INVDOM

Overview of INVDOM

Established in 2020 and based in Australia, INVDOM offers a specialized platform for trading virtual currency CFDs. Unregulated, it focuses on providing access to a wide range of cryptocurrencies, such as BTC and ETH. INVDOM targets a global audience, offering innovative services including hundreds of digital currency trading options and automated asset management via ZAIX Exchange, ensuring flexibility and immediate liquidity for its users. The broker utilizes the MT5 trading platform to furnish a state-of-the-art trading experience for those looking to invest in the digital currency space.

Pros and Cons

INVDOM offers an engaging platform for traders focused on digital currency markets, providing access to a wide variety of cryptocurrency trading opportunities. Its automated asset management service is a standout feature, appealing to both novice and experienced investors looking for managed investment solutions. The inclusion of the MT5 trading platform ensures that users have access to one of the industry's leading trading tools, enabling sophisticated trading strategies and analysis.

However, the absence of regulation by any financial authority raises concerns about the broker's operational oversight and the security of client funds. The focus solely on virtual currency CFDs might not appeal to traders seeking a diversified investment portfolio that includes traditional assets such as commodities and indices. Additionally, INVDOM's operational restrictions, such as the non-support for international bank transfers for deposits and the requirement for withdrawals to adhere to the same method as deposits to comply with AML policies, could hinder its accessibility and convenience for a global clientele. Moreover, INVDOM's service restrictions to residents of certain countries, including major markets like the United States, further limit its potential user base.

Is INVDOM legit or a scam？

INVDOM is a forex broker that operates without the endorsement of any regulatory authority. This lack of regulation implies that INVDOM is not bound by the rigorous standards that govern the conduct of financial institutions, standards that are created to ensure transparency, financial security, and equitable trading conditions.

Products & Services

INVDOM offers its clients an array of trading instruments, primarily focusing on virtual currency CFDs. This includes a broad selection of digital currency trading markets such as Bitcoin (BTC) and Ethereum (ETH), among others. Moreover, INVDOM extends its services to include product management, allowing professionals to manage assets in a fully automated manner starting from minimal amounts. This feature ensures that even those with little to no investment experience can participate in the digital currency market, with the flexibility to cancel investments and execute deposits and withdrawals at any time through the ZAIX Exchange's product management service.

How to Open an Account with INVDOM

1. Email Registration: The first step involves entering your email on INVDOMs platform. Upon doing so, you will receive an email containing your login information, marking the initiation of your account setup process.

2. Basic Information Entry: After receiving your login details, the next step requires you to enter basic information such as your full name and address. This information lays the groundwork for your trading account, ensuring that your profile is set up accurately.

3. Document Submission: To comply with regulatory standards, INVDOM requires the submission of identity verification and address confirmation documents. Acceptable forms of identity verification include a drivers license, passport, or my number card. For address confirmation, you can submit utility bills, bank statements, or any official document listing your address.

4. Document Verification: Once your documents are submitted, INVDOM will review them for verification. This process is crucial for ensuring the security and legality of your account.

5. Account Activation: Following the successful verification of your documents, your account will be activated, granting you full access to INVDOMs trading platform and services. You can then proceed to fund your account and start trading.

Leverage

INVDOM offers its traders leverage up to 100 times, augmenting their trading potential in the digital currency market. This allows traders to operate with larger positions using less capital, enhancing their ability to achieve significant profits.

Spreads & Commissions

INVDOM features a transparent commission model, imposing a fixed rate of $11 for every transaction of 20,000 currency units or 1 lot. Such a model is exclusive to regular trading accounts.

Other Fees

INVDOM offers free account opening and maintenance to facilitate easy access to trading.

For bank transfer deposits, traders are responsible for any bank-related transfer fees. Cryptocurrency deposits via USDT on the TRC20 network incur a 1 USDT plus 3% commission fee.

Bank withdrawals are typically free of broker charges. Cryptocurrency withdrawals attract a fee of 1 USDT and a 3% commission.

Trading Platform

INVDOM offers the MetaTrader 5 (MT5) trading platform, renowned for its advanced functionalities and analytical capabilities. The platform includes an intuitive interface, enriched with detailed analytical tools and over 80 technical indicators for thorough market analysis. MT5 is celebrated for its adaptability, supporting a broad spectrum of trading instruments, including cryptocurrencies, making it an ideal match for INVDOM's various product suite. MT5 is available on desktop, web, and mobile, with applications for Android and iOS devices.

Deposit & Withdrawal

INVDOM facilitates deposits through domestic bank transfers and cryptocurrency, specifically USDT via the TRC20 network, providing an immediate reflection for cryptocurrency deposits. International bank transfers are not supported for deposits, indicating a limitation for overseas clients.

For withdrawals, INVDOM allows clients to utilize either bank transfers or cryptocurrency remittances, adhering strictly to anti-money laundering policies by requiring withdrawals to be made through the same channels as deposits. The broker processes bank transfer withdrawals typically within 3 business days and cryptocurrency withdrawals in approximately 15 minutes, barring any requests submitted after the end of the business day, which are then processed the following day.

Educational Resources

INVDOM enriches its traders' knowledge through the “Blog & News” section. It features a collection of blog posts that analyze global financial markets by examining economic indicators, policy decisions, and market trends across different countries. The content, spanning from May 22 to May 31, 2023, explores various data points including machinery orders, lending rates, and GDP growth, among others. This section effectively serves as an educational tool, equipping traders with a deeper understanding of the factors affecting market movements.

Customer Support

Email:support@invdom.com

Address: Level 16 175 Pitt St, Sydney 2000, NSW

Conclusion

INVDOM emerges as a cryptocurrency-focused broker established in 2020 and operating from Australia, boasting a significant selection of cryptocurrency markets and advanced trading via the MT5 platform. Its unique offering, an automated asset management service, appeals to investors of varying expertise levels. Nonetheless, the absence of regulatory oversight casts a shadow over its operational integrity, with implications for the safety of client assets. Its singular focus on cryptocurrency CFDs might not appeal to those interested in broader investment opportunities. Operational limitations, including the exclusion of international bank transfer support and specific withdrawal protocols, combined with restricted service in significant territories like the USA, may narrow its appeal globally.

FAQs

Q: What trading opportunities does INVDOM provide？

A: INVDOM focuses on virtual currency CFD trading, featuring an extensive selection of markets including Bitcoin and Ethereum among others.

Q: Does any regulatory body oversee INVDOM's operations？

A: No, INVDOM lacks regulation by financial authorities, indicating it does not comply with the protective regulatory measures typical in the industry.

Q: What platform is available for trading with INVDOM？

A: INVDOM utilizes the MetaTrader 5 (MT5) platform, offering sophisticated trading and analytical capabilities.

Q: How are deposits and withdrawals processed at INVDOM？

A: You can deposit via local bank transfer or cryptocurrency, with withdrawals adhering to anti-money laundering protocols, requiring the same method as deposits.

Q: What are the cost implications of trading with INVDOM？

A: Trading involves a fixed $11 commission per transaction for 20,000 currency units or 1 lot, alongside specific fees for some deposit and withdrawal transactions.

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. Readers are strongly advised to verify updated details directly with the company before making any decisions, as the responsibility for utilizing the information herein rests solely with the reader.