ROInvesting
Pros and Cons
Pros
- Regulated by Cyprus Securities and Exchange Commission (CySEC)
- Diverse range of trading instruments including forex, commodities, indices, stocks, and cryptocurrencies
- Trading platform: MetaTrader 4 with advanced tools and features
- Comprehensive educational resources including webinars, tutorials, and market analysis
- Strong customer support available through multiple channels
Cons
- High withdrawal fees reported by users
- Steep inactivity fees after 60 days
- Limited trading hours for customer support
- Technical issues with platform reliability
- Regulatory concerns due to past compliance issues
Basic Information
User Reviews
ROInvesting Overview
ROInvesting is a forex broker founded in 2017 and operates under the full name of Royal Forex Limited. The broker is based in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC), ensuring compliance with European financial regulations. This regulatory oversight provides a level of security for traders, making ROInvesting a trustworthy option for those looking to engage in forex trading and other financial instruments.
As a broker, ROInvesting offers a diverse range of trading instruments, allowing clients to access forex, commodities, indices, cryptocurrencies, and CFDs. The platform leverages the widely-used MetaTrader 4, providing traders with essential tools for market analysis and execution. ROInvesting stands out due to its commitment to customer support, offering assistance through various channels. Moreover, the broker provides educational resources that cater to both novice and experienced traders, enhancing their trading experience and knowledge in the forex market.
Is ROInvesting Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Cyprus Securities and Exchange Commission (CySEC) | Cyprus | Segregated Funds, Investor Compensation Scheme |
Is ROInvesting Regulated and How Are Client Funds Protected?
ROInvesting is a regulated forex broker, operating under the oversight of the Cyprus Securities and Exchange Commission (CySEC) since its establishment in 2017. This regulation provides a framework that ensures compliance with European financial standards, enhancing the legitimacy and safety of the trading environment for clients.
Client funds are protected through several measures, including the segregation of clients’ funds into separate accounts from the broker’s operational funds. This segregation ensures that, in the event of financial difficulties, clients’ assets remain shielded from creditors. Additionally, ROInvesting participates in an Investor Compensation Scheme, which offers clients coverage of up to €20,000 in case of unforeseen incidents affecting their investments.
Overall, ROInvesting’s regulatory status and commitment to fund protection mechanisms contribute to a safe trading environment, making it a trustworthy option for traders seeking to engage in forex and other financial instruments.
Trading Products and Services
What Trading Instruments Does ROInvesting Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | 40+ |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | Multiple |
| Indices | S&P 500, NASDAQ, FTSE 100, DAX | Multiple |
| Stocks | US (e.g. Apple, Tesla), UK (e.g. BP, Vodafone) | Multiple |
| Cryptocurrencies | BTC, ETH, XRP, LTC | Multiple |
ROInvesting provides a comprehensive range of trading instruments, encompassing various asset categories such as forex, commodities, indices, stocks, and cryptocurrencies. This diversity enables traders of all levels, from beginners to seasoned professionals, to access a wide array of markets. By offering numerous products, ROInvesting caters to the differing strategies and preferences of its clients, whether they are looking for short-term trading opportunities or long-term investments. The platform’s extensive selection promotes effective portfolio diversification, allowing traders to adapt their strategies and optimize their trading experience in the dynamic financial markets.
Account Types and Trading Conditions
What Account Types and Fees Does ROInvesting Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Silver Account | Beginners | Standard spreads, no commission fees | Suitable for small-capital practice |
| Gold Account | Intermediate Traders | Lower spreads, additional resources | Requires higher trading volume |
| Platinum Account | Experienced Traders | Tightest spreads, dedicated account manager | Higher investment required for access |
| Islamic Account | Clients requiring Sharia-compliant trading | Swap-free trading options | Available across all tiers |
| Demo Account | New Traders | Practice trading without risk | Valid for 14 days |
Account Opening Process
To open an account with ROInvesting, traders must complete several steps. First, they will need to submit personal information, including their name, address, and contact details. Then, employment and financial information must be provided to assess their trading experience and financial status. As part of the identity verification process, traders are required to upload a valid ID and proof of address. Importantly, ROInvesting allows for account flexibility, enabling clients to upgrade to a professional account later if they meet the necessary criteria.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 | Tight spreads for majors |
| CFDs (Stocks) | 1.5 | $0 | Varies based on stock |
| CFDs (Indices) | 1.0 | $0 | Varies based on index |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
In addition to trading fees, traders should be aware of other costs associated with their accounts. ROInvesting does not charge fees for deposits; however, withdrawal fees may apply based on the amount and recent account activity. An inactivity fee is charged for accounts that remain inactive for over 60 days, starting at €80 per month. Additionally, overnight positions may incur swap rates, which vary based on the account type. Currency conversion fees may also apply when trading different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does ROInvesting Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 4 | Windows, macOS, iOS, Android | Two-factor authentication, multiple order types, price alerts, technical indicators | Demo account, VPS hosting |
| Web Version | Any device with a browser | Encrypted login, symbol lookup, real-time alerts | No additional services |
| Mobile App | iOS, Android | Push notifications, quick order execution, customizable interface | Demo account available |
ROInvesting provides a selection of trading platforms tailored to different trader needs. The MetaTrader 4 platform is well-suited for its comprehensive features, appealing to both novice and experienced traders. The web version offers accessibility without the need for downloads, while the mobile app allows for trading on-the-go with essential functions for monitoring and executing trades. All platforms emphasize security through encrypted logins and offer various tools for market analysis and execution, ensuring a robust trading experience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Credit/Debit Card | Instant | No platform fee | Min €50, Max €10,000 per transaction | EUR, USD |
| Bank Transfer | 1–3 business days | No platform fee | Min €50, Max €20,000 per day | EUR, USD |
| e-Wallet (e.g., Skrill, Neteller) | Instant | No platform fee, 1.5% charge | Min €50, Max €10,000 per transaction | EUR, USD |
Minimum Deposit
The minimum deposit requirement at ROInvesting is €50. This amount is consistent across all payment methods and account types, providing accessibility for traders looking to begin their trading journey.
How to Withdraw
To withdraw funds from your ROInvesting account, follow these steps:
- Log in to your ROInvesting account.
- Navigate to the ‘Withdrawals’ section in your account dashboard.
- Select your preferred withdrawal method from the options available.
- Enter the amount you wish to withdraw, ensuring it meets the limits set by the broker.
- Confirm your withdrawal request and wait for processing, which varies by method.
- You will receive a confirmation once your withdrawal has been processed.
Customer Support
ROInvesting Customer Support Overview
Support Channels
ROInvesting offers multiple contact methods for customer support, ensuring traders can easily reach out for assistance. Clients can connect via:
- Email: Support is available through email, allowing for detailed inquiries regarding accounts or trading queries.
- Live Chat: The live chat feature provides instant communication with support agents for quick help.
- Telephone: Traders can call the support team for immediate assistance with their questions or issues.
- Social Media: ROInvesting maintains a presence on various social media platforms, offering another avenue for support and engagement.
Service Availability
Customer support at ROInvesting is available 24/5, ensuring that traders can receive help during the trading week. The broker also offers multilingual support, catering to clients in 11 different languages, enhancing accessibility and convenience for a diverse clientele.
Additional Resources
In addition to direct support, ROInvesting provides a range of educational resources to assist traders. These include video tutorials, webinars, market analysis, and trading signals, all aimed at enhancing the knowledge and trading skills of clients. Such resources can significantly improve the trading experience and help users make informed decisions.
Frequently Asked Questions
Yes, ROInvesting is regulated by the Cyprus Securities and Exchange Commission (CySEC). This regulatory oversight ensures compliance with European financial standards and enhances the safety of the trading environment for clients.
ROInvesting protects client funds through several measures, including segregating clients’ funds into separate accounts from the broker’s operational funds. Additionally, the broker participates in an Investor Compensation Scheme, providing coverage of up to €20,000 for clients in the event of unforeseen incidents.
ROInvesting offers several account types to cater to different trader needs, including Silver, Gold, Platinum, and Islamic accounts. Each account type has its own characteristics and is designed for various levels of trading experience and investment capital.
ROInvesting provides multiple channels for customer support, including email, live chat, and telephone. The support team is available 24/5, ensuring that traders can receive assistance during the trading week.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.