Invidia Trade Review

Invidiatrade, formerly known as EnviFX, is a forex and CFD broker operated by Envi LLC which began operations in 2023. The company is licensed by the MWALI International Services Authority in Comoros (license number T2023238) and is registered with the Financial Services Authority in Saint Vincent and the Grenadines (registration number 706 – 2020). Its main office is located in Paralimni, Cyprus.

Traders have access to multiple platforms tailored to different trading styles and experience levels. These include:

• TradingView + DX - A web-based platform that offers advanced charting tools via TradingView and uses DX Trade on the backend.
• MT Cloud 4/5 – These are cloud-based versions of MetaTrader 4 and MetaTrader 5 which are available on desktop and mobile apps.
• CloudVisionX – This is a proprietary platform designed for an intuitive and user-friendly experience and is aimed at both beginners and experienced traders.
• CloudTraderVue – A proprietary platform designed to be user friendly and is aimed at beginner traders.

The broker provides quite a diverse range of trading instruments, including forex pairs (200+), indices, commodities, shares, and cryptocurrencies. Although by no means the highest, the 500:1 leverage offered on all accounts is not bad – especially for U.S. traders, which this broker does accept.

Invidiatrade offers 4 different account types to cater to a variety of trading needs/trading-styles however their commission and spread structure do seem to be a bit on the high side All accounts offer 500:1 leverage, STP execution with level 2 pricing but differ in the typical spreads and commission rate:

• Standard Account – Spreads starting at 0.8 pips and commission of $8 for a round trip.
• Pro Account –Spreads starting at 0.4 pips and commission of $9 for a round trip.
• Var Account – Spreads starting at 1.2 pips and no commission.
• Mini Account – Spreads starting at 1.0 pips and commission of $4 for a round trip, however only 29 pairs are available to trade.

Invidiatrade also provides a PAMM (Percent Allocation Management Module) service which allows clients to have professional traders manage positions on their behalf which allows them to benefit from the experience of the professional traders.

Client funds are kept in segregated accounts ensuring that customer deposits are kept separate from the companys operational funds.

Deposits and withdrawals can be made using various methods, including bank wire transfers, credit and debit cards and cryptocurrencies (BTC, USDT, ETH, LTC, XRP).

While Invidiatrade is licensed and registered in offshore jurisdictions, traders are always advised to conduct thorough due diligence when not dealing with brokers that are regulated by top tier regulatory authorities.

Overall, Invidiatrade offers a variety of platforms and a flexible account structure, however is somewhat let down by it less competitive trading conditions. Its proprietary trading solutions and PAMM services provide additional value to traders and its acceptance of U.S clients is notable.