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POLO INVEST -

Score

1.52 /10
Danger

POLO INVEST

Mexico

5-10 years

Suspicious Regulatory License

High potential risk

https://www.poloinvest.com

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Score

Regulatory Index0.00

Business Index7.08

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

POLO INVEST

Company Abbreviation

POLO INVEST

Platform registered country and region

Mexico

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

POLO INVEST · Company summary

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.

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legion
more than one year
I would not recommend POLO INVEST to new traders as their minimum deposit requirement of $10,000 is too high. Additionally, their lack of regulation and average trading conditions do not make them stand out in the market. Overall, I believe there are better options for traders out there. Don’t waste your time here.
I would not recommend POLO INVEST to new traders as their minimum deposit requirement of $10,000 is too high. Additionally, their lack of regulation and average trading conditions do not make them stand out in the market. Overall, I believe there are better options for traders out there. Don’t waste your time here.
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2023-03-22 16:06
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