Score

7.03 /10
Good

Invast Global

Australia

10-15 years

Regulated in Australia

Market Making(MM)

Suspicious Scope of Business

High potential risk

C

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Comparison

Quantity 7

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Time Machine
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Score

Regulatory Index8.11

Business Index8.23

Risk Management Index0.00

Software Index7.30

License Index8.11

The WikiFX Score of this broker is reduced because of too many complaints!
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Broker Information

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Company Name

Invast Financial Services Pty Ltd

Company Abbreviation

Invast Global

Platform registered country and region

Australia

Company website

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WikiFX Risk Alerts
Previous Detection : 2024-12-22
  • The number of the complaints received by WikiFX have reached 6 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

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    Invast Global · Company summary
    Aspect Information
    Company Name Invast Global
    Registered Country/Area Australia
    Founded Year 2013
    Regulation Regulated by the Commonwealth of Australia Regulatory Authority
    Minimum Deposit AUD $5,000
    Maximum Leverage 1:30
    Spreads Starting from 0.2 pips
    Trading Platforms Flextrade MaxxTrader and IRESS, MT4, MT5
    Tradable Assets Single Stock and ETF Synthetics, Equity Algorithm Suite, FX and Precious Metals, Index and Commodity
    Account Types Retail Account, Sophisticated Account, Wholesale Account
    Customer Support Phone: +61 2 9083 1333.Email: support@26degreesglobalmarkets.com.
    Deposit & Withdrawal Bank transfers
    Educational Resources Online courses, tutorials, webinars, articles

    Overview of Invast Global

    Headquartered in Japan and Australia, Invast Global boasts a rich history dating back to 1960 in Japan and its establishment in Australia in 2013. Regulated by the Commonwealth of Australia Regulatory Authority, it adheres to stringent industry regulations, assuring traders of a secure trading environment.

    Invast Global offers a wide spectrum of trading assets across various hedge fund asset classes. Traders benefit from a versatile array of options, including synthetic trading of individual stocks and ETFs, an Equity Algorithm Suite for precision trading, FX and precious metals for global currency and commodities exposure, and access to indices and commodities.

    Overview of Invast Global

    Is Invast Global legit or a scam?

    Invast Global is regulated by the Commonwealth of Australia Regulatory Authority,ensuring compliance with relevant regulations in the virtual currency exchange industry. The regulatory details for Invast Global are as follows:

    • Regulatory Authority: Commonwealth of Australia Regulatory Authority

    • Current Status: Regulated

    • License Type: Market Making (MM)

    • License No.: 438283

    • Licensed Institution: INVAST FINANCIAL SERVICES PTY LTD

    Is Invast Global legit or a scam?

    Pros and Cons

    Pros Cons
    Regulated by the Commonwealth of Australia Regulatory Authority Limited Payment Method
    Diverse Trading Assets Minimum Deposit Required
    Multiple Account Types Limited Leverage
    Educational Resources
    API Solutions

    Pros:

    1. Regulated: Invast Global is regulated by the Commonwealth of Australia Regulatory Authority, ensuring that it operates in compliance with industry regulations.

    2. Diverse Trading Assets: Invast Global offers a wide range of trading assets across various hedge fund asset classes. This diversity allows traders to access different markets and instruments, enhancing opportunities for portfolio diversification.

    3. Multiple Account Types: Invast Global provides various account types tailored to different trading preferences and experience levels.

    4. Educational Resources: Invast Global offers a comprehensive set of educational resources, including online courses, tutorials, webinars, and articles.

    5. API Solutions: Invast Global provides FIX and REST API solutions, enabling clients to connect to proprietary or third-party GUIs and implement algorithmic trading strategies.

    Cons:

    1. Limited Payment Method: Invast Global exclusively supports bank transfers as the method for depositing funds. Credit card and other third-party payment options are not accepted, potentially limiting convenience for some traders.

    2. Minimum Deposit Required: Invast Global imposes a minimum deposit requirement of AUD $5,000. While this minimum may be reasonable for some traders, it could be considered relatively high by those looking to start with smaller capital amounts.

    3. Limited Leverage:The maximum leverage offered by Invast Global is 1:30. While this level of leverage aligns with regulatory requirements, it may be lower than what some experienced traders are accustomed to with other brokers.

    Market Instruments

    nvast Global offers a diverse range of trading assets across various hedge fund asset classes, catering to the needs of traders and investors:

    Single Stock and ETF Synthetics: Traders can engage in synthetic trading of individual stocks and Exchange-Traded Funds (ETFs). These derivatives enable traders to speculate on price movements without owning the underlying assets, allowing for increased flexibility in trading strategies.

    Equity Algorithm Suite: Invast Global provides access to an Equity Algorithm Suite, empowering traders with algorithmic trading strategies designed for the equity market. These algorithms can enhance trading efficiency and execution precision.

    FX and Precious Metals: The platform offers a wide selection of foreign exchange (FX) currency pairs and precious metals, allowing traders to participate in the global currency and commodities markets. These markets are known for their liquidity and potential for diversification.

    Index and Commodity: Invast Global provides access to various indices and commodities, enabling traders to trade on the performance of entire markets or specific commodities like gold, oil, and more.

    With this comprehensive range of trading assets, Invast Global equips traders with the tools and opportunities to diversify their portfolios and pursue their investment goals across different asset classes.

    Market Instruments

    Account Types

    Invast Global offers four distinct account types to cater to a wide range of traders, each with its own set of account conditions:

    1. Retail Account: Invast Global's Retail Account is designed for individual traders. It offers a leverage of 1:30, competitive spreads starting from 0.2 pips, a minimum deposit requirement of AUD $5,000, and a margin requirement of 20%. The Gross Exposure Limit at the account level is 500k Base CCY, and for a single position, it's 250k Base CCY. Additionally, commissions for trading on the Base ASX are set at 6 basis points (bps).

    2. Sophisticated Account:The Sophisticated Account is tailored for experienced traders. It provides the same 1:30 leverage, competitive spreads from 0.2 pips, and a minimum deposit of AUD $5,000 as the Retail Account. However, the margin requirement is reduced to 10%. The Gross Exposure Limit at the account level is 3 million Base CCY, and for a single position, it's 1 million Base CCY. Commissions for trading on the Base ASX are set at 5.5 basis points (bps).

    3. Wholesale Account:The Wholesale Account type caters to wholesale traders. Like the other two account types, it offers 1:30 leverage, competitive spreads starting from 0.2 pips, and a minimum deposit of AUD $5,000. The margin requirement is also 10%. The Gross Exposure Limit at the account level is 5 million Base CCY, and for a single position, it's 1 million Base CCY. Commissions for trading on the Base ASX are set at 5 basis points (bps).

    These account types provide flexibility and options to traders with varying levels of experience and trading needs.

    Account Conditions Retial Sophisticated Wholesale Funds & Offices
    Leverage 1:30 1:30 1:30 1:30
    Spread Starting from 0.2 pips Starting from 0.2 pips Starting from 0.2 pips Starting from 0.2 pips
    Minimum deposit AUD $5,000 AUD $5,000 AUD $5,000 AUD $5,000
    Margins 20% 10% 10% 10%
    Gross Exposure Limit Account Level 500k Base CCY 3 million Base CCY* 5 million Base CCY* Subject to negotiation
    Gross Exposure Limit Single Position 250k Base CCY 1 million Base CCY* 1 million Base CCY* Subject to negotiation
    Commissions - Base ASX (bps) 6 5.5 5 Subject to negotiation
    Financing - Base ASX (bps) 345 320 275 Subject to negotiation
    Account Types

    How to Open an Account?

    Opening an account with Invast Global is a straightforward process. Here are six concrete steps to guide you through the procedure:

    1. Visit the Invast Global Website: Start by visiting the official Invast Global website at https://www.invast.com.au.

    2. Choose Account Type: Select the type of trading account that suits your needs. Invast Global typically offers different account types based on the trader's preferences and trading style.

    3. Complete the Online Application: Fill out the online application form with accurate personal and financial information. This typically includes your name, contact details, financial status, and trading experience.

    4. Identity Verification: As part of the regulatory requirements, you will need to provide proof of identity and address. Prepare a valid government-issued photo ID (e.g., passport or driver's license) and a recent utility bill or bank statement that verifies your address.

    5. Submit the Application: Review the information provided in the application form and ensure its accuracy. Once satisfied, submit the application for processing.

    6. Account Approval and Fund Deposit: After submitting your application, Invast Global will review and approve your account. Once approved, you can fund your trading account using the preferred deposit method, which typically involves bank wire transfer.

    Open an Account

    Leverage

    Invast Global offers leverage up to a maximum of 1:30 as per ASIC requirements.

    Spreads & Commissions

    Invast Global offers competitive spreads, with rates beginning at just 0.2 pips for EUR/USD. Traders can anticipate tight spreads when trading with Invast Global, starting from as low as 0.2 pips for the EUR/USD pair. Additionally, traders should be aware of other associated fees, primarily commissions, which vary depending on the type of account they select. The commission structure is as follows:

    Retial Sophisticated Wholesale
    Commissions - Base ASX (bps) 6 5.5 5

    Trading Platform

    Invast Global provides a diverse selection of multi-asset trading platforms designed to cater to different trading preferences. These platforms include Flextrade MaxxTrader, IRESS, MT4, and MT5, offering traders a range of options to choose from.

    • Flextrade MaxxTrader and IRESS: These platforms offer traders access to a wide array of financial instruments and provide advanced trading tools. Flextrade MaxxTrader is known for its flexibility, while IRESS offers a comprehensive suite of trading features.

    • MT4 and MT5: MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are popular choices for retail traders. They provide robust charting tools, technical indicators, and support for algorithmic trading through expert advisors.

    In addition to these platforms, Invast Global offers FIX and REST API solutions. These APIs enable clients to connect to either proprietary or third-party graphical user interfaces (GUIs), enhancing flexibility. Moreover, these API solutions support various algorithms and automated trading strategies, allowing traders to implement and customize their trading approaches.

    Invast Global's platform offerings focus on providing versatility and choice to traders, allowing them to select the most suitable platform that aligns with their trading needs and strategies. The availability of API solutions further supports algorithmic and automated trading, enhancing the trading experience for clients.

    Trading Platform

    Deposit & Withdrawal

    Invast Global exclusively supports bank transfers as the method for depositing funds. Unfortunately, credit cards and other third-party payment options are not accepted. Traders can make deposits in various currencies, including EUR, USD, GBP, AUD, and more.

    Deposit & Withdrawal

    Traders are required to make a minimum deposit of 5,000 AUD when opening an account with Invast Global. At the current exchange rate, this is equivalent to 55,000 ZAR in South African rand.

    Account Conditions Retial Sophisticated Wholesale Funds & Offices
    Minimum deposit AUD $5,000 AUD $5,000 AUD $5,000 AUD $5,000

    There are no indications of deposit fees being charged for the minimum deposit or subsequent deposits. Invast Global is dedicated to offering transparent and fee-free deposit options. Additionally, Invast Global does not impose any withdrawal fees.

    The processing time for deposits can vary based on several factors, including the timing of the deposit (day of the week, date, and time) and the internal processes of both the trader's bank and Invast Global. Typically, bank wire transfers may take between one and several business days for the deposited funds to reflect in the trading account.

    Customer Support

    Invast Global provide 24/5 customer support via phone, email and online chat. To contact Invast Global's customer support team, you can utilize the following details:

    • Phone: Call +61 2 9083 1333.

    • Email: Send an email to support@26degreesglobalmarkets.com.

    These contact options are available to connect with their expert team for inquiries and assistance. You may also consider using the contact form provided on their website for further communication. Rest assured, your queries will be addressed promptly.

    Customer Support

    Educational Resources

    Invast Global provides a range of educational resources to support traders in their quest to gain knowledge about trading. These resources encompass:

    1. Online Courses: Invast Global offers online courses that cover a wide spectrum of trading topics. These courses are designed to provide traders with a structured learning experience, allowing them to deepen their understanding of trading concepts at their own pace.

    2. Tutorials: The platform includes tutorials that serve as practical guides for traders. These tutorials may cover topics like trading strategies, platform navigation, and risk management, offering traders valuable insights into the mechanics of the financial markets.

    3. Webinars: Invast Global conducts webinars where experts share their insights and knowledge about various aspects of trading. These live or recorded sessions allow traders to stay updated on market trends, trading techniques, and relevant news.

    4. Articles: Traders can access a collection of articles that explore different aspects of trading. These articles may provide analysis, market insights, and explanations of key trading concepts, serving as a supplementary source of information.

    Educational Resources

    Conclusion

    In summary, Invast Global is a reputable broker with a long history of operation. Regulated by the Commonwealth of Australia Regulatory Authority, it ensures compliance with industry regulations, providing a secure trading environment. Invast Global offers a diverse range of trading assets across various hedge fund asset classes, allowing traders to diversify their portfolios and pursue their investment goals.

    The availability of synthetic trading, an Equity Algorithm Suite, FX, precious metals, indices, and commodities caters to a wide range of trading preferences. However, it's worth noting that Invast Global has limited payment methods and a relatively high minimum deposit requirement of AUD $5,000. Leverage is capped at 1:30, which may not be suitable for all traders.

    FAQs

    Q: How do I open an account with Invast Global?

    A: To open an account with Invast Global, visit their official website, choose your preferred account type, complete the online application, undergo identity verification, and submit the application. Once approved, fund your trading account.

    Q: What is the minimum deposit required at Invast Global?

    A: The minimum deposit required at Invast Global is AUD $5,000, providing access to various account types and trading opportunities.

    Q: What trading platforms are available at Invast Global?

    A: Invast Global offers a range of trading platforms, including Flextrade MaxxTrader, IRESS, MT4, and MT5, catering to different trading preferences.

    Q: Can I access educational resources at Invast Global?

    A: Yes, Invast Global provides educational resources such as online courses, tutorials, webinars, and articles to enhance traders' knowledge and skills.

    Q: Is Invast Global regulated?

    A: Yes, Invast Global is regulated by the Commonwealth of Australia Regulatory Authority, ensuring compliance with industry regulations and providing a secure trading environment.

    Q: Are there any withdrawal fees at Invast Global?

    A: No, Invast Global does not impose withdrawal fees, offering transparent and fee-free withdrawal options for traders.

    User Reviews

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    dfgh007
    more than one year
    The platform feels clunky, and I've had my fair share of technical issues. It's like they're stuck in the Stone Age of trading. Plus, their customer support? Non-existent. If you're considering trading with them, think long and hard before diving in.
    The platform feels clunky, and I've had my fair share of technical issues. It's like they're stuck in the Stone Age of trading. Plus, their customer support? Non-existent. If you're considering trading with them, think long and hard before diving in.
    Translate to English
    2024-02-23 17:01
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    币凡
    more than one year
    I've had a positive experience with Invast Global and would recommend them to other traders. Competitive spreads, the wide range of markets they offer for trading, order execution is also quick.
    I've had a positive experience with Invast Global and would recommend them to other traders. Competitive spreads, the wide range of markets they offer for trading, order execution is also quick.
    Translate to English
    2023-02-27 11:26
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