ROIFX Company Overview

　　

Founding Date and Background

　　ROIFX is a forex brokerage firm that was established in 2021. The company positions itself as a multi-asset investment platform, providing access to a wide range of financial markets, including forex, stocks, commodities, indices, and cryptocurrencies. Despite its relatively recent inception, ROIFX aims to cater to both novice and experienced traders by offering various trading accounts and services.

　　

Parent Company/Ownership Structure

　　ROIFX operates under the ownership of ROI FX Ltd. However, details regarding the parent company structure are limited, and the firm does not appear to be part of a larger financial group.

　　

Headquarters Location

　　The company is registered in the United Kingdom, with its headquarters located at 20-22 Wenlock Road, London, England, N1 7GU. This location places ROIFX within a significant financial hub, although it lacks proper regulatory oversight.

　　

Global Business Scope

　　ROIFX claims to offer its services globally, providing access to multiple asset classes to clients around the world. The firm promotes itself as a gateway to various financial markets, aiming to attract a diverse clientele.

　　

Main Regulatory Bodies

　　ROIFX is not regulated by any recognized financial authority. Despite being registered with the Companies House in the UK, this registration does not confer any regulatory oversight. The Financial Conduct Authority (FCA) in the UK has issued warnings against ROIFX, indicating that it may be operating without proper authorization. This lack of regulation raises significant concerns regarding investor protection.

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Company History and Development

　　

Key Milestones

　　Since its establishment in 2021, ROIFX has faced scrutiny regarding its legitimacy and regulatory status. The FCA's warning issued in May 2023 marked a significant milestone, highlighting the risks associated with the broker.

　　

Business Expansion Journey

　　ROIFX has attempted to expand its offerings by changing its domain names and websites to attract new clients. The firm has moved from its original domain to multiple new addresses, such as www.roitrader.uk and www.roitrader.me, in an effort to continue soliciting investments.

　　

Customer Base Growth

　　While specific customer base statistics are not publicly available, ROIFX claims to serve a wide range of clients interested in forex and other financial instruments. However, the lack of regulation and warnings from financial authorities may hinder its ability to grow a trustworthy customer base.

　　

Platform Development History

　　Details regarding the trading platform used by ROIFX are sparse, with no mention of popular platforms like MetaTrader 4 or 5. This lack of information may deter potential customers who prefer established trading platforms known for their reliability.

　　

Important Awards or Recognitions Received

　　As of now, ROIFX has not received any notable awards or recognitions within the financial services industry. The absence of accolades may further diminish its credibility in a competitive market.

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Trading Services Offered

　　

Forex Trading Options

　　ROIFX offers forex trading services with a maximum leverage of up to 1:600. While the exact number of currency pairs available is not specified, the firm promotes its forex trading options as a key feature of its services.

　　

Stock Trading Options

　　The broker provides access to stock trading, although specific details regarding the number of stocks available or the markets covered are not clearly outlined. This ambiguity may raise questions for potential investors.

　　

CFD Trading Products

　　ROIFX offers Contracts for Difference (CFDs) on various financial instruments, including stocks, commodities, and indices. CFD trading allows clients to speculate on price movements without owning the underlying assets.

　　

Other Financial Instruments

　　In addition to forex and stocks, ROIFX includes cryptocurrencies and commodities in its trading offerings. The inclusion of these asset classes aims to attract a broader audience interested in diverse investment opportunities.

　　

Special Services or Unique Advantages

　　ROIFX claims to provide multiple account types, catering to different trading experiences and preferences. However, the high minimum deposit requirement of $5,000 may limit access for many retail traders.

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Regulatory and Legal Background

　　

Detailed Regulatory Information

　　ROIFX is not regulated by any significant financial authority. The FCA in the UK has issued warnings against the broker, indicating that it operates without proper authorization. This lack of regulation poses a high risk for potential investors.

　　

Legal Entity Structure by Region

　　ROIFX operates under the legal entity ROI FX Ltd, registered in the UK. However, its operations are not backed by any regulatory framework, raising concerns about its legitimacy and accountability.

　　

Client Fund Protection Measures

　　Due to the absence of regulation, there are no clear client fund protection measures in place. Investors should be aware that their funds may not be safeguarded by any financial authority, increasing the risk of potential loss.

　　

Countries/Regions Served

　　ROIFX claims to serve clients globally, but its lack of regulatory oversight may restrict its ability to operate in certain jurisdictions where financial regulations are stringent.

　　

Compliance History

　　ROIFX has faced compliance issues, particularly highlighted by the FCA's warnings. The broker's failure to adhere to regulatory standards raises significant concerns for potential clients regarding its operational integrity.

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Competitive Landscape

　　

3-5 Main Competitors

　　ROIFX competes with several well-known forex brokers in the industry, including:

• IG Group - A well-established broker with a strong reputation and regulatory oversight.
• OANDA - Known for its transparency and robust trading platform.
• Forex.com - A popular choice among retail traders, offering competitive spreads and a variety of trading tools.

　　

Positioning in the Industry

　　ROIFX positions itself as a multi-asset broker, but its lack of regulation and the warnings from financial authorities significantly hinder its competitiveness. The firm struggles to differentiate itself in a crowded market dominated by regulated and reputable brokers.

　　

Market Differentiation Factors

　　While ROIFX offers a wide range of trading instruments and account types, its high minimum deposit requirement and lack of regulatory oversight are substantial drawbacks. The absence of a reliable trading platform and poor customer support further limits its appeal to potential clients.

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　　In conclusion, while ROIFX presents itself as a comprehensive trading platform, its lack of regulation, warnings from financial authorities, and high minimum deposit requirements raise significant concerns for potential investors. Prospective clients should conduct thorough research and consider the risks involved before engaging with this broker.

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