According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- No
- MT5
- CySEC
Our Evaluation of Geldex Invest
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Geldex Invest is a moderate-risk broker with the TU Overall Score of 5.96 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Geldex Invest clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
The Geldex Invest broker provides overall comfortable trading conditions. There are many diverse assets, spreads and commissions are low, and leverage is optimal. The platform is stable, operates without interruptions, and orders are executed promptly. All trading methods and strategies are allowed, and popular analytical tools are available. Cooperation is transparent, and traders' funds and data are fully protected. The partner program is quite profitable, and the copy trading service is well implemented. Unfortunately, opening the most advantageous accounts requires a high deposit, training is only basic, and expert analysis and blog articles are rarely published.
Brief Look at Geldex Invest
Through Geldex Invest, traders can trade currency pairs and CFDs on indices, metals, commodities, energies, futures, and cryptocurrencies. There are over 160 assets and three real accounts: Standard, Elite, and Prime. Plus, you can open a demo account for each. The Standard account has no minimum deposit, while Elite and Prime require $10,000 and $50,000, respectively. The minimum spread is 0.2 or 0.7 pips, depending on the account type. Commissions also vary, they can be either $5, $7, or $153. Trading is done through MetaTrader 5. The maximum leverage is 1:100. Alternative income options are offered through its copy trading services and the partner program. Company clients are provided with trading and analytical tools, as well as basic training. Technical support operates 24/5 and can be contacted through many major channels.
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- Traders have access to a free demo account, and there are no minimum deposit requirements when opening a live Standard account.
- Spreads and trading commissions are competitive or slightly better than average.
- No withdrawal fees are charged, and all major payment methods, such as bank transfers, debit cards, Neteller, and Skrill wallets, are available.
- Clients are provided free access to daily analysis, the Trading Center, and multilingual technical support.
- An extensive pool of assets allows for successful risk diversification and the use of any strategies.
- The MT5 trading platform is easy to learn, has extensive functionality, and offers customization with free plugins.
- The broker is officially registered and regulated by the Cyprus Securities and Exchange Commission (CySEC).
- Very high minimum deposit on accounts that offer the best conditions, such as Elite and Prime.
- Only the MetaTrader 5 trading platform is available, and other platforms cannot be used.
- All assets, except currency pairs, are offered in CFD format.
TU Expert Advice
Author, Financial Expert at Traders Union
Geldex Invest offers trading services through the MT5 platform, providing access to various trading instruments, including currency pairs and CFDs on indices, metals, commodities, energies, futures, and cryptocurrencies. It provides different account types with a notable advantage of no minimum deposit required for the Standard account. The broker offers low spreads and commissions, with leverage up to 1:100. Its transparent operations, free demo account, robust partnership program, and professional technical support enhance the trading experience.
Nevertheless, Geldex Invest has drawbacks such as high deposit requirements for Elite and Prime accounts and a limited platform choice. Additionally, its training resources are basic, and premium analytical tools are not available across all account types. These issues mean the broker may primarily appeal to experienced traders who can meet higher deposit thresholds and capitalize on its advanced features, while beginners may find better options.
Geldex Invest Trading Conditions
Your capital is at risk. 79.43% of retail investor accounts lose money when trading CFDs with this provider. Geldex Invest Ltd and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.
| 💻 Trading platform: | MT5 |
|---|---|
| 📊 Accounts: | Demo, Standard, Elite, Prime |
| 💰 Account currency: | USD |
| 💵 Deposit / Withdrawal: | Bank transfers, Visa, Mastercard, and Maestro debit cards, and Neteller and Skrill wallets |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | Up to 1:100 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,3 pips |
| 🔧 Instruments: | Currency pairs, CFDs on indices, metals, commodities, energies, futures, and cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market |
| ⭐ Trading features: |
Free demo account, Three real accounts with different entry thresholds, Seven asset types, Average spreads and commissions for transactions, No deposit or withdrawal fees, Trading tools and analytics, and Alternative income options such as copy trading and referral programs. |
| 🎁 Contests and bonuses: | Yes (TU rebates) |
With the broker offering several account types, each with different conditions, there's almost always a varying minimum deposit requirement. A trader registering for a Standard account can deposit any amount, although the recommended one starts from $100. Elite, on the other hand, requires a minimum of $10,000, while Prime demands at least $50,000. The maximum leverage is 1:100, which is the same for all accounts, and this applies also to currency pairs. Leverage is lower for other assets. The leverage is flexible, allowing traders to choose their preferred level or not use it at all. Regarding client support, it's available 24/5. All major communication channels are provided, such as phone, email, tickets, and live chat on the website.
Geldex Invest Key Parameters Evaluation
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Trading Account Opening
To start working with Geldex Invest, visit its website, register, and verify your account. Then, open an account and deposit no less than the minimum required amount. Finally, download the trading platform. The process is standard, yet traders may encounter difficulties at any stage. To address them, TU experts have developed a step-by-step guide. In this section, the experts will also discuss the main features of the user account
Go to the broker's website. Click on "Register" or "Open an account".
Provide your name, surname, country of residence, email, and mobile phone number. Then click "Register now".
Create and enter your profile password. Set a PIN code for fund withdrawals.
To activate your profile, you must confirm the email address you provided earlier. You will receive a verification code. Enter it in the corresponding field.
Continue to fill in your personal information. Choose how you want to be addressed, enter your passport or ID card number, date and place of birth, exact address, and postal code. Then click "Next".
The broker will request investment, economic information, and education data. Fill in all the fields, then click "Next".
Specify your trading experience and answer some of the broker's questions to confirm it. Then click "Next".
Next, verify your identity and residential address. In the first case, you must upload a scan/photo of your passport, national ID, or driver's license. In the second case, provide a utility bill or bank statement. If necessary, provide other supporting documents.
Go to the "Accounts" section, open a real Standard, Elite, or Prime account, and choose leverage, currency, etc.
Go to the "Wallets" section. Deposit funds into your account using the method that suits you. Note that some channels the broker claims may be unavailable in your region.
Download the required version of the MT5 trading platform. Install it, launch it, and then enter your registration details, such as email and password. Start trading.
Your Geldex Invest user account also provides access to:
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Profile. It is used for the verification process, password, and personal information setup.
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Accounts. It is used for the registration of live and demo accounts, and to select their protocols.
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Wallets. It is used to deposit and withdraw client funds.
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Download platform. It downloads the MT5 trading platform for PCs, mobile devices, and browsers.
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Refer a Friend. It is used for registration in the affiliate program, tracking referrals' actions, and profits from them.
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Educational Academy. It is used to study materials provided by the broker.
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Contact Us. Allows contacting platform managers using the contacts provided in the block or through chat.
Regulation and safety
Geldex Invest has a safety score of 9.8/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Regulated in the UK
- No negative balance protection
- Track record of less than 8 years
Geldex Invest Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 FCA UK |
Financial Conduct Authority | United Kingdom | Up to £85,000 | Tier-1 |
 BaFin |
Federal Financial Supervisory Authority | Germany | Up to €20,000 | Tier-1 |
 CySec |
Cyprus Securities and Exchange Commission | Cyprus | Up to €20,000 | Tier-1 |
 MFSA |
Malta Financial Services Authority | Malta | Up to €20,000 | Tier-2 |
 CNMV |
Comisión Nacional del Mercado de Valores | Spain | Up to €100,000 | Tier-1 |
Geldex Invest Security Factors
| Foundation date | - |
| Negative balance protection | No |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Geldex Invest have been analyzed and rated as Medium with a fees score of 5/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Geldex Invest with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Geldex Invest’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Geldex Invest Standard spreads
| Geldex Invest | Pepperstone | OANDA | |
| EUR/USD min, pips | 1,1 | 0,5 | 0,1 |
| EUR/USD max, pips | 2,2 | 1,5 | 0,5 |
| GPB/USD min, pips | 1,4 | 0,4 | 0,1 |
| GPB/USD max, pips | 2,5 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Geldex Invest RAW/ECN spreads
| Geldex Invest | Pepperstone | OANDA | |
| Commission ($ per lot) | 3,5 | 3 | 3,5 |
| EUR/USD avg spread | 0,3 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,5 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Geldex Invest. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Geldex Invest Non-Trading Fees
| Geldex Invest | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
One of the most important tasks for a trader at the beginning is selecting an account type if the broker offers more than one. Naturally, the decision should be based on the available capital. Accounts with a higher minimum deposit offer improved trading conditions, so if finances allow, it's better to open one of those. Otherwise, one would have to settle for a "budget" option. For Geldex Invest, this is the Standard account. There are no deposit requirements, although it's recommended to deposit at least $100. Spreads and commissions are quite high but not excessively high. Opening an Elite account requires a deposit starting from $10,000. In return, the user gets lower spreads and commissions. Additionally, unlike Standard account holders, Elite account holders can access Trading Central. Prime accounts require a minimum deposit of $50,000, with the lowest commission and better spreads, especially for CFDs. Furthermore, traders need to decide on the leverage level or set it at 1:1 which is trading without leverage. The trading platform choice is irrelevant since only MetaTrader 5 is offered.
Aсcount types:
Before starting to work with the broker, it is advised to test its capabilities on a demo account. Meanwhile, traders can experiment with strategies and familiarize themselves with the platform if they lack experience in trading via MT5. Then, if satisfied with the offered conditions, they should proceed to open a suitable real account, considering both the available budget and experience, priorities, and goals.
Deposit and withdrawal
Geldex Invest received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Geldex Invest provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- No deposit fee
- Bank wire transfers available
- No withdrawal fee
- Minimum deposit below industry average
- BTC payments not accepted
- USDT payments not accepted
- BTC not available as a base account currency
What are Geldex Invest deposit and withdrawal options?
Geldex Invest provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller.
Geldex Invest Deposit and Withdrawal Methods vs Competitors
| Geldex Invest | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are Geldex Invest base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Geldex Invest supports the following base account currencies:
What are Geldex Invest's minimum deposit and withdrawal amounts?
The minimum deposit on Geldex Invest is $0, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Geldex Invest’s support team.
Markets and tradable assets
Geldex Invest offers a limited selection of trading assets compared to the market average. The platform supports 160 assets in total, including 61 Forex pairs.
- Commodity futures are available
- Crypto trading
- Indices trading
- Limited asset selection
- No ETFs
Supported markets vs top competitors
We have compared the range of assets and markets supported by Geldex Invest with its competitors, making it easier for you to find the perfect fit.
| Geldex Invest | Plus500 | Pepperstone | |
| Currency pairs | 61 | 60 | 90 |
| Total tradable assets | 160 | 2800 | 1200 |
| Stocks | No | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products Geldex Invest offers for beginner traders and investors who prefer not to engage in active trading.
| Geldex Invest | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
Can I register an Islamic account? What order types are available in the MetaTrader 5 platform? In which banks are clients’ funds held? Traders often do not find all the answers to their questions on the broker's website. Or perhaps they simply overlooked the information while studying it or lack sufficient knowledge. Moreover, there may be atypical trading situations or problems when executing trades. Whatever happens, whatever points need clarification, clients of Geldex Invest clients can contact the company's client support service. It operates on a 24/5 basis, handling inquiries via the call center and email. Additionally, there is a live chat and ticket system.
Advantages
- Four communication channels
- Support operates 24/5
- High competence
Disadvantages
- Tech support is unavailable on weekends
The broker provides the following communication channels:
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Phone;
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Email;
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Ticket system on the website;
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Chat on the website and in the user account.
The broker is also present on LinkedIn, Facebook, and Instagram. Managers’ answers can also be obtained there, although they are unlikely to be immediate.
Contacts
| Regulation | CySEC |
|---|---|
| Official site | https://www.geldexinvest.com |
| Contacts |
+357-25-211707
|
Education
Some traders come to the broker "unarmed," meaning without experience in trading on financial markets or with the bare minimum of it. Platforms of this type are not obliged to provide them with knowledge, yet some of them still offer educational materials. However, serious and comprehensive training materials are rarely encountered. Geldex Invest has limited itself to collections of articles, guides, and educational videos. Also, conditionally, market analysis and asset behavior from experts can be considered part of education.
Novice traders will find plenty of useful information in the collections. Intermediate traders can also glean some important information. Professionals might only be interested in the analytics, but unfortunately, it is provided irregularly.
Comparison of Geldex Invest with other Brokers
| Geldex Invest | Bybit | Eightcap | XM Group | VT Markets | IC Markets | |
| Trading platform |
MT5 | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MetaTrader4, MetaTrader5, VT Markets App, Web Trader+ | MT4, cTrader, MT5, TradingView |
| Min deposit | No | No | $100 | $5 | $50 | $200 |
| Leverage |
From 1:1 to 1:100 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:500 |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | Yes | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0.2 points | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0 points |
| Level of margin call / stop out |
No | No / 50% | 80% / 50% | 100% / 50% | No / 50% | 100% / 50% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | No | No |
Detailed Review of Geldex Invest
Geldex Invest started its operations in 2008. Among its clients are traders from various countries, with significant recognition gained on the African continent. The platform steadily improves the quality of its services, increases the number of currency pairs and other asset types, and launches innovative services. Traders benefit from deep liquidity and fast order execution speeds averaging 10 milliseconds. Geldex Invest pays special attention to the security of funds and user data. Secure Sockets Layer (SSL), Transport Layer Security (TLS) protocols, and advanced AES encryption standards are used for communication protection. Client funds are held in independent segregated accounts in reputable banks, with protection against negative balances. Additionally, Geldex Invest is a member of the Cyprus Investor Compensation Fund (ICF).
Geldex Invest by the numbers:
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There are over 160 assets from 7 groups.
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The minimum spread is 0.2 pips and is applied on Elite and Prime accounts.
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Prime account has a commission of $5 per lot.
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The maximum leverage is 1:100.
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Support is available 24/5.
Geldex Invest is a versatile broker offering comfortable working conditions.
Traders have access to trading 61 currency pairs and CFDs on indices, metals, energies, futures, commodities, and cryptocurrencies, totaling over 100 positions. This allows the use of a wide range of methods and strategies. The broker is highly accommodating, imposing no restrictions on clients and allowing scalping, hedging, trading on news events, and expert advisors. Moreover, the variety of assets enables the creation of diversified portfolios, thereby reducing trading risks. Geldex Invest offers only one trading platform, but MT5 is the most popular one. It is user-friendly for both novice and experienced traders, boasting an extensive interface and diverse functionality.
Geldex Invest’s analytical services:
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Copy trading. Investors can earn through passive trading and gain valuable experience by observing the transactions of experienced traders, who, in turn, earn income from commissions.
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Trading Central. A modern service providing high-level technical analysis. By using its full potential, traders can make confident, timely, and informed investment decisions.
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Trading calculators. Four specialized tools to calculate potential profits and losses, stop-loss and take-profit levels, swap sizes, and more.
Advantages:
Traders can start with a free demo account, and then switch to a Standard account and deposit any amount.
With three real accounts with customizable parameters, the broker offers individualized solutions.
Clients can trade from 0.01 lots as the maximum size is not set, using optimal leverage.
Transparent cooperation with no hidden costs on the platform.
Most major deposit and withdrawal channels are available, and the broker charges no commission.
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