Oinvest (Oinvest.com) review is meant to enlighten South African traders about this new broker. Regulated by The Financial Sector Conduct Authority, they are reliable compared to other brokers in the region. Our team has spent over three months examining this broker. Although we found that the broker has some exciting features, there are better brokers. To find out more, you need to go through this entire review. And this will help you know more about the broker and what to expect.
On their about us page, the platform claims to be operated by Aronex Corporation Ltd. Aronex Corporation Ltd is a company that has been licensed and regulated in Seychelles. They have a working license from the Financial Service Authority with license number SD014. The mother company has produced another brokerage firm in the South African Market. They offer traders an opportunity to trade with over 350 trading instruments. And this is a good enough reason to sign up with the platform.
Other brokers are popular thanks to their trading features. These brokers offer safe trading and guarantee safety for your investments. They are available in all jurisdictions, which makes them a favorite amongst the online trading world. It is what successful traders use to get ahead of the trading world. Become the next prominent trader, thanks to having the best brokers the market has to offer.
Oinvest is limited to South Africans, which are probably the reason they have a low customer rating. The platform is relatively new and has started to create a strong base in the African market. They offer to trade through CFDs on all assets. From what we found, the mother company is professional and focused on ensuring a level playing ground. The website is user friendly, which makes it a gem for all traders. With a friendly interface, users can easily navigate through the site.
As earlier mentioned, the platform is all about CFDs. What we must say is that they also deal with Crypto assets. Crypto assets found on the platform include Bitcoin and Etherium. The assets located include CFDs on Commodities, Forex, indices, and stocks. Users can also get metal assets such as gold and silver. Equities and stocks from leading companies are also available on the platform. These include stocks from Alibaba, Amazon, Apple, and Nokia. Expect to find indices such as China Exchange 40, Dax30, Nasdaq100, and Nikkei 225.
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The broker has already won more than four awards in the short period they have been trading. Some of the awards include the Fastest Growing Online Trading Broker 2019. They also won the Finance Derivative Award 2019 and Global Broker Markets award. With these accolades under their belt, it goes to show how big the broker is growing. With a recurring customer base, it makes it easier for South Africans to trade. And this is what drives the broker to achieve even more awards in the future.
Oinvest is licensed and regulated by FSCA, the South African forex regulator. Their mother company is also governed by FSA, which is helpful to traders around that region. With the broker being fully complaint, it is clear to see that funds are safeguarded. The broker has a valid license, which means they have passed all relevant requirements. Traders should know that the platform offers segregation of accounts.
The advantage of having a regulated platform is having the assurance of safe trading. With a valid license, it means the platform offers insurance cover for deposits made. They have been able to cater to customer’s needs and a robust system. With proper handling of services, O Invest has made a name for itself. The only downside of having a license from FSCA is that other traders from other jurisdictions can’t sign up. This broker is only offering brokerage services to investors in South Africa.
When it comes to details regarding currency pairs, the website is full of information. They have listed all their currency pairs from Crypto to forex. There are more than sixty crypto pairs on the site. And this is a welcome site for South Africans looking to try out crypto trading. They are also offering more than fifty top currency pairs in the forex market. The platform has listed stocks from major US companies and both Australian and European markets. Investors can get attractive commodities such as gold, natural gas, and oil.
There are expansive learning tools available on the platform. These tools include on-demand articles, seminars, webinars, and videos. There are three levels of learning accessible for all classes of investors. Newbies can move on after understanding their level of trading. Available levels include learning the basics, next-level trading, and assets. The basics include the trading world, trading psychology, and capital management. Next level trading includes forex advantages, types of orders, and a glossary of concepts. The last level includes using types of requests, adding indicators to graphs, and the terminal window.
Oinvest is furnishing users with three account types to choose from. The three accounts include Silver, Gold, and Platinum. They also offer Islamic account holders for our Muslim brothers. The leverage and spreads vary depending on the type of account a user takes. Some of the features available on these accounts include free VPS and news alerts. Other notable features include hedging and swap discount. They also offer trading signals to Gold and Platinum account holders.
Thanks to live chat support, users can talk with a representative on site. They can also send an email or make a direct call to the broker. A trader must use a platform whose support is easily and readily available. Communication is paramount to any trading system. And this is why we insist that traders should test a broker’s communication process. The broker in question, however, did pass our email and phone test with flying colors.
They are using the MT4 trading terminal, which is considered to be the best in trading. The platform is secure and provides fast trading executions. The platform ensures that there is encryption for all transactions. Thanks to having a reliable trading platform, the terminal has cutting edge firewall and SSL encryption. Users should rest assured that the platform is compliant with Level 1 PCI Services.
When it comes to payment options, the broker has all-round available payment options. Depository channels listed on the platform include Maestro, MasterCard, Neteller, Skrill, Visa, and VPay. The withdrawal process takes less than seven working days, depending on the preferred platform. Users should read and understand the terms and conditions entirely on withdrawals. Users get full 10-hour support from 10 am to 8 pm GMT. These payment options make it easier to deposit and withdraw from the platform.
The safety of funds is guaranteed by a broker who is regulated by the FSCA. And this is a plus to all investors who sign up. In case of any eventuality such as insolvency, users will get their full deposits. Risk management also plays a crucial role in ensuring users are aware of the potential risks. It is why their security system is recording positions and warns clients in case of any dangers.
Oinvest is LEGIT and should be a favorite among South African traders. They have proved to be efficient and offer safe trading features. With the security of funds being guaranteed, the broker is heading for better days. Thanks to this broker, it is now possible for South Africans to get access to the online financial market.
For any South African looking for a secure and reliable broker, O Invest is the one to choose.
If you are still not satisfied with the broker, there are other reputable brokers with years of experience. These brokers are a favorite among online traders thanks to their transparency. Take a second and look at these best-rated brokers the market has to offer.
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