Welcome to the InvestiQuant review.
InvestiQuant claims to provide traders with on-demand statistical research tools and quant support, 24/7.
The company (InvestiQuant Inc) also claims to deliver their trading solutions through scale-able, cloud-based platform which they believe is cheaper than other solutions.
One of the products they offer is called iQ Discover.
According to the company’s marketing materials, iQ Discover is a real-time research and decision support tool that takes care of time-sensitive quantitative information which they believe is badly needed by active traders.
The tool can be used by traders of various financial instruments not limited to Forex, Futures, Options and ETFs.
Details of this trading tool will be found in the subsequent paragraphs of our InvestiQuant review.
In addition to that, our InvestiQuant review seeks to determine whether or not the tools offered by this company are reliable and practical in the life of a trader.
In the meantime, if you are using MT4 for trading Forex and have not found a profitable trading solution just yet, we implore you to take advantage of what these tools and resources can provide.
InvestiQuant review
InvestiQuant is promoting itself as a service that offers statistical edge and tools to active traders since 2008.
According to various reliable sources, InvestiQuant Inc was founded in 2008 and is an active Investing company based at 124 Quade Drive, Cary, North Carolina 27513, US.
However, the domain investiquant.com was registered in August 2014.
It is not known what the company founders were doing or how they were running their trading business between 2008 and 2014.
Also, according to the company’s marketing materials and this Linkedin profile, we find that this company’s CEO and co-founder is called Scott Andrews.
This LinkedIn profile provides interesting details about Scott Andrews. From this profile, we’ll be able to tell whether Mr. Andrews is a serious professional traders and developer or just a marketing charlatan.
InvestiQuant review: detailed breakdown of product info
Mr. Andrews of Investi Quant has a solution for every type of trader and investing operation.
His sales page reveals that they’re services target prof trading firms, hedge funds, commodity trading advisors and brokers as well.
The Investi Quant platform is supposedly a highly customized solution that can also provide enterprises with what their clients need.
They believe that their solutions will save traders from the most common pitfalls.
At the time of writing this InvestiQuant review, the company is recruiting people to attend their upcoming webinar in June 3rd 2020.
In this webinar, content will include teaching on how to test trading ideas without coding, how to save or be alerted of trade strategies and market biases as well as updates on the latest advancement on the IQ Discover platform.
InvestiQuant’s main selling point is that their products are cloud-based, broker-independent while providing backtesting, strategy management and real time alerts.
All of the above does not need any coding knowledge.
Who are the people behind Investi Quant website?
According to the website, Investi Quant is run by professional traders, data scientists and quantitative developers whose main goal is to create and deliver institutional-grade trading tools to traders and firms alike.
It goes on to say that these workers are “graduates of West Point” who are also holders of series 3 futures and commodities trading license.
They even have a hand in NASDAQ exchange’s operation.
All of this is can be found on the website of this company.
Can these claims be verified one by one? We doubt if Yes is the answer.
Our assumption is based on what we found regarding the Founder of InvestiQuant.
But who is Scott Andrews?
His profile proclaims that he is an ex military aviator.
He goes on to say that between 2003 and 2008, he worked as an independent trader for Futures, Options and Equities.
No broker has been mentioned here. So it is very difficult to verify this claim.
The only thing I want to ask Mr. Andrews is whether he can produce a redacted broker statement proving the same.
This has been a huge battle in most of our reviews like when we did a post on Second Brain Trading, BreakFree Trading and many others.
We could not get the owners of these websites to prove their trading prowess.
This seems to be the case with the owner of InvestiQuant Inc.
Now, between 2008 until present, he claims to have been running the operations of his company, Investi Quant Inc.
However, keep in mind that we initially wondered what Mr. Andrew was doing between the year 2008 and 2014.
This is a gap that has not been accounted for.
Now, the most interesting part of this resume is where Mr. Scott Andrew proclaims to have attained NFA membership in 2018.
A quick search at the National Futures Association’s official websites shows that there’s only one Scott Andrews who is not the one we’re talking about here.
You can search for yourself here.
The one ANDREWS, SCOTT LANIER is no longer a member of the NFA. In fact, membership was withdrawn in 2002.
To cut a long story short, Mr. Scott Andrews of InvestiQuant Inc is not a registered member of the NFA.
He is in no capacity to legally offer investing or brokerages services.
However, what reviews confess on other internet sources i quite shocking.
According to a customer who left a review of InvestiQuant on Better Business Bureau, the people who work in this company are good but they left him with a 10% loss of capital.
The customer says they tried the company’s “White Glove investment service” which is basically a portfolio management service offered by InvestiQuant.
By now, we should all know that Mr. Scott Andrews is not a registered CTA.
Any financial or investing service offered by him is considered illegal by the SEC.
Conclusion
It leaves us disappointed. InvestiQuant Inc products come across as professional.
This is because of the style of promotion and how they approach their audience.
However, when it comes to results, we can’t see any. In fact, as we conclude this review, we can’t tell whether profits can be made by using InvestiQuant tools.
Furthermore, the profile of Mr. Scott Andrews is somehow misleading.
Thanks for reading our InvestiQuant review. This is not something we can recommend.
Thanks for the info. I don’t work for them- just looking for reviews on them. Some odd conclusions here though. Why is it important than he is a CTA? I was a CTA at one point- that doesn’t mean i remain a CTA forever. The only reason to be one is if you are working for a hedge fund or broker, so the idea that this guy isn’t one any more doesn’t mean anything.
If he claims to be a West Point grad that means he owed the army and the country a few years of active service as payback for that education…assuming he was eventually discharged honorably at some point, he would have been issued a form DD-214 detailing his dates and places of service…ask him to produce one…sincerely, Radar O’Reilly
It’s easier than that. West Point Association of Graduates has a searchable index. Michael Scott Andrews shows as having graduated in the 1987 class. Could Scott Andrews be lying and associating is name with this record? This kind of thing is not unprecedented, but given his statements publicly available on podcasts and interviews, it would be an extraordinary leap of faith that he wouldn’t be identified.