Invest 505 Forex Broker

Aspect Information Registered Country United Kingdom Founded Year 2022 Company Name Invest505 Regulation Unregulated Minimum Deposit Regular: $250 Spreads Starting at 0.4 pips for EUR/USD pair Trading Platforms WebTrader Tradable Assets Currency pairs, commodities, indices, shares, cryptocurrencies Account Types Regular, Bronze, Silver, Gold, Platinum, Diamond, VIP, Pro Demo Account Available Customer Support Phone: +44 7 428 447 864; Messaging system on platform Overview Invest505, established in 2022 and based in the United Kingdom, operates as an unregulated trading platform. It offers a variety of account types with a minimum deposit requirement of $250 for the Regular account. The platform provides access to a range of tradable assets, including currency pairs, commodities, indices, shares, and cryptocurrencies, with competitive spreads starting at 0.4 pips for EUR/USD pairs. Traders have the option to utilize the WebTrader platform and can access a demo account for practice. Customer support is available via phone and messaging system on the platform. Regulation Invest 505 operates without regulatory oversight, potentially exposing investors to higher levels of risk due to the absence of regulatory safeguards. Without regulation, there may be limited transparency and accountability, raising concerns about the integrity of the investments offered through Invest 505. Investors should proceed with caution and conduct thorough due diligence before engaging with such platforms. Pros and Cons Invest505 presents a range of advantages, including access to diverse trading assets, competitive spreads, and market analytics. However, traders should be aware of potential drawbacks such as withdrawal issues, allegations of scams, and the reliance on a web-based platform. It's essential for investors to carefully weigh these pros and cons before engaging with the platform. Pros Cons Diverse Range of Trading Assets Withdrawal Issues and Fees Competitive Spreads Allegations of Scams and Manipulation Access to Market Analytics Reliance on WebTrader Platform Variety of Account Types Limited Customer Support Channels Availability of Educational Resources Lack of Transparency in Fees and Charges Market Instruments Invest505 Forex and CFD broker offers a range of trading assets organized into categories: Currency pairs: EUR/NOK, GBP/ILS, USD/SEK Commodities: gold, natural gas, soybeans Indices: DAX30, CAC40, S&P500 Shares: Lufthansa, Samsung, Alibaba Cryptocurrencies: SOL, ADA, SHIBA Account Types Invest505 offers a tiered system of account types tailored to varying levels of investment and trader preferences: Regular: Requires $250 minimum deposit, featuring competitive spreads and educational resources. Bronze: A minimum deposit of $10,000 grants access to all available assets along with a 15% bonus. Silver: With a deposit of $25,000, traders enjoy prioritized withdrawals and a 25% bonus. Gold: Requiring a $50,000 deposit, this account type provides full access to market analytics and a 35% bonus. Platinum: A $100,000 deposit eliminates spreads and offers exclusive market news. Diamond: Traders need to deposit $250,000 to benefit from a 65% bonus. VIP: Requiring a deposit of $500,000, this account type provides an 80% bonus. Pro: The highest tier requires a $1,000,000 deposit, offering a 100% bonus on deposits. Each account type caters to different trading preferences, with increasing benefits and bonuses correlating with higher deposit amounts. Spreads and Fees Invest505 features spreads starting at 0.4 pips for pairs like EUR/USD. However, it's essential to note that trading firms typically generate revenue from spreads, swaps, and fees. While low costs may seem attractive, excessively low fees could suggest a higher risk, as the firm may lack sustainable practices, potentially posing a threat to investors' funds. It's advisable for investors to carefully assess and comprehend all associated fees before engaging with the platform to mitigate potential risks. Deposit & Withdrawl Invest505 has faced complaints about withdrawal issues, including claims of a withdrawal fee scam. Some investors alleged they were asked to pay non-existent bank costs and taxes before their withdrawal requests were approved. Brokers typically deduct trading commissions from profits and don't cover taxes or other costs. If asked for upfront payments, it's likely a scam tactic to extort more deposits. Investors should be cautious and report such requests to avoid potential financial loss. Trading Platforms Invest505's trading platform is solid, though it's a WebTrader, which can be easily manipulated. While it offers quick navigation, asset pricing, and various technical indicators, it lacks the robustness of third-party platforms like MT4 or MT5. This choice raises concerns about fund protection as web-based platforms typically offer lower security levels. Customer Support Invest505's customer support can be reached at +44 7 428 447 864. They offer assistance for inquiries and issues related to trading, though response times and effectiveness may vary. FAQs Q: What is the minimum deposit required to open an account？ A: The minimum deposit is $250 for the Regular account type. Q: Are there any fees for withdrawals？ A: Withdrawal fees may apply depending on the withdrawal method and account type. Q: Is there a demo account available？ A: Yes, Invest505 offers a demo account for traders to practice with virtual funds. Q: How can I contact customer support？ A: Customer support can be reached via phone at +44 7 428 447 864 or through the platform's messaging system. Q: What trading assets are available？ A: Invest505 offers a variety of trading assets including currency pairs, commodities, indices, stocks, and cryptocurrencies. Risk Warning Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.