WIT Invest-Overview of Minimum Deposit, Leverage, Spreads

General Information

Founded in 2016, WIT Invest presents itself as a forex broker based in Saint Vincent and the Grenadines that provides its clients with the worlds most renowned MetaTrader4 platform, some trading tools, leverage up to 1:100, floating spreads on various tradable assets, as well as a choice of four different account types and 24×7 customer support services.

Market Instruments

WIT Invest advertises that it offers a wide range of trading instruments in financial markets, which include forex, CFDs on indices, shares and precious metals.

Account Types

There are four live trading accounts offered by WIT Invest, apart from demo accounts, namely Start, Business, Gold and VIP. Opening a Start account requires the minimum initial deposit amount of $100, while the other three account types with the minimum initial capital requirements of $1,000, $10,000 and $50,000 respectively.

Leverage

The maximum leverage ratio provided by WIT Invest is up to 1:100. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads

Spreads are influenced by what type of accounts traders are holding. WIT Invest reveals that the average spreads in the Start accounts start from 2.5 pips, the Business accounts from 1.5 pips, the Gold accounts from 1.1 pips and the VIP accounts from 0.7 pips.

Trading Platform Available

When it comes to trading platforms available,WIT Invest gives traders the worlds most widely-used MetaTrader4 platform, available both on desktop and mobile versions. MetaTrader4 is known as one of the most successful, efficient, and competent forex trading software, equipped with multiple professional features and tools, such as built-in indicators, an advanced charting package, Expert Advisor strategies (EA) and more. While with MT4 on mobile versions, trading can be done from anywhere and at any time.

Trading tools

Also, WIT Invest offers its clients some trading tools on its official website, such as Trader Sentiment panel and Economic news. More detailed information can be found in the following screenshot.

Deposit & Withdrawal

WIT Invest accepts deposits and withdrawals via e-wallet WebMoney, VISA, MasterCard and more. The minimum deposit amount is $100. As for the processing time of withdrawal requests, it usually takes up to 7 working days.