Oinvest review – 5 things you should know about oinvest.com

Oinvest review – 5 things you should know about oinvest.com

Beware! Oinvest is an offshore broker! Your investment may be at risk.


IG USForex.com

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


Oinvest is a trading name of an offshore licensed FX company running a few other brokers, as well. This broker was previously owned by a South African company operating under FSCA regulation. The domain back then was Oinvest.co.za, which currently redirects to Oinvest.com. Frankly speaking, we consider the South African license more valuable than Seychelles’ one, but it still lags in customer protection. However, the South African license withdrawal is a shocking story we are going to share with you.

The low regulation aside, Oinvest is a costly broker imposing unfair fees draining traders’ balance. Find out what these are in the full Oinvest review.


Oinvest is a trading name of Aronex Corporation Ltd, a Seychelles licensed company. The company also operate the recently reviewed 2Invest, using the same license. The trading platform and the trading conditions provided are the same for both brokers. Aronex Corporation Ltd operates Oinvest together with a Cyprus company, but as long as they stay away from European clients, they do not need a CySEC license. 

The Seychelles license doesn’t make Oinvest much safer, though. The island nation has recently undertaken steps to move away from its image of a shady offshore jurisdiction. However, the only significant measure agreed is the capital adequacy requirement of $50 000 paid-up, which doesn’t remarkably change their situation. The customer protection is still absent, so we generally consider Seychelles brokers risky to trade with. Your funds are not safe if you deposit with Oinvest, notwithstanding the license they have. 

Worse though, the South African regulator withdrew the license of the previous owner Basfour 3773 for 10 years. FSCA even inflicted a penalty fee of more than 3.5 mln USD on them. Basfour 3773 is a nominal company with nominal presence only, so it might as well be considered that the Seychelles Oinvest is run by the same people who breached the South African laws. You can see our initial Oinvest review here. Make sure to pay attention to the comments, as well. 

See the CySEC regulated (EU) and FCA regulated (UK) brokers we’ve shortlisted. Those FX companies are strictly regulated, which makes the trading environment much safer. But most importantly, Europe provides money protections for the clients. If you trade with CySEC brokers, you can claim up to 20 000 EUR in compensation, while the British guarantees are of even up to 85 000 GBP per client. Each EU member state must operate similar insurance funds seen as the last resort for traders if a Forex broker can’t meet its financial obligations.


Oinvest provides with MetaTrader4, by far the best retail Forex trading software available. The spreads provided start from 0.7 pips with their Platinum account. However, the starter account comes with 2+ pips Buy/Sell difference, which isn’t a competitive spread anymore. Many of the European and Australian regulated brokers supply with spreads of 1 pip below, so Oinvest is a costly broker compared to its counterparts. A good reason to stay away. The spread is the price to execute a trade, especially when dealing with market makers such as Oinvest, which doesn’t charge commissions.

The maximum leverage provided is 1:400 for FX majors, a ratio we consider too risky for traders. The leverage is a powerful financial tool growing the profit potential, but at the same time, the possibility of a total loss increases dramatically. Precisely the risks involved made EU, UK and Australia (from 2021) force a leverage cap on the market- 1:30 as a customer protection measure while Canada and the US agreed on 1:50. The Swiss brokers, are not leverage restricted, but Switzerland keeps scam away with its capital adequacy requirements- more than 22 mln USD to get an FX license.

See the MetaTrader4 brokers and MetaTrader5 brokers we recommend. Metatrader is the most popular Forex platform traders prefer for its stability and ease of use. It features sophisticated trading tools such as Expert Advisors, Algo Trading, Complex Indicators, etc. Metatrader also created a marketplace with more than 10 000 trading apps currently available.


There are no minimum initial deposit requirements Oinvest specify. But that’s a bit misleading because their withdrawal policy naturally discourages traders from depositing tiny amounts such as $20 or $50. On the other hand, regulated brokers ask for $100 on average to let traders begin, which is a bearable sum for beginners.

The funding methods available are Credit/Debit cards, Wire Transfers, Skrill and Neteller. We consider the best option is bank card payment is the best option for it allows to file a chargeback within 540 days from the transfer date. It’s a security aspect traders shouldn’t neglect.

The minimum withdrawal amount is $100, which is an unfair requirement whatsoever. Oinvest processes the withdrawal request within 7 days with no fees they collect, a lifetime compared to the regulated brokers’ standards. However, a fee of $50 traders has to pay in the case of insignificant trading. Also, take into account that the transfer might as well be an offshore transaction, which will incur hefty bank transfer fees traders have to pay. Compare to the legit brokers and make up your mind: no or low withdrawal requirements, no fees and withdrawal request processing within 48 hours on average.

The inactivity fees are mildly said monstrous. An account becomes dormant after only 60 days of inactivity with charges ranging from $80 to $500 per month depending on the inactivity period. Have a look at the genuine dormant account policy in the picture below. This set of provisions may give the balance in the account as a gift to the broker if the clients fail to pull out what’s left after they cease trading. The formant account policy is a solid reason to avoid this broker.

There are no trading incentives offered at the time of writing, but Oinvest reserves the right to launch bonus campaigns. Traders should be cautious when they accept the so-called bonus because it’s not free money, but a leverage tool further increasing the risks. EU and UK went even further to fully prohibit the trading incentives on the regulated European markets as a customer protection measure.

Overall, Oinvest is a costly offshore broker unable to guarantee the traders’ funds security fully. It’s also a highly controversial entity, so stay safe and avoid this broker.


One can see hundreds and thousands of promising ads on the Internet and social media. Unfortunately, many of these are fraudulent schemes targeting to rip the people off their hard-earned money.

If you click and provide scammers with your e-mail and contact number they’d contact you immediately and would promise you anything to make you deposit with them as quickly as possible. Most of the scammers are experienced manipulators and before you know it they’d ask for your bank card numbers to make the transaction “easier for you”. The urgency is a warning sign; the fraudsters are always in a hurry to persuade you to begin investing.

But the first deposit is only the beginning. Gradually scammers would ask for more money no matter the circumstances. If you lost on the market, they’d persuade you to put more money and recover the losses. If you traded well, they’d try to convince you to invest more and increase the profits. The troubles start when you ask for a withdrawal. The scammers would do anything to discourage you and even ask you to pay them if you want to withdraw. The scammers’ mantra is “give me your money”, they’d insist every day you should deposit more and more, for no obvious reason. Legit companies do not bother you on the phone to deposit with them, so if someone urges you to start investing, it’s most probably a scam.


Unfortunately, no one is immune to scam. In case you got scammed first protect yourself from additional risks. Contact your bank and explain to them your situation, they will give you necessary instructions to follow and will help you, if possible, recover your money.

Report what happened to you, file a complaint, contact the financial regulator, contact other government institutions related to trading and investing, call the police if you feel necessary. Seek help actively!

It’s crucial not to rush blindly trying to recover your funds because many scam recovery agencies and individuals are stalking, aiming to double scam the victims. They ask for an advanced payment, but do nothing to help you recover your losses and simply pocket the money you’ve sent!

Share online your experience; it’s important to protect others, as well. Be responsible!

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