Investingpro Review

At FXCanary, our review process is built on a foundation of independent verification and cross-referencing. For Investingpro, we began by examining its regulatory status against official registers in New Zealand and other major jurisdictions. We also dug into the company’s incorporation records to trace its history and ownership. No live license was found in any public database, prompting a closer look at how the broker presents itself to potential clients.

We then turned to the real-world experiences of traders who have used the platform. Trustpilot hosts a small but damning collection of reviews, while Forex Peace Army shows no rating or discussion thread. Additionally, we searched for any formal complaints about withdrawal blockages or scam behaviour, drawing on aggregated industry databases and exposure sites. The goal was to separate the broker’s marketing narrative from the on-the-ground reality.

Investingpro operates through Milton Group LTD, a company registered in New Zealand. The public incorporation date is recorded as 9 April 2019, yet the broker’s marketing materials repeatedly claim to have been serving investors since 1999. This 20-year gap between the claimed pedigree and the corporate registration is a significant discrepancy that immediately raises concerns about the broker’s transparency and honesty.

A common tactic among questionable brokers is to fabricate a long history to instil a false sense of trust. While a company might legitimately acquire an older brand or predecessor, there is no evidence of such a link in this case. The reported number of employees—zero—further undermines the image of a well-established financial services firm. In regulated environments, a broker must maintain a physical presence with compliance, support, and operations staff. A company listing zero employees suggests either a dormant shell or a deliberate attempt to obscure its true scale and location.

FXCanary finds that the combination of a recent registration, an inflated tenure claim, and a null employee count all point toward a corporate structure designed to minimise transparency. For a trader considering depositing funds, these facts alone should serve as a powerful warning.

The single most important factor in choosing a forex broker is regulatory oversight, and on this front, Investingpro fails entirely. Our cross-check of the New Zealand Financial Services Providers Register (FSPR) and the Financial Markets Authority (FMA) returned no active license for Milton Group LTD or the brand Investingpro. Likewise, we found no registration with tier‑1 authorities such as the UK’s FCA, Australia’s ASIC, or the Cyprus Securities and Exchange Commission (CySEC).

The lack of regulation means that there is no legal requirement for Investingpro to segregate client funds from its own operational capital. In practice, your deposit could be used for any purpose, including paying other clients’ withdrawal requests (a Ponzi-like scheme) or simply covering the broker’s expenses. There is also no requirement for negative balance protection, so in a volatile market, a trader could end up owing more than the account balance—though in an unregulated setting the enforcement of such debts is questionable.

Perhaps most critically, without regulation, there is no independent dispute resolution mechanism. If you encounter problems with withdrawals, trading conditions, or account manipulation, you cannot escalate your case to a financial ombudsman. Your only recourse would be costly private legal action, and even then, the shadowy corporate structure might make it impossible to identify or serve the responsible parties.

At the time of our review, Investingpro does not publicly disclose any account tiers, minimum deposit amounts, or differentiated trading conditions. This is highly unusual. Regulated brokers typically publish detailed comparison tables so that clients can choose an account that matches their capital and trading style. The opacity at Investingpro leaves potential customers in the dark about entry costs, leverage limits, and any value-added services they might receive.

The absence of this information is problematic for several reasons. First, it prevents traders from doing an apples-to-apples comparison with better-known competitors. Second, it often hides aggressive upselling tactics, where a broker pushes a high‑deposit account with promises of premium features that never materialise. The real‑user reviews hint at exactly this pattern: one trader described a ‘charming approach’ that later gave way to silence and a refusal to refund. Without published account details, a trader has no way to hold the broker accountable for what was promised.

Given the lack of documentation, we must assume that the ‘account’ offered is a one‑size‑fits‑all arrangement of unknown quality. This is unacceptable for any financial service that asks for real money upfront.

A broker’s reputation ultimately rests on its ability to process withdrawals smoothly, and here Investingpro appears to have a critical weakness. Although formal complaint databases we consulted did not record a high volume of withdrawal-related logs, the raw user reviews paint a different picture. One 1‑star review on Trustpilot states plainly: ‘Don’t send any money to them. You will never get them back.’ Another trader recounts a six‑month period during which all savings were lost, with the initial friendliness turning into what they describe as ‘criminal gangster’ behaviour.

The third relevant review, while less sensational, points to a systematic failure in handling client money. The user describes a ‘charming approach’ followed by weeks of missing paperwork and, despite repeated requests, no sign of a refund. This pattern—initial friendliness, then delay, then silence—is a classic hallmark of a problematic broker. It strongly suggests that the platform prioritises collecting deposits over honouring withdrawal requests.

Trading at an unregulated broker always carries the risk that the operator may simply decide not to return your funds. Reviews alleging exactly this outcome must be taken seriously. While no trader should rely solely on online reviews, a uniform chorus of complaints about fund recovery is a red flag that no amount of friendly customer service can override.

Investingpro offers two platforms: MetaTrader 4 (MT4) and a system called Status. MT4 is a time‑tested, widely used platform favoured by technical traders and algorithmic strategists. Its availability could imply that the broker’s market maker or liquidity bridge supports the MT4 protocol, which is a positive sign insofar as it points to at least some level of infrastructure investment.

However, the presence of MT4 alone does not guarantee a fair execution environment. Shady brokers have been known to run MT4 under a ‘B‑book’ model, where client trades are never actually passed to the market but are taken in‑house, creating a conflict of interest. Without regulation, there is no external oversight of execution quality, spread manipulation, or slippage.

The Status platform, being a proprietary or white‑label solution, raises even more questions. There is no publicly available information about its security architecture, data encryption, or uptime reliability. For any trader, entrusting sensitive personal and financial data to an opaque platform is a serious risk.

The broker’s materials do not provide a complete list of tradable instruments. In the absence of information, one can only assume that the product suite covers standard forex pairs, commodities like gold and oil, major stock indices, and perhaps a selection of share and cryptocurrency CFDs. Yet, without a formal contract specification or product library, a trader cannot verify spreads, margin requirements, or swap rates before funding an account.

This lack of disclosure is not an administrative oversight; it is a deliberate business choice that favours the broker over the client. If you cannot see the full offering upfront, you cannot compare it against the thousands of other MT4 brokers. You are left to trust that what the broker says on the phone or in a chat is accurate, a trust that the user reviews strongly indicate is misplaced.

Investingpro does not publish any information on trading fees, spreads, commissions, or overnight financing costs. In a competitive online brokerage environment, fee transparency is a basic expectation. Regulated brokers typically display average spreads for popular instruments and clearly outline any commission structures. The absence of such data at Investingpro means that a trader has no way to calculate transaction costs before entering a position.

Even more concerning is the potential for non‑transparent fees to be applied to deposits and withdrawals. The user who reported waiting for a refund also mentioned ‘no official paperwork,’ which could imply that the broker never disclosed the terms and conditions governing client funds. Hidden withdrawal fees, inactivity charges, and conversion markups are all common traps in unregulated brokerages. Without a published fee schedule, a client is effectively signing a blank cheque.

The Trustpilot page for Investingpro holds 4 reviews with an average score of 2.6 out of 5, all of them negative. Two reviews explicitly label the broker a ‘scam.’ The first, from a user who claims to have been involved for six months, describes the loss of all their savings and warns others to ‘Keep Away!’ The reviewer specifically names an individual, Gerald Watson, and alleges criminal behaviour, adding that the broker would never show their face on camera. While we cannot verify this specific allegation, the intensity of the complaint is consistent with a serious financial loss.

The second scam warning is blunt: ‘Don’t send any money to them. You will never get them back.’ This review offers no further detail, but its directness carries weight, especially when placed beside the other accounts. The third review, which we categorised under both deposits and platform experience, describes a process where a charming initial approach was followed by a complete lack of official paperwork and a refusal to refund. Across all four reviews, there is zero positive sentiment—no praise for customer service, platform features, or execution quality.

When a broker’s entire feedback footprint consists of such stark warnings, it signals a systemic problem rather than isolated disgruntlement. The small number of reviews could be explained by the broker’s low visibility or a deliberate effort to suppress negative feedback, but what little exists is uniformly damning.

We cross-checked Investingpro’s Trustpilot standing against aggregated industry databases, which assign the broker a Scam Risk Score of 46 out of 100—a ‘Guarded’ rating. This moderate score, rather than a lower one, likely stems from the absence of certain extreme signals: no impersonator or clone sites have been identified, and formal withdrawal complaint logs are minimal. However, these databases often rely on algorithmic detection, which can miss the human-reported nuances captured in narrative reviews.

The Trustpilot rating of 2.6/5 is consistent with the guarded risk level but arguably understates the severity of the accusations. A broker that is repeatedly called a scam and fails to return client funds should not be considered merely ‘guarded’; it should be flagged as high‑risk. The lack of a Forex Peace Army thread, while neutral, also means there is no community‑verified discussion to either confirm or refute the Trustpilot claims. This leaves the negative reviews as the most accessible window into the broker’s conduct.

Based on our investigation, FXCanary strongly advises against opening an account with Investingpro. Every layer of our review process reveals a red flag. The broker operates without any regulatory license, leaving your funds completely unprotected. Its corporate background is built on a dubious claim of decades of experience that contradicts public registration records. The user testimonies, though few in number, are unanimous in their warnings about scams and the inability to recover deposited money.

The 46/100 Scam Risk Score may seem moderate, but it does not capture the qualitative weight of being labeled a criminal enterprise by former clients. For a trader, the metrics that matter—trust, transparency, and fund security—are all absent. Even if the broker were to process one successful withdrawal out of ten, the risk of permanent capital loss is unacceptably high.

We recommend that anyone considering this broker first verify a broker’s license on the regulator’s official website and never rely on website logos or claims alone. If a broker cannot point to a live, verifiable license from a credible jurisdiction, the only safe choice is to walk away. In the case of Investingpro, there are simply no grounds to believe your money is safe.