WikiFX Review: Can InvesaCapital make your money safe?

About InvesaCapital

(Website of InvesaCapital)

Registered in South Africa, InvesaCapital is an online forex broker that is newly established. According to what we know, this broker has two addresses: the first one is 121 Beyers Naude Drive, Roosevelt Park, Randburg, South Africa. The second one is 12 Archiepiskopou Makariou Avenue III, Office No. 201, ZAVOS KRISTELLINA TOWER, 4000, Mesa Geitonia, Limassol, Cyprus. It provides Currencies, Commodities, Indices, Shares, and Cryptocurrencies.

Regulation: Is InvesaCapital legit？

According to WikiFX, this broker is not regulated by any regulatory authority. The CyprusCYSEC regulation with license number: 217/13 claimed by this broker is suspected to be a clone. The FSCA regulation with license number: 640 claimed by this broker is suspected to be a clone. Therefore, the risk of investing in this broker is obvious. WikiFX has given this broker a low score of 1.10/10.

Account Types & Minimum Deposit

InvesaCapital offers four different types of accounts. They are: basic account, gold account, platinum account, and VIP account. The account type is determined by the first deposit amount. For example, a deposit of $250 will set you to the basic account. If you want to try more advanced trading accounts, Gold, Platinum, and VIP account, you need to deposit more, from $ 25,000 to $250,000.

(InvesaCapital)

Trading Platform

This broker neither uses MT4 nor MT5 as its main trading platform, which is another disadvantage InvesaCapital has.

Leverage

When it comes to leverage, InvesaCapital allows its clients to use the leverage of up to 1:500, higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.

Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.

Payment Methods

InvesaCapital supports various payments via wire transfers, credit cards, AstroPay, Callpay, PayR. If you trade with this broker, please use a credit card as that will allow you to file a chargeback within 540 days of the transaction when something goes wrong.

Customer Support

Traders who have any questions or trading-related problems can get in touch with this broker through the following contact methods:

Phone: +27101571933

Email: info@invesacapital.com

Conclusion

InvesaCapital is an unlicensed broker with a low score. We advise you to avoid this broker as possible as you can.