Investex Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this Investex Review.
Investex offers 3 forex trading account types. The Classic account offers instant execution with fixed or variable spreads, while Pro and Premium ones provide market execution with tighter variable spreads and a small commission fee. All account types offer the opportunity to trade in micro lots.
The Company. Security of Funds
Founded in more than 10 years ago as a bank, Investex offers trading in a wide range of currency pairs, and various CFDs on currencies, shares, indices, commodities and precious metals, equity indices and precious metals on the widely used MetaTrader 4 platform.
Investex is a brand name used and owned by B2B Bank Limited, a privately held international bank, licensed under the Financial Services Authority (FSA) of St. Vincent & the Grenadines and authorized to conduct a broad range of banking business under the FSA’s supervision.
We generally advise traders to avoid offshore companies and to invest with brokers regulated by reliable authorities such as UK’s FCA, or Australia’s ASIC. However, this is not the case with Investex.
Companies, holding Class A International Banking License with SVG’s FSA must meet various requirements. For example, they have to establish and maintain a capital fund with fully paid-up capital of not less than US $1,000,000 or its equivalent in another currency.
Such international banking license allows companies to conduct all types of banking business with customers outside the country of issuance. That is why Investex’ products and services are not being offered to residents of St. Vincent and Grenadines. The broker also does not accept citizens and residents of Japan and the United States as clients.
Minimum Initial Deposit
In order to open an account with Investex, one has to deposit $100, which is average. For example, another offshore brokerage, FX Choice, has set the same low minimum initial requirement, but this applies to all account types (including the ECN one).
Average spreads & Commissions
This brokerage offers both fixed and variable spreads. Fixed ones are average, amounting to 2 pips on EUR/USD. Similar is the situation with variable spreads provided on commission-free (Classic) accounts, which are averaged 1.2 pips on EUR/USD. That is why we would recommend the Pro accounts, where spreads start out at 0.1 pips and involve a small commission – $2 per lot. Cost of trading on such accounts is below 1 pips per standard lot, which is a really good pricing
In comparison, FX Choice also provides average spreads amounting to 1.2 pips on EUR/USD on its commission-free accounts, while its ECN spreads are averaged 0.5 pips and a commission of $3.50 per lot (per side) applies. For further information, you may look up real-time spreads of 15 leading brokers here.
The maximum leverage rates offered by Investex are high, reaching 1:500. Yet, most brokers offer leverage within the range of 1:200 – 1:500, including FX Choice. Some even provide higher leverage levels.
Nonetheless, we advise traders to exercise caution when using high leverage levels, for they involve greater risk.
Investex supports the most popular forex trading platform – the MetaTrader 4 (MT4), developed by MetaQuotes. With this broker, it is available as PC, web and mobile versions.
Investex WebTrader. Click to enlarge.
MT4 is easy to use and perfect for both professionals and beginners. It offers a wide range of technical analysis indicators, extensive back-testing environment, advanced charting package and a wide range of Expert Advisors (EA), allowing clients to fully automate their trades.
Here you may look up more forex brokers offering MT4 platform.
Methods of Payment
Investex offers its clients the following payment modes: credit/debit card, bank wire transfer, China Union Pay and Onlinepay.
Investex is an offshore MT4 broker that provides online trading services in forex and various CFDs under competitive terms. The company behind the brand also operates as a bank.
The Broker is not a safe forex broker, Instead you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
Investex Review Conclusion
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