Oinvest Review – 5 things you should know about oinvests.co.za

Oinvest Review – 5 things you should know about oinvests.co.za

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


Oinvest is a South African forex and CFD broker, offering 49 currency pairs and a good selection of CFDs, covering a wide variety of asset classes form commodities, indices and stocks to crypto coins and precious metals.

Among the forex pairs some are with exotic currencies like Honk Kong Dollar, Singapore Dollar, Danish Krone, Hungarian Forint, Norwegian Krone, Polish Zloty, Swedish Krona, Turkish Lira, Mexican Peso, Russian Rubble, South African Rand and Israeli Shekel.

We also counted CFDs with nearly 20 indices, over 170 stocks, a number of energy and agricultural commodities like oil, natural gas, cocoa, coffee, copper, corn, cotton, orange juice, soy beans, sugar and wheat, precious metals including gold, silver, platinum and palladium and even crypto coins, most notably Bitcoin, Ether, Ripple Dash, Bitcoin Cash, Bitcoin Gold, Monero and Litecoin.

Oinvest trading conditions

The benchmark EURUSD spread is as low as 0,7 pips, which is quite tight as the broker does not take a commission on the trade.

In the same time the maximum leverage offered by Oinvest is as high as 1:500 and can easily accommodate even the most aggressive trading strategies.

Since the European Securities and Markets Authority (ESMA) caped the maximum leverage allowed with forex trade in the European Union to 1:30 in the beginning of August and since similar restrictions are already in place in the US and Japan, the only reliable regulators, still allowing more generous leverage remain the Australian Securities and Investments Commission (ASIC) and the South African Financial Sector Conduct Authority (FSCA), where Oinvest is licensed.

Still, have in mind that while higher leverage may help you score good profit with a relatively small deposit, it also makes your investment much more vulnerable to market fluctuations.

Oinvest trading platforms

At Oinvest you can choose between an internet based Web Trader platform and the MetaTrader4.

MetaTrader4 has always been a good solution for professional and beginner traders alike. The well known platform features multiple market indicators, various charting tools and an option to run automated trading sessions with the help of specially designed trading bots or Expert Advisors.

Oinvest regulation & safety of funds

Oinvest is owned and operated by BASFOUR 3773 (PROPRIETARY) LIMITED, a company based in Cape Town, South Africa and regulated by the local Financial Sector Conduct Authority (FSCA).

FSCA, along with respected financial watchdogs like the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC) enforces a strict and yet balance regulatory regime.

FSCA licensed brokers for example are required to keep all clients’ money in a segregated, protected form creditors account.

Also, all brokers under the jurisdiction of the South African regulators are obliged to maintain a certain minimum capital adequacy ratio, which gives traders additional security.

Oinvest deposit/withdrawal methods and fees

As most other brokers Oinvest accepts payments with major credit or debit cards like VISA and MasterCard, bank wire and popular e-wallets like Neteller, Skrill and VPay.

And while Oinvest does not specify a minimum deposit requirement, it is generally advisable to invest at least 250 USD so that you can support a sufficient margin to sustain any significant moves against your position.

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  1. Working with them for 5 months, there are minuses like platform issues but in all the conditions for traders are good and profit

    1. Have u withdrawn funds tho?

    2. I cannot understand how forexreview can report on oinvest like they are one of the safe ones. The are a well organized, very clever group scammers. I just wish there is a way to report them and have them removed from wherever they want to con people. Everything I read on the other reviews happened to me as well.

  2. SCAM, SCAM, SCAM, Stay away!! You’ll loose ALL your money.

    1. Paul, do you speak from experience? Please tell us your story?

    2. let me explain,after your acount has been opened the broker start questing you on your fanacial states, if you say you are uncomfortable then he wil say that is okay,the next move is in some way you make amount of say += 30% it is like acarrot in front of a donkeys nose ,next move poor or no assitance, next move as it is with novice you start loosing every thing, next move the quest for more funds start again, the ball is thrown in to your court. Geus what you loose every thing,the stragty is to terorise you to try and presaude you to invest,

      1. Benjamin, that is exactly what happened to me!!!! They push you to deposit more and more and in the end you loose everything!!! I lost half a million!!! BN

      2. Exactly what happened to me.

  3. I lost all my money. I should have pulled out when I was up.

  4. How soon after opening an account do u have to deposit money.

  5. Jeanette, how much did you loose and was it because of OINVEST negligence or your own doing ?

    1. Have anyone ever withdrew funds from Oinvest.

      1. Yes, I had. You should read the service policy.

  6. It is amazing how similar my experience was to Benjamin’s. It is as if they want you to make bad investments as a novice so that they can milk more money from you. As the bucket is running empty because there is more going out than in their solution is just put another hosepipe in (more money) at no stage are they interested in plugging the hole where the money is running out of .If you ask for your account to be moved to another broker they have some manager phone you his only purpose is to milk more money from you , if he don’t succeed his manager coms on the line and really puts on a show.
    You never throw good money at bad money in the hope that it will make it better.

  7. Joelene Gaarkeuken

    I did open an account with 3500 ZAR on 5 Mar 2019. Its now 11 Mar 2019 and made 1000 ZAR so far. They are rude and pushing you to add more money. I just stacked to my guns and refused. I just want to play on the market on my own time with the last 3 numbers after the point. (a few minutes or maybe an hour before the PC) I now understand why my manager phoned me Friday night and pushed to make trades now (and it was bad trades) She said some big movement going on and so on and so on… She just want me to trade so that it will go overnight and over the weekend. I didn’t know the trade close Friday 00:00 and open on Monday. I now see the “Swap” column and was wondering about that. Apparently it is there commission and they only get when you trade over night. She also said you never close and account while it is in the minus (there commission is also in the minus) but I’m waiting for that bad trades to come a bit down then I’m going to close them and count my losses. I’m going to play until I have 10’000 ZAR then I’m going to withdraw my 3500 ZAR and see if I can get it out. Some people are complaining about getting your money out. After that I’m not playing with my own money and I will know if you can get your money out again. Will update if I have more news

    1. Did you get the money back?

  8. Its a well designed scam….i repeat its a SCAM. Opened trade with R3500 19/03/19 and was immediately asked to deposit R100000. Eventually lost a total of R23500 by 20/03/19. Their Swaps are in place to pull all your investment returns into their pockets. they bully you into trading and eventually when its all gone they say they were not the ones making the deposits. From that point their hands are clean.Everything appears to be legitimate from their customer care department calling you to their foreign call centers. their programme is designed that you never walk away with any returns. we need to advise the local authorities (JSE authorities) in South Africa because OINVEST is fronting as a legitimate SA company. we must also report this to the WEB advertising companies carrying their adverts, that they are a bunch of Scammers.

    1. Hi, has anyone reported to the local authority yet? What’s the outcome. They really keep pushing for deposits blaming the market is going against us.

  9. Went through a similar situation, opened an account for R3500 and immediately the account manager Brian N.f called me to start trading I opened few good trades with him in assistance and thereafter he said I have to increase my margin so that we could open more trades to which I agreed to so I deposited R15000 more thereafter it was just bad trades after bad trades with the big swaps and yes when I closed the losing trading preventing further loss he would say I’m making a mistake I should never close a losing trade, now I’ve lost all the R18500. These people are real SCAMMERS. A broker full of nigerians I regretted investing more but I guess that’s part of a painful learning experience.

    1. My Discomfort Gift was that, (without sounding racist) is why a South African claimed to be lead broker just full of nigerians. I luckily did not deposit anything but i was really researching about this. It sounds too good to be true.

  10. The stories are the same. These guys are SCAM. They’re not legit. They tell you to deposit more money. The first time you open trades, you will win so that you put more money. When you want to withdraw,you’ll struggle. They’re just bunch of scammers. Don’t invest more money. Just put in R3500 and if it was meant to be, you’ll profit. But they’re bunch of fraudsters.

  11. Scam scam scam scam!!!! People stay away!!! Ive lost R3500 and they asked for more without flinching.

  12. I forfeited my R3500 as “school” money to learn something about trading. Most valued lesson learnt was not to fall for their prompting to invest R50000 (or more) after initial losses. It is a clever disguised scam. I consider my R3500 loss as money well spent to forever not become interested in “trading”.

  13. I don’t think it’s a scam. I’ve read the policy carefully and didn’t have any issues with this broker ever since. Money withdrawal takes some time which can be a bit annoying but I’ve always received my cash, sooner or later.
    I was aware of high risks before opening an account so I wasn’t surprised when I experienced losses. I’ve had plenty of wins as well though.
    Generally, I think Oinvest is a good broker but you should always do your own research and educate yourself as much as you can.

    1. Can you help me sir pls,I made a deposit of R3500_on the 29th of MAY 2019, But up to this point, never trade cause I’ve been waiting for their call to show me how to trade.I’ll be very much happy for your assistance.

    2. Musarrat Chishti

      How to add money you want to withdraw? My phone is showing arrow you have to press. Each time only one rand go up

    3. Hi stephan…we are thinking of joining oinvest as a hopes of generating extra income. Is it legit. I’ve read plenty testimonials advising against it. We are confused.plz advise as it’s nice to talk to someone who is in it. thank u

    4. So you must have made good profits by now?

  14. I lost over R82.000 SCAMMMMMMMMMMMMMMMM, same stories as above. Would not recommend

  15. They do not explain how the different platforms work. In my case they made me deposit they bullied me into depositing a further R50 000 in order to start trading on bitcoins and later on said it still wouldn’t be enough. Their next step was to wait till a Wednesday then the account called and said we could start trading to raise the funds. I made more than R15 000 in profit on the same day, but she kept on telling me to open more positions , however did not explain about the Wednesday swaps even though I explained I was new at trading. The next day most of deposit was gone with their crazy swap rates, and the account manager kept on telling me to deposit more even after telling her I did not have more money.
    They are not trustworthy brokers and don’t act in good faith.

  16. The only issue I had was when I was opening an account… I had some problems with signing up so I thought it was a sign to quit this idea. But my account`s manager called me to help… I was thinking ok let`s try it again. I am a novice in trading, so they gave me education, great one by the way. I`m doing my best in trading now, especially after receiving my first earning (R5500) gotten by trading on commodities.

  17. If you are prepared to throw your hard earned money down the drain then you should join the money milking machine. Annoying phone calls only for the first couple of days, “you made a profit” and once they’ve throttled you, they leave you for dry!!! DO NOT JOIN!!! They deceive you in making huge trades on a Friday afternoon, without informing you that the trade market is closed during weekends, come Monday morning HUGE losses….phone calls again to make another deposit to make up the losses!!! And the swap is your fantastic Account Manager’s commission….thus NO COMMISSION FEES on all advertising….Learn from the dummies, be clever and don’t fall into the same trap…YOU WILL LOOSE IT ALL!!!!

    1. That’s right! No free lunch, scammers knew where are our weaknesses.

  18. My story is exactly the same, I deposited 3500ZAR a week ago. First week went well,but sometimes you would close a trade to take the profit and it would deduct and not add it to your grand total….WTF?? My balance is currently on 7033 ZAR but if I look in the top left corner under trade there is an amount of -4 363 ZAR meaning Im not actually getting 7 033 ZAR out should I withdraw now.
    Im constantly called and terrorised into depositing more funds. This guy tells you straight up that you will never have nothing in life and will always struggle if you do not deposit more and more. You can spell it out that you dont have more funds available but still they will carry on, without giving you a chance to talk. My situation is looking worse by the day, margin % is dropping quickly. I am preparing to lose it all before the end of this week, as I dont know how to withdraw my already small amount. If you ask how to withdraw, this idiot gets rude. This company is one big scam, and I will make it my purpose from here forth to make their bad name known to the public. Rather throw your money in the ocean, chances are much higher in getting it back!!!!!

  19. Guys I am about to deposit, what advice would you give me? Please!

    1. Mpumelelo Pakkies

      They are a scam can they make u put more money then that 3500 just to rip you off just lost 18000 today because of there reckless trading with stop loss

    2. Ghafar Aliwardana

      Please don’t deposit any money with this company.
      It is a fraud and it will cheat you out of your hard-earned money.
      I pray to the gods of all religions to make this company go bankrupt
      so it cannot cheat people anymore.
      I just lost US$250.00

  20. Oinvest is a royal scam. Their account managers are blood sucking leeches after your money after putting you in bad trade where you loose from their swap charges as well as market losses. These suckers are financial terrorists, I don’t know how such a company is licences in South Africa and operating still squat free.
    Don’t take a chance with these scammers.

  21. How do u withdraw

  22. Stay away if you are unexpired about trading!!!
    They are such hardened people, they try with all the means at their disposal to put pressure on you to get all the money you have saved. If you are inexperienced they will try to win your trust, your trads will soon be minus, then they will call you to tell you to deposit more money or you will lose everything.
    I lost everything but fortunately I stopped early.

  23. yes i have the same story as the people above this is the worst company i have ever dealt with how they get away with this i dont know at present im putting a case against them they give me an offer of 25% of my money back and i had to sign a contract to say i would not say anything against them or i would have to pay them 250,000 dollar im also trying a charge back with my bank as what they say they are going to do they are not doing ie robot trading is this real i have a list of about 15 items against them we will see how i get on as i assume getting money out of them could be very hard

    1. Hi Mark any luck with your case, the reason i am asking i have been given this broker by the new CryptoTrixy software to use them, so i have been going through reviews and they are not looking good at all, So any progress from your side

    2. Hi Mark. Regrettably I am late to check on these reviews. I was desperate to recover from previous conman and jump into this advertisement on investment hoping to recover my previous losses. I have made many deposits as requested due to losses and now still facing losses. I do not any more savings and in debts too. I was told borrow again for time being. Don’t know what to do now. Am desperate.

  24. Yoo i just deposited R3500 today i wanna withdraw it before I even started, is it possible to withdraW my R3500?

    1. forget about it. don’t dream getting your money out. take a deep breath and just think its paid money for tuition fees of life. learn and lets live. those people won’t have a good ending as well with karma is a bitch…hehe

      you only suffer a short life being mortal
      you suffer endlessly forever in hell later
      think about it 😛

  25. Douglas Albert Amos

    I find that I start making money then my account is wiped out with the ASTRONOMICAL SWAP RATES that Oinvest incur into your account. You can never make money. SWAP eats up your deposit and winnings in no time. I am trying to read or find out how I can save the couple of rands I have left in my account. Oinvest says to read their withdrawal policy but I cannot find this Withdrawal policy anyehere online.

  26. Is it possible to withdraw from this trade and get the R3 500 deposit back.

  27. should have known it’s a scam company once i see how it advertise. first its a too good to be true story by third party click website that mention great profit! https://en.profitrevolution.live/?a=4498&o=20012&s=odmru5db30750844b2895732363

    scam since the accounts manager is not giving good advise. the worse advise is ask you to open 5 forex trade without any stop loss and take profit until i loss all USD $500! plus only will keep asking you to add more money! damn scam and company! plus when complain another idiot lady so called senior accounts manager called me regarding my complain that is not advising correctly. She proceed to question me like I’m a criminal, not professional at all, rude tone and laugh at me!!! What a bitch with a condescending attitude, I was so angry that I didn’t catch her name, shouted at her and end the call

    now this link https://en.profitrevolution.live/?a=4498&o=20012&s=odmru5db30750844b2895732363 goes to EverFX Global https://client.everfxglobal.com/finance
    Good luck in trading in all this scam companies

    now trying Fortrade and see how it goes. at least it only need USD$100 for initial trade

    Link in people comment being scammed:
    Just google Oinvest then this come out



    1. Hi Moon. Wish i had google reviews earlier. I am now facing the same. I was informed to deposit urgently today otherwise i will loose all and more. I have exhausted all avenues coz i have done many deposits earlier. Totally drained out and now with debts too. Am worried of consequences. Don’t know what to do now.

    2. Hi Moon. I am facing same situation now. Now my position is at a Lost and was told to deposit right now and that the company will put in extra bonus to help me to save my position. They said if i don’t deposit now, i will loose all and even more. I am confused and do not know what to do now as i have exhausted all my savings and with debts too. I was told to borrow more money first to save my position. Pls advise. Extremely Desperate. Hope its not a scam

  28. Dear readers,

    Please stay away from this company. They are the Biggest Scam On the Internet!
    everything that has happened to the poor depositors above has happened to me.
    They don’t even leave you alone when you tell them that you don’t want to put in any more money and they keep calling you again and again and again, always at odd hours of the day and they are very rude.

    The never respect your wishes to be not disturbed any more.
    They make it seem like it’s their right to demand more money from you.

    They don’t care as to how much you have lost and the keep promising more profits if you pump in more money.

    I have lost a lot of money.

    Eventually I sold my hand phone and changed my phone number to stop them from calling.

    They have become the biggest nuisance in my life.

    Please don’t fall for this scam if you love your money and your peace of mind.

  29. The first Oinvest account manager I’ve spoken to was extremely pushy and annoying. He tried to make me deposit amounts of money I wasn’t comfortable with. I contacted their customer support and they assigned me to another account manager and it’s been going great ever since.
    So if you have similar issues you should really contact their support.
    I’ve deposited and withdrawn money multiple times already and never had any issues with that.

    1. My issue is this “swap “which seems like drainage pipe.what’s it’s meaning how do I avoid it. You could give me a better lecture than them.Temba

  30. Could you please advise on how to go about suing these bastards.please

  31. My story is the same as with all the above investors I thought they were honest especially with the first guy by the name Paul which I spoke to, he answered all my questions with ease and was very patient. Then trouble started with this account manager called Abbey, he would call me 3-4 times a day and convinced me to deposit more cause the market was looking gud but eventually they scammed me and now they don’t even return calls

  32. I’ve also been scammed. Lost 120K in two weeks. They just don’t care how much money you loose. Is there a possibility to get our money back?

  33. Lucas Armando Naene

    I’d like to know the real issue with this broker. According to all the reviews above all seems to be newbie traders since all mention the same statement “i deposited and lost everything”
    Forex is risk business and losing is part of the game, i wouldn’t deem a broker scam only because i lost trades, i mean i remember blowing hundreds of dollar account with the most reputed broker in the industry. calling and telling clients to make deposit is what all brokers do.
    So please, is there anyone who did not received their money after making withdrawal request?

  34. I have an account with Oinvest, unfortunately, its all lie. I made 500 $ profit in one month and I was happy to make benefit, then suddenly during 3 days of new year as holiday which they told me you should have open trades and ur money will be safe(which was a lie), I lost all, not only the benefit but also my money. again they told me to invest more and they will help me to have my all money back and again the same thing happened. the interesting part is this: when I said I want my 372$ back(which was only money left in my account) and I want to close my account, they said no, and they disappeared. while when I was opening the account they told me you can have your money back every time you want, which is a DAMN BIG LIE. even if you provide all the documents to withdraw,they won’t let you have your money back. THEY ARE SCAMMERS

  35. Oinvest is a gambling den. They ask initially to invest R3500, it goes up in smokes as quickly, you cannot make money. The account manager will hound you every day thereafter, many many many many times for you to deposit money. They want to like a friend to extort money from you. You can’t really blame somebody who takes your money like gambling and have a disclaimer that there is a more than 80% chance of losing money. Not sure why Kaiser Chief is promoting this high rate of failure but maybe they have the means to invest more, you will never make money with R3500, be prepared for failure

  36. Thank you guys for all the info. Does anybody ever done this and it worked? If so, please let us know with who. It looks line there are more scammers than the genuine thing.

    1. I have also had a terrible, terrible experience. They explain it to you that they are minimising risk, and only working with small proportions of your money at a time, but the next minute everything is gone. And yes, bully you into more and more. I thought that it was that the person I had was inexperienced, and hence the disaster, but reading here, see so many other people have had similar experiences. I urge everyone who has had such an experience to lodge a complaint with the Ombud for Financial Services 012 762 5000 / 012 470 9080, and to let Kaizer Chiefs know what is being done using their reputation.

  37. I am safe by all your reviews, this people have been persuading me today to deposit but I refused them, telling them I will do so before Friday because my mind is in a doubt.

  38. Yooh.. i got the same call after registering..they requested me to put R3500.. just a quick question.. after puting all information and card details.. is it possible for them to debit your account?

  39. I think you need first of all try to educate yourself first b4 you dive into this gig.You don’t need to depend from somebody thinking just to make you rich yet he is in the business also trying to earn a living from it,so you better practice independent thinking and making your own decision in the first place.I think educating yourself here matter a lot that immediately rushing into actual trading of which it is very risky and they do well even illustrate from their pages that most of the trader in the world do lose their money.However I have also read and watched the tutorial of even the experienced trader their account getting blown out.So the thing is you need to be ready and willing to lose everything.

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