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ROinvesting Review – Sketchy Details With No Demo Don’t Bode Well

ROinvesting

ROinvesting is an online forex and CFD broker with a license to operate by the Cyprus Securities and Exchange Commission. While it might still have some problems, this makes it much safer to deal with than offshore, unregulated brokers like FXLeader. The broker is part of the parent company Royal Forex Ltd. They offer a variety of forex currency pairs, along with CFDs on many assets such as stocks, cryptocurrencies, commodities, and ETFs. Their forex spreads are generally unfavorably, often twice as high as those at comparable brokers.

Trading with ROinvesting

ROinvesting allows traders access to the familiar and reliable MetaTrader 4 platform, with its standard suite of indicators and automated trading features. They state that they comply with the ESMA mandated leverage cap of 1:30. Still, some of their accounts seem to be offering leverages of up to 1:500. They do claim to provide this 1:500 to professionally certified traders. Nevertheless, if their account information is accurate, they also offer it to beginners. This would be a severe violation of regulations that are meant to protect new traders from excessive risk.

ROinvesting Review 2020

ROinvesting – Unreasonably High Fee Structure

A deposit of $250 is necessary to open a trading account with ROinvesting. Many other regulated brokers offer lower minimum deposits. The broker is also unclear on many of their fees. Their primary selling points are that they charge no deposit fees and no commissions. A user who attempts to withdraw funds before having made a trade on their account will face a charge of $50. ROinvesting also states that withdrawals under $100 require a fee, but they do not make the amount of that fee clear. There are also several tiers of inactivity fees, beginning at $80 per month after 61 days, and rising to $500 per month after 301 days.

Complaints Against Sister Brands

There are two other names under which Royal Forex Ltd operates, GMO Trading and RoyalForex. There have been numerous complaints against these brokers online. The complaints have centered around aggressive investment advice from advisors and difficulty with withdrawals. These warnings against the other firms are a good reason to be wary of investing with ROinvesting.

Discover Your Options Today

Investing in CFDs is a risk for even experienced traders. If you’ve been pressured into making trades you don’t understand by ROinvesting or other brokers, you might be able to recover some or all of your funds. Our team is composed of experts in handling online brokers. Contact us today with the details of your case, and we’ll determine if you have any viable options for recourse.