Investous is a new brand that offers a selection of four different accounts and MetaTrader4 platform. Let’s take a closer look to determine if it’s right for you?
Who is behind investous?
The broker launched in 2018. It is owned and operated by F1 Markets Limited which has been in existence since 2015. F1 markets have a sound regulation by Cyprus Securities and Exchange Commission. It is allowed to operate in Europe and a wide range of international countries. It has its offices in Cyprus.
Investous website is securely encrypted visible with the availability of browser padlock on the site, therefore all your information is safe and secure. It provides a user-friendly account that has various trading commodities. It also offers its users over 270 assets for trade, educational tools, and ideal customer service support. CFDs are available on currency pairs, Crypto, stocks, market indices, cannabis shares and commodities for trade.
What trading platforms do they offer?
The brokers trading platform is easy to use. The Web Trader platform is purely online and doesn’t require a download. It offers a variety of trading tools with trading charts that will give you an overview of daily markets and economic calendar.
You will be relieved to discover that it has the MT4 platform. It is one of the most advanced technical analysis tools that allows you to choose your expert advisors that will enable you to trade automatically.
For those without a PC or not in a position to carry the PC around, they can use the mobile phone by installing the Invectous mobile phone app. The phone app is available on iPhone iTunes stores and Google Play store. The phone App allows you to administer your account and orders, do mobile charting, reach out to customer services and perform live chats.
If you are new to forex trading, there is an Educational Centre that keeps you updated and enlightened. It has a Glossary and Frequently Asked Questions, Video format of the Daily Financial News, Economic Calendar and a well explained technical and Fundamental Analysis.
What are the types of accounts available?
Investous offers basic, gold, platinum and VIP accounts. All the accounts have a leverage of up to 1:500 with different deposit amounts and unique features. A Demo account is also included to get you started with the basics before trading with real money.
Deposits and withdrawal options.
You can fund your account using wire, credit card and online options such as skrill. Wire transfer takes longer to reflect on your account. If you are an impatient trader, the Skrill or credit card method is the fastest platform to use. Investous supports deposits in US Dollar, British Pound, Euro (EU) and Russian Rubble.
Investous allows you to withdraw a minimum of ten dollars from your funds to your bank. Unfortunately, you can only withdraw your funds to the account to initially deposit your funds. For the first time withdrawal, you will need to produce the official government ID with a picture, Proof of current address and if you used a credit card during deposit, you would have to scan the front and back for verification. Additionally, each trader must comply with the Know your Customer standard (KYC) and Anti-Money Laundering Laws (AML). Withdrawal charges vary depending on the withdrawal method.
Spreads, Leverage, and commission
The spreads are approximately 1.5 pips for Euro and US dollar. They are floating making them prone to fluctuation. Due to the ESMA regulations to protect a trader the leverage is low as 1:30. The professional clients get to enjoy the higher leverage of 1:500 although conditions apply.
There is nothing as offending than having to deal with an unresponsive customer support team especially if you are a trader with a pressing issue. Invectous have various platforms for customer support. There is an easy live chat option on their platform where customer support agents answer your most pressing problems effectively. They are also fast to respond to your questions. You can also call to speak to an agent directly, use online contact form or, ticket support system or write an email to them. All these services are available for 24 hours.
- Offers various trading platforms
It has a wide range of trading platforms. The Meta Trader 4 platform mainly is essential for most traders. It has numerous trading tools inclusive of charting packages and various market indicators.
- Reasonable deposit
The Invectous broker has a basic account that allows you to start trading from as low as 250 dollars. This amount is relatively affordable.
- Allows Skrill as a mode of payment
You can use skrill to deposit funds into your account. It is faster and easy to use
- High withdrawal charges
Withdrawal charges are as high as 3.5 %. It is quite high considering it’s a new brand in the market. Higher withdrawal charges are expected from larger brokers.
Even though Investous is a new brand in the market, it has sound regulations with various trading platform and four accounts to choose from. It offers good educational tool and customer support. However, it has high withdrawal charges with low leverage.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK