BrokerServices
ConcordInvest is a confident broker in the financial market, providing access to global trading platforms. They promise protection against negative balance, quality analytics, efficient support, lightning-fast trade execution, and interesting promotions. Clients have access to trading in currencies, stocks, and commodities.
The company ConcordInvest does not provide legal documents on its website concordinvest.ltd. Instead of a section with documents, a section “Terms of Cooperation” is used, which is of an informational nature. The broker indicates its registration at First Floor, First ST Vincent Bank LTD Building, James Street, Kingstown VC0100, St. Vincent and the Grenadines. This is an offshore zone with jurisdictional peculiarities that do not guarantee full legal protection. The company lacks regulatory bodies, as well as a license from the Central Bank of Russia.
Communication with clients is done through phone, email, and an online contact form. The website only advertises professional staff knowledgeable in various matters, providing qualified consultation and support to clients.
Trading Plans from Concord Invest
The broker offers automated trading and additional services to enhance trading potential. Clients can use analytics, charts, and robots for successful trading, with access to over 1,250 trading instruments, CFDs on futures, and stocks. Registration on the website and selection of an appropriate trading plan are mandatory to start cooperation:
-
Mini. $250: protection against negative balance, leverage 1:20, instant trade execution, and bonuses.
-
Standard. $1,000: leverage 1:50, analytics, access to currencies, indices, and futures.
-
Classic. From $5,000: leverage 1:80, access to energy resources, futures, metals, indices, currencies, and stocks.
-
VIP. Investments from $10,000: access to all assets plus all the advantages of previous accounts.
Clients are eligible for bonuses, although there is no description of this program on the website. However, it is assumed that this may include exemption from commissions for deposits and withdrawals.
Funding and Withdrawal from Concord Invest
The company does not specify a minimum initial capital to create an account on the website. The verification procedure is mandatory upon registration to ensure the protection of invested funds. There is no information on fees and operational payment systems.
Summary
Concord Invest positions itself as a brokerage company providing clients with optimal trading conditions and guaranteed capital and confidentiality protection. However, the absence of official documents on the website confirming registration makes their activities questionable. The lack of a license from the Central Bank of Russia also raises concerns. The trading accounts offered to traders have few functional differences, despite the varying investment amounts.