Interested in HFTrading? We’ve found that FXTM consistently comes out on top in our exhaustive broker reviews.
|350+ financial instruments
|Broker for European customers only
|You can access lots of educational material
ROinvesting is the trading name of Royal Forex Limited, a Cyprus-based multi-asset CFD broker. Authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), and the Financial Conduct Authority (FCA) in the UK, ROinvesting is currently focusing on building its European and UK customer base.
The CySEC licence comes with stringent regulations with CFD brokers obligated to comply with MiFID directives. While this ensures several layers of security to retail clients, including negative balance protection and investor compensation if the broker fails to settle claims or goes into administration, it comes with its limitations too.
The broker currently offers more than 350 assets with the product mix comprising forex, stocks, indices, commodities, cryptocurrencies, and ETFs. On the trading front, individuals registering with ROinvesting can access only the MetaTrader 4 across all computers and mobile devices.
The downloadable desktop, web and mobile applications come with an excellent user-interface, support all order types, and comprise several analytical tools to assist traders in successfully implementing a fraction of second decisions. The platform is suitable for all categories of traders- beginners to professionals, includes a host of trading tools, and supports manual, automated, and copy trading features.
The trading conditions at ROinvesting comprise of variable spreads, with the minimum bid-ask difference for the EUR/USD pair starting at 0.2 pips.
The max leverage, on the other hand, varies from 30:1 for retail clients to 500:1 for professionals. While the forex broker provides the primary MT4 terminal without any add-ons, traders can access the live global economic calendar, and several educational materials, trading signals from the FCA regulated ‘Signal Centre.’
All these are accessible across the three account types- Silver, Gold, and Platinum, offered by the European broker. ROinvesting also provides a dedicated account manager for all clients, offers swap discounts to clients signing up for the Gold and Platinum accounts, and free VPS, customised news for the latter.
If you are not residing in the EU or the UK, then you should not even consider ROinvesting. The broker is very clear that they only prefer clients from the region, and although this could be a drawback, that’s the way they wish to operate, at least for now.
As for potential investors in Europe, ROinvesting is tier-1 regulated and is as good as any other CySEC- regulated broker. ROinvesting has won several accolades, including Europe’s best CFD broker for 2020, making them one of the most sought forex-CFD brokers in the European Union. ROinvesting is also the official CFD partner of AC Milan.
Licensed within the EU and apparently focused solely on clients who reside within the EU, ROinvesting is a pretty accessible Forex and CFD brokerage, featuring a great selection of tradable assets and well as a decent choice of platforms (among them MT4). Why should you become a ROinvesting client though? Surely, the brokerage features some sort of a unique selling point…
To answer that question, the first thing we need to check off our list is regulation. You should never trade with an unregulated operator in any shape or form, no matter how attractive it seems. Fortunately, ROinvesting makes the cut in this regard.
Based in Cyprus, the corporate entity behind the operation is a certain Royal Forex Ltd, headquartered at 81, 3rd floor, 128-130 Limassol Avenue, 2015, Strovolos, Nicosia, Cyprus. The company is registered with the Cypriot authorities under number: HE 336694. The phone number of the brokerage is +80050026003. There is a UK contact phone number available too: +44 2039364444, as well as this email address: [email protected].
As said above, ROinvesting is indeed licensed by CySEC, the Cyprus Securities and Exchange Commission, under license number 269/15. The regulatory status of the operation can be double checked at the official CySEC website. Interestingly, the license of the operator dates back to 2015, while according to representatives of the brokerage, the operation itself was only launched in 2017.
The CySEC license obviously covers the operations of the brokerage within the EU, meaning that it does indeed comply with all the MiFID requirements. Potential traders from most other countries (including the US) are not accepted at the brokerage, and ROinvesting makes it clear that it provides services for EU citizens only.
In addition to CySEC, Royal Forex Ltd. is registered with the UK’s FCA too.
As a CIF (Cyprus Investment Firm), ROinvesting is a member of the investor compensation scheme, which essentially means that its clients are provided with a sturdy safety net, in addition to the one delivered by the regulatory status of the brokerage. According to the terms and conditions section of the site, all retail clients of the brokerage are covered by the scheme.
As far as withdrawal policy is concerned, users should know that as long as they submit their request before 9AM, their withdrawal will be processed the same day. Requests submitted after 9AM are processed the following day. Withdrawal requests can be submitted during the weekends too, though these will only be processed on the first upcoming business day.
Accounts can be funded through credit cards, wire transfers, as well as a number of eWallets, such as Skrill, WebMoney and Neteller.
Asset Selection for ROinvesting
As far as tradable assets are concerned, it is safe to say that Forex is the bread and butter of ROinvesting’s offer. Their Forex selection features scores of currency pairs, high liquidity and excellent trading conditions.
By excellent trading conditions, we obviously mean low spreads first and utmost, as well as outstanding leverage, which in this case translates to a leverage of 1:30 – up to 1:500 for professionals. As far as spreads go, on the EUR/USD pair, which is of course the king of the majors, the minimum spread is just 0.7 pips. The spreads are variable though and they can be as high as 55+ pips on pairs like the GBP/ILS for instance.
In the indices department, the offer is just as generous and diverse. The trading conditions are not quite as wild as they are with Forex pairs. The lowest spread in this section is 0.8 pips, and the available leverage on all indices-based assets is 1:30 up to 1:500 for professionals.”
The commodities section does not disappoint either. It covers scores of tradable assets, beginning with mainstays such as XAU/USD (Gold) and XAG/USD (Silver), and wrapping up with exotics such as cotton, orange juice and corn.
The stocks section covers just about every company the rank-and-file retail trader knows about, and its trading conditions are rather attractive as well. The spread is a fixed one at 0.21 pips minimum, and the leverage available is 1:30 up to 1:500 for professionals. On some of the European stocks, the spread can be as low as 0.021.
Roinvesting Trading Platforms
As mentioned at the beginning of this review, ROinvesting offers a handsome selection of trading platforms, but it most certainly does not go overboard in this regard. It has a Web Trader, MT4 and a variety of mobile trading platforms.
The Web Trader is the easiest and handiest to access. Its advantages are obvious: it does not require a download and it can be accessed from any part of the world at any time, through any one of the major browsers. Considering that it is a web-based trading platform, it is surprisingly well-endowed in the drawing tools and technical indicators departments. It is indeed almost as powerful and as versatile as MT4.
Various charting options are available through this platform, as well as live analysis, visual trends and a handy trading cubes feature. Clients can open demo accounts through the Web Trader, which remain live for two weeks, allowing them to put their skills and the platform/ROinvesting’s trading conditions to the test in a pressure- and risk-free environment.
MT4 is the main workhorse of the brokerage platform-wise though. The charting and analysis tools provided by this most popular of all trading platforms, are simply peerless. The platform can be downloaded for free from the ROinvesting website and it only requires a minute or so to install. It is well worth the extra effort though: it comes with an amazing number of preinstalled technical indicators, and it allows traders to install more, or better still: to create their own. Through its EAs, MT4 allows a certain degree of automation in trading, a feature which is indeed wildly popular – quite possibly the most sought-after perk of this platform.
Charts are fully customizable in MT4, and traders can save their chart-templates for later use. The order entry is easy and intuitive, and ROinvesting offers its real-money clients trading signals too.
The ROinvesting mobile apps are available for free through the App Store or Google Play for Android users. Besides their user-friendly interfaces, these platforms offer advanced charting and analysis options as well.
ROinvesting Review Conclusion
Regulated and well-stocked tradable assets-wise, ROinvesting ticks all the boxes in regards to trading conditions too. This no-nonsense Forex and CFD broker is indeed a more than decent trading destination for most. The minimum required deposit is just $250, which is also a major mark in the + column.
Exciting news for ROinvesting, as AC Milan have entered into a sponsorship agreement.
ROinvesting are now listed on the clubs official website here https://www.acmilan.com/en/
86% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you can afford to take the high risk of losing your money.
Forextraders' Broker of the Month
BlackBull Markets is a reliable and well-respected trading platform that provides its customers with high-quality access to a wide range of asset groups. The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following. The BlackBull Markets site is intuitive and easy to use, making it an ideal choice for beginners.