It also has an abundance of trading tools, educational resources, various account types with funding options, and good leverage. This trading review covers every aspect of ROInvesting you need to know before choosing a broker to trade with.
84.71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Basic information from ROinvesting review
ROInvesting is a trade name of Royal Forex Ltd, which is a forex broker established in Cyprus in 2015. It is an online CFD broker regulated by CySEC. ROInvesting won several awards in this year 2020 such as: the Best Forex Broker CFDs 2020 by FXDailyInfo, and The Best CFD Broker Europe 2020 – IAFT.
About the broker
|Web:||ROinvesting.com 84.71% of retail CFD accounts lose money.|
|Supported languages:||English, German, Polish, Spanish, French, Italian, Portuguese, Lithuanian and Russian|
|Year of foundation:||2015|
|Holder:||Royal Forex Limited|
|Headquarters:||City home 81, 128-130 Limassol Avenue, 3rd Floor, 2015 Strovolos Nicosia, Cyprus|
|Methods of contacting customer support:||E-mail, online chat, phone|
|Contact:||[email protected] +80050026003|
|Deposit methods:||Bank transfer, Debit and Credit Cards, E-wallets|
|Withdrawal methods:||Bank transfer, Debit and Credit Cards, E-wallets|
About trading with ROinvesting
|Minimum deposit:||250 USD|
|Spreads:||Look at the spread table – typical spread on the currency pair EUR/USD is 1,8 pips * on a standard account type|
|Underlying assets:||Forex (46), shares (178), commodities (17), indexes (20), cryptocurrencies (33)|
|Account currencies:||USD, EUR, GBP|
|Other trading platforms:||WebTrader|
More information about the broker(text provided by the company representative)
What Is ROInvesting?
ROInvesting is a CFD broker with over 350 trading assets, including Forex, cryptocurrencies, metals, commodities, indexes, stocks, shares, ETFs and commodities. It delivers one of the best trading conditions using advanced trading technologies and market experts.
CFD’s trading conditions are highly competitive, with spreads as low as 0.03 pips and market leverage as high as 1:500 (this leverage is available for professional clients only). As a beginner or professional trader, ROInvesting is committed to giving you the best of trading experiences by making available various choice trading tools with an experienced customer care team to handle your needs.
How To Get Started With ROInvesting
ROI provides a level playing field for beginners and professionals alike. This is reflected in the account types, settings, pips, leverage, etc., available.
The first step to getting started is signing up for an account with ROInvesting; hence, you are required to fill in your first name, last name, email, and other personally identifiable details.
You will be asked to upload an ID and utility bills for address verification purposes, after which you have immediate access to a demo account for practicing. This is important to beginners as it allows them to sharpen their trading skills.
To trade with live cash, you will have to make a deposit and choose an account type based on your trading knowledge and levels.
Traders from the following countries can trade with ROInvesting:
Great Britain, Switzerland, Norway, Liechtenstein, Iceland, Sweden, Finland, Slovakia, Slovenia, Romania, Portugal, Poland, Austria, Latvia, Netherlands, Hungary, Malta, Luxembourg, Lithuania, Italy, Croatia, France, Greece, Spain, Ireland, Germany, Denmark, Estonia, Bulgaria and Czech Republic.
Conversely, ROInvesting does not accept traders from some countries, including the US and Canada; hence its features and products are not available to traders in such countries.
Deposits And Withdrawals
The following deposit and withdrawal options are available for traders on the ROInvesting platform: Bank transfer, online payment systems including Neteller and Skrill, Credit/debit cards including Maestro, Mastercard, and Visa.
Traders trading with ROInvesting has access to trade on the MetaTrader 4 platform, a widely used trading platform. The platform is user-friendly, and it has an abundance of tools and indicators for carrying out market analysis across multiple timeframes.
MT4 is available on Desktop and Mobile devices, including Android and iOS devices. With the MT4 mobile app, you can monitor your trade on the go.
WebTrader is ROInvesting’s web-based trading platform. It runs directly on web browsers; hence, traders do not have to install trading apps to access WebTrader.
ROInvesting webtrader has various tools for conducting market analysis and predictions, similar to what obtains on MT4. It also places a premium on security and data encryption to ensure users’ data are well protected.
Leverage allows traders to maximize trading profits trading with small volumes, however it is important to know that trading with leverage is risky and it may increase profits but it may also increase loses. ROInvesting’s leverage is set at maximum of 1:500 (this leverage is available to professional clients only). Retail traders on ROInvesting have their account leverage set as per ESMA requirements, while professional traders can enjoy high leverage as high as 1:500.
Retail and professional Traders on ROInvesting can choose between the Silver, Gold, and Platinum accounts. For retail traders, the leverage on all three types of account is set as per ESMA requirements, but with a variable spread. Professional traders enjoy a higher leverage option up to 1:500.
In order to become professional client candidate will have to provide documents that will prove that the candidate qualifies as professional. To qualify at least two criteria will have to be meet by the candidate:
- At least 10 significant size transactions on the relevant market were carried per quarter over the four previous quarters.
- The size of the financial portfolio (including cash deposits and financial instruments) exceeded 500,000 EUR
- Candidate work or have been working in financial sector for at least one year in a professional position, which requires knowledge of the transactions or services under consideration.
Spreads & fees
ROInvesting does not charge a commission, but it does maintain a low proposal fee incorporated in floating spread charges. However, ROInvesting does have additional swap and inactivity charges for overnight positions and dormant accounts.
Fees of most brokers change relatively often and unfortunately it is not in our possibilities to keep up-to-date information about fees at ROinvesting, of course you can find current info on their website ROinvesting.com.
Typical spreads at ROinvesting on standard account*
* Spread was taken 17.5.2019 at 12:31 from the web or trading platform of ROinvesting.
There are six categories of CFDs on assets traded at ROInvesting, which includes:
- Stocks: Available stocks include global company stocks such as Facebook, Banks, Deutsche, etc.
- Indexes: Popular indices are traded on ROInvesting, including FTSE 100 and Dow Jones.
- Cryptocurrencies: Popular cryptocurrency pairs are traded. E.g., Bitcoin/Eth, Bitcoin/USD, etc.
- Forex: Over 40 currency pairs are traded on ROInvesting.
- Commodities: more than 20 commodities are available for trade. They include gold, oil, and coffee.
Customer Support & Resources
ROInvesting has a team of experienced and dedicated customer support team ready to help and support in dealing with issues its traders might be facing. You can reach ROInvesting’s customer service via email, Livechat, and dedicated helplines.
Is ROInvesting Safe Or A Scam?
ROInvesting is safe. Since its inception, there have not been reports or complaints of scam. Traders enjoy high-quality trading services with hassle-free deposit and withdrawal options. Hence, it is safe for new and professional traders.
ROInvesting is a regulated CFD broker offering a variety of trading assets. Its traders enjoy easy access to the MT4 trading platform, along with access to a variety of trading tools and educational resources.
Additionally, traders enjoy competitive spreads and a ready customer support team available from 08:00 – 18:00 GMT From Monday to Sunday.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of clients’ accounts loses money when trading CFDs with this provider.