Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
Invest Area, a trading name of Invest Area Ltd Pvt. Ltd, is allegedly a forex broker founded in 2021 and registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:500 and floating spreads from 0.2 pips on the MT4 trading platform via four different live account types, as well as 24-hour support service. Here is the home page of this brokers official site:
As for regulation, it has been verified that Invest Area currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.22/10. Please be aware of the risk.
Market Instruments
Invest Area advertises that it offers access to 7,000+ instruments across all asset classes, which include Forex, Indices, Commodities, and Stocks.
Account Types
Apart from demo accounts with 10,000 virtual money according to your registered currency, Invest Area claims to offer four types of trading accounts - Micro, Standard, Premium and VIP, with minimum initial deposit requirements of $/€250, $/€2,500, $/€25,000 and $/€100,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less. The broker also offers Islamic (Swap Free) accounts.
Leverage
The leverage provided by Invest Area is adjusted based on the account types. Clients on the Invest Area account can enjoy the maximum leverage of 1:500, the Standard account has a leverage of 1:300, and the Premium & VIP can experience a leverage of 1:100. However, according to the regulations, British and Australian brokers have to limit their clients to 1:30, while US brokers cant provide more than 1:50. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
All spreads with Invest Area are a floating type and scaled with the accounts offered. For example, the spread starts from 1 pip on the Micro and Standard account, from 0.6 pips on the Premium account and 0.2 pips on the VIP account. As for the commission, there is no commission charged on the Micro and Standard accounts, while there is a commission of $6/€5 per round-turn standard lot on the Premium and VIP accounts.
Trading Platform Available
The platform available for trading at Invest Area is one of the most notable and preferred trading platforms the market offers - MetaTrader4 for Desktop, Web terminal, Android Trader and iPhone, iPad & iPod. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT4 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
Invest Area says to accept funds via debit cards (MasterCard, Visa) and bank transfers, while withdrawals can be made only by wire transfers. The minimum initial deposit requirement is said to be $/€250. There are no deposit fees charged. The typical withdrawal time is up to 5 business days.
Bonuses & Fees
Invest Area claims to offer some bonuses. However, the bonus is not available for withdrawal. In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators.
The broker says it does not charge any inactivity fees. But if there are no transactions (deposits, withdrawals or trading activity) on your Trading Account for at least 6 months or more, it reserves the right, to block the account.
Customer Support
Invest Areas customer support can be reached by telephone: +39 3511671188, email: support@investarea.com or send messages online to get in touch. You can also follow this broker on social networks such as Twitter, Facebook, and LinkedIn. Register address - 12, 5 Manfred Road, London, United Kingdom, SW15 2RS. Physical address - office 147 griffin house, 40 level street manchester m60 6es.
Pros & Cons
Frequently Asked Questions (FAQs)
2023-03-22 12:16
2022-12-20 11:13
