Oinvest
Company Description
Oinvest is a well-known CFD broker offering a wide range of investment instruments and services. The company’s clients can trade currency pairs, stocks of market giants such as Amazon, Nokia, Sony, Alibaba, and Apple, as well as metals like gold and silver, cryptocurrencies including bitcoin and ether, and indices such as China A50, Nikkei 225, NASDAQ 100, and DAX30.
The official website of the company can be found at oinvest.online. The broker claims official registration in the USA and compliance with the current regulatory body — the Financial Services Authority (FSA) in the United States. The contact section indicates that the company is indirectly controlled by a bearing manufacturing company with registration number 8417765-1. The company’s actual address is 3917 Timberbrook Street, Denver, Colorado 80203, USA.
For quick communication with clients, the company offers a wide range of contacts, including email, phone, and chat support. Users can use the broker’s services only after registration. Additionally, further information about the company can be found on social media platforms Facebook and Instagram.
Trading Conditions
The broker Oinvest is focused on collaborating with novice traders and therefore offers an extensive educational platform for learning. The website hosts webinars and training sessions. The minimum deposit amount when opening an account is not specified, and the base currency is US dollars. After registration, each client gains access to in-depth market analysis and various trading tools.
The company offers several trading plan options:
- Standard. Minimum investment of $500. Investment security guarantee and consultations with company specialists.
- Trader. Investments starting from $2000. Conditions similar to the standard account.
- Premium. Investments starting from $10,000. The account does not differ in functionality.
Differences in investment amounts do not affect the functionality of accounts, additional services, or privileges for clients. The company does not offer additional investment programs, referral links, or bonus accruals. However, for some clients, the option of opening an Islamic account, adhering to Sharia principles, is available.
Deposits and Withdrawals
No minimum deposit is set for the account. The broker claims the possibility of free education through its website. Account funding is available through the following payment systems: Neteller, Skrill, Visa, Mastercard, Maestro. The maximum withdrawal amount is not specified, and information about commissions and other fees is absent. The primary currencies for transactions are US dollars and euros. The withdrawal process from the account is not described in detail, and the maximum number of daily transactions is not indicated. All withdrawal requests are processed within 7 business days.
Conclusion
Oinvest is a respected brokerage company specializing in CFD contracts and offering professional trader education. The company provides various trading plans that do not differ in effectiveness and functionality. The investment range is broad, providing equal opportunities for all clients. The platform’s terms of use are defined in the Terms of Use section, but some aspects related to providing investment services remain unclear, especially in the context of the agent Aronex Corporation Limited.
My experience with Oinvest was thoroughly disappointing. Their customer service was unacceptable, being both unresponsive and unhelpful. I also found their trading platform to be extremely outdated and clunky, making it very hard to navigate. They also charged me hidden fees which I was not informed about beforehand, a clear indicator of lack of transparency. I was also unsatisfied with the limited number of assets available for trade. Overall, I cannot recommend Oinvest due to its lack of reliable customer service and transparency.