Rating Index

Pros

Trustworthy and regulated by ASIC, ensuring client safety and reliability.

Competitive spreads and low trading fees, making it attractive for active traders.

Access to multiple trading platforms, including MT4, MT5, IRESS, and Bloomberg.

Cons

High minimum deposit requirement of AUD 5,000, which may not be suitable for beginner traders.

Primarily caters to professional and institutional traders, limiting options for novice traders.

Only one payment method available for deposits and withdrawals (bank transfer), which may be inconvenient for some users.

Invast Global broker Accounts

Invast Global Account Types

Invast Global offers three distinct account types designed to cater to various trading needs and experience levels:

Retail Account

Minimum Deposit: AUD 5,000
Leverage: Up to 1:30 as per ASIC requirements
Margins: 20%
Gross Exposure Limit: 500,000 base currency
Single Position Limit: 250,000 base currency
Commissions: 6 basis points (bps)

Sophisticated Account

Minimum Deposit: AUD 5,000
Leverage: Up to 1:30 as per ASIC requirements
Margins: 10%
Gross Exposure Limit: 3,000,000 base currency
Single Position Limit: 1,000,000 base currency
Commissions: 5.5 bps

Wholesale Account

Minimum Deposit: AUD 5,000
Leverage: Up to 1:30 as per ASIC requirements
Margins: 10%
Gross Exposure Limit: 5,000,000 base currency (negotiable)
Single Position Limit: 1,000,000 base currency (negotiable)
Commissions: 5 bps

Please note that Invast Global does not offer a demo account for practice trading, which may be a drawback for some traders. Additionally, Islamic accounts are not available.

Invast Global Broker Account Opening Process

Opening an account with Invast Global involves a straightforward process:

Visit the Website: Go to the official Invast Global website.
Select Account Type: Choose the type of trading account that suits your needs (Retail, Sophisticated, or Wholesale).
Complete the Application: Fill out the online application form with your personal information, including your name, email, phone number, and country of residence.
Identity Verification: Provide necessary documents for verification, such as a government-issued ID and proof of address (e.g., utility bill or bank statement).
Submit the Application: Review and submit your application for processing.
Account Approval and Fund Deposit: Once approved, you can fund your trading account using bank wire transfer.

The minimum deposit required to open an account is AUD 5,000, which is considered relatively high compared to other brokers. The approval process typically takes 24 hours.