OInvest Review 2020: Is the broker safe and reputable? | Test

In this review we introduce you to the CFD broker OInvest and examine whether it is a trustworthy and safe alternative to famous brokers like eToro or Plus500 in the sea of CFD brokers.

About OInvest

OInvest is a CFD broker founded and currently operated by Aronex Corporation LTD in 2018. Potential users of the trading platform are mainly limited to countries in Asia, Africa and Arabia, which can currently trade more than 350 CFDs on OInvest.com. With the access to the trading platform they get the opportunity to use the proven trading tools WebTrader and MetaTrader4. There is also a tutorial corner where you will find comprehensive trading instructional material and explanations on how to use the strategies.

As mentioned above, there are 350 different CFDs to choose from, in detail there are 49 forex pairs, 172 stocks, 18 commodities, 20 different indices and 21 cryptocurrencies, such as Bitcoin, Ethereum, Ripple (XRP), Dash and Monero. As usual with most brokers, there are three types of accounts: the Silver account, which all users start with, the Gold and Platinum account. Each of them has different fees and available leverage, as the table below shows.

CryptoFXIndicesCommoditiesStocks/EquitiesMetals
Silver1:21:2001:501:501:201:50
Gold1:21:4001:1001:1001:401:100
Platinum 1:21:4001:1251:1251:501:125

Most important info

✅ Website address: https://www.OInvest.com
✅ CFDs: cryptocurrencies as well as commodities, forex, stocks, indices, metals
✅ Leverage: up to 1:200 (for standard silver account)
✅ Minimum deposit: from $250
✅ demo account: Yes, free of charge
✅ Deposit and withdrawal methods: Bank transfer, credit and debit cards (Visa/MasterCard), Skrill, Neteller, Trustly

Who may not trade on OInvest?
The broker does not accept clients from the USA and Europe. Investors from Russia are also not allowed.

**Risk Warning: CFDs and derivatives are leveraged products and carry a high level of risk. Trading in such financial instruments may result in you losing all of your invested capital. Past performance of financial instruments is no guarantee of future performance. Please ensure that you fully understand the risks involved before making any trading decision.

Is OInvest trustworthy and secure?

This is probably the most important and significant question when choosing a broker. In this sense, it is always important to ensure that the broker is licensed and regulated by a supervisory authority. This is the case with OInvest. The company behind the trading platform, Aronex Corporation Ltd, is licensed and regulated by the Seychelles Financial Services Authority (SFSA). The broker has a license number (SD014) and a license certificate, which can be found on the website.

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. From our point of view OInvest also fulfills this requirement. For example, the trading platform uses Secure Sockets Layer (SSL) software, a separate firewall protection, uses a SAS 70 certified data center and is compliant with PCI Level 1 compliance for the encryption of all transactions and data servers and services. The website also states that customer funds are kept separate from company funds.

All in all, OInvest thus makes a very secure and trustworthy impression.

Account types with OInvest

The broker offers three types of accounts: Silver, gold and platinum. With each account type you upgrade, where silver is the basic account, you will enjoy new benefits. For example, the higher you climb in the ranking, the lower the spreads become. In addition, the higher your account type, the higher the leverage. While the Silver account has a maximum spread of 1:200, the Platinum account has a maximum spread of 1:500, and each account type has customer support from 10:00am to 8:00pm GMT.

Silver Account

  • Leverage up to 1:200
  • Spread from 0.07
  • no swap rebate

Gold Account

  • Leverage up to 1:400
  • Spread from 0,05
  • Swap discount 25%

Platinum Account

  • Leverage up to 1:400
  • Spread from 0.03
  • Swap Discount 50

Platforms for trading on OInvest

MetaTrader 4

MetaTrader 4 is a popular trading software, which OInvest users can use to make use of the functions of automated and copy trading in addition to manual trading. MT4 is a software that must be downloaded and installed. You can then trade on OInvest from your desktop PC or laptop. In addition to the trading options, the software also provides you with various charts. You can also place trading signals and access over 50 editable market indicators.

WebTrader

The web version of the MT4 can be accessed using any browser and, unlike the MetaTrader, does not require the download of any software. With WebTrader you can analyze the different financial markets and access the various chart tools and a watch list in the standard workspace, as well as use the automated trading. You can also contact the customer support directly and enjoy the full range of MT4 functions.

Mobile app

OInvest’s mobile app is available for iOS and Android devices and is designed to make trading quick and easy. The app offers real-time streaming quotes with built-in charts, technical indicators, trade alerts and push notifications.

Available cryptocurrencies as CFD

On OInvest you can choose from 21 different cryptocurrencies as CFDs. The big advantage of CFDs over “real” cryptocurrencies is that you do not bear the risk of storage. Therefore, you do not have to worry about the safekeeping. Below you will find the list of available crypto CFDs:

  • Cardano
  • BAB
  • Bitcoin
  • Bitcoin gold
  • Dash
  • Ethereum Classic
  • Ethereum
  • Litecoin
  • Ripple
  • Stellar
  • Bitcoin Cash ABC
  • Bitcoin Cash SV
  • IOTA
  • Lisk
  • NEO
  • QTUM
  • NEM
  • Zcash
  • Verge
  • Siacoin
  • Monero

Trade crypto CFDs on OInvest

Fees

The trading fees on the OInvest platform vary according to the financial market and the asset traded. For example, the spread for the EUR/USD currency pair can be traded as low as 2.2 pips for Silver accounts, 1.3 pips for Gold accounts and 0.7 pips for Platinum accounts. The individual spread fees, as well as the swap and overnight funding fees can be viewed on the MetaTrader 4 trading platform.

Payment methods

Merchants can deposit and withdraw money 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. The minimum amount that users can withdraw from the platform is 100 USD.

How can I trade with OInvest?

  1. Open an account
    First click on the “Open Account” button and fill in the following fields: First name, last name, phone number, email address and password. After confirmation, the “Thank you for registering” window will open and you will receive an email with the login details for OInvest and a link to the account you created.
  2. Verify personal information
    OInvest requires the following additional information from you: your date of birth and your personal address.
  3. Making a deposit
    Once your real account is opened, you will automatically receive a demo account with a balance of USD 100,000 in virtual money, where you can test your skills with the right account. When you are done, you can make your first deposit using one of the various methods: credit card, bank transfer or one of the e-wallets.

Bottom line

According to our research, OInvest is a serious and up-and-coming broker that is still on the way to entering the market. However, the broker has the potential to compete with other established brands. However, before you start trading, you should test the platform via the free demo account to get a feel for the platform.

**Risk Warning: CFDs and derivatives are leveraged products and carry a high level of risk. Trading in such financial instruments may result in you losing all of your invested capital. Past performance of financial instruments is no guarantee of future performance. Please ensure that you fully understand the risks involved before making any trading decision.

About Author

Jake Simmons has been a crypto enthusiast since 2016, and since hearing about Bitcoin and blockchain technology, he's been involved with the subject every day. Beyond cryptocurrencies, Jake studied computer science and worked for 2 years for a startup in the blockchain sector. At CNF he is responsible for technical issues. His goal is to make the world aware of cryptocurrencies in a simple and understandable way.

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