Thinking of getting into business with InvestAZ? Here is what you must know about this broker. Carefully read this review to find out if Invest-AZ.com is the trading platform you will want to trade with.
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About InvestAZ Broker
InvestAZ is an offshore brokerage company with a lot of promises for traders. The broker location shows it is from Auckland- New Zealand.
There are different account types the broker offers, namely: Mini, Standard, Universal, Pro and VIP. See below.
To clarify, in spite the trading instruments InvestAZ claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
Here is a warning from New Zealand regulator FMA against Invest-AZ.com. See below.
Invest-AZ.com: Reasons to Avoid This Broker
Firstly, Invest-AZ.com is a platform with no financial authority overseeing its financial services. The regulation claim is not legit as Financial Market Authority has blacklisted this broker under its scam alert.
Secondly, we noticed Invest-AZ.com has a free account for traders. We advise you don’t waste your time on that, so you don’t get lured into trading real fund with this unregulated broker.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are cons for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Withdrawal and Deposit
Withdrawal process
Under the withdrawal policy, InvestAZ charges a withdrawal fee of $25 on a withdrawal less than $1000, while $45 is charged on a request greater than $1000. Also, there is a 1% charge on a withdrawal greater than $5000.
Minimum Deposit
The broker minimum deposit is pegged $1000.
As for the payment methods, InvestAZ mentioned nothing on that. Truly, you should not consider making any payment with this broker because it is a risk. So beware!
InvestAZ Platform
InvestAZ claims to offer MT4 and MT5 (Industry standard trading platform) which is quite good for forex trading. However, this offer doesn’t make the broker legit because any scam broker can do the same to lure forex traders.
As for the leverage, it can get up to 1:100. Notwithstanding, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
InvestAZ Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means your money is at risk. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
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Conclusion: Is Invest-AZ.com a Reliable Broker?
No, Invest-AZ.com does not seem like a reliable broker for traders even though it promises offers that look good to be true. The broker has proved to us that relevant information is not a concern to them.
Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
Because we have taken it as a duty to find out scam forex brokers and also share reasons, we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.