtrader]

I want to open live account with tgmfx. please what has been your experiences?

They are regulated, they are ecn, but I do not have an account with them, I only have a demo account but I am considering to open an account with them because they are an ecn broker.
Regards

[clolab]

there are regulated on Bahamas. The minimum to open an account is $5000
the minimum lot is 1.0 (as they are ECN)
They are good if you can afford.

[irene22]

i had a live account with them but don't know why they just close my account because i was using fap on it.just be careful still had 47USD on my account but they don't allow me to trade now.

[alan]

wait a second, they closed your account without your consent? As for not letting you trade now it could be that you have insuficient margin to open positions..this is the most likely scenario.

[maxtrader]

i had a live account with them but don't know why they just close my account because i was using fap on it.just be careful still had 47USD on my account but they don't allow me to trade now.

Are you talking about tgmfx or Investtchfx which we already know It is a scamm?

[clolab]

Are you talking about tgmfx or Investtchfx which we already know It is a scamm?

suppose he is talking about "Investtchfx"

[alan]

Check this thread out:

http://forums.babypips.com/rate-my-broker/18550-investtechfx-scam-alert.html

By the looks of that Investtechfx is not even a real Canadian forex broker but merely a "front" for some Los Angeles run operation.

[OmegaFire]

suppose he is talking about "Investtchfx"
Hi clolab, I suppose it will be wise to allow Iren22 to answer for him/her self.

Iren22 Are you talking about tgmfx or ITFX?

[unhappy]

if you ever want to see your money again you may not want to invest with them.
i made too much money trading with them and they will not allow me to withdraw some of the profits.
it is like going to the bank and being told you have too much
money in the account, so you can not take any out.
beware!
of all the brokers that i have used - for forex
or for stock trading investtechfx is the worst

[Stelen]

I have sent them a withdraw notice for $ 500 usd to my paypal account ( from which I have made the deposit), they wrote back that my request is in process. Few days later still no money I wrote them again, then they said that I have made some standard trades on my mini account and refused to send me the 500 USD. On Dec 1st 2009 I had 2 open positions of trading, that day they closed both positions without any explanations with a loss of -290.00 (in my account at that point had free margin over 2200 USD). I wrote to them that I want to close my account immediately and withdraw all the funds. They wrote me back that they offer me $ 500 USD and close my account. I said NO, they offered 800 USD, I said NO and I wanted me to see all my trades in details describing my ''supposed illegal trades'' then the offer was 1000 usd. I said NO, I was still demanding explanation how they get to 1000 USD from 2200 USD. Never got a answer or explanation, I wrote to BBB in Canada, but nothing happened yet. So I just want to get my funds and close the account simply. In your opinion this legal and they have all the rights to offer me only a fraction of the funds? (even sending me detailed explanations how they get to 1000 USD from 2200 USD?)
Any suggestion/opnion is welcomed since I'm new to forex trading, also I can forward all email commnunications between me and InvesttechFX if anyone interested.
Almost all communications stopped from them, and so far I have not received any of my money yet.
Is this legal? or can I do anything about it? As far I'm considering they are a scam broker and just want to warn other potential and current investors.
Stay away from InvesttechFX, they are a scam broker, I have a prof to show.

Thank you Lenka

[Stelen]

Hello all,

I have received all my funds from InvesttechFX today, my account is closed.
Thank you all for the comments.

[Stelen]

Hello all,

I have received all my funds from InvesttechFX today, my account is closed.
Thanks to FPA and all of your comments.