Hey guys,
A few people that I talked to recommended a forex broker named InvidiaTrade.
Has anyone had any past experiences with them? I would love to hear a second opinion!
Thank you!
They have no license and no valid regulation.
I wouldn’t even want my ex-husband’s girlfriend trading there.
I think they get customers mostly from paid-for forum posts and paid-for Trustpilot reviews. Seriously, I wouldn’t even think about them. RUN! 
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I wouldn’t deposit with them, spotted multiple red flags as soon as I opened their website. It looks like a scam.
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Exactly. I’ve noticed a wave of excellent feedback about InvidiaTrade across several forums. Stay away.
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Exactly. I’ve seen, also. an obvious scam to avoid. Really most suspicious!! 
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These are often the brokers who pay posters for “recommendations” in forums.
Beware specially of new members who say “Top broker, they are great”.
I know nothing about Invidia. But I joined Babypips three weeks ago and already I noticed three different (bad) brokers here who are posting actively, and in the past these three all suggested through another site to offer to pay me to “recommend” them in forums like this. It’s a difficult problem for forums but not the fault of the forums.
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Is FNMarkets among these bad brokers? It is a brand new offshore broker launched two months ago. It looks legit to me, but is it? I found several reviews on broker review websites (example: https://www.fairforexreviews.com/fnmarkets/) all mention the same thing - that they are offshore-registered but not scam. What do you think?
Who needs it, then?
Those websites are affiliate link farms. That’s their only source of income. That’s why they have to say that, or they’ll never earn an affiliate commission from it, will they?
Either the broker is properly regulated by a mainstream regulator or it isn’t. It’s not a complicated issue.
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They’re surprisingly shameless!
But as you say, it’s not the forums’ fault at all, and it would be really difficult for them to prevent it.
All you can hope to do, realistically, is to correct factual misinformation and to explain to people that CFD brokers choose where to be regulated, that many so-called regulators are actually fake, that lack of high leverage isn’t what’s stopping people from trading profitably, that the reasons offshore brokers choose to avoid mainstream regulation is about protecting their own interests by denying their customers access to a real regulator with the power and duty to protect them, and that there are many hundreds of decent, honest, well-regulated brokers available without anyone needing to resort to scammy offshore chop-shops! 
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