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• Our Review Method

• Is Roiteks Scam or Legit Broker?

• What is Roiteks?

• Pros

• Cons

• Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding Roiteks due to the issues we've identified.

Is Roiteks Scam or Legit Broker? ▲

Trading with Roiteks is deemed UNSAFE. This broker's operations are based in the Marshall Islands, a jurisdiction notorious for being a haven for fraudulent and scam operations due to its minimal incorporation requirements and nominal initial capital standards. While not all businesses in the Marshall Islands engage in deceitful practices, a trustworthy trading environment typically necessitates authorization from globally recognized regulatory bodies. Roiteks falls short of this criterion, operating without oversight from any reputable financial authority, thus posing significant risks to traders and investors.

What is Roiteks? ▲

Roiteks operates under the trade name of Green Oak Limited, which is registered in Bulgaria. Nonetheless, this entity is a subsidiary of Vantu Capital LTD, registered in the Marshall Islands. The dual registration does not mitigate the firm's lack of regulatory oversight; instead, it underscores the risk associated with trading entities based in offshore locations. Regulatory bodies globally conduct frequent checks and issue warnings to protect potential investors. Roiteks has attracted negative attention from several international regulatory authorities due to its unauthorized operations. For instance, the Financial Supervisory Authority of Norway issued an alert in September 2018, indicating that Green Oak Limited (Roiteks) lacks the necessary authorization to operate investment services in Norway. This lack of authorization has led to similar warnings from various European Union regulatory sources, emphasizing the importance of investor caution when considering Roiteks as a trading partner.

Pros ▲

• None identified due to the significant risks associated with trading with an unregulated broker.

Cons ▲

• Lack of regulatory oversight: Roiteks' operation from the Marshall Islands without a reputable license raises serious concerns about the safety of traders' funds and the integrity of the trading environment.

• Warnings from international regulatory bodies: The firm has been explicitly warned against by several international regulatory authorities, including the Financial Supervisory Authority of Norway, indicating a lack of legal compliance and potential risks to investors.

• Inactive website: Our most recent findings indicate that the Roiteks website is no longer operational, suggesting that the broker may have ceased its trading services. This inactivity, however, does not eliminate the risks associated with any potential revival or similar fraudulent proposals.

Conclusion ▲

In sum, our review strongly advises against trading with Roiteks. The absence of a regulated operating license, combined with official warnings from international financial authorities, points to a high-risk, unreliable trading environment. Investors are encouraged to engage with regulated Forex brokers, which are mandated to adhere to strict regulatory standards, thereby offering a safer and more secure trading experience. It is always advisable to choose brokers regulated in reputable jurisdictions, such as the UK or Australia, where regulatory bodies provide a higher level of investor protection.