Editor’s Note: Why InvestMarkets Doesn’t Suck In 50 Words
Transparency, regulation, solid trading platforms, and a good reputation despite being a fairly young broker. InvestMarkets also offers a few “quality of life” features to its clients, such as trading education, live chat support, and lots of educational materials; yes, you could say that these are standard features, but unfortunately not all brokers offer them.
Why InvestMarkets Sucks In 50 Words
It can’t all be sunshine and rainbows, right? Well, to open the most basic account at InvestMarkets you will need to make a $250 investment and the higher accounts have some prohibitive requirements, at least for the common folk: $25K, $100K and $250K. Sorry but I don’t have that kind of money and ThatSucks!
Is InvestMarkets A Scam?
The owning company is regulated by the Belize Financial Services Commission, which is not a prominent regulator, nowhere near the likes of ASIC, CySEC or the British FCA. But the fact remains that we are dealing with a regulated broker and as you probably know by now, some regulation is better than no regulation.
Usually, if a broker is scamming the customers, the Internet is raging about it and the horror stories quickly make their way to the surface. However, InvestMarkets enjoys an overall positive reputation, and for all it’s worth, we consider them a legit broker. That being said, always remember that dealing with money requires the utmost caution, which applies to all brokers, not only InvestMarkets.
Should I Open An Account With InvestMarkets?
InvestMarkets is a new and regulated broker that offers Contracts For Difference (CFD) on various asset classes, including FX, Crypto, indices and stocks. It was launched in mid-2020 and it is operated by Arvis Capital Limited, a Belize investment firm, authorised and regulated by the International Financial Services Commission of Belize with license number 000307/166. The payment agent for Arvis Capital Limited is Toumpaka Limited, a company located in Cyprus and registered with number HE405187.
If you are looking for a solid trading partner and you have at least $250 to invest, then InvestMarkets is worth a detailed look. The broker is user friendly, with a well-structured website and easy to access information, translated in enough languages to give them a global presence.
The available trading platforms are Scipio (web-based) and Meta Trader 4 (downloadable client). Both of them offer all the necessary tools for technical analysis and advanced orders but of course, the MT4 platform has more features and is more suited for advanced traders. On the other hand, the web-based platform doesn’t require any installation, thus it can be accessed from any computer with an internet connection.
The account types are a bit on the expensive side: the lowest account – called Basic – requires a $250 investment, followed by the Gold account, which jumps to $25,000, the Platinum ($100,000) and VIP ($250,000). There’s a huge 100x difference between the lowest account and the next, so I don’t think that a lot of people will invest that high, especially because the advantages of a higher-tier account are not very appealing: the only perk you get is a lower spread (which is still very high). The basic account comes with a 3.2 pip spread for EUR/USD (floating, so it can get even bigger) but if you invest $25,000 for a Gold account, that spread will become… 2.9 pips. Well, I’m not investing $25K just to get a 0.3 pip discount.
InvestMarkets seems to tick all the boxes or at least some of the ones that count the most. They are regulated and have a good reputation, but the account structure needs some work. Or at least they should try to lower the spreads for the major pairs. That being said, if you are not a high volume trader, a high spread will not be a deal-breaker.
Arvis Capital Limited is located at Unit 303, No. 16 Cor., Hutson and Eyre Streets, Blake Building, Belize City, Belize. Toumpaka Limited has a registered address at Kolonakiou 25, ZAVOS KOLONAKIOU CENTER, BLK B, Flat 102, Linopetra, 4103 Limassol, Cyprus. InvestMarkets can be contacted at phone +27 10 753 1177 and email [email protected].
As we’ve already mentioned, InvestMarkets has a good reputation and we didn’t find any major complaints. On ForexPeaceArmy they are rated over 4 stars out of 5, which is quite a lot; on Trustpilot they have a 4.2 rating, which again is a very good score.
InvestMarkets Regulatory Warnings And Announcements
At the time of writing there are no warnings or fines issued to this broker. As always, we will keep on monitoring and update our review if anything changes.
The processing time is 24 business hours but up to 5 business days will pass until the funds will reach your account. The methods are credit/debit cards, e-wallets (Skrill, Neteller, etc.) and wires. There is no minimum for cards and e-wallets but wire transfers have a minimum of 120 USD or 100 EUR. For the Basic account you will only have 1 withdrawal free of charge, while the more expensive account will offer a few free or charge withdrawals every month.
Trading Central (TC) analysis, insights and market predictions are available on the trading platform, which is quite a nice addition because TC have been around for a long while and are considered among the most reliable in the business. Other than that we can mention TipRanks, webinars and an Economic Calendar.
User Friendliness 18/20
The website is available in 6 languages (English, Russian, Spanish, German, Portuguese and Arabic), with easy to access information and reliable trading platforms. Demo accounts and mobile platforms are available but unfortunately US traders are not accepted.
Range of Markets, Spreads and Leverage 18/20
The available markets are currencies, cryptocurrencies, commodities, stocks, indices and ETFs, which all add up to over 100 tradable instruments. The spreads are high, with 3.2 pips for EUR/USD for the Basic account (spreads are floating and can change depending on market conditions). Leverage goes up to 1:500 but European clients can only use 1:30 as per Mifid regulations.
Deposits and Withdrawals 18/20
Deposits can be made via the three major methods: cards, wires and a lot of e-wallets (Skrill, Neteller, Jeton, Webmoney, etc.). E-wallet availability may depend on client’s location. Withdrawals can be made via the same methods, with relatively fast processing times. The minimum deposit is $250 and there is no minimum amount for withdrawals made via cards and e-wallets. The wire minimum withdrawal is 120 USD or 100 EUR.
Fees and Support 18/20
Card withdrawals incur a 3.5% fee, wire transfers come with a 30 USD/EUR charge and e-wallet fees go up to 3.5% depending on the wallet used by the client. After a month without trading/deposits/withdrawals, the broker may charge an inactivity fee which is equivalent to 80 EUR according to their General Fees document. Support is available via live chat, phone and email.
Trading Central analysis and insights, webinars, an Economic Calendar and tips from TipRanks. These are good extra features but not game changers.
InvestMarkets Overall Ratings (89) + Regulated (+3) = 92/100