Beware! ROinvesting is an offshore broker! Your investment may be at risk.
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
ROinvesting is packed with content, the legal documents are overwhelming and cover everything. This review will cover all the necessary information that readers need to know before deciding if ROinvesting is worth their time and investment.
ROINVESTING REGULATION AND SAFETY OF FUNDS
Royal Forex Limited is the parent company holding ROinvesting. It is fully regulated and licensed by CySEC, one of Europe’s top license issuers.
As one of Europe’s top forex overseers, making it in the list of the best in the world, CySEC carries investigations of the broker, regularly checking its business conduct, and can and will enforce the law when need be. What’s more is that all CySEC regulated brokers must hold at all times a minimum capital of at least 730 000 EUR. They also grant traders a negative balance protection, among many other austere precautions, all aiming towards fair and legitimate forex trading.
Furthermore, readers will be glad to know that ROinvesting keeps all of their money in segregated bank accounts that ensures clients’ money’s safety. The company currently utilizes the state-of-the-art SSL Secure Sockets Layer (SSL) software that keep scammers at bay, and a myriad of other protective measures all working towards providing a flawless and 100% safe trading environment.
Last but not least, all traders under CySEC oversight are eligible for a compensation of up to €20 000 should the broker become indebted, as issued by the Investors Compensation Fund.
ROINVESTING TRADING CONDITIONS
Readers should note that the leverage cannot go any further than 1:30 due to ESMA law. As for the EUR/USD spread, the website claims it to be 0.2 pips at its lowest. We cannot confirm this number for we were unable to access a demo account.
There is some confusion arising from some of the legal documents. In the Fees document there is a clause specifically ruling out any spread commissions,
These discrepancies are quite the nuisance, and what’s more is that we cannot check for ourselves. The only relief we can offer readers is that the Commission Fees document has not been updated since mid 2018. Even if there are unexpected fees on spreads, we assume thy won’t be too bothersome.
ROinvesting offers a wide range of trading assets: Forex Pairs, Indices, Stocks, Crypto, Commodities, and ETFs. This is a very complete list.
There are three account types, each with its own benefits. Yet, when the broker reveals these accounts, it states that it offers leverages that are illegal in Europe:
This is yet another instance where ROinvesting has made a significant mistake. In fact the website is riddled with such inconsistencies. This might make some readers reconsider depositing. We leave it for you to decide.
ROINVESTING TRADING SOFTWARE
The broker make the MT4 accessible. Users can access it on mobile, as a desktop trader, and even on their web browser of choice.
Needless to say that the MetaTrader4 offers the full forex trading package. MetaTrader’s. The platform is all but short in trading options and possibilities: micro lots, automated trading bots, 500 individual orders per account, VPS’s (Virtual Private Servers), customizable trading indicators, and much more.
ROINVESTING DEPOSIT/WITHDRAWAL METHODS AND FEES
The minimum deposit is $250. There are no deposit fees. Upon registration, for some reason the broker made it very difficult for us to proceed with deposits. In fact we could not get any sure depositing methods, as well as withdrawal ones. The Fees document tells us that users can use the following methods: Trustly, eMerchantPay, Decta, PaySafe, Payvision, Skrill, SafeCharge, WireCard, and iSignthis.
If users choose to withdraw before they have made less that 1 trade in their account they will be charged with a $50 charge. If the user wishes to withdrawal less that $100, then he or she will be charged with fees that have not been disclosed.
Overall, the payment information is surprisingly ambiguous, and this is a problem that adds up to the other issues that we have encountered.
In all honesty, our opinion of this one is that you should pass it. There are far too many contradictions working here, and not to mention many suspicious aspects, that do not work in favor of ROinvesting, even if the broker is licensed by a top financial overseer.