PoloInvest-Overview of Minimum Deposit, Spreads & Leverage

POLO INVEST | 2024-11-13 15:05

Abstract：POLO INVEST was registered in 2016 in Mexico. On POLO INVEST, traders can trade forex pairs and crypto CFDs. It uses MT4 as its trading platform, and the leverage can be up to 1:200. However, it is not regulated, and the minimum deposit is as high as $10,000.

Note: POLO INVEST's official website https://www.poloinvest.com/ is currently inaccessible normally.

POLO INVESTReview Summary
Founded	2016
Registered Country/Region	Mexico
Regulation	No regulation
Market Instruments	Forex pairs and CFDs on shares, metals, commodities, indices, cryptos
Demo Account	/
Leverage	Up to 1:200
Spread	Fixed at 2 pips (Silver account)
Trading Platform	MT4
Min Deposit	$10,000
Customer Support	Tel: +52 (55) 8526 1719
Customer Support	Email: support@poloinvest.com

POLO INVEST was registered in 2016 in Mexico. On POLO INVEST, traders can trade forex pairs and crypto CFDs. It uses MT4 as its trading platform, and the leverage can be up to 1:200. However, it is not regulated, and the minimum deposit is as high as $10,000.

Pros and Cons

Pros	Cons
MT4 provided	Inaccessible website
Multiple payment options	Lack of regulation
	Wide spreads
	High minimum deposit

Is POLO INVEST Legit?

POLO INVEST is not regulated by the financial services regulatory authority in Mexico, which means that the company lacks regulation from its registration site. Moreover, the current status shows that client transferring is prohibited.

What Can I Trade on POLO INVEST?

Tradable Instruments	Supported
Forex	✔
CFDs	✔
Commodities	✔
Indices	✔
Shares	✔
Cryptocurrencies	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

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.

Account Type	MinDeposit	MaxLeverage	Spread
Silver	$10,000	1:100	2 pips, fixed
Gold	$50,000	1:200	2 pips, fixed
Platinum	$100,000	1:100	1.6 pips, floating

Leverage

Poloinvest offers the leverage up to 1:200, which is not that generous compared to many other brokers. Since leverage can amplify gains as well as losses, traders should take care when using it.

Account Type	Max Leverage
Silver	1:100
Gold	1:200
Platinum	1:100

Spread

Account Type	Spread
Silver	2 pips, fixed
Gold	2 pips, fixed
Platinum	1.6 pips, floating

Trading Platform

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.

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Web, desktop, mobile	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

PoloInvest provides numerous payment options, in addition to standard bank transfer and card payments (VISA, MasterCard). The broker accepts payments through America Express, Neteller, OKPay, PayPal, QIWI, FasaPay, PayU, Skrill, Ukash, Web Money, Union Pay, Western Union.

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