POLO INVEST Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-11-22 19:24

Abstract：PoloInvest Limited claims to be based in Hong Kong, but there has already been a warning from Hong Kong regulator Securities and Futures Commission (SFC) that it is actually not located at the given address.

　　General Information & Regulation

　　PoloInvest Limited claims to be based in Hong Kong, but there has already been a warning from Hong Kong regulator Securities and Futures Commission (SFC) that it is actually not located at the given address. Considering that SFC is one of the reputable regulators, the warning should be taken seriously.

　　Markets Instruments

　　PoloInvest offers trading in forex pairs and CFDs on shares, metals, commodities and indices.

　　Minimum Deposit

　　PoloInvest offers three trading accounts: Silver, Gold and Platinum. The minimum initial deposit for opening an basic account, or the Silver account is absurdly high, reaching up to $10,000, while most legit brokers only ask traders to deposit around $100 or even less to activate their trading accounts. In this way, Poloinvest is definitely a scam broker that traders should stay away from.

　　Leverage

　　Poloinvest offers the leverage up to 1:100, which is not that generous compared to many other brokers. since leverage can amplify gains as well as losses, traders should take care when use it.

　　Spreads & Commissions

　　When it comes to spreads and commissions, the spread on the EUR/USD pair is from 1.6 pips, which is in line with the industry standard.

　　Trading Platform Available

　　Like the vast majority of forex brokers, PoloInvest offers the ever popular MetaTrader 4 (MT4) platform, despite the plans of its developer MetaQuotes Software to slowly phase it out. MT4 is the most used trading platform and is popular both among brokers and traders. It is stable and reliable, has many functions, offers API connectivity, supports PAMM and MAMM functionality and has a wide selection of technical analysis and charting tools. It is also user-friendly and supports Expert Advisors and automated trading.

　　Deposit& Withdrawal

　　PoloInvest provide numerous payment options, in addition to the standard bank transfer and card payments. The broker accepts payments through Western Union, PayPal, Neteller, Skrill, FasaPay, UnionPay, YandexMoney, Qiwi, OKPay, PerfectMoney, WebMoney and several others.