InvestMarkets Review 2024: Is It Worth It?

Homepage vibe: InvestMarkets

Summary of InvestMarkets

InvestMarkets is a zero-commission broker, boasting a sleek dashboard and minimalistic trading features.

Where most brokers offer a dizzying array of investment opportunities, InvestMarkets instead focuses on the essential.

Based on the platform’s features, offerings, and overall feel, InvestMarkets earns a TB score of 7.7 out of 10.

Traders can also explore the platform using MetaTrader 4 on Android or iOS.

Why choose InvestMarkets?

Pros and Cons

Like many other forex brokers, InvestMarkets offers its users a demo account. What’s different, however, is that the demo account shows live prices and can be accessed with a single click.

Access to top CFDs: InvestMarkets

Evaluating High Impact Factors

InvestMarkets surpasses its competitors when it comes to educating users. It provides traders with videos, webinars, relevant trading-specific tools, forex trading tips, and tons of other resources to help them navigate the market.

Schedule for webinars: InvestMarkets

Trade with InvestMarkets If:

• You want a reliable broker with an extensive selection of assets
• You’re primarily interested in trading forex and CFDs
• You’re looking for a broker that gives you the resources to learn about trading and improve your skills

Trading options on offer

Don’t Trade with InvestMarkets If:

• You’re bothered by high spreads (I’ve tested several brokers, and the spreads on InvestMarkets are definitely some of the most intense)

Account types and high spreads

Verified Office Address

InvestMarkets is handled by Arvis Capital Limited, an investment firm with a physical address at:

• Unit 203, No. 16 Corner Hutson and Eyre Streets, Blake Building, Belize

InvestMarket works closely with Toumpaka Limited for its payment-related services.

Security Standards

InvestMarkets keeps things simple when it comes to its security posture.

Regulation

InvestMarkets is licensed by the International Financial Services Commission. This licensing requires strict measures like investor protection, insured funds, and anti-money launder (AML) standards to safeguard traders and their earnings.

Security

InvestMarkets also protects users and their accounts with built-in security features, including:

• SSL encryption for data security
• Advanced encryption protocols
• Two-factor authentication

Expert Opinions on InvestMarkets

Like many forex brokers, InvestMarkets has attracted mixed reviews online. Here are a few to consider:

“this is a scam trading platform.”

Maria Kharla Rodriguez, Trader

User testimonial: YouTube

“My withdrawal is still pending; do not make your decision yet.”

Richard Garcia, Trader: YouTube

User testimonial 2: YouTube

Expert Review of InvestMarkets

I was intrigued by the minimalistic features promised by InvestMarkets. So, I decided to test them myself. Here’s what impressed me the most.

Trading Instruments

There are 300+ trading instruments on offer — forex pairs, cryptocurrencies, and CFDs (stocks, indices, and commodities). The maximum leverage you can get here is 1:500.

I tried out the Advanced Trades section and was pleased to find that the platform supports different order types, like take profit, stop loss, market, and limit.

Here’s a glimpse at some of the stock CFDs available on InvestMarkets:

Stock CFDs: InvestMarkets

Once you signup and login, the left side of the screen will have all the assets listed for you to check.

Multiple Account Types

InvestMarkets has four account types you can choose from: Basic, Gold, Platinum, and VIP.

Account types: InvestMarkets

Each is based on the amount you deposit into your account and offers different perks. The VIP account unlocks some impressive features, but the deposit threshold of $250,000 will keep it out of reach of most traders.

Educational Resources

InvestMarkets comes loaded with useful educational resources. It’s a one-stop shop for users who want to learn the ins and outs of trading.

The educational materials also come in a number of handy formats:

• CFD glossary
• eBooks
• Webinars and video-based insights
• Technical analysis and related info

Educational tools and videos: InvestMarkets

But one of the best educational resources is the demo account. It’s a great way for users to get hands-on experience with trading, but without any risk to their actual funds. I found it a pleasure to work with, and it uses live prices so you get a very accurate simulation of trading and investing.

Signing Up with InvestMarkets

InvestMarkets has a great signup flow for a forex broker. To start, simply hit “Sign Up” and fill in the essential details. That will immediately take you to the dashboard.

The signup flow: InvestMarkets

You won’t need to go through KYC verification to make a deposit. So once you sign up, you can fund your account and start trading immediately.

Still, it’s advisable to verify your credentials first. This will involve uploading a government-issued ID and providing a proof of residence.

Document verification needs

InvestMarkets Dashboard

The trading dashboard of InvestMarkets is packed with trader-friendly options, allowing you to view all the available, tradable assets in one place. The right side of the screen displays all the necessary details about any given asset.

There’s also a built-in set of calculators to help you identify the probable profit margin, leverage, and other important factors.

And you can navigate to the Trade History section to check all your completed, ongoing, or open trades.

InvestMarkets dashboard

Deposit and Withdrawal Methods

I personally prefer using a broker that supports credit card account funding, but not all do. InvestMarkets does, and this makes for a seamless funding process.

If you’d rather not use a credit or debit card, you can also deposit funds using e-wallets or bank transfers.

There is a minimum deposit amount is $200, which can be particularly steep for some users.

Funding your account: InvestMarkets

There is also a $120 minimum for withdrawals using bank transfers. Withdrawal requests take 24 hours to process, so don’t wait until the last minute.

Deposits are free, whereas withdrawals will have fees, depending on the method you use:

• Bank transfer: $30 flat fee
• Credit or debit card: 3.5%
• Perfect Money or Skrill: 2%

The Basic and Gold accounts do come with one free withdrawal, however. Platinum accounts come with three, while VIP users get no withdrawal fees whatsoever.

Trading Conditions

InvestMarkets charges zero trading commissions, regardless of the order. Instead, it makes money via spreads. Those spreads depend on the type of account you’re using:

• Basic: 3.0 pips
• Gold: 2.7 pips
• Platinum: 2.1 pips
• VIP: 1.6 pips

If you wish to trade commodities, the maximum floating spread for Crude Oil is $0.12.

Withdrawal-specific overheads

How to Start Trading with InvestMarkets

To start trading on InvestMarkets, go to the web interface to register an account and deposit funds into it. Once that’s done, you can also download their dedicated iOS or Android app if you want to be able to trade wherever you go.

Here are the traits for each interface.

Mobile app offering a portable experience

Android App

• Fast market execution
• One-tap access to all the financial instruments

iOS App

• User-friendly interface
• Easy KYC validation process
• Fast deposits and withdrawals

Web Interface

• Massive visual real estate
• Detailed instrument-based info
• Multiple trading tools
• Access to MT4 web interface
• An intuitive set of trading tools and instruments

Besides these, InvestMarkets also offers a collaborative environment with TradingCentral, TipRanks, and the trading-focussed MetaTrader 4. These offer additional features (like automated trading support) that are accessible through the web or mobile versions of the platform.

Useful Tools for Traders

InvestMarkets users will have access to:

• Sentiment analysis via TipRanks
• Market analysis reports via Trading Central
• Multiple calculators
• An economic calendar

Economic calendar for traders

Regardless of the account type, every user is also assigned an account manager.

Calculators

Dedicated account manager

Investing Opportunities

This is where InvestMarkets’ minimal approach comes through. It doesn’t offer a variety of investment opportunities to its users. Rather, its focus is entirely on trading, with leverage and detailed asset info.

Trading calculators

InvestMarkets Affiliate Program

At the time of writing, InvestMarkets does not have an affiliate program.

As far as I could tell, this CFD and forex broker has not announced any plans to launch one, either.

Customer Support

InvestMarkets doesn’t skimp on the customer support. You can access their support team through:

• Livechat support
• Email support
• Support forum
• Phone support

Multilingual support is also offered to better serve users who aren’t native English speakers.

I tried the livechat feature and was impressed by how promptly they responded to me. They informed me about the dedicated account managers the platform provides each user and communicated in a clear and friendly manner.

State of customer support: InvestMarkets

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