In this post I will be reviewing the online broker OInvest. This is a South African brokerage firm that was established in 2008. They offer a wide range of asset classes for trading online including forex currencies, CFD’s on stocks, commodities, precious metals, energies and more. Whatever you like to trade, there is something for everyone. OInvest provides leverage of up to 1:500 and has a minimum account opening requirement of R3500. The benchmark EURUSD spread is from just 0.7 pips, which is very competitive when you consider that the broker does not take an additional commission on the trade.
OInvest Review Introduction
In this OInvest review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including OInvest.
OInvest Platforms & Tools
OInvest offer traders the popular MetaTrader 4 (MT4) platform which is used by millions of traders all over the globe. The broker provides the MT4 platform completely free of charge for desktop, web browsers and mobile devices. The advantage of the web platform is that you can run it directly in your web browser without needing to download or install any additional software. The MT4 mobile app is useful for this who need to access their OInvest accounts for trading whilst on the go from anywhere in the world with an internet connection.
The MT4 platform is known for being very user friendly which makes it an option for new traders although it still has plenty of advanced functionalities for the more experienced traders. It is packed with a large selection of trading tools including technical indicators, drawing objects and the ability to set price alert notifications. MT4 has multiple chart time frames from 1-minute to 1-month along with various chart types which include bar charts, line charts and the candlestick charts which can be good for conducting price action analysis.
OInvest also support automated trading using expert advisors (EAs) in the MT4 platform. There is also an inbuilt MetaEditor programming interface where users can create their own trading indicators, scripts and EAs. The MT4 strategy tester allows you to back test these EAs over historical data downloaded from the brokers history centre.
OInvest Research & Education
OInvest offers clients a generous selection of trader education and research tools such as Video on Demand, Ebooks, Trading Courses and an Economic and Earnings calendar. These educational materials can help traders of all different experience levels to improve their trading skills and knowledge. It also emphasises the fact that the broker cares about and has its client’s best interests in mind. Of course, trading online carries significant risk so it is imperative that you know what you are doing when using any trading broker and only ever risk what you can afford.
OInvest Trading Accounts
OInvest offer different account types to cater to the various needs of individual traders. These are the silver, gold and platinum accounts. The account that you qualify for can depend on your trading volume and initial size of your deposit. The primary difference between each account type is the size of the spread, leverage available and added features included. The broker also offers demo trading accounts should you wish to try out their trading services and practice your trading strategies with virtual funds.
OInvest Account Funding
As with many other online forex brokers, OInvest accepts payments with major credit or debit cards including VISA and MasterCard along with bank wire transfers and some of the more popular e-wallets such as Neteller, Skrill and VPay. The time taken for payments to clear can depend on the method used.
OInvest Customer Service
OInvest have a prompt and efficient customer service team who are happy to answer all of your technical, general and account related questions. The support team can be reached Monday to Fridya during working hours via email, telephone and live chat. There is also a contact form on the OInvest website if you prefer to contact the broker that way.
OInvest South Africa is licensed and regulated by the Financial Sector Conduct Authority, with license number 42020. The Financial Sector Conduct Authority (FSCA) is responsible for market conduct regulation and supervision. FSCA aims to enhance and support the efficiency and integrity of financial markets and to protect financial customers by promoting their fair treatment by financial institutions, as well as providing financial customers with financial education. The FSCA will further assist in maintaining financial stability.
Outside of South Africa, they are owned by Aronex Corporation Limited, which is located at Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. They are regulated by the FSA Seychelles.
OInvest Review Summary
Overall, despite being a relatively new broker to the online trading industry, OInvest have an established trading service with the intuitive MT4 platform, competitive spreads, a generous selection of trading instruments and some very useful educational resources. They are also regulated with a choice of convenient account funding options. The account types are flexible whilst they have responsive customer support team who will be happy to help you open an account in just a few minutes.
It is worth mentioning that some of the trading products and services in this OInvest review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the OInvest broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.