ROInvesting is a Cyprus-based broker founded in 2017 offering a wide range of trading opportunities on a number of markets including Forex, Cryptocurrencies, Stocks and CFDs without commission charges and spreads from 0.03 pips.
In addition, ROInvesting is one of the trade names used by Royal Forex Ltd, which runs GMO Trading and Royal Forex brands, which are very common trade names.
ROInvesting mainstays on innovative technology solutions and trading results, based on high-tech analysis tools, guaranteeing powerful trading performance with effective customer service. In addition to the required legislation and safe transactions, ROInvesting abides by unprecedented quality regulations.
Therefore, you are dealing with a trustworthy partner who will treat you equally. This is a crucial point, as most offshore brokers are unable to provide decent trustworthiness, which is why we suggest that they should be avoided at all costs. In addition, we will see some of the information and conditions that ROInvesting offers to determine if this broker is right for you.
List of 10 Points Summing up the Broker
- ROInvesting is a Cyprus-based broker, a trading name used by Royal Forex Ltd
- A broker holding a CySEC license and governed under the MiFID Directive
- Scope of trading markets include Stocks, Cryptocurrencies, Forex and other 350+ assets
- Free demo app account available with no limits
- Minimum deposit – $100 that can be deposited with a credit card
- Few base currencies have been offered
- Trading costs and spreads for CFD trading are small
- MT4 and the main trading program of WebTrader, along with the mobile app
- Comprehensive education and learning resources, like articles, videos, etc., appropriate for beginners and pros
- Customer Support is available in multiple languages
Even being new to trading, ROInvesting has already received prestigious awards and is known as a progressive brokerage company. They were named:
- Best CFD broker in Europe 2020
In addition, ROInvesting is the official CFD affiliate of AC Milan, which shares the reputation with some of the greatest footballers and the same attitude of being the most advanced players in the financial arena.
Is ROInvesting safe or is it a scam?
Regulatory status is the first question to be asked when choosing a broker, putting aside the attractiveness of the proposal. You can verify both the license of the broker and see its legal information through the official regulatory website, as some unscrupulous brokers may also misrepresent its information.
ROInvesting is the trade name used by Royal Forex Ltd, a Cyprus-based and regulated financial investment firm. Its legal status is confirmed by the license obtained from the local authority CySEC, which is in line with the European ESMA and the MiFID Directive, allowing members to provide valid trading services within Cyprus and with EEA cross-border services.
How are you being protected?
A regulated broker means that the company is continuously supervised by the authority. The broker was closely reviewed before obtaining its license and matched the plan with safety measures, which are reported and audited on a daily basis. Such regulatory measures are designed to protect investors as a priority, making it almost impossible for brokers to misrepresent false data or to deceive trading accounts, which is the main purpose of the Forex trading license.
Naturally, there are strict monetary care mechanisms, though ROInvesting is obliged to keep investors’ money separate from its own assets and to use separate accounts only.
In addition, there is compensation for the client’s assets in the event of brokers going bankrupt or facing unlikely events. As a client, you may ask for the assistance of the regulatory body if there is any confusion or violation of the rules which ensures that you are not left on the sidelines.
Leverage, provided by a broker, enables trading that is more exposed to markets than your initial balance. Usually presented as a ratio of leverage levels often abide by regulatory restrictions, as retailers may fall into high risk without proper knowledge of how to use the tool in a smart manner.
Consequently, due to the potential risks involved, recent regulatory changes by the European regulators and CySEC, in particular, reduced the maximum leverage available to retail account holders. Professionals may still apply for ratios up to 1:200, but only once the status has been confirmed.
- Forex instruments and Currency Pairs leverage is set to a max of 1:30
- CFDs on stocks, indices and more up to 1:5 according to the requirements of the instrument
- Commodity CFDs offer up to 1:10
In the beginning, to get acquainted with the ROInvesting platform, you can sign up for the Free Demo Account. Then select the appropriate Live Account terms from the offer.
Forms of Account
There are three main account types provided by ROInvesting: Silver Account, Gold Account and Platinum Account.
Each of them is designed to offer the best proposal for smaller traders and to offer better conditions as long as the market exposure increases. Therefore, the first grade account has the same customer service as the option of converting to an Islamic account, available to traders under Sharia law.
On top of that, by increasing your account capital, the Gold account will include a dedicated account manager and a swap discount. The Platinum account will offer even more free VPS services and customized investment conditions and news.
Also, if you’re a professional trader, ROinvesting offers you to start with 3 easy steps for registering, depositing and an immediate start, all of which have been specifically tailored to your needs.
Step by Step Instructions on How to Open an Account
- Click on the Sign In ROInvesting page
- Enter your personal data (name, email, phone, etc.)
- Confirm access via your e-mail address and verify your information via your documents
- Demo account availability is instant
- Make your first deposit and choose the type of account you want
- Start trading
ROInvesting has a low fee proposal that is based solely on spread charges, which means no commission or additional charges.
ROInvesting offers 6 types of instruments based on CFDs, including Forex, Futures, Index, Shares and Digital Currencies. Also, ROInvesting proposes to trade cryptocurrencies counting in the common Bitcoin, Etherium, Ripple and more. All in all, make sure you understand how CFDs work before you sign in with ROInvesting, as that’s their mainstay, and if you want to trade on a different basis you’d better find other brokers.
Our Find on CFD Fees
While trading with RoInvesting, as a broker based on a CFD proposal, the key cost is a spread or gap between the bid and ask price. Remember, however, that swaps or overnight payments for positions longer than one day are also considered to be fees. In addition, there is a currency conversion that is available for changes as long as the basic currency of your account is different from the currency you exchange.
However, generally speaking, ROInvesting fees are quite low for currencies and other instruments, but commodities may be a bit high for first-grade silver accounts. Gold and Platinum account holders will benefit from reduced spreads and swaps between 25 percent and 50 percent, which is already quite a good fee structure.
For better understanding, let’s look at the EUR USD pair where the Silver account spread is 28 points, the Gold account offers 20 points and the Platinum 18 points. The qualified client account also has various fee structures, while the Silver account recommends 25 points for the EURUSD pair. You can see more examples below compared to other brokers.
Comparison Between ROInvesting fees and Similar Brokers
|Asset/ Pair||ROInvesting Fees||ETFinance Fees||OctaFX Fees|
|Crude Oil WTI||80||30||20|
|Fee ranking||Low/ Average||High||Average|
Deposits and Withdrawals
Money transfer and transparency in the transaction is another important point you should take into account when choosing a broker. However, it should always be noted that different countries enforce different rules for money transfers and available payment methods, so you should always contact customer service for your convenience.
Methods of Deposit
ROInvesting offers a truly wide range of deposit options that endorse even the famous PayPal in addition to cards and traditional wire transfers. In particular, you may use the following methods for your deposits.
- Credit card and debit card
- Transfer via wire
- E-payments: Skrill, Neteller, SafeCharge, DECTA, Payvision, INPAY, Trusty, PayPal, Paysafe, etc.
What is the Minimum Deposit for ROInvesting?
To open an account with ROInvesting, the minimum deposit is usually $100, although is higher rank or qualified account would require larger amounts. Also, ROInvesting provides free deposits.
However, be sure to check the terms of the deposit fee, depending on the method of payment and currency of your trading account, as you may consider the currency conversion charge or the deposit fee under your jurisdiction.
How Do You Withdraw Money from ROInvesting?
You can withdraw money from the ROInvesting account by sending a withdrawal request to your account area. Usually, brokers process withdrawals within 2-3 days, but still allow your payment provider to process transactions that may take several additional days.
Platforms for Trading
The trading platform available with ROInvesting for transactions and trading is an option between WebTrader or the popular MetaTrader4.
The biggest advantage of the Web Platform is that you do not need to download the software so you can access trading via any browser or device.
The Web Platform is a rather simplified version that makes the trading process smooth, featuring all the tools needed for basic analysis, browsing and charting, but lacks advanced desktop features.
Look and Feel
We also found a trading platform with a clear and good view of both market analysis and trading performance. Charting is actually very popular with MT4 with great monitoring capabilities, allowing intuitive surfing that is great for beginners.
MetaTrader4 Desktop Platform is available for download and installation on any computer, including PC and MAC. The installation and setup of the MT4 allow you to fully configure and ensure the safety of your working layout, which is very useful. In addition, the desktop version is a great feature for experienced and active traders, as it is filled with advanced tools with no strategy restriction.
You can use auto trading, set robots using established MT4 EAs, also display fee reports and adjust all necessary parameters.
The Mobile Trading Platform
Another fantastic and much-needed trading application that allows you to control trading on the go is included in the ROInvesting bid. Free and easy-to-use applications suitable for iPhone and Android devices, also based on the MT4 engine software, are extensive, with a variety of charting styles and forms, analytics tools and news feeds, all available right on your phone.
Considering ROInvesting customer support services, as the broker defines itself as a client-oriented organization, we would conclude that it is sustainable. Despite the fact that support teams are only available Monday to Sunday from 7 to 17 GMT, which is very common among brokers.
There are several ways to get in touch with the center available, including Live Chat, Email, Phone Calls, or send a message through the Online Form, and customer support will reply to you at your earliest convenience.
Therefore, ROInvesting carefully crafted its educational materials and the Learning Center, which is ideal for beginners who are equipped to take the right path in trading, which is crucial. As well as skilled or experienced traders, good quality products will be found to further enhance knowledge.
Numerous materials are available, including Webinars, Courses, Tutorials, Videos, eBooks and many more. As far as the quality of education is concerned, we should recognize its good level. Beginners will appreciate easy access to information and experienced traders will find some quality data.
The Economic Calendar, Expiration and Earnings Calendar are also included as tools for research and analysis. News Feed is part of the trading network along with Trading Signals offered on a free basis operated by the signal center.
In addition, ROInvesting MT4 is packed with essential and effective research tools to identify an automated strategy and follow productive traders if you wish to. All in all, taking your trading capabilities to a more sustainable and flexible manner.
This ROInvesting Review presents a broker with a balanced plan for trading markets, including advanced technology, an allocation for popular trading markets, all available through the popular MetaTrader4.
However, some traders may find it a drawback that all ROInvesting instruments are based on the CFD trading model. The broker helps start-up traders and those who are involved or professionals with better conditions, as long as the trading size increases, with a well-developed analytical and learning center. You will find all the information you need about trading, and become a smarter trader with good quality analytical tools.