Invest 505 Review
The growth of the Forex industry during the last decade has been impressive as it continued expanding to new economies and attracting more investors. Over 10 million people are trading on FX markets from over 200 countries worldwide. Invest 505 is a reliable brokerage service provider that has been quite successful in this highly competitive industry where only the fittest survive. The broker offers a rich assortment of financial instruments and numerous investment packages that target a diverse audience of investors.
Advantages of Invest 505
The brand would not have attracted so many customers over its long history without providing excellent service and significant benefits to its clients. There are several aspects in which this particular company distinctly excels:
- Favorable trading conditions. All traders enjoy flexible spreads when working with different assets. All spreads are low which is something that day traders and scalpers find quite appealing. You can also use adjustable leverage to enter long-term market positions.
- Diverse investment options. The company allows its clients to use their capital efficiently by offering a wide range of products like trust management, automation, and more. You will be able to build a well-performing portfolio of active investments.
- Charge-free banking. Regardless of which payment method you use, you won’t pay anything for deposits and withdrawals. However, payment systems and banks can apply commissions to your transactions.
Disadvantages of Invest 505
With so many benefits, the company seems to be offering a flawless service without any issues. However, there are some minor issues that we found when working with this broker:
- When withdrawing earnings, the delivery of funds to your bank account may take a long time. Sometimes, you need to wait for up to 5 business days.
- The customer support team may respond to your inquiries with a delay during nighttime and on weekends.
Financial instruments at Invest 505
All traders can access dozens of assets including commodities, currencies, stocks, and indices. The list of derivatives that you can trade is quite long allowing you to create a sophisticated strategy for day trading and scalping. Such variety is excellent for any strategy that relies on high volatility.
Customer support at Invest 505
The support team employs professional specialists capable of resolving any issue quickly. The team is quite responsive. You can expect to receive an answer from a human specialist within a couple of minutes after writing in live chat.
Wait times can be longer during off hours and on weekends when the support team is short-staffed and can be easily overwhelmed with inquiries from users. While it happens rarely, you may still come across a moment when it takes more than an hour for someone to start working on your issue.
Banking options at Invest 505
Whether you need to instantly top up your balance when you urgently need finances or want to move a large sum of money in one go, you will have an option to do so. Here are some of the options that you can use for banking purposes:
- Debit and credit cards issued by international operators like Visa, American Express, and MasterCard can be used to add funds to your account instantly. You can avoid a margin call or capitalize on an unexpected trading signal by quickly making a deposit.
- Bank transfers are less convenient and require you to fill out some forms, but it is the safest method to move a large sum of money quickly or to receive withdrawn earnings. Note that withdrawals may take up to 5 business days to be processed.
- Payment systems and cryptocurrencies are allowed in some situations. Inquire in the live chat whether you can use “exotic” payment methods.
Conclusion
Invest 505 is a reliable broker that has been around for quite a while and managed to build a positive reputation and enjoys the goodwill of many traders. If you want to work with a company that offers flexible trading conditions and access to a large number of financial instruments, take a closer look at Invest 505.