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For more information about ROI TRADE Forex Broker company profile, come to WikiBit!

Rating Index

Pros

User-friendly trading platforms, such as MetaTrader 4 and 5, which are popular among traders.
Offers a VPS service for improved trading performance and reliability.
No restrictions on broker accounts, allowing for flexible trading strategies.

Cons

Lacks valid regulatory oversight, raising concerns about the security of funds and accountability.
Low trust score and negative reviews suggest a high risk of scams or fraudulent activities.
Limited customer support options, which may lead to difficulties in resolving issues promptly.

ROI TRADE Company

ROI Trade Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

ROI Trade Company, operating under the name Essential Capital Group Ltd, was established approximately 2 to 5 years ago. The company positions itself as a player in the forex trading market, utilizing the popular MetaTrader 4 and MetaTrader 5 platforms to facilitate trading for its clients.

Parent Company/Ownership Structure

ROI Trade is not explicitly linked to a well-known parent company, indicating that it operates independently. The lack of regulatory oversight raises questions about its ownership structure, which is not publicly disclosed.

Headquarters Location

The company is registered in the United Kingdom, a region known for its financial services but also for stringent regulatory requirements that ROI Trade currently does not meet.

Global Business Scope

ROI Trade primarily focuses on forex trading but aims to cater to a global audience. However, due to its lack of regulation, the extent of its global operations remains uncertain, particularly in regions with strict financial regulations.

Main Regulatory Bodies

Currently, ROI Trade has no valid regulatory information, which means it is not overseen by any recognized regulatory bodies. This absence of regulation poses potential risks for clients and raises concerns about the company's legitimacy.

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2. Company History and Development

Key Milestones

  • Establishment: ROI Trade was founded within the last 2 to 5 years, marking its entry into the competitive forex market.
  • Platform Adoption: The company adopted MetaTrader 4 and MetaTrader 5 as its trading platforms, which are widely recognized and used in the industry.

Business Expansion Journey

While specific details on business expansion are limited, ROI Trade's strategy appears to focus on attracting clients through accessible trading platforms. However, the lack of regulation may hinder its growth potential and client trust.

Customer Base Growth

The company has not publicly disclosed its customer base growth metrics, making it difficult to evaluate its market penetration. The absence of regulation may also impact its ability to attract a larger client base.

Platform Development History

ROI Trade utilizes white-label versions of MetaTrader 4 and MetaTrader 5, which indicates that it may not have developed proprietary trading technology. Instead, it relies on established platforms to provide trading services.

Important Awards or Recognitions Received

As of now, there are no publicly available records of any awards or recognitions received by ROI Trade, which may reflect its relatively new presence in the market.

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3. Trading Services Offered

Forex Trading Options

ROI Trade offers a selection of forex trading options, including a variety of currency pairs. However, specific details on the number of currency pairs available are not disclosed. This limitation can affect traders looking for diverse trading opportunities.

Stock Trading Options

The company does not prominently feature stock trading options in its offerings, which may limit its appeal to traders interested in equities.

CFD Trading Products

ROI Trade provides Contract for Difference (CFD) trading products, allowing clients to speculate on price movements without owning the underlying asset. However, details on the specific CFDs available are not clearly outlined.

Other Financial Instruments

While the company primarily focuses on forex and CFDs, there is no concrete information available regarding the inclusion of cryptocurrencies or commodities in its trading portfolio.

Special Services or Unique Advantages

ROI Trade claims to offer no restrictions on broker accounts and provides VPS services. However, the absence of regulation and verified customer testimonials raises questions about the reliability of these claims.

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Detailed Regulatory Information

ROI Trade operates without any valid regulatory oversight. This lack of regulation poses significant risks for clients, as there is no governing body to ensure compliance with industry standards or to protect client funds.

The company is registered in the United Kingdom, but it lacks a transparent legal entity structure, making it difficult for clients to ascertain the company's legitimacy and operational practices.

Client Fund Protection Measures

Due to the absence of regulation, there are no known client fund protection measures in place. This situation raises concerns about the safety of client investments.

Countries/Regions Served

While ROI Trade aims to serve a global audience, its lack of regulation may limit its operations in certain regions, particularly those with stringent financial laws.

Compliance History

As there are no regulatory bodies overseeing ROI Trade, there is no compliance history available for review. This absence of oversight may lead to potential risks for clients.

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5. Competitive Landscape

3-5 Main Competitors

  1. IG Group: A well-established forex and CFD broker with strong regulatory oversight.
  2. OANDA: Known for its transparent pricing and extensive educational resources.
  3. Forex.com: A reputable broker offering a wide range of trading instruments and robust regulatory compliance.

Positioning in the Industry

ROI Trade's positioning in the industry is challenging due to its lack of regulation and transparency. While it offers popular trading platforms, the absence of oversight may deter potential clients compared to more established and regulated competitors.

Market Differentiation Factors

ROI Trade attempts to differentiate itself by offering no restrictions on broker accounts and VPS services. However, without regulatory backing and verified performance, these factors may not be sufficient to attract a significant client base.

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In conclusion, ROI Trade Company presents itself as a forex trading platform with certain appealing features, such as the use of popular trading platforms and no account restrictions. However, the significant lack of regulatory oversight raises concerns about its legitimacy and client safety. Potential clients should exercise caution and conduct thorough research before engaging with ROI Trade.

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