Score
POLO INVEST
Mexico|5-10 years| https://www.poloinvest.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Mexico
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
Most visited countries/areas
Russia
poloinvest.com
Server Location
Russia
Most visited countries/areas
Website Domain Name
poloinvest.com
Website
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC
Domain Effective Date
2016-06-23
Server IP
185.178.208.129
Company Summary
Note: POLO INVEST's official website https://www.poloinvest.com/ is currently inaccessible normally.
| POLO INVESTReview Summary | |
| Founded | 2016 |
| Registered Country/Region | Mexico |
| Regulation | No regulation |
| Market Instruments | Forex pairs and CFDs on shares, metals, commodities, indices, cryptos |
| Demo Account | / |
| Leverage | Up to 1:200 |
| Spread | Fixed at 2 pips (Silver account) |
| Trading Platform | MT4 |
| Min Deposit | $10,000 |
| Customer Support | Tel: +52 (55) 8526 1719 |
| Email: support@poloinvest.com | |
POLO INVEST was registered in 2016 in Mexico. On POLO INVEST, traders can trade forex pairs and crypto CFDs. It uses MT4 as its trading platform, and the leverage can be up to 1:200. However, it is not regulated, and the minimum deposit is as high as $10,000.
Pros and Cons
| Pros | Cons |
| MT4 provided | Inaccessible website |
| Multiple payment options | Lack of regulation |
| Wide spreads | |
| High minimum deposit |
Is POLO INVEST Legit?
POLO INVEST is not regulated by the financial services regulatory authority in Mexico, which means that the company lacks regulation from its registration site. Moreover, the current status shows that client transferring is prohibited.
What Can I Trade on POLO INVEST?
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
PoloInvest offers three trading accounts: Silver, Gold and Platinum. The minimum initial deposit for opening an basic account, or the Silver account is absurdly high, reaching up to $10,000, while most legit brokers only ask traders to deposit around $100 or even less to activate their trading accounts. In this way, Poloinvest is definitely a scam broker that traders should stay away from.
| Account Type | MinDeposit | MaxLeverage | Spread |
| Silver | $10,000 | 1:100 | 2 pips, fixed |
| Gold | $50,000 | 1:200 | 2 pips, fixed |
| Platinum | $100,000 | 1:100 | 1.6 pips, floating |
Leverage
Poloinvest offers the leverage up to 1:200, which is not that generous compared to many other brokers. Since leverage can amplify gains as well as losses, traders should take care when using it.
| Account Type | Max Leverage |
| Silver | 1:100 |
| Gold | 1:200 |
| Platinum | 1:100 |
Spread
| Account Type | Spread |
| Silver | 2 pips, fixed |
| Gold | 2 pips, fixed |
| Platinum | 1.6 pips, floating |
Trading Platform
Like the vast majority of forex brokers, PoloInvest offers the ever popular MetaTrader 4 (MT4) platform, despite the plans of its developer MetaQuotes Software to slowly phase it out.
MT4 is the most used trading platform and is popular both among brokers and traders.
It is stable and reliable, has many functions, offers API connectivity, supports PAMM and MAMM functionality and has a wide selection of technical analysis and charting tools.
It is also user-friendly and supports Expert Advisors and automated trading.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Web, desktop, mobile | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
PoloInvest provides numerous payment options, in addition to standard bank transfer and card payments (VISA, MasterCard). The broker accepts payments through America Express, Neteller, OKPay, PayPal, QIWI, FasaPay, PayU, Skrill, Ukash, Web Money, Union Pay, Western Union.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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