InvestAZ Review – One Warning Is Not Enough For These Guys It Seems

InvestAZ has been operating an authorized business in New Zealand for a rather short time. Soon, the company would deregister themselves, but keep operating the same website and solicit the same service. For this infraction, InvestAZ was blacklisted by New Zealand’s own FMA.

Now, the company keeps offering leveraged CFD trading to their clients again. This time, they have a license for an Investment Firm, and not a brokerage, meaning they have yet again infringed on their authorization. We will explain everything in more detail in our InvestAZ Review.

InvestAZ Owns A Wrong Kind Of License

Before we delve into the issues with the InvestAZ license, we need to address one particular problem. The company InvestAZ has previously held a domain invest-az.com, which belonged to the New Zealand branch of InvestAZ. The company had voluntarily deregistered themselves, but continued to trade as usual.

This has prompted New Zealand FMA to publish the following warning:

• https://www.fma.govt.nz/library/unregistered-businesses/www-invest-az-com/

There are other issues as well. InvestAZ holds a license in Azerbaijan, issued by CBAR. This license only covers education, guidance and financial advice. The company also offers brokerage services, as their website clearly and openly provides leveraged trading of various CFDs.

This infringes on the InvestAZ license constraints, which you may view in more detail here:

• https://cbar.az/page-200/investment-companies

Furthermore, InvestAZ offers similar brokerage services in Russia and Turkey. Inquiring the databases of Russian CBR and Turkish CMB returned no license information. Unfortunately, this just proves that InvestAZ went back to their old tricks, and as an honest InvestAZ Review, we cannot in good conscience recommend this company to anyone.

Who Uses The AinvestAZ Platform?

The presence of an Azerbaijani license of any kind has been enough to persuade people that InvestAZ is a legitimate brokerage. This firm has been in business since 2004, with their number of clients steadily increasing. 

Users of the InvestAZ platform live in these areas:

• United States
• Turkiye
• Azerbaijan

We have been approached by many traders who have complained about problems with InvestAZ, seeking legal assistance. If you have lost any funds to this brokerage, we offer help with recovery.

InvestAZ Has High Trading Costs

The spreads for Forex pairs is said to be dynamic, starting at 0.6 Pips for EUR/USD. This information was not corroborated by the MT4 platform InvestAZ offers, where the spreads for EUR/USD is 9 Pips, fixed. Max leverage on the website is stated at 1:100, where 1:200 leverage can be found in the trading software.

Any withdrawal of less than $100 will be charged $25, which is the quarter of the entire sum! The larger the amount, the more fee it would incur, ranging from $45 for $1 000 to $5 000, and up to 1% of the total amount withdrawn.

Overall Trading Features At InvestAZ

InvestAZ offers trading features that are quite similar to what other brokerages currently offer. The software used by InvestAZ is industry standard, and there is a good selection of different trading instruments.

No matter how interesting and lucrative these may appear, we need to remember that InvestAZ does not have a proper license for the business they solicit.

InvestAZ Offers Quality Software

InvestAZ offers a couple of trading programs. One of these is the industry standard MT4 software, which has stood the test of time for reliability and functionality. The other program is the Web Trader, which is basic software run through a web browser.

Although MT4 is a reliable trading platform, the InvestAZ distribution of this software does not receive real time market updates. This may be a sign of tampering, or poor data connection. We should remember that many frauds use MT4 as well, like CIBFX for instance.

Full Portable Device Compatibility

Both the MT4 and Web Trader used by InvestAZ are fully compatible with all mobile devices that feature an internet connection. This allows traders to easily check the status of their speculation on the go. When dealing with unlicensed brokers like InvestAZ, this may prove to be a liability more than a tool.

InvestAZ Offers Suspicious Account Types

Most online brokerages offer a variety of trading accounts to cater to the specific needs of their clientele. InvestAZ does something similar, at least when it comes to the availability of multiple accounts.

The problem is, these are so-called tiered accounts, which are much more common with fraudulent companies. These accounts feature larger benefits the more money you deposit to them.

Regulated brokers offer accounts for $10 or less, but take a look at InvestAZ costs:

• Mini Invest – $1 000
• Standart Invest – $5 000
• Universal Invest – $10 000
• Pro Invest – $20 000
• VIP Invest – $50 000

Demo Account Is Available

So far, the only thing that remotely came to the original nature of business stated in the InvestAZ license is the presence of a demo account. This demo allows traders to speculate on the market without investing actual currency.

It is an invaluable tool for education, practice and market analysis. The InvestAZ Demo is available for all trading platforms, with up to $500 000 in virtual assets, and leverage of up to 1:200.

Good Selection Of Trading Instruments

The selection of trading instruments at InvestAZ is quite diverse. The line-up is similar to the one found with BoldPrime. Still, we need to remember that InvestAZ should not provide trading of any kind with the type of license this company owns.

Here are some of the trading instruments now:

• Forex (EUR/USD, AUD/CAD, USD/JPY, GBP/CHF)
• Cryptocurrencies (Bitcoin, Ethereum, Ripple, Bitcoin Cash)
• Indices (Nikkei, FTSE, S&P500, DAX)
• Energies (Natural Gas, UK Oil, US Oil)
• Commodities (Cotton, Sugar)
• Spot Metals (Gold, Palladium, Platinum)
• Stocks (Nike, Harley Davidson, Intel, Johnson & Johnson)

InvestAZ Education

Advisory and education services are what the license owned by InvestAZ is all about. We can say that this is in fact one of the best points of InvestAZ.

The website features articles, tutorials, FAQs and other typed materials, alongside various videos and webinars. Live presentations and courses are organized on a regular basis, and the company has also received an award for the quality of their education materials.

InvestAZ Withdrawal

We have already mentioned that withdrawals from the InvestAZ platform can be quite pricey. These incredible costs can undermine your profits by a significant margin. Without a valid Forex license, InvestAZ doesn’t need to adhere to any regulatory conditions or constraints.

Many traders have already contacted us stating various issues with their InvestAZ withdrawal. If you encounter any problems with this company, feel free to book a free consultation via Live Chat.

Customer Support

Customer support on InvestAZ is not available around the clock. The support team can be contacted during the work hours by phone and live chat, while a call back request can be made at any time.

Another thing worth mentioning is that the customer support is not available in a large number of languages. Some support types might not be available in your native language.

InvestAZ Does Not Leave A Good Impression

It is difficult to ignore all the problems InvestAZ has created over the past years. First with the FMA blacklist, and now with soliciting broker business with the wrong type of license yet again. We never recommend dealing with any unlicensed brokerage, no matter how good their reputation online is.

Should you encounter any issues with InvestAZ withdrawals, don’t keep quiet about it. With enough evidence of wrongdoing, we can bring dishonest behavior to the attention of relevant authorities! We offer help in charging back your lost assets, and you may contact us through the Live Chat and book a free consultation at any time.

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