ROinvesting Review 2024
Website: www.roinvesting.com
Min. Deposit: US$ 100
Leverage: 1:30
Trading Platforms: MT4, WebTrader
Regulation: CySEC
Headquarters: Cyprus
Founded: 2017
Regulatory Licenses:
- Royal Forex Ltd - authorized by CySEC (Cyprus) registration no. 269/15 - suspended
Updated on April 12, 2024
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ROInvesting, operating out of Cyprus since its inception in 2017, offers a wide array of trading opportunities across multiple markets such as Forex, Cryptocurrencies, Stocks, and CFDs. These are made available with competitive advantages, including no commission charges and spreads starting from 0.03 pips. It serves as one of the trading aliases under the umbrella of Royal Forex Ltd, which also manages the well-recognized brands GMO Trading and Royal Forex.
ROInvesting prides itself on leveraging innovative technological solutions and delivering high-performance trading, underpinned by sophisticated analysis tools. Moreover, it commits to exceptional customer service standards, ensuring that traders engage with a dependable partner. This is especially significant given the unreliable nature of many offshore brokers, highlighting the importance of trading with a firm that offers proven reliability and adherence to stringent regulatory standards.
Pros
Account setup is straightforward and userfriendly.
Provides robust trading platforms alongside a comprehensive analytics section.
Offers competitive fees and spreads, particularly for currency trades.
Cons
Commodities trading may incur higher fees, especially for entrylevel silver accounts.
Trading options are limited exclusively to CFDs.
Does not offer aroundtheclock support, potentially limiting assistance for traders in different time zones.
Despite its relatively recent entry into the trading industry, ROinvesting has already clinched several prestigious awards, positioning itself as a forward-thinking brokerage firm. Among its accolades, it was honored with the title of Best CFD Broker Europe in 2020. Additionally, its partnership as the official CFD Partner of AC Milan underscores its commitment to excellence and a winning mentality, mirroring the ethos of one of football's legendary teams.
ROinvesting is regarded as a safe option for traders and investors, primarily due to its regulation by the Cyprus Securities and Exchange Commission (CySEC). Regulation by such a reputable financial authority is a key indicator of reliability and trustworthiness in the financial services industry. CySEC's stringent guidelines and oversight provide a level of security and peace of mind for clients, as they ensure that the broker adheres to strict financial standards, engages in fair trading practices, and maintains transparency in its operations.
Being regulated by CySEC means that ROinvesting is required to comply with various regulations designed to protect investors, including adhering to capital adequacy requirements, submitting regular financial reports, and ensuring client funds are held in segregated accounts. This regulatory framework is designed to safeguard the interests of clients and maintain the integrity of financial markets.
Therefore, traders considering ROinvesting can be reassured by its compliance with these regulations, contributing to its reputation as a secure and reliable broker for trading activities.
Leverage, as provided by the broker, allows for trading with a significantly larger market exposure than your initial deposit. It's typically shown as a ratio. However, due to the potential risks involved, recent regulatory changes, particularly by European regulators and CySEC, have reduced the maximum leverage levels available to retail account holders. Professionals can still access ratios up to 1:200, but this is only available once their status has been verified.
For forex instruments and currency pairs, the leverage is capped at 1:30.
CFDs on stocks, indices, and other assets can leverage up to 1:5, depending on the specific instrument conditions.
Commodity CFDs offer leverage up to 1:10.
To begin and get acquainted with the ROinvesting platform, you can sign up for a Free Demo Account. Subsequently, you can choose the most suitable Live account based on the offerings.
ROinvesting provides three primary account types: Silver Account, Gold Account, and Platinum Account. Each account is tailored to offer optimal conditions for traders of varying sizes, with improved conditions as your market exposure increases. The entry-level account includes customer service and the option to switch to Islamic account conditions for traders adhering to Sharia laws.
As you increase your account capital, the Gold account introduces a dedicated account manager and a discount on swaps. The Platinum account further enhances services with Free VPS usage and customized investment conditions and news.
Professional traders are offered a streamlined process for account setup, including registration, deposit, and immediate start, all with fully tailored solutions.
A step-by-step guide on how to open an account includes:
1. Click on the ROinvesting Sign In page
2. Register your personal details (Name, email, phone, etc.)
3. Confirm access through your email and verify your details with documents
4. Instantly access the practice account
5. Make your first deposit and select the desired account type
Trading with ROinvesting, primarily based on CFDs, involves a main fee which is the spread - the difference between the Bid and Ask price. It's crucial to note that swaps or overnight charges for positions held longer than a day are also considered as fees. Additionally, currency conversion fees are applied if your account's base currency differs from the one you trade in.
Trading Instruments
ROInvesting offers six categories of instruments based on CFDs, including Forex, Futures, Indices, Shares, and Virtual Currencies. The platform also supports trading in popular cryptocurrencies such as Bitcoin, Ethereum, Ripple, and more. It's important to have a thorough understanding of how CFDs work before engaging in trading with ROinvesting, as it is the primary trading basis. If you're looking to trade on different terms, exploring other brokers might be advisable.
ROinvesting's fees and spreads are competitive for currencies and other instruments, though Commodities might be somewhat higher for first-tier Silver accounts. Gold and Platinum account holders benefit from discounted spreads and swaps, which are 25% and 50% respectively, marking a favorable fee structure.
To provide a clearer perspective, let's examine the EUR/USD pair where the spread for the Silver account is 28 pips, for the Gold Account, it's 20, and for the Platinum, it's 18. Professional client accounts feature a different fee structure as well, with the Silver account offering 25 points for the EUR/USD pair. Additionally, below are more examples to compare ROinvesting fees with those of its peer, BDSwiss.
Transferring funds and the clarity in the process is pivotal when choosing a forex broker for your trading needs. It is crucial to remember that different countries have varied regulations regarding fund transfers and the payment methods that are available, so consulting with customer service for your specific requirements is advisable.
Deposit Methods
ROinvesting offers an extensive array of deposit options, including the widely used PayPal, alongside Cards and traditional Wire Transfers. Specifically, the deposit methods available are:
Credit and Debit Card
Wire Transfer
Epayments such as Skrill, Neteller, SafeCharge, DECTA, payvision, INPAY, Trustly, PayPal, Paysafe, and others.
What is the minimum deposit for ROinvesting?
The minimum deposit requirement at ROinvesting is $100. Accounts aimed at higher grade or professional traders may necessitate larger initial deposits. ROinvesting also provides free deposit options. However, it is important to check for any deposit fee terms that might apply based on your payment method and account currency, as conversion fees or deposit fees could be applicable depending on your jurisdiction.
Most other brokers have a minimum deposit of $500.
Is it possible to withdraw money from ROinvesting?
Yes, withdrawals from your ROinvesting account can be requested via your account area. Typically, brokers process withdrawals within 2-3 days; however, the transaction time may extend several days depending on your payment provider. Withdrawal options are as diverse as those for deposits, including a comprehensive range of e-wallets.
The trading platform, or the software used by ROinvesting for transactions and trading activities, offers the choice between WebTrader or the widely recognized industry standard, MetaTrader4.
Pros
Userfriendly trading software
Available in various languages
Fee Report accessible
Cons
None
Web Platform
The primary advantage of the Web Platform is its accessibility without the need to download software, allowing trading from any computer browser or device. However, it is a simplified version lacking some advanced features found in the desktop version, though it still includes all necessary tools for basic analysis and charting.
Look and feel
The trading platform is praised for its clean interface, which is conducive to market analysis and trading performance. Charting capabilities, particularly on MT4, are highly regarded, with excellent monitoring functions and intuitive navigation, beneficial for beginners.
Desktop platform
The MetaTrader4 desktop platform can be downloaded and installed on any device, including PC and MAC. It allows full customization and ensures the safety of your workspace, beneficial for professional and active traders due to its comprehensive set of advanced tools without strategy limitations.
Mobile Trading Platform
The inclusion of a mobile trading application, essential for trading on the go, is another feature offered by ROinvesting. The free, easy-to-use apps are available for iPhone and Android devices and are based on the MT4 engine, offering various charting styles, analysis tools, and a news feed.
ROinvesting's customer support is considered to be at a sustainable level, reflecting the broker's self-description as a client-oriented company. However, support teams are available from Monday to Sunday between 7-17 GMT, which is relatively common among brokers.
ROinvesting has meticulously designed its educational materials, establishing a Learning Center that caters to beginners by steering them on the correct trading path. Additionally, trading veterans and professionals will find high-quality materials to further enhance their knowledge.
For research and analysis tools, ROinvesting includes an Economic calendar, Expiration and Earnings Calendar. An inbuilt News Feed and Trading Signals, provided free of charge by a signal center, are also available.
In conclusion, ROinvesting offers a balanced proposition for the trading market, featuring advanced technology and the opportunity to trade popular markets via the widely used MetaTrader4. However, the limitation to CFD trading models might deter some traders. The broker supports both novice and active or professional traders with improved conditions as trading volumes increase, backed by a thoroughly developed analytic and learning center.
ROInvesting Updates
Based on extensive research among over 1000 brokers, ROInvesting has encountered licensing issues, previously receiving warnings from various European regulatory bodies for aggressive marketing strategies and inaccurate trading practices. Currently, ROInvesting's license is inactive, and its website is not accessible, with a notice on the CySEC regulation website stating it is "Under examination for voluntary renunciation of the authorization." With over ten years of trading experience, it is paramount to prioritize fund safety and conduct thorough research before engaging with any offerings from ROInvesting. It is advisable to consider reliable brokers with top-tier regulations and favorable conditions, such as FXTM, HFM, or FP Markets.
