InvestPlus Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-12-07 17:47

Abstract：InvestPlus is Vietnam-based broker, with the company behind it not disclosed to all. Vietnam is a place lack for accountability of financial authorities, but that has not stopped many Vietnamese moving into forex trading. InvestPlus clearly does not fall under any regulatory agency. Traders should take extra vigilance when investing with this broker, or just stay away from this broker.

　　General Information & Regulation

　　InvestPlus is Vietnam-based broker, with the company behind it not disclosed to all. Vietnam is a place lack for accountability of financial authorities, but that has not stopped many Vietnamese moving into forex trading. InvestPlus clearly does not fall under any regulatory agency. Traders should take extra vigilance when investing with this broker, or just stay away from this broker.

　　Market Instruments

　　Tradable financial instruments available on the InvestPlus platforms are quite limited, only currency pairs, commodities and CFDs.

　　Minimum Deposit

　　InvestPlus seems to require a minimum deposit of $200 or 4600,000 VND. Although this sounds reasonable, traders are not advised to register real trading accounts here given the fact that InvestPlus is not subject to any regulation.

　　Leverage

　　In terms of trading leverage, the maximum leverage level offered by InvestPlus is up to 1:100.

　　Spreads & Commission

　　Spreads offered by InvestPlus is wide, with the spread on the EUR/USD pair is 4 pips, more than twice the amount of the industry standard. Trading costs on the platform seems excessively high.

　　Trading Platform Available

　　In terms of trading platforms available, InvestPlus offers CQG Desktop, CQG Mobile, CQG QTrader.

　　Customer Support

　　The InvestPlus customer support can be reached through telephone: 024 3565 9222, email: info@commo.vn, as well as Facebook, Zalo, and youtube.