About WIT Invest
Company Overview
WIT Invest is the trading name of World of Investment Technologies Ltd., a forex and CFD broker registered in Saint Vincent and the Grenadines (SVG). The company lists its address as Suite 305, Griffith Business Centre, P.O. Box 1510, Kingstown, and claims to have been founded on 8 April 2019. It operates the website wit-invest.com, which is available in multiple languages including English, Russian, and Chinese.
Regulatory Status
WIT Invest is not regulated by any financial authority. The broker is registered in SVG, but registration with the SVG Financial Services Authority does not constitute a regulatory license for forex or CFD brokerage activities. Traders should be aware that this means there is no independent oversight, investor compensation scheme, or formal dispute resolution mechanism. The absence of regulation is a significant consideration when assessing the broker's trustworthiness.
Trading Platforms and Instruments
The broker offers the MetaTrader 4 (MT4) platform, a widely used trading terminal known for its charting tools, automated trading via Expert Advisors, and custom indicators. WIT Invest also provides a web-based trader panel with real-time quotes and an economic calendar. The instruments available include forex majors (EUR/USD, GBP/USD, etc.), crosses, and CFDs on commodities such as gold and oil, as well as indices and cryptocurrencies. All trading is conducted on a leveraged, over-the-counter basis.
Account Types and Features
WIT Invest uses a multi-account system: a Main Account for deposits and withdrawals, a Trading Account for executing trades, and an Investment Account for PAMM investments. Clients can transfer funds between these accounts freely. The broker offers a demo account for practice and a standard live account. Leverage and spreads are not explicitly disclosed on the website, but the affiliate program promises up to 78% of the spread as a rebate, suggesting competitive spreads.
PAMM and Investment Services
A notable feature of WIT Invest is its PAMM (Percentage Allocation Money Management) service. This allows account managers to trade with pooled investor funds, sharing profits according to a set commission structure. Investors can choose managers based on performance statistics. The PAMM system is integrated into the client's Personal Area, where both managers and investors can monitor performance. This service targets traders who wish to invest passively.
Additional Services and Programs
The broker runs an affiliate program that offers up to 78% spread rebates, aiming to attract partners who can refer new clients. A loyalty program is also mentioned, though specifics are scarce. WIT Invest provides 24/7 customer support via a callback request form and possibly live chat (not confirmed). The site includes a news section with an economic calendar, and the public offer agreement outlines the terms and conditions for trading and investing.
Target Audience
WIT Invest appears to target retail forex traders globally, with a particular emphasis on Russian-speaking and Chinese-speaking markets, as evidenced by the localized subdomains. The PAMM service appeals to both active traders who wish to manage investor funds and passive investors seeking managed accounts. The affiliate program is designed to attract partners in various regions. However, the lack of regulation may limit its appeal to risk-averse traders.
Overview compiled by FXCanary from regulatory records and public data. full WIT Invest review