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Invast Global broker Accounts
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.
Invast Global Similar Broker Accounts
Invast Global accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .