Overall Rating
4.4/5
Rated #437 of
Recommended FX Brokers
Minimum Deposit
USD 250
Regulators
FSCA
📱 Trading Desk
MetaTrader 4
₿ Crypto
Yes
📈 Total Pairs
–
Islamic Account
Yes
Trading Fees
Low
🕒 Account Activation Time
24 Hours
Our OINVEST Account Types Revealed:
- ✔️Oinvest Overview
- ✔️Oinvest Account Types
- ✔️Oinvest Account Features
- Oinvest Demo Account
- Oinvest Islamic Account
- Oinvest Pros and Cons
- OINVEST AT A GLANCE
Oinvest Overview
Established in 2019, Oinvest is a Seychelles-based Market Maker broker which offers traders from around the world with direct access to several financial markets through powerful trading platforms.
Oinvest is regulated by the Financial Services Authority (FSA) of Seychelles and caters for traders from all parts of the world if the use of Oinvest’s services are not contrary to local law or regulation.
Oinvest is well-known for providing traders with a range of learning tools along with professional customer support which can be contacted 24 hours a day, 5 days a week. Traders can trade more than 350 financial instruments spread across forex, commodities, indices, shares, and cryptocurrencies.
Oinvest Account Types
Oinvest provides traders with a choice between three different trading account types, or tiers. Each of the account types has dynamic features which are suited to individual traders according to their trading needs, experience, and knowledge.
Oinvest Account Features
Silver Account
The Silver Account is the entry-level account which has the following features:
- No minimum deposit requirement
- Fixed spreads which start from 2.2 pips EUR/USD, 2.8 pips GBP/USD, 2.3 pips USD/JPY, 0.59 pips on Gold, 0.07 on Crude Oil, and 2 pips on DAX
- Leverage as per the financial instrument being traded – 1:200 for forex, 1:50 for metals, commodities, and indices, 1:20 for equities and stocks
- Withdrawals that are processed within one business day
- Ability to swap to an Islamic Account
- Dedicated 24/5 customer support
- The benefits of fifth decimal pricing
- Hedging allowed when using this account
Gold Account
The Gold Account is designed for more advanced traders who need more competitive pricing and additional features, which include:
- No minimum deposit requirement
- Fixed spreads which start from 1.3 pips EUR/USD, 2 pips GBP/USD, 1.5 pips USD/JPY, 0.48 pips on Gold, 0.05 on Crude Oil, and 1.5 pips on DAX
- Leverage as per the financial instrument being traded – 1:400 for forex, 1:100 for metals, commodities, and indices, 1:40 for equities and stocks
- Withdrawals that are processed within one business day
- Access to a dedicated account manager
- Access to webinars as well as video
- Ability to swap to an Islamic Account
- Full 24/5 customer support
- Fifth decimal pricing
- Overnight carry fee of 25%
- Access to various trade signals
- Ability to use hedging
Platinum Account
The Platinum Account caters for professional traders who need the best possible trading conditions and pricing. This account has the following features:
- No minimum deposit requirement
- Fixed spreads which start from 0.7 pips EUR/USD, 1.3 pips GBP/USD, 0.8 pips USD/JPY, 0.37 pips on Gold, 0.05 on Crude Oil, and 1 pip on DAX
- Leverage as per the financial instrument being traded – 1:200 for forex, 1:125 for metals, commodities, and indices, 1:50 for equities and stocks
- Access to news alerts
- Free access to VPS for eligible traders
- Withdrawals that are processed within one business day
- Ability to swap to an Islamic Account
- Full 24/5 customer support
- Fifth decimal pricing
- Overnight carry fee of 50%
- Access to trading signals
- Ability to make use of hedging
Oinvest Demo Account
Oinvest does not offer traders with the option of offering a demo account, putting the broker at a disadvantage, especially when considering that most competitors offer this helpful option.
A demo account is a practice account which is funded with virtual funds, offering traders with a risk-free platform and environment which can be used in several ways, namely:
- A risk-free account where beginner traders can gain more experience and skills before they enter a live trading account.
- More experienced traders can use the account to develop and test their trading strategies before using them in an environment where their capital is at risk.
- Traders can use the demo account to explore what Oinvest offers before they commit to a live trading account.
Oinvest Islamic Account
The purpose of an Islamic Account is that it caters specifically for Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.
Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.
Oinvest offers traders with the option to convert their live trading account into that of an Islamic Account on all three account types. This exempts Muslim traders from overnight fees which are prohibited by Sharia Law.
The features that traders can expect when they convert their live trading account, despite the account type, include:
- No minimum deposit requirement on any of the accounts.
- Access to more than 350 financial instruments which can be traded through MetaTrader 4.
- Zero commissions charged on trades.
- Fixed spreads that differ from one instrument to the next.
- Access to leverage from 1:20 up to 1:400.
- Fast and easy withdrawals.
- 24/5 dedicated customer support.
- Fifth decimal pricing as well as access to use hedging in trading.
Traders who convert their live trading account must note that Oinvest reserves the right to approve or decline a request for conversion. In addition, traders must also note that there is a possibility that they may have to provide proof of their religion.
This ensures that the account will not be misused or abused by other traders who try to bypass the system concerned with overnight fees. This also means that Oinvest can remove the swap-free status from any account and ban traders if misuse or abuse of the Islamic Account is noticed.
Oinvest Pros and Cons
OINVEST AT A GLANCE | |
| Broker’s Name | Oinvest |
| Headquartered | Seychelles |
| Year Founded | 2019 |
| Regulating Authorities | FSA |
| Countries not accepted for trade | United States and several others |
| Islamic Account (Swap Free) | Yes |
| Demo Account | Yes |
| Institutional Accounts | No |
| Managed Accounts | No |
| Maximum Leverage | 1:400 |
| Minimum Deposit | $0 (0 ZAR) |
| Deposit Options |
|
| Withdrawal Options |
|
| Platform Types | MetaTrader 4 |
| OS Compatibility | Windows, Linux, MacOS, web browsers, Android, iOS |
| Tradable Assets |
|
| Languages supported on Website | English |
| Customer Support Languages | Multilingual |
| Customer Service Hours | 24/5 |
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Overall Rating
4.4/5
Rated #437 of
Recommended FX Brokers
Minimum Deposit
USD 250
Regulators
FSCA
📱 Trading Desk
MetaTrader 4
₿ Crypto
Yes
📈 Total Pairs
–
Islamic Account
Yes
Trading Fees
Low
🕒 Account Activation Time
24 Hours
FAQ
TRADING ENVIRONMENT
How many instruments can I trade with Oinvest?
You can trade the following financial instruments:
Which platforms are supported by Oinvest?
Oinvest supports MetaTrader 4.
Does Oinvest offer leverage?
Yes, traders have access to leverage up to 1:400.
What spreads can I expect with Oinvest?
You can expect spreads that start from 0.7 pips EUR/USD on the Platinum Account, 1.3 pips EUR/USD on Gold, and 2.2 pips EUR/USD on Silver.
Does Oinvest charge commission?
No. Due to the nature of its business and seeing that Oinvest is a Market Maker which offers fixed spreads, there are no commissions added onto trades to make up for the broker fee.
Are there additional charges on the Islamic account?
No. There is no mention of whether additional fees such as wider spreads, commissions, administrative fees, or any others, will be charged when traders convert their trading account into an Islamic Account.
Is Oinvest regulated?
Yes, Oinvest is regulated by FSA.
Is Oinvest a recommended forex trading broker for experts and beginners?
Yes, Oinvest caters for both beginners and experts.
What is the overall rating out of 10 for Oinvest?
6/10.
ACCOUNTS
What is the difference between a demo and live trading account?
A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring of both the broker’s offer and the trading platform.
A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.
Does Oinvest offer a demo account?
No, Oinvest does not make provision for a demo account.
For how long is the demo account valid?
Oinvest does not offer a demo account.
Does Oinvest offer the option of an Islamic Account?
Yes, Oinvest offers the option of an Islamic Account on all live trading accounts.
Which live trading accounts does Oinvest offer?
- Silver Account
- Gold Account
- Platinum Account
What are the available deposit currencies for a live trading account?
USD and EUR. However, Oinvest has a South African branch, which means that ZAR may be included.
DEPOSITS AND WITHDRAWALS
What is the minimum deposit for Oinvest?
$0 (0 ZAR).
How do I make a deposit and withdrawal with Oinvest?
- Credit/Debit Cards
- V-Pay
- Skrill
- Neteller
- Bank Wire Transfer
Does Oinvest charge withdrawal fees?
No, Oinvest does not charge withdrawal fees.
How long does it take to make a withdrawal?
This will depend on the payment method used. Payments can reflect instantaneously or take up to several days.
