1. Introduction: Oinvest is a leading brokerage firm in South Africa situated at Ncondo place, Ridgeside Umhlanga South Africa. 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. It is the leader in the Fintech revolution, providing the best services to the worldwide traders who are searching for the professional regulated online broker for trading in various markets. Read the complete overview of the Oinvest South Africa broker below…
2) Summary
- As a South African brokerage online firm, it provides traders with the chance to trade on more than 350 tools through underlying assets or CFDs in cryptocurrency, indices, shares and commodities.
- 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 account available for metal
- The average spread for USD/EUR pair is 0.7
- Minimum deposit $250
3) History
Oinvest is an online broker situated in South Africa. It began operations not too long ago in 2018. It is only allowed to work with South African customers and regulated by FSCA. The broker is the main sponsor of the Kaizer Chiefs Football Club.
4) Oinvest Account types
Oinvest South Africa offers trading in two different types of account.
Precious metal account
It includes trading in precious metals. The three accounts offered in precious metal are:
- Silver account
- Gold account
- Platinum account
Demo account
One can practice trading before actually putting himself into real market trading.
The spreads on different types of accounts are given below in the table.
| Gold | Silver | Platinum | |
| Spreads | |||
| EUR/USD | 1.3 | 2.2 | 0.7 |
| 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 |
5) Trading platforms
- Three trading platforms for online trading, web and mobile
- Provides advance trading platforms like Web Trader, MetaTrader 4 and mobile application
6) Markets and products for trading
- Complex financial derivatives trading- Currencies / currency pair
Oinvest provides the best choices from the largest financial market in the world, with more than 50 currency pairs to select from.
- Complex financial derivatives trading- Commodities
Oinvest, the leading brokerage firm 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.
- Complex financial derivatives trading- Indices
Offering access to the best indices from the United States, Asia and Europe, Oinvest provides inventors entry into primary indices.
- Complex financial derivatives trading- 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 range of the best international firms.
7) Oinvest Account opening
There are three easy steps for opening an account with Oinvest. These are:
1) Registration with name and phone number
2) Uploading required documents related to income and personal information
3) Start trade by depositing the amount
To start trading with Oinvest, it just requires three steps, hence do not miss this simple trading opportunity. These three simple steps include:
- Open Account: Make a free Oinvest trading account
- Deposit: Add funds to your trading account
- Trade: Start capitalising on commodities, currency pair, stocks and indices
8) Oinvest Commissions and Fee
- Oinvest charges zero commission fee from traders.
- The minimum deposit for opening a trade is $250
9) Deposit and Withdrawal
Deposit Options: Credit Card, Wire Transfer, Neteller and Skrill
Withdrawal Options: Credit Card, Wire Transfer, Neteller and Skrill
10) Leverage
| Leverage | |||
| Indices | 1:50 | 1:100 | 1:125 |
| Stocks / Equities | 1:20 | 1:40 | 1:50 |
| Commodities | 1:50 | 1:100 | 1:125 |
| FX | 1:200 | 1:400 | 1:400 |
| Silver and gold | 1:50 | 1:100 | 1:125 |
11) Is Oinvest scam?
The big question which often comes in mind of the trader is Is Oinvest scam. The answer to the question is “No.” It is a well-regulated firm working under guidelines of FSCA or Financial Sector Conduct Authority. It is a valid registration number and certificate serves the purpose.
12) Is Oinvest safe?
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 trade security.
The funds’ safety protocols include the following points:
- Fund Segregation
- Data Security and Cybersecurity 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.
13) The Advantages and disadvantages of trading with Oinvest South Africa
Advantages:
1) Provides trading in indices, currency pairs (FX) and complex financial derivatives on stocks.
2) Provides user-friendly tools in the Oinvest Learning Centre, which are easy to use and also, easy to understand.
3) 24/5 customer support service
6) Advance trading courses available for all levels of traders.
7) Offers advance trading platform such as Web Trader, MetaTrader 4 and mobile application which is compatible with a mobile phone and personal computer
Drawbacks:
1) They do not have MetaTrader 4
2) They provide customer support services on weekdays
14) Research
The trader will get various advanced tools to carry 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 instruments serving the purpose are:
- Economic calendar
- Earnings sessions
- Trading signals
15) Customer Service
Oinvest provides dedicated customer support service for twenty-four hours a day with five days a week. Additionally, a live chat option is also available through which you can ask all your questions. The response to these questions is instant and provided by professional experts.
16) Educational Courses provided by Oinvest South Africa
Offers educational material for all level of trader which includes EBooks, videos, webinars, tutorials along with the economic calendar, earnings sessions and trading signals
17) Bottom line
As seen above in the Oinvest South Africa Review, Oinvest is the leading firm in the field of financial market trading. It provides exciting features and affordable trading fee on trade. So, you can continue with the broker without any security or safety-related hesitation.
