Founded in 2014, Invest.com is one of the younger brokers online. Though young, Invest.com boasts the most expensive name in the day trading world, to go with one of the best robot advisor platforms to date. Headquartered in Limassol, Cyprus this young gun was created from a $20M investment from an Israeli venture capital firm Singulariteam and an affiliate from the Chinese social network site Renren. The company provides a variety of vehicles for trading, such as, CFDs, Forex, and Cryptocurrency trades.
It is not easy for a newcomer to break into the market where some of their biggest competitors have been around almost five to ten times longer. With an offering of competitive spreads, a multitude of funding options and an increased focus on security Invest.com is delivering where you need it most.
Regulations and Security
Based out of Cyprus, invest.com is regulated by Cyprus Securities and Exchange or CySEC, one of the most reputable regulatory bodies in the world. CySEC is known for their great handling of customer complaints and bountiful oversight. CySEC regulation also comes with acceptance into MiFID or Markets in Financial Instruments Directive, a cornerstone of EU’s regulation of financial markets.
Invest.com also abides by ‘segregated accounts’ guidelines, that protect the brokers from having free access to your funds for reinvesting. With the most advanced SSL encryption to date in place, your privacy and security are nearly guaranteed from the online scams and thieves.
Invest.com has one of the most varied offerings for people trying to fund their accounts. You will be able to choose from:
- Debit/Credit Cards
- Bank Wire Transfers
- eWallets (Skrill, Sofort, Neteller)
All the methods work pretty quickly, while each funding type has its own minimum deposit requirement. eWallets require a deposit of $100, while card-based deposits will require $250 and wire transfers will go as high as $500. When it comes to withdrawing your money, you will have the same options depending on your location of course.
There are two account types available to users; a free demo account, and a standard account. The demo account offered at invest.com is quite favorable. With $10,000 in virtual currency to play with you will have plenty of opportunities to improve your trading skills and strategy. One of the better demo accounts out there, this account is made to allow users to trade commodities and a varied list of other assets. Real-time rates allow you to learn the market and gain familiarity before taking on real risk with real money.
You can also choose from created or managed portfolios. The option to create your own portfolio is a welcome choice.
When trading with Invest.com you will have two trading platforms to choose from: ‘Simple’ Platform and ‘Pro’ Platform. The simple platform is as titled, it makes trading easy, within a few clicks you can invest your money. Invest.com gives you real-time market rates to simplify trading even further.
Pro Platform offers over 100 technical indicator and advanced charting tools. With a partnership with TradingView, the charts offered from invest.com are simply great, as they are considered the only competition to the market-dominant MetaTrader4 (MT4) platform. This platform is made for experienced traders while the Simple Platform is designed for newcomers.
Currently, Invest.com is rebuilding and preparing for relaunching a joined venture with BITTREX to create a new type of digital trading platform. While currently traders are left in limbo, soon they should be rewarded with a new platform worth the wait.