Investago
Basic Information
Pros and Cons
Pros
- Regulated by CySEC
- Diverse customer support channels
- Demo accounts available
- A wide range of products
- Diverse account types
Cons
- High minimum deposit
- Limited info on deposit and withdrawal
- Moderate withdrawal complaints
Is Investago Safe and Legit?
Investago, registered in Cyprus under the name Wonderinterest Trading Ltd since 2016, has been operational for over seven years. The broker offers a range of trading instruments including CFD Forex, CFD Commodities, CFD Indices, and CFD Shares, with leverage up to 1:30 and competitive spreads starting at 0.5 pips for EUR/USD, utilizing platforms like MetaTrader 5 and xStation.
Regulated by the Cyprus Securities and Exchange Commission (CySEC), Investago is considered a safe and legal trading entity within its jurisdiction, although caution is advised regarding its operations in other regions lacking regulatory oversight.
In the market, Investago maintains a generally positive reputation, with users highlighting the quality of customer service and the availability of a demo account. However, feedback indicates concerns regarding the high minimum deposit requirement and varying withdrawal experiences, leading to a moderate frequency of complaints related to transparency and withdrawal processes.
Is Investago a Regulated Broker?
What Are the Regulatory Licenses Held by Investago?
Investago is regulated by the Cyprus Securities and Exchange Commission (CySEC) under the name Wonderinterest Trading Ltd. This regulation provides a legal framework for its operations in Cyprus, ensuring compliance with local financial regulations. While it holds a regulated license in Cyprus, caution is advised for its operations in other regions that may lack regulatory oversight.
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
Investago prioritizes the security of client funds by maintaining them in separately regulated bank accounts, distinct from the broker’s own assets. This segregation of funds aligns with the regulatory requirements set forth by the Cyprus Securities and Exchange Commission (CySEC), ensuring a robust framework for client protection.
Investago Leverage
Investago offers a maximum leverage of up to 1:30 across its trading instruments, consistent with the legal limits established by the CySEC. This leverage is applicable to clients classified as retail, adhering to local regulatory standards and providing a responsible trading environment for all users.
Investago Withdrawal Review
How to Contact Investago?
Investago has received a moderate frequency of complaints primarily related to withdrawal processes, with users expressing concerns about transparency and the handling of funds. Credible sources of these complaints include user reviews and forums, indicating a shared sentiment regarding withdrawal issues. Although the broker maintains a generally positive reputation due to its customer service and demo account availability, there is a notable presence of complaints about high minimum deposit requirements. Currently, there are no significant public complaints or regulatory penalties reported, suggesting a relatively low volume of complaints overall.
Frequently Asked Questions
A1: Yes, Investago is a legitimate broker, regulated by the Cyprus Securities and Exchange Commission (CySEC) under the name Wonderinterest Trading Ltd. This regulation ensures compliance with local financial laws, establishing it as a safe trading entity within Cyprus.
A2: Investago prioritizes client fund security by maintaining them in separately regulated bank accounts, distinct from its own assets. This segregation of funds is in line with the regulatory requirements set by CySEC, ensuring robust protection for clients.
A3: Investago has received a moderate number of complaints regarding its withdrawal processes, with users expressing concerns about transparency and fund handling. While the broker generally has a positive reputation, these withdrawal issues are notable among user feedback.
A4: Investago offers diverse customer support channels, including a phone number at +357 25 010426 and email support at support@investago.com. Additionally, clients can access support during business hours to address their inquiries.
A5: Investago provides a variety of account types to cater to different trading needs. However, it is important to note that the minimum deposit required to open an account is relatively high, which might be a consideration for potential clients.
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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.