Planet Invest Limited

Introduction

Planet Invest Limited is a broker firm that operates in the financial market, providing its clients with a platform for trading a variety of assets. This review aims to provide an objective overview of the company, its services, and its performance in the market.

Company Profile

Background

Planet Invest Limited is a relatively new player in the financial market, having been established in recent years. The company offers a range of services, including trading in stocks, commodities, indices, and cryptocurrencies.

Regulatory Status

One of the first things to note about Planet Invest Limited is that it is not currently regulated by any recognized financial authority. This is a significant point of concern, as regulation is a key factor in ensuring the safety and security of a broker’s client’s funds.

Services and Offerings

Trading Platform

Planet Invest Limited offers a web-based trading platform, which is accessible from any device with an internet connection. While this is convenient, the platform lacks the advanced features and tools that more experienced traders might look for.

Asset Range

The company offers a reasonably wide range of assets for trading, including stocks, commodities, indices, and cryptocurrencies. However, the lack of detailed information about these assets on the company’s website can be problematic for traders seeking to make informed decisions.

Customer Service

Customer service is another area where Planet Invest Limited falls short. The company does not provide a customer service phone number, and the only way to reach them is via email. This can lead to slow response times and unresolved issues.

Account Types and Fees

Account Types

Planet Invest Limited offers several different account types, each with its own set of features and benefits. However, the minimum deposit required to open an account is quite high, which may be a barrier for some traders.

Fees

The company’s fee structure is also a point of concern. While the trading fees are relatively low, Planet Invest Limited charges high withdrawal fees. This can significantly eat into a trader’s profits.

Conclusion

While Planet Invest Limited offers a range of trading options and a user-friendly platform, there are several areas where the company falls short. The lack of regulation, poor customer service, high minimum deposit, and high withdrawal fees are all significant drawbacks.

Potential clients should carefully consider these factors before deciding to trade with Planet Invest Limited. It’s always advisable to research and compare different brokers before making a decision, to ensure the safety of your investments and a positive trading experience.