Today, we review the broker ROinvesting. We focus on the trading platform & trading conditions, we scan how tight the spreads are and look at the background of the broker.
ROinvesting (formerly GMO Trading) is a trading name of Royal Forex Limited, which is in Europe regulated by the CySEC. The company features CFDs on forex, stocks, indices, commodities, ETFs and cryptocurrencies. The broker has especially interesting offer for crypto traders as ROinvesting features in total 33 cryptocurrency pairs (CFDs) for which they charge competitive spreads. The ROinvesting website is available in English, Portuguese, Dutch, Spanish, Polish, Russian, Lithuanian and Italian.
What do we cover in our ROinvesting Review?
|General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.|
Basic information about the broker
- Website address: www.ROinvesting.com
- Instruments: CFDs – Forex, cryptocurrencies, commodities, stocks, indices, ETFs
- Minimum deposit: $250
- Broker type: STP
- Methods of deposit and withdrawal: Wire Transfer, credit and debit cards, Skrill, iDeal, Klarna, Sepa, Trustly, Poste Pay
ROinvesting Trading platform
ROinvesting features no other platform but the winning-award choice of millions of traders – MT4. This platform is accessible on all devices, including mobile phones. MT4 can be also used via a web-based platform called WebTrader, which does not require downloading any software as it can be used simply from a web browser. The trade time execution is according to ROinvesting superior:
All trades executed on the trading platform are processed within 1 second.
Cryptocurrency trading at ROinvesting
ROinvesting supports CFD trading on 33 cryptocurrency pairs. These include popular cryptos like: Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Ripple, Dash or even less known cryptocurrencies such as Lisk, Cardano, Qtum and many others. Most of the cryptocurrency pairs that are available on the trading platform are tradable against USD as well as against Euro or GBP.
Deposits and Withdrawals
The minimum deposit at ROinvesting is $250. The company offers different deposit and withdrawal methods that vary according to where you are based. The base payment/withdrawal methods are, however, credit and debit cards, Skrill, iDeal, Klarna, Sepa, Trustly, Poste Pay and bank transfer. Traders who provided the company with all the required documents can request a withdrawal that is processed within 1 working day. All withdrawal requests submitted before 11:00 AM GMT are processed on the same business day. With any withdrawal requests after 11:00 AM GMT is dealt with the following business day. In case you use bank transfer as your payment method, it can take between 5 to 7 working days before money appears in your bank account (depending on your bank).
ROinvesting has very convenient trading conditions as the company charges very decent spreads. The charged spread differs on the traded asset and the account type that the trader has. ROinvesting is an STP broker and this is an illustrative list of some of the variable spreads.
*Variable Spreads for the silver account holders. Data were taken from the ROinvesting website on 02.11.2020, 14:18 GMT+1.
Customer support can be reached every business day from 10:00 AM – 20:00 PM GMT. For any enquiries, users can use their phone, email support or live chat.
ROinvesting is a trading name of Royal Forex Limited, which is regulated by the CySEC.
Royal Forex limited is authorized and regulated under the Cyprus Securities and Exchange Commission under license number 269/15.
The CySEC regulation gives Royal Forex limited the right to provide cross-border services to other members of the European Economic Area.
The conclusion of our ROinvesting review
ROinvesting is an attractive CySEC regulated CFD broker with a particularly interesting offer for cryptocurrency traders. The company operates very transparently, so information about all fees and trading conditions can be found directly on the website. The number of tradable assets is very decent and hovers around 300. Roinvesting traders can trade on a popular trading platform MT4, which can be either downloaded to a computer/mobile device or accessed directly via a web browser. Company’s customer support is always very helpful and responds in a timely manner.
Your review can make a difference to other traders, please leave a comment if you have any personal experience with ROinvesting.
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As a first time investor I intend to invest a minimum amount in crypto currencies with one of the reputable traders.
I don’t quite understand how the CFD works. Can I loose more money than I’ve invested ? I understand that is volatile and risky but I don’t want to loose more than I can afford.
Thanks for your advise.
If you don’t understand how CFD works, please read this FX/CFD guide. If you trade with regulated brokers like GMO Trading, you can never lose more money than you have invested (they have a negative balance policy).
You are welcome 🙂
For a few months now I’ve been trading CFDs with GMOTrading, I like that I have the ability to trade financial products without “literaly” owning them, cause they’re quite expensive no? Btw, stocks and indices are what I like more, along with my account manager we have designed strategies according to market movements, I’m learning more and more from him everyday, I hope at some point I’ll be able to work by myself.
Is there a problem trading from any where in Africa and how do you make a redrawal if you are not in the same country
I am not sure whether RoInvesting accepts clients from Africa, please visit their website and ask their customer support. What do you mean by that “if you are not in the same country”, could you please explain this a bit more?