OInvest Review

OInvest is a South African MT4 Forex broker, that opened in August 2018. On October 15th 2021, the FSCA withdrew their license. 

They are officially operated by: Habonix Solutions Ltd, HE396742, which is located at: Vyzantiou, 40 1st Floor, Flat/Office 101, Strovolos, 2064, Nicosia, Cyprus. Contact phone number in United Kingdom is: +442035196460. Customer support email is: [email protected].

For complaints and issues with withdrawing your money, look here.

Warning! This Broker is Not Licensed in Malaysia.

Find a Local Broker, Look Here.

OInvest Review

Our review of OInvest shows that clients and investors are given access to the widely used MetaTrader4 Forex trading platform. There is a downloadable software, along with a web based platform, and mobile apps for Android & iOS. You can create multiple demo trading accounts to test out the platform and your trading strategies.

They offer a wide variety of assets to trade including; Forex / Currency pairs, Commodities (oil, gold silver), Indices and CFD’s for shares trading. Standard leverage available is 200:1, and the minimum deposit for a new trading account is R3500.

Scam Trading Apps

You may have seen an infomercial about an investing app, that makes thousands of dollars a day. They go by names like Bitcoin Code, Bitcoin Loophole and more.

Before using a trading robot, you should understand.

1. Automated trading apps are not 100% accurate.
2. Most people lose money when using a algo trading app.
3. CFD brokers are not authorized to give you investing advice.

You should read more about automated trading robots.

OInvest’s License & Regulations

The way that the Scam Broker Investigator checks a new Forex broker to see if they are a scam, is by checking their regulatory status and license. When you see that the broker has a valid license from your local governments financial regulator, you can be sure that they are a legitimate broker.

• OInvest South Africa was licensed by the Financial Sector Conduct Authority, with license number 42020. Officially owned by Basfour 3773 (Proprietary) Limited, they are located at: Mandela Roads Place, Corner Wale Street and Burg Street, Cape Town, 8000 South Africa. Contact phone number in South Africa is: +27 21 518 0099. Official website was: https://www.oinvest.co.za/.
• Outside of South Africa, they are owned by Aronex Corporation Limited, which is located at Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. They are regulated by the FSA Seychelles.

Today there are hundreds of “get rich quick” scams operating online, and most people lose their money. You can see our reviews of popular licensed brokers listed here.

Compare Licensed Brokers

There are so many offshore Forex brokers to compare, and many investors are confused which broker to use. Always test a few different brokers, before making a deposit.

ForTrade is a fast growing broker, that is licensed in Canada, United Kingdom and Australia, look here.

Try a Free Demo of their amazing trading app, signup here.