INVEXIA Forex Broker

INVEXIA Review Summary Founded2019 Registered Country/RegionCyprus RegulationCySEC Market Instruments150 spot forex, 1,500 CFDs, 1,500 stock exchanges, 80 indices, 35 cryptocurrencies, 50 ETFs Demo Account✅ LeverageUp to 1:50 SpreadFrom 1 pip on major FX pairs Trading PlatformMetaTrader 5 (MT5) Minimum Deposit€500 Customer SupportPhone: +357 25 059355 Email: info@invexia.comINVEXIA Information INVEXIA is a regulated online broker that started in 2019 and is based in Cyprus. It is owned by WRDNB Ltd, which is licensed by CySEC. The MT5 platform gives you access to a lot of different financial instruments with tight spreads and good customer service.Pros and Cons ProsCons Regulated by CySECNo Islamic (swap-free) account option Various trading marketsHigh minimum deposit Demo accounts Multiple account types Support MT5 platform Popular payment optionsIs INVEXIA Legit? Yes, INVEXIA is a reputable broker that is subject to regulations. The Cyprus Securities and Exchange Commission (CySEC), a respectable financial regulatory body in the EU, has granted it permission to operate under the legal name WRDNB Ltd. The company was granted a Straight Through Processing (STP) license on February 20, 2023, with license number 424/23.What Can I Trade on INVEXIA? INVEXIA offers multi-asset trading with access to 150 spot forex, 1,500 CFDs, 1,500 stock exchanges, 80 indices, 35 cryptocurrencies, and 50 ETFs. InstrumentSupported Spot Forex✔ CFDs✔ Stocks✔ Indices✔ Cryptocurrencies✔ ETFs✔ Bonds❌ Options❌Account Type There are three types of live trading accounts available from INVEXIA. They are made for traders with varied degrees of experience and money. All accounts provide you access to Tier 1 liquidity and let you trade micro lots. You can use demo accounts to practice, but there is no sign that Islamic (swap-free) accounts are available. Account TypeMinimum DepositLeverageSpread CommissionSuitable for Classic (Basic)€500StandardClassicLowBeginners with low capital ECN (Pro)€2,000StandardTightIntermediate traders Professional€10,000ProfessionalAdvanced or institutional tradersLeverage With INVEXIA, traders can handle positions that are bigger than their original capital with leverage of up to 1:50. Leverage can make gains bigger, but it also makes losses much more likely.INVEXIA Fees The fees for trading with INVEXIA are average for the industry. The broker has spreads that start at 1 pip on popular currency pairings, and they charge swap rates for positions that are held overnight. Trading SymbolMinimum Spread (Pips)Long Swap (Points)Short Swap (Points)Swap Value LongSwap Value Short EUR/USD10.675-0.040.0675-0.004 GBP/USD10.51-1.20.051-0.12 EUR/GBP0.90.495-0.820.0495-0.082 USD/JPY10.02-3.740.002-0.374 GBP/JPY1.60.135-3.880.0135-0.388 EUR/JPY1.20.44-2.320.044-0.232 AUD/USD10.345-0.720.0345-0.072 AUD/JPY3.40.075-2.560.0075-0.256Trading Platform Trading PlatformSupportedAvailable DevicesSuitable for MetaTrader 5 (MT5)✔Desktop, Mobile (iOS/Android)Experienced traders MetaTrader 4 (MT4)✘-BeginnersDeposit and Withdrawal INVEXIA accepts payments via MasterCard, Visa, Apple Pay, PayPal, UnionPay, and Zimpler. However, specific info like deposit and withdrawal processing time and associated fees are not revealed.