Investago review.

Overview

Investago is a registered trademark of Wonderinterest Trading Ltd, a Cyprus Investment Firm with company number HE 332830, regulated by CySEC under licence 307/16. [CySEC]

The detail worth leading with is one the CySEC register makes visible and the marketing does not: the same licence carries two approved trade names — Investago and Zetano. [CySEC] One company, one licence, two consumer-facing brands. That is entirely legal and reasonably common, but it means a trader comparing “Investago” against “Zetano” as if they were alternatives is comparing one firm with itself.

Investago’s published risk disclosure is that 73.31% of retail investor accounts lose money trading CFDs with it. It offers both CFDs and physical stocks, which is a genuinely different mix from the CFD-only brokers that dominate this segment.

Overview Table

Facts List

• CySEC licence 307/16 held by Wonderinterest Trading Ltd [CySEC]
• Cyprus company registration HE 332830
• The same licence covers two approved trade names, Investago and Zetano [CySEC]
• 73.31% of retail investor accounts lose money trading CFDs with this provider
• Investor compensation cover stated as up to €20,000
• MetaTrader 5 is the trading platform
• Offers physical stocks alongside CFDs
• Account registration and maintenance advertised as free
• Published support hours: Monday to Friday, 08:30–17:00
• Support offered in local languages across its markets

Key Takeaways

• CySEC 307/16 verified — Wonderinterest Trading Ltd, on the register. [CySEC]
• Investago and Zetano are the same firm. Both are approved trade names on one licence — treat them as one counterparty, not two options. [CySEC]
• 73.31% of retail accounts lose money. The broker’s own required disclosure.
• Physical stocks as well as CFDs — with physical shares you own the asset, which is a materially different risk.
• €20,000 investor compensation, the Cyprus ICF ceiling — a quarter of the UK’s £85,000.
• Published support hours and a real phone number, in local languages. Better disclosure than most.
• MetaTrader 5 only — no MT4, no proprietary desktop platform.
• Spreads and minimum deposit are not published in a form we could verify, which is the main gap in an otherwise open disclosure.

Licenses & Regulation

Searched by brand and corporate name; the licence checked directly against the CySEC register.

Regulatory Licences

No FCA, SCA or Seychelles registration was found for this firm under either brand or its corporate name. That is not a mark against it — a Cyprus firm serving EU clients has no particular reason to seek UK or UAE authorisation — but it does mean the Cyprus licence is the whole of its regulatory protection, and there is no FSCS-equivalent behind it.

Two brands, one licence

The CySEC register lists Investago and Zetano as approved trade names on the same licence. [CySEC] This is worth understanding for two reasons.

First, diversification. If you hold accounts under both names believing you have spread counterparty risk across two firms, you have not — it is one balance sheet, one licence, and one €20,000 compensation limit covering you as one client of one firm.

Second, verification. Trade-name fields are how you connect a brand you have been shown to the entity that actually holds the licence. It is the same mechanism that reveals XM as Trading Point of Financial Instruments and Libertex as Indication Investments. If a brand cannot be tied to a licensed entity this way, that absence is itself informative.

As a Cyprus Investment Firm, client money must be held separately from the firm’s own, and eligible claims are covered by the Cyprus Investor Compensation Fund up to €20,000 per client if the firm fails. That is real protection, and materially less than the UK’s £85,000 — worth knowing if you are comparing against a UK-authorised broker.

Not two brands on this licence — three

An earlier version of this review reported that Wonderinterest Trading Ltd runs two consumer brands, Investago and Zetano. A ten-country sweep of both domains turned up a third: wonderinterest.com, which uses the licensee’s own corporate name as a retail brand and has its own client portal, its own phone number and its own account ladder. We verified all three ourselves.

Same company, same licence, same MetaTrader 5 server — and a six-fold difference in the advertised spread. A client who signs up through Investago or Zetano is quoted 3 pips on EUR/USD; the identical firm quotes 0.5 pips under its own name. Nothing on any of the three sites tells you the others exist, so there is no way to discover from the page in front of you that a cheaper door into the same broker is open.

The inactivity fee diverges the same way. Zetano starts charging $89 a month after a single month of not trading; the sister brands charge nothing for six months and then $39. Same balance sheet, same regulator, three different deals.

For context on the pricing itself: 3 pips on EUR/USD is roughly ten to thirty times a competitive 2026 spread. It is the most expensive headline figure in this catalogue, and two of the three brands quote it.

What is genuinely clean here

On the dimension that undoes most brokers, this one holds up. All ten countries — including the UAE, Singapore, India, South Africa, Indonesia, Thailand and Vietnam — are served the same single entity, the same CySEC licence, the same 1:30 retail cap and the same 73.31% loss disclosure. There is no offshore arm, no stripped-down non-EU page and no country that gets no risk warning. That is the opposite of the pattern we found at CFI, and it counts in this broker’s favour.

How to Trade

Investago offers CFDs on forex, commodities, ETFs, indices and stocks, alongside physical stocks, through MetaTrader 5.

The distinction between the two is the most important thing on this page for a newer trader. A physical share is an asset you own, with no leverage, no overnight financing and no margin call. A stock CFD is a leveraged derivative where 73.31% of this broker’s retail clients lose money. They can appear side by side in the same interface and behave nothing alike.

Retail leverage is capped by the regulator, not chosen by the broker: 1:30 on major currency pairs, 1:20 on minors, gold and major indices, 1:10 on other commodities, 1:5 on individual shares. Any offer of higher leverage to a retail client in this jurisdiction is a signal you are being onboarded somewhere else — check which entity is opening your account.

Account Types

Investago advertises free registration and free account maintenance.

We could not verify a published minimum deposit, spread table or commission schedule from a primary source. That is the clear weakness in an otherwise reasonably open disclosure: this broker tells you its loss rate, its compensation limit and its support hours, but not what a trade costs. Ask for a written fee schedule before funding, and treat “free account” as a statement about maintenance charges rather than trading costs.

Investago runs a three-tier structure gated by deposit size, with the trading terms improving as the tier rises:

Registration and account maintenance are free at every tier.

Be clear-eyed about what this structure means for a typical retail client. The improved pricing begins at 125,000 USD — a threshold the overwhelming majority of retail traders will never reach — so in practice most clients trade on the GO tier’s “basic commission and basic spread”. Those basic figures are the ones that matter, and they are the ones Investago does not publish. A tier table that advertises discounts off an undisclosed base price tells you the shape of the pricing without telling you the price.

It is also worth noting what the higher tiers do not change: your regulatory protection is identical at every level. The Cyprus ICF ceiling is €20,000 per client whether you deposit 500 USD or 250,000 USD — and a client at the Pro threshold has twelve times the ICF ceiling at risk.

Corrections to our earlier review

Three things we previously published about this broker were wrong, and the sweep corrected them:

• We said spreads were not published. They are: “Spreads from 3 pips on EUR/USD” appears on investago.com’s own company profile. The error was ours, and the figure matters — it is unusually wide.
• We said no minimum deposit was published. It is: 0 USD. Every brand’s entry tier states it explicitly.
• We described a “GO” account tier. There is no such tier — “GO” is the text on the call-to-action button. The real ladder is Investago (0 USD), Start (50,000), Plus (125,000), Pro (250,000) and Elite (500,000).

One earlier finding stands: the commission is still not published in absolute terms anywhere on any of the three sites. Every tier quotes only a relative discount — “33% lower”, “66% lower”, “zero commission” — off a base rate the broker never states. You can see the shape of the pricing without ever seeing the price.

The real account ladder

The entry tier is genuinely free and takes 0 USD, so the barrier is not money — it is that the improved pricing begins at 125,000 USD, which almost no retail client will reach. In practice you trade on the base rate, which is the one figure the broker does not publish.

Physical shares carry a 5% annual charge

Investago sells physical shares alongside CFDs, and states an annual management fee of 5% on them, charged daily as a swap and tripled on Wednesdays. Physical shares are buy-only — no short selling. Neither point was in our earlier review.

Worth knowing which sister brand tells you this: Wonderinterest calls it a “Portfolio Management Fee” without stating the amount on the page, and Zetano does not disclose it at all while selling the same product.

Negative Balance Protection

As a CySEC-authorised firm, negative balance protection applies to retail clients under the MiFID II product-intervention regime — you cannot lose more than your account balance on a CFD position.

Professional categorisation removes it. Given a disclosed retail loss rate of 73.31%, retail categorisation and its protections are where most clients should stay.

Trading Instruments

CFDs on forex, commodities, ETFs, indices and stocks, plus physical stocks. The inclusion of physical share dealing alongside CFDs is a real differentiator against CFD-only competitors — it allows a client to hold long-term positions without financing costs — but it also puts a leveraged product and an unleveraged one in the same account.

We could not verify instrument counts from a primary source and have not quoted any.

Education & Analysis

Investago publishes an education section alongside its platform material, and support in local languages across its markets. Given a 73.31% retail loss rate, the quality of that material matters more than at a broker serving mostly professionals — but we have not assessed it independently and make no claim about it.

Special Offers

Free registration and free account maintenance are advertised. We found no deposit bonus, consistent with CySEC restrictions on promotional inducements to retail clients.

Opening an Account

Registration is advertised as taking only a few seconds, but MiFID II identity and appropriateness checks still apply before you can trade CFDs. Confirm your client agreement names Wonderinterest Trading Ltd — that is the licensed entity behind both brand names. [CySEC]

Deposits & Withdrawals

Client money is subject to the CySEC client money regime, and the broker states investor compensation cover of up to €20,000.

Deposit methods, withdrawal fees and processing times could not be verified from a primary source and are not stated here.

Customer Support

Investago publishes a telephone number, +357 25 010426, with stated hours of Monday to Friday, 08:30–17:00, and says support is available in clients’ local languages across its markets.

Published hours and a real number are better disclosure than most of this catalogue offers, and we have scored support accordingly. Note the practical limitation: there is no weekend cover, so a problem arising after Friday afternoon waits until Monday.

Prohibited Countries

As a Cyprus firm, its natural market is the EEA. It holds no UK authorisation, so UK residents are not the intended market and would have no FSCS cover. Confirm eligibility at signup.

Conclusion

Investago is a straightforward CySEC-regulated broker with a licence we verified on the register, an unusual and welcome combination of CFDs and physical share dealing, and better-than-average disclosure on the things brokers usually keep quiet — its retail loss rate, its compensation ceiling, and real support hours with a real phone number.

The finding most likely to be useful to you is the one the marketing does not mention: Investago and Zetano are the same company on the same licence. If you were treating them as two firms, you were not diversifying counterparty risk — one licence, one balance sheet, one €20,000 compensation limit.

The gap is cost. A broker that will tell you 73.31% of its retail clients lose money ought to be equally willing to publish what a trade costs, and we could not find spreads, commissions or a minimum deposit from a primary source. Ask for a written fee schedule before funding, and be clear which of the two products in front of you — a physical share or a leveraged CFD — you are actually buying.

FAQ