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MT4Invest Review - is it scam or safe?

MT4Invest Review - is mt4invest.com scam or good forex broker?

RATING: 1 / 0 REVIEWS MT4Invest
MT4Invest is an offshore broker. Your money is not safe.

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Trading accounts and conditions

 

Trading account Min. deposit  Min. trade size Max. leverage Spread
Mini   $500 0.1 1:200 3.0 pips, fixed
Standard   $1 000 0.1 1:200 N/A
ECN  N/A 0.1 1:200 0-2 pips  + $4 per 1 Lot
Premium  $50 000 0.1 Custom   N/A

 

MT4Invest is a forex and CFD broker that allegedly offers wide range of account types and tradeable products. Its trading conditions may seem favorable, but we don’t recommend this broker because it is not regulated and most likely a scam.

 

 

MT4Invest Advantages

 

MetaTrader 4 allegedly supported, Sirix available

MT4Invest claims to offer the most popular forex trading platform, the MetaTrader 4 (MT4), which is not surprising, given the broker’s name.

 

Supporting trading on any of MetaQuotes’ software – MT4 or MT5 – is always considered as an advantage of any forex broker. Most traders are well-familiar with the tools and features of the MT4, and most notably – its top-notch charting, the support of Expert Advisors, the back-testing environment, the MQL marketplace, and more.

 

Nonetheless, we could not find a downloadable MT4 on MT4Invest’s website, so we are not sure it actually offers the platform.

 

 

 >> Find a better MT4 broker <<

 

 

As regards Sirix, this all-in-one forex and social trading platform Sirix developed by Leverate is very easy to use and offers good charting package. Its main advantage, however, is the “Social Stream” section on the right side of the platform.

 

 

MT4Invest’s Sirix platform in demo mode. Click to zoom in.

 

Solid leverage

MT4Invest offers leverage up to 1:200, and such high “gearing” will suit most trading styles. Yet, keep in mind that leverage should be used with caution as it comes with a significant level risk, should the market move against you.

 

Many tradeable instruments

Another possible benefit of MT4Invest is the fact that it offers a good selection of currency pairs and CFDs on various assets, including indices, commodities and US shares. Sadly, crypto assets which are so popular nowadays, are not available with this broker. Below, you may check our list of licensed brokers, offering Bitcoin CFDs:

 


>> Reliable Bitcoin forex brokers <<

 

 

MT4Invest Disadvantages

 

Unclear corporate situation

Mt4invest.com does not provide neither an address, nor ownership information. Despite our efforts, we could not find the name of the company behind MT4Invest anywhere on its website. Even the Terms and Conditions do not mention a company name. This basically means that their services are anonymous, which is a major red flag.

 

Regulatory warnings against the broker, negative user reviews

Both France's financial markets regulator, AMF, and the financial regulatory body of Spain, the Comision Nacional del Mercado de Valores (CNMV), have warned traders against investing with MT4Invest. The broker is not authorized to offer financial and investment services.

 

According to clients on some forums, the company is a scam and was falsely claiming it is regulated by UK's Financial Conduct Authority. It seems that this broker has swindled a lot of investors out of their money. That being said, you’d better not risk being the next.

 

High spreads

We opened a Sirix demo account with Mt4invest in order to test its spreads for the purposes of its review. And we found the spread on the EUR/USD fixed at 3.0 pips, which is way above than what most brokers offer. For example, easyMarkets offers a spread of 1 pips fixed for this pair.

 

 

>> Compare the spreads of top-tier brokers <<

 

 

Initial deposit too high
Clients of MT4Invest have to deposit at least $500, in order to open a real account with the broker. Such initial investment is quite high when compared to what most brokers require as a start, including reliable and regulated ones.

 

MT4 not freely available for download

As we mentioned above, we could not download the broker’sMT4 platform, so we are not sure that it is really available.

 

 

Conclusion

 

MT4Invest is an unlicensed forex broker with very low credibility, which even has not mentioned the corporate entity that runs it. When trading with such a broker, your entire investment is at risk and it is very likely that you won’t be able to withdraw anything. In contrast, when dealing with a licensed broker, you will be assured a certain level of protection.

 


 >> Trade with a FCA regulated broker <<

 

 

To sum up the strong and weak sides of MT4Invest:

 

Pros Cons
Sirix and MT4 (allegedly) available Unclear corporate situation
Many tradeable instruments Regulatory warnings, negative user reviews
Solid leverage High initial deposit
  High fixed spreads
  MT4 not freely downloadable

 

Latest news about MT4Invest
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Traders` reviews for MT4Invest

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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Summary

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