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Summary: Invastforex, a broker regulated by ASIC, offers a range of trading options primarily targeting professional and institutional traders. While it boasts competitive spreads and a robust trading platform, the high minimum deposit requirement and limited educational resources may deter novice traders.
Note: It is important to note that Invast operates under different entities in various regions, which can affect the services and regulations applicable to users. This review aims for fairness and accuracy by synthesizing multiple sources.
Category | Rating (out of 10) |
---|---|
Account Conditions | 7 |
Tools and Resources | 6 |
Customer Service and Support | 7 |
Trading Setup (Experience) | 8 |
Trustworthiness | 9 |
User Experience | 8 |
We rate brokers based on a comprehensive analysis of user feedback, expert opinions, and factual data.
Founded in 1960 and operating under the name Invast Financial Services Pty Ltd since 2013, Invastforex is headquartered in Australia. The broker is regulated by the Australian Securities and Investments Commission (ASIC), ensuring a level of security and oversight for traders. Invastforex offers a variety of trading platforms, including the popular MetaTrader 4 (MT4) and Iress Trader, catering primarily to forex, CFDs, and commodities. The broker targets professional and institutional clients, offering competitive trading conditions and a wide range of financial instruments.
Invastforex is primarily regulated by ASIC, which is known for its strict oversight of financial services in Australia. This regulation provides a level of trust and security for traders, as the broker must adhere to strict guidelines regarding fund protection and operational transparency.
Invastforex supports several major currencies for deposits and withdrawals, primarily AUD and USD. However, it does not currently support cryptocurrencies for trading, which may limit options for some traders.
The minimum deposit requirement for opening an account with Invastforex is AUD 25,000. This high threshold is primarily aimed at professional traders and may be a barrier for casual or beginner traders looking to enter the market.
Invastforex does not prominently advertise bonuses or promotional offers on its platform. This could be a consideration for traders who are looking for additional incentives to open an account.
Invastforex provides access to a variety of asset classes, including major and minor forex pairs, commodities, and indices. However, it does not offer trading in cryptocurrencies, which could be a drawback for those interested in digital assets.
The cost structure at Invastforex is competitive, with average spreads around 0.2 pips for major pairs like EUR/USD. However, traders should be aware of the commission fees, which can be around AUD 4 per standard lot. This cost structure is favorable compared to many other brokers in the industry.
Invastforex offers leverage up to 1:100 for most of its trading instruments, which is in line with ASIC regulations. While this is lower compared to some offshore brokers, it ensures a safer trading environment for clients.
Invastforex supports multiple trading platforms, including MT4, which is popular among retail traders for its user-friendly interface and extensive analytical tools. The Iress platform is also available, providing advanced features for professional traders.
While Invastforex operates globally, it does not accept clients from certain jurisdictions, including the United States. This restriction is common among many brokers due to regulatory compliance issues.
Invastforex offers customer support primarily in English, with additional support available in Mandarin. This multilingual support is beneficial for traders from diverse backgrounds.
Category | Rating (out of 10) |
---|---|
Account Conditions | 7 |
Tools and Resources | 6 |
Customer Service and Support | 7 |
Trading Setup (Experience) | 8 |
Trustworthiness | 9 |
User Experience | 8 |
Account Conditions: Invastforex's high minimum deposit may be a significant barrier for casual traders. However, for professional traders, the account conditions are favorable, with competitive spreads and low commissions.
Tools and Resources: While Invastforex offers robust trading platforms, the lack of comprehensive educational resources may hinder less experienced traders. The broker primarily caters to professionals, which is reflected in its offerings.
Customer Service and Support: Invastforex provides solid customer support, with multiple channels available for traders to reach out. However, the absence of 24/7 support could be a drawback for those needing assistance outside regular business hours.
Trading Setup (Experience): The trading experience on Invastforex is generally positive, with fast execution times and a user-friendly interface. The platform's advanced features cater well to experienced traders.
Trustworthiness: With ASIC regulation and a long history in the industry, Invastforex is considered a trustworthy broker. The emphasis on fund security and transparency adds to its credibility.
User Experience: Overall, users report a satisfactory experience with Invastforex, highlighting the platform's functionality and the broker's commitment to client service.
In conclusion, Invastforex is a reputable broker primarily suited for professional and institutional traders. While the high minimum deposit and limited educational resources may deter beginners, the competitive trading conditions and robust platform make it an attractive option for experienced traders. Always consider your individual trading needs and risk tolerance before choosing a broker like Invastforex.