Invest.com made headlines a little more than a year ago when it became known that Moshe Hogeg’s Singulariteam investment fund had acquired the coveted domain for $5 million.
Now, the new online stock trading platform has announced that it has raised $20 million and the begun operations in the UK.
‘Hedge fund for the masses’
The new investment platform defines itself as a ‘hedge fund for the masses.’ Unlike traditional hedge funds that require a large sum of starting capital investment, however, Invest.com investors can start investing with an initial deposit of £500.
Similar to hedge funds, the investment platform’s portfolio management is based on seven different investment strategies to try and achieve returns even in a down market. Among other aspects, one can invest in foreign currencies, futures, bonds, stocks, and more. The platform uses algo-trading, or automated trading using algorithms, that enables a quick response to market changes in a constant and dynamic way and based on the personal preferences of each investor. Another emphasis on Invest.com is on the liquidity of the investment, where the investor can withdraw their money at any time.
If the investor wishes to manage their own investments, they can do so with an initial deposit as low as £500 and if they want to consult the portfolio management services of Invest.com, they can do so with an initial deposit of at least £1,500.
Each user answers an automatically generated questionnaire that recommends the user about percentages of investments that vary between 10 percent to 40 percent through the different investment channels according to their answers.
The company charges a management fee of 1.5 percent and 15 percent of the profit on an investment. As a part of its launch campaign, the company is dropping its management fee for new users during their first month on the platform.
Users can view their portfolio’s performance at any time using the site’s dedicated application and compare it with other indices, such as the S&P 500, and see exactly how much management fees they are paying in comparison. The platform is supervised by the Cyprus Securities and Exchange Commission (CySec).
Invest.com was established in December of 2014 by Ophir Gertner, an entrepreneur who had already founded a search engine and portal for European real estate, and has previously served as the vice president of business development at iFOREX.
The company’s $20 million first venture round was led by Singulariteam, which Moshe Hogeg and Kazakh multi-millionaire Kenes Rakishev founded, and the Chinese company Renren. The company expects to begin operations in additional markets including Germany, Italy, Russia, Asia and the Middle East by the end of next year.
In response to the latest venture round, Moshe Hogeg the founder and senior partner at Singulariteam, told Geektime, “ I welcome the completion of the latest venture round for Invest.com, a step that shows us the future of investing.” Hogeg then added, “Invest.com’s
technology brings a refreshing change into the world of alternative investments, allowing each individual to diversify their portfolio and maximize their profits, while being protected from the instability of the different international markets.”