If you are interested in following the latest news on the topic, please follow Finance Brokerage on Google News. ROinvesting has an extended support work time, with seven days of work per week. However, contrary to most brokers, the support team is not available 24 hours. Instead it operates from 7 AM to 5 PM GMT. You can reach the team using the usual three methods, which include email, phone line, or the website’s integrated live chat feature.
The broker is regulated by CySEC and provides you with opportunities to trade forex and CFDs on metals, commodities, cryptocurrencies, indices, and ETFs. The broker also recently won the Best CFD Broker Europe 2020 prize from BrokerCheck.es, confirming its standing as a solid option for contract for difference traders.
- You will pay spread fees on all trades and swap fees if you hold a position overnight.
- This increase in fee is highly unacceptable as it is charged within 2 months only and is as high as 500 Euros.
- BrokerCheck.es named it the Best CFD Broker Europe in 2020 and FXDailyinfo.com named it the Best Forex Broker CFDs in 2020.
- Every important feature of MT4 is offered and the platform functions in the same way.
- Together with the other brands in the Royal Forex Ltd family, GMO Trading, and Royal Forex, ROinvesting has many negative user reviews online.
- In practice, the trader will not have to deal with market analysis, follow the news, or study a trading strategy, but will only have to follow the signals provided by the platform.
You may use auto trading, set robots via known MT4 EAs, also view fee reports and adjust all the necessary parameters. The biggest advantage of Web Platform is that there is no need to download the program so you may access trading through any computer browser or device. For instance, you also may check out and compare Roinvesting fees with its peerXM.com. Also, ROInvestment is one of the trading names used by Royal Forex Ltd which also operates brands GMO Trading and Royal Forex which are quite popular trading names. Withdrawals may take as long as seven business days, depending on the credit card company or bank processing the payment. You’ll find that overnight swap rates are competitive, especially since you’ll receive a 25% discount on them if you hold a Gold account, or 50% if you have a Platinum account.
Contact Customer Support Through Multiple Channels
The platform’s user interface helps the traders set various trading strategies, define open and exit points, and perform the same functions as the Metatrader 4 platform. This platform offers a simple and easy to use the website, where the traders find it easy to navigate. The traders can select from several instruments on the website; they can open an account easily to start trading. ROinvesting was established in 2017, and it is a well-known Cyprus-based online trading broker. It offers several trading opportunities on many trading instruments such as cryptocurrencies, Forex, CFDs, stocks, and it does not ask for any commission charges. ROinvesting is one of the most popular brokers that offer CFDs and Forex offerings; it offers more than 35 spot Forex, including minors, majors, and exotics.
You can implement different trading strategies, understand the trading platform, and set target goals. It is a fraudulent policy of the owners to lie to their customers about their services. They did not improve their services after the feedback they received from the traders. They chose the easy way out of changing the brand and kept on stealing from innocent traders. The GMO Trading accounts have been suddenly changed into ROInvesting accounts.
The minimum deposit with this broker is $250, above average but nothing shocking. Any withdrawal made before trading, like a trader changing their mind to close their account, will incur a fee of $50. As per the review, this broker offers a free demo account, which can be used for 14 days. The trader can use a demo account to test the trade strategies and learn about Foreign exchange reserves the website’s features and functionalities to execute profitable trades. This broker adheres to the regulatory authorities’ standards and regulations and adheres to required registrations and safer transactions. As per the review, this trading platform is authorized and regulated by the Cyprus securities and exchange commission under the name of Royal Forex Ltd.
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There is an inactivity fee, but this is only charged if you fail to make a trade within 60 consecutive days. You can trade all of the assets mentioned above on mobile, web, or desktop as ROinvesting supports MetaTrader 4. This popular trading platform is compatible with all devices and offers a plethora of features. This includes 4 order types, charting tools, trading signals, indicators, and support for expert advisors. We can also say that ROinvesting is a broker suitable for all people who want to trade on the main markets in complete safety. An ideal Broker for all traders who choose to open a trading account with a low deposit, but who do not want to give up cutting-edge tools such as MetaTrader 4. For those looking for help in their operations or who do not want to miss the numerous opportunities offered by the financial markets, ROInvesting offers a premium trading signals service.
The software lends itself to users of all levels, with simultaneous accessibility and sophistication. That wide ability range makes it perfect for both entering the trading world and developing your skills. ROinvesting is owned by Royal Forex Ltd. an established broker, operating for over half a decade now. The company opened its virtual doors in 2015 and has been providing brokerage services since. The firm’s offices are in Cyprus, more specifically at City Home 81, 3rd floor, Limassol Avenue, 2015 Strovolos, Nicosia. ROInvesting offers a wide choice of CFDs, cryptocurrency pairs, and different trading instruments.
Below you can see how ROInvesting scored in each of our high-priority categories. 74-89% of retail investor accounts lose money when trading CFDs.
What Account Types Does Roinvesting Offer?
Although the broker doesn’t have the longest history, it’s already made a name for itself by offering a top-tier license to EU clients. Since this site was added to the FPA’s reviews, NO approved reviews for this company has been removed. Sign up to our newsletter in order to receive our exclusive bonus offers and regular updates via email. We look for specific features such as customizability and trading signals. Each broker we review is judged on the same 10 key areas. When it’s time to fund your ROinvesting account, our review team is sure you’ll be able to find a payment method that’s convenient and familiar.
The license number of the operator is 269/15, which is interesting, as the brokerage was only launched in 2017. They probably Forex investment brokers had their license issued 2 years earlier, or – what’s more likely – they worked under a different brand-name.
You can choose from hundreds of trading assets, all with beneficial trading terms and conditions such as low fees, leverage, and ultra-fast execution speeds. ROinvesitng also comes with a top-tier CySEC license, which proves that it is responsible. The combination of factors contributing to ROinvesting’s trustworthiness makes it one of the most secure brokers on the market.
Formerly Gmotrading Com
Here, you can purchase over 2,100 extra technical indicators and over 1,700 trading robots. Again, this is perfect if you’re a beginner trader as it allows you to copy more experienced traders’ positions. No, ROInvesting is not a scam as it is a CySEC regulated broker. It also offers covered clients access to the Investor Compensation Fund , which provides clients with up to €20,000 should the broker become insolvent. Other financially responsible policies include holding all client funds in segregated accounts and negative balance protection. There are three retail accounts available at ROinvesting; Silver, Gold, and Platinum, and to get started you’ll need to make a minimum deposit of $250.
So the first grade account features the same custom service, as well as an option to switch for Islamic account conditions available for traders following Sharia laws. Leverage, given by the broker enables trading with a bigger exposure to markets comparing to your initial balance. Usually presented as a ratio of leverage levels also adhere to regulatory restrictions, since retail traders may fall into high risk without proper knowledge how to use tool smartly. This is an accessible amount for most traders and it’s a sensible amount too.
How To Open A Roinvesting Account?
Further, in our ROinvesting review we will see more of the details and conditions ROinvesting proposes so that you’ll be able to decide whether this http://easyjobalert.com/what-is-bitcoin/ broker is good for you. Along with necessary legislations and safe transactions, ROinvesting adheres to unparalleled standards regulations impose.