Note: 770INVEST's official site - https://770invest.org/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What is 770INVEST？
770INVEST is an unregulated trading platform based in Marshall Islands that offers its clients access to a comprehensive suite of financial instruments across various asset classes, such as Forex, CFDs, metals, and cryptocurrencies. It provides several account types with minimum deposit requirements to cater to different investor needs and styles. The platform also provides MT4 trading platforms and accepts email for added convenience.
Pros & Cons
Pros:
Cons:
No Regulation: The lack of valid regulation raises significant safety and trust concerns, as regulatory oversight is crucial for ensuring customer protection and platform transparency. There are also reports of being unable to withdraw and scams, adding to the cons of the platform.
Lack of Information: The company's website is non-functional, suggesting a lack of transparency and reliability.
Is 770INVEST Safe or Scam？
770INVEST currently lacks valid regulation, which raises significant concerns about its safety and legitimacy. Regulatory oversight is crucial for ensuring that a financial services provider operates within established standards and adheres to specific rules and requirements designed to protect investors and clients. Without proper regulation, there is an increased risk of fraudulent activities, scams, and inadequate consumer protection.
Market Instruments
At 770INVEST, traders have access to an extensive array of trading instruments that cover a broad spectrum of asset classes. This includes a comprehensive selection of 68 currency pairs, allowing for diverse forex trading opportunities. Additionally, traders can engage in commodities trading with options such as oil, as well as access to shares and precious metals, enabling traders to build diversified portfolios and seize opportunities across global financial markets.
Leverage
At 770INVEST, traders can utilize a maximum leverage of 1:400, empowering them to magnify their trading positions and potentially enhance their investment opportunities. This heightened leverage ratio provides traders with increased flexibility and the ability to amplify their trading capital, enabling them to potentially capitalize on market movements more effectively.
Trading Platforms
770INVEST offers a trading application for iOS and Android smartphones, boasting features such as selected quotes, market orders (including limit orders), and no execution delays. Additionally, they provide their own web terminal, promising higher profitability and risk minimization. Alternatively, traders can opt for MetaTrader 4 and MT4 Web-Terminal as alternatives to 770INVEST's proprietary developments.
Customer Service
To access support services, 770INVEST offers a variety of contact options, including several phone numbers: +7 (499) 213-09-52 (Moscow code), +44 (15) 19470186 (London code), and +370 (5) 2032982 (Vilnius code). Additionally, Russian customers can utilize a toll-free number: 8-800-505-68-36.
Conclusion
In conclusion, 770INVEST offers diverse trading instruments to cater to different trading needs and allows trading with a high leverage and multiple trading platforms. However, its unregulated status raises significant concerns about its safety and legitimacy. The lack of complete and transparent information about its trading assets, account details, and other service sections can hinder a trader's decision-making process.
Frequently Asked Questions (FAQs)
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 provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
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