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LocoInvest

United Kingdom|2-5 years|
Suspicious Scope of Business|High potential risk|

https://locoinvest.com/

Website

Rating Index

Contact

support@LocoInvest.com
https://locoinvest.com/
Elscot House, Arcadia Avenue, London N3 2JU, UK

Licenses

No valid regulatory information, please be aware of the risk!

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Broker Information

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Company Name

ADVERTISE LEAD LTD

Company Abbreviation

LocoInvest

Platform registered country and region

United Kingdom

Company website

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Warning: Low score, please stay away! 2
Previous Detection : 2024-06-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

LocoInvest · WikiFX Survey

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LocoInvest · Company Summary

Category Details
Company Name ADVERTISE LEAD LTD
Registered Country United Kingdom
Founded Year 2020
Regulation No Regulation
Tradable Assets Forex, Bitcoin, Precious Metals, Stocks
Account Types MICRO, Standard, BIG
Minimum Deposit 250 (MICRO), 5,000 (Standard), $20,000 (BIG)
Maximum Leverage 1:1000 (MICRO), 1:1001 (Standard and BIG)
Spreads As low as 1 pip
Trading Platforms LocoInvest WebTrader
Deposit & Withdrawal Maestro, Wire Transfer, Mastercard, Visa, SSL Secure Connection, Norton Secured, MasterCard SecureCode
Customer Support Email: support@LocoInvest.com, Address: Elscot House, Arcadia Avenue, London N3 2JU, UK

Overview of LocoInvest

LocoInvest, under the official name ADVERTISE LEAD LTD, was founded in 2020 and is headquartered in the United Kingdom. While the broker is not regulated, it offers forex, Bitcoin, precious metals, and stocks. LocoInvest's account options include MICRO, Standard, and BIG accounts, each with different leverage limits and minimum deposits. The LocoInvest WebTrader platform is central to their service, along with mobile applications for trading on the go. Despite these features, the broker lacks transparency in its fee structure and educational resources, with its website closed down.

Overview of LocoInvest

Pros and Cons

LocoInvest offers multiple account types and global payment options. Additionally, the broker provides access to both digital and traditional assets. Their LocoInvesttrading platform, compatible with mobile devices, supports on-the-go trading.

However, LocoInvest is not regulated, and their official website is unavailable. Furthermore, there is limited transparency regarding fees. The absence of phone support limits the options for resolving issues promptly.

Pros Cons
  • Multiple account types
  • No regulation
  • Various global payment options
  • Unavailable official website
  • Access to digital and traditional assets
  • Limited transparency on fees
  • Primary trading platform with mobile compatibility
  • Unclear educational resources
  • No phone support

Is LocoInvest legit or a scam?

LocoInvest is not regulated by any recognized financial regulatory authority. This lack of regulation means there is no formal oversight to guarantee the broker adheres to essential standards of financial stability, security, and fair trading practices.

Is LocoInvest legit or a scam?

Market Instruments

LocoInvest offers Forex, Bitcoin, Precious Metals, and Stocks. Forex, or foreign exchange, refers to the global marketplace for trading national currencies against one another. It is one of the largest and most liquid markets in the world. Bitcoin is a decentralized digital currency that operates without a central bank or single administrator. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Precious metals are naturally occurring metallic elements that have high economic value. Examples include gold, silver, platinum, and palladium. Stocks represent ownership shares in a corporation. When you own a company's stock, you own a piece of that company and its profits. Stocks are traded on stock exchanges and can be bought and sold by investors.

Market Instruments

Account Types

LocoInvest offers three trading accounts: MICRO, Standard, and BIG. The MICRO account, with a minimum deposit of $250, spreads starting as low as 1 pip and leverage up to 1:1000, is ideal for beginners. The Standard account, requiring a $5,000 minimum deposit, spreads also startingfrom 1 pip and offering leverage of 1:1001, suits more experienced traders. The BIG account, with a $20,000 minimum deposit, spreads starting from 1 pip and 1:1001 leverage, is suitable for professional traders.

Account Type Minimum Deposit Spreads Start From Leverage
MICRO $250 1 pip 1:1000
Standard $5,000 1 pip 1:1001
BIG $20,000 1 pip 1:1001

How to Open an Account with LocoInvest

Since the website is currently closed down, clients could contact LocoInvests customer support atsupport@LocoInvest.com.

How to Open an Account with LocoInvest

Leverage

The MICRO account has a maximum leverage of 1:1000, and the Standard and BIG accounts offer leverage up to 1:1001. As LocoInvest is unregulated and offers high leverage, it could be attempting to attract inexperienced traders.

Leverage

Spreads & Commissions

LocoInvest features spreads starting as low as 1 pip across its Micro, Standard, and Big accounts.

Trading Platform

LocoInvest provides its clients with the LocoInvest WebTrader platform. Since its launch in 2005, this platform is equipped with advanced technical charts and a several built-in technical indicators. Traders can benefit from features such as immediate execution orders, which facilitate prompt trading actions, and pending orders, which allow for strategic trade management without constant device supervision. The platform is accessible on various devices, including desktop computers and mobile applications. The LocoInvest WebTrader mobile applications are available for both iOS and Android devices.

Trading Platform

Deposit & Withdrawal

LocoInvest claims to offer several deposit and withdrawal methods:

  • Maestro: A debit card service owned by Mastercard.

  • Wire Transfer: An electronic funds transfer method between bank accounts.

  • Mastercard: Provides global payment processing services.

  • Visa: Facilitates electronic funds transfers globally.

  • SSL Secure Connection: Encrypted online transactions.

  • Norton Secured: Protection by Norton security services.

  • MasterCard SecureCode: Adds an extra layer of security for transactions.

Deposit & Withdrawal

Customer Support

Email: support@LocoInvest.com

Address: Elscot House, Arcadia Avenue, London N3 2JU, UK

Conclusion

LocoInvest, headquartered in the UK, provides forex, Bitcoin, precious metals, and stocks. With multiple account types and a proprietary trading platform that supports mobile trading, LocoInvest offers some flexibility to traders. However, the broker's lack of regulation, unclear fee transparency, insufficient educational resources, and the closure of its official website are serious drawbacks.

FAQs

Q: Is LocoInvest a regulated broker?

A: No, LocoInvest lacks regulation from any recognized financial authority.

Q: What trading instruments are available at LocoInvest?

A: LocoInvest provides access to forex, Bitcoin, precious metals, and stocks.

Q: What types of accounts does LocoInvest offer?

A: LocoInvest offers MICRO, Standard, and BIG accounts.

Q: What is the minimum deposit for opening an account with LocoInvest?

A: The minimum deposit is $250 for a MICRO account, $5000 for a Standard account, and $20,000 for a BIG account.

Q: What is the maximum leverage available at LocoInvest?

A: The maximum leverage is 1:1000 for the MICRO account and 1:1001 for the Standard and BIG accounts.

Risk Warning

Online trading poses substantial risks, with the potential for complete loss of invested capital, rendering it unsuitable for all traders. It is imperative to comprehend the inherent risks and acknowledge that the information provided in this review is subject to change due to continuous updates in the company's services and policies.

Additionally, the review's generation date is a critical consideration, as information may have evolved since then. We strongly advise readers to verify updated details directly with the company before making any decisions, as the readers must be aware of and willing to accept the inherent risks involved in utilizing this information.

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FX1299232315
more than one year
I had a very bad investment experience with this company. They talk very nicely every day but never delivered my money is gone do the drain. Don't trust them... They have shut down their site...
2023-03-01 12:05
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