Search
Close this search box.
Search
Close this search box.

Oinvest Review

Oinvest review
Oinvest review

Oinvest Review

71% of retail investor accounts lose money, …

Oinvest review

Oinvest

4.4
Rated 4.4 out of 5

Overview

Oinvest is making waves in the CFD trading business. Although being just two years old (founded in 2018), it has swiftly established a reputation for a secure MT4-based trading environment and a wide range of in-demand assets.

Clients in South Africa love Oinvest not just for its foreign exchange pairings, cryptocurrencies, stocks, and commodities trading, but also for its partnership with the Financial Services Authority (FSA) Seychelles, the broker’s regulatory agency.

With many ways to properly deposit and deploy funds across global markets, a large library of educational resources and references is required, which Oinvest effortlessly provides.

Is Oinvest a Legit Broker? Check Regulations

Oinvest is a South African broker that was established in 2018. The company’s head office is in Cape Town, and it is owned by the parent company, Balfour 3773 (proprietary) limited. It allows users to trade from wherever they want, including on the fly.

Many of these brokers operate in the market, combining value with selection and high-quality tools to provide their customers with the greatest possible trading experience. However, brokers can differ in terms of the number of currency pairings they offer, leverage, and the regulatory authority they are governed by.

Oinvest is one of the few reputable brokers that offer CFD trading online and other trading instruments like Forex, commodities, indices, and cryptocurrencies. They also place a high priority on user security when conducting online trading transactions. Overall, they promise their users a complete trading solution that handles all parts of trading.

As a result, it is crucial to assess the quality of an online brokerage before employing its services. In addition, because of the rise in fake websites posing as online brokerages, it’s become even more important to double-check each brokerage’s credibility.

Our recommendation: Trading at Oinvest Review

  • 30 indicators for trading 
  • Broad technical analysis 
  • Easy execution orders 
  • 3 platforms,that is, mobile app, MT4 and WebTrader available
  • Get leverage up to 1:400
Oinvest review

Advantages and disadvantages of Oinvest Review

  • It is a reliable and FSA regulated broker 
  • Varieties of market access for all three types of account holders
  • Zero commission on trading.
  • Customer Support and Services are good 
  • MT4 is available on all three, Mobile, desktop, and web
  • Provide Demo Account
  • News alerts are free.
  • VPS for Platinum account type is Free.
  • Provide Dedicated Accounts Manager
  • First-Class Education facility
  • Lacks Complex analysis and research
  • Served in a limited number of Countries
  • The minimum withdrawal limit should b $100

Trading Accounts

On its website, Oinvest provides three account tiers but does not explain how to get to each of them; presumably, the number of deposits will unlock a higher level:

  • The EUR/USD spread starts at 2.2 pips in the Silver account but drops to 1.3 pips and 0.7 pips in the Gold and Platinum tiers, respectively.
  • In the Silver account, forex traders have a maximum leverage of 1:200, while equity traders have a leverage of 1:20. The Forex and stocks trade ratios in the Gold and Platinum accounts have risen to 1:400 and 1:40 and 1:400 and 1:50, respectively.
  • Trading signals are available to Gold and Platinum account holders; however, news alerts are only available to Platinum account holders.
  • Education is not provided for Silver accounts, which are expected to be managed by most novice retail traders who have the greatest need for education.

All three account types are elaborated below in a table:

Features Siver Account Gold Account Platinum Account
Account Currencies options ZAR, USD ZAR, USD ZAR, USD
Leverages Up to 200:1 400:1 400:1
Minimum Depoite limit $250 $500 $500
Spreads Start from 2.2 pips Start from 1.3 pips Start from 0.7 pips
Commission 0 0 0
Decimal Pricing Upto 5 Decimals Upto 5 Decimals Upto 5 Decimals
Swaps/Rollovers Yes Yes Yes
Min. Lot Size (Per Trade) 0.01 0.01 0.01
Max. Lot Size (Per Trade) 50 50 50
Demo Account Yes Yes Yes
Free Swaps and Rollovers Yes Yes Yes
Copy Trading No No No

Trading Account Opening 

It’s easy to open a trading account. There are only six steps to take. To gain access to the trading platform, you can skip some of the procedures at first, but you must complete all of them to trade. This usually takes no more than two business days.

To open an account at Oinvest, follow these six steps:

Step 1: On the upper right corner of the website, click the ‘Open Account’ option.

Step 2: Fill in your name and surname, as well as your cell phone number, email address, and password. You agree to the terms and conditions, risk disclosure, and privacy PO by checking the policy and then clicking the ‘Continue’ button.

Step 3: You can either deposit funds now or wait and do so later by clicking the ‘Not Now’ button.

Step 4: Submit your verification papers, or select ‘Not Now’ to postpone the process.

Step 5: Use the codes and URLs supplied to each to confirm your cell phone number and email address.

Step 6: Start trading after you’ve funded your account.

Our recommendation: Trading at Oinvest Review

  • 30 indicators for trading 
  • Broad technical analysis 
  • Easy execution orders 
  • 3 platforms,that is, mobile app, MT4 and WebTrader available
  • Get leverage up to 1:400
Oinvest review

Trading Instruments 

One of Oinvest’s well-known capabilities as a broker is asset coverage. Because of the large selection of assets available, all traders will be able to trade the items they choose.

Contracts for Difference, or CFDs, are the instruments of choice in this case. CFDs have become the favored form of trading in many markets because they provide traders with various advantages. Oinvest offers five asset classes and over 350 different CFDs to trade. More further information is given below:

Forex: Over 45 distinct currency pairs, ranging from majors such as the EUR/USD and USD/JPY to minors such as the EUR/GBP.

Cryptocurrencies: Currencies are the newest asset class, and their popularity as a trading tool has skyrocketed. Of course, it has 33 crypto-crosses to choose from.

Indices: There are 15 main worldwide indexes available at Oinvest, many of them having extended trading hours.

Commodities: Broker offers a wide range of commodities in addition to crude oil and gold. Commodity CFDs are available in 17 different markets, including copper, soybeans, sugar, and coffee.

Stocks: Traders can profit from CFDs on 194 different worldwide stocks, with leverage as high as 1:50.

Commission and Fees

Many traders will be relieved to learn that Oinvest does not charge commissions instead of relying on spreads to generate revenue. There is no commission for deposits or withdrawals; however, there is a hefty inactivity fee that traders may not be aware of. Overall, this broker’s pricing structure is simple and transparent.

  • The spreads will vary depending on the type of account and the instrument being traded.
  • Those interested in trading commodities will also benefit from the spread reduction.
  • Spreads for stocks start at 0.21 pips, while index spreads for the FTSE and DAX start at 1 pip.
  • Low spread brokers also charge commissions on their deals.
  • There are no commissions to pay on any of the trading account types or assets.
  • Although B does not publish swap rates on its website, they are readily available within the trading platform.
  • Because swap rates fluctuate so quickly in response to interest rate fluctuations, it’s logical that the broker chose not to publish them on their website.
  • Oinvest does not levy any fees for deposits or withdrawals.
  • The broker does charge a fee for “insignificant trading activity,” which is an unusual expense. If there has been no activity or simply one trade in the account, there is a €50 withdrawal fee.
  • Inactivity fees are also a factor to consider, which isn’t uncommon for a CFD broker.
  • For an account with no balance, there are no inactivity fees. These accounts are deactivated by default.

Leverages

Traders who utilize leverage can borrow money from their broker and use it to establish a greater position in an asset. Leverage is very frequent in forex trading, but it has also become very popular in CFD trading as the business has grown in popularity. Leverage has the advantage of magnifying a trader’s profits on a winning position. Traders at Oinvest can make use of leverage on the following CFD products:

Forex: 1:500

Cryptocurrencies: 1:2

Indices: 1:125

Commodities: 1:125

Stocks: 1:50

Deposits and Withdrawals

Oinvest offers a variety of deposit and withdrawal options, so everyone should be able to find something that suits their needs. However, it’s worth noting that Oinvest requires a minimum initial deposit of $250.

Following that, no matter which method you use, the minimum deposit and withdrawal amounts are $100. The deposit and withdrawal methods and deposit time frames are listed below. Please keep in mind that all withdrawals take seven business days to process.

  • Debit Cards
  • Credit Card
  • Ban Wire Transfer
  • MasterCard
  • Visa
  • Neteller
  • Skrill
  • PayTrust88
  • Rave by Flutterwave

Trading Platforms

Clients can pick between the WebTrader, desktop version, and mobile version of Oinvest’s trading platform, which is the award-winning MetaTrader 4. The versions are synced, so no matter which instance you’re using, you’ll see the same information. Place a trade on your PC and then close it from your mobile device.

MetaTrader4 (WebTrader)

Oinvest uses MetaTrader4’s WebTrader platform, which gives their clients access to one of the best charting tools right in their browser. There’s no need to install anything; you can use it from any web-enabled device with a browser.

The WebTrader includes sophisticated charting and analysis, a variety of complex market orders, and the ability to handle open trades, just like the desktop version of MT4. In addition, almost everything on the platform can be customized, allowing traders to tailor it to their own trading style and preferences.

Trading Cubes are a handy feature of the WebTrader that allows you to see all of the information on a certain asset at once. This, together with the one-click trading option, saves a lot of time when making deals.

MetaTrader 4 (Desktop)

When it comes to technical analysis, forex trading, and CFDs, the MetaTrader 4 desktop platform is the industry standard. Anyone who has traded Forex or CFDs before is undoubtedly familiar with MT4 and its features.

Those who are unfamiliar with MT4 have most likely only recently begun trading. You can begin by knowing that this trading platform has one of the best reputations in the forex and CFD market due to its ability to effortlessly manage open positions, monitor price movements, and chart practically any asset.

MetaTrader 4 includes thirty different indicators as well as the flexibility to change between nine different price frames. It also includes a trailing stop feature that allows you to use two market orders, four pending orders, and two stop orders. In addition, trades can be opened directly from the chart, or you can use one-click trading.

Company Details

Assets

  • Cryptocurrencies
  • Commodities
  • Indices
  • Stocks
  • Forex 40+

Basics

  • Country: Seychelles
  • Registration number: 396742
  • Regulation: FSA

Customer Service

Our recommendation: Trading at Oinvest Review

  • 30 indicators for trading 
  • Broad technical analysis 
  • Easy execution orders 
  • 3 platforms,that is, mobile app, MT4 and WebTrader available
  • Get leverage up to 1:400
Oinvest review

Mobile App

On its website, Oinvest refers to its mobile trading app as the “Oinvest Application” and “Oinvest Trading App,” but it doesn’t change the fact that it’s the MetaTrader 4 mobile version. That’s a good thing because it assures that the mobile app and the PC and WebTrader versions are all compatible.

Like the other MT4 versions, the mobile app connects quickly to your account and syncs with the other platform versions. The mobile version includes many of the same features that make the desktop and mobile versions so popular among traders. Customize your charts to your liking and make the most of the 30 indicators and nine timeframes at your disposal.

Education and Research

Too many new brokers underestimate the need to provide instructional resources and training to their traders, but not Oinvest. You’ll find a fully loaded instructional center, and traders will have access to the research provided within the MT4 platform, even if they don’t give any original research.

Research Tools: The majority of Oinvest’s research tools may be accessed within the trading platform.

Training: All levels of traders and a wide range of concepts are covered by brokers. Here, beginners may lay a firm foundation.

Tutorials: The platform teaching films are designed to help traders become more familiar with MetaTrader, and they do a fantastic job.

PDFs and eBooks: This section of the educational portal will keep you occupied for a while because it offers 11 distinct e-books to download and read.

Live Webinars: Oinvest holds webinars about once a week, and you can attend if you have a gold or platinum account.

Customer Support

Online customer reviews have given Oinvest’s customer care service great marks, indicating that they are doing an excellent job. They can be contacted through live chat, phone, email, or web-based forms. They can also be sought help through their social media accounts; however, we were unable to confirm how responsive they are on those platforms.

They are incredibly responsive when contacting them via online chat, and you should be connected within a minute. The customer service team’s disadvantage is that they are not available 24 hours a day, let alone 24 hours a day. Instead, you can reach them Monday through Friday from 6:00 a.m. to 3:00 p.m. GMT.

Email: [email protected]

Phone: +44 2035196460

Conclusion

From the regulation to the diverse asset offers to the extensive educational site, there are numerous reasons to endorse Oinvest. Customer service is nice, but we’d like more hours of coverage. The spreads are good. MetaTrader 4 is one of the greatest trading platforms available, and banking is simple and quick.

Overall, we cannot see any reason not to recommend this broker, and we believe that new traders would be quite happy here, given the great education and support available. You don’t have to take our word for it; you can easily open a sample account with the broker to test out their platform and services for yourself.

Yes, Traders can trust Oinvest because it is licensed by the Financial Services Authority (FSA).

Although available leverage can reach 400:1, it varies by instrument and trader.

It indicates that you won’t be allowed to make a profit withdrawal of less than $100, even if your overall account worth is higher.

Traders use CFDs, which have the same value as underlying cryptocurrencies and offer the same speculative possibility but are not the actual coins.

Oinvest accepts a variety of payment options, including credit and debit cards, bank wire transfers, and electronic wallets.

Experiences
10

Recommended Brokers

Trade EU Global

Min Deposit

Min Spread

$250

0.01

FX Road

Min Deposit

Min Spread

$250

0.6 pip

TradeEu

Min Deposit

Min Spread

$250

0.7 pip

Equiity.com

Min Deposit

Min Spread

$250

1.4

EasyMarkets

Min Deposit

Min Spread

$25

0.01 pips