General Information
Geldex Invest is a brand name of Growell capital, a Cypriot company authorized in 2012 and regulated by the Cyprus Securities and exchange Commission (CYSEC) with CIF license number 214/13, and governed by MiFID. Geldex Invest functions as a Market Maker (MM) through its licensed institution, Growell Capital Ltd, ensuring strict adherence to financial market regulations and standards within Cyprus.
This financial entity offers a diverse array of market instruments for trading, encompassing Forex currency pairs, cash indices, commodities, metals, energies, CFDs on futures, and cryptocurrencies. These instruments span a wide range of assets, including major, minor, and exotic currency pairs, along with indices, commodities, and digital currencies. Geldex Invest caters to traders with three distinct account types – STANDARD, ELITE, and PRIME. Each account type features specific trading conditions, encompassing variable spreads, commissions, minimum lot sizes, and swap-free policies. Notably, the ELITE and PRIME accounts entail higher minimum deposit requirements compared to the STANDARD account.
Regulation
Geldex Invest is regulated by the Cyprus Securities and Exchange Commission under license number 214/13, and it operates as a Market Maker (MM) through its licensed institution, Growell Capital Ltd. The regulatory oversight by the Cyprus Securities and Exchange Commission ensures that Geldex Invest complies with financial market regulations and standards within Cyprus.
Pros and Cons
Geldex Invest presents several advantages and drawbacks. On the positive side, it is regulated by the Cyprus Securities and Exchange Commission (CySEC), ensuring compliance with financial regulations. The platform offers a diverse range of trading instruments, including Forex, indices, commodities, metals, energies, CFDs, and cryptocurrencies. Additionally, varying leverage options are available, with low spreads starting at 0.2 pips on forex trading, and there is no specified minimum deposit requirement for STANDARD accounts. However, there are downsides, such as higher minimum deposit requirements for ELITE and PRIME accounts, commissions that may increase trading costs, and the potential risk associated with high leverage. Furthermore, there's limited available information regarding customer support quality and response times, as well as withdrawal processing times.
Market Instruments
Geldex Invest offers a wide range of trading instruments, 61+ Forex Currency Pairs, 17+ Cash Indices & Commodities, 7+ Metals & Energies Symbols, 34+ CFDs on Futures, as well as some Cryptocurrencies.
FOREX CURRENCY PAIRS: Geldex Invest provides access to a wide range of Forex currency pairs, including major, minor, and exotic pairs. Examples include popular pairs like EUR/USD, GBP/JPY, AUD/USD, as well as exotic pairs such as USD/TRY and EUR/SGD.
CASH INDICES & COMMODITIES: Traders can engage in the trading of 17+ cash indices and commodities. This includes instruments like the S&P 500, Dow Jones Industrial Average, NASDAQ 100 for indices, and commodities like gold, silver, crude oil, and natural gas.
METALS & ENERGIES SYMBOLS: Geldex Invest offers 7+ metals and energy symbols, allowing clients to trade in precious metals and energy commodities. Examples of these instruments include gold (XAU/USD), silver (XAG/USD), crude oil (WTI), and natural gas (NG).
CFDS ON FUTURES: The platform provides access to 34+ CFDs on futures, offering a wide array of futures contracts on various assets. This includes futures on stock indices like the S&P 500 E-mini, commodities such as corn (CORN) and soybeans (SOYBN), and financial futures like Eurodollar (GE).
CRYPTOCURRENCIES: Geldex Invest also caters to cryptocurrency enthusiasts, with a selection of digital assets available for trading. This includes well-known cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC), among others.
Account Types
STANDARD: The STANDARD account type offered by Geldex Invest features a variable spread starting from 0.7 on forex trading. It charges a commission of $15 per lot and has a minimum trading lot size of 0.01. This account type provides a 3-day swap-free policy and grants free access to daily market analysis. There are no specific minimum deposit requirements for this account.
ELITE: The ELITE account type offers a trading environment with a variable spread starting from 0.2 on forex. It charges a lower commission of $7 per lot and maintains a minimum trading lot size of 0.01. Similar to the STANDARD account, it includes a 3-day swap-free policy and provides access to daily market analysis. However, this account type requires a minimum deposit of $10,000.
PRIME: The PRIME account type is designed for advanced traders, offering a negotiable variable spread starting from 0.2 on forex. It requires a larger minimum trading lot size of 0.1. This account features a 5-day swap-free policy and provides free access to daily market analysis as well as technical analysis (TC). To open a PRIME account, a minimum deposit of $50,000 is required.
How to Open an Account？
To open an account with Geldex Invest, follow these simple steps:
Visit the Geldex Invest website at https://www.geldexinvest.com/en/.
On the website's homepage, you will typically find an option labeled “Open Account” or “Register.” Click on this option.
3. You will be directed to a registration page where you will need to provide the following information: First Name, Last Name, Email Address, Mobile Phone Number.
4. After entering the required information, review the details you have provided to ensure accuracy.
5. By submitting the registration form, you agree to be contacted by geldexinvest.com.
6. Finally, click the “Register Now” button to complete the registration process.
Leverage
The Standard account comes with a leverage up to 1:500, the Elite account with a leverage up to 1:200, and the Prime account with a trading leverage of 1:100.
Spreads & Commissions
The Standard accounts come with variable spread from 0.7 pips On Fx, with a trading commission of $15 per lot. The Elite account has variable spread from 0.2 pips on Fx, with a commission of $ 7 per lot. The Prime account applies the same spread on as the former account, except the trading commission negotiable.
Trading Platform
Geldex Invest presents the next generation MetaTrader 5 Platform (available for computer, smart phones & tabs), which includes everything traders need to trade the financial markets. MetaTrader 5 advanced charting technology and sophisticated order management tools help traders monitor and control their positions swiftly and efficiently. It is a compelling platform packed with brand new features aimed at improving traders trading experience.
Deposit & Withdrawal
Geldex Invest accept payment methods like Visa, Mastercard and Maestro card, popular e-wallet including Neteller and Skrill, as well as bank transfer. Geldex claims that it doesnt charge on deposit and withdrawal services, and the payment providers may charge according to their own fees structure instead. All transactions are processed during normal business hours 9:00 am till 6:00 pm (GMT+2).
Trading Hours
Forex market is open 24 hours a day. Traders can trade 24/5 from Sunday 24:00 am till Friday 24:00 am (GMT + 2), divided into four major trading sessions: The Sydney session, the Tokyo session, the London session & investors favorite time to trade the New York session.
Educational Tools
Geldex Invest equips traders with essential educational resources. Daily Analysis provides regular market insights and updates on Forex, Indices, and Commodities, ensuring traders stay informed. Expert Advisors offer automated trading strategies, simplifying algorithmic trading. Market Prices display real-time bid and ask prices for major currency pairs, providing vital pricing data. The Trading Calculator, featuring tools like Profit and Loss Calculator, Stop Loss/Take Profit, Pip Value, and Swap Calculator, aids in informed decision-making.
Automated Trading streamlines trading by granting access to master accounts from experienced brokers. Geldex Invest's Forex Academy offers free educational materials suitable for both beginners and experienced traders. These resources cover key definitions, trading pillars, and techniques, all without additional costs.
Geldex Invest further enriches traders' knowledge through Educational Courses. These courses encompass essential topics such as “What is Forex,” explaining the $5 trillion daily turnover market. “Market Mechanism” delves into global decentralized currency trading. “Types of Orders” educates on common order types, while “Risk Management” imparts strategies for portfolio management. “Trading Styles” differentiates short-term, medium-term, and long-term trading approaches, assisting traders in selecting suitable strategies.
To complement these courses, Educational Videos cover critical trading concepts and strategies, including Pip, Bid & Ask prices, Base & Quotes currencies, and Spread. These concise video resources enhance traders' understanding, providing valuable insights into the intricacies of trading.
Customer Support
Geldex Invest provides customer support through multiple channels and specific contact numbers. The main hotline for general inquiries can be reached at +357-25-211707, with 24-hour availability from Monday to Friday. For inquiries related to accounting and finance matters, customers can contact +357-25-211707 during business hours from 9 AM to 6 PM. Similarly, the partnership department and human resources department can also be reached at +357-25-211707 during the same business hours. Additionally, customers have the option to fill out a contact form on the website for further assistance.
Conclusion
In conclusion, Geldex Invest, operating under regulatory oversight from the Cyprus Securities and Exchange Commission, offers a range of trading instruments including forex currency pairs, cash indices, commodities, metals, energies, CFDs on futures, and cryptocurrencies. It provides various account types with distinct features and leverage options, while spreads and commissions vary. There are no specified minimum deposit requirements for the STANDARD account, with higher minimums for the ELITE and PRIME accounts. The platform supports multiple deposit and withdrawal options. Geldex Invest utilizes the MetaTrader 5 trading platform and offers educational tools such as daily analysis, expert advisors, market prices, a trading calculator, and free educational materials. Customer support is available through different contact channels.
FAQs
Q: Is Geldex Invest a legitimate brokerage？
A: Yes, Geldex Invest is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 214/13, ensuring compliance with financial market regulations in Cyprus.
Q: What financial instruments can I trade on Geldex Invest？
A: Geldex Invest offers a diverse range of instruments, including Forex currency pairs, cash indices, commodities, metals, energy symbols, CFDs on futures, and cryptocurrencies.
Q: What are the different account types available on Geldex Invest？
A: Geldex Invest offers three account types: STANDARD, ELITE, and PRIME, each with varying spreads, commissions, and minimum deposit requirements.
Q: How can I open an account with Geldex Invest？
A: To open an account, visit the Geldex Invest website, click on the “Open Account” option, provide your personal information, and complete the registration process.
Q: What trading platforms does Geldex Invest offer？
A: Geldex Invest provides the MetaTrader 5 platform, which is available on multiple devices and offers advanced charting and order management tools for traders.
Q: Does Geldex Invest offer educational resources？
A: Yes, Geldex Invest offers a range of educational tools, including daily market analysis, expert advisors, trading calculators, Forex Academy, educational courses, and informative videos to enhance traders' knowledge.
Q: How can I contact Geldex Invest's customer support？
A: You can reach Geldex Invest's customer support through various contact numbers, including a general hotline, accounting and finance inquiries, partnership inquiries, and human resources inquiries. Additionally, you can use the website's contact form for assistance.
