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POLO INVEST

Mexico|5-10 years|
Suspicious Scope of Business|High potential risk|

https://www.poloinvest.com/

Website

Rating Index

Contact

+52 (55)8526 1719
support@poloinvest.com
https://www.poloinvest.com/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

English

+52 (55)8526 1719

Russian

+52 (55) 8526 1719

Other ways of contact

Broker Information

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Company Name

POLO INVEST

Abbreviation

POLO INVEST

Platform registered country and region

Mexico

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-11-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

POLO INVEST · WikiFX Survey

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POLO INVEST · Company Summary

Note: POLO INVEST's official website https://www.poloinvest.com/ is currently inaccessible normally.

POLO INVESTReview Summary
Founded2016
Registered Country/RegionMexico
RegulationNo regulation
Market InstrumentsForex pairs and CFDs on shares, metals, commodities, indices, cryptos
Demo Account/
LeverageUp to 1:200
SpreadFixed at 2 pips (Silver account)
Trading PlatformMT4
Min Deposit$10,000
Customer SupportTel: +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 providedInaccessible website
Multiple payment optionsLack 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.

Is POLO INVEST Legit?
Is POLO INVEST Legit?

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 TypeMinDepositMaxLeverageSpread
Silver $10,0001:1002 pips, fixed
Gold $50,0001:2002 pips, fixed
Platinum $100,0001:1001.6 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 TypeMax Leverage
Silver 1:100
Gold 1:200
Platinum 1:100

Spread

Account TypeSpread
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 PlatformSupported Available Devices Suitable for
MT4Web, desktop, mobileBeginners
MT5/Experienced traders
Trading Platform

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.

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