Oinvest has a characteristically streamlined onboarding process for new traders, which is what any user experience starts with. It’s among the faster onboarding processes, starting with just a phone number, email address, and the user’s name, and then progressing through document upload all in around 2 minutes. Oinvest doesn’t pressure new members to make a deposit or even upload ID initially, making sure to tell them it’s possible at any time and encouraging the exploration of a demo account beforehand.
However, Oinvest does give members the tools to do their own due diligence, and supplements this with an extremely available customer service team. Therefore, it will be suitable for most trader experience levels, even professionals, and those who expect the best service from their broker no matter if they’re a big or a little fish. Another point in favor of Oinvest’s reliability is its customer service team, which hasn’t had the longest time to prove itself but has done so nonetheless.
That would be a result of a number of factors, including the inexplicable (and inexcusable) absence of an FAQ section, the lack of proper introduction of core trading features, and general low degree of transparency throughout. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.
The Trustpilot Experience
All three account types can be adapted for Muslim traders, meaning that there are no additional fees involved. They also permit hedging and offer customer support from 10 AM to 8 PM GMT. Trading with Oinvest provides you with access to more than 350 instruments, all of which are available across the platforms and on all account types. If you review Oinvest broker instrument offerings in comparison to competitors, you will likely be impressed with the number of cryptocurrencies, as well as the access to share CFDs from various countries.
They cover a range of topics, from earning season summaries to trend trading and financial impacts of current events. Those indicators are supplemented by 24 analytical objects, including Gann and Fibonacci tools, channels, lines, and more. This combination provides unbeatable access to nearly everything you need for technical analysis.
Account types with OInvest
Merchants can deposit and withdraw money avatrade review via credit cards, debit cards (Visa/Mastercard), Skrill, Neteller and VPay. The minimum deposit amount when using a credit or debit card is $250 and the maximum deposit amount is $10,000. Deposits and withdrawals of funds on the platform take a maximum of 7 business days. In addition to trustworthiness, security is also of great importance when choosing a CFD broker. In this respect it is important to check the hardware and software security protocols of OInvest.
Oinvest Broker Review
The mobile application connects to your account seamlessly, letting you switch between using this version, the desktop, or WebTrader versions when the need arises. The application is feature-rich, including interactive charts that let you view real-time price changes. Choose from bars, lines, or candlestick charts and easily move between timeframes. You can trade outside of South Africa with the Seychelles FSA regulated arm of the broker however Oinvest does not accept clients from the United States, Africa, or Europe.
Traders who consider customer service a must do see Oinvest as a great choice, however, with a call center that’s available five days a week, two email support lines and fxtm broker reviews a form to contact management as well. With multiple ways to deposit and deploy capital across global markets safely, it’s also required to have a dense library of educational resources and references, which Oinvest readily delivers. Oinvest is a great broker for any trader thanks to the wide range of tradable instruments, various account types, attractive spreads, and the extensive training resources on offer. If you sign up for a Platinum account, you’ll also receive access to a free VPS and news alerts. The former offers a variety of benefits including heightened security and better speed, which is important if you engage in automated trading.
- The WebTrader platform on Oinvest is powered by MetaTrader 4, providing you with access to the award-winning platform without having to download any files.
- The approach has a distinct lack of professionalism, magnified by the availability of MT4 marketing material.
- The video on demand (VOD) library consists of five categories, filled with short but descriptive videos, which represent an excellent starting point into an educational session.
- Suitable for all types of traders, Oinvest offers extensive trading opportunities through a variety of asset classes.
- Most retail traders have good choices with 306 assets across five sectors, with a notable cryptocurrency selection.
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Spreads also get lower as the account tier rises from Gold to Platinum, moving as low as 0.7 pips for EURUSD. Additionally, Oinvest does not frivolously share member information outside of the company, and walls off its own website and trading platforms with encryption against potential breaches. This is just one part of its stack of protective technology, which also integrates HTTPS and cutting-edge firewall protection where it matters most. Accordingly, traders measuring their risk with depositing any amount of capital or investments on Oinvest have only the markets to consider and no other variables.
You can save money on swaps by upgrading your account, as Gold accounts receive a 25% discount, and Platinum accounts receive a 50% discount. While the spreads at Oinvest are a little higher than at brokers of a similar quality, there are no commissions for trading at Oinvest. This makes it especially easy to calculate potential profits since you only need to consider the spread. The same as with other brokers; open and verify your account, make a deposit, and trade. An online form processes new account applications, per established industry standards. The first step consists of a name, e-mail, password, and valid phone number.
Oinvest offers a solid trading platform regulated by a trustworthy authority. The broker caters to traders of all levels with various account types and educational resources. Although there are some concerns regarding the withdrawal process and spreads, Oinvest remains a viable option for many traders. As always, potential clients should conduct their research and consider their trading needs before choosing a broker. Our Oinvest review team found all the information needed to confirm that Oinvest provides clients with confidence and safety.
All you have to do to avoid the fee is to trade at least once every two months. Additionally, you can close your account immediately to avoid the inactivity fees. If your account is still inactive, the fee increases to 200 euros monthly at 181 days and 500 euros at 271 days. The broker will never charge an inactivity fee to accounts with zero balance. There are no deposit fees from Oinvest, and there are typically no withdrawal fees either.