INVDOM Forex Broker

INVDOMReview SummaryFounded2024-3-14Registered Country/RegionAustraliaRegulationNot regulatedMarket InstrumentsVirtual currency CFDDemo Account✅LeverageUp to 1:100Spread/Trading PlatformMT5Min Deposit/Customer SupportEmail: support@invdom.comAddress: Level 16 175 Pitt St, Sydney 2000, NSW. INVDOM is a newly-established broker registered in Australia, claiming to offer virtual currency CFD trading with demo accounts and leverage up to 1:100 via the industry-standard MT5 platform. However, currently it is not regulated.Pros and ConsPros Cons Popular trading platform MT5Relatively newDemo accounts offeredNot regulatedLimited trading assetsLack of transparencyIs INVDOM Legit? INVDOM operates without regulation. It is not supervised by any financial authorities. Traders should be cautious when choosing a broker.What Can I Trade on INVDOM?Tradable Instruments Supported Virtual currency CFD✔Forex❌Commodities ❌Indices❌Stocks❌Account Type INVDOM offers two account types: real account and demo account.Leverage The leverage of INVDOM is up to 1:100. Note that high leverage comes with high gains and losses.Commission INVDOM charges $11 per 20000 currencies. The minimum margin is $0 and margin rate is 30%.Other Fees And all account opening and maintenance fees are said to be free of charge.Trading PlatformTrading PlatformSupported Available Devices Suitable for MT4❌/BeginnersMT5✔Web, Desktop, WebExperienced tradersDeposit and Withdrawal Deposit Options Deposit OptionFeeProcessing Time Domestic bank transfer Transfer fee will be paid by the customerUsually within 15 minutes after deposit. If the broker is unable to confirm the payment by 5pm, it will be reflected on the next business dayCryptocurrency remittance (USDT)1 USDT and 3%Immediate Withdrawal Options Withdrawal OptionFeeProcessing Time Financial institution designated by the customerBasic freeUsually within 3 business days from the requestCryptocurrency remittance (USDT)1USDT and 3%Usually within 15 minutes of request. Orders received after 5pm will be processed on the next business day