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ROInvesting Review & Opinions: Is it Reliable and Safe in 2021?

3.7 / 5

ROInvesting operates as a regulated broker. CySec, which is the financial regulator of Cyprus, regulates the broker. Traders using the platform have access to over 350 tradable assets. They also enjoy robust safety features, an intuitive platform, and access to the MT4 trading platform.

General Information

ROInvesting was launched in 2017 as the trading name of Royal Forex Ltd Cyprus Investment Firm (CIF), which is a company based in Cyprus. Today, the broker is also an official partner of AC Milan, a leading European soccer club.

Since its launch, ROInvesting has received numerous awards. In 2020, the broker was named the Best CFD Broker Europe 2020 by BrokerCheck.es. Additionally, the broker received the award of Best Forex Broker CFDs 2020 from FXDailyinfo.com.

Traders using this broker have access to instruments from various markets such as metals, forex, shares, ETFs, commodities, and cryptocurrencies. The broker does not charge any commission on traders. Additionally, traders get to enjoy tight spreads. Traders will get access to 33 crypto CFD pairs, which is many times more than what the competition has to offer.

Traders using ROInvesting are assured of the security of their funds, thanks to its regulation. The Cyprus Securities and Exchange Commission (CySEC), which is a reputable regulator, regulates the platform. Traders using ROInvesting enjoy the protection of the Investor Compensation Fund (ICF) as long as they are in the ‘covered client’ category. The protection affords traders compensation of up to 20,000 EUR or 90 of lost funds, which is lower if the platform faces insolvency. Traders also enjoy heightened protection of their funds since the broker complies with MiFID II requirements. All trader funds are stored in segregated accounts in a secure bank, which helps to ensure funds are safe.

Advantages and Disadvantages

Reputable Regulator: CySEC, which is a reputable regulator, regulates ROInvesting.

Commission-Free Trading: traders using the platform get to enjoy commission-free trading across all asset classes.

Huge Asset Offering: traders using ROInvesting have access to over 3350 assets for trading purposes.

Lack of MT5 platform: ROInvesting does not offer access to the MT5 platform.

Trading Conditions

Trading conditions on ROInvesting depend on the account type. For FX pairs the minimum spread is set at 0.7 pips, while for commodities CFDs, it can go as low as 0.0007. On European stocks, the big-ask difference can go as low as 0.021. Margins depend on the asset class. The maximum leverage offered by the broker is 1:500 on major FX pairs and 1:125 on indices and commodities. For share CFDs, the leverage is set at 1:50.

Underlying Assets

Traders using ROInvesting get access to a broad offering. There are over 350 assets available for trading across various categories. No matter how precise one is, they will find assets that fit into their trading file. The wide array of assets offered is also great for investment diversification. Asset offered on ROInvesting covers CFDs on currencies, commodities, crypto, ETFs, indices, and stocks.

Trading Platform

Traders using ROInvesting will have access to a Web Platform as one of the options. All that is required is a stable internet connection and access to a modern browser. It allows for smooth trading and comes packed with features that allow users to perform charting, basic analysis, and viewing of trading performance. It is based on the MT4 platform and allows for intuitive navigation, which is especially great for newbies.

For those looking for more advanced features, the broker offered an MT4 desktop application, which is downloaded and installed on the computer. The desktop version allows traders to customize their trading experience. It is a great option for active and professional traders in search of advanced tools that do not limit their trading strategy. With the desktop MT4 application, users can set robots and EAS. Additionally, they will have access to free reports, which they can use to adjust their trading parameters.

Mobile Trading

For those who love trading on the go, the mobile application is another great addition. ROInvesting offers traders access to a mobile app for iOS and Android devices. The app is based on the MT4 engine and is quite feature-filled. It offers traders numerous charting options, access to analysis tools, news feeds, and much more directly via the mobile device.

Demo Account

Traders using ROInvesting have access to a demo account. To access the account, traders need to sign up on the main website. After that, they can use the demo account to familiarize themselves with the broker. The demo account is accessible once a user downloads the MT4 desktop app. It comes with $100,000 in virtual funds and will last for 14 days.

Account Types

Traders using ROInvesting have access to three account types. These are Silver, Gold, and Premium. The accounts are designed for retail and professional users of the platform. For the professional traders, the maximum leverage is set at 1:500. Hedging is allowed for all account types with the minimum deposit amount set at $250 for all of them.

Gold account users enjoy a swap discount of 25% while Platinum account users get access to a 50% swap discount. The Gold account also gives traders access to a dedicated manager, access to videos and webinars, as well as up to 10 hours of support daily. For the Platinum account, users get access to all the features of the Gold account plus free VPS and news alerts.

Opening an Account

Opening an account is relatively easy. Simply visit the ROInvesting platform and click on ‘Open Account.’ After that, users will be requested to provide personal details including their name, address, employment details, tax status, and the source of their funds. Additionally, traders will need to provide information on their trading experience by answering several questions, which test their trading knowledge.

If successful, they will be approved and redirected to the Client Portal page. The portal allows traders to pick their account type as well as deposit and withdraw funds. Traders will need to provide proof of identity and proof of address before they can begin trading.

Funds Withdrawal

ROInvesting offers traders access to numerous deposit and withdrawal options. They include bank wire transfers, PayPal, debit and credit cards, and various eWallets such as Trustly, Neteller, Skrill, SafeCharge, INPAY, and many others. The platform does not charge a deposit fee. However, a fee may apply depending on the deposit method used. For retail traders, the minimum deposit amount is set at $250.

To make a withdrawal, traders may contact customer support or fill out a withdrawal form via the client portal.

Trader Training

On ROInvesting, traders have access to numerous learning courses that cover multiple topics such as social trading, beginner courses, the markets, trading tools, stocks, and CFDs. For those that wish to learn at their own speed, the broker provides an Article Portal that is meticulously organized. It features beginner-friendly articles that cover a wide array of topics. Some of the topics covered include how to purchase stocks, the basics of CFD trading, and detailed explanations on indices.

The broker also provides a Video on Demand section where beginners and advanced traders can access numerous videos to help them hone their skills. There are also platform tutorials provided in the Tutorials section. ROInvesting provides traders with 10 downloadable eBooks, which they can read in their own time.

Another important learning tool is webinars. These webinars cover a wide array of topics such as technical analysis, various trading strategies, and trading indices. The webinars also educate traders of specific markets such as how to use gold as a safe haven.

Should I Trade with ROInvesting?

ROInvesting is a reliable and regulated broker with a CySEC license. It is a great platform for both experienced and beginner traders. The platform offers traders access to the time-tested MT4 platform with a full suite of features, tight spreads, and three account options. It is a legitimate and secure platform that anyone who wishes to start his or her trading career should consider joining.

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ROInvesting Review & Opinions: Is it Reliable and Safe in 2021?

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