InvestAZ provides a single type of trading account, providing market execution with variable spreads starting from 0.6 pips on EUR/USD and a choice of two popular trading platforms. What is more, micro lots are available for trade.
Besides, there are swap-free (Islamic) accounts available to Muslim investors. These accounts are designed to give everything the basic ones offer, with the main characteristic of no swap points on overnight positions in order to be Sharia compliant.
The Company. Security of Funds
InvestAZ offers trading in more than 100 financial instruments, including around 50 currency pairs and various Contract for Difference (CFDs) on shares, stock indices, precious metals and energy products through the famous MetaTrader 4 (and MetaTrader 5 soon to come). The broker operates on a Straight-through-Processing (STP) policy.
InvestAZ was founded in 2004 in Baku, Azerbaijan. In 2008, the company opened its branch in Istanbul, Turkey and held a license from Capital Markets Board of Turkey (CMB).
Currently Invest AZ Limited, operating the InvestAZ brand is based in New Zealand, registered in the Financial Service Provider Register (FSPR) and as such regulated by the Financial Markets Authority (FMA).
NZ Forex brokers are must adhere to a set of rules. Under the FMA client money rules, brokers are required to segregate all retail client funds from their operational ones. What is more, a minimum capital requirement for forex brokers is about to be introduced in 2016 and they will be required to hold net tangible assets amounting to a minimum of $1,000,000. Currently, however, such requirement does not apply in New Zealand, while it does in most famous FX jurisdictions. Australian forex brokers, for instance, are required to hold a minimum of $1,000,000, and those based in the US – $20 million.
Minimum Initial Deposit
The minimum initial deposit required by InvestAZ is $100. This is a reasonable amount to start trading with, however other brokers, like leading CMC Markets, does not require any minimum deposit.
Commission & Spreads
This broker offers floating spreads, averaged 0.9 pips for the EUR/USD pair. Such spreads are considered competitively low, and what is more, InvesAZ does’t charge any commission.
In comparison, CMC Markets also offers spreads averaged 0.9 pips on EUR/USD, and charges an average commission amounting to 0.10 % of the volume traded. You may check out and compare real-time spreads of 15 leading brokers here.
The maximum leverage level offered by InvestAZ is 1:100, which is relatively low, as most brokers usually offer leverage ratios between 1:200 – 1:400. CMC Markets, for instance, provides leverage up to 1:500. A list of more forex brokers offering leverage levels equal to or exceeding 1:500 may be viewed here.
We advise traders to exercise caution when operating with high leverage, for trading on margin may lead to heavy losses exceeding their initial investments.
InvestAZ offers InvestAZ MT4 is the broker’s customized version of the most widely used Forex trading terminal in the world – MetaTrader 4 (MT4). It comes in as desktop, web and mobile version.
MT4 is globally popular for its innovative, on the go trading capabilities, variety of built-in indicators, advanced charting, automated trade options with Expert Advisor strategies (EA) and extensive back-testing environment. Not to mention its fast and user-friendly technology, designed to let you trade with ease. Here is a list of more forex brokers offering MT4 platform.
The broker announces on its website that soon MetaTrader 5 (MT5) will also be available to real account holders, as currently it may be used only on demo accounts.
InvestAZ also offers MAM accounts to money managers and investors through its InvestOR Investment Platform. It is equipped with a professional and easy-to-use interface for managing multiple accounts simultaneously from one account. Mobile version of the InvestOR platform is also available.
This broker regularly organizes trading contests. Currently the Best InvestOR automated contest is running with $3500 pool prize.
Methods of Payment
InvestAZ’ clients are offered various modes of payment: Credit/debit cards (Visa and MasterCard accepted), bank wire transfer, and the e-wallets: WebMoney and Яндекс деньги, as well as Swift Money transfers.
InvestAZ is looks like a decent broker operating under the licensing and regulation requirements of New Zealand. It offers a variety of trading instruments on a single account type with STP model and tight spreads.
InvestAZ Review Conclusion
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