ROinvesting, is it a scam?

by LorenzoB 433 views

Roinvesting

Why trade with ROinvesting? Choosing the right broker is one of the most important parts of online trading, especially with all the scams out there. Brokers have learned to mask their services, so that it is difficult for experienced traders to see what is really behind them and even more difficult for beginners.

The first impressions on the broker are pretty good, but let’s go deep and see what kind of services the broker offers, how it works and if they can be trusted.

ROinvesting investors have access to the classic MetaTrader4 (MT4) CFD trading platform, which has a desktop version, along with a webtrader and mobile apps for Android c and iOS.

ROInvesting offers its clients a wide range of underlying assets to trade, including; currency pairs / Forex, commodities (oil, gold, silver), indices and CFDs for trading stocks. You can create multiple demo trading accounts to test the platform and your trading strategies.

As an international broker, their trading platform is available in multiple languages. The minimum deposit for a new trading account is $ 250 and it offers a variety of account financing methods including: Klarna, MuchBetter, Neteller, InPay, App PaybyBank, Skrill or Credit Card.

Let’s see in detail what are the main features of this broker in our ROInvesting review.

ROInvesting: is it a legal broker or a scam?

Yes, ROInvesting is a legal Forex broker based in Cyprus which is regulated by CySEC since March 18th, 2015, with license number 269/15. You can see their official license on the CySEC website. Obviously it operates according to the ESMA regulations for the protection of traders.

A CySEC licensed broker can offer brokerage accounts to all members of the European Union, because they are part of the MiFID. The correct way to research a broker is by checking the regulatory license status. When you see they hold a valid license from your government’s financial regulator, you can be sure they are legitimate brokers.

The presence of regulation is a key aspect to determine the legitimacy of a broker. CySEC is the financial supervisory authority of Cyprus and is, therefore, a recognized body at European level.

ROInvesting is the official partner of the famous AC Milan Italian football team. It is one of the most reputable football teams that will definitely not partner with an illegitimate company. The club shows the broker on their shirts. Therefore, the authenticity of the trading website should not be questioned.

The advantages of ROInvesting

The broker also provides a professional account manager to pro account clients. The manager helps them, in addition to advising them on all matters relating to trading. Also, having a manager makes most of the tasks easier because they already have experience in the field.

The broker has a no negative balance policy which is designed for users to avoid huge losses. It means that a trader must not be able to trade beyond his account balance. It acts as a shield for customers who get too enthusiastic and spend more than necessary.

The educational services of the ROinvesting broker are impressive. The broker believes in educating its customers and improving their whole knowledge. Navigating the portal is easy to understand.

The portal includes e-books, videos, webinars, seminars, economic calendars and much more in a comprehensive way. The training page is useful for both professionals and beginners.

The broker also offers a variety of tools to its clients to use while trading. The tools help traders predict prices and make better decisions accurately. Economic calendars, signals, charts, diagrams, news analyzers are some of them.

The assets available on ROInvesting

The selection of assets and tradable markets is surprisingly massive in ROinvesting. They cover Forex, Indices, Commodities and Stocks and their trading conditions are mostly good.

Their Forex selection covers dozens of currency pairs. The maximum leverage on currencies available is 1:500 (for professional traders), which is really impressive. However, none of the other markets have such exceptional leverage.

On indices, trading conditions are slightly different. The maximum leverage available on these instruments is 1:125 (only for professional traders). Also here the spreads vary. If you are planning to trade indices, be sure to check the trading hours, as these products are not available 24/7.

Moving on to commodities, the maximum available leverage remains at 1:125 (for professional traders). The minimum spread in this category can reach very low levels. In addition to gold, silver, oil and gas, also soy, wheat and corn can be traded, along with palladium, cotton and even orange juice.

Main features of ROInvesting

From the point of view of the service, the broker offers well-designed products that can be enjoyed by traders with different levels of experience. The broker offers a wide range of cryptocurrency pairs and CFDs on various trading instruments.

It also offers various educational materials and hosts webinars to provide its customers with quality education in online trading. The broker has three account types available, according to the needs of the traders and offers a professional status based on the client’s trading record.

All traders registered with the broker can take advantage of low spreads, access to educational materials, full-hour support and other brokerage features.

Another key feature of a reliable broker is customer support. While preparing the ROinvesting review we tested how the chat worked and were delighted to receive professional responses in no time. The broker is also available by phone and email.

Deposits and withdrawals

ROinvesting does not charge any withdrawal fees nor deposit costs. There are several methods of adding or withdrawing funds and the user can choose any of them, according to his/her needs. Some of these are Skrill, bank transfers, INPAY, PayPal, debit / credit cards.

In addition, the minimum deposit amount to open an account with the broker is $ 250. The processing time for withdrawal is 3-5 days, while deposits take no more than 15 minutes.

Remember that any withdrawal under $ 100 could cost you a fine. The trader may also have been charged a fee of around $ 50 if he wishes to withdraw the amount without any trading operations.

Customer support

ROinvesting customer support can be considered exceptional. The team is available and happy to help you. The support is polite and handles all types of customers. However, the service is not available 24 hours a day, but only from 7:00 to 17:00, Monday to Friday.

They can be reached via phone, email or live chat. You can also go to the request form on the portal. Furthermore, there is no FAQ page on the portal whose absence could be an obstacle.

Final thoughts

After carefully examining the broker’s regulation, products and quality of service, we can definitely say that there is no sign of a scam. The broker is well established and fully licensed by one of the most trusted financial authorities.

The broker offers well thought-out products and accounts for different types of traders, who can also acquire more knowledge with the help of the broker’s educational materials.

In summary, ROInvesting is not at all a scam and you can safely start trading with it.