I deposited $5000 with ITFX few months ago. I got a recent call about their promotions, I was told on the spot that in order to double my money I will be committed to trade with them for 1 year. I opened a second account with $3000 and in my new account there's a total balance of $6000. My first account Is not under any promotions so i can withdraw anytime, and the second one just doubled just for committing for 12 months. I sent a withdrawal request 2 weeks ago..it took 4 days to have my money in my account, that's because i change address and waiting for proof of address. I can't say anything negative about ITFX, they provided me with excellent customer service and they update me all the time.

Hola everyone. I was a bit afraid to trade, Invest Tech Fx is for long term traders in the forex market. If you stay long term you get some good cash bonus on account for staying I receive 20% cash on $8000 and currently 35% on $22,000 I trade every day and I make 5% accumlativo interest for 12 month.
In Spain I can not make that with any bank.

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 a kind of blackmailing.

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
http://www.yellow.com/826.html

2. GIB is not registered as a company in the UK
http://ukdata.com/company/search

3. Their domain is hosted anonymously
http://www.nic.com

4. I called a broker in London and asked him about "GIB Interbank" He couldn't find any information about them in London !

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.

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.