InvestPlus Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
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Satisfied with InvestPlus. I'm currently satisfied with the smart trade group. They never failed me. I know that they are reliable and in any case, everything will be fine with my deposit because they ensure their client's funds.
Investplus, a Vietnam-based forex broker, has garnered attention in the trading community, but the reviews reveal a mixed bag of opinions. While some users appreciate the platform's accessibility and the range of trading options, concerns regarding its regulatory status and trading costs have raised red flags. This review aims to synthesize the key findings from various sources to provide a comprehensive overview of Investplus.
Note: It's crucial to highlight that Investplus operates in a region with varying regulatory standards, and users should exercise caution. This review reflects a balanced approach to ensure fairness and accuracy in the information presented.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 5 |
| Tools and Resources | 4 |
| Customer Service and Support | 6 |
| Trading Setup (Experience) | 5 |
| Trustworthiness | 3 |
| User Experience | 4 |
| Additional Features | 4 |
How We Rate Brokers: Ratings are based on a combination of user feedback, expert evaluations, and factual data from credible sources.
Founded in 2020, Investplus operates primarily in Vietnam, providing a platform for forex trading and other financial instruments. The broker is not regulated by any major financial authorities, which raises concerns about its trustworthiness. Investplus offers various trading platforms, including CQG Desktop and CQG Mobile, but notably lacks support for popular platforms like MT4 or MT5. The available asset classes include currency pairs, commodities, and CFDs, but the options are relatively limited compared to other brokers.
Investplus is registered in Vietnam, a country known for its less stringent financial oversight. As such, the broker does not fall under any major regulatory body, which is a significant risk factor for traders. According to WikiFX, there is no valid regulatory information available, and traders are advised to be cautious when dealing with this broker.
The minimum deposit required to open an account with Investplus is reported to be around $200 (approximately 4,600,000 VND). While this amount is relatively reasonable, the lack of regulatory oversight raises concerns about the safety of funds. The broker offers various deposit and withdrawal methods, but specifics on transaction times and fees are scarce.
Investplus does not appear to offer any significant bonuses or promotions to attract new traders, which is common among many unregulated brokers. This absence may indicate a lack of competitive strategies to entice users to their platform.
The range of tradable assets on Investplus is limited, primarily focusing on currency pairs, commodities, and CFDs. Users looking for a more diverse trading experience might find this limitation a drawback compared to other brokers that offer a wider selection, including stocks and ETFs.
The trading costs on Investplus are notably high, with spreads on major pairs like EUR/USD reaching up to 4 pips, which is more than double the industry standard. This information is corroborated by PediaFX, which suggests that traders may face excessive costs when trading on this platform.
Investplus offers a maximum leverage of 1:100, which is relatively standard in the industry. However, potential traders should be cautious, as higher leverage can lead to significant losses, especially in an unregulated environment.
Investplus provides access to CQG Desktop and CQG Mobile trading platforms, but it notably lacks support for the widely-used MT4 and MT5 platforms. This limitation may deter traders who prefer these popular platforms for their advanced features and user-friendly interfaces.
While Investplus operates primarily in Vietnam, there is no clear indication of specific regions where trading is restricted. However, the lack of regulation may make it less appealing to traders in regions with strict financial laws.
Investplus offers customer support through various channels, including phone, email, and social media platforms like Facebook and Zalo. However, the overall customer service rating is only moderate, indicating that users may not receive timely or effective assistance when needed.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 5 |
| Tools and Resources | 4 |
| Customer Service and Support | 6 |
| Trading Setup (Experience) | 5 |
| Trustworthiness | 3 |
| User Experience | 4 |
| Additional Features | 4 |
Account Conditions (5/10): The minimum deposit is relatively low, but the lack of regulatory oversight is a significant concern for traders.
Tools and Resources (4/10): Investplus offers limited trading tools, and the absence of popular platforms like MT4 or MT5 may hinder user experience.
Customer Service and Support (6/10): While customer support is available through multiple channels, the effectiveness and responsiveness of the service remain questionable.
Trading Setup (5/10): The trading experience is average, with high spreads and limited asset classes affecting overall satisfaction.
Trustworthiness (3/10): The absence of regulation and the high trading costs contribute to a low trust rating for Investplus.
User Experience (4/10): User experiences vary, with some appreciating the platform's simplicity, while others express concerns about costs and support.
Additional Features (4/10): The broker lacks promotional offers and advanced trading tools, which could enhance user engagement.
In conclusion, the Investplus review presents a broker that may appeal to some traders due to its low minimum deposit and available trading platforms. However, the lack of regulation, high trading costs, and limited asset classes warrant caution. Potential users should thoroughly evaluate their options and consider the risks before engaging with Investplus.
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