Overall, ROinvesting offers Islamic swap-free trading on 3 trading accounts e.g. Silver account, Gold account, and Platinum account. Roinvesting offers extended swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries.
ROInvesting at a glance
| Broker's Name | ROInvesting |
| 📍 Headquartered | Limassol, Cyprus |
| 📅 Year Founded | 2015 |
| ⚖️ Regulating Authorities | CySEC |
| 🌐 Countries not accepted for trade | United States |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:500 |
| 💰 Minimum Deposit | $250 |
| 💳 Deposit Options | Credit and debit cards, Wire Transfer, Skrill, Neteller, SafeCharge, DECTA, Payvision, INPAY, Trustly, PayPal, Paysafe, and more |
| 💳 Withdrawal Options | Submit a withdrawal request through the account area. |
| 💻 Platform Types | MetaTrader4, WebTrader |
| 📱 OS Compatibility | Mac, Microsoft Windows, Mobile, Web, iPhone |
| 📈 Tradable assets offered | Forex, shares, indices, commodities, metals, cryptocurrencies, and EFTs |
| 👨💼 Languages supported on Website | English, Dutch, Russian, Polish, German, Spanish, Netherlands, Portuguese, and French |
| 👥 Customer Support Languages | English, Dutch, Russian, Polish, German, Spanish, Netherlands, Portuguese, and French |
| 📆 Customer Service Hours | Monday to Friday from 7 – 17 GMT |
Min Deposit
USD 100
Regulators
CySEC
Trading Platform
MT4, WebTrader
Crypto
Yes
Total Pairs
47
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
ROInvesting Islamic Account – 10 key points quick overview:
- ROInvesting Overview
- What exactly is an Islamic Account?
- Why is interest discouraged or prohibited by Sharia law?
- What are the steps involved in opening a ROInvesting Islamic Account?
- What is ROInvesting’s spread costs on an Islamic Account?
- What other features does ROInvesting’s Islamic Account have?
- ROInvesting Customer Reviews
- ROInvesting Pros and Cons
- Conclusion
- FAQ’s
ROInvesting Overview
ROInvesting is a Cyprus-based online Forex broker that was first established in 2015. The broker offers access to a wide variety of assets, consisting of Forex, indices, commodities, cryptocurrencies, ETFs, and stocks. Trading is supported on the industry leading MetaTrader 4 platform, as well as a WebTrader option. ROInvesting boosts the trading experience for its clients with multiple advantages. One of the leading trading platforms MT4 helps to boost strategies with advanced trading tools.
The trading platforms offer intuitive UI, powerful functionality, and a full set of features for trading, allowing users to enhance the potential of advanced technology and trade Forex with flexibility. The ROInvesting trading platforms deliver technical indicators, analytical objects, interactive charts, trading history, and many more. Clients can focus on trading strategies and trade Forex with confidence on innovative platforms.
Forex trading implies speculation on rising and falling values of currencies. Traders always deal with two currencies at once, trading one currency against another. To this end, the broker’s platforms ensure that traders have seamless access to the Forex market, where they can execute their Forex trading strategies 24 hours a day, 5 days a week.
The broker’s education centre offers learning resources to brush up on knowledge about Forex trading. A demo account allows traders to practice in real-time without any risk. Dedicated technical support provides knowledgeable assistance. ROInvesting offers an excellent service with appealing spreads, a vast choice of investment tools, dedicated technical support, and many more.
The broker ensures clients a safe connection, secure trading account, encrypted financial operations, and powerful firewalls. Added to this, ROInvesting ensures that clients receive fair pricing, transparent trading conditions, and no hidden charges to focus solely on Forex trading strategies.
Traders of the Muslim faith can apply for an Islamic, swap-free account upon registering with the broker, and will also have the option of testing out the broker’s features on a free demo account. The Islamic Account has the same conditions as offered on the three swap-rated accounts, with the exception that no swap rates are charged. There are no additional charges on the Islamic Account.
Finally, as a well-regulated broker, ROInvesting can ensure clients’ deposit security. ROInvesting is well regulated by the Cypress Securities and Exchange Commission (CySEC). Under this regulation, ROInvesting is required to store client funds in segregated accounts with a top-tier bank or financial institution. Client deposits are further insured under a compensation scheme, which guarantees these funds in the unlikely event of broker insolvency.
What exactly is an Islamic Account?
To better understand Islamic forex trading, it is important to first gain an insight into the guiding principles of Islamic finance.
To this end, Islamic finance differs significantly from conventional finance in that it is guided by a set of ethics rather than by a purely profit motive. As such, two principles guide Islamic finance as below:
️ The first principle is a risk-sharing philosophy between the lender and borrower. According to Islamic principles, interest is unethical, as it guarantees a reward for the lender, while the borrower must incur all the risk. This, according to Islamic finance, can lead to exploitative practices.
️ The second principle is that financial activity must promote social and economic wellbeing. The purpose of finance in Islam is to promote happiness and contentment in this earthly life. Finance is just one part of life and society.
With these guiding principles, the fundamental feature of Islamic finance is to encourage socio-economic justice. It is for this reason that interest (or riba) is prohibited. Excessive risk (or gharar) is also prohibited, as is excessive gambling or speculation.
Why is interest discouraged or prohibited by Sharia law?
Interest is any pre-agreed fee paid over and above the principal amount, whether it is a personal or commercial loan. Charging interest, according to Sharia law, or making money from money, is unlawful. The major reasons for its condemnation include:
️ Riba promotes negative growth. It may increase money quantitatively, but essentially, there is no primal progression in social wealth.
️ Riba disgraces the human spirit. It effectively promotes a culture that places undue significance on that which is monetary, while disregarding that which is human.
️ Riba is essentially seen as the unlawful acquisition of property.
️ When entrenched, Riba corrupts society.
️ Riba is, for all intents and purposes, unjust. While it creates money for the lender, it is extremely oppressive towards the borrower.
What are the steps involved in opening a ROInvesting Islamic Account?
To create an Islamic trading account, click on the ‘Open Islamic account’ button on the ROInvesting account page and complete the following quick and simple steps:
Step 1 – Open account
Fill in the following fields:
- Given name
- Family name
- Mobile phone
- E-mail address
- Password
- Also, you need to accept the Terms and Conditions, Privacy Policy, and Risk Disclosure.
Step 2 – Personal information & questionnaire
- Home Address
- City
- Zip or Postal Code
- Date of birth
After filling in your data, ROInvesting will ask you to fill in the questionnaire to understand if the broker’s services are compatible with your background and experience.
Step 3 – Documents & deposit
To verify your account, you need to submit the following documents:
- Proof of identity
- Proof of residence
Afterward, you can make your first deposit via one of the secured payment methods: a credit card, a bank transfer, or an e-wallet. Just fill in all the required information and click “Deposit now”.
What is ROInvesting’s spread costs on an Islamic Account?
The spread cost on the Islamic Account will be the same as that of the broker’s swap-rated accounts. As such, ROInvesting offers competitive spreads, which average at 0.7 pips for the EUR/USD, 0.9 pips for the EUR/GBP, and 1.3 pips for the GBP/USD.
What other features does ROInvesting’s Islamic Account have?
The Islamic Account from ROInvesting correlates with the 3 account levels offered at ROInvesting – Silver, Gold, and Platinum – each with its own benefits. Overall, the Islamic account will have the following features and benefits:
- No hidden costs or re-quotes
- No interest/swap charges on overnight positions
- No time limit for holding positions
- No spread widening
- No upfront commissions
- Leverage up to 1:200 (for a professional account)
- Instant access to over 350 assets
- Support from a dedicated account manager
- Execution model: MT4NDD, MT4NCC, MT4 Fixed, MT4 Cent
- Account currency: USD, EUR, GBP
- Average execution speed: 0.05
Min Deposit
USD 100
Regulators
CySEC
Trading Platform
MT4, WebTrader
Crypto
Yes
Total Pairs
47
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
ROInvesting Customer Reviews
‘
Professional customer support
Professional customer support, helped me whenever I had any issues.The support service is very professional.
Excellent trading platform and fastest
Excellent trading platform and fastest help ever. I was fulfilled by client care.
ROInvesting is safe and trustworthy
ROInvesting is safe and trustworthy! He offers commission-free trading. Customer support and account managers are available always. Great service.
ROInvesting Pros and Cons
| ✔️ Pros | ❌ Cons |
| Easy account opening process | |
| No additional charges on the Islamic account |
Conclusion
ROInvesting could be considered as a broker that will give you peace of mind. It offers a quality service to beginner and advanced traders. In addition, it is a regulated through the reputable CySEC financial authority which gives the added security and safety needed.
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FAQ’s
How many instruments can I trade with ROInvesting?
Clients of ROInvesting will have access to the following assets:
- Forex – Trade over 40 currency pairs, including EUR/USD, AUD/USD, and USD/JPY
- Indices –including the FTSE 100 and Dow Jones
- Stocks –Facebook, Deutsche Bank, and Uber
- Cryptocurrencies –including Bitcoin and Ethereum
- Commodities – More than 20 hard and soft commodities are available, including gold, coffee, and oil
- ETFs
Which platforms are supported by Pacific Financial Derivatives?
MetaTrader 4 and WebTrader.
Does ROInvesting offer leverage?
Yes. The leverage ratio offered by ROInvesting will be in line with ESMA regulations as per CySEC:
- Stocks – 1:5
- Forex – 1:30
- Indices – 1:20
- Commodities – 1:10
- Cryptocurrencies – 1:2
What spreads can I expect with ROInvesting?
ROInvesting offers competitive spreads, which average at 0.7 pips for the EUR/USD, 0.9 pips for the EUR/GBP, and 1.3 pips for the GBP/USD.
Does ROInvesting charge commission?
No, ROInvesting provides commission-free trading.
Are there additional charges on the Islamic account?
No.
Is ROInvesting regulated?
Yes. ROInvesting is well regulated by the Cypress Securities and Exchange Commission (CySEC).
Under this regulation, ROInvesting is required to store client funds in segregated accounts with a top-tier bank or financial institution. Client deposits are further insured under a compensation scheme, which guarantees these funds in the unlikely event of broker insolvency.
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