logo
news

Breaking News

Oinvest Review: Is Broker Safe or Scam for Trading?

Oinvest South Africa
Min Deposit
$250
Min Spread
0.03
Regulation
FSCA
Max Leverage
1:400
Broker Trust
5/10

Table of Contents

Last Updated on: 30th November 2023, 06:43 am

Oinvest is a leading brokerage firm with head office based in South Africa. The broker’s head office is situated at Ncondo place, Ridgeside Umhlanga South Africa.

It provides well-regulated service operated under the guidelines of regulatory body of South Africa – FSCA or Financial Sector Conduct Authority and as per the South African Applicable Regulations, and these authorities impose different types of duty on the broker.

OInvest South Africa was licensed by the Financial Sector Conduct Authority, with license number 42020. The broker official works under Basfour 3773 (Proprietary) Limited, located at: Mandela Roads Place, Corner Wale Street and Burg Street, Cape Town, 8000 South Africa.

The South Africa based broker offers online trading facilities for CFDs and other trading instruments such as Forex, indices, commodities, and Cryptocurrencies. Popular cryptos available on the platform include Bitcoin, Ethereum, Dash, and Ripple.

It is the leader in the Fintech revolution, providing the best services to worldwide traders who are searching for a professional regulated online broker for trading markets. It is one of the few reputed brokers.

Read the complete Oinvest South Africa review below…

History 

Oinvest is an online broker situated in South Africa. It started operations in 2018. It is only allowed to work with South African customers and is regulated by FSCA. The broker is the main sponsor of the Kaizer Chiefs Football Club. 

In addition, this CFD and Forex broker has won the award for the ‘Best Multi Asset Broker’ in 2018 by Global Brands Magazine for its committed services towards meeting the rigorous demand of the traders.

Oinvest Features:

  • As a South Africa’s popular trading platform, Oinvest provides traders with the chance to diversify their portfolio by trading on more than 350 underlying assets or CFDs on cryptocurrency, indices, trade Forex, precious metals, shares, and commodities trading. 
  • With Oinvest, investors can easily invest with US dollars or rand. 
  • It offers maximum leverage up to 1:500 with zero commission fee. 
  • Three different trading accounts available for metal 
  • The average spread for USD/EUR pair is 0.7
  • Minimum deposits $250 
  • Offers automated trading
  • Offers great trading experience
  • Advanced trading tools
  • Live Chat feature
  • Built in Tick Chart
  • Extensive Courses
  • Excellent Customer Support
  • Free VPS Service
  • Offers popular cryptocurrency pairs
  • Dedicated Account Manager
  • Offers comprehensive education centre

Advantages and Disadvantages of Trading with Oinvest South Africa:

Advantages: 

  • Provides platform to trade in indices, currency pairs (FX) including major and minor pairs EUR/USD, and complex financial derivatives on stocks. 
  • Provides user-friendly tools in the Oinvest Learning Centre, which are easy to use and also, easy to understand. 
  • 24/5 customer support service 
  • Advance trading courses are available for all levels of traders. 
  • Provides comprehensive trading solutions
  • 3 different trading accounts available for metal
  • Offers advanced trading platform such as Web Trader, MetaTrader 4, and mobile trading apps which is compatible with a mobile device and personal computer 
  • High level of leverage
  • Tight Spreads
  • Doesn’t charge inactivity fees

Drawbacks: 

  • They do not have MetaTrader 4
  • They only provide customer support services on weekdays 

Is Oinvest Safe? Regulatory Compliance

The big question which often comes to the mind of the trader – Is Oinvest a scam? The answer to the question is “No.” It is a well-regulated broker working under the guidelines of Southern African Financial Sector Conduct Authority (FSCA).

The broker follows the Financial Sector Regulation Act or FSR of the South African judiciary. The Forex broker has a valid registration number and the certificate serves the purpose. 

Is Oinvest South Africa Safe for Trading? 

Oinvest takes care of the security of their customer’s funds very seriously because they believe in creating lasting partnerships with their customers. It is the reason why they make sure that all the safety protocols for the funds are strictly followed so that investors can focus on trading rather than worrying about security. 

The funds’ safety protocols include the following points: 

  • Clients funds are held in Segregated bank accounts
  • Data Security and Cyber security Measures

These include:

  • Ensuring that all communications and transactions data servers are encrypted
  • The use of SSL (stringent Secure Sockets Layer) software well as advanced firewalls for protecting all data being received and sent 
  • Ensures that all transactions are in the range of level 1 PCI compliance services.

What are the Types of Accounts Offered by Oinvest South Africa?

The broker offers three account types: Silver, Gold and Platinum accounts. The broker also offers demo and Islamic accounts. ZAR and USD are the only wallet currencies available. As previously stated, Oinvest has no set deposit or activity requirements for any tier.

Silver Account:

This account type is suitable for all investors / traders. The key distinction between the Silver Tier and the others is that the Silver Tier has bigger spreads and only 1:200 leverage. If you do not make a deposit, you will be automatically assigned to this account tier at sign-up.

Gold Account:

With this account type, you will have access to narrower spreads and 1:400 leverage, as well as a dedicated account manager and a 25% swaps discount.

Platinum Account:

In platinum accounts, leverage is offered up to 1:400, spreads in this tier narrow even further. A free VPS service is also available, as well as a 50% swap discount. This account may not be suitable for new traders. In this account, you can use different trading strategies such as hedging and scalping.

Demo trading accounts 

Traders can practice trading with virtual money before actually putting them self into real market trading. This Oinvest account type offers great trading experience and real trading conditions.

This account help open new trading opportunities while also practicing risk management strategies. Create multiple demo accounts according to your trading style to further brush your skills. You can place trades here without risking your capital. 

This is very helpful for new users. Before starting trading with real accounts, read out all the risks involved in it. 

How to Open an Account on Oinvest South Africa?

The process for opening trading account on Oinvest South Africa is quite easy and hassle-free. Here are some simple steps to get started.

  • Firstly, you’ll need to sign up on the registration page of the website by submitting your email address and mobile number.
  • After you receive your login details through email, verify your account by submitting your identification documents such as bank statement or utility bill.
  • Now make a minimum deposit to get started.
  • After that, select a preferred trading platform. You can choose between WebTrader, MetaTrader4, and Mobile apps.
  • You’re now good to start online trading activities.

Available Trading Platforms:

Oinvest South Africa is reliable broker, dedicated to serve all type of South African brokers. It offers the three most advanced trading platform to traders, these includes both mobile and desktop version: WebTrader, MetaTrader, and Mobile platforms.

Here’s a brief description of all these three trading platforms:

MetaTrader4:

MetaTrader4 (MT4) is one of the most advanced and common trading platform among traders. The unique features of this online trading platform make it different from others. Most online brokerages offer this platform.

The attractive features of MT4 include delivering a good and user-friendly platform covering all trading aspects, customizable trading environment, different execution modes, a wide range of advanced research tools etc.

MT4 also provides three different execution modes, also as 4 pending orders, 2 stop and a couple of market orders.

WebTrader: 

It is a web-based trading platform, which is accessible on any browser without the requirement of downloading any additional software. All you need is just a good internet connectivity.

Some of the advanced features of WebTrader include visual trends, trading cubes, and charts. You can further understand all the features of the platform by using a demo account.

Mobile Application: 

Oinvest South Africa offers their own official mobile application, which can help you in trading anytime and anywhere. The application is available for download straight on Google’s Play Store and Apple’s App Store.

The official mobile app help traders to open position anytime whether it’s day or night. The app runs smoothly on both iOS and android operating systems.

 Markets and Products Available for Trading:

  • Currencies / Currency pair

Oinvest South Africa provides the best choices from the largest financial market in the world, with more than 50 currency pairs to select from. 

  • Commodities

Oinvest, the leading and good broker in the financial market, provides their traders with an easy and straightforward way to get started in commodity trading.

Thus, it offers a one-stop online service for trading complex financial derivatives on the globally leading commodities including coffee, gold, and oil. 

  • Indices 

Offering access to the best indices from the United States, Asia, and Europe, Oinvest (South Africa) provides inventors entry into primary indices.

  • Stocks 

Oinvest makes it easy for inventors to invest in the leading stocks complex financial derivatives. It provides complex financial derivatives on stocks from a wide selection of the best international firms. 

Risk Warning: CFDs are a complex financial instrument and it involves high risk. Most investors / traders end up losing money rapidly while trading CFDs. Most new retail investor accounts lose money when trading CFDs.

 Commissions, Minimum Deposit, and Fees:

  • Oinvest doesn’t charge commission fee from traders. 
  • The minimum deposit for opening a trade is $250
  • The fees structure on Oinvest South Africa is comparatively lower than other brokers.

Deposits and Withdrawals  Process: 

Oinvest South Africa offers a variety of options to traders for funding their accounts including most popular funding methods such as debit card, credit card and e-wallets.

You can check out the full detail about deposit and withdrawal methods on the broker’s official website. The broker doesn’t charge any deposit fees or withdrawal fees. In addition, the clients can raise withdrawal request anytime.

Oinvest accepts deposits and withdrawals through following channels:

  • Visa
  • MasterCard
  • Maestro
  • Skrill
  • Neteller
  • Credit Card
  • Vpay
  • Bank Transfer
  • Visa
  • Wire Transfer

Maximum Leverage:

The heightened leverage help traders to make the most out of their limited trading capital by implementing aggressive trading strategies. Any trader can take advantage of high leverage. Here’s available leverage ratios for different instruments:

Leverage
Indices 1:50 1:100 1:125
Stocks / Equities 1:20 1:40 1:50
Commodities 1:50 1:100 1:125
Forex 1:200 1:400 1:400
Silver and gold 1:50 1:100 1:125

Spreads:

The platform offers floating spreads to its clients. The spreads on different types of accounts are given below in the table. 

Gold Account  Silver Account Platinum Account
Spreads
EUR/USD 1.3 pips 2.2 pips 0.7 pips
USD/JPY 1.5 2.3 0.8
GBP/USD 2 2.8 1.3
USD/CHF 1.6 2.6 0.9
AUD/USD 1.8 2.8 1.1
USD/CAD 1.9 2.9 1.2
NZD/USD 2.1 3.1 1.4
EUR/GBP 1.6 2.6 0.9
Gold 0.48 0.59 0.37
Dax 1.5 2 1
Crude Oil 0.05 0.07 0.03

 

Research Support & Educational Resources:

Research Tools:

The trader will get various advanced tools to carry out their research work by monitoring each drop and rise in the market value of the particular asset and instant news on new monetary policy and economic reforms. The three primary financial instruments serving the purpose are: 

  • Economic calendar
  • Earnings sessions 
  • High quality tools
  • Technical indicators for different time frames
  • Real time analysis
  • Trading signals 
  • Broad Technical Analysis Trading Tools

Educational material offered by Oinvest South Africa

The global broker platform offers educational material for all levels of trader which includes EBooks, videos, webinars, tutorials, a few short articles along with the economic calendar, news alerts, live analysis, expert advisors, technical analysis tools, earnings sessions, and trading signals 

Customer Service:

Oinvest South Africa provides dedicated customer support service 24/5 (Business days). The customer service responses in few minutes. Additionally, a live chat option and phone support is also available through which you can ask all your questions.

The response to these questions is instant and provided by customer service team. The broker offers customer service in multiple languages including English. 

Bottom line:

Oinvest is one of the leading Forex brokers in South Africa, but its service limited to just one country is a major drawback. Overall, the broker is offering a large pool of asset classes to trade in, good customer service, advanced trading platform, and good trading fees structure.

As mentioned above in the Oinvest South Africa Review, the broker has made a good market presence in the field of financial market trading. It provides exciting features and affordable trading fees on trade. So, you can continue with this market maker broker without any security or safety-related hesitation. 

The South African version of the website “oinvest.co.za” can’t be accessed from variety of nations , because it is solely meant for South African users.

On negative side, the broker doesn’t offers Negative Balance Protection. The broker is popular for its high leveraged products and also considered a best ECN broker. Overall, Oinvest South Africa is a market maker broker.

Risk Warning: CFDs are a complex instrument and it involves high risk. Most investors / traders end up losing money rapidly while trading CFDs. Most new retail investor accounts lose money when trading CFDs. And always beware of fraudulent sites. 

Disclaimer

Hello from FxReviewTrading! We aim to equip you with an array of objective appraisals, insightful commentary, and meticulous analysis. We uphold our commitment to precision through rigorous data validation and consultations with industry experts. It’s essential to recognize that, albeit rarely, minor fluctuations may arise. Please be assured that our dedication to delivering unbiased assessments, exhaustive scrutiny, and well-informed perspectives remains resolute.

We find it imperative to offer some advice on the matter of investing in financial instruments, commodities, and various assets, which inherently involve a significant level of risk. There is the potential for a complete loss of your invested funds. We strongly recommend engaging in such endeavors only if you possess a comprehensive understanding of the associated risks. It’s worth noting that FxReviewTrading refrains from providing investment advice or any form of financial guidance.

Your financial security is of paramount importance to us, and we fervently endorse the exercise of due diligence and seeking professional guidance when making investment decisions.

FAQ

Who is Oinvest South Africa?

Oinvest is a leading Forex broker in South Africa situated at Ncondo Place, Ridgeside Umhlanga South Africa. The broker offers trading on major financial markets such as Forex, stocks, shares, indices, and even cryptocurrencies. Read our detailed Oinvest review for more details.

Is Oinvest regulated?

It is a well-regulated service operated under the guidelines of FSCA or Financial Sector Conduct Authority and as per the South African Applicable Regulations, and these authorities impose different types of duty on Oinvest. Read our detailed Oinvest review for more details.

Which broker is the best for Forex trading in South Africa?

Oinvest is one of the best Forex brokers for trading in South Africa. Whether you are a new or seasoned trader, you can trust the broker. The platform can help you fulfill your investment objectives. Read our detailed Oinvest review for more details.

What is the Minimum deposit on Oinvest South Africa?

The minimum deposit required to start trading on OInvest is $250. Read our detailed Oinvest review for more details.

Does Onivest South Africa offer Demo Account?

Yes, Oinvest offers a free demo account. If you’re a beginner, this Oinvest trading account type can be so beneficial for you as it helps you understand the real market trends without the risk of losing real money.

On the other hand, it can also help more advanced traders in sharpening their trading skills.

Is Oinvest a Scam Broker?

No, Oinvest is a well-regulated and safe broker for trading in South Africa. Read our detailed Oinvest review for more details.

We Can Make Money With Forex Trading?

Making money with Forex trading requires a great deal of knowledge and good market understanding. Read More to understand what is Forex trading and How does it Work?