86 reviews of InvestTechFX are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
InvestTechFX is not a true “Straight Thru Processor” (STP) broker.
Please notice the following excerpts from emails from InvestTechFX while trying to gain access to my earnings that they continue to refuse to allow me to withdrawal:
InvestTechFX is a No-Dealing Desk (NDD) and a Straight-Through Processor (STP) Forex Trading software company. Due to the fact that we are a NDD we do not actively monitor customers’ accounts regularly. In every case involving withdrawals, it is mandatory that all accounts be reviewed by all parties, including our liquidity provider.
Attached to this email you will find sever journal logs from your account activities which were provided by the clearing department liquidity provider. We are sending these images as illustrations for your specific case.
The images we sent you are from the Liquidity Provider which handles all the coverage.
Your account was thoroughly reviewed and we determined that you conducted HFT activities by using unauthorized EAs, which interrupted the signal to the Liquidity Provider. As a result of these activities, we suffered some losses.
The first extract is interesting in that they tell us that they are a STP software company, but not a broker. It also says that the your withdrawal will be reviewed by their “liquidity provider”. This means that your account details and trading activity is intimately known by the liquidity provider.
The second and third email extracts referred to a screen shot of server transactions that, according to the email extract, is from the liquidity provider and not InvestTechFX. The screen shot was a MT4 Trader Administration screen that had my InvestTechFX account number, IP address, and trade information. Again, this information came from the liquidity provider and not InvestTechFX. In fact they say the liquidity provider is handling the transactions and they themselves do not have access to the server.
The fourth email extract states that the liquity provider “suffered some losses” as a result of the trading. S
1) There is no separation of account information between InvestTechFX and their liquidity provider.
2) The liquidity provider is actually in control of when/if trades are “unauthorized” and you can get any withdrawals.
3) The sustained losses as a result of customers making money.
Sounds like the “liquidity provider” is a money maker and InvestTechFX is nothing more than a front.
I have traded with them for 5 months and the most important is when it comes to withdrawals from them with my experience is if you want use EA, you need change your account group to EA, first so that you can trade safely and will be able to withdraw your money. In this account group you will be charge an EA fee of $10 per lot, just like 1pip, it's not very bad because they provide smallest spread. Might be a little delay for each open trade but this is tolerable and normal. I had traded with several brokers and they seem to be good so far.
InvestTechFX is definitely a SCAM!!!
If you withdraw the small balance of your initial deposit, they will immediately pay. And if you withdraw the large balance of deposit more than 1000USD, they will firstly send an email to ask you "Why do you want to withdraw this time?", then might eventually pay you the money. However, once you withdraw the profit, you'll definitely meet the following two cases:
1.They inform you are using 2 IPs to login and they have to review your account.
2.They inform you are a VIP account. According the rules of VIP agreement, you must trade for one year and in this year, you can not withdraw any money.
They use this method to cheat. They actually didn't put your money into the bank for real transaction. They are a liar of Market Maker!
They now even forbid the public postings. Why? There is no reason that the client's right is unconditonally deprived by them. The only reason is that they want to hide the truth. But they nerver can!!!
The truth is: None of my three friends and I can withdraw money from them. We are forced to be traded for one year and at that time we even didn't take all of our capital back. But one friend has only 4000USD in his account, which didn't reach the 20000USD amount of VIP account. Another friend has 21000USD on his account, but he didn't receive any bonus for VIP account and his account was immediately blocked when he requested to withdraw. All these happened when we requested to withdraw. If you never withdraw, you will be "safe" to trade forever until lose all of your money.
You never can withdraw any profit from ITFX!!! Anybody here who can make the money and have withdrawn the profit, please stand out and let us see the evidence.
I strongly suspect ITFX will exit half an year later!!! They will take all of our money and run away.
DON'T BELEIVE ANY EMAILS OF THEIR CUSTOMER SUPPORT AND CALLS FROM THE MANAGER! THEY ARE LOOKING FOR ALL KINDS OF EXCUSE NOT TO LET YOU WITHDRAW!
I started with this company almost year ago and not have problems with them. They are friendly and they do my transactions good and quick. They are good company.
Here is a update for the last reviews.
I and my friend decided that we will keep the accounts for 12 months since we have opened up the accounts. Have decided after discuss with my attorney in Toronto, CA.
DON'T GIVE THIS COMPANY YOUR MONEY! This company is a scam. After making money with this company using simple EA's that I use with other brokers, I have been told by them that I am using fraudulent trading methods. Others are being told the same. Withdrawals are not happening. If you give them your money, you will be lucky to get it back, and you will not get any profits no matter how you make them. You want more information, search for this broker on Forex Peace Army and see the situation for yourself.
Hello FX traders,
I and my friends have big problems to withdraw our fund from ITFX again.
we opened up accouts after I ask them that:
Can we scalping with EA? Yes, but we charge $10.00 per lot for commission. I said OK. They put our accounts in scalping/EA group.
so I and my friends opened up accounts. I read a lots of complaint in a lots of fourms for withdraw the fund from ITFX. so I have requested withdraw $100.00 from my accounts that was balance around $1,200.00. they sent me $100.00 to my paypal account within 2 days.
It was good and I have trusted them.
My friend opened up account with $10,000.00 and it grew up to $13,000.00. He requested to withdraw $2,000.00 to his paypal. They processed it after 8 days to call and send email 2 or 3 times. then we opened up more accounts since.
******Problem start from here, My friend requested to withdraw $18,000.00 on Dec 7, 2010 and another friend requested withdraw $5,000.00 from his account******* Still they did not process it, WHY???????
I have recommended ITFX to my friend. So I called a lots of times and my friend sent a lots of email. they send email saying that " we will varify the status" Why verify the status, we want to withdraw our money from our accounts.
I asked them that Please take out/deduct the bonus from our accounts, and I do not want to be VIP customer,we want to freedom with our money, I do not want to any string attached because of the bonus. we want to withdraw any amount and any time just like
This kind of problems is first time for me for 10 years fx trading
*******Why it's happen if it's not scam and fraud******
Any one can answer to me that:
1, Where is our funds? ------ we have wired to TD Canadian Trust, do they keep the fund in that bank? I doubt it
2, Who is interbank of the investtechfx? ------- do they process our trade excutions to interbank through clearing house? I doubt it
If they do have our fund in TD Canadian Trust, and process our trading excution through interbank. There is no reason to say " review your status" over and over.
*********Now they blocked my accounts to trade, WHY????*********
I have hired One attorney in Torinto who represent me. Alan Zer say that you ask to your attorney. Why i have to ask to my attorney for withdrawing my money from my accounts????????????????
FPA, How would you think about this case? It's not SCAM and Fraud???
I will update on coming week if something happen. I write the story with nothing but truth.
Thanks for reading to the end.
FX Traders, UPDATE LAST REVIEW
ABOUT INVESTTECHFX IN TORONTO, ON, CANADA
I have received $4,000.00 as I agreed with the management guys in ITFX that I will not request to withdraw anymore until March 31, 2011.
*****My friend, Yoon Choi received $4,000.00 from investtechfx to his paypal account within 4 days after his request*****
*****It is the BEST WITHDRAWAL SERVICE he have ever had so far*****
I wish they do the same withdraw service as Yoon Choi's account.
this is not a good broker, im traying to withdraw only $500 since 4 week ago and nothing happend, only mails and mails... be careful
Investtechfx is SCAM.
Me and some friends try to withdraw money from our accounts since 3 weeks. Investtechfx is telling us every day something different, why they don't send the money.
They've offered us to give us back our initial deposit or we have to stay with them for 12 more months without withdrawing any money.
That is pure scam.
And we are not the only one with this problem. More and more people are complaining that Investtechfx is not giving them their profits.
I guess, they don't even process the trades, they hope that you loose your initial deposit. Their clearing bank "GIB Interbank" in London doesn't exist, I did some research on the internet.
1. GIB has no phone number in the yellow pages
2. GIB is not registered as a company in the UK
3. Their domain is hosted anonymously
4. I called a broker in London and asked him about "GIB Interbank". He couldn't find any information about them in London
Hey, Phil S.
Did you try to withdraw the fund from your account in INVESTTECHFX?
We are talking about withdrawal the fund from your account. Small amount is OK even taking 7 or 10 days with numerous phone call and email to beg to process it.
Ask to withdraw $10,000.00 from your account!!!!!
I do not know they will send you money or not. I am still waiting to hit my paypal account.
I will update what's going on. they are really SCAM and FRAUD or not
Phil S. from Germany
Fri, January 29, 2010
Testimonial - Continue your great service to aspiring forex traders because they need quality systems like yours not matched by any other forex sites. I'm a regular trader in the forex market myself and I know that it is only through your site that I was able to achieve success by earning sufficient profits or sometimes even huge profits when I am very lucky.
You web-based platform which is available for download help me attain my goals in currency trading. The information on your site notably the frequently asked questions section as well as your technical support are very valuable to me. I never thought that I could avail of a professional technical support round the clock but your site proved that indeed, any trader could seek help from you 24 hours a day when problems arise. This aspect alone already boosted my confidence in forex trading aside from the high security level you provide for traders and dealers.
Phil S., Germany
I opened an account at InvestTech on November 2009 with 4000 euros. On September 2010, this account had reached more than 21000.
But on October 2010, the access to this account was suddenly blocked. No more trading possible. 3 emails and 2 weeks later, the account was still blocked. Thus I asked to withdraw my funds on 14 oct 2010. I only received a message \" your account is currently under a routine review to ensure that everything is in order \". But not a word about my withdrawal demand and my funds. So, 2 months + after my request, no serious answer, no money. And I can read on the web a lot of comments, opinions, advices, saying that Investtech is about to be sold, or in bankruptcy, or even worse. Then I try to contribute to this information, if it is not too late, by making known my own experience too.
Hello fx trader,
***WATCH OUT INVESTTECHFX***WITHDRAWAL HEADACHE, SICK AND TIRED***
IF YOU HAVE REFUNDED YOUR MONEY YOU ARE SO LUCKY***
I have opened up an account on March, 2010 and good profits. Now the equity is a little over $30,000.00.
I have requested withdraw $8,500.00 from my accunt on Dec 7, 2010 and my clients requested $5,000.00 withdraw. and I have waited 3 business day, they did not process it. on 14th of Dec, 2010 Alan who is director of ITFX called me and said that I can not withdraw $8,500.00 this time, He said that You can withdraw $4,000.00 and My client can withdraw $4,000.00 this time. I said Why I can not withdraw $8,500.00 from my account. It is my money and I want to control my money, not by you or your firm.
He said that because you are my VIP customer, I said no no, I do not want to be your VIP customer. Please take out my account from your VIP list.
then He said if you have more than $20,000.00 balance it will become VIP automatically. I can not understand.
his clerk Ms. Shital called me and said that if you send me letter say that if I do not request withdraw until March 31, 2011. We will process $4,000.00 withdrawal now. Afer Mar 31, 2011 then you can withdraw profit and loss any time
I told them so many times that Please take out the BONUS you gave me to my account and my clients account. I want to be free with my accouts from any string attatched to my accouts
So I need money for Holiday season so I sent email on Dec,16.2010 saying that I will not ask to withdraw any money until mar.31, 2011 to them. It\'s my money but they have the KEY now
****Now I and My clients are waiting the $4,000.00 hit our Paypal account****
I called them this morning for withdrawal they say it is Friday now we will review it and process it next week.
What kind business is it? Who control the fund? I think If ITFX is in US the government shut down the operstion right away.
I also asked to Rachelle that Where is my fund now? I wired the fund to TD Canadian Trust. she said that she is the manager of the ITFX. She doesn\'t answer.
I will update what\'s Happening next week.
I have been trading with this broker for 12 months now.
I have been using my own EA system that I have created very successfully, without any troubles, thanks to the very low spreads that they offer.
When I was ready to withdraw my money, they arranged an agreement for periodic withdrawals. Since then, I have not experienced any trouble.
I have no problem with this broker and am happy with the service.
Hello MARC SPITZ
I think may be you got some problem on trading with ITFX, please don't post negative review without reason.
Can you share your opinion about "Company For Sell", please provide us more convictive information.