Roinvesting Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
Business
License
CYSEC Unverified 
They are scam. They are nefarious, for example, they charge you 50 euros of commission if you make a withdrawal. It is in their policies! Nothing recommendable. Also very bad service and very high spreads and commissions.
Roinvesting has established itself as a notable player in the online trading space since its inception in 2017. This Cyprus-based broker, operated by Royal Forex Ltd, offers a wide array of trading instruments, including forex, CFDs, stocks, commodities, and cryptocurrencies, all facilitated through the popular MetaTrader 4 platform. However, despite its regulatory oversight by the Cyprus Securities and Exchange Commission (CySEC), user reviews reveal a mixed bag of experiences, with concerns regarding customer service and withdrawal processes.
Note: It's important to highlight that Roinvesting operates under different entities in various regions, which may affect the services offered. Therefore, potential users should carefully review the terms and conditions applicable to their specific location to ensure compliance and understanding.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 7 |
| Customer Service and Support | 5 |
| Trading Setup (Experience) | 6 |
| Trustworthiness | 6 |
| User Experience | 5 |
How We Rate Brokers: Ratings are based on a comprehensive analysis of user reviews, expert opinions, and factual data from various sources.
Founded in 2017, Roinvesting is a trading name of Royal Forex Ltd, a Cyprus-based investment firm. The broker is regulated by CySEC, which allows it to operate within the European Union under the MiFID II directive. Roinvesting primarily offers trading through the MetaTrader 4 platform, which is renowned for its user-friendly interface and extensive analytical tools. Traders can access a wide range of assets, including over 350 instruments, making it suitable for both beginner and experienced traders.
Regulated Geographical Areas:
Roinvesting is primarily regulated in Cyprus and can offer services across the European Economic Area (EEA). However, it does not accept clients from the United States or other regions outside its regulatory scope.
Deposit/Withdrawal Currencies/Cryptocurrencies:
Traders can fund their Roinvesting accounts in EUR, USD, or GBP. The broker supports various payment methods, including credit/debit cards, bank transfers, and popular e-wallets like PayPal, Skrill, and Neteller. However, withdrawal requests may incur fees, particularly if the amount is below €100.
Minimum Deposit:
The minimum deposit required to open an account with Roinvesting is $250, which is competitive compared to many other brokers.
Bonuses/Promotions:
Currently, Roinvesting does not offer any sign-up bonuses or promotional incentives. Instead, the focus is on providing transparent trading conditions without gimmicks.
Tradable Asset Classes:
Roinvesting allows trading in various asset classes, including forex pairs, CFDs on stocks, commodities, indices, and cryptocurrencies. The broker's crypto offerings are particularly noteworthy, with access to 33 crypto CFD pairs.
Costs (Spreads, Fees, Commissions):
Roinvesting operates on a commission-free model, with spreads starting at 0.7 pips for forex pairs. However, users have reported that spreads can be higher for certain assets, particularly commodities. Additionally, the broker imposes significant inactivity fees, which can escalate to $500 after prolonged periods of inactivity.
Leverage:
Roinvesting offers leverage of up to 1:500 for professional accounts, while retail accounts are limited to a maximum of 1:30, in line with regulatory standards.
Allowed Trading Platforms:
Traders can choose between the MetaTrader 4 desktop application, the web-based platform, or the mobile app, ensuring flexibility in trading options.
Restricted Areas:
While Roinvesting operates within the EEA, it does not accept clients from the United States or other regions where it lacks regulatory approval.
Available Customer Support Languages:
Roinvesting provides customer support in multiple languages, including English, German, Spanish, French, Italian, Portuguese, Dutch, and Russian. However, support is limited to weekdays from 7:00 to 17:00 GMT, which may be a drawback for some users.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 7 |
| Customer Service and Support | 5 |
| Trading Setup (Experience) | 6 |
| Trustworthiness | 6 |
| User Experience | 5 |
Account Conditions:
Roinvesting offers three types of accounts—Silver, Gold, and Platinum. The Silver account starts with a minimum deposit of $250 and provides access to all trading instruments, while the Gold and Platinum accounts offer additional features such as lower spreads and dedicated account management. However, user feedback indicates that the quality of support from account managers may vary significantly, with some users reporting aggressive sales tactics.
Tools and Resources:
The educational resources provided by Roinvesting are commendable, with a variety of webinars, articles, and tutorials available. However, users have noted that the broker lacks advanced analytical tools and market news, which could be a disadvantage for more experienced traders.
Customer Service and Support:
Customer service has received mixed reviews. While some users appreciate the promptness of responses, others have expressed frustration over the limited availability of support and the aggressive nature of account managers. This inconsistency in service quality raises concerns about the overall user experience.
Trading Setup (Experience):
The trading experience on Roinvesting is generally positive due to the user-friendly MetaTrader 4 platform. However, the higher spreads on certain assets and the significant inactivity fees can detract from the overall trading experience.
Trustworthiness:
Roinvesting is regulated by CySEC, which provides a level of assurance regarding its operations. However, the broker's history of regulatory fines and negative user reviews raises questions about its overall trustworthiness.
User Experience:
While many users find the platform intuitive and easy to navigate, the concerns regarding customer service and withdrawal processes have led to a less favorable user experience overall.
Roinvesting presents a mixed picture for potential traders. While it offers a variety of trading instruments and a user-friendly platform, concerns regarding customer service, high inactivity fees, and aggressive sales tactics from account managers should be carefully considered. As always, prospective traders should conduct thorough research and consider their trading needs before opening an account with Roinvesting.
In summary, while Roinvesting offers compelling features, the overall user sentiment suggests caution is warranted, especially for new traders.
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