2Invest Review 2021: Can I Trust This New Broker?
2Invest is an online forex and CFD broker that has been operating out of Seychelles since 2019. They have a registration with the Financial Services Authority through their parent company, Aronex Corporation Ltd. Many brokers register here to avoid stricter rules from other regulators. Their parent company also operates the broker OInvest. The broker gears itself towards and primarily advertises to clients in Latin and also South American countries.
Relevant Regional Regulator Warns Against 2Invest
Just recently, on December 2nd, 2020, the Financial Market Commission of Chile issued a warning against this broker. The CMF statement declared that 2Invest is not authorized to provide securities intermediation services in Chile. They made it clear that the broker has no registration with the regulator in any way. Above all, this warning is troubling for traders with 2Invest or OInvest, considering the extent to which the broker gears itself towards South American investors.
Trading With 2Invest
2Invest offers many different investment products. They have CFDs on at least a dozen cryptocurrencies. Their CFDs also cover 17 commodities from several key industries. There are nearly 100 stock and also index CFDs available. Their forex selection is above average as well, with 47 pairs in total. Our 2Invest review found their advertised spreads to be attractive, much lower than comparable brokers have to offer.
The broker gives traders access to MetaTrader 4, with the full suite of features that traders know and love. The platform is available through a web application, a desktop application. It can be found on both iOS and Android app stores. The broker doesn’t apply any additional functionality beyond the base offerings of MetaTrader 4. Users can try it out with a free demo account with the broker.
2Invest Trading Accounts
There are three account types at this broker, Silver, Gold, and Platinum. The higher accounts offer better spreads and higher leverage. Even the Silver account starts with 1:200 leverage, much higher than the ESMA limit of 1:30. Platinum accounts have leverage up to 1:500, dangerously high for any uninitiated traders. Setting up a Silver account requires a minimum of $250, with the other accounts requiring larger deposits.
Get Your Deposit Back From Offshore Brokers
A warning from a regulator in one of the markets that the broker is targeting is a bad sign for this broker. Traders would be better off going with a time-tested and trustworthy option. If your deposit with an offshore broker has disappeared, contact us today to investigate your fund recovery options.