InvestCity Review
- Variety of managed investment portfolios to choose from
- Claims to be licensed and regulated
- Wrong and misleading information
- Very new investment brokerage
- Absolutely no reputation
- Very poor customer support
- Poor trading platform
InvestCity is a relatively new and unheard of online trading brokerage that serves all types of clients, whether they’re individuals, companies or institutions. The brokerage focuses on the offering of long term investment management by their professional investment managers. InvestCity is owned and operated by Instant Trading EU Ltd and is based out of London with their headquarters located at Kemp House, 152 City Road, London, England EC1V 2NX. Though the brokerage is based out of the UK, they claim to be licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 266/15. As well, InvestCity claims to be regulated by 17 other regulatory authorities from around the world. However, we highly doubt this is true as InvestCity is largely unknown in the online trading industry. InvestCity is different from most other online trading brokerages as they provide portfolio management investment services for everyone. While InvestCity offers a unique investment service, are they right for you and can they be trusted? Find out in our in-depth review as we analyze all aspects of this trading broker and discover if the can be trusted and if they are right for you.
Trading Platform
InvestCity doesn’t really provide their clients with a trading platform but rather they provide them with an account interface where they can create a managed investment portfolio. The platform is web based and accessible from any desktop computer or mobile device as it’s accessed from the InvestCity website. Overall, the platform is very simple, basic, and seemingly incomplete. Clients only have a handful of investment portfolio options to choose from and have no way of analyzing or knowing which one is best for them. Clients can only trust that the annual return and volatility ratios provided by InvestCity are correct. There is no other functionality of the platform that allows clients to help themselves create a portfolio. All in all, the InvestCity platform is very disappointing and clearly targeted towards incompetent investors that do not know any better.
Exchange Markets
InvestCity does not allow traders to participate in the trading of individual assets such as forex currency pairs, stocks, commodities, indices, etc. Instead, InvestCity offers their clients the choice between a handful of different investment portfolios. Clients can set their risk investment preferences and request certain assets to be included or not. InvestCity portfolio managers will help clients manage their portfolio and curate it to their desires. Clients can choose between state of the art premade investment portfolios, closed ended funds (CEFs) and exchange traded funds (ETFs). The financial assets that may be included in some of these portfolios include equities, bonds, commodities, real estate, and more. All in all, the InvestCity portfolio managers curate and manage the investment portfolio on the clients behalf and there is not much the client can do other than interact with their portfolio manager.
Fees and Commission
According to InvestCity, their fees are a fraction of the price of a typical advisor. However, no where on their site do they disclose any information regarding their fees and commissions. Therefore, InvestCity is not very transparent with their fees and commissions and cannot really be trusted. Especially since the brokerage has absolutely no reputation in the online trading industry and no third party information could be found about InvestCity.
Security and Fairness
InvestCity claims to be authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) and 17 other regulatory authorities around the world. However, we know this is not true and therefore InvestCity is straight up lying. We feel as though InvestCity cannot be trusted as the brokerages website appears to be thrown together and is incomplete. As well, there is no additional information about InvestCity and they are lying about the services they provide and their regulatory compliance. Therefore, any of the security features and procedures mentioned on their site we cannot trust.
Support
Upon reaching out to InvestCity customer support we received no response. They claim to be available 24 hours a day, 7 days a week but this is clearly not the case. Customer support representatives are supposedly reachable via email and telephone. As well, they list numerous social media channels on their contact page, but they are all very new and have no activity. Overall, the level of customer support is very disappointing.
Conclusion
InvestCity claims to be a world class long term investment solution by providing an array of professionally managed accounts for a fraction of the price of typical advisors. However, upon extensively researching InvestCity, we feel as though they cannot be trusted. The brokerage lies about numerous things, is unresponsive, and has a rather basic website and investment platform. It appears as though InvestCity is not ready for business or it is trying to scam innocent traders. All in all, we would advise traders and investors to avoid this investment brokerage as there are numerous other viable options available.
InvestCity Q&A
The following are the common questions that customers inquired about InvestCity.
Is InvestCity regulated?
Yes, apparently, they are regulated by the Cyprus Securities and Exchange Commission (CySEC) and 17 other regulatory agencies. However, we believe this is all lies, at least for the 17 additional regulatory compliances.
Is InvestCity a scam?
Yes, we think so. InvestCity appears to be a scam as they are not transparent, have an incomplete website, and were not responsive to us.
Where is InvestCity based?
InvestCity is based in the UK with their headquarters located at Kemp House, 152 City Road, London, England EC1V 2NX.
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