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+357 25 262 126
+34 93 030 5126
+351 300 083 287
iTrade Global (CY) Ltd
Pyramid scheme complaint
General Information & Regulation
INVESTFW, a trading name of iTrade Global (CY) Ltd, is allegedly an STP broker registered in Cyprus under registered number HE 335424 that claims to provide its clients with over 200 tradable assets with leverage up to 1:30, variable spreads from 1 pip and no commissions on the Web Trader and mobile apps trading platforms, as well as a choice of four different live account types. Here is the home page of this brokers official site:
As for regulation, it has been verified that INVESTFW is authorized and licensed by the Cyprus Securities and Exchange Commission (License No.298/16). That is why its regulatory status on WikiFX is listed as “Regulated” and it receives an average score of 5.18/10.
INVESTFW advertises that it offers access to more than 200 trading assets, covering CFDs on stocks, forex pairs, indices, commodities, metals and cryptocurrencies.
Apart from virtual accounts, INVESTFW claims to offer four types of live trading accounts, namely Standard, Silver, Gold and Platinum. However, the broker says nothing about the minimum initial deposit requirement.
The leverage offered by INVESTFW is capped at 1:30. 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
INVESTFW claims that different account types can enjoy quite different spreads. Specifically, the spread on the Standard account starts from 2.9 pips, the Silver and Gold accounts have spread from 2.2 pips and 1.5 pips separately, while only the Platinum account holders can enjoy spreads from 1 pip. All charging no commissions.
Trading Platform Available
Platforms available for trading at INVESTFW are Web Trader and mobile apps. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
INVESTFW says to accept deposits via credit/debit cards (Visa, MasterCard, Maestro) and power cash (Sofort, Trustly). There are no deposit fees charged, while withdrawal fees are not directly specified.
As for the processing time of deposit and withdrawal requests, credit/debit card deposits are instant, while power cash deposits require 1-2 business days to be processed. The broker says it usually processes all the withdrawal requests within 24 hours unless additional documents or information are required. However, please note that depending on your selected withdrawal method, the time taken for the funds to be transferred will depend on your payment method. For credit/debit card withdrawals, it will take approximately 4-8 business days for the funds to reach your bank account.
INVESTFWs customer support can be reached by telephone: + (357) 25 262 126 (CY), fax: + (357) 25 262 043 (CY), email: firstname.lastname@example.org or send messages online to get in touch. You can also follow this broker on social networks such as Twitter, Facebook and YouTube. Company address: Gladstonos 99, Elnor Hermes Building, 3rd Floor, 3032 Limassol Cyprus.
Online trading involves a significant level of 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.
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