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Oinvest Review – is oinvests.co.za scam or good forex broker?
RECOMMENDED FOREX BROKERS
Trading Accounts and Conditions
| Trading account | Minimum deposit | Maximum leverage | Spread |
| Standard | Not specified | 1:500 | 0.7 pips |
Oinvest is a South African forex and CFD broker that appears to offer a single account type with tight variable spreads, no commission fees and high leverage levels on the MT4 platform.
In addition, the broker provides a number of educational sources for beginner traders, such as e-books, training courses, webinars, tutorials, etc.
Oinvest Advantages
Licensed in South Africa
One of the strongest benefits of Oinvest is the fact that the company behind it, BASFOUR 3773 (PROPRIETARY) LIMITED, is regulated by the South African Financial Sector Conduct Authority (FSCA), the successor of the Financial Services Board (FSB). The FSCA is in charge of the licensing process and oversees financial service providers, which are required to keep all client funds in segregated trust accounts in a recognized bank in South Africa. The regulator also keeps a public register of Authorized Financial Service Providers, so that investors can look up whether a certain broker is FSCA-licensed.
Although regulation in South Africa is not among the strictest and most reputable ones (such as the one in US or Australia, for example), it provides a certain level of reliability.
Trading on MetaTrader 4
Another positive side of Oinvest is that trading is done on the widely used MetaTrader 4 (MT4), which most traders know well and like using. The reason for this is that the MT4 has an intuitive interface, solid charting, great analysis tools, and supports wide range of automated strategies, better known as Expert Advisors.
The trading costs at Oinvest also appear attractively low. The broker does not charge commission fees and the spread on EUR/USD is as low as 0.7 pips.
A wide variety of assets
Another advantage of this broker is the variety of trading instruments it offers for trade. Its product portfolio includes around 50 currency pairs (FX), as well as CFDs on stocks, commodities, indices, and cryptocurrencies. The list of the latter comprises popular coins such as Bitcoin, Ether, Ripple Dash, Bitcoin Cash, Bitcoin Gold, Monero and Litecoin.
If you are into cryptocurrencies, check out our list of reliable forex brokers that offer trading in Bitcoin.
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High leverage levels
As most brokers who are not restricted by the laws applicable in the country of their operation, Oinvest provides high leverage levels, reaching 1:500. While such leverage ratios allow traders to open larger positions, while not investing large sums. That is why we consider it as an advantage, although leverage levels that high increase significantly the risk of losses.
Oinvest Disadvantages
Trading conditions not specified on website
Oinvest’s website does not contain any relevant information on its trading conditions, such as leverage levels, minimum initial deposit, spreads, etc. All decent forex brokers specify these essential trading details as a part of their transparent pricing policy.
Fortunately, demo accounts are available, so we were able to see the trading costs and the leverage ratios available.
Not available in many countries
It seems that Oinvest targets mainly local traders, as it does not accept clients from the United States, Iran, Cuba, Sudan, Syria, North Korea, Australia, Canada, Israel, as well as such from European countries.
Conclusion
Oinvest is a well-regulated South African broker that offers wide range of tradeable assets on the industry’s leading MT4 platform. While the trading conditions on demo accounts seem pretty attractive, they are not clearly specified on the broker’s website.
The situation with financial markets in South Africa seems promising, as this is the most developed country on the continent and has some sort of financial regulation. Nonetheless, the most reliable forex brokers regulated by the South African Financial Sector Conduct Authority are also licensed by other, more trustworthy financial governmental agencies such as UK’s FCA or Cyprus’s CySEC.
To sum up the above:
| Pros | Cons |
| Licensed in South Africa | Trading conditions not specified on website |
| MT4 available | Not available in many countries |
| Tight spreads | |
| A wide variety of assets | |
| High leverage levels |
| Broker | Advantages | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Traders` reviews for OinvestSpreadSlippageRequotesPrice feedPlatformDeposit/WithdrawCustomer serviceSummaryI am a victimIt is the real scam, blood sucking kind of people, they are working for the devil. Stay awayYou are going to loose money . Oinvest is a SCAM. SCAM.Its a SCAM. Do not trust them. I have lost R63500 in 3 days today!! lock out of my account with a large amount of money still in the avccountI was sill busy on forex and I was locke out. Withdraw[email protected] actually helped my withdrawal after providing the statement. Not customer friendly[email protected] is not customer friendly. After they withdraw the R3500 no tel is answered and no advice forthcoming. Lost all my moneyI trade with Oinvest since March but after doing well they give me false information to buy to trading t App not tradingI just started my journeys to days ago I find that after two days the MetaTrader 4 app do not work properly. Please helpI have an account with oivest even though I’m not trading at the moment. My main concern was that it seemed like somebody was going into my trading account and open and close active trading pairs without me knowing. Who ever was assisting me, will than blame me for that.I was still new in trading space. Secondly I didn’t change my password. I still want to be a trader. Please I need your advise. With kind regards Please help meI deposited an amount of R8500.00 with Oinvest using my absa Visa credit card, I was helped to make the deposit. I could not trade sue to the fact that I am always on the road now. I requested a refund of my money but now they avoiding me. They are not helpful with my refund but they are registered with the FSCA and they regulated by so called Basfour 3773 Pty Ltd. Will somebody please help me to recover my R8500.00.Please. FSB please. Update on previous postAdding to my post from yesterday, I was contacted by Oinvest’s “Customer Support” department rgarding my withdrawal request, by email. They claimed that there was an issue with their Payment Service Provider and that my refund MAY have to be provided by wire transfer. Extremely annoying, invasive business practiceHaving seen Facebook promotions for an investment scheme that automatically generates profits and having a spare bit of cash to throw at such TGTBT schemes, I decided to deposit $250 with Oinvest. Stay away from OintvestI was called by ine Agent called Issac asked for my ID and proof of Res, deposited my R3500, 2days later so called Account Manager Lennard help me to download their trading website, 2days agter asked for $250 to increase my chances if making a profit. 1day later he ask for more when I told him I dont have anymore I had already invested All money was gone. Pls pls Stay away from Ointvest. Am starting to suspect OinvestI was asked to make a loan of R25000 to buy stock market shares which will make me profit, to my surprise I am told that my margin level is low and I must put in more cash because my margin level is below 100, whereas I was told that I will be refunded the money I put in to backup my margin level, I have requested my refund now am told that my money cannot be released as my margin level is on minus.That was not an agreement an I am now sitting on a debt which I must pay back. Do not invest with oinvestOnce u have deposited money, it means you have fallen into their trap because i did Jadoti Limited Reviews: is Jadoti.com a Scam or Should I Invest?Проект был перенесен в архив. Информация по нему не отслеживается и не обновляется. Скорее всего проект уже давно прекратил работу. Есть негативная информация о проекте скам! Категория Нет данных Похожий дизайн сайтаbithappy.icuehasher.comlegend-invest.bidsafe-fund.infoasset-lucky.ltdinv-bitcoin.comOne of the best companies nowadays, the easiest way to make more money! I have been getting my payments every time I have requested them. I am very pleased for that and I will reinvest more. I started my journey since 2 weeks ago, hope more people will discover this great company that pays really well. I am satisfied with the work of this site. Основная информацияСайт проекта jadoti.com Информация WhoIs (домен)Информация о сертификатеИнформация о хостингеIP сервера 104.28.18.34 Is www.vascoinvestment.com a SCAM or not? How do I check website like this scam or not?Is there any website that list any online investment service company and put real information on every site mentioned there? And categorises them in order to make it available to end-users to find wheter the site is SCAM or not. If someone know this No-Scam “Opportunities” -Yellow Pages, please advice it here. I mean REAL online INVESTMENT COMPANY. NOT kind of HYIP, get money quick program, etc. Just like the real Dressell Investment Limited from England or a kind like that. By the way, anyone knows the url of Dressell Investment Limited above? Best Binary Options Brokers 2020:
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