Edex Invest Forex Broker

Registered Country United Kingdom Regulation No regulation Minimum Deposit $250 Maximum Leverage 1:200 Trading Platform N/A Demo Account Not Available Trading assets Forex pairs and CFDs on commodities, digital currencies, stocks and indices Payment Methods N/A Customer support Email only EdexInvest is an online broker obliged to deliver investment opportunities such as Forex pairs, stocks, commodities, and digital currencies, among other services. They hype that low spreads and thousands of instruments can be obtained. EdexInvest does not fall under any regulatory body, and they are illegally generating public funds. Unregulated platforms do not last for long in the market, and they quickly disappear with all your money. The company may easily go out of existence or break trade guidelines since they are not bound to any laws. Here we can see that EdexInvest has received a very low score of 1.28/10 on WikiFX. Please take care, for trading with an unregulated broker is taking a huge risk of losing your money. Account Types EdexInvest.com immediately expects you to open live accounts and start earning massively. They do not have a demo account that can help you familiarize yourself with how the software works. Also, the kind of algorithm it uses in generating profits is unknown and entails a lot of ambiguity. As for leverage, it‘s 1:200 fixed, and clients are not allowed to change it. Therefore, Edex Invest knowingly put clients at risk because 1:200 is everything else but a safe ratio. In fact, the leverage itself exposes Edex Invest as illegitimate as this level is prohibited by too many reliable regulators, including the British FCA. Namely, due to regulations, licensed EU, British and Australian brokers have to limit their clients to 1:30 leverage, while US brokers can’t provide more than 1:50. Brokers offering higher leverage levels are usually unregulated, so youd better be careful with their offers- Edex Invest is one of those. Trading Instruments It offers scores of trading instruments – well over 2000, including Forex pairs and CFDs on commodities, digital currencies, stocks and indices, with leverage as high as 1:200, a choice of three account types and a web based platform. Trading Platform They claim that the platform is suitable for experts as well as beginners. There is no expert investor who would waste a single dime here, and you should not either. Accordingly, they do not reveal any well-known platform that they use, such as MetaTrader 4 or 5. Furthermore, newbie traders cannot benefit from the platform if they have no helpful and educational content. Deposit & Withdrawal EdexInvest allows you to invest a minimum of $250. There is no sensible reason to pay that much for software you are hardly sure will work for you. Accordingly, you can fund your account through various options such as Visa, Master Card, Bitcoin, and wire transfer, among other possibilities. So it would help if you always opted to use the credit/ debit option since you get a refund period of up to 540 days from the day of deposit. Wire transfer and cryptocurrencies are irreversible. Once you make a deposit, there is no turning back. Accordingly, how long it takes you to withdraw funds from EdexInvest is unknown. Thus you are likely going to have a hard time trying to access your money after successful trading. Also, you should always have access to your money instantly. Customer Support EdexInvest customer support is available 24/5 from 9:00am – 6:00pm. They also brag that the support team they have is one of their greatest strengths. However, you can only reach them via one means email; compliance@edexinvest.com. In addition, they should at least have telephone contact and other contact methods. There is no guarantee that you will receive any response to your queries. Pros & Cons Pros Cons None No regulation Inaccessible official website Poor customer support Frequently Asked Questions Is EdexInvest regulated？ No, EdexInvest is not regulated. What trading instruments does EdexInvest offer？ EdexInvest offers a series of trading instruments, including Forex pairs and CFDs on commodities, digital currencies, stocks and indices. What is the minimum deposit to get started with EdexInvest？ The minimum deposit to get started with EdexInvest is $250.