Trading Forex with Oinvest review – Is it good?
Forex trading is becoming more and more popular every day. Once, it was a field that was accessible to only big financial companies and banks. Today, it has changed. Now, people from all over the world can trade Forex thanks to the development of the internet. The internet gave Forex the chance to go mainstream, and this industry has used every single opportunity that the internet could offer.
Sadly, it is not only the good that came with this development. Today, the market is full of scam companies that are making it very hard for regular Forex traders to know which company to trust and which to avoid. Today, we are going to review Oinvest. This Forex broker is pretty new, it was established only two years ago, in 2018.
However, it has managed to create services that are very competitive in today’s market. If you want to learn more about Forex trading with Oinvest, you have come to the right place! we are going to talk about everything that might be important for prospective users of Oinvest.
Oinvest quick overview – Regulations, principles, etc
When it comes to Forex trading, one of the most important things that you need to keep in mind is regulations. To overcome the challenges on the market, jurisdictions around the world decided to create regulatory agencies that would take care of this field. In the case of Oinvest, it is the Financial Services Authority in Seychelles, better known as the FSA. The license number of the company is SD014.
As our review of Oinvest shows, the broker mostly focuses on the population of Asia and the Middle East, however, it claims to be working very hard to offer services around the world. For this purpose, international regulatory agencies like FSC can be very useful.
How does this broker guarantee the safety of your funds?
The broker is obligated by the regulatory framework to make sure that the funds of their clients are as safe as possible. Our review of the Oinvest FX broker shows that the broker keeps the funds if its clients on segregated bank accounts, which means that no matter what happens, even if the broker goes bankrupt, the safety of your funds is guaranteed. You will always be able to access your funds on your segregated bank account. The broker works with some of the best banks around the world to keep the funds of its clients as safe as possible.
Also, in the age of technology, every broker needs to make sure that the data of the users are kept safe. For this, there are several principles that this Forex broker has adopted. It uses some of the best firewalls to make sure that the data is protected, while also complying with Level 1 PCI services.
Is Oinvest a legit Forex broker?
We found that Oinvest is a legit Forex broker because of the regulatory framework that it follows. Also, we checked out feedback from the users of the broker and found that it a great execution. While trying out the services of this broker on our own, we were very glad to see that the broker follows KYC policy as well, which is a great tool to fight against money laundering and other issues.
Steps to start trading at Oinvest
To start trading with this Forex broker, you will need to first create a live trading account. There are several options available for investors in this regard, such as:
- Silver Account
- Gold Account
- Platinum Account
All of these three account types are very different from one another. They were created for specific Forex traders, and to help you find out which works better for you, we will discuss every single one of them one-by-one. First, let’s start with Silver Account, which is a perfect choice for those who do not have much experience in Forex trading. As our revies of FX broker Oinvest shows, with this account, you will be able to trade with a leverage of 1:200, and also use very competitive spreads.
The gold account is for those who have already learned more about Forex trading and are now ready to take some more risks. You can trade with high leverage of 1:400, and take an advantage of some of the most useful analytic tools that can make trading a lot easier. Finally, the Platinum account can be very enjoyable for the most experienced FX traders. With this one, spreads are even lower and the leverage is 1:400.
However, keep in mind that trading with high leverage is not recommended since it is considered to be very risky to do so. A perfect thing would be to make sure to get as much experience in Forex trading as possible before starting using high leverage. Also, keep in mind that the minimum deposit that you can make to start trading at Oinvest is $250.
What should you do after creating an account?
The account creating process is very simple and easy. It can be done under a few minutes, and although this broker follows the KYC policy, it does not take much time or afford at all. The process is very much the same as you would have with other brokers on the market.
After you have created your account, now its time to make your first payments. Our Oinvest review shows that there are a lot of opportunities for this. You can use payment methods such as Credit/Debit cards, which are more traditional ways of payments. You can also use direct bank transfers, or use online payment methods like Netteller and Skrill.
What can you trade with Oinvest?
Trading instruments represent one of the most important parts of Forex trading. At Oinvest, there are many opportunities that traders have. You can many instruments, such as:
Forex trading is one of the most popular ways of investment around the world. The market is very big, and according to official data from 2019, the daily average turnover of the market was as much as $5.1 trillion. There are 49 currency pairs available at this FX broker that you can trade right now. As our review of Oinvest shows, crypto trading is becoming hugely popular, and this Forex broker is trying to keep up with the development of the world.
As for commodities, it is something that has been around for a very long time. Oinvest offers both, soft and hard commodities. Hard commodities are those like gold, silver, oil, and others. While soft commodities are the ones that are a result of agricultural activity, such as wheat, cocoa, and others. You can also trade stocks of the leading companies on the market with this Forex broker.
Trading platforms – which one should you use?
This Forex broker offers several trading platforms, which is creating a very diverse and useful environment for every investor. One of the most popular trading platforms around the world is MetaTrader 4. This amazing platform was created by a Russian company called MetaQuotes exactly 15 years ago and since then, it has not lost its popularity.
You can use this platform at this broker, as found by this Oinvest FX broker review. In addition, you can also use a web-based version of this platform, called WebTrader. This one is very useful for those who do not want to download additional trading platforms on their PCs.
We have said that Forex is one of those markets that are very actively trying to keep up with the development of the outside world. This broker is another proof of that. Oinvest has recently introduced its mobile trading application, which can be a great offering for everyone. By using it, you will be able to always keep in touch with the Forex trading market, even while you are on the go.
Do we recommend trading with Oinvest?
As our review of Oinvest shows, this Forex broker can be trusted by anyone on the market. Although it was created only two years ago, this broker was able to create a great platform for everyone. It has developed very much and offers something for everyone. There are more than 350 trading instruments available at this broker right now, and trading with it will not disappoint.
Also, the customer service of the broker is very useful and helpful, which is a great plus in today’s world. So, if you still have not decided which Forex broker to use, we very much recommended this one to everyone.