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Pros And Cons Of Oinvest Broker - With Overview

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By Author: fxreviews
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Oinvest Review in Detail

1) Customer Support
Oinvest's customer response team indeed impressed us. They almost answered all our calls; replied to every comment and query, and did the best they could do. Moreover, if you need any help regarding any portal or user-interface, they would be happy to help you. One can quickly contact them via phone or email, and if not anything, you can also live chat with them on the website. Customer support is available five days a week, from Monday to Friday, from 10 a.m.
– 8 p.m. GMT.

2) Platform & Assets
Oinvest trading company has a variety of assets and products for their users. A trader can choose among stocks, crypto, commodities, metals, Indices, CFDs, and forex. Moreover, there is a different portal assigned to every product on Oinvest.

MT4, web, and application are the required platforms on their website. You can choose as per your convenience. So far, MT4 has been a leader in the trading industry because of its fewer system requirements, ample information storage, and an active committee of experts to help you.
3) Tools & Material
Oinvest brokers lag much behind when it comes to providing trading tools to their consumers. They do not offer any specialized indicators to traders for taking a decision. However, necessary tools like stop loss and market limit are still available. Education material available is also very disappointing. Not everyone would be able to understand their educational help. And, most beginners would not even get what's going on in classes. So far, they are offering webinars, seminars, E-books, video tutorials, etc. out which some are little useful. In contrast, others are not worth your time.

4) Ease of Transactions
There is a neutral score from our side for the 'ease of transactions' on Oinvest trading platform. The reason is there was no such unique or innovative service offering which makes them apart from the other brokers. They are also operating what every average broker is using. Thus, we should neither judge them nor appreciate them.
5) Commissions & Charges
There are as such no extra charges for executing a trade on Oinvest. You can easily buy and sell your holding without any additional commission. However, our score went down because of unstable spread charges, inactivity charges, and Oinvest minimum deposit fees. Yes, you will be charged for inactivity in your account. And their spread charges are higher than the market charges, and a minimum of $250 is required to start a trading account.

Pros of Oinvest As A Broker
Oinvest allows traders to trade in a wide range of tradable asset classes. The broker offers CFD trading on a wide range of products including Forex, US Stocks, European Stocks, Australian Stocks, Indices and Commodities.
Customers that are enrolled with oinvest get MetaTrader 4 as their trading platform. Metatrader4 is the world's most influential and user-friendly platform for trading.
Oinvest broker provides Impressive trader education materials to all its customers that can make them into world-class traders. The customers have access to education and research tools such as Vides, Ebooks, Trading Courses and an Economic calendar.

Cons Of Oinvest As A Broker
Oinvest is not listed on Seychelles regulation, but licence certificate is available, which can be seen on the website.
Swap charges that are charged by the broker are much higher than the industry average.
The broker does not accept clients from the USA, European and African regions.

Conclusion

Although Oinvest is behind its competitors, this young and small broker has outperformed many giants too. If we see the growth chart of this one-year-old baby firm, then it indeed is commendable. However, we do not want to influence our audience in any way. Thus, the final decision is up to you. You could, for instance, go for their demo version, if you want to give them a try.

More About the Author

Latest Reviews on top Forex Broker Check out the best Forex Broker reviews in the world. Here's the latest review of the users.

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