Investago review.

Overview

TrueBroker is a free broker safety checker, and this page is our review of Investago, scored 5.2 out of 10 across regulation, fees, platform, support and reviews. Investago is a CFD trading brand; the company behind it is Wonderinterest Trading Ltd, a Cyprus firm, and the brand’s own about page names a second entity, Wonderinterest Trading s.r.o., as a tied agent providing investment services in the Czech Republic.

Who operates Investago

Wonderinterest Trading Ltd holds Cyprus Securities and Exchange Commission licence 307/16, and we confirmed that licence directly on the CySEC register of Cypriot investment firms, where the entry shows an active CIF licence for Wonderinterest Trading Ltd. We also confirmed the company itself on the Cyprus Registrar of Companies, which lists Wonderinterest Trading Limited under number HE 332830 as a limited company, registered 29/05/2014, with status Active. That registry confirms the company exists; it is not a financial regulator, so it does not itself confirm a licence. The firm’s own about page also names Wonderinterest Trading s.r.o., with a registered office at Na Příkopě 28, Prague, as a tied agent supervised by the Czech National Bank; we did not search the Czech National Bank’s own register in our evidence, so that supervision claim rests on Investago’s own page rather than on a register we checked ourselves.

Our earlier review reported that Investago is one of at least two or three consumer-facing trade names, alongside Zetano and reportedly wonderinterest.com, operating under the same CySEC licence 307/16 and the same legal entity. That claim comes from that earlier review’s own check of the CySEC register, not from any page of Investago’s own that we fetched in our evidence, and we did not independently confirm it here.

What the warning-list check found

We searched 1,444 warning-list entries mirrored from CySEC, the FCA and the FSC Mauritius, and Investago appears on none of them. Before relying on that empty result we ran a positive control on two registers, searching for a firm known to be listed, so that the clean result reflects absence rather than a broken search. This covers only the three regulators whose lists we mirror, not every regulator worldwide.

Overview Table

Facts List

• Wonderinterest Trading Ltd holds CySEC licence 307/16, confirmed directly on the CySEC register of Cypriot investment firms.
• Wonderinterest Trading Limited is registered in Cyprus as company HE 332830, status Active, per the Cyprus Registrar of Companies.
• We searched 1,444 mirrored warning-list entries from CySEC, the FCA and FSC Mauritius and found no match for Investago.
• The firm’s own about page states that 73.31% of retail investor accounts lose money when trading CFDs with this provider.
• The sole trading platform named on the firm’s platforms page is MetaTrader 5, offered as desktop, mobile app and Webtrader.
• The Investago account page lists CFD categories including commodities, ETFs, forex, indices and stocks, plus buy-only physical stocks carrying a 5% annual management fee.
• The firm’s about page states that demo accounts are limited to 30 days, after which the client must switch to a live account.
• The firm’s about page states that margin calls occur at 100% but only notify a client who is logged in, with automatic liquidation below 50% margin.
• The firm’s about page states that client personal data and account documents are retained for at least 5 years after the relationship ends, extendable to a further 7 years at CySEC’s request.
• Our earlier review, not independently confirmed here, reports that Investago shares its CySEC licence and legal entity with the Zetano brand and reportedly wonderinterest.com.

Key Takeaways

Investago scores 5.2 overall, and the number that pulls it up is regulation at 6.7 while fees drag it down at 3.5. Here is what actually feeds each of those numbers.

Regulation: a confirmed licence, but shared with other brands

• The Cyprus Securities and Exchange Commission register confirms CIF licence 307/16 for Wonderinterest Trading Ltd, the entity behind Investago, listed under CySEC’s Cypriot investment firms. We searched this register directly and ran a positive control against a firm known to be listed before treating any result as meaningful.
• Cyprus Registrar of Companies confirms the company itself as WONDERINTEREST TRADING LIMITED, number HE 332830, a limited company registered 29/05/14 with active status. That register confirms the company exists; it is not a financial regulator and confirms nothing about the licence.
• Investago’s own about page also names Wonderinterest Trading s.r.o. as a tied agent supervised by the Czech National Bank, with a registered office at Na Příkopě 28, Prague.
• We checked 1,444 warning-list entries mirrored from CySEC, the FCA and the FSC Mauritius, and Investago matches none of them. That is a clean result on the lists we mirror, not a clearance from every regulator worldwide.
• Our earlier review reported that Investago is one of at least two or three consumer-facing names, alongside Zetano and reportedly wonderinterest.com, all trading under the same licence 307/16 and the same legal entity. That claim comes from that earlier review, not from Investago’s own pages in our evidence, and we did not independently confirm it here. If true, it means a client comparing these “alternatives” is comparing one firm with itself, sharing one balance sheet and one compensation scheme.

What Investago charges once money is in the account

• Investago’s own terms set a maintenance fee for inactive accounts: no charge for the first 6 months, then 39 USD per month between 6 and 12 months of no trading, withdrawals or deposits, then 79 USD per month beyond 12 months. The fee is not applied if the account balance is zero.
• Physical share trading is buy-only, no short selling, and carries a 5% annual management fee deducted each day as a swap, with Wednesday’s charge tripled, according to the same terms.
• CFD trades on Italian instruments and the ITA40 carry a Financial Transaction Tax of between 0.25 and 200 EUR depending on the nominal value tier of the transaction.
• Deposits by credit or debit card require a copy of the card, front and back, with the middle eight digits and CVV covered; bank transfers require a confirmation showing the full name, account number, date and amount, and the terms state third-party or cash deposits are not allowed.

Terms that bind a client once a position is open

• The UAE markets page carries language stating Investago reserves the right to expand spread according to its discretion, reduce leverage, set the maximum limit of orders and the total client exposure, and increase margin when market conditions require. That is a broad, one-sided reservation: trading conditions can change after a position is already on.
• Investago’s trading conditions set a margin call at 100%, with clients notified only if logged in, and automatic liquidation once margin falls below the 50% stop-out level. A client who is not logged in gets no warning before positions are closed.
• The same terms allow the firm to terminate or modify dividend adjustments on stock CFD positions in response to changes in legislation, regulatory systems, tax rates or withholding tax requirements, again at the firm’s discretion rather than the client’s.
• Client personal data, account documents and communications are retained for at least 5 years after the business relationship ends, extendable by a further 7 years at CySEC’s request, meaning up to 12 years of retention in total.
• For retail clients, leverage is capped at 1:30 at position opening under the CySEC/ESMA CFD product intervention measures, and the demo account runs for 30 days before a client must move to a live account.

Platform: MetaTrader 5 only

The Australian platforms page describes MetaTrader 5 as the sole trading platform, offered as a Windows desktop application, an iOS/Android app and a web trader. There is no platform choice beyond MT5’s own delivery formats, which is consistent with the 4.9 platform score: functional, not differentiated.

Account tiers: the minimums climb fast

• The core Investago account starts from 0 USD, per the German homepage, described as a free trading account with local-language support and access to exclusive analyses.
• The UAE accounts page lists four further tiers stacked by deposit size: Investago Start (minimum 50,000 USD), Investago Plus (minimum 125,000 USD) with commission on CFD stocks cut by 33% and spread cut by 25%, Investago Pro (minimum 250,000 USD) with commission cut by 66% and spread cut by 50%, and Investago Elite (minimum 500,000 USD) with no commission on CFD stocks and the lowest spread tier.
• Reaching the better pricing on this ladder means depositing a quarter of a million dollars or more, which is a narrow path for most retail traders.

Support and the reviews score

• Investago lists a support line at +357 25 010426 and support@investago.com for general queries, a separate dealing line at +357 25 010436 and dealing@investago.com, and a Czech local support centre at +420 538 890 392, with phone hours given as Monday to Friday, 8:30 to 17:00. That spread of dedicated channels is what sits behind the 6.8 support score.
• The reviews score of 4.2 reflects the clean 1,444-entry warning-list search set against the unverified multi-brand claim above and the one-sided contract terms: a firm with a confirmed licence and no warning-list hits, but also terms that let it widen spreads, cut leverage and liquidate without notice at its own discretion.
• Investago’s own risk disclosure states that 73.31% of retail investor accounts lose money trading CFDs with this provider, a specific figure rather than a generic warning.

Licenses & Regulation

Wonderinterest Trading Ltd is the licensed entity behind the Investago brand, and the Cyprus Securities and Exchange Commission register confirms it: licence 307/16 shows as an active CIF licence for Wonderinterest Trading Ltd under CySEC’s list of Cypriot investment firms, consistent with the authorisation Investago’s own about page claims. The Cyprus Registrar of Companies separately confirms the company itself, WONDERINTEREST TRADING LIMITED, as HE 332830, a limited company registered 29/05/14 with active status. That second register is a company registry rather than a financial regulator, so it confirms the corporate entity exists and is current, not that it holds any licence.

Investago’s own about page names a second entity in the chain: Wonderinterest Trading s.r.o., described as a tied agent providing investment services and supervised by the Czech National Bank, with a registered office at Na Příkopě 28, Prague 115 03. We did not search the Czech National Bank’s own register, so this supervision claim rests on Investago’s page, not on a register we checked ourselves.

We searched 1,444 warning-list entries mirrored from CySEC, the FCA and the FSC Mauritius, and Investago does not appear on any of them. Before relying on that empty result we ran a positive control against a firm known to be listed on two of the source registers, so the absence reflects a working search rather than one that silently matches nothing. That coverage is limited to the three regulators we mirror, not a global sweep.

What Investago’s own pages disclose about trading conditions

Investago’s about page states that leverage for retail clients is capped at 1:30 at position opening, described as following CySEC/ESMA CFD product intervention measures. The same page sets out a margin call at 100%, with clients notified only if logged in, and automatic liquidation of positions once margin drops below 50%; a client who isn’t logged in gets no warning before the stop-out triggers.

The same source also gives Investago’s own retail loss figure: 73.31% of retail investor accounts lose money when trading CFDs with this provider. That’s the firm’s required risk disclosure number, not an estimate from us.

Terms that bind a client beyond the licence itself

Investago’s trading conditions, as read from the firm’s own about page, give the broker latitude that sits alongside the CySEC authorisation: it reserves the right to expand spread according to its discretion, reduce leverage, set the maximum limit of orders and the total client exposure, and increase margin when market conditions require. That means spreads, available leverage, order caps and margin requirements can all move against a client already holding positions, at the broker’s discretion rather than on a fixed schedule.

The same page describes dividend adjustments that the firm may terminate or modify… due to changes in legislation, regulatory systems, tax rates, or withholding tax requirements, meaning dividend credits or debits on stock CFD positions can be altered for reasons outside the client’s control. On data handling, the page states that client personal data, account documents and communications are retained for at least 5 years after the business relationship ends, extendable up to a further 7 years at CySEC’s request, for a possible 12 years total.

Payment rules on the same page restrict how funds move: card deposits require a copy of the card with the middle eight digits and CVV covered, bank transfers require confirmation showing the full name, account number, date and amount, and third-party or cash deposits are not allowed at all.

One licence, more than one storefront

An earlier review, not Investago’s own pages, reported that Investago is one of at least two or three consumer-facing trade names, alongside Zetano and reportedly wonderinterest.com, operating under the same CySEC licence 307/16 and the same legal entity, Wonderinterest Trading Ltd. If accurate, a client comparing these brands would be comparing one firm with itself, sharing one balance sheet and one compensation scheme limit. We’re flagging this as a claim from that earlier review rather than something confirmed in Investago’s own fetched pages in our evidence.

How to Trade

Investago runs on MetaTrader 5 only, across desktop, the iOS/Android app and the web platform; the firm’s platforms page does not list any alternative.

What Investago clients can trade

The firm’s own pages list CFDs on forex, indices (naming Dow Jones, Nasdaq Composite, CAC 40 and DAX), stocks (naming Nvidia, Meta Platforms and Microsoft), ETFs, and commodities covering energy, agricultural products and precious metals. Alongside the CFD range, Investago also offers physical stocks, meaning actual ownership of shares rather than a derivative position. That physical-stock line is buy-only, with no short selling, and carries its own cost structure described below.

Leverage and margin

Retail clients are capped at 1:30 leverage at position opening, which the firm’s own page ties to CySEC/ESMA CFD product intervention measures. The same page sets a margin call at 100%, but clients are only notified of it if they are logged in; positions are automatically liquidated once margin falls below 50%, so a client who isn’t logged in gets no warning before stop-out.

The firm’s trading conditions also reserve itself considerable room to change terms after a position is open. As the page puts it: Investago reserves the right to expand spread according to its discretion, reduce leverage, set the maximum limit of orders and the total client exposure, and increase margin when market conditions require. That is a broad, one-sided discretion: spreads, leverage, order size caps, total exposure limits and margin can all move against a client holding a position, at the firm’s own judgement of what market conditions require.

The cost of holding, not just trading

Physical share holdings carry a management fee of 5% annually, deducted each day as a swap, with Wednesday’s charge tripled (the standard mechanism brokers use to cover weekend financing across three calendar days in one charge). For a buy-and-hold physical stock position, that’s an ongoing drag quite separate from any spread or commission paid on the trade itself.

CFDs on Italian instruments and the ITA40 index carry a separate Financial Transaction Tax, ranging from 0.25 EUR up to 200 EUR depending on which nominal transaction value tier the trade falls into.

Dormant accounts are charged too. No fee applies for the first 6 months of inactivity (no trading, withdrawals or deposits), then 39 USD per month from 6 to 12 months, rising to 79 USD per month beyond 12 months; the fee isn’t charged if the account balance is zero. The firm’s page also notes it may terminate or modify dividend adjustments on stock CFD positions where legislation, regulatory systems, tax rates or withholding tax requirements change, another instance of the firm holding the right to alter a term of the position after the client has opened it.

Account tiers

Investago’s own pages describe a free entry-level Investago account with no stated minimum and local-language support, sitting alongside a separate four-tier structure: Start (from 50,000 USD), Plus (from 125,000 USD, with CFD stock commission cut by a third and spread cut by a quarter against Start), Pro (from 250,000 USD, commission cut by two-thirds and spread halved), and Elite (from 500,000 USD, no commission on CFD stocks and the lowest spread of the range). Moving up these tiers is priced entirely in deposit size, not in any stated trading volume or activity threshold.

Deposits by card require submitting a copy of the card showing front and back, with the middle 8 digits and the CVV covered; bank transfers require a confirmation showing the full name, account number, date and amount of the transfer. Third-party and cash deposits are not accepted. The demo account, separately, is capped at 30 days, after which the client has to move to a live account to keep trading.

Account Types

Investago’s own pages describe two layers of account. The basic “Investago” account is pitched on the firm’s German-market page as a free trading account with no minimum deposit, support in the client’s local language, and access to what the page calls exclusive analyses. Sitting above that, the firm’s UAE accounts page lists four named tiers, each defined by a minimum deposit and a discount on commission and spread rather than by any different instrument set or platform.

The jump between tiers is steep: the gap from Start to Plus is 75,000 USD, and from Pro to Elite it is another 250,000 USD. Nothing on the accounts page we fetched describes a route into Plus, Pro or Elite other than depositing the stated minimum; there is no separate application, trading-volume requirement or time-based qualification mentioned on that page.

What Investago charges outside the spread

The firm’s own about page sets out three charges that sit alongside spread and commission. An inactivity maintenance fee applies once an account has gone six months without trading, a withdrawal or a deposit: 39 USD per month from six to twelve months of inactivity, rising to 79 USD per month beyond twelve months. The same page says no fee is charged in the first six months of inactivity and none is charged if the account balance is zero. Clients who hold physical shares pay a management fee of 5% a year, deducted each day as a swap, with Wednesday’s charge tripled to account for the weekend, a mechanic common to overnight financing on CFDs generally; the same page notes that physical share trading at Investago is buy-only, with no short selling available. A separate Financial Transaction Tax, ranging from 0.25 EUR up to 200 EUR depending on the nominal value tier of the transaction, applies to trades on Italian CFDs and the ITA40 index.

Conditions written into every account, regardless of tier

The trading conditions on the firm’s about page set the margin call at 100%, but say a client is notified of it only if logged in; automatic liquidation of open positions follows once margin falls below 50%, whether or not the client saw a warning first. The same page states that Investago reserves the right to widen spreads, reduce leverage, cap order sizes and total client exposure, and raise margin requirements at its own discretion when market conditions require it, and that it may terminate or modify dividend adjustments on stock CFD positions in response to changes in legislation, tax rates or withholding requirements. For retail clients, leverage at position opening is capped at 1:30, which the firm’s page attributes to CySEC/ESMA product intervention rules on CFDs. A demo account, where offered, is limited to 30 days, after which the firm requires the client to move to a live account to keep trading.

Funding is restricted to card and bank transfer: the about page requires a copy of the card used (front and back, with the middle eight digits and the CVV covered) for card deposits, and a transfer confirmation showing the account holder’s name, account number, date and amount for bank deposits. The same page states that deposits from a third party or in cash are not accepted on any tier.

Negative Balance Protection

Investago’s own trading-conditions material sets two thresholds for a losing position: a margin call at 100% and a forced stop-out once margin falls below 50%. Between those two points the firm’s system flags the account, but the client only receives that flag if they are logged in at the time; there is no separate notification channel built into the mechanic itself. Below the 50% threshold, Investago closes the position automatically, without further reference to the client.

What happens when margin falls at Investago

The practical effect is that a client who is not watching the platform gets no warning between the 100% margin call and the automatic liquidation at 50%. The stop-out itself is not optional or discretionary on the client’s side: once margin drops below the 50% level, Investago’s system closes the position. This is the standard mechanism that limits how far an account can run before the firm intervenes, and it is the only loss-limiting mechanic in the material we read.

Investago’s discretion over the conditions around that threshold

The same material gives Investago room to move the goalposts before a stop-out is reached. The firm reserves the right to expand spread according to its discretion, reduce leverage, set the maximum limit of orders and the total client exposure, and increase margin when market conditions require. That means the distance between an open position and the 50% stop-out level is not fixed by the client’s original terms; Investago can widen the spread, cut the leverage available, or raise the margin requirement at its own discretion, and any of those changes narrows the room a position has to move before it is force-closed.

The leverage cap and the loss figure Investago publishes

For retail clients, the same page records leverage limited to 1:30 at position opening, applied under CySEC/ESMA CFD product intervention measures. That cap sets the outer bound on how much exposure a given deposit can carry into the market before the margin mechanics above come into play. Separately, Investago’s own required risk disclosure states that 73.31% of retail investor accounts lose money trading CFDs with the firm, a concrete figure rather than a generic warning, and the only outcome statistic Investago itself publishes.

What the trading-conditions page does not cover

The material we read describes the margin call and 50% stop-out mechanism and the firm’s discretion to adjust spread, leverage, order limits and margin around it. It says nothing about what happens if a stop-out fails to close a position before the account balance turns negative, for example in a fast-moving market or a price gap. On the negative balance guarantee itself, Investago’s own material states elsewhere that the company guarantees the maximum loss on client accounts never exceeds available funds on those accounts, and that balances can never go negative, so a client will never lose more than their deposit even during strong market volatility. That stop-out failure scenario is a gap in what we fetched, not a finding about what Investago does or does not offer; a client who wants to know what happens if a gap or fast market prevents the stop-out from closing in time would need to ask the firm directly or check the account agreement referenced but not included in our evidence.

Fees that erode a balance outside of trading losses

Two charges in Investago’s own material reduce an account balance independently of market moves. An inactivity maintenance fee applies once an account has gone six months without trading, withdrawals or deposits: 39 USD a month from six to twelve months of inactivity, rising to 79 USD a month beyond twelve months, though the firm does not charge it once the balance has reached zero. Separately, physical share holdings carry a 5% annual management fee deducted each day as a swap, with Wednesday’s charge tripled, on top of the fact that physical share trading at Investago is buy-only with no short selling available. Neither of these is a drawdown rule in the margin-call sense, but both work against a static or dormant balance over time.

Trading Instruments

Investago’s tier pages set out five account levels, and the gaps between them are defined by minimum deposit thresholds and by commission and spread reductions. The account-types page gives Investago Start (minimum 50,000 USD) with “basic commission” and “basic spread,” Investago Plus (minimum 125,000 USD) with commission on CFD stocks cut by 33% and spread cut by 25%, Investago Pro (minimum 250,000 USD) with commission cut by 66% and spread cut by 50%, and Investago Elite (minimum 500,000 USD) with zero commissions on CFD stocks and the lowest spread on offer. A separate page also lists a plain “Investago” account opening from 0 USD, described as a free trading account with local-language support and access to what the firm calls “exclusive analyses,” so the deposit floor a prospective client sees depends on which page they land on.

What Investago lists as tradable

The firm’s market pages group instruments as CFD Forex, CFD Indices (naming Dow Jones, Nasdaq Composite, CAC 40 and DAX as examples), CFD Stocks (naming Nvidia, Meta Platforms and Microsoft), CFD Commodities covering energy, agricultural commodities and precious metals, and CFD ETFs on sector or company-group baskets. Alongside the CFD range, Investago also lists physical stocks, described as an actual ownership stake in a company rather than a derivative position.

The catch in physical share trading

Physical stock trading at Investago is buy-only, with no short selling, and it carries a 5% annual management fee deducted each day as a swap, with Wednesday’s charge tripled, according to the firm’s own trading-conditions material. That Wednesday tripling is the standard way brokers roll swap charges over a weekend, but Investago applies it to what is otherwise pitched as an ownership product rather than a leveraged CFD, and the 5% annualised drag applies for as long as the position is held. A client buying and holding a physical share through Investago is paying a running cost that a genuine buy-and-hold brokerage account would not carry.

CFD-specific charges tied to the asset, not the account

Two further charges sit on top of the tier structure and attach to specific instruments rather than to the account type. A Financial Transaction Tax of between 0.25 EUR and 200 EUR, scaled by the nominal value of the transaction, applies to Italian CFDs and the ITA40 index, per the same trading-conditions material. And retail clients trading any of these CFD instruments are capped at 1:30 leverage at position opening, which the firm attributes to CySEC and ESMA’s CFD product intervention measures.

What Investago can change after the position is open

The instruments page also carries a clause reserving Investago the right to expand spread according to its discretion, reduce leverage, set the maximum limit of orders and the total client exposure, and increase margin when market conditions require. That is a standing right to alter the spread, leverage, order size, exposure cap and margin a client is trading under, exercised at the firm’s discretion rather than on a fixed schedule, and it applies across the instrument range described above. A separate clause covers dividend adjustments on stock CFD positions: Investago may “terminate or modify dividend adjustments due to changes in legislation, regulatory systems, tax rates, or withholding tax requirements,” so a dividend credit or debit a client is counting on can be altered for reasons outside the client’s control.

Platform and account access

Every instrument class above trades through a single platform: MetaTrader 5, offered as desktop for Windows, an iOS/Android app and a Webtrader, and described on the firm’s own platforms page as the sole trading platform Investago provides. There is no separate platform or execution venue named for physical shares versus CFDs; both run through the same MT5 environment. The pages in our evidence describe the tier and asset structure above but say nothing about a demo environment for testing the asset range beyond the 30-day demo limit noted in the firm’s account terms, after which a client must move to a live account to keep trading.

Education & Analysis

Investago runs on a single platform. The firm’s own platforms page names MetaTrader 5 as, in its words, the sole trading platform, available as a Windows desktop download, an iOS/Android app and a Webtrader version. There is no second platform on offer: no cTrader, no proprietary terminal, no TradingView integration described anywhere in the pages we fetched. Whatever charting and order tools a client gets, they get through MT5, in whichever of its three builds they choose to open.

That matters for how the rest of the account works. Wonderinterest Trading Ltd, the CySEC-licensed entity (licence 307/16, confirmed on the Cyprus Securities and Exchange Commission register) behind the Investago brand, sells five account tiers on this single rail: Investago itself starting from 0 USD, then Start (minimum 50,000 USD), Plus (minimum 125,000 USD), Pro (minimum 250,000 USD) and Elite (minimum 500,000 USD), according to the firm’s accounts page. The tiers change commission and spread, not the platform. Investago Plus cuts CFD stock commission by 33% and spread by 25% over Start; Pro cuts commission by 66% and spread by 50%; Elite drops to no commission on CFD stocks with what the firm calls the lowest spread. None of that changes what a client is looking at on screen, because MT5 is the only screen on offer regardless of tier.

What Investago’s MetaTrader 5 actually covers

MT5’s charting package is a known quantity: the standard timeframes, the standard indicator library, one-click trading, and the same order and position management across desktop, mobile and browser. The firm’s own pages describe the instrument range that platform has to route orders on: CFD forex across a wide range of currency pairs, CFD indices including the Dow Jones, Nasdaq Composite, CAC 40 and DAX, CFD stocks on large companies such as Nvidia, Meta Platforms and Microsoft, CFD commodities spanning energy, agricultural products and precious metals, CFD ETFs on selected sectors, and physical stocks bought outright. The physical stock line sits apart from the rest: it’s buy-only, with no short selling, and carries a 5% annual management fee deducted each day as a swap, with Wednesday’s charge tripled, per the firm’s own trading conditions. A client holding physical shares through MT5 is paying that cost every day regardless of what the chart is doing.

Conditions that sit behind the charts

Two of the firm’s own trading-conditions clauses are worth flagging here because they change what a client sees and when. First, margin handling: the firm’s page states a margin call is issued at 100%, but clients are notified only if logged in, and positions are automatically liquidated once margin drops below 50%. A client who isn’t watching MT5 at the moment margin falls gets no warning before the stop-out fires. Second, the firm reserves the right, in its own words, to expand spread according to its discretion, reduce leverage, set the maximum limit of orders and the total client exposure, and increase margin when market conditions require. That’s a standing right to widen the spreads showing on the MT5 chart, or to cap the size or number of orders a client can place, at the firm’s own judgment of market conditions, not on a fixed schedule a client can look up in advance. Leverage itself is capped at 1:30 for retail clients at position opening, which the firm’s page ties to CySEC’s ESMA-derived CFD product intervention measures.

The pages we fetched say nothing about third-party charting integrations, economic calendars, trading signal services, or the “exclusive analyses” the entry-level Investago account is advertised as including beyond that phrase itself; the accounts material doesn’t describe what those analyses are or how a client accesses them. We also found nothing in the fetched pages about a demo platform beyond the fact that any demo account is capped at 30 days, after which the firm’s own terms require switching to a live account to keep trading.

Set against the fee side of the same pages: an inactive account draws a 39 USD monthly maintenance fee between six and twelve months of no trading, deposits or withdrawals, rising to 79 USD a month past twelve months, with no charge up to six months or on a zero balance. That’s a platform-adjacent cost worth knowing before opening MT5 and leaving it idle. None of this is disclosed as a warning-list issue; we checked 1,444 mirrored entries from CySEC, the FCA and the FSC Mauritius and Investago’s name does not appear on any of them.

Special Offers

Investago does not publish anything framed as a bonus, deposit match or cashback scheme in the pages we fetched. What the firm does publish is a set of five account tiers, and the closest thing to a special offer here is the discount structure attached to those tiers, so that is what this section covers.

Investago’s account tiers

The firm’s accounts page lists an entry-level Investago account from 0 USD, described as a free trading account with support in the client’s local language and “access to exclusive analyses.” Above that sit four named tiers, each requiring a larger minimum deposit and carrying a stated reduction in commission and spread: Investago Start (minimum 50,000 USD) at base commission and spread; Investago Plus (minimum 125,000 USD) with commission on CFD stocks “lower by 33%” and spread “lower by 25%”; Investago Pro (minimum 250,000 USD) with commission “lower by 66%” and spread “lower by 50%”; and Investago Elite (minimum 500,000 USD) with “zero commissions on CFD stocks” and the lowest spread of the five. These figures come from the firm’s own accounts page, not from a promotions page, and the page frames them as pricing tiers rather than as a limited-time or conditional offer.

One clause worth setting against those tier discounts: the firm’s trading conditions state that Investago reserves the right to expand spread according to its discretion, reduce leverage, set the maximum limit of orders and the total client exposure, and increase margin when market conditions require. A spread reduction advertised at the Plus, Pro or Elite tier is a stated price point, not a guaranteed one, since the same trading conditions give the firm room to widen spreads and cut leverage after the account is open.

What the fee pages say instead of a welcome offer

Rather than a sign-up incentive, the published fee material we read describes costs that apply once a client is in. An inactivity charge applies after a dormant period: no fee for the first six months of no trading, withdrawals or deposits, then 39 USD per month between six and twelve months, rising to 79 USD per month beyond twelve months, and not charged at all if the account balance is zero. Clients holding physical shares (buy-only, no short selling) are charged a 5% annual management fee, deducted each day as a swap, with Wednesday’s charge tripled. CFD trades on Italian instruments and the ITA40 index carry a separate Financial Transaction Tax ranging from 0.25 EUR up to 200 EUR depending on the nominal transaction value. None of this is described on the pages we fetched as a discount, credit or promotional term; it is listed as an ongoing cost structure that sits alongside, not instead of, the tiered commission and spread pricing above.

What we did not find

We read the firm’s own account-types page, its fee material and its trading-conditions text, and searched 1,444 warning-list entries mirrored from CySEC, the FCA and the FSC Mauritius, on which Investago does not appear. We did not find in that material any mention of a deposit bonus, a loyalty or cashback program, seasonal trading competitions, or any conditional promotional credit of the kind some CFD brokers advertise. That silence is a statement about what the pages we fetched cover, not a finding that Investago runs no such program elsewhere; we report what is on the pages, and the pages describe tiered spread and commission pricing, an inactivity fee schedule, a physical-share management fee and a transaction tax, and nothing styled as a promotional offer.

Opening an Account

Investago is a trading brand of Wonderinterest Trading Ltd, a Cyprus firm the firm’s own about page names as holding CySEC licence 307/16; we checked the Cyprus Securities and Exchange Commission register directly and found an active CIF licence under that number for Wonderinterest Trading Ltd. We also checked the Cyprus Registrar of Companies, which lists Wonderinterest Trading Ltd as company HE 332830, a Limited Company registered 29/05/14 with status Active. The firm’s about page also names Wonderinterest Trading s.r.o., a tied agent supervised by the Czech National Bank with a registered office at Na Příkopě 28, Prague, as a second entity providing investment services under the same group. We searched 1,444 warning-list entries mirrored from CySEC, the FCA and the FSC Mauritius, running a positive control first so an empty result means something, and Investago matched none of them.

Account tiers on offer

The firm’s German-market homepage describes a single “Investago” account as a free trading account with a minimum deposit from 0 USD, bundled with support in the client’s local language, customer service and access to what the page calls exclusive analyses. Separately, the firm’s UAE-market accounts page sets out four tiers with much higher entry points: Investago Start (minimum 50,000 USD) with base commission and spread; Investago Plus (minimum 125,000 USD) with commission on CFD stocks cut by 33% and spread cut by 25%; Investago Pro (minimum 250,000 USD) with commission cut by 66% and spread cut by 50%; and Investago Elite (minimum 500,000 USD) with no commission on CFD stocks and the lowest spread tier. We fetched both pages for this review and report both structures as they stand; the pages do not reconcile the free entry-level account against the tiered minimums, and we did not find a page explaining how a client moves between them.

What Wonderinterest Trading Ltd asks for to fund the account

The firm’s about page sets out two funding routes with their own verification demands. A credit or debit card deposit requires the client to submit a copy of the card, front and back, with the middle eight digits and the CVV covered. A bank transfer or payment account deposit requires a confirmation document showing the account holder’s full name, account number, and the date and amount of the transfer. The same page states plainly that third-party or cash deposits are not allowed, so the funding source has to be an account held in the client’s own name. The page groups this material under a “Documents for Registration” heading, and in the same section states that client personal data, account documents and communications are retained for at least 5 years after the business relationship ends, extendable by CySEC’s request to a further 7 years, for a client whose data can sit on file for up to 12 years after they close the account.

Who Investago will and won’t open an account for

The account restrictions in our evidence are trading-condition restrictions rather than nationality or eligibility rules. The firm’s about page states that leverage is capped at 1:30 for retail clients at position opening, citing CySEC and ESMA’s CFD product intervention measures, so a retail applicant opens the account already subject to that ceiling regardless of what leverage the marketing pages elsewhere advertise. The same page limits a demo account to 30 days, after which the client has to switch to a live account to keep trading on the platform. For clients who do fund a physical-stock position, the about page notes trading is buy-only with no short selling, and the position carries the 5% annual management fee described elsewhere in our evidence. None of the pages in our evidence give a jurisdiction-by-jurisdiction list of who may or may not apply; the only client-eligibility distinction the firm’s own material draws is retail versus the leverage and margin terms that follow from that status, including the automatic liquidation of positions once margin falls below 50% for a client who is not logged in to receive the 100% margin call notice.

Our earlier review reported that Investago operates alongside other consumer-facing names, including Zetano, under the same CySEC licence 307/16 and the same legal entity; that claim comes from our earlier review rather than from a page Investago itself published in our evidence, and we did not independently confirm it against the firm’s own fetched pages.

Deposits & Withdrawals

Getting money into an Investago account

Investago’s own documentation, published on its about page under Wonderinterest Trading Ltd, sets out two funding routes: card and bank transfer. A card deposit requires the client to submit a copy of the card showing the front and back, with the middle eight digits and the CVV covered. A bank transfer requires a confirmation document showing the account holder’s full name, account number, and the date and amount of the transfer. The same page states that third-party deposits and cash deposits are not allowed, which pushes every funding route back to a paper trail in the client’s own name.

The account tiers themselves are not uniform across the pages we fetched. Investago’s general account page (aimed at a German-language audience) advertises a free trading account “from 0 USD”, while a separate accounts page aimed at the UAE lists several named tiers, including Investago Start, Plus, Pro and Elite, with minimum deposits starting at 50,000 USD and rising to 500,000 USD for Elite. Those higher tiers buy lower commission and tighter spread on CFD stocks (33% lower commission and 25% tighter spread at Plus, 66% and 50% at Pro, and zero commission with the lowest spread at Elite), rather than anything to do with the deposit or withdrawal mechanics themselves.

What Investago charges for standing still

The Trading Conditions material we read sets a maintenance fee for inactive accounts: nothing for the first six months, then 39 USD a month once an account has gone six to twelve months without a trade, withdrawal or deposit, rising to 79 USD a month past twelve months. The fee is not charged if the account balance is zero, which limits it to accounts that still hold client money and simply stopped moving. Left unaddressed, that fee is a direct, compounding draw on a dormant balance rather than a one-off charge.

Clients holding physical shares (buy-only, per the same page, since short selling isn’t offered on that instrument) face a separate 5% annual management fee, deducted each day as a swap, with Wednesday’s charge tripled to cover the weekend. That is a running cost on the position itself, on top of whatever a client paid or will pay to move money in and out.

A third charge applies narrowly: the fee material lists a Financial Transaction Tax on transactions in Italian CFDs and the ITA40 index, tiered from 0.25 EUR up to 200 EUR depending on the nominal value of the transaction. It only touches clients trading those specific instruments, but it is a transaction-level cost the account statement will show separately from spread or commission.

Conditions that can move against a funded account

The same Trading Conditions page states that Investago reserves the right to expand spread according to its discretion, reduce leverage, set the maximum limit of orders and the total client exposure, and increase margin when market conditions require. That is a broad, one-sided reservation: the firm can widen the cost of trading and demand more margin from an already-funded position without the client having agreed to a specific new term in advance. The same page sets the margin call at 100% and states that a client is notified of it only if logged in, with automatic liquidation triggered once margin falls below 50%; a client who isn’t watching the platform at that moment gets no warning before positions are closed out.

On data, the about page states that personal data, account documents and communications are kept for at least five years after a client relationship ends, extendable by up to a further seven years at CySEC’s request, a total window of up to twelve years that outlasts the account itself.

What the pages we fetched don’t say

The material we read covers the inactivity fee, the physical-share management fee and the Italian FTT in specific figures, and covers card and bank-transfer deposit verification in specific detail. It says nothing about a schedule of withdrawal fees, processing times, minimum withdrawal amounts, or which currencies a withdrawal can be paid out in. That’s a gap in what we were able to fetch, not a claim that no such charge or limit exists.

Separately, the firm’s own risk disclosure on the same page states that 73.31% of retail investor accounts lose money trading CFDs with this provider, a concrete figure rather than the generic risk language most CFD providers publish.

Customer Support

Investago splits its support desk in two: a general support line and a separate dealing line, which suggests order-execution queries are routed away from account queries rather than through one number. The support line is +357 25 010426, staffed Monday to Friday, 8:30 to 17:00, with support@investago.com as the email address. The dealing desk has its own number, +357 25 010436, and its own email, dealing@investago.com. There is also a Czech-language local support centre, +420 538 890 392, also Monday to Friday 8:30 to 17:00.

Why Investago runs a Czech line alongside a Cyprus one

The firm’s own pages name two entities: Wonderinterest Trading Ltd, the CySEC-licensed firm (licence 307/16) that operates the Investago brand out of Cyprus, and Wonderinterest Trading s.r.o., described as a tied agent providing investment services from a registered office at Na Příkopě 28, Prague 115 03, supervised by the Czech National Bank. The separate Czech phone line matches that structure: a client routed to the Prague number is dealing with a tied agent of the Cyprus firm, supervised by a different regulator than the one that licenses Investago itself.

The base Investago account is described on the firm’s own page as including “support in local language” alongside “customer service” and “access to exclusive analyses”. That is a feature of the entry-level tier rather than a separate paid service, and the pages we fetched do not describe what “local language” covers beyond Czech and the English/Cyprus lines listed above.

What happens if a position gets liquidated while a client isn’t watching

Investago’s own trading conditions set a margin call at 100% and automatic liquidation once margin drops below 50%, and the margin call notice only reaches a client who is logged in at the time. A client who is not logged in when margin falls gets no warning before the stop-out closes their positions. For anyone raising a complaint about a liquidation they didn’t see coming, that clause is the one that decides whether the firm owed them a warning at all, and on Investago’s own wording, it didn’t unless they happened to be logged in.

The same trading conditions give Investago the right to widen spreads, cut leverage, cap order sizes and total exposure, and raise margin requirements “according to its discretion” when market conditions require it. Any support conversation about a trade that moved against a client during volatile conditions is happening against a backdrop where the firm has reserved the right to have changed the terms of that trade as it happened.

What a complaint means for a former client’s data

Under the account-closure terms we read, Investago retains a client’s personal data, account documents and communications for at least 5 years after the business relationship ends, and that period can be extended by up to a further 7 years at CySEC’s request, meaning records tied to a client, including complaint correspondence, can sit with the firm for up to 12 years after the account closes. There is no separate complaints-handling page in the material we fetched, so we can’t say what internal escalation steps sit between the support desk and CySEC, only that CySEC is the regulator named throughout Investago’s own terms as the authority behind the firm’s licence and its data-retention obligations.

We did not find Investago on any of the 1,444 warning-list entries we checked across CySEC, the FCA and the FSC Mauritius, which is a clean result on the lists our review process mirrors rather than a clearance across every regulator that might issue one.

Prohibited Countries

The pages in our evidence do not include a country list, a restricted-jurisdictions page, or any equivalent document naming the markets Investago will or will not open an account for. What we can report instead is the regulatory scope the firm operates under, which is the closest thing the evidence gives to defining who this product is built for.

The entity and licence behind Investago

Investago is operated by Wonderinterest Trading Ltd, a Cyprus investment firm. The Cyprus Securities and Exchange Commission register confirms an active CIF licence, number 307/16, for Wonderinterest Trading Ltd. The Cyprus Registrar of Companies separately confirms the underlying entity, registration number HE 332830, a limited company registered 29/05/2014 with status Active; that is a company registry entry, not a financial licence, so it confirms the company exists and says nothing on its own about what the firm is permitted to do. A second entity, Wonderinterest Trading s.r.o., is named on the firm’s own page as a tied agent providing investment services in the Czech Republic, supervised by the Czech National Bank, with a registered office at Na Příkopě 28, Prague 115 03.

Being licensed by CySEC as a Cyprus Investment Firm is itself a marker of regulatory scope: CySEC authorisation is an EU passporting licence, and the firm’s own trading-conditions page states that leverage for retail clients is capped at 1:30 at position opening under EU product intervention rules on CFDs. That cap is the EU-wide retail limit on CFDs, and a firm only needs to apply it to clients it treats as falling inside that regime.

What Investago’s own pages say, and do not say, about who can open an account

The account-opening material we fetched covers verification documents, deposit methods and account tiers, not nationality or residency eligibility. It requires a copy of the client’s card, front and back, with the middle eight digits and the CVV covered, for card deposits, and a transfer confirmation showing the account holder’s full name, account number, date and amount for bank transfers, and it states plainly that third-party or cash deposits are not accepted. None of that material states a list of excluded countries; it describes verification and funding mechanics, not geographic eligibility.

We also searched 1,444 warning-list entries mirrored from CySEC, the FCA and the FSC Mauritius, running a positive control against a firm known to be listed on two of those registers first so an empty result could be trusted. Investago does not appear among the 1,444 entries. That result speaks to whether any of those three regulators has issued a public warning against the firm, which is a narrower question than which countries the firm will or will not accept clients from, and it should not be read past that scope.

Put together, the evidence in our evidence establishes a licensed Cyprus entity operating under an EU retail leverage cap, a Czech tied agent under separate national supervision, and funding rules that block third-party and cash deposits, but it does not include a document from Investago stating which countries or residents are excluded from its service.

Conclusion

Investago is Wonderinterest Trading Ltd’s CySEC-licensed CFD brand, and the paperwork behind the trading terms tells the more useful story than the marketing pages do. A CIF licence number checks out on the register; the account structure and the contract clauses that sit under it are where the caution belongs.

What the registers actually confirm

We searched the Cyprus Securities and Exchange Commission register directly and it shows licence 307/16 as an active CIF authorisation for Wonderinterest Trading Ltd, matching the claimed status. We also searched the Cyprus Registrar of Companies, which lists Wonderinterest Trading Limited as company HE 332830, a limited company registered 29/05/14 with active status; that confirms the company exists, not that it holds a licence, and the two searches are separate checks for a reason. We ran a positive control on both registers before treating any absence as meaningful, and we searched 1,444 warning-list entries mirrored from CySEC, the FCA and the FSC Mauritius, finding no match for Investago or Wonderinterest on any of them. That last point is a real finding, not a guess, but it only covers the three regulators we mirror.

What Investago charges and what its own terms allow it to change

The firm’s own trading-conditions material sets out an inactivity maintenance fee of 39 USD a month once an account has sat untraded for 6 to 12 months, rising to 79 USD a month past 12 months, with no charge before six months and none on a zero balance. Physical share holdings carry a 5% annual management fee deducted each day as a swap, with Wednesday’s charge tripled, and physical share trading is buy-only with no short selling. Italian CFD and ITA40 transactions carry a Financial Transaction Tax tier of 0.25 to 200 EUR depending on nominal value. Beyond the fee schedule itself, the trading conditions state that Investago can expand spreads, reduce leverage, cap order sizes and total exposure, and raise margin requirements at its own discretion when market conditions require it, and that margin calls at 100% are notified only to clients who are logged in, with automatic liquidation once margin falls below 50%. Read together, those are wide discretionary powers sitting alongside a cost structure that penalises inactivity and long-term share holding specifically.

Account tiers and what Investago’s pages say they cost

The account-types page lists a free entry-level Investago account with no stated minimum, then four tiers scaled almost entirely by deposit size: Investago Start (minimum 50,000 USD), Plus (minimum 125,000 USD) with CFD stock commission cut by a third and spread cut by a quarter, Pro (minimum 250,000 USD) with commission cut by two-thirds and spread halved, and Elite (minimum 500,000 USD) with no commission on CFD stocks and the lowest spread. Better pricing is tied to deposit size rather than to any separate credit or bonus offer described on the pages we fetched, which only describe fees as spreads, commission and the charges listed above.

Platform and support

MetaTrader 5 is described as the sole trading platform, available on Windows desktop, iOS and Android, and via a web terminal; there’s no in-house platform alternative on offer. Support runs through a Cyprus phone line and support@investago.com, a separate dealing desk line and email, and a Czech local support number, all listed on the firm’s own about page, with the Cyprus lines operating Monday to Friday 8:30 to 17:00.

What to weigh before opening an account with Investago

The firm’s own risk disclosure states that 73.31% of retail investor accounts lose money trading CFDs with this provider, a figure it is required to publish and worth reading against the discretionary spread, leverage and margin terms above. An earlier review, not independently confirmed against Investago’s own pages in this check, reported that Investago and a brand called Zetano trade under the same CySEC licence and the same legal entity as Wonderinterest Trading Ltd; if accurate, that would mean comparing those brands is comparing one balance sheet with itself, though that point rests on our earlier review rather than on anything Investago’s own pages state.

Investago holds a confirmed, active CySEC licence (307/16) and a clean check against 1,444 mirrored warning-list entries, but its inactivity fees, discretionary spread and margin terms, and deposit-scaled account tiers pull the overall score to 5.2 out of 10. Our previous review of Investago scored it 5.0 out of 10; the change comes from new evidence and our current criteria, not from anything the firm itself changed.

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