Investago is a registered brand name of Wonderinterest Trading Ltd with registration number HE 332830. Wonderinterest Trading Ltd is a Cypriot Investment Company (CIF) under the supervision and regulation of the Cyprus Securities and Exchange Commission (CySec) with license number 307/16, registered office 176, Makariou III Avenue, Paschalis Avenue House, Agia Zoni, Limassol, Cyprus.

• Reception and transmission of orders in relation to one or more financial instruments

• Execution of orders on behalf of clients

• Provision of investment advice

• Safekeeping and administration of financial instruments, including custodianship and related services   

• Foreign exchange services where these are connected to the provision of investment services   

• Ιnvestment research and financial analysis or other forms

• Transferable securities.

• Money-market instruments.

• Units in collective investment undertakings.

• Options, futures, swaps, forward rate agreements and any other derivative contracts relating to securities, currencies, interest rates or other derivative instruments, financial indices or financial measures which may be settled physically or in cash.

• Options, futures, swaps, forward rate agreements and any other derivative contracts relating to commodities that must be settled in cash or may be settled in cash at option of one of the parties (otherwise than by reason of default or other termination event).

• Options, futures, swaps, forward rate agreements and any other derivative contracts relating to commodities that must be physically settled provided that they are traded on a regulated market or/and an MTF.

• Options, futures, swaps, forward rate agreements and any other derivative contracts relating to commodities that must be physically settled not otherwise mentioned in point 6 of Part III and not being for commercial purposes, which have the characteristics of other derivative financial instruments, having regard to whether, inter alia, they are cleared and settled through recognised clearing houses or subject to regular margin calls.

• Derivative instruments for the transfer of credit risk financial contracts for differences.

• Options, futures, swaps, forward rate agreements and any other derivative contracts relating to climatic variables, freight rates, emission allowances or inflation rates or other official economic statistics that must be settled in cash or may be settled in cash at the option of one of the parties (otherwise than by reason of default or other termination event), as well as any other derivative contract relating to assets, rights, obligations, indices and measures not otherwise mentioned in this Part, which have the characteristics of other derivative financial instruments, having regard to whether, inter alia, they are traded on a regulated market or an MTF, are cleared and settled through recognised cleaning houses or are subject to regular margin calls.      

• The company has entered into the Tied Agent agreement with Wonderinterest Trading s.r.o.

Types of orders: Investago provides clients with the following types of orders: Buy, Sell, Buy Limit, Sell Limit, Buy Stop, Sell Stop, Take Profit, Stop Loss, Trailing Stop.

Trading hours: Trading hours for forex, commodities, indices, and stocks can be found here.

Instruments: The full list of available trading instruments next to the underlying asset and the exchange where they are actively traded can be found here.

Rollovers: Please note that in case of a rollover this will be automatically charged to your account by increasing or decreasing the swap.

Demo account is limited to 30 days, then you have the option to switch to real account.

Types of accounts: Investago provides its clients with the following:

• Floating (typical) spreads; market conditions may cause spreads to widen or narrow beyond typical spreads

• Wide range of instruments (forex, precious metals and CFD)

• Trading standard lots

• Spreads from 3 pips for EUR/USD

• Minimum entry deposit $ 250 as a bank transfer

• Lever up to 1: 100

*Margin requirement for opening new positions will be calculated based on the new reduced leverage.

** As per CySEC’s Announcement published of 28th March 2018 in relation to the Press Release for the product intervention measures on CFDs, issued by the European Securities and Markets Authority (“ESMA”), the leverage limits on the opening of a position by a retail client should be 1:30. If you are an experienced client and able to bare and understand the risks involved in the trading on higher margin, you may request a higher level of leverage and your request will be reviewed.

Note: Please note that the default leverage offered during the account opening process is set to max. 1:30. The client can request trading with a higher leverage effect and based on his knowledge and experience, this request will be assessed.

Swaps: They are charged at the end of each business day. They are triple on Wednesday. You can find swap points for xStation here.

Margin Call: Clients are notified by the platform at 100% margin level that they are getting close to the automatic liquidation of their positions. Clients will only receive automatic notification if they are logged in to the platform. Therefore, clients are advised to log in to the platform regularly and monitor the value of their assets and relevant notifications. Clients are also notified that when their margin falls below 50%, the platform will automatically close their positions.

Protection against negative balance: The company guarantees that the maximum loss on client accounts will never exceed the available funds of clients in specific accounts. Thus clients' balances are never negative, so you never lose more than what you've already entered, even in the event of strong fluctuations. The wise risk management is performed by a professional staff of experts to ensure that you are not exposed to unnecessary risks.

Dividend Settlement: Shares and cash Indices reflect corporate events, so you will be entitled to a dividend payment if you have an open long position in the relevant shares and if a short position is opened you will be written off a value equal to the dividend. If the dividend settlement relates to shares that you trade and whose positions were opened at the latest at the end of the day preceding the first day without the right to a dividend (so-called Ex-dividend day), the company will apply the dividend settlement. In the case of CFD transactions relating to individual shares, the settlement of dividends will be used as follows:

• Clients holding long equity positions (CFDs) will be credited with dividends based on ex-dividend settlement.

• Clients holding short positions in individual shares (CFDs) will be deducted dividends based on ex-dividend settlement.

Please note that dividends may be subject to tax. The company may terminate or change the settlement of dividends, in particular on the basis of changes in the law, changes in the regulatory system, the tax rate or withholding tax requirements to the relevant tax administrator.

Maintenance fee: This is a fee of up to EUR 100 (or the equivalent in the chosen currency) or a lower balance on your account, which will be charged if the trading account is inactive or inactive for a period of 1 month, as defined in the Terms and Conditions.

The maintenance fee will be charged to accounts that meet the above conditions every month, beginning with the first month of inactivity (PDF).

FTT: All transactions on Italian CFDs and ITA40 are subject to financial transaction tax (FTT). The tax is charged as a fixed fee related to the nominal value of the transaction, as set out below:

Up to 2 500 EUR: 0.25 EUR

2 500 – 5 000 EUR: 0.5 EUR

5 000 – 10 000 EUR: 1 EUR

10 000 – 50 000 EUR: 5 EUR

50 000 – 100 000 EUR: 10 EUR

100 000 – 500 000 EUR: 50 EUR

500 000 – 1 000 000: 100 EUR

More than 1 000 000 EUR: 200 EUR

As a fully licensed and regulated investment firm, our Company must adhere to strict industry standards and guidelines when it comes to the verification of all potential customers.

That’s why we request that our Clients prove their identity with a supported ID document or passport along with Proof of Residency when they open an account and wish to use our services.

Please find below the list of documents required for the activation and verification of your account.

1)     POI - Proof of Identity

POI must be issued by a state administration, valid and all 4 corners of the document must be visible.

• Passport

• Identity card – both sides

• Driving license – both sides

A clear scanned copy should show the following details:

• Photo and Full name

• Date of birth

• Signature

• Nationality

• Issuing authority

• Expiry date (if missing then the Issue date must be visible)

• Document number (ID number, Passport number)

• MRZ number (if any)

*The address on the POI does not have to be the same as the address given during registration

Disclaimer: As per Law 188(I)/2007, as amended from time to time, For the Prevention of Money Laundering and Terrorist Financing, Paragraph 66(2): “It is prohibited for persons engaged in financial or other business activities to open or maintain anonymous or numbered accounts or accounts in names other than those stated in official identity documents.” Therefore, you are kindly requested to complete your registration with accurate information, corresponding to the information on your identity and residence documents.

2)    POR - Proof of Residence

In order to complete the verification of residence process, we kindly request a clear copy of your address. This copy should display your usual place of residence, which may differ from your permanent address.

Please provide us with a clear copy that includes the following details:

• Full name

• Residential address

• Date of issue

• Name and details of issuing company

We accept the following documents as valid Proof of Residence:

• Bank statement with the date of issue and the name of the person.

• Utility bill (gas, electricity, water, internet, etc.) linked to the property.

• Document from a recognized public authority or public servant

• Government-issued Certificate of Residence

Any of the mentioned documents reflecting your name and current residential address, not older than 6 months, will suffice.

Please note that the following documents will not be accepted:

• Insurance (life, car insurance, etc.)

• Invoice for mobile services

• Handwritten documents
  

The necessary documents required in order to approve a corporate account are listed below:

1) CAO Questionnaire: Issued by our company in English.

2) BoD Resolutions: Resolution of the Board of Directors of the Client for the opening of the account and granting authority to those who will operate it. – issued by our company, must be filled in English.

3) BoD Authorized: Authorizing the Representative person to act on behalf of the Client - issued by our company.

4) CRS Self – Certification.

5) FATCA Self – Certification.

6) Limited Power of Attorney.

7) A recent certified copy of the company extract from the registrar in English or a recent certified copy of the company extract from the registrar and certified translation from the original language to English – in case this is not provided, the following documents are required:

I.    Certificate of incorporation;

II.    Recent (up to 6 months) certificate of good standing;

III.    Certificate of registered office – company bank account statement can also be accepted if it shows the address properly

IV.    Certificate of directors and secretary;

V.    Certificate of shareholders;

VI.    Memorandum and articles of association;

VII.    Financial statement of the previous year.

8) Recent bank account statement from the company account from which the client is going to send money

9) If the registered shareholders act as nominees of the Beneficial Owner, a copy of the trust deed/agreement concluded between the nominee shareholder and the Beneficial Owner, by virtue of which the registration of the shares on the nominee shareholder’s name on behalf of the Beneficial Owner has been agreed.

10) For each Director, registered shareholder (in case there are several shareholders with small amounts of shares, only the ones that hold at least 25% of the shares) or/and a Beneficial Owner of the Client who is a natural/physical person, as per the certificate of Directors, the following documents are required:

• Proof of identity

• Proof of residence

11)   For each Director or registered shareholder of the Client, who is a legal entity, as per the Certificate of Directors, the following documents are required:

I.    Certificate of incorporation;

II.    Recent (up to 6 months) certificate of good standing;

III.    Certificate of registered office;

IV.    Certificate of directors and secretary;

V.    Certificate of shareholders;

VI.    Memorandum and articles of association.

12)   For Representatives authorized to open and/or operate the Client’s account, the following documents must also be provided for each Representative person:

• Proof of identity

• Proof of residence

13)   Certificate of good standing of the Client, issued by the Registrar of Companies

14)   Confirmation of LEI code

Disclaimer: Under the applicable regulatory framework (General Data Protection Regulation (EU) 2016/679 and Directive 2014/65/EU – MiFID II), the company shall keep records containing client's personal data, trading information, account opening documents, communications and anything else which relates to the client for at least 5 (five) years after the termination of the business relationship with the client. Where requested by the competent authority (the CySEC), unless otherwise provided for by national law, for additional period of up to 7 (seven) years.

In order to ensure the security of our clients and transactions in the financial environment, our company has implemented a Compliance Procedure for Online Payments.

To comply with the highest standards of acceptance of deposits and withdrawals, we require the following for the chosen payment method:

1) Copy of Credit/Debit Card

• Front side:Your Full name, Expiration Date, first 4 digits, and the last 4 digits of the payment card.

• Back Side: Your signature.

For security purposes, please cover the 8 middle digits on the front copy of your credit card and the security code (CVV) on the back.

2) Proof of the online payment account

• Your full name.

• Account number.

• Date of transfer.

• The Exact amount of the transfer.

Please note that third-party deposits or cash deposits are not allowed.

All information pertaining to your credit/debit card is processed in accordance to ensure privacy and security. Furthermore, deposits and withdrawals are only processed through licensed and regulated payment providers.

Procedure for activating the account

Kindly note that your account will be ready for trading once all required documentation is provided and verified. You will not be able to trade if the balance of your account is zero.

Other documents

In case you do not have proof of residence on your behalf, we will ask you to provide us with the following documents from a close family member who lives with you in one household (mother, father, wife, or husband):

• POI Client's identity verification

• POR Verification of the client's residence

• In the case of the mother/father we need the birth certificate of the client

• In the case of wife/husband we need a marriage certificate