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Roicraft Broker Review
This broker, conveniently called Roicraft, refers to itself as Roi to keep the return on investment in mind. Of course, it’s a psychological ploy to make sure that when you view the website, profits are what you have in mind. The broker’s presentation of a savings account and assurance that you can earn up to 3.9% yearly encourages this further.
Find out more about this company by reading our Roicraft review.
Broker status: Unregulated Broker
Regulated by: Unlicensed Scam Brokerage
Scammers Websites: roicraft.co
Blacklisted as a Scam by: N/A
Owned by: N/A
Headquarters Country: Canada (allegedly)
Foundation year: N/A
Supported Platforms: WebTrader
Minimum Deposit: $250
Cryptocurrencies: Available – ETH, XRP, BTC
Types of Assets: FX, commodities, indices, shares, cryptocurrencies
Maximum Leverage: N/A
Free Demo Account: No
Accepts US clients: N/A
What About the Regulation of Roicraft?
In short, there are no regulations for Roicraft.
This company didn’t bother to give investors simple information like the names of the business’s founders or the CEO, or anything similar. A Canadian address is provided, but as there is no proof to back it up, this information is easily fictitious. Roicraft has never been listed in any corporate registry in this nation.
Why is a license required for brokers?
A broker must possess a license in order to control their business and conduct themselves legally. The license also guarantees the establishment of a compensation fund by the business. These funds, which must total more than 700,000 EUR for Tier 1 licensed brokers, are intended for use in client reimbursement. You have a money-back guarantee in the event of a problem.
Sadly, Roicraft has not considered its customers and has not obtained any regulation. The corporation runs by its own set of rules, which is never in an investor’s best interest.
Supported Trading Platforms – Software for Trading
Roicraft didn’t provide much about its trading platform either, as is the case with the majority of information. There is a section on the website titled All About Trading, which implies that the company offers fantastic investment software that is accessible on desktop and mobile devices. Allegedly, you may anticipate receiving a lot of charts, a layout that is changeable, and lots of available resources.
We won’t continue with the evaluation because we are unable to verify this. All we can tell with certainty is that it’s always preferable to choose a reliable broker who offers MT4 or MT5.
All Information Regarding Roicraft Trading Accounts
Six different Roicraft account types exist.
- Standard – $10,000
- Bronze – $25,000
- Silver – $50,000
- Gold – $100,000
- Premium – $250,000
- VIP – $1,000,000
The welcome bonus, account manager seniority, withdrawal costs, and commissions vary amongst accounts.
Roicraft Selection of Trading Tools & Markets
Roicraft provides investment opportunities in the following exchanges:
- Forex
- Commodities
- Indices
- Shares
- Cryptocurrencies
Shares and the return on those are the company’s main priorities.
Roicraft Methods for Deposit and Withdrawal
For deposits, Roicraft allows a number of payment options, including:
- Bank wire transfer
- Debit/credit cards
- Wallet
The minimum deposit varies depending on the payment type; it is $250 for credit cards and $500 for wire transfers. The same methods are accepted for withdrawals, but no information is provided regarding the costs you’ll incur or how long it will take the business to fulfill your withdrawal request.
Since Roicraft charges for its welcome bonus, which can be as high as 75%, you should exercise caution. To receive your money back, you must pay back the bonus sum plus the initial payment 20 times.
Issues with Fund Withdrawal
Not much is said by the broker regarding withdrawals. The majority of complaints, however, center on this problem, and customers contend that getting their money back is essentially impossible. Deposit assistance is a priority for the broker, and account managers are constantly on hand until you make a withdrawal. Your account access will be suspended at this point, and your helpful manager will abruptly vanish.
You must make a report right away if you recognize yourself in our tale.
Roicraft: What Is It?
Roicraft is an unlicensed online Forex and CFD trading scammer. Please get in touch with us for help receiving a refund if you invested money with this company.
Roicraft lacks a license and offers no background information on the proprietor.
There are definitely good reasons to be wary of the services offered by brokers Roicraft.
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