Investico

Investico is the trading name of Faraz Financial Services (PTY) Limited, a brokerage incorporated in South Africa on August 28, 2023. The company is headquartered at Unit 9, 31 First Avenue East, Parktown North, Johannesburg, Gauteng, 2193. It claims to offer online trading services in a variety of financial markets.

Despite its recent establishment, Investico presents itself as a broker catering to traders looking for flexible leverage and multi-asset exposure. However, the firm reports zero employees, which may raise questions about its operational capacity.

Investico holds a single regulatory license from the Financial Sector Conduct Authority (FSCA) of South Africa under license number 45518. The license is categorized as a Derivatives Trading License (EP). This means the broker is authorized to act as a derivative provider in the South African jurisdiction.

Traders should note that FSCA regulation provides a certain level of oversight, but it is not as stringent as top-tier regulators like the FCA or CySEC. The status of the license is not specified, so clients are advised to verify the current standing directly with the FSCA.

Investico offers four account tiers designed to accommodate different deposit sizes. The Basic account requires a minimum deposit of $250 and offers spreads from 3.0 pips on EUR/USD. The Gold account requires $25,000 with spreads from 2.7 pips.

The Platinum account requires $100,000 with spreads from 2.1 pips. The VIP account requires $250,000 with spreads from 1.6 pips. All accounts provide maximum leverage of 1:400.

Commission and other fees are not disclosed, so traders should inquire directly about additional costs. The high minimum for VIP and Platinum accounts suggests these are aimed at high-net-worth individuals, while the Basic account targets retail traders.

The broker advertises its own proprietary platform called Investico webtrader. According to the company, the platform is intuitive and optimized for easy trading. The range of tradable instruments includes cryptocurrencies, currencies, stocks, commodities, and indices.

No specific details about the number of instruments or trading tools are provided. The platform appears to be web-based, as suggested by the name, but mobile or desktop versions are not mentioned. Traders may need to rely on the broker's website for further technical specifications.

Investico positions itself as a broker for traders who appreciate high leverage (up to 1:400) and want access to multiple asset classes from a single account. The tiered account structure allows traders to choose a level that matches their capital.

However, given the firm's recent inception, lack of employee disclosure, and mixed user reviews, Investico appears to be a high-risk option. It may suit experienced traders who are comfortable with unregulated or lightly regulated brokers and who prioritize leverage over security. Beginners or conservative investors are likely better served elsewhere.