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Oinvest review and ratings

Established 2018
Location South Africa Seychelles
Regulation FSCA, SFSA
Offices Umhlanga, Mahe
Broker type STP
Leverage up to 1:400
Deposit from 250 USD
Spreads mid  mid
Platforms Web MetaTrader 4
Instruments Currencies Crypto Indices Metals Energies Softs Stocks
Funding methods Wire Transfer Credit Cards Skrill Neteller

Company information

Oinvest group includes 2 related companies.

Oinvest SA - located in South Africa, regulated by the Financial Sector Conduct Authority (FSCA).
Oinvest SEY - located in the Seychelles, regulated by the Seychelles Financial Services Authority (SFSA).

Availability

Oinvest group accepts clients from all over the world, excluding USA and some other countries where restrictions apply.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

45+ Currency Pairs Based on major and minor world currencies.
30+ Crypto Pairs Based on Bitcoin, Bitcoin SV, Bitcoin Gold, Ethereum, Ethereum Classic, Dash, Litecoin, Ripple, Cardano, Basecoin, Lisk, Qtum, Swisscoin, Stellar, Monero, Verge, Zcash, IOTA, NEM, USDT.
15 Indice CFDs Based on baskets of different blue-chip stocks, US Dollar Index and Volatility Index.
5 Metal CFDs Based on Gold, Silver, Palladium, Platinum and Copper.
4 Energy CFDs Based on Crude Oil (WTI, Brent), Gasoline and Natural Gas.
8 Soft CFDs Based on Cocoa, Coffee, Corn, Cotton, Orange Juice, Soy Beans, Sugar, Wheat.
200+ Stock CFDs Based on shares of AU, US, UK and EU companies.

Comprehensive review

Oinvest is a forex & CFD brokerage based out of South Africa and with an offshore branch registered in the Seychelles. The broker is regulated in both jurisdictions, namely by South Africa’s Financial Sector Conduct Authority (FSCA) and the Seychelles Financial Services Authority (SFSA).

The most unique thing about Oinvest is probably its wide selection of trading instruments, which includes stocks of more than 200 companies listed in the US, Europe, and Australia. This is far beyond what many other forex brokers offer, and means that Oinvest may be an ideal choice for CFD traders who like to follow the stock market.

In addition to stocks, however, Oinvest also offers a range of forex pairs, a fairly large number of cryptocurrencies such as Bitcoin, Ethereum, Litecoin and Ripple XRP, as well as a selection of commodities and major equity indices. All assets are offered in the form of contracts-for-difference, better known as CFDs, with leverage that goes as high as 1:400 on the most liquid instruments such as the EUR/USD currency pair.

In terms of platforms to trade on, Oinvest has chosen to rely exclusively on the legendary MetaTrader 4 (MT4) platform, which is available in a downloadable desktop version, web version, as well as a mobile app for Apple and Android devices.

In general, Oinvest clients will be assigned to one out of three account types depending on their trading volume and the size of their initial deposit. At the time of this review, the three account tiers are Silver, Gold, and Platinum type of accounts. The key differentiator between these are the spreads, which starts from 2.2, 1.3 and 0.7 pips, respectively, for the popular EUR/USD pair. For the same pair, the leverage available also varies from 1:200 on the Silver account, to 1:400 on the Gold and Platinum accounts.

In addition to the three mentioned account types, a designated Islamic account is also available for those who require that.

To fund the account, all the usual payment methods are accepted by this broker, including bank wire transfer, major credit & debit cards, as well as the popular e-wallets Skrill and Neteller. Unfortunately, cryptocurrencies are not accepted as a funding method by this broker, despite the fact that it offers many cryptocurrencies for trading.

As usual, withdrawals are also processed through the same payment method as was used for the deposit. One thing to note about withdrawals, however, is that the broker states on its website that it “may charge” a withdrawal fee of EUR 50 (or the equivalent in another currency) “if there is insignificant or no trading activity” on an account. This is obviously something we find questionable, and we hope the broker will reconsider this policy in the future.

Traders are always welcome to contact Oinvest by either email or live chat with any questions they may have. Strangely, however, no phone number is provided for traders who need to reach the broker directly, which is something that really reduces the credibility of a broker in our view. We therefore hope this is something Oinvest will introduce in the near future.

Finally, we feel that Oinvest is a broker that is trying to break through in the competitive forex brokerage industry, although it may still have a way to go in terms of its customer service in particular. Still, it’s worth keeping in mind that this broker opened up for business as recently as in 2018, making it a relatively young company in this industry.

Reviews from traders

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