ITinvest broker review: scam or not + real reviews from traders

About the broker

Brief history of the broker and awards

The year the Itinvest broker was founded is 2000. The first SmartTrade trading terminal was developed by the company. In 2006, access to trading through IT Co. began on the NYSE and NASDAQ. Two years later, the SuperTrade terminal was launched for fast trading, incl. scalpers.

In 2009–2010, Itinvest ranked first in terms of turnover on the MICEX derivatives market. 2012 - access to the currency section of the Moscow Exchange. After 2 years, the controlling stake is purchased by Da Vinci Private Equity Fund II LP

Investors gained access to the Chicago Mercantile Exchange. In 2015, a Guernsey Financial Services Commission license was obtained, access to Western sites has become easier. In 2021, rebranding took place - the company became known as ITICapital. 2021 - moving to a new office in Moscow City.

In 2013 Itinvest was named the best broker in Russia.

Terms of service and tariffs

Analytics FX Invest

Specialists of the brokerage company FX Invest prepare analytical reviews in several main areas:

• Cryptocurrency analytics. This block examines the development trends of markets where digital currencies are traded, such as Bitcoin, Ethereum, and so on.
• Foreign exchange market analytics. Daily analytical reviews of financial market developments.
• Economic calendar from FHInvest. This is a standard calendar where the broker informs traders about planned and completed events that affect the dynamics of financial markets.

Broker Products

Below is an overview of Itinvest's main products. For investors with little experience or newcomers to the stock exchange:

1. Opening an individual investment account. At the same time, the Itinvest website offers various investment strategies depending on the degree of risk - the online profitability calculator will calculate the expected income depending on the amounts you plan to invest.

The example shows a conservative strategy with low risks when buying bonds.

1. Model portfolios. Today there are 5 types. The minimum amount is RUB 50,000.
2. Placement of client's free funds.
3. Trading with a personal broker.
4. Buying ETF shares.

Experienced traders and qualified participants can additionally receive a single cash position, over-the-counter transactions, and margin lending from the broker.

Structured Products

These are investment methods, a financial service that Itinvest offers for clients who avoid high risks and want a simpler and more conservative way of investing. This is an exclusive offer from the company. Offered for a specific period, the investment subject may change depending on market conditions.

The income on such investments is fixed in an agreement with the broker and varies from less to more depending on the involvement of the client himself in purchasing a share of the structured product (SP). The joint venture itself can be anything - shares, a commodity asset, currency. Additionally, there is a minimum investment amount.

I will consider one of the joint ventures proposed by Itinvest for the summer of 2021 (from the company’s presentation).

As can be seen from the description, the client does not risk losing investments. For these periods, Lukoil, Polyus, dollar/ruble are also available as the underlying asset. We can conclude that Itinvest assumes the growth of these assets.

JV with a higher participation coefficient (CP).

The risk and involvement of the client are higher; if the price increases, the opportunity to get more in absolute terms. The investor's potential income is directly proportional to the degree of participation. Example: a CG of 50% was selected, the price increased by 10%, the client will receive 5%. The formula for charges is specified in the joint venture agreement.

ipo

The company helps conduct IPOs with the placement of securities at public auction. Itinvest conducted the IPO of JSC Europlan in 2015, PJSC RussNeft in 2021.

More

Access to international platforms using ITIGlobal - a personal financial advisor providing consensus forecasts on the actions of financial institutions, insider activity, and a special selection of news. The cost of such a service from a broker is 600 rubles/month, 5000 rubles/year.

What do they promise at KLT Invest?

On their website, the scammers do not skimp on their promises and talk about a multifunctional trading platform, a high level of data protection, fast trading and reliable liquidity. There is such nonsense here at every turn.

Can you trust the empty words of swindlers? Of course not.

Victims are offered the following assets for trafficking:

• cryptocurrencies,
• indices,
• goods,
• stock,
• currencies,
• metals.

In general, the most popular assets will supposedly be available to the trader immediately after registration. KLT Invest has only three tariffs. The minimum deposit is $150.

It would seem that the amount is quite modest, so it is not scary to give it to the broker. This is what KLT Invest is counting on. After all, who will fight for $150?

As for the conditions for each of the tariffs, they are described extremely poorly. They offer us practically no specifics here, but they didn’t forget to talk about leverage and instant execution.

There is, of course, a profitability calculator on the scammers’ website.

This also exposes KLT Invest as scammers, because no sane broker would post such blatant nonsense on their website.

Remember! The broker should not have any profitability calculators on its website.

Software and mobile trading

In 2013 Itinvest launched a new trading system MatriX. The new vehicle is built using a new architecture.

Advantages of MatriX:

• high data processing speed. 2–5 msvs 30–90 ms;
• productivity up to 2000 orders/sec, more than 10 million/trading day;
• reliability as a result of the operation of servers from world-class manufacturers - IBM and DELL;
• built-in opportunity for further scaling;
• maintaining a single cash position and built-in risk management tools;
• gateways for connecting other systems.

The main trading terminal for working under Windows is SmartX - Itinvest's own development (the entire Smart line is the brainchild of the company).

Terminal workspace (from the broker's website).

SmartX allows you to install additional plugins from the program itself.

The WEB version of SMARTweb works without installing the program as a remote terminal on any operating system. Simpler and with fewer tools than SmartX

For fans of algorithmic trading - SMARTcom. This interface connects the client’s own vehicle directly with the company’s servers. Plus - high speed of order execution, which is a critical factor when trading through a robot.

For high-frequency traders and clients with increased requirements for order processing speed - direct connection to the trading servers of the Moscow and St. Petersburg exchanges, bypassing the client part of Itinvest.

Itinvest provides access to QUIK, the most popular trading terminal in Russia. I like SmartX more both in terms of convenience and quality of graphics.

For mobile devices running iOS - SMARTtouch. Installation from the App Store.

Signs of a scam in KLT Invest

The company’s website is replete with statements that KLT Invest has the most favorable trading conditions. Here at every step they talk about real trading accounts that will bring big profits to clients and loyal trading conditions.

Next, they list the fake advantages of the scam broker. This is a typical “symptom” of divorce. Real brokers will not talk such blatant nonsense on their official website.

Everything would be fine, and the scam from KLT Invest could seem like a completely real broker, if not for the fact that this office has a 100% double. The second scam is called Noxelo, and its website looks exactly the same as our scammer’s resource.

Only the name and logo are different here. The terms of cooperation, the fake advantages of the office - everything is absolutely identical.

It is obvious that the scammers have created several websites for themselves in order to collect as much money as possible from victims and escape in an unknown direction.

This kind of fraudulent projects is called hype and is designed for a short period of time. So, the main task of scammers is to take as many as possible and as quickly as possible.

additional services

Bottom line

KLT Invest is not a broker. These scammers simply scam novice traders out of serious sums, persuading them to increase their deposit size. In the end, scammers simply block access to accounts, steal money from traders’ accounts, and close accounts.

Problems with information about tariffs, fake stories, a profitability calculator, problems with documents and the presence of a duplicate site also only indicate that KLT Invest is engaged in outright fraud.

You certainly shouldn’t count on serious profits here, but you should beware of losses.

In pursuit of easy money, a person can lose all his savings, so you should be very careful when choosing a financial intermediary. KLT Invest is definitely not suitable for this role.

Working with a broker

Below I will consider the main stages of working with Itinvest - opening an account, replenishing and withdrawing funds, how to get demo access from a broker.

Registration on the official website

The ITinvest website has a form for logging into the client’s personal account. A login and password are assigned after opening a trading account (see below “Instructions for opening an account”). The MatriX trading system with support for a single cash position is managed through your personal account.

This allows you to trade on various trading platforms without unnecessary transfers. The system includes risk management with balancing of risks for various instruments that have a correlation.

Instructions for opening an account

There are two main options for opening an account with Itinvest.

1. Via the website. At the top right, click “Open an account.”

Let's get to the form.

Left form - fill out the entire table and submit. After checking the data, a letter with a link indicating further actions is sent to the specified email. Everything is described in detail, it’s difficult to make a mistake.

Centered shape. Through the government services portal.

We enter the data, a letter arrives in the mail, using SMS and phone we confirm joining the electronic document flow. After this, you will receive a second email with access to your personal account. Using SMS, we electronically sign documents for opening an account. There is no need to come to the office.

If there are difficulties in choosing the option to open an account, use the right form “With the help of a consultant.”

1. Personal visit to the office in Moscow with signing of all necessary documents. Have your passport, SNILS, and TIN of the individual with you.

Demo account

The broker provides test access to the Itinvest demo account using the main SMARTx trading terminal. The virtual amount in the account is RUB 300,000. Leverage 1 to 1, short positions. Three platforms of the Moscow Exchange - stock market, forts, currencies. The demo period is 2 weeks.

If desired, in addition to the SMARTx terminal - access to the software interface for algorithmic trading APISMARTcom and to web terminals for Android and iOS.

An application for a demo account is sent from the form on the website. Path “Services/beginning investors/test access”.

Account replenishment and withdrawal of funds

You can top up your Itinvest account in the following ways:

1. By transfer in rubles to a current account in JSC National Settlement Depository, Sberbank of the Russian Federation, Raiffeisenbank.
2. By transfer to a foreign currency current account in US dollars, euros, pounds sterling, yuan at Raiffeisenbank.
3. By depositing money at the office in Moscow.
4. Through payment terminals Eleksnet and QIWI. Maximum 30,000 rub. in a day.

Orders to withdraw funds submitted to the Itinvest broker before 15:00 Moscow time are executed on the current day, after this time - on the next business day.

Below are detailed tariffs from the brokerage service agreement.

Withdrawal of funds in rubles - through Sberbank and Raiffeisenbank, in foreign currency - Raiffeisenbank.

Technical support

Broker technical support Monday–Friday from 9:00 to 19:00 Moscow time. Saturday, Sunday - days off. Customer service phone number. Technical support email

Trading conditions

The broker offers a fairly wide variety of trading accounts:

1. FIX-STANDARD;
2. PRO-STANDARD;
3. PROFESSIONAL;
4. PRO BITCOIN;
5. DEMO.

There are also plenty of trading instruments; the FXInvest broker is not limited to only the minimum set. Traders have access to:

• Currency pairs;
• CDF on company shares;
• Precious metals;
• Cryptocurrencies (Bitcoin).

The trading platform through which the broker offers trading is Metatrader 4. You can download it on a PC; there is also a mobile application for Android and iOS.

Trading platform on the website

One of the useful “features” on the site is a trader’s calculator, with which you can calculate the profitability of buying a selected currency pair.

Divorce or not

19 years on the market, 18,000 clients, licenses from the Central Bank of the Russian Federation as a professional participant in the stock market and for brokerage activities, trading terminals and proprietary software.

In the rating of the National Rating Agency (operating since 2002, accredited by the Ministry of Finance of the Russian Federation), Itinvest takes first place in terms of reliability.

Explanations for the rating from the NRA website.

Itinvest is a reliable company, a licensed broker operating on the Russian market.

How to contact KLT Invest?

In the contact information section we are offered an email address, an address in Belize and a telephone number.

But, if you believe customer reviews about KLT Invest, they don’t like to communicate with traders here. The scammers contact the victims until they make a contribution to the scam's activities.

Then the scammers simply block clients’ numbers, stop answering calls and ignore letters.

Real reviews

Below are reviews of Itinvest brokerage services from traders, clients and the opinions of company employees. On information resources, the picture is approximately the same - in general there are more positive reviews about the broker’s work, although there are also disadvantages, mainly associated with the weak response of technical support, according to clients.

Traders

From the resource brokers-rating.ru about the broker Itinvest.

Clients

ITinvest clients note the advantages of working with a broker.

Reviews from the brokerage information resource smart-lab.ru about the broker Itinvest.

From the resource brokers-rating.ru about the broker Itinvest.

Reviews on banki.ru about the broker Itinvest.

Employees

From brokers-rating.ru about the broker Itinvest.

KLT Invest - “wholesale” deception

Every day “financial crooks” improve their skills and hone their skills in scamming newly minted traders.
Scammers usually create simple resources and subsequently collect a lot of money from them. To achieve this, scammers often don’t even make any special efforts, but this kind of scam still works.

Scammers take advantage of the fact that inexperienced victims rarely check brokers for honesty. Some scammers create a more or less worthwhile scam so that even experienced traders fall for their scam.

Someone, on the contrary, makes a blunder so that only beginners invest in the scam. This path is the simplest, because beginners are unlikely to seek justice and look for a broker.

So KLT Invest created the simplest trap for those who understand absolutely nothing about trading in financial markets. It is precisely such traders that this scam is aimed at, because it is much easier to deceive such clients.

Alternatives

Itinvest is one of the top ten leading brokers in Russia. The quality and range of services can be compared with the following brokers and investment companies.

Reliable Russian brokers