Oinvest — Forex Broker Review 2019

Oinvest is a leading online broker in South Africa. In addition to its wide-ranging trading offering, it is known for its secure portals and professional support team. Investors and traders can engage in CFD trading via various trading platforms, including the powerful MetaTrader 4. These platforms let South African investors access their accounts and monitor trades from their mobile devices, as well as online and via the web.

Regulation and Security

Owned and operated by Basfour 3773 PTY Ltd, Oinvest is registered in South Africa with FSCA (FSP number: 42020). The regulator sets forth standards that ensure that traders receive a fair, safe, and transparent investing experience and thus the company is bound by certain guidelines and principles.  For example, customer monies are help separately from that of the broker. To prevent hacking and cyberattacks, the company employs strict firewalls, dedicated data servers and encrypted transactions.

Spreads and Leverage

One of the things that makes Oinvest so popular is its wide choice of investment vehicles. There are CFDS on Forex, Cryptocurrencies, Commodities, and Indices as well as stock shares on many of the top public companies such as Amazon, Loreal, Fiat, Google, Lockheed, Barclays, Apple, ABB, Facebook, Tesla and Tesco. Spreads are kept low, with, for example, 0.9 pips on EURGBP, 0.7 pips on EUR/USD and 0.8 on USDJPY. Currency pairs include majors such as EURUSD and AUDUSD, as well as minors and exotic currency pairs including EURZAR, USDINR, and USDZAR.

For customers taking part in Indices and Commodities trading, spreads come in as low as 0.0007 and cryptocurrencies trading, enjoys a floating spread. Top crypto pairs include BTCUSD, BTCGBP, NEOUSD, and ETHEUR.

For traders who qualify, leverage is available up to 1:500. Many investors choose to trade with leverage to go farther than their own funds can take them.     

Trading Platforms

In addition to MetaTrader 4, traders have access to portals on the web (WebTrader) and on their mobile phones or tablets for both iOS and Android. WebTrader is a fantastic choice for those who prefer not to download and install software onto their machines, and of course the mobile options can be downloaded from the App stores and make trading on the fly super easy.  

Accounts, Customer Service and Payments

Oinvest accepts a nice range of funding methods, many of which can be used for withdrawing funds as well. For anyone interested in testing the site and its offering, a demo option exists. It is a good way to explore the software and company as well as your preferred trading style.  A rich Education Center is chockfull of learning tools.

The customer service department is made up of a professional team of service providers answering questions and concerns via phone and email. 

Contact Details

  • Telephone: +27 21 518 0099 (South Africa), +44 203 966 2929 (United Kingdom).
  • Email: support@oinvests.co.za
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Regulation: FSCA

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