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 Fees and Spreads Revealed:
Fees and Spreads
Oinvest’s spreads start from 0.7 pips EUR/USD.
The spread list that traders can expect from Oinvest will depend on the account type and the financial instruments being traded. Oinvest is transparent where trading fees are concerned, and traders have the advantage that commissions are not charged as these fees are worked into the spread.
The comprehensive spread list that traders can expect when trading with Oinvest is as follows:
- Silver Account – spreads from 2.2 pips EUR/USD, 2.8 pips GBP/USD, 2.3 pips USD/JPY, 2.8 pips AUD/USD, 2.6 pips USD/CHF, 2.9 pips USD/CAD, 3.1 pips NZD/USD, 2.6 pips EUR/GBP, 0.59 pips on Gold, 0.07 pips on Crude Oil, 2 pips on Dax.
- Gold Account – spreads from 1.3 pips EUR USD, 2 pips GBP/USD, 1.5 pips USD/JPY, 1.8 pips AUD/USD, 2.6 pips USD/CHF, 1.9 pips USD/CAD, 2.1 pips NZD/USD, 1.6 pips EUR/GBP, 0.48 pips on Gold, 0.05 pips on Crude Oil, 1.5 pips on Dax.
- Platinum Account – spreads from 0.7 pips EUR/USD, 1.3 pips GBP/USD, 0.8 pips USD/JPY, 1.1 pips AUD/USD, 0.9 pips USD/CHF, 1.2 pips USD/CAD, 1.4 pips NZD/USD, 0.9 pips EUR/GBP, 0.37 pips on Gold, 0.03 pips on Crude Oil, 1 pips on Dax.
Additional Trading Fees
When traders hold positions open for longer after the trading day has conclude, they are subjected to overnight fees, also known as swap fees. These fees depend on the financial instrument being traded, position size, and whether the trader holds a long or short position.
The carry fee charged by Oinvest for the Gold Account is 25% and the Platinum Account is 50%. Muslim traders who follow the Sharia law have the option of converting any of the three trading accounts into an Islamic Account, exempting them from overnight fees.
As Oinvest is not a spread betting broker, spread betting fees will not apply.
Broker Fees
Oinvest does not charge either deposit fees or withdrawal fees.
Apart from the broker fees indicated on this review, there are no other fees indicated. However, conditions may change and for this reason traders are urged to verify trading and non-trading fees before they start trading with Oinvest.
Pros and Cons
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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
How many instruments can I trade with Oinvest?
You can trade the following financial instruments:
- Forex
- Cryptocurrency
- CFDs on Stocks
- CFDs on Indices
- Commodities
Which platforms are supported by Oinvest?
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 which 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. The broker obtains its fee from the fixed spread.
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.
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