Broker Review: OInvest.com

Broker Review: OInvest.com

by 23. April 2020

Oinvest is a CFD broker that offers financial trading services in a variety of assets like Forex, Stocks, Indices, Commodities and Crypto coins on the popular MT4 trading platform. Users can access the MT4 trading platforms on Windows Desktop and mobile apps including Android and iOS apps. The broker also offers traders the chance to open Islamic trading accounts. However, the services are currently not available for clients in the USA or Europe.

Oinvest brokerage firm was established in 2019 and registered as a company with the name, Aronex Corporation Ltd. The firm allows CFD trading on a broad collection of financial products like Forex, US Stocks, European Stocks, Australian Stocks, Indices, Commodities, and Crypto coins.

Educational resources

The broker offers inspiring education resources on a broad collection of topics and these can be accessed both in Videos forms when requested and in the form of Ebooks and Trading Courses.

Trading platform

Traders on the Oinvest trading platform can do so through the MetaTrader 4 trading platform which the broker offers on Windows Desktop, Web-based platforms and mobile platforms including Android and iOS apps. 

Trading Accounts

Oinvest offers traders three different types of standard trading account which are tiered as Silver, Gold and Platinum accounts. The tier a trader belongs depends on their trade volume and investment levels. There is equally an Islamic account for those who are conscious of Islamic law. Opening an account with the broker takes a simple and easy process. 

Regulations

 Oinvest certificate shows that the company operates under the regulatory surveillance of the Seychelles Financial Services Authority (SFSA) via its company name Aronex Corporation Ltd.

Tradable assets

Oinvest offers traders 345 tradable instruments which include Forex, Stocks, Indices, Commodities and Cryptocurrencies. The assets they offer include 47 Fiat currencies, 33 Crypto coins, 15 Indices, 17 Commodities, 79 US Stocks, 76 European Stocks, and 78 Australian Stocks. Some of the instruments offered are listed in the table below: 

FOREX PAIRSINDICESCOMMODITIES
AUD/NZDASX 200Cocoa
GBP/CADCAC 40Brent Oil
EUR/JPYDOW 30Platinum
USD/CHFNikkei 225Sugar
USD/INRVolatility IndexGold
Shares (US)Shares (European/Australian)Crypto pairs
AdobeBarclaysADA/USD
BoeingRWEBAB/USD
IntelLVMHBTC/GBP
NikeANZ Banking GroupETH.EUR
RaytheonCommonwealth BankXRP/EUR

 Account Opening

Opening account with Oinvest involves a few easy steps. Visit the website and click on the tab, Open Account. Key in your name, contact phone number, your email, and password. When done, click continue to get to the next stage of the application process. This takes you to a page that allows you to deposit your trading funds. depositing funds into a trading account. If you want to defer payment till later, you can click on the Not Now tab. 

You need to submit the required verification documents and if you don’t have them handy, you can also click on the Not Now tab to return to it later. When you get passed this step, you will get a confirmation email to say your registration was successful. 

Deposit & Withdrawals of funds 

Traders deposit and withdraw funds from Oinvest through Credit cards, Debit Cards and PayTrust88 and Rave. The minimum deposit amount when using Credit or Debit Card is 250 USD, the maximum deposit amount is 10,000 USD. Depositing and withdrawal of funds on the platform can take a maximum of 7 business days to complete. The least amount the users can withdraw from the platform is 100 USD. 

Commissions & Spreads

The trading charges on the Oinvest broker’s platform differ depending on the financial market and the asset being traded. The spread for the EUR/USD currency pair, for instance, can begin from as low as 2.2 pips for Silver Accounts, 1.3 pips for Gold Accounts and 0.7 pips for Platinum Accounts. 

Oinvest Trading offers

 Traders on the Oinvest platform can engage in the following trades:

  • Forex Trading
  • Indices Trading
  • Commodities Trading
  • Cryptocurrency Trading
  • Stocks Trading

Bonus & Promotions

Oinvest doesn’t presently offer any bonus or promotion.

Customer Support

Oinvest provides customer support to clients from Monday to Friday between 3 am to 2 pm GMT through Live Chat, Phone, Email, and a Web Contact Form.

Research materials

The financial trading company provides valuable research materials on the site in the form of Economic Calendar and Earnings Calendar. Oinvest provides a few research tools. However, it doesn’t feature Economic Calendar and Earnings Calendar on the website’s home page.

Trading Experience

Oinvest provides an easy-to-use platform and educational materials that are suitable for both beginners, and professional traders alike. 

Conclusion

Oinvest is a reputed broker that is regulated and provides fair trading conditions. The fact that it operates under the supervision of such a regulatory body means trading with Oinvest is safe. Regulated brokers follow acceptable business practices like non-manipulation of market prices. They will also honor any withdrawal request you make. 

It provides traders with some degree of insurance in the event the broker files for bankruptcy. Especially the excellent selection of educational tools show that this provider is ideal for traders who are new to the markets and need that extra support.

 

Disclaimer: this is an article written by Oinvest. Fintechnews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. Fintechnews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article. Leveraged Contracts for Difference (“CFD”) and Foreign Exchange (“Forex”) trading carries a high degree of risk

Please note this is no investment advice.

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