Scam artists, they tell you no re-quotes at all, I get 7 to 8 re-quotes on every trade when Im positive, they re-quote you until your trade is negative then they will close it once your trade is negative.

Hi all traders out there,

I would like to refute what InvesttectFX claims in their reply. They claimed in some forex review web-sites that I was a former associate that is out to smear their name.

I would like to state that I AM NOT a former employee or associate of theirs, but was a former client of theirs. InvesttechFX claims alot of things which are all untrue. They are out to cheat people who are unaware or never do enough checks on their claims.

To substantiate my claims of what I said in my earlier post and to prove InvesttechFX is a cheater, pls click on the folllowing link to the web-site of Canadian Deposit Insurance Corporation (CDIC).

http://www.cdic.ca/e/insuredWhere/insuredWhere.html

http://www.cdic.ca/e/insuredWhere/members.html

You will see for yourself that CDIC only insures funds held by CDIC members and only in Canadian Dollars. InvesttechFX is NOT a member! Thus all your funds are not insured!

InvesttechFX works closely with a certain Globex Interbank (kinda dodgy internet bank based out of UK). Your fund are first asked to be remitted into TD Canada Trust but is subsequently moved out to this so-called Globex Interbank without your knowledge! This is criminal as InvesttechFX moved clients fund out without their knowledge.

There are alot more claims by them which are all not true or tied with conditions in which they did not say it upfront.

As for the numerous postings here and on other forex review web-sites on the difficulty of withdrawal of funds from InvesttechFX – Its all true! You will not get your money back. They will try ways and means to withhold your hard earned money and if you insist of getting it back, they will ask you to settle for 50% (or lesser).

Again, I cannot say more about this dishonest broker which are just lurking about waiting to pry on traders which are unaware of their modus operandi.

Lastly, I would just like to add that the Canadian Banking Authorities is a big joke for claiming to be first world, but allowing a company like InvesttechFX to be operating in their backyard.

1) ITFX on request is NOT sending money back.

2) ITFX on request does NOT close your account.

3) ITFX does NOT answer ANY e-mails anymore

Be very careful.

I confirm this post. My money got stuck with them. They are cheats. Please don't open any accounts with them.

1) ITFX on request is NOT sending money back.

2) ITFX on request does NOT close your account.

3) ITFX does NOT answer ANY e-mails anymore

thereafter.

Be very careful.

For a Demo account ITFX is using a spread of 1 (one) pip.

For a Real account ITFX is using a spread of 21 (twentyone) pips.

Very Strange.

I just bring to mind that:

When put/modify a order,

its fast in the demo account(1~2 seconds),

and its very slow in real account(5~10 seconds).

So strange.

Fast deposit via PayPal(within 1 day)

Fast withdraw via PayPal(within 1 day)

But very slow when put/modify a order.(about 5~10 seconds)

Maybe the connection from Taiwan to their server is not good.

So i withdraw my money back in a week.

InvestTechFX = FRAUD

Great service while receiving your money.

0 communication about sending money back.

Even if you will visit the office

with written request to return your money+profit back to your canadian account

you will:

- find NO ONE from InvestTechFX (twice in my case);

- at front desk (as shown on website) meet a person who simultaneously is a "secretary" for many "companies" based in one unit 1801

This "secretary" will NEVER

- let you even speak to any representative

- take any letter from you

Finaly I had to send my request with a registered mail.

but it's not a fraud - FRAUD IS

1. No one transaction on commission free account was without commission.

2. InvesttechFX state to be a mamber of a "Forex Dealing Association" (just try to find it) vs Investment Dealers Association

and comply with www.osc.gov.on.ca

3. 48 hours for withdraw = joke.

I got my money back and it was ONLY 1000+150 USD. I wish you the same even without any police assistance (devision 51 at 51 Parliament St.).

This is the worst broker period. Firstly they have a 10 second delay, no kidding never less than 10 seconds,and then unless the market is perfectly still you get re quote after re quote,I dare anyone who trades live with them to call me a liar, there 1 pip fixed is useless given above truths.

Hi everybody,

Does anyone have experience with withdrawing money or closing account with them?

There are a lot of bad comments on Forex peace army about that.

Thanks.

My experience with InvesttechFx had been so far very good. I registered an account with them, but I faced some problems and they helped me by all possible ways at the earliest they could. Also, at some of my trade problems, they also credited my account back.

Also, the people who doubt their registration or regulation, I can make them sure that I have verified their registration with Corporation Canada and they are a registered Federal Corporation.

Please check this link:

http://strategis.ic.gc.ca/cgi-bin/sc_mrksv/corpdir/dataOnline/corpns_re?company_select=6804071

You can get the detailed information about this company. Their registered numbers are:

Corporation #6804071 BN #855373551RC0001

Mailing Address: [Latest address on file]

Care of:

Street: 4915 BATHURST STREET, UNIT #209

City: TORONTO

Province: Ontario

Postal Code: M2R1X9

Country: Canada

Registered Office Address: [Latest address on file]

Care of:

Street: 4915 BATHURST STREET, UNIT #209

City: TORONTO

Province: Ontario

Postal Code: M2R1X9

Country: Canada

Country: Canada

Reg. Off. Eff: 2007/07/09

Status Date

Active 2007/07/09

Director(s) name(s):

ALAN ZER

RONY SPEKTOR

I hope this is enough information for some one to get information about this company. If any one has any complain with this company, they can try to speak with the customer care and I hope they will be able to attend your needs.

Best Regards,

Anurag

InvestTechFX would like to take this opportunity to provide our loyal customers with an update. Upon investigation we have determined that the recent posting regarding InvestTechFX was placed by a former associate and done so with the sole intent of embarrassing and discrediting our firm. The allegations contained in the posting are completely false, misleading and were placed with the hopes of scaring current and deterring future customers. We are continuing with this issue with the relevant authorities, as it is a serious matter and will be handled with the sensitivity and professionalism we always employ under these circumstances. However, we wanted to take this opportunity to update and reassure our several thousand worldwide loyal customers and potential new clients that InvestTechFX continues with its commitment to the highest level of customer care, support and service. We highlight that we are a Non-Dealing-Desk (NDD) and Straight through Processor (STP) working with the full cooperation of the Clearing Department to ensure that all funds are routed to cover the customerв?™s trading and account transactions. InvestTechFX continue to be the only company providing 1 pip fixed on all majors. Sincerely, InvestTechFX

InvestTechFX has seen the recent posting and is currently investigating its allegations. We take all postings seriously, credible or otherwise. Upon completion of our investigation we will post an official response. Sincerely, InvestTechFX

Those that have posted "good" reviews are either working for them (i.e. they get their own people to write good reviews for them) or they have not tried to withdraw their money (or withdraw only small amounts that would not bother them). Their platform is normal MT4 platform available with many FX online brokers. Their service sucks when it comes to trying to withdraw funds. Don't get caught by this unethical "broker"! Even if you do get your funds back, it would either have taken you a long time with many a sleepless nights or you may have been offered a smaller amount which many have accepted just to recoup some money back and get over the bad experience. As for complaining to the authorities, don't bother, they are not registered nor regulated, who you going to complain to? And unless you really can prove to their law enforcement authority, which in this case would be the Canadian Mounted Police, that they have "scammed" you and not complied with the law, you really have very little to go on. And anyway, I'm not even sure they have a real physical office! I got a friend living in Toronto to check out their office and it's a company management office i.e. a "virtual" office. Do not put your money with this broker if you treasure it. You've been warned.

I would like to bring to the attention of the trading community of how InvesttechFX is a scam company that is out to cheat people’s money. I strongly advise traders who have money with them to withdraw it immediately or those who intend to open with them, not to do so.

For the benefit of the trading community, I strongly urge the moderator not to remove this post (even if InvesttechFX force you to do so).

1. InvesttechFx moves clients fund without seeking clients approval

Clients’ funds are deposited into TD Canada Trust as instructed by InvesttechFX but they moved these funds out, without clients’ knowledge or approval, to the clearing department of a third party trading outfit.

2. InvesttechFX is NOT a member of CDIC and clients funds are not insured

InvesttechFX claims on their web-site that they insure clients’ funds up to USD100k. Legal background check has shown that they are NOT a member of Canadian Deposit Insurance Corporation (CDIC), in which they claimed they are. Further check with CDIC web-site also reveals that CDIC only insures Canadian dollar deposits and not deposits in any other currencies!

InvesttechFX is NOT a regulated or registered FX broker (they are just a software solutions company) and thus they do not have the proper business practice of a regulated FX broker. Their claim on their web-site about insurance of fund is very deceiving to clients and their business practice is unprofessional and unethical.