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OINVEST

South Africa|2-5 years|
Suspicious Scope of Business|High potential risk|

https://lp-oinvest.co.za/

Website

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https://lp-oinvest.co.za/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Basfour 3773 (PTY) LTD

Abbreviation

OINVEST

Platform registered country and region

South Africa

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-16
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

OINVEST · WikiFX Survey

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OINVEST · Company Summary

OINVEST Basic Information
Company Name OINVEST
Headquarters South Africa
Regulations Not regulated
Tradable Assets Indices, stocks, forex, commodity, cryptocurrency, metals
Trading Platforms R1Investing trading platform
Trading Tools Forex margin calculator
Customer Support Email (r1investing.com@gmail.com)
Education Resources Courses and articles

Overview of OINVEST

OINVEST, established in South Africa, functions as an online trading platform aimed at offering traders access to an extensive array of financial instruments. Utilizing the R1Investing trading platform, traders can participate in trading various assets such as indices, stocks, forex, commodities, cryptocurrencies, and metals. It's important to highlight that OINVEST operates independently, without regulatory oversight, which may pose potential risks related to trading in an unregulated environment.

Overview of OINVEST

Is OINVEST Legit?

OINVEST is not regulated. It's worth emphasizing that this broker lacks valid regulation, implying operation without oversight from established financial regulatory bodies. Traders must proceed with caution and acknowledge the inherent risks associated with trading through an unregulated broker like OINVEST. These risks may include limited recourse for dispute resolution, potential concerns regarding fund safety and security, and a lack of transparency in the broker's operations. It's prudent for traders to conduct thorough research and assess a broker's regulatory status before engaging in trading activities to promote a safer and more secure trading environment.

Is OINVEST Legit?

Pros and Cons

OINVEST offers a diverse range of trading instruments, enabling traders to access various markets and opportunities. The platform provides essential trading tools to support traders in their decision-making process. However, it's crucial to note that OINVEST operates without regulatory oversight, which may expose traders to potential risks. Additionally, the limited customer support options, primarily through email, may hinder timely assistance for traders. Furthermore, the lack of transparency regarding company policies and procedures raises concerns about accountability and trustworthiness. Unclear information on account types and payment methods further complicates the trading experience, potentially causing frustration and uncertainty for traders.

Pros Cons
  • Diverse range of trading instruments
  • Operates without regulatory oversight, potentially exposing traders to risks
  • Provides trading tools
  • Limited customer support options, primarily through email
  • Lack of transparency regarding company policies and procedures
  • Unclear information on account types, payment methods

Trading Instruments

OINVEST provides a diverse range of trading instruments catering to various investment preferences. These include:

  • Indices: Trade on the price movements of national American, European, and Asian indices, covering a wide array of industries. Popular indices such as Nasdaq, Nikkei, FTSE 100, S&P 500, and DAX are available for speculation.

  • Stocks: Engage in trading activities involving both established companies and emerging startups. From tech giants like Netflix, Apple, Google, and Microsoft to local businesses, OINVEST offers opportunities to capitalize on stock price fluctuations.

  • Forex: Take advantage of price fluctuations in major, minor, and exotic currency pairs. Enjoy competitive spreads and flexible leverage options while speculating on pairs like USD/EUR, JPY/NZD, and more.

  • Commodity: Utilize CFD trading to participate in the commodity market, including silver, gold, platinum, sugar, soy, crude oil, and natural gas. Seize opportunities based on shifts in commodity supply and demand dynamics.

  • Cryptocurrency: Engage in round-the-clock CFD trading of digital coins like Bitcoin, Litecoin, and Ethereum. Benefit from the dynamic nature of the cryptocurrency market that operates non-stop.

  • Metals: Explore trading opportunities in precious metals such as silver, gold, and platinum.

Trading Instruments

Trading Platforms

R1Investing employs cutting-edge trading platforms to elevate traders' experiences in the financial markets. With the ability to place market orders, open trades, and utilize over 30 analytical instruments, traders can make informed decisions. Additionally, they can leverage multiple chart windows to compare various assets seamlessly. Trade signals are accessible through R1Investing's technologically advanced webtrader and mobile platforms.

Trading Platforms

Trading Tools

OINVEST provides the forex margin calculator, a tool designed to simplify margin requirement calculations for forex trades. Traders can input their account balance, leverage, and desired trade size into the calculator. Instantly, it calculates the required margin for trade.

Trading Tools

Educational Resources

OINVEST offers a range of educational resources to empower traders at every level of expertise. From foundational courses to informative articles, these resources equip traders with the knowledge and insights needed to navigate the financial markets successfully.

Courses:

  1. CFD Trading Basics: Unravel the mysteries of CFD trading, covering essential terms like CFD, margin, and pips. Learn the mechanics of going long and short, as well as buying and selling assets, laying a firm foundation for confident market entry.

  2. CFD Markets: Explore a comprehensive study of various CFD trading markets, including Forex, stocks, indices, commodities, cryptocurrencies, and metals. Understand business lifecycles, market forces, and specific trading strategies tailored to each market.

  3. Markets Analysis: Enhance your market analysis skills from basic to proficient levels. Learn to utilize analytical tools effectively and confidently trade over 350 assets.

  4. Advanced Trading Techniques: Elevate your trading skills with an in-depth course on analyzing, interpreting, and identifying trading opportunities. Create and apply individual trading strategies using advanced instruments like technical analysis, support and resistance.

Articles: Access a wide range of articles covering commodities, cryptocurrencies, forex, stocks, indices, and trading strategies. Gain insights into market trends, analysis, and investment opportunities.

Educational Resources

Customer Support

OINVEST's support team is available Monday to Friday from 08:00 - 17:00 GMT. Feel free to send a message through the contact form below or via email at r1investing.com@gmail.com.

Customer Support

Conclusion

In conclusion, OINVEST offers a wide range of trading instruments and account types, supported by popular trading platforms, fostering flexibility for traders. However, the absence of regulatory oversight poses risks, and limited email support may hinder timely assistance. Additionally, transparency issues with company policies and unclear information on accounts and payments may complicate the trading experience. Traders should proceed cautiously, conducting thorough research to mitigate risks and ensure a safer trading journey with OINVEST.

FAQs

Q: Is OINVEST regulated?

A: No, OINVEST operates without regulation, meaning it lacks oversight from recognized financial regulatory authorities.

Q: What trading instruments are available on OINVEST?

A: OINVEST offers a range of trading instruments, including indices, stocks, forex, commodities, cryptocurrencies, and metals.

Q: How can I contact OINVEST's customer support?

A: You can reach OINVEST's customer support primarily through email at support@oinvest.com.

Q: What educational resources does OINVEST offer?

A: OINVEST offers a variety of educational resources to empower traders at every level of expertise. From foundational courses to informative articles, these resources equip traders with the knowledge and insights needed to navigate the financial markets successfully.

Risk Warning

Trading online carries inherent risks, and there's a possibility of losing your entire invested capital. It's important to recognize that online trading may not be suitable for all traders or investors. It's imperative to thoroughly understand the risks involved before engaging in any trading activity. Additionally, please note that the information provided in this review may be subject to change due to updates in the company's services and policies. The date of this review's generation is also worth considering, as information may have evolved since then. Therefore, readers are strongly advised to verify updated information directly with the company before making any decisions or taking action. Ultimately, the responsibility for the use of the information provided in this review lies solely with the reader.

News

FSCA Withdrew The License of Basfour

NewsFSCA Withdrew The License of Basfour

2022-11-10 17:24

The Financial Sector Conduct Authority (FSCA) has revoked Basfour 3773 (Pty) Ltd's FSP license for operating under the name Oinvest (FSP 42020), prohibited Jane Engelbrecht, the company's sole director, for a period of ten years, and assessed Basfour an administrative fine of R 58,608,810 against it.

WikiFX
2022-11-10 17:24
News
FSCA Withdrew The License of Basfour
WikiFX report: FSCA withdraws the license of Basfour 3773 (Pty) Ltd t/a Oinvest (FSP 42020)

NewsWikiFX report: FSCA withdraws the license of Basfour 3773 (Pty) Ltd t/a Oinvest (FSP 42020)

2022-04-22 15:37

The Financial Sector Conduct Authority (FSCA) has withdrawn the FSP license of Basfour 3773 (Pty) Ltd trading as Oinvest (FSP 42020), debarred Ms. Jane Engelbrecht who is the sole director, Key Individual (KI) and a representative of Basfour, for a period of 10 years and imposed an administrative penalty of R 58 608 810 on Basfour.

WikiFX
2022-04-22 15:37
News
WikiFX report: FSCA withdraws the license of Basfour 3773 (Pty) Ltd t/a Oinvest (FSP 42020)

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