InvesaCapital Forex Broker
Basic Information
South Africa
2-5 years Suspicious Regulatory License Suspicious Scope of Business Suspicious Overrun High potential riskCompany profile
Rating Index
VIP
PLATINUM
InvesaCapital Forex Broker - Complete Information Guide
1. Broker Overview
InvesaCapital, officially known as Imer Market (Pty) Ltd, was established in February 2021. The broker is headquartered in Johannesburg, South Africa, and operates as a private entity. InvesaCapital primarily serves the retail trading market, catering to individual traders looking to invest in various financial instruments.
Since its inception, InvesaCapital has positioned itself in the competitive forex trading landscape, offering a range of services and account types. The company aims to provide an accessible trading experience, although it has faced scrutiny regarding its regulatory compliance and operational transparency.
InvesaCapital operates under the premise of facilitating forex and CFD trading, acting as a market maker rather than an ECN broker. This model allows traders to access various financial products, but it also raises potential conflicts of interest, as the broker profits from the spread between buy and sell prices.
2. Regulation and Compliance Information
InvesaCapital claims to be regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, with a license number of 640. However, there are significant concerns regarding the legitimacy of this claim. Various sources indicate that while Imer Market (Pty) Ltd is a registered entity, it is unclear whether it is indeed linked to InvesaCapital.
The broker does not participate in any investor compensation schemes, which raises concerns about the protection of client funds. Furthermore, InvesaCapital has not provided clear information about its compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, which are critical for ensuring the integrity of financial operations.
Client funds are reportedly held in separate accounts, but the lack of independent verification of this practice means that potential investors should exercise caution. The absence of robust regulatory oversight and investor protection mechanisms is a significant drawback for InvesaCapital.
3. Trading Products and Services
InvesaCapital offers a diverse range of trading products, including:
- Forex Pairs: The broker provides access to major, minor, and exotic currency pairs, allowing traders to engage in various forex transactions.
- CFDs: InvesaCapital offers Contracts for Difference (CFDs) on indices, commodities, stocks, and cryptocurrencies, enabling traders to speculate on price movements without owning the underlying assets.
The broker's product offerings are updated periodically, but specific details regarding the frequency of these updates and the introduction of new instruments are not clearly stated. InvesaCapital primarily focuses on retail trading services, with limited information available about institutional client services or white-label solutions.
4. Trading Platform and Technology
InvesaCapital utilizes a proprietary web-based trading platform. However, it does not offer compatibility with popular trading platforms like MetaTrader 4 or MetaTrader 5, which are widely recognized for their advanced trading features and user-friendly interfaces.
The web platform is designed to be accessible on both desktop and mobile devices, but it lacks advanced functionalities that many traders expect, such as automated trading options or comprehensive analytical tools. Additionally, there is no mobile application available for iOS or Android devices.
In terms of execution model, InvesaCapital operates as a market maker, which may lead to faster order execution but also presents potential conflicts of interest with clients. The broker's server locations and technological infrastructure details have not been adequately disclosed, leaving potential clients with questions about the reliability and speed of trade execution.
5. Account Types and Trading Conditions
InvesaCapital offers four types of trading accounts, each with distinct conditions:
- Basic Account: Requires a minimum deposit of $250, with spreads starting from 3.0 pips.
- Gold Account: Requires a minimum deposit of $25,000, with lower spreads compared to the basic account.
- Platinum Account: Requires a minimum deposit of $100,000, offering more competitive spreads.
- VIP Account: Requires a minimum deposit of $250,000, providing the most favorable trading conditions.
The leverage offered by InvesaCapital can go up to 1:500, which is significantly higher than many regulated brokers. However, this high leverage also entails substantial risk, particularly for inexperienced traders. The minimum trade size and overnight fee policies are not clearly outlined, which can lead to confusion for potential users.
6. Fund Management
InvesaCapital supports several deposit methods, including credit/debit cards and bank transfers. The minimum deposit requirements vary by account type, with the basic account starting at $250.
Deposits are typically processed quickly, but specific processing times and any associated fees are not transparently communicated. Withdrawal methods are limited, and users have reported difficulties in processing withdrawals, raising concerns about the broker's reliability.
The withdrawal processing times and fee structures are not explicitly stated, leading to potential frustrations for clients attempting to access their funds.
7. Customer Support and Educational Resources
InvesaCapital provides customer support through various channels, including phone and email. However, there is no live chat support available, and the service operates from Monday to Friday, excluding weekends.
The broker offers support in multiple languages, catering to a diverse client base. Educational resources include webinars, video tutorials, and market analysis, although the depth and quality of these materials may vary.
Traders can access trading tools such as economic calendars and calculators, but the overall educational offering may not meet the expectations of more experienced traders seeking in-depth market analysis or personalized coaching.
8. Regional Coverage and Restrictions
InvesaCapital primarily serves clients from South Africa and other regions, but it does not accept clients from the United States. The broker's operational footprint is concentrated in areas where forex trading is popular, but specific regional offices are not disclosed.
The companys website indicates that it adheres to local regulations, but the lack of transparency regarding its operational practices and compliance raises concerns for potential clients.
In conclusion, while InvesaCapital presents itself as a forex broker offering a range of trading products and services, significant red flags regarding regulation, customer experiences, and operational transparency suggest that potential investors should proceed with caution. The lack of a strong regulatory framework and numerous negative reviews highlight the risks associated with trading through this platform.
InvesaCapital Similar Brokers
Latest Reviews
FX1106002819
Chile
First they make me deposit 200 dollars, then they tell you that you need to prepare the account for events and that you will make big profits. After you deposit a large amount of money, they tell you that your capital and investment are in danger and ask you to deposit more so that the margin grows and you can withdraw. But when you try to withdraw, they say no, let's trade with this and that, and they never let you withdraw. They ask you to sign documents that absolve them of any responsibility. I lost 11,000 dollars, which were for my own house. They made me trade with Ngas and after asking me to deposit to pay taxes for withdrawal, the value goes up to 14,000 dollars and I lose all my capital, ending up with -4600 dollars. Please help me.
Exposure
01-22
Isamar Garcia
Salvador
Inversacapital scammed me out of $1,386.60 dollars, where my investment was $731 dollars. My assigned manager named Daniel Fernando convinced me to make a deposit last week of $500 dollars, where I was charged an additional $24 commission per deposit. He made me open 4 operations, two aimed at oil and 2 on gold, with 2 operations I was supposed to have profits, but by keeping the operations that were negative open for 2 days it turns out that I lost all my money, plus I had about 2 weeks with a currency trading in negative, every time I asked him for help to see if he would close it he only told me not to worry, now they are asking me to deposit more money, when I lost my investment and I didn't even get a cent of the duke profits, because now everything It's lost. In addition to that, I wrote to the manager to question him, since he was the one who told me to open those operations that were programmed to close on their own and now it turns out that he doesn't even answer me. What's more, I have been left owing the platform $386 for the losses. I need help to get my money back please.
Exposure
2023-09-15
Florencia Coruchini
Uruguay
They keep making me send deposits supposedly for them to be able to make the refund. The reality is that every day they have a new story to make me deposit more and more money and they don't make the refund. They made me use my credit cards and now I haven't got any more credit on them neither the cash to pay them off. They left me in debt.
Exposure
04-05