Oinvest Review

Review sections

• Investor Protection & Regulations
• Tradable Products
• Account Opening
• Deposit & Withdrawals options
• Web & Desktop Trading Platforms
• Mobile Trading Platforms
• Trading Features
• Commissions & Spreads
• Bonus & Promotions
• Customer Support
• Research
• Trader Education
• Trading Experience
• FAQ
• Conclusion

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Oinvest Video Review

Investor Protection & Regulations

“Oinvest claims to be regulated by the Seychelles Financial Services Authority (SFSA) through their company name Aronex Corporation Ltd, but neither entities are listed as an approved entity on the regulator’s register but they do have a licencing number and certificate.”

Oinvest claims to be regulated by the Seychelles Financial Services Authority (SFSA) through their company name Aronex Corporation Ltd:

Neither of the entities is listed on the Regulated Entities list found on the Seychelles Financial Services Authority’s website. However, the broker does have a licensing number and a licencing certificate, as shown below:

According to the broker’s statement, they provide safety of funds through:

• Keeping client funds separate from company funds.
• Using encryption for all transactions.
• Using advanced SSL software to protect information sent and received.

The broker does not accept clients from the USA, Europe or Africa.

Tradable Products

“Oinvest offers a wide range of tradable asset classes covering 345 CFDs on Forex, Stocks, Indices, Commodities and Cryptocurrencies.”

Oinvest offers clients the ability to trade CFDs on a wide variety of different asset classes including 47 Currencies, 33 Cryptocurrencies, 15 Indices, 17 Commodities, 79 US Stocks, 76 European Stocks and 78 Australian Stocks.

Below is a list of just some of the available markets for trading:

* Details regarding the available assets are taken from the Oinvest website and trading platform and are correct at the time of this review.

Trading costs such as spreads and overnight funding (swap) rates vary depending on the instrument being traded. According to the broker’s website, the spread on EUR/USD can be as low as 2.2 pips on a Silver Account, 1.3 pips on a Gold Account and 0.7 pips on a Platinum Account. A detailed insight into the trading costs with Oinvest can be found further down this review.

Account Opening

“Oinvest offers a simple account opening process with 3 Account Tiers: Silver, Gold and Platinum. The broker offers Account Tiers based on the volume traded and the size of investments. For Islamic Accounts, users need to email customer support. ”

Oinvest offers a simple account opening process. To start the onboarding, users simply need to click the Open Account tab found on the broker’s homepage which will lead to the broker’s onboarding page, as shown below:

Once users input their name, telephone number, email address and password, after clicking continue the next page goes directly to depositing funds into a trading account. However, this can also be done at a later stage by clicking the Not Now button, as shown below:

On the next page, clients are then asked for Proof of Identity and Proof of Residence documents, as shown below:

If documents aren’t readily available, users can click the Not Now option and submit them at a later date. After this screen, users will receive a confirmation that their onboarding was successful and have the option of downloading the MetaTrader 4 trading platform or visiting the Client Area, as shown below:

The Client Area allows users to open trading accounts, access deposits and withdrawals, download the broker’s trading platform, as shown below:

While the broker offers just one trading account, they do advertise different Account Tiers which are based on a users trading volume and size of the investment, as confirmed on the broker’s website below:

Unfortunately, the broker doesn’t list the requirements for each of the Account Tiers and are instead referred to contact the broker’s Customer Support team.

Deposit & Withdrawals options

“Oinvest offers clients the ability to deposit funds via Credit & Debit Cards, PayTrust88 and Rave.”

As confirmed by the Deposits page found in the client Portal Area, the broker offers the ability to deposit funds via Credit and Debit Cards, PayTrust 88 and Rave:

When depositing funds by Credit or Debit Card there is a minimum deposit of 250 USD, a maximum deposit of 10,000 USD with the US dollar as the only currency available for deposits, as confirmed below:

Both deposits and withdrawals are processed within 7 business days and the minimum withdrawal amount is 100 USD. The broker also states that is is within their remit to charge a withdrawal fee of the amount of 50 EUR if there is insignificant activity (defined as just one single position placed on the account) or no activity in the client’s account prior to the withdrawal request, as confirmed below:

Web & Desktop Trading Platforms

“Oinvest offers clients the ability to trade with MetaTrader 4 for PC and the MetaTrader 4 Web Trader platform.”

Clients trading with Oinvest are offered the ability to trade with the MetaTrader 4 for PC trading platform as well as the MetaTrader 4 Web Trader trading platform. Download links can be found in the Platforms section, once logged into the Client Area.

The MetaTrader 4 trading platform for PC provided by Oinvest allows users to:

• View 9 different timeframes.
• View 30 different technical trading indicators.
• Access 3 execution modes including instant execution, market, pending and stop orders.
• Use the one-click trading feature.

Once users have downloaded the MetaTrader 4 platform provided by Oinvest, the server name is linked to the operating company called Aronex Corporation Ltd. This is evident in the example screenshot below of the MetaTrader 4 provided downloaded from the Oinvest Client Area:

The broker also offers a wide variety of MetaTrader Tutorials which are featured more in the Trader Education section further down this review.

Mobile Trading Platforms

“Oinvest offers users the ability to trade from the globally-recognised MetaTrader 4 mobile trading app for Android and iOS operating systems.”

Clients of Oinvest are offered the ability to trade from the globally-recognised MetaTrader 4 mobile trading app for Android and iOS operating systems. These can be downloaded via the broker’s website or through the relevant Apple App Store or Google Play Store.

The MetaTrader 4 mobile trading app offers traders the ability to view quotes, charts, trading history an Economic Calendar and more, as confirmed by the home screen from the trading app:

As in the desktop trading platform, the broker’s server is of the company’s operating name Aronex Corporation Ltd. From the app, users can access charts such as the one below:

Traders can also access the ability to:

• Track prices in real-time through Candlestick, Line and Bar Charts.
• Access the complete set of trading orders such as market, stop and limit orders.
• Trade and view trading activity on the go.

Trading Features

“Oinvest does not provide any additional trading features beyond the MetaTrader 4 trading platform.”

Oinvest does not provide any additional trading features beyond the MetaTrader 4 trading platform. However, users can access certain features within the MetaTrader trading platform such as the Marketplace which allows users to download custom-made trading indicators from other traders and more.

Commissions & Spreads

“Trading costs with Oinvest vary depending on the market being traded and the Account Tier of the user. However, traders may find the broker’s swaps and overnight funding rates are extremely high compared to the industry average.”

Trading costs with Oinvest vary depending on the market being traded and the Account Tier of the user: Silver, Gold or Platinum. For example, the EUR/USD has spreads starting from 2.2 pips on the Silver Account, 1.3 pip on the Gold Account and 0.7 pips on the Platinum Account. More information on the broker’s spreads and swap fees can be found below:

Oinvest Forex Trading

Oinvest provides a detailed description of Forex trading with them by including trading hours, the lowest starting spread and the leverage available, as shown below:

The swap or overnight funding charges can be found in the MetaTrader 4 trading platform. Users simply need to right click on the Symbol they wish to trade on in the Market Watch column and then select Specifications. For example, the EUR/USD swap rates are shown below:

This means holding a 1 lot position size in EURUSD will cost $40.72 for a long position held overnight or $39.62 for a short position held overnight. These are much higher than industry averages.

Oinvest Indices Trading

Oinvest provides a detailed description of Indices trading with them by including trading hours, the lowest starting spread and the leverage available, as shown below:

Oinvest Commodities Trading

Oinvest provides a detailed description of Commodities trading with them by including trading hours, the lowest starting spread and the leverage available, as shown below:

Oinvest Cryptocurrency Trading

Oinvest provides a detailed description of Cryptocurrency trading with them by including trading hours, the lowest starting spread and the leverage available, as shown below:

Oinvest Stocks Trading

Oinvest provides a detailed description of Stocks trading with them by including trading hours, the lowest starting spread and the leverage available, as shown below:

Bonus & Promotions

“Oinvest does not currently offer any bonus or promotional offers.”

Currently, there are no bonus or promotional offers advertised on the Oinvest website.

Customer Support

“Oinvest offers Monday to Friday technical support from 3am to 2pm GMT via Live Chat, Phone, Email and a Web Contact Form. However, the Live Chat agent’s knowledge about account-related matters was below par.”

Oinvest offers Monday to Friday technical support from 3am to 2pm GMT via Live Chat, Phone, Email and a Web Contact Form.

From testing, it was very quick to connect to a live agent. However, their knowledge about account-related matters was below par, as questions were directed to an account manager getting in touch via email, as the screenshot below shows:

• Live Chat (link can be found on the website)
• Address:
  • Suite C, Orion Mall, Victoria, Mahe, Seychelles
• Phone:
  • Customer Service: +44 1224980670
• Email:
  • Docs@oinvest.com
  • Support@oinvest.com
• Social:
  • https://www.facebook.com/Oinvestcom-2307542849513680/
  • https://twitter.com/Oinvest2

Research

“Oinvest only offers research in the form of an Economic Calendar and an Earnings Calendar.”

Oinvest offers limited research tools but does have an Economic Calendar and an Earnings Calendar on its home page, as shown below:

Trader Education

“Oinvest offers an impressive range of trader education materials including Videos on Demand, Ebooks, Tutorial Videos and Trading Courses.”

Oinvest offers an impressive range of trader education materials. Users can access the broker’s Video on Demand section which offers videos on a range of topics suitable for beginner and advanced traders, covering trading strategies as well as the MetaTrader trading platform, as shown below:

Users can also access a wide range of Ebooks such as the broker’s Beginners Strategies Ebook, a Trading Psychology Ebook, a Capital Management Ebook and many more. The broker also offers a range of Trading Courses suitable for beginner and advanced traders, covering a wide range of topics as shown below:

Trading Experience

“Oinvest offers a simple trading offering most suitable for beginner traders. However, all types of traders will enjoy the wide range of asset classes available to trade on as well as the impressive trader education materials available.”

From our observations, Oinvest offers a simple trading offering most suitable for beginner traders who will enjoy the ability to trade on the world’s most popular trading platform, MetaTrader 4 for PC. While the broker does not offer information on how to use MetaTrader 4 for Mac, users can use the Web Trader version.

All types of traders will enjoy the wide range of asset classes available to trade covering Forex, US Stocks, European Stocks, Australian Stocks, Indices, Commodities and Cryptocurrencies. In fact, the range of cryptocurrencies available to trade with is impressive.

The broker offers 3 types of Account Tiers with the best spreads reserved for higher volume and high investment traders. These traders will also receive better swap (overnight) rates which are much higher than the industry average.

FAQ

Is Oinvest regulated?

The broker claims to be regulated by the Seychelles Financial Services Authority via its operating company Aronex Corporation Ltd. However, neither entities are listed on the regulator’s register.

Where is Oinvest based?

Oinvest’s operating company, Aronex Corporation Ltd is based in Suite C, Orion Mall, Victoria, Mahe, Seychelles.

How does Oinvest make money?

Oinvest makes money through spreads, swaps and commissions on certain tradable asset classes.

How do I deposit in Oinvest account?

Funds can be deposited into a trading account via debit or credit card, PayTrust88 or Rave.

What is the min. deposit for Oinvest?

250 USD via debit or credit card.

How do I withdraw money from Oinvest?

Withdrawals can be made from Oinvest via debit or credit card, or from their E-wallet options.

What is the max leverage in Oinvest?

1:400 (for Platinum Account Tier holders).

How do I open an account with Oinvest?

An account can be opened at the click of a button on the Oinvest website and can be done in just a few steps.

Does Oinvest use MetaTrader?

Yes, MetaTrader 4.

Conclusion

“Oinvest offers users the ability to trade on 345 tradable assets covering Forex, Indices, Commodities, Cryptocurrencies, US Stocks, European Stocks and Australian Stocks via the MetaTrader 4 trading platform for PC, Web, Android and iOS operating systems. .”

Oninvest was founded in 2019 and is a brand name of its operating company, Aronex Corporation Ltd. The broker offers users the ability to trade on 345 asset classes covering Forex, Indices, Commodities, Cryptocurrencies, US Stocks, European Stocks and Australian Stocks. The broker offers an impressive range of cryptocurrencies, compared to the industry standard for CFD brokers.

While the company claims to be regulated by the Seychelles Financial Services Authority (SFSA) under Aronex Corporation Ltd, neither entities could be found on the regulator’s register. The broker itself offers a very simple account opening process, as well as the ability to access different Account Tiers (Gold, Silver and Platinum) depending on the volume of trading and the level of investment.

Users can trade from the MetaTrader 4 trading platform for PC, Web, Android and iOS operating systems. The platform functionality is reviewed further in the video review. Both beginner and advanced traders will enjoy the impressive trader education materials available which cover a wide range of topics through Videos on Demand, Ebooks and Trading Courses.

• 345 tradable assets across Forex, Stocks, Indices, Commodities and Cryptocurrencies.
• Ability to trade on MetaTrader 4 for PC, Web, Android and iOS operating systems.
• Impressive trader education materials covering a wide range of topics.
• High volume and high investment traders rewarded with better spreads and swaps.