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OInvest Broker Review

OInvest is a 2018 startup that offers FX and CFD trading online. The broker 2Invest is run by the main business, Aronex Corporation Ltd. Both of these brokers have recently begun operating, therefore neither has a long history of success. 

The Financial Services Authority of Seychelles has registered the broker. Brokers frequently use this region as a safe haven from the stricter regulations imposed by regulators like CySEC or the FCA.

OInvest Trading

OInvest offers 45 currency pairs, some of which are uncommon and small. They also provide CFDs on 33 different cryptocurrency pairs. The broker also provides CFDs on 17 commodities, 15 indices, and close to 200 equities.

Although this broker’s highest forex leverage is 1:500, it is the same as that of their sister broker, 2Invest. Leverage varies depending on the asset. This would never work with a broker that was properly regulated, as the ESMA maximum is 1:30. New traders have access to greater danger than they can comprehend because of the high leverage.

Alert: Beware of Sister Broker

Although there were no warnings against the broker throughout our investigation of OInvest, there was a caution against 2Invest, a broker from the same operating organization. 

On December 2, 2020, the Financial Market Commission of Chile issued a warning about 2Invest. The broker conducts substantial marketing in South American nations. The regulatory body considered it important to alert traders to the fact that they lack license to provide services in the nation. OInvest and 2Invest are not registered with or affiliated with the CMF.

Accounts and Fees OInvest

Both MetaTrader 4 and OInvest’s custom web trading platform are available to traders. Their platform falls short of the variety of functionality offered by MetaTrader 4.

The broker offers the Silver, Gold, and Platinum account types. A $250 deposit is required from traders to start a Silver account.

As traders advance in account categories, they have access to greater spreads and more leverage.
For traders who wish to check them out before making a commitment, the broker also provides demo accounts.

After just two months of inactivity, the broker starts to levy steadily rising inactivity fees, so traders should keep a close eye on their accounts. After nine months, these expenses rise to $500 per month.

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