ROinvesting Review 2020
ROinvesting is a regulated online CFD and Forex trading broker that offers over 350 assets for trading online via the ever-popular MetaTrader 4 (MT4) platforms for desktop, web and mobile devices. The broker also provides a range of educational resources and trading tools to assist traders with their daily trading activities.
ROinvesting Review 2020, Pros & Cons
- Regulated trading broker
- 350+ trading instruments
- Access to trade on the popular MT4 platform
- Multiple trader educational resources are available
- Variety of trading tools
- Range of account funding options
- Does not accept non-EU clients
- Minimum $250 deposit
- Inactivity fees
- Expiring demo accounts
In this detailed ROinvesting review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
ROinvesting is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including ROinvesting.
ROinvesting Review: Summary
ROinvesting is a forex and CFD brokerage brand that operates from Nicosia in Cyprus. Founded in 2017, the broker is fast growing into a global brand. ROinvesting offers more than 350 instruments across multiple asset classes for trading on the MT4 platform. The brokers website is available in 8 languages.
ROinvesting states clearly that it sources its pricing from independent liquidity providers. The broker also states that it reserves the right to alter the spread in order to reflect the market volatility. All client orders are executed at the best available prices.
The trading servers are located in SAS 70 certified data centres. Only modern technologies and systems are utilized. This helps to ensure safety, ultra fast executions and tight spreads. The MT4 platform complements these technologies with its speed, tools and features ensuring a satisfactory customer experience.
ROinvesting Review: Regulation
ROinvesting is owned and operated by “Royal Forex Ltd”; a Cypriot investment firm with the registration number HE 336694. It is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC). The license number is 269/15.
In strict compliance with the rules postulated by CySEC, all clients’ funds sbould be kept in segregated accounts which are banked with the top-rated European banks. ROinvesting should not use these funds for its daily operations no matter its financial situation.
ROinvesting asserts that it uses state-of-the-art infrastructure with the latest hardware and software so as to ensure speed, security and efficiency. All clients’ data are protected with the Secured Socket Layer (SSL) technology and firewalls so as to ward off cyber criminals. All transactions are encrypted, so, clients are adequately provided a safe digital environment.
The broker’s AML and KYC policy document is available on the website. ROinvesting is committed to preventing money laundering activities and terrorism financing. So, it has resolved to verify all clients, monitor all activities and classify clients as High risk, normal risk or low risk. Some high risk clients are politically exposed persons, trust accounts, customers from some countries, etc. All clients are required to provide a ‘proof of identity’ and a ‘proof of address’.
ROinvesting Review: Countries
ROinvesting does not provide its services to all non-EU countries such as Japan, Canada, Hong Kong, USA as well as certain EU Member States. In all, ROinvesting does not accept clients from over 150 countries.
Some ROinvesting broker features and products mentioned within this ROinvesting review may not be available to traders from specific countries due to legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
ROinvesting Review: Trading Platforms
The MetaTrader 4 (MT4) platform is a powerful trading platform used by millions of forex and CFD traders from all over the world. It is simple and user friendly for beginner traders yet complex enough for experienced professionals. The MT4 platform is versatile as it is available on the web, desktop and mobile devices. The MT4 WebTrader is built on HTML5 and can be accessed from the ROinvesting website. It runs directly in most modern web browsers without any downloads and installations required. The main MT4 platform is available as a downloadable Windows desktop application. On mobile devices, the MT4 platform is available for iOS and Android devices.
Here are some of the main features of the MT4 platform:
- Fully customizable user interface, layouts, colours, windows and charts.
- Streams the live ‘bid’ and ‘ask’ prices of all the trading instruments in real time.
- Displays the charts of all the instruments in real time.
- 3 chart styles can be displayed over 9 timeframes from 1 minute to 1 month.
- Up to 30 technical indicators and 24 analytical tools are available for analysis.
- Platform features and indicators can be extended via plugin apps.
- Auto trading is available through the use of Expert Advisors (EAs); software robots that automate forex and CFD trading.
- Price alert notifications sent via email, SMS and platform pop-ups
MetaTrader Mobile App
This is the mobile trading app version of the MetaTrader platform for forex and CFD trading. It is designed for trading on the go and for monitoring the market prices. The app integrates with the clients’ area of the website and can be used to create and manage accounts. The mobile app is available for iOS and Android devices and can be downloaded from the respective app stores free of charge.
Here are the features of the app:
- You can easily switch between demo and real account with just one tap.
- Fund account from the app using multiple payment options.
- 3 chart styles displayable over 9 timeframes from 1 minute to 1 month.
- Instruments’ tab displays all the tradable assets’ buy and sell prices in real time.
- Orders can be placed using market or pending orders.
- Account balances and open trades can be viewed in real time.
ROinvesting Review: Trading Tools
This tool is found on the brokers website and it features dates and times scheduled for important events that usually have impacts on the markets. Clicking on an event brings up its detailed analysis, chart, forecasts and instruments affected. This tool is used in fundamental analysis to determine the market reactions around the period before and after a particular event takes place.
ROinvesting Review: Education
The ROinvesting website has an education section comprising of several resources for training clients to become informed traders.
The video on demand (VOD) section has around 15 video lessons for beginners and advanced traders. It also has 3 videos on forex terms; pips, short & long and take profit order. Also, there are 4 videos on how to use the MetaTrader platform to place different types of orders.
11 eBooks on trading basics, advanced technical analysis, trading psychology, etc are accessible on the website. The eBooks can only be read on the website. They are short and full of diagrams and illustrations. Also, there is an eBook on forex terms and a glossary eBook.
There are over 62 articles covering a lot of tips, strategies, dos and don’ts of forex and CFD trading. There are articles on Bitcoin, Hedge funds, day trading, Stock indices, asset management, fundamental analysis and technical analysis. These articles are aimed at helping readers better traders.
There are video courses on forex introduction, CFDs, social trading, trading tools and strategies. There are 11 video tutorials on how to use the MT4 mobile app and desktop platform.
ROinvesting Review: Trading Instruments
The following instruments are available for trading:
- 50+ forex currency pairs
- 16+ indices
- Over 70 stock CFDs, over 75 European stocks and over 35 Australian stocks
- 17+ commodities
- 33+ cryptocurrencies
ROinvesting Review: Trading Accounts & Fees
ROinvesting offers 3 account tiers which vary by spreads, leverage and other services. The minimum deposit is $250. Each account tier is available for retail and professional clients. The minimum deposit for Professional accounts is $5,000. The account tiers are available to clients depending on the deposit amount which is not stated.
Here are the trading account tiers:
For retail clients, the EURUSD spread is 2.4 pips while the maximum spread is 1:30 in compliance to ESMA rules. No discounts for swaps on this account and no access to videos and webinars. For Professional accounts, the spread is 2.1 pips while the leverage is 1:200.
1.4 pips is the retail clients EURUSD spread while the maximum leverage remains 1:30. Swap discounts, dedicated account managers and access to webinars and videos are some of the benefits of this account. For professional accounts, the EURUSD spread is 1.2 pips while the maximum leverage is 1:400.
The EURUSD spread is 0.7 pips for retail clients while the maximum leverage is 1:30. Every service is available to account holders. For Professional clients, the benchmark EURUSD spread is 0.6 pips while the maximum leverage is 1:500.
Those who qualify as professional clients can apply for a professional account which gives increased leverage of up to 1:500 for certain instruments and a reduction on current margin rates, allowing you to trade with more leverage, as opposed to the limitations imposed by ESMA on retail clients.
To qualify as a professional client requires meeting 2 out of the 3 following guidelines, 1) Have a portfolio of greater than $500k (not including property or cash) 2) Have a verified history of placing significant sized positions (down to broker discretion) 3) Have worked in the capacity of a professional position related to derivatives / speculation / trading. Match any two of these requirements to qualify as a professional client.
It is important to note that some investor protection is removed should you qualify for a professional account as you are then classified as professional trader under ESMA regulation.
Demo accounts are freely available and enable users to try out the trading platform and brokers services with virtual funds. However, the demo accounts are limited to only 14 days.
Islamic accounts are available on all account tiers. It is designed for Muslim clients or other clients who do not want to incur swap fees when they maintain open positions overnight.
Inactivity fee are charged monthly from accounts that have remained dormant as follows:
- €160 is charged after 61 days being charges for two months.
- €120 is charged monthly after 91 days.
- €200 is charged monthly after 181 days.
- €500 is charged monthly after 301 days.
As broker fees can vary and change, there may be additional fees that are not listed in this ROinvesting review. It is imperative to ensure that you check and understand all of the latest information before you open a ROinvesting broker account for online trading.
ROinvesting Review: Customer Service
The ROinvesting customer support desk is open from 8am to 6pm, Mondays through Fridays. They can be reached on instant web chat, email, telephone or by filling the ‘Get in touch’ form which is available on the website.
ROinvesting Review: Deposit & Withdrawal
ROinvesting accepts multiple payment options. The payments must come from the client’s bank account, card or online payment processor.
Here are the accepted payment options:
- Debit/Credit Cards: The minimum deposit is £190 while the maximum is £10,000. Card payments are processed instantly and no commissions are charged. Only Visa and MasterCard are accepted.
- Online Payments: The accepted options are Skrill, Klarna, Rapid Transfer, Neteller, PayByBankApp, MuchBetter Trustly and InPay. The transactions are processed instantly or at most within a few hours. Withdrawal charges apply.
All withdrawals submitted before 11am (GMT +2) are processed on the same day. After that time, the withdrawal requests are processed the next day. ROinvesting charges a withdrawal fee of €50 from accounts that have only traded once or less before requesting a withdrawal. The minimum withdrawal is €100, where a client wishes to withdraw a lesser amount, charges will apply. There may be additional fees charged by third party payment providers.
ROinvesting Review: Account Opening
To create a live trading account, you can visit the brokers website and click on ‘open account’ which is found at the top right hand side of every webpage. The ‘Create account’ form opens.
Enter your name, email, choose a password and click ‘continue’. On the next screen, enter your date of birth and address. Next is financial background info including educational level, employment status, estimated net worth and source of funds. The next is your trading experience and some questions about trading knowledge such as leverage and financial reporting. Next is uploading of documents, making a deposit and then, trading can commence. You can also login to the clients’ area to create new accounts, deposit, withdraw and manage accounts.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them.
ROinvesting Review: Conclusion
ROinvesting is an online trading broker that is regulated by the stringent CySEC and has declared its compliance with all the regulatory provisions. Clients’ funds are secured via multiple security measures implemented by the company.
The education centre is impressive with various eBooks, articles and videos. Multiple payment options are available with special emphasis on electronic payments. Over 350+ assets are tradable on the provided MT4 platform available as WebTrader, desktop and mobile app.
However, the broker charges inactivity fees and has a minimum $250 deposit requirement. They could also benefit from social trading platform integration and offering financial research experts such as Trading Central to provide clients with comprehensive market analysis.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 87% of the brokers retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Leverage can work both to your advantage and disadvantage. You should not risk more than you are prepared to lose. Past performance is not a reliable indicator of future results. Indiscriminate reliance on informational or historical materials may lead to losses. The Company strives to provide you with all the necessary information and protective measures, but if the risks seem still unclear to you, please seek independent advice.