Another scammer on the market: review and feedback on the CFD broker ROinvesting.
ROinvesting is a licensed CFD broker that claims to use advanced technologies to operate in financial markets. It states that it strictly complies with international legislation and national standards in data security, investments, and financial operations. However, recently, there have been numerous negative reviews surrounding it. The website roinvesting.com accuses it not only of failing to meet obligations but also of fraud. To examine the details and analyze information about the broker, let’s conduct a detailed review.
Broker’s Main Information Overview
ROinvesting is a trading brand of Royal Forex Ltd., registered in Cyprus in 2015. The company is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), as confirmed on the regulator’s website.
A domain information tracking service showed that the roinvesting.com domain was registered in July 2018, not in 2015 as claimed by the company. Such discrepancies in timelines often indicate a broker rebranding due to negative reviews and fraud allegations under the previous brand.
In addition to roinvesting.com, Royal Forex Ltd. also owns the domains gmotrading.com and royalforex.com, which also have numerous negative reviews and accusations.
Features of the roinvesting.com Website
The broker’s website is standard and does not stand out with original design. It is available in 9 languages, including Russian. The site’s content is not unique; it simply inserts the broker’s name and some conditions. Additionally, a font different from the standard one is used.
On the homepage, the broker notifies that 86% of its retail clients lose capital when using CFDs, which is a low profitability indicator. The site presents various types of trading accounts with different conditions for investing in currencies, stocks, and cryptocurrencies.
Trading Conditions
ROinvesting offers clients several types of trading accounts with different investment sizes, spreads, and leverage. All accounts include hedging, and quote accuracy is up to the fifth decimal place. However, the information on trading conditions on the broker’s website is not presented in sufficient detail.
For clients following Islamic principles, swap-free accounts are available. ROinvesting provides the MetaTrader 4 trading platform for operating in financial markets.
Registration and Verification Process
To open an account on roinvesting.com, personal data, including address and date of birth, are required. Users will then be asked to fill out a questionnaire about their financial situation. To complete the registration, an identification code must be entered, and scanned copies of identity documents must be provided.
Account funding on roinvesting.com is only available in euros, and withdrawals are subject to commissions and margin requirements.
Profit Withdrawal Policy
To withdraw funds, clients must adhere to margin and margin level conditions and use the same method that was used for depositing. ROinvesting claims that all transfer commissions are paid by the client, but some are refunded to the account. Additional commissions may be charged for low trader activity.
Client Reviews
Reviews about ROinvesting are rare. Despite the company’s claims of long existence, there is insufficient information about trading conditions and service quality for traders. Some clients complain about insufficient information on commissions and changes in collaboration terms.
Conclusion
ROinvesting does not currently raise serious concerns; however, negative reviews and lack of complete information on working conditions raise questions about the broker’s transparency and reliability. It is recommended to carefully study all conditions and reviews before deciding on collaboration.
Author: Sasha Chaika
My experience with the CFD broker ROinvesting has been nothing short of disastrous. The company is essentially a scammer in the market, disguising itself as a legitimate broker. The transparency that I expect from a brokerage was completely absent. Despite my careful trades, I began to notice numerous, unexplainable losses. The fees were inflated, hidden costs were rampant, and there was no real customer support to address my concerns. They were either unresponsive or dismissive of my inquiries, indicative of a complete lack of professionalism. The withdrawal process is a nightmare – substantial fees are charged and it takes an eternity for the money to reflect in your account. The negative aspects far outweigh any potential benefits. I urge others to think twice before engaging with ROinvesting.
ROinvesting is a CFD broker with a solid platform but there have been some concerns raised about their credibility in the market.