Oinvest South Africa Review 2021: Oinvest is a leading South African CFD provider operated by the parent company Basfour 3773 (Proprietary) Limited. Serving retail investors since 2019, this online CFD provider has a long history and experience in serving South African residents to the fullest extent.
Oinvest south africa is a fully regulated broker, is having obtained a license from the local regulatory agency Financial Sector Conduct Authority (FSCA) formerly known as the FSB. The information about all FSCA regulated brokers can be found directly on the FSCA website. Oinvest operates under the FSP license number 42020 and complies with the high standards imposed by the FSCA.
No, Oinvest is not a scam. It is a safe platform to invest with. The authentic South African regulatory authority, the Financial Sector Conduct Authority (FSCA), regulates the broker. It keeps a close watch on activities of the broker and warns them or can cancel a licence if they find the broker’s involvement in the scam.
A trusted broker will contact you today.
The broker offers three different types of the retail account, named gold account, silver account, and platinum account. Along with this, it puts up a professional account, Islamic trading account, and demo or virtual trading account.
These accounts provide investors with personalised leverage and spread concerning the size of investments and level of activity. The benefits for each account are listed in the table provided below:
The process for opening a trading account with the broker is simple. It requires three simple steps.
1) Visit the site of Oinvest. Get yourself registered by entering details such as name, surname, profession, email ID, and phone number for OTP verification.
2) Upload the documents. Keep these documents scanned beforehand:
1. Proof of identification: Latest scanned passport (in jpg or pdf format). If the passport is not available or expired, you can upload any document which contains your photo such as a driving licence and national ID card.
2. Address proof: Bank statement and utility bill (not older than the past six months). Also, ensure that your physical address and name is clearly visible
1) Forex or currency trading through complex financial derivatives
Oinvest provides a wide range of currency pairs to enhance the trading portfolio. They offer more than 50 forex pairs to serve the purpose.
2) Commodity trading through complex financial derivatives
The broker provides trading on the world’s leading commodities, including gold, coffee, oil, and several others. It further provides traders with an easy way to begin commodity trading.
3) Indices trading through complex financial derivatives
The financial service provider offers trading on leading and popular indices across the globe including, the USA, Asia and Europe.
4) Stock trading through complex financial derivatives
The broker has made it easy for investors to trade with the most famous stocks through CFDs. It covers a wide range of top international firms.
Trading with the broker is absolutely commission-free. However, traders have to pay swaps and spread charges. The broker also allows certain discounts on the swap charges.
|Inactivity fees||Need to pay|
|Withdrawal and deposit fees||None|
|Deposit and withdrawal||No charges applied|
|Overnight financing fee||Some charges|
The leverage offered on various markets and assets are listed in the table below:
|Silver and gold||1:50||1:100||1:125|
|Stocks / Equities||1:20||1:40||1:50|
The financial service provider allows its customers to withdraw and deposit funds using several payment methods. These methods include:
Deposits request proceeds instantly, whereas withdrawals take about three to five business days to proceed. For withdrawals, traders require to fill the withdrawal form given on the website of the broker.
Web Trader is a web-based online trading platform. It offers investors complete access to financial market data from any device with a mandatory internet connection. Using the broker’s Web Trader, clients can trade quickly and can also control their investments. The analytical tools present in the platform allows traders to make a thoughtful and quick decision. Along with this, investors also get access to all the market information they need.
Key features provided by the WebTrader platform
MetaTrader 4 or in short MT 4 is one of the globally accepted and top downloadable online trading platforms. It makes trading instant and simple with its powerful trading features which put investors in control. Investors can manage their trading positions, close open positions, analyse market trends and prices, and can place trades instantly.
Key features provided by MetaTrader 4:
The mobile app provided by the broker works well with two biggest mobile platforms, Android and iOS. It has all the functionalities and features which traders get on the desktop trading platform.
Key features provided by Mobile apps:
Oinvest has a dedicated customer support team to answer trader’s queries, available from Monday to Friday between 5 AM to 5 PM. Apart from the telephonic query, you can also raise your concern through email, query form (available on the website of the book), and live chat options.
Headquarter: Suite 302, Third Floor, Ridge 6, 20 Ncondo Place, Ridgeside, Umhlanga, 4319, South Africa
Phone: +27 108806194
Learning is a never-ending process. Keeping this in mind, the broker has designed various educational courses for both beginner and experienced traders. It contains important financial market concepts such as how to start financial trading, how MetaTrader 4 works, technical and fundamental indicators, and their importance while trading.
The research tools available with the broker are:
Oinvest is a safe brokerage firm working under the guidelines of an authentic local regulatory authority, the Financial Sector Conduct Authority (FSCA). It allows South African traders and investors to trade on a wide range of assets at affordable rates, tight spreads, and good leverage.
The broker also ensures the security of personal information, trading accounts, and transactions. It employs various safeguard tools such as strict firewall protection and SSL encryption to serve the purpose.
Yes, The broker is highly regulated and authorised by the FSCA. It is the safest trading venture.
The minimum deposit is $250
yes the broker offers advanced trading platform MT4