English
ROITEKS foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.roiteks.com/open-account, about the company's legal and temporary regulatory information, the company's address .
ROITEKS Forex Broker
No Regulation
Rating Index
This rating is sourced from 
Company profile
General Information & Regulation Roiteks is owned and operated by Green Oak LTD, a Bulgaria based company, a subsidiary of Vantu Capital LTD, which on its part is registered on the Marshall Islands. Unfortunately, the company is not regulated neither in Bulgaria, nor by any of the well-respected financial authorities. Markets Instruments ROITEKS offering 28 forex pairs with several exotic currencies like Russian Ruble, South African Rand, Swedish Krona, Norwegian Krone and Danish Krone, as well as a variety of CFDs on commodities like coffee and oil, precious metals, including silver gold and platinum, 8 major indices, stocks and 47 crypto coins, among which Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, USD Tether, Monero, Dash, Ripple, Zcash, Golem, Lisk, OmiseGO and NEM. Minimum Deposit The minimum deposit requirement is set at 250 USD, which is acceptable for most regular traders. Micro Trade Size The minimum trade size allowed by Roiteks is 0.01 lot, which is quite friendly to beginners. Leverage The default leverage offered by Roiteks is 50:1, which is a little conservative. However, since leverage can amplify gains as well as losses, inexperienced traders are not advised to use too high leverage. Spreads & Commissions Spreads, as tested with a demo account on their web-based trading platform, were quite attractive. The benchmark EURUSD spread fluctuated between 0,4 and 0,5 pips. Still, because the broker is unregulated, this is too low to be true. Trading Platform Available When it comes to trading platform available, what Roiteks offers is a proprietary platform, not the industry recognized MT4 or MT5 trading platform. Deposit& Withdrawal Currently the only payment methods accepted by Roiteks are credit cards like VISA and MasterCard and bank wire.
How to login to ROITEKS?
ROITEKS Similar Brokers
Latest Reviews
Pros
User-friendly trading platform that is straightforward for new traders. Wide variety of underlying assets available for trading, including multiple cryptocurrencies and forex pairs. Attractive spreads and leverage options for certain trading pairs.Cons
Unregulated and lacks proper licensing, raising concerns about safety and reliability. Numerous complaints regarding withdrawal issues and aggressive sales tactics from customer support. Limited advanced features on the trading platform compared to industry-standard platforms like MetaTrader 4.Basic Information
Registered Region 
Bulgaria
BulgariaOperating Period
--
Company Name
Green Oak LTD
Abbreviation
ROITEKS
Company employee
--
Customer Service Email Address
support@roiteks.com
Contact Number
+ 44 (20) 34554866
Company Website
How to login to ROITEKS?
Roiteks Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Roiteks Account Registering for a Roiteks account is a straightforward process that involves several key steps. Below is a detailed guide to help you complete your registration successfully. Step 1: Accessing the Registration Page To begin your Roiteks registration, navigate to the official Roiteks website. Look for the "Sign Up" or "Register" button, typically located at the top right corner of the homepage. Click on this button to be directed to the registration form. Step 2: Filling in Required Information You will be prompted to fill out a registration form. This form generally requires basic personal information, including: Full name Email address Phone number Desired password Make sure to use a strong password that combines letters, numbers, and special characters to enhance your account security. Step 3: Email/Phone Verification After submitting your information, Roiteks may send you a verification link to your email or a verification code to your phone. Click the link or enter the code as instructed to verify your contact information. This step is crucial to ensure that you have provided accurate details. Step 4: Identity Verification (if required) Depending on your region and the regulations in place, Roiteks may require additional identity verification. This can include uploading a government-issued ID or proof of residence. Ensure that the documents are clear and legible to avoid delays. Step 5: Registration Confirmation Upon successful verification, you will receive a confirmation email indicating that your registration was successful. You may also be redirected to your newly created account dashboard. Common Registration Issues and Solutions Email Not Received: If you do not receive the verification email, check your spam or junk folder. If its still missing, try resending the verification email from the registration page. Verification Code Issues: If the verification code does not work, ensure you entered it correctly. If problems persist, contact Roiteks customer support for assistance. Regional Differences in Registration While the registration process is largely uniform, certain regions may have specific requirements due to local regulations. Ensure you check Roiteks' policies for your country to avoid any complications. Part Two: Roiteks Account Opening Detailed Guide Understanding the Difference Between Registration and Account Opening While registration is the initial step to create an account, account opening involves additional steps to set up your trading capabilities. Registration creates your user profile, while account opening enables you to trade. Preparation Work Before Account Opening Before proceeding with the Roiteks account opening process, ensure you have the following documents ready: Government-issued ID (e.g., passport or drivers license) Proof of address (e.g., utility bill or bank statement) Any additional documents as specified during registration Detailed Account Opening Steps Step 1: Selecting Account Type Roiteks typically offers a standard trading account. Ensure you understand the features and limitations of the account type you choose. Step 2: Submitting Required Documents Upload the necessary documents for identity verification as prompted on the platform. Ensure that all documents are up-to-date and clearly scanned. Step 3: Account Review Process Once documents are submitted, Roiteks will review your application. This process may take a few days, depending on the volume of applications. Step 4: Account Activation Upon successful review, you will receive an email confirming that your account has been activated. This email will also include instructions on how to log in. Step 5: Initial Setup After activation, log in to your Roiteks account for the first time. You may need to set up additional security features, such as two-factor authentication, for enhanced security. Frequently Asked Questions About Account Opening How long does the account opening process take？ The review process can take anywhere from a few hours to several days, depending on the verification requirements. What if my documents are rejected？ If your documents are rejected, Roiteks will provide feedback on what is required for resubmission. Next Steps After Opening an Account Once your account is open, consider making an initial deposit to start trading. Familiarize yourself with the trading platform and explore educational resources provided by Roiteks to enhance your trading knowledge. Part Three: Roiteks Login Process Explained Basic Web Login Process Logging into your Roiteks account is essential for managing your trades and account settings. Follow these steps to log in: Step 1: Access the Roiteks Website Navigate to the Roiteks homepage and look for the "Login" button, typically located at the top right corner. Step 2: Enter Your Credentials Input your registered email address and password into the provided fields. Ensure that your password is entered correctly, as it is case-sensitive. Step 3: Complete Security Verification If prompted, complete any additional security verification, such as CAPTCHA or two-factor authentication. Step 4: Click on Login Once all fields are filled out correctly, click the "Login" button. You should be redirected to your account dashboard. Step 5: Logout When Finished Always remember to log out after your session, especially if you are using a public or shared computer. Mobile App Login Process If Roiteks offers a mobile application, the login process is similar: Open the Roiteks app. Enter your login credentials. Complete any security verification as prompted. Tap "Login" to access your account. Other Login Methods If Roiteks supports third-party logins (like Google or Facebook), you can choose these options for a quicker login process. Common Login Issues and Solutions Forgotten Password: Use the "Forgot Password？" link on the login page to reset your password. Follow the emailed instructions to create a new password. Account Lockout: If you enter incorrect credentials multiple times, your account may be temporarily locked. Wait for a specified time or contact customer support for assistance. Technical Issues: If you encounter technical issues, try clearing your browser cache or using a different browser. Ensure your internet connection is stable. Overview of Features After Login Upon logging in, you will have access to various features, including: Trading dashboard Account settings Deposit and withdrawal options Educational resources and market analysis tools Additional Sections Account Security Recommendations Use a strong, unique password for your Roiteks account. Enable two-factor authentication for added security. Regularly monitor your account for any suspicious activity. Best Practices for Account Management Keep your personal information updated. Set a budget for trading and stick to it. Take advantage of educational resources to improve your trading skills. How to Get Technical Support If you encounter any issues or have questions, you can reach Roiteks' customer support via: Email: support@roiteks.com Live chat on their website Phone support, if available in your region By following this comprehensive guide, you can navigate the registration, account opening, and login processes with confidence on the Roiteks platform. Always remember to conduct thorough research and stay informed about trading practices to maximize your success.
Roiteks Forex Broker - Comprehensive Information Guide
1. Broker Overview
Roiteks broker, established in November 2017, is an unlicensed forex and cryptocurrency trading platform. The company operates under the name Green Oak Ltd, which is registered in Sofia, Bulgaria. While it claims to have a presence in various locations, including a contact number in the UK, its primary operations are based out of Bulgaria. Roiteks is privately held and has not pursued any public listing.
The broker primarily targets retail clients interested in trading forex and CFDs (Contracts for Difference) across a diverse range of assets. Since its inception, Roiteks has aimed to provide a user-friendly trading environment, particularly for newcomers to the market. However, the lack of regulatory oversight raises concerns about its operational integrity.
Roiteks operates as a subsidiary of Vantu Capital Ltd, which is registered in the Marshall Islands, a known offshore jurisdiction. This relationship has led to questions about the credibility and reliability of the broker's services. The business model focuses on retail forex trading, offering a variety of financial instruments including currency pairs, commodities, indices, and cryptocurrencies.
2. Regulatory and Compliance Information
Roiteks broker operates without a license from any major regulatory authority, which is a significant red flag for potential investors. The primary regulatory bodies that oversee trading firms, such as the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC), do not recognize Roiteks as a legitimate broker.
- Regulatory Authorities: No valid licenses from major authorities such as FCA or ASIC.
- Regulatory Numbers: Not applicable as Roiteks is unlicensed.
- License Validity and Scope: The absence of a license means there is no oversight, which can lead to potential malpractice.
- Legal Entities: Registered as Green Oak Ltd in Bulgaria and Vantu Capital Ltd in the Marshall Islands.
- Client Fund Segregation Policy: There is no evidence of a client fund segregation policy in place.
- Investor Compensation Fund Participation: Roiteks does not participate in any investor compensation schemes, leaving clients vulnerable in case of insolvency.
- KYC and AML Compliance: While Roiteks may have KYC (Know Your Customer) and AML (Anti-Money Laundering) measures, the lack of regulatory oversight raises questions about their effectiveness.
3. Trading Products and Services
Roiteks broker offers a diverse array of trading products, including:
- Forex Currency Pairs: A wide selection of both major and minor currency pairs, although specific numbers are not disclosed.
- CFD Products: The platform provides CFDs on indices, commodities, individual stocks, and a range of cryptocurrencies such as Bitcoin, Ethereum, and others.
- Unique Trading Instruments: Roiteks claims to offer unique trading options, including exotic currency pairs and crypto-to-crypto trading.
- Product Update Frequency: There is no clear information on how frequently new products are added to their offerings.
- Retail Trading Services: Primarily focused on retail clients, Roiteks provides a straightforward trading experience.
- Institutional Client Services: There is no indication that Roiteks caters to institutional clients or offers white-label solutions.
- Asset Management Services: Information regarding asset management services is not provided.
4. Trading Platforms and Technology
Roiteks broker utilizes the Spot5 trading platform, which is web-based and does not require any downloads. This platform is designed to be user-friendly, particularly for novice traders, but lacks the sophistication and advanced features offered by industry-standard platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5).
- MetaTrader Support: Roiteks does not support MetaTrader platforms.
- Proprietary Platform Details: The Spot5 platform is simplistic and primarily offers basic charting capabilities.
- Web-Based Trading Platform: Accessible via web browsers, allowing trading from various devices.
- Mobile Application: There is no dedicated mobile application for iOS or Android.
- Execution Model: The execution model details are not clearly stated, but it operates on a market-making basis.
- Server Location and Infrastructure: Specifics about server locations and technical infrastructure are not disclosed.
- API Access and Automated Trading Support: There is no information available regarding API access for automated trading.
5. Account Types and Trading Conditions
Roiteks broker offers a single type of trading account, with the following conditions:
- Standard Account Conditions:
- Minimum Deposit: $250
- Spreads: Generally around 0.4 to 0.5 pips for major currency pairs.
- Commission: No commission on trades is stated.
- Advanced Account Types: No advanced or VIP account types are mentioned.
- Special Accounts: No Islamic or corporate accounts are offered.
- Demo Account Policy: A demo account is available, but it requires providing personal information.
- Leverage Ratios: Leverage can vary, with maximum ratios reported up to 1:200 for major pairs.
- Minimum Trade Size: The minimum trade size is $25.
- Overnight Fees: Specific policies on overnight fees are not provided.
6. Fund Management
Roiteks broker supports various deposit and withdrawal methods, including:
- Deposit Methods: Credit cards (Visa, MasterCard) and bank wire transfers.
- Minimum Deposit Requirements: $250 for trading accounts.
- Deposit Processing Time: Typically processed instantly for credit cards; bank transfers may take longer.
- Deposit Fees: No specific fees for deposits are mentioned.
- Withdrawal Methods and Restrictions: Withdrawals can be made via credit card or bank wire.
- Withdrawal Processing Time: Withdrawals may take up to 10 days to process.
- Withdrawal Fee Structure: No specific fees for withdrawals are disclosed.
7. Customer Support and Educational Resources
Roiteks broker offers several customer support channels:
- Support Channels: Available via phone, email, live chat, and social media.
- Service Hours and Time Zone Coverage: Customer support operates during business hours, but specific times are not disclosed.
- Multilingual Support: Support is primarily in English, with no information on additional languages.
- Educational Resources: The broker does not provide extensive educational materials or resources.
- Market Analysis Services: Limited market analysis services are available, with no specifics on frequency or type.
- Trading Tools: Basic trading tools such as calculators and economic calendars may be available, but details are not provided.
8. Regional Coverage and Restrictions
Roiteks broker aims to serve a global market, but there are notable restrictions:
- Primary Service Markets: Focused on retail clients globally, particularly in regions with less stringent regulations.
- Regional Office Distribution: Claims to have an office in the UK but operates mainly from Bulgaria and the Marshall Islands.
- Countries/Regions Not Accepted: Specific countries where clients are not accepted are not disclosed, but potential restrictions exist for jurisdictions with strict regulatory frameworks.
- Special Restrictions: The broker has been flagged by various regulatory authorities for operating without proper licensing, which may affect its ability to service clients in certain jurisdictions.
In conclusion, while Roiteks broker presents itself as a trading platform for forex and cryptocurrencies, the lack of regulatory oversight and transparency raises significant concerns for potential investors. It is advisable to approach with caution and consider alternatives that provide proper regulatory protection and support.
ROITEKS Similar Brokers
Latest Reviews
FX1399903781
Malaysia
Judging by the performance of the demo account alone, they can be considered a very good broker, with low spreads, fast execution, and trading conditions that are too good to believe that what they see is real. But because everything is performing so well, and looking at their regulatory license, sure enough, it is an unlicensed broker, which means that these may be just fake.
37130
2023-03-21
ROITEKS Forex Broker has an overall rating of 1.58, Regulatory Index 0.00, License Index 0.00, Business Index 7.53, Software Index 4.00 Risk Control Index 0.00.
FX6759105102
Colombia
I deposited $250 because they said they were the best broker and promised good profits. However their website disappeared suddenly with all my investment gone.
Exposure
2021-07-29