Inbestial Forex Broker

Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. General Information & Regulation Feature Detail Regulation No Regulation Market Instrument forex, indices, commodities, stocks, cryptocurrencies and CFDs Account Type Basic, Platinum, Gold and Diamond Demo Account N/A Maximum Leverage 1:500 Spread (EUR/USD) 3 pips Commission Forex: 0% | Stocks: 0.15% for Basic, 0.1% for Platinum, 0.05% for Gold and 0% for Diamond Trading Platform Web Trader and Mobile Trader Minimum Deposit $250 Deposit & Withdrawal Method Visa, MasterCard, JCB, Bank Transfer and ozow Inbestial, a trading name of RIBOVA HOLDING INVESTMENTS (PTY) LTD, is allegedly a forex and CFD broker registered in South Africa that claims to provide its clients with 450+ tradable financial instruments with flexible leverage up to 1:500 and floating spreads from 2 pips on the Web Trader and Mobile Trader trading platforms via four different live account types, as well as 24/5 customer support service. Here is the home page of this brokers official site: As for regulation, it has been verified that Inbestial currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.18/10. Please be aware of the risk. Market Instruments Inbestial advertises that it offers access to 450+ instruments to trade, which include forex, indices, commodities, stocks, cryptocurrencies and CFDs. Account Types Inbestial claims to offer four types of trading accounts - Basic, Platinum, Gold and Diamond, with minimum initial deposit requirements of $250, $2,500, $10,000 and $50,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less. Leverage The specified leverage for different account types at Inbestial varies between 1:200 and 1:500. Specifically, 1:200 for the Basic account, 1:400 for the Platinum and Gold accounts, and 1:500 for the Diamond account. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. Spreads & Commissions All spreads with Inbestial are a floating type and scaled with the type of currency pair. For example, the spread on the benchmark EUR/USD pair is 2 pips, but on the trading platform, we see a spread of 3 pips. By contrast, the industry average is just 1.5 pips. As for the commission, there is no commission on forex, while the commission on stocks is 0.15%, 0.1%, 0.05% and 0% for Basic, Platinum, Gold and Diamond accounts respectively. Trading Platform Available Instead of the world's most advanced and popularly-used MT4 and MT5 platforms, Inbestial gives traders Web Trader and Mobile Trader. Anyway, you had better choose brokers who offer the leading MT4 and MT5, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors. Deposit & Withdrawal From the logos shown at the foot of the home page on Inbestials official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of Visa, MasterCard, JCB, Bank Transfer and ozow. According to the Terms and Conditions, the minimum initial deposit requirement is said to be $250 and the minimum withdrawal amount is $20. Bonuses & Fees From the information on accounts, Inbestial appears to offer bonuses for different account types. For example, a 10% bonus on the Basic account, an 30% bonus on the Platinum account, a 50% bonus on the Gold account and a 100% bonus on the Diamond account. In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators. The document also lists a strange fee of $25 for account activation. Another questionable charge is an administration fee of $150 if the customer requests a chargeback. Customer Support Inbestials customer support can be reached by telephone: +27218139058, email: support@inbestial.net or send messages online to get in touch. Company address: Polvadera Peak Place, Midlands Estate, Olifantsfontein, Gauteng 1683, South Africa. Pros & Cons Pros Cons • Multiple instruments and account types to choose from • No regulation • Uncompetitive spreads (3 pips) • High minimum deposit requirement ($250) Frequently Asked Questions (FAQs) Q 1: Is Inbestial regulated？ A 1: No. It has been verified that Inbestial currently has no valid regulation. Q 2: At Inbestial, are there any regional restrictions for traders？ A 2: Yes. Restricted Countries: EU Member States, Iceland, Norway, Afghanistan, Canada, Iran, Iraq, Libya, Myanmar, Nicaragua, North Korea, Panama, Russian Federation, Somalia, Syria, Uganda, United Kingdom (UK), United States of America (USA), Yemen, Zimbabwe, etc. Q 3: Does Inbestial offer the industry-standard MT4 & MT5？ A 3: No. Instead, Inbestial offers Web Trader and Mobile Trader. Q 4: What is the minimum deposit for Inbestial？ A 4: The minimum initial deposit to open a Basic account is $250, while $2,500, $10,000 and $50,000 for the Platinum, Gold and Diamond accounts respectively. Q 5: Does Inbestial charge a fee？ A 5: Like every forex broker, Inbestial charges a fee when you trade - either in the form of a commission fee or spread fee, as well as $25 for account activation and an administration fee of $150. Q 6: Is Inbestial a good broker for beginners？ A 6: No. Inbestial is not a good choice for beginners. Not only because of its unregulated condition, but also because of its high initial deposit requirement and uncompetitive trading conditions.