Investax
Pros and Cons
Pros
- Diverse range of trading instruments including Forex, stocks, indices, and commodities
- Accessible TradingView platform for web and mobile
- Multiple account types catering to different trader needs
- Flexible deposit and withdrawal options
- Demo account available for practice trading
Cons
- Not regulated by any recognized financial authority
- Lack of specific measures to protect client funds
- Limited trading platform options (only TradingView available)
- Potential withdrawal fees for certain payment methods
- Inaccessibility of website may hinder user experience
Basic Information
User Reviews
Investax Overview
Investax is a forex broker established in the United Kingdom, operating for a period of 2-5 years. While it offers a variety of trading instruments, including currencies, stocks, indices, and commodities, it is important to note that Investax operates without regulatory oversight, which may raise concerns for potential traders seeking a secure trading environment. The broker’s official website can be accessed for more information on its offerings.
Is Investax Safe? Regulation Analysis
Regulatory Information
Investax is not regulated by any recognized financial authority. This lack of regulation raises significant concerns for potential traders regarding the safety and security of their investments. Trading with an unregulated broker like Investax can expose clients to various risks, including the absence of investor protection mechanisms and a higher potential for fraudulent activities.
Is Investax Regulated and How Are Client Funds Protected?
As Investax operates without regulatory oversight, there are no specific measures in place to protect client funds. Traders should be aware that engaging with an unregulated broker can lead to substantial risks, including the possibility of losing their investments without recourse to regulatory protections.
Trading Products and Services
What Trading Instruments Does Investax Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | Varies |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
Investax offers a diverse range of trading instruments across multiple asset categories, including Forex, commodities, indices, stocks, and cryptocurrencies. This variety caters to different types of traders, from beginners who may prefer trading popular stock and currency pairs to more experienced traders looking to diversify their portfolios with commodities and cryptocurrencies. The availability of various markets allows users to implement flexible trading strategies, providing opportunities for both short-term trading and long-term investment. By supporting multiple asset classes, Investax aims to meet the diverse needs of its clientele and facilitate effective market participation.
Account Types and Trading Conditions
What Account Types and Fees Does Investax Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Accessible trading options, user-friendly interface | Suitable for small-capital practice |
| Professional Account | Experienced traders | Potential for higher leverage, advanced trading tools | Requires trading volume qualifications |
| Corporate Account | Corporate clients | Customized services, tailored trading solutions | Requires corporate documentation |
| Islamic Account | Traders seeking swap-free options | Complies with Sharia law | Available upon request |
| Demo Account | New traders | Practice trading without real funds | Ideal for testing strategies |
Account Opening Process
To open an account with Investax, traders must submit personal, employment, and financial information. This includes providing identity verification documents such as a government-issued ID and proof of address. The process is designed to ensure the authenticity of users. Additionally, there is flexibility to upgrade to a professional account later on, depending on trading activity and experience.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | Varies | $0 | Competitive spreads for popular pairs |
| CFDs (Stocks, Indices, Commodities) | Varies | $0 | Transparent pricing for various instruments |
| Cryptocurrencies | Varies | $0 | Dynamic spreads based on market conditions |
Other Fees
Investax may charge fees related to deposits and withdrawals, which can vary based on the method used. Additionally, there may be inactivity fees for dormant accounts. Traders should also be aware of potential overnight interest (swap rates) and currency conversion fees that might apply when trading different assets across various markets.
Trading Platforms and Apps
What Trading Platforms and Apps Does Investax Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| TradingView | Web (Windows, macOS), Mobile (iOS, Android) | Login security (encryption), market search (symbol lookup), multiple order types, price alerts, technical indicators | Demo account available |
Investax provides the TradingView platform, which is accessible on both web and mobile devices. This platform is equipped with essential features such as encryption for secure logins, a market search tool, and various order types. The mobile app enhances convenience, allowing for trading on-the-go, while the platform’s alert features help traders stay updated on market movements. By offering a demo account, Investax enables new traders to familiarize themselves with the trading environment without financial risk.
The TradingView platform is well-suited for users who prefer a web-based experience with robust graphical tools. The mobile compatibility ensures that traders can manage their accounts and execute trades conveniently from anywhere. Overall, Investax supports secure trading, fast order execution, and efficient market search tools, catering to the needs of its diverse client base.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min 50, Max 20k/day | GBP, USD, EUR |
| Credit/Debit Card | Instant | No platform fee | Min 50, Max 10k/day | GBP, USD |
| Cryptocurrency | Instant | No platform fee | Min 50, Max 5k/day | GBP, USD |
| E-wallets | Instant | 1.5% charge | Min 50, Max 10k/day | GBP, USD |
Minimum Deposit
Investax requires a minimum deposit of £50 to open an account. This minimum deposit is consistent across all payment methods and account types.
How to Withdraw
- Log in to your Investax account.
- Navigate to the withdrawal section in your account dashboard.
- Select your preferred withdrawal method.
- Enter the amount you wish to withdraw.
- Submit your withdrawal request.
- Await confirmation of your withdrawal, which will be processed according to the chosen method’s timeline.
Customer Support
Investax Customer Support Overview
Support Channels
Investax offers several contact methods to assist its customers. Traders can reach out via email at support@loream.io for inquiries or assistance. Additionally, Investax provides customer support through telephone contact, ensuring that users have direct access to help when needed. Currently, there are no indications of live chat or social media support channels available.
Service Availability
Customer support is available during business hours, providing assistance to traders primarily on weekdays. While the specific hours are not detailed, it’s important for users to be aware of the availability when seeking help. Multilingual support options have not been specified, indicating that customers should expect support primarily in English.
Frequently Asked Questions
Investax is not regulated by any recognized financial authority, which raises significant concerns regarding fund security. As a result, there are no specific measures in place to protect client funds, and traders should be aware of the inherent risks associated with trading through an unregulated broker.
Investax offers a diverse range of trading instruments, including Forex (major pairs), commodities (such as gold and oil), indices (like S&P 500 and NASDAQ), stocks from the US and UK, and cryptocurrencies (including BTC and ETH). This variety allows traders to implement various trading strategies.
Investax offers several account types, including Retail Accounts for beginners, Professional Accounts for experienced traders, Corporate Accounts for corporate clients, Islamic Accounts for those seeking swap-free options, and Demo Accounts for practice trading. Each account type has unique characteristics tailored to different trader needs.
Investax provides customer support via email at support@loream.io and through telephone contact. While specific business hours are not detailed, support is primarily available on weekdays. However, there are currently no live chat or social media support options.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.