InvestiGram was founded back in 2018, so it predates this new wave of brokerages that opened up in the midst of the pandemic. This however shouldn’t absolve it of any wrongdoings or ill content. Over our time treading with InvestiGram, we encountered several issues that were very similar to what we have seen in many scam operations. In our review, we aim to break down all of their pros and cons in order for you to get a good idea of whether you should trade with them or not.
Their website looks very professional and is available in several languages, including English, Spanish, Russian, French, German and more. The sleek design is bound to attract many traders. It gives you a good overview of what you are heading into, but there is certainly some embellishing. Despite this, there are plenty of shortcuts that can take you anywhere you need to go in seconds, so at least finding the information you are looking for is easy enough. Now it is time to dig underneath the surface to discover what it is truly like to trade with InvestiGram.
Every good brokerage will differentiate its offering in order to attract all types of traders. Not all of us are ready to fork out massive amounts, at least not in the beginning so it is always nice to see several different account types each with its perks. InvestiGram offers six different options for its traders. Based on these, you can tell that this brokerage is aiming to attract novice to intermediate users. However, while the prices are reasonable, each tier fails to include something truly memorable and worthy. Included account types are as follows:
There is no Demo account, but the Student tier does a good job of introducing the public to the platform and its features. With a minimum deposit of $250, you can experience most of what InvestiGram has to offer. Not a lot of perks is associated with this tier, the only thing worthy of noting is the 0.01 Min Lot Size. As you start going up the account types, the only thing that really changes is the required trading volume and thus the minimum deposit. While other brokerages put a lot of incentives such as educational content or simply better trading conditions, here you will find neither. At Premium tier and above you receive a dedicated account manager and the ability to create an Islamic account, but that’s about it. With the highest-rated, VIP account, you don’t even know what you are getting into. For Despite a hefty asking price of $100,000 or more, you need to contact your account manager in order to find out the benefits. While this lack of transparency is not new to this industry, it has always been one of the most despised elements, that benefits no one but the brokerage itself. In conclusion, we would have loved to see more diversity in these tiers in order to really accommodate all traders regardless of their skill, budget or needs.
It stands to reason that complete beginners and intermediate users could benefit from educational content suited to their level. Like we previously mentioned, there is very little content on offer to paying customers. In addition to that, there is next to nothing on offer to non-registered users as well. You could make the argument that in 2021 there is more than sufficient free content on the web, but there is more to our complaint here. Yes, you can educate yourself wherever you chose, but when a brokerage decides to invest in its clients, it benefits both parties. In the past, this was proven to be the most efficient way of building long-lasting relationships, and this is why we always praise the brokerages who support their users in this manner.
The only content you do receive with InvestiGram is in the form of Daily Analyses but be aware that not all traders will be eligible for it. Be sure to check if your chosen account type offers this benefit. They are not that deep and give you nothing more than a rundown of recent industry headline. A far cry from what trading analysis really should be. They could argue that Account Managers provide a lot of value, but they mostly rely on the daily analysis and their own targets, so you shouldn’t completely trust them to do anything major.
InvestiGram has recently moved away from MT4 and MT5 platforms in favour of custom-made solutions that, at least in theory, offer more flexibility. While their true intent will forever remain a mystery, we can analyse what this change brings to the table in the way of everyday practicality. IGTRADE trading platform is available on Windows, web, and mobile. You will have a much different experience based on your choice so, let’s break all of them down.
Downloading the Widows platform will probably be the choice of many. There is no way of knowing what you are getting into before making an account and making your first deposit. It is a big shame there is no Demo account especially because $250 will be a big asking price for many novice traders. If you do decide to proceed, you are greeted with a platform that is on par with Meta Trader in some aspects but fails to present a cohesive trading experience. Our biggest issue was that, despite being considerably more lightweight than Meta Trader, this platform failed to perform smoothly, as we experienced a lot of bugs and lags. This is more than annoying especially given how quick-paced this industry is.
The web version of the platform doesn’t hold up much better. The only benefit it has over the downloadable one is the fact that you can access it from any computer as long as it is connected to the internet. If you prefer using your phone, there are both iOS and Android versions available, but be aware that both of these don’t show up in their respective stores but needed to be downloaded as a 3rd party app, so you might even need to tinker with your phone to get it working in the first place. The only time we would use these apps is to check how our portfolio is doing, since anything else is painfully slow and inaccurate. Another blunder is that you can’t even download these apps until you open an account, you are only granted access once you make your first deposit, and this, in combination with many other things, will surely be a red flag for many traders.
Getting in touch with InvestiGram support can become a cumbersome task. This brokerage is founded in and operating out of St. Vincent and the Grenadines and it hires only locally, so you always need to be aware of the time zones when trying to reach them. This will prove to be problematic for traders from the western hemisphere, so your better choice would probably be writing to them via the on-page form. This will get you a response within the next several days which is way too much given how this brokerage hasn’t been around a while, so it probably hasn’t even amassed such a wide collection of traders worldwide. Live chat is always another option, but it’s not very helpful because it will simply redirect you to the FAQ page based on the keywords in your question. All in all, reaching and interacting with InvestiGram representatives has proven to be much more difficult than it should have been.
There is nothing too special when discussing funding methods at InvestiGram. Both deposits and withdrawals can be made using any bank-related method including credit and debit cards and bank wire transfers. Be sure to check with your bank if there are some policies that will prolong the withdrawal period. You would be surprised how often these occur in this industry. On the other hand, if you are used to using an eWallet, you are out of luck. Many people opt for these due to its speed of executions and ease of use, but sadly this is not an option at InvestiGram. You need to figure out for yourself if you can tolerate the extra waiting times that you will have to endure most of the time.
InvestiGram had a lot of potential, but in the end, it disappointed us at almost every corner. None of these are malicious attempts to scam the traders, but rather failings to provide the market with something fresh, exciting and innovative. Why choose them in 2021 when there are far superior options out there? You can browse our reviews to find a better-suited brokerage but in the end, the choice is up to you.