Investingpro
Pros and Cons
Pros
- Established in 1999
- Offers demo accounts for practice
- Trading platforms: MT4 and Status
- Diverse payment options available
- Supports multiple asset categories for trading
Cons
- Unregulated status raises concerns
- Inaccessible website affecting trust
- Single account type limits options
- Lack of transparency in operations
- Only email support available for assistance
Basic Information
User Reviews
Investingpro Overview
Investingpro, established in 1999, is a forex broker based in New Zealand. The broker operates under the company name Milton Group LTD and has been providing trading services for approximately 5-10 years. However, it is important to note that Investingpro is unregulated, which raises potential concerns regarding its operational transparency and reliability for traders. Investors should exercise caution when considering this broker for their trading needs, especially in light of its lack of regulatory oversight.
Is Investingpro Safe? Regulation Analysis
Regulatory Information
Investingpro, established in 1999, is a forex broker based in New Zealand. However, it is important to note that Investingpro is unregulated, which raises potential concerns regarding its operational transparency and reliability for traders. Investors should exercise caution when considering this broker for their trading needs, especially in light of its lack of regulatory oversight.
Is Investingpro Regulated and How Are Client Funds Protected?
The broker is not regulated by any recognized financial authority. Trading with an unregulated broker like Investingpro can involve significant risks, including a lack of investor protection and a higher potential for fraud. As such, it is essential for traders to be aware of these risks before engaging with this broker.
Trading Products and Services
What trading instruments does Investingpro offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | Varies |
| Commodities | e.g. Gold, Oil | Varies |
| Indices | e.g. S&P 500, NASDAQ | Varies |
| Stocks | e.g. US, UK | Varies |
| Cryptocurrencies | e.g. BTC, ETH | Varies |
Investingpro provides a diverse range of trading instruments, catering to various trader preferences and strategies. With offerings in Forex, commodities, indices, stocks, and cryptocurrencies, traders can engage in multiple markets and tailor their portfolios to their investment goals. The availability of various asset categories supports both beginner traders looking to explore different options and experienced investors aiming to diversify their holdings. By offering a wide selection of products, Investingpro enables users to employ flexible trading strategies that align with their individual risk tolerance and market outlook.
Account Types and Trading Conditions
What Account Types and Fees Does Investingpro Offer?
| Account Type | Target User Group | Key Characteristics | Applicability Notes |
|---|---|---|---|
| Standard Account | General traders | Single account type | Minimum deposit requirement is unknown |
Account Opening Process
To open an account with Investingpro, traders must submit personal, employment, and financial information. This includes identity verification, which requires providing an ID and proof of address. Additionally, there is flexibility in account management, allowing traders to upgrade to a professional account as their experience and trading volume grow.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | Varies | Varies | Spreads depend on market conditions |
| CFDs (Stocks, Indices, Commodities) | Varies | Varies | Depends on the asset class |
| Cryptocurrencies | Varies | Varies | Market-dependent fees |
Other Fees
The fee structure may include deposit and withdrawal fees, inactivity fees, and potential platform usage fees. Additionally, traders should be aware of any overnight interest (swap rates) and currency conversion fees that may apply when trading with different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Investingpro Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4 | Desktop, Mobile, Web | 2FA, Market Search, Multiple Order Types, Price Alerts, Technical Indicators | Demo Account |
| Status | Web | Login Security, Symbol Lookup, Price Alerts | Demo Account |
Investingpro offers two platforms: MT4 and Status. MT4 is designed for a wide range of devices, supporting both desktop and mobile traders, and includes advanced features suitable for both beginners and experienced traders. Status, being a web-based platform, is visually appealing and user-friendly, making it a good choice for novices, although it may lack some advanced functionalities found in MT4. The broker emphasizes secure logins and efficient market search tools, ensuring traders can manage their activities with relative ease while being alerted in real-time to important market movements.
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 100, Max 10,000/day | USD, NZD |
| Credit/Debit Card | Instant | No platform fee | Min 50, Max 5,000/day | USD, NZD |
| E-Wallet (e.g. Skrill, Neteller) | Instant | 1.5% fee | Min 20, Max 10,000/day | USD, NZD |
Minimum Deposit
Investingpro requires a minimum deposit, which is currently unknown. The deposit requirement may vary depending on the payment method selected and the account type opened by the trader.
How to Withdraw
To withdraw funds from your Investingpro account, follow these steps:
1. Log into your Investingpro account.
2. Navigate to the withdrawal section.
3. Select your preferred payment method for the withdrawal.
4. Enter the amount you wish to withdraw, ensuring it complies with the limits.
5. Submit your withdrawal request and confirm any necessary verification steps.
Customer Support
Investingpro Customer Support Overview
Support Channels
Investingpro provides various contact methods for customer support to assist traders effectively. Traders can reach out via:
- Email: Send inquiries directly to support@investingpro.com.
Service Availability
The customer service at Investingpro is available during business hours, though specific hours are not detailed. It’s advisable for traders to reach out through the email provided for any assistance. Currently, multilingual support details are not specified.
Frequently Asked Questions
No, Investingpro is unregulated, which raises potential concerns regarding its operational transparency and reliability for traders. It is essential for traders to be aware of the risks associated with trading with an unregulated broker.
Investingpro provides a diverse range of trading instruments, including Forex, commodities, indices, stocks, and cryptocurrencies. This variety allows traders to engage in multiple markets and tailor their portfolios to their investment goals.
To withdraw funds from your Investingpro account, log in to your account, navigate to the withdrawal section, select your preferred payment method, enter the withdrawal amount, and submit your request. Make sure to comply with the withdrawal limits.
Investingpro provides customer support via email at support@investingpro.com. However, it is important to note that there are currently no specified business hours or multilingual support options available.
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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.