Invest-AutoTrade is a brokerage firm established in Saint Vincent and the Grenadines, primarily offering binary options trading services to its clients. The official website of Invest-AutoTrade is https://invest-autotrade.net, and it supports two languages: English and Russian. According to information from a Whois query, the broker's official website domain was registered on April 11, 2023, which is less than half a year ago.
Company Background
Invest-AutoTrade's official website claims that they have been providing binary options trading services to clients since 2012. However, there is no record of the company's registration with the relevant authorities in Saint Vincent and the Grenadines. Additionally, the registration date of Invest-AutoTrade's official website domain is less than half a year ago.
Account Registration
Upon visiting the Invest-AutoTrade website, you can click on "REGISTRATION" to start the account registration process. On the account registration page, investors can fill in the required information in either English or Russian and complete the registration process.
Account Types
Invest-AutoTrade's official website does not provide information about account types.
Trading Software
Invest-AutoTrade's binary options trading does not require downloading any software; investors can start trading after registering and making a deposit. Therefore, the official website does not provide information about trading software.
Regulatory Status
Invest-AutoTrade's official website does not provide information about regulatory authorities.
Promotions
The Invest-AutoTrade website displays a trading activity called the "Bonus Plan." In this activity, investors receive a certain percentage of bonus when they deposit funds into their trading accounts using a promotional code.
Investor Education
The Invest-AutoTrade website offers explanations of common terms used in binary options trading, including terms like "in-the-money," "out-of-the-money," "binary options," "intermediary market," "trading hours," "expiration rate," "bid price," and "ask price." Additionally, the website provides information on topics such as trading hours, software downloads, trading methods, and deposit/withdrawal times.
Summary
Invest-AutoTrade is suspected of false advertising. Firstly, there is no record of the company's registration with the relevant authorities in Saint Vincent and the Grenadines. Secondly, the company is not regulated by any regulatory authority, potentially leaving investors' funds without effective protection. Thirdly, the registration date of the company's official website domain is less than half a year ago. Given these circumstances, there are suspicions of fraud associated with Invest-AutoTrade, and investors should exercise caution when considering their services. Traderknows reminds you to be vigilant about your financial security and avoid falling into fraudulent schemes.
