POLO INVEST Forex Broker

Note: POLO INVEST's official website https://www.poloinvest.com/ is currently inaccessible normally.POLO INVESTReview SummaryFounded2016Registered Country/RegionMexicoRegulationNo regulationMarket InstrumentsForex pairs and CFDs on shares, metals, commodities, indices, cryptosDemo Account/LeverageUp to 1:200SpreadFixed at 2 pips (Silver account)Trading PlatformMT4Min Deposit$10,000Customer SupportTel: +52 (55) 8526 1719Email: support@poloinvest.com POLO INVEST was registered in 2016 in Mexico. On POLO INVEST, traders can trade forex pairs and crypto CFDs. It uses MT4 as its trading platform, and the leverage can be up to 1:200. However, it is not regulated, and the minimum deposit is as high as $10,000.Pros and ConsPros Cons MT4 providedInaccessible websiteMultiple payment optionsLack of regulationWide spreadsHigh minimum depositIs POLO INVEST Legit? POLO INVEST is not regulated by the financial services regulatory authority in Mexico, which means that the company lacks regulation from its registration site. Moreover, the current status shows that client transferring is prohibited.What Can I Trade on POLO INVEST?Tradable Instruments Supported Forex✔CFDs✔Commodities✔Indices✔Shares✔Cryptocurrencies✔Bonds❌Options❌ETFs❌Account Type PoloInvest offers three trading accounts: Silver, Gold and Platinum. The minimum initial deposit for opening an basic account, or the Silver account is absurdly high, reaching up to $10,000, while most legit brokers only ask traders to deposit around $100 or even less to activate their trading accounts. In this way, Poloinvest is definitely a scam broker that traders should stay away from.Account TypeMinDepositMaxLeverageSpreadSilver $10,0001:1002 pips, fixedGold $50,0001:2002 pips, fixedPlatinum $100,0001:1001.6 pips, floatingLeverage Poloinvest offers the leverage up to 1:200, which is not that generous compared to many other brokers. Since leverage can amplify gains as well as losses, traders should take care when using it.Account TypeMax LeverageSilver 1:100Gold 1:200Platinum 1:100SpreadAccount TypeSpreadSilver 2 pips, fixedGold 2 pips, fixedPlatinum 1.6 pips, floatingTrading Platform Like the vast majority of forex brokers, PoloInvest offers the ever popular MetaTrader 4 (MT4) platform, despite the plans of its developer MetaQuotes Software to slowly phase it out. MT4 is the most used trading platform and is popular both among brokers and traders. It is stable and reliable, has many functions, offers API connectivity, supports PAMM and MAMM functionality and has a wide selection of technical analysis and charting tools. It is also user-friendly and supports Expert Advisors and automated trading.Trading PlatformSupported Available Devices Suitable forMT4✔Web, desktop, mobileBeginnersMT5❌/Experienced tradersDeposit and Withdrawal PoloInvest provides numerous payment options, in addition to standard bank transfer and card payments (VISA, MasterCard). The broker accepts payments through America Express, Neteller, OKPay, PayPal, QIWI, FasaPay, PayU, Skrill, Ukash, Web Money, Union Pay, Western Union.