Oinvest withdrawal

1) living annuity: living annuity income withdrawals attract income tax at each investor’s personal marginal income tax rate.

No deposit forex bonuses

The higher the income amount withdrawn from a living annuity, the higher the marginal income tax rate that applies. Living annuity assets do not attract any dividends, interest or capital gains tax (CGT). Scenario two

How will I be taxed on unit trust withdrawals?

When I retire, I plan to take R500 000 as a lump sum and place the remainder of my retirement savings in a living annuity from which income will be drawn. I would like to know what the tax implications will be in the following two scenarios:

1) investing the lump sum either in a unit trust until I need the funds, or part of it, and then making a withdrawal;

2) investing it in a unit trust but making a monthly withdrawal from it (this will therefore be in addition to my income drawn from the living annuity).

Scenario one

Withdraw R500 000 (presumably tax free) and reinvest the remainder of your retirement capital in a living annuity. Living expenses are funded purely from the living annuity, keeping aside the R500 000 for ad hoc lump sum capital withdrawals.

1) living annuity: living annuity income withdrawals attract income tax at each investor’s personal marginal income tax rate. The higher the income amount withdrawn from a living annuity, the higher the marginal income tax rate that applies. Living annuity assets do not attract any dividends, interest or capital gains tax (CGT).

2) discretionary unit trust: dividend receipts are taxed at 20%. Interest receipts are taxed at marginal income tax rates (first R23 800 interest is exempt). Investment withdrawals trigger capital gains (or losses), which could cause a tax liability for the investor. Investors enjoy a R40 000 per tax year ‘capital gains’ exemption.

Any gains greater than this exemption are included in the investor’s taxable income against their personal marginal tax rates (inclusion rate = 40% for individuals). Local unit trust investments generally attract dividend and interest taxes while invested and CGT, if applicable, on withdrawal.

Scenario two

Withdraw R500 000 and reinvest the remainder in a living annuity. Living expenses are dual funded from the living annuity and the R500 000 lump sum on a monthly basis.

A) living annuity: living expenses are funded from both the living annuity and discretionary unit trust investment. This would imply that a smaller monthly amount is taken from the living annuity, resulting in a lower income tax liability (as explained above).

B) discretionary unit trust: dividend receipts are taxed at 20%. Interest receipts are taxed at marginal income tax rates (first R23 800 interest is exempt). Reducing the overall income tax rate by lowering the taxable income withdrawal amounts from the living annuity effectively also reduces the rate against which capital gains (after exemption) will be taxed. Apart from reducing the overall income tax rate, applying the R40 000 CGT exemption each tax year (compared with ad hoc – for example, every second or third year), further reduces the actual amount CGT payable.

I am all for optimising a post-retirement investment tax strategy, but it is much more important to manage both your living annuity and lump sum investments in such a manner that neither runs out of capital prematurely. This requires a proper post-retirement projection to illustrate the impact of income withdrawals from each of these investments.

Oinvest

Oinvest review

Oinvest is a newly launched CFD broker that offers leveraged trading on currencies, cryptocurrencies, stocks, indices, and commodities. According to the website footer, the broker is operated by aronex corporation limited, a seychelles-based company regulated by the seychelles financial services authority (FSA), license number SD014. Payment processing is provided by habonix solutions ltd, a cyprus based company, on behalf of aronex corporation limited.

According to outside sources, the broker is owned and operated by BASFOUR 3773 (PTY) LTD, a cape town based company, regulated by the southern african financial sector conduct authority (FSCA), with FSP number 42020.

Editor’s note: why oinvest sucks in 50 words

The brokerage has a limited area of operations, meaning they don’t accept clients from europe, russia or the US. This is a bit weird considering that one of the two operating companies is located in cyprus and the other in seychelles. The supported region is apparently africa but they don’t specifically mention the jurisdictions they serve.

Why oinvest doesn’t suck in 50 words

Because this broker doesn’t accept clients from europe, they don’t have to comply with ESMA regulations, so the maximum leverage goes as high as 1:400. This is great for people who like to risk more for the chance to profit more, assuming they come from a part of the world that’s supported by oinvest.

Is oinvest A scam

The general internet vibe surrounding this broker is positive. Maybe a bit too positive if you ask me because most of the users who reviewed oinvest gave them 5 stars and very positive feedback. Of course, we are not saying they are a scam just because they have positive reviews, but as we know, even the best brokers suck sometimes and it’s surprising to see one with almost no negative reviews.

Then there’s the fact that on their website they list aronex corporation limited as the operating company but we also found BASFOUR 3773 (PTY) LTD to be the owner. Nothing wrong with that but we would like to see a bit more transparency about who owns what. Again, this doesn’t make oinvest a scam, but basic information should always be provided.

Should I open an account with oinvest?

The broker is fairly new (launched in the second part of 2018) but BASFOUR 3773 (PTY) LTD is a regulated company and the same is stated about aronex corporation limited although we couldn’t locate their license on the regulator’s official website. The platform used is the most popular one at the moment – meta trader 4 – in all its forms: downloadable desktop client, web-based application (webtrader) and mobile versions for ios and android.

The account structure is silver, gold, and platinum but unfortunately, the minimum deposits are not specified, which is a let-down and again shows that oinvest is missing basic information. The main perks for a higher tier account are lower spreads (as low as 0.7 pips for a platinum account) and higher leverage (1:400 for platinum) but this doesn’t say much as long as the required deposit remains unknown. If they ask for tens of thousands of bucks to get a platinum account, it’s a hard pass for me and for most people I assume.

Education is composed of some meta trader tutorials (which is good if you are unfamiliar with this platform), e-books and VOD (video on demand) provided by MTE-media. As a note, a very large number of brokers offer this type of video from MTE-media, so the content tends to be the same or very similar to all of them.

As a whole, oinvest doesn’t seem like a bad broker but on the other hand, they don’t offer anything out of the ordinary, some information is missing and their regulation is not the strongest. Also, most countries are excluded so, this broker is only an option for residents of south africa.
Aronex corporation limited has a registered office is at suite 3, global village, jivan’s complex, mont fleuri, mahe, seychelles.

BASFOUR 3773 (PTY) LTD is located at suite 302 6 ridge building, 20 ncondo place umhlanga ridgeside, 4319. We have also located the address cape town mandela roads place, corner wale street, and burg street as oinvest’s head office but we cannot confirm. The broker can be contacted at phone +44 1224980670 and email [email protected]

Oinvest complaints

As mentioned prior, oinvest enjoys a good vibe overall, but some of the positive reviews seemed a bit forced, describing the broker almost as the best in all areas. We’ve also located negative reviews, where people complained about long withdrawal periods and account managers asking them to deposit more than they felt comfortable with. Caution is recommended around this broker.

Oinvest withdrawal

The minimum withdrawal is 100 USD but with a weird condition: it applies to the profit as well. To explain, if you deposit 200 USD and make a profit of 30 USD, your initial deposit will be sent to the card used for a deposit but the 30 USD profit cannot be withdrawn until the amount reaches the minimum required (i.E. 100 USD). This seems just a cheap way of keeping your money on the platform!

The processing time is very long, at 7 business days and keep in mind that you will have to wait even longer until the money reaches your account. Fees charged by the payment processor will be paid by the client and oinvest will charge a 50 EUR fee if the client wishes to withdraw when there’s insignificant trading activity (only one trade) on his account.

Oinvest extras

As stated before, this broker doesn’t stand out and doesn’t have any special features, except maybe the weird condition regarding profit withdrawal. The leverage is high at 1:400, considering that most brokers who accept european clients are limited to 1:30 but on the other hand, the number of accepted countries is very small so this high leverage cannot be used by a large number of traders.

Oinvest overall ratings

User friendliness 13/20

The website is only available in english and arabic; information is scarce and even a basic FAQ is missing. Demo accounts are not available (or at least they are not mentioned anywhere), the U.S., european and russian clients are not accepted. A complete list of accepted countries is not present.

Range of markets, spreads and leverage 15/20

The list of assets is huge, with all classes represented well. Oinvest offers cfds on literally hundreds of stocks, indices, commodities, currencies and also a very wide range of crypto pairs. The spread goes as low as 0.7 pips for EUR/USD but this is valid for a platinum account and since the deposit requirement is not specified, we cannot say if this low spread is actually usable for the vast majority of traders. The leverage goes up to 1:400 (again, for the platinum account) but in a different place of their website, oinvest mentions 1:500 so it’s unclear which one you will get. Crypto pairs benefit from 1:2 leverage.

Fees and support 13/20

Inactive accounts will be charged a hefty fee of 80 EUR monthly after 2 months without any trading activity. If the account becomes dormant or inactive, the fee will be applied to the first 2 months as well. Withdrawing without trading more than once will also incur a fee of 50 EUR, otherwise, the client will have to pay only the bank or payment provider fees. Support is available via live chat, phone, and email.

Deposits and withdrawals 13/20

The minimum deposit is not specified; the minimum withdrawal is 100 USD and if the client wishes to withdraw profits, he/she will have to meet the minimum amount. The methods are visa, mastercard, skrill, neteller, and wire transfers; the processing time is long at 7 business days for withdrawals (deposit time not specified).

Extras 13/20

High leverage (1:400) is about the only extra worth noting. Other than this, the broker is rather dull and without much out of the ordinary.

OINVEST review

INTRODUCTION

Oinvest is a forex broker based in the seychelles which provides traders with access to global markets and trading platforms which allow for the buying and selling of foreign currencies.

There are various attributes associated with forex brokers; whether they are retail or institutional brokers, amidst numerous others, as there are some differences which can be identified between them.

However, when holistically viewed, these forex brokers provide their traders with access to global markets and more especially, the forex market, 24 hours a day.

Forex brokers provide their services to numerous traders from around the world whether they are individual traders, or retail traders, institutional clients, large businesses such as investment banks, hedge funds, and more.

HISTORY AND HEADQUARTERS OF OINVEST

Oinvest is a broker which is headquartered in the seychelles and which has been in operation since 2019.

Oinvest is what is known as a ‘market maker’ broker which means that they are eligible to provide both sell and buy quotes through their system to their clients. The broker, or company, has the ability to fill all client orders in addition to being indifferent to the trader’s decisions.

Oinvest has grown to exponential heights since its inception with continuous growth still in progress. Even though oinvest is a market maker brokerage, it still offers some ultra-tight spreads and a high leverage ratio.

AWARDS AND RECOGNITION

When it comes to deciding what broker to choose, a trader has to look at the broker’s stability and their reputation over the years. Awards gained by a brokerage by esteemed organisations do provide much more confidence in the world of forex.

Oinvest has accumulated numerous industry awards over the years, since its inception, in honour of its outstanding brokering services.

OINVEST ACCOUNTS

A forex account which is held by trader is normally given by the broker with the sole purpose of trading different currencies and market instruments.

Usually the number and type of accounts that a trader can open with a broker company differs according to the broker or country in which they operate.

Normally the country of residence of the broker would provide the regulation authorities which they would fall under.

OINVEST TYPES OF ACCOUNTS AND FEATURES

Oinvest offers its clients 3 account types depending on their level of experience:

Silver account – this account was designed for beginner traders. It offers a maximum leverage ratio of 200:1, spreads that begin at 2 pips, and asks for no minimum deposit.

Gold account – this account type was designed with traders who have a bit more experience. It offers a maximum leverage ratio of 400:1, spreads that begin at 1.3 pips, and asks a minimum deposit of 250 USD.

You also receive a dedicated account manager and a swap discount of 25%

Platinum account – this account type was designed specifically for expert traders. It offers a maximum leverage ratio of 400:1, spreads that begin at 0.7 pips, and asks for a minimum deposit of 250 USD.

With is account you get a free VPS service and a swap discount of 50%

AWARDS AND RECOGNITION

In 2011, the plus500 trading app was rated the highest on apple’s app store and although there is no indication on the website pertaining to awards that plus500 may have won in its time of operation, it is highly rated and recognized worldwide.

Plus500 sponsored club atletico de madrid as the 2013 to 2014 “la liga” champions in addition to the 2016 to 2018 champions league finalists.

There was also a significant sponsorship deal which the plus500 group signed with the “plus500 brumbies” during the 2017 super rugby australian conference champions and this partnership carried over to 2019 as well.

DEPOSITS AND WITHDRAWALS

When you have an account with a forex broker, you will find that each company offers different ways to make deposits and withdrawals. Oinvest offers the following methods for both deposit and withdrawal:

Visa

Mastercard/ maestro

Skrill

Neteller

V pay

Wire transfer

COSTS AND FEES, COMMISSIONS AND SPREADS

Each broker charges their own costs which entails commissions, spreads and margins. Traders should be aware of exactly what their broker’s fees will involve before making the decision to trade with them.

The following describes what exactly a spread, margin and commissions are: the spread of a currency pair is the variance between the bid and the ask rate.

A pip represents the smallest increment that an exchange rate can move. One pip is 0.01 for currency pairs with JPY as the term currency and 0.0001 for all other pairs.

A margin means that it is the amount of money essential in your account in order to open a place. Margin is planned based on the current price of the base currency against USD, the size (volume) of the position and the leverage applied to your trading account.

The commissions are the costs levied by the broker on a client for making trades on the client’s behalf. The level of commissions will differ between various brokers and it will also depend on the different kinds of services, accounts and trades done by the brokers.

There is, however, execution-only brokers which are not involved with any direct personal investment guidance. These brokers charge much less commissions, but the traders have to take complete control over how they trade the markets.

Contract for differences (cfds) trading is a method of an offshoot trading that allows traders to gamble on the rising or falling prices of fast-moving global financial markets. Traders should note that this type of trading of shares incurs commission.

CFD trades on different markets have no commissions but instead involve a spread around the market price of a certain instrument.

With oinvest, traders have access to around 50 forex pairs which can be traded through each of the accounts that this broker offers.

These accounts offer floating spreads which range from 0.7 pips in the platinum account for EUR/USD to 3.1 pips in the silver account for NZD/USD. Oinvest does not charge any other commission per trade.

LEVERAGE

A leverage is the ability that will enable a trader to gain a greater exposure to the market than the sum a trader deposited to begin a trade. Leveraged products increase a trader’s prospective revenue – yet also create a risk for loss.

The sum of leverage is conveyed as a ratio, for instance 50:1, 100:1, or 500:1. For example, if a trader has US dollar 1,000 in his trading account and is trading ticket sizes of 500,000 USD/JPY, this leverage will compare to 500:1.

Oinvest offers its clients a maximum leverage ratio of 1:400

BONUSES

To attract new business from traders, forex brokers normally lure them with eye-catching deposit bonuses. For new investors, this can be very handy, but one has to know what to determine is a decent bonus.

A bonus is a way to reward traders for deciding to choose a certain broker, since once the account is opened, the trader will have the same expenses as any other.

The bonus is just a reward for the trader’s choice that gives some of these expenses back to the trader, once proving himself as an active trader.

Furthermore, since 1 august 2018, the european securities and markets authority (ESMA) have placed investor protection measures on the marketing, distribution, or sale of cfds to retail clients.

The purpose of this, is to stop brokers from directly or indirectly providing the retail client with a payment, monetary or excluded non-monetary benefit in relation to the marketing, distribution or sale of a CFD, other than the realised profits on any CFD provided.

There is no information available regarding whether oinvest offers a sign-up or referral bonus at this stage. However, oinvest offers a ‘bonus terms and conditions’ page on their website which indicates that the broker caters for bonuses.

TRADING PLATFORMS, SOFTWARE AND FEATURES

Brokers provide different trading software for their clients. This is referred to as a trading platform as it is used for the execution of trades.

A platform can be multi-asset, which means that it allows clients to not only trade forex but also other asset classes like cfds on stocks, stock indices, precious metals, and cryptocurrencies.

The choice regarding which platform to choose mostly depends on what a client would like to trade, therefore it will be one of the standards when choosing a broker as well.

Oinvest offers its clients the use of metatrader 4 and metatrader 4 mobile which is the most popular trading platform at the moment.

Metatrader 4 desktop and mobile

This is one of the most popular and widely used platforms in the trading industry. Metatrader 4 is known for having a user-friendly interface, excellent educational material, and intuitive research tools that appeal to both beginners and advanced traders.

Metatrader 4 is compatible with several operating systems such as linux, mac, windows, IOS and android. The platform does not overload your computer, is available in over 30 different languages, and offers the following execution modes:

Instant execution

Execution on request

Execution by market

The platform also offers automated trading by programming with metaquotes’ proprietary MQL5 language and constructing custom indicators.

MARKETS, PRODUCTS AND INSTRUMENTS

Most brokers provide various kinds of market instruments for trading. A new trend that is picking up momentum is trading in cryptocurrencies.

There are numerous cryptocurrencies including:

Bitcoin (BTC) – which is a digital currency with the major market capitalisation and price levels since it began in 2008. It controls 50 per cent of the total crypto market cap.

Ethereum (ETH) is the second major cryptocurrency after bitcoin and provides developers to create smart contracts on a platform.

Litecoin (LTC) which is similar to bitcoin but varies in terms of scalability. Litecoin is also an extremely popular altcoin and LTCUSD is a fork of bitcoin (BTCUSD), copied from bitcoin’s code and with some changes and launched as new project.

Ripple (RPL) is also popular amongst large banks with the ripple network a next group real-time gross settlement system. It gives a trader instant cross-border fund transactions at exceptionally low costs, and

Bitcoin cash (BCH) was produced by the bitcoin hard fork in 2017 as a new form of the block chain with altered rules.

Other market instruments consist of commodity markets which offer different asset opportunities for traders. Investing in contract-based tradable goods is a dependable way to alleviate risk during times of inflation or economic uncertainty.

Precious metals are another dependable investment for traders. This consists of the trading in gold and other precious metals which are hard commodities.

Energy products are some of the riskier instruments due to its susceptibility to political and environmental situations. The great supply and demand however of this makes it a popular trading choice.

Conventional trading is known as forex trading, also named currency or FX trading. Forex trading involves the monetary exchange market where individuals, companies and financial institutions exchange currencies for one another at fluctuating rates.

Lastly, there are equity, or stock, indices which are actual stock market indexes. They measure the value of a specific unit of a stock market. They can signify a specific set of the largest companies of a nation or they can represent a specific stock market.

Oinvest gives its clients the ability to trade in over 50 currency pairs including cryptocurrencies, 10 commodities, indices and stock cfds.

SAFETY AND REGULATION

When a broker is regulated by a governing regulatory organisation, the risk is lowered for traders. This will determine if oinvest is safe to trade with.

Oinvest is strictly regulated by the financial services authority, or FSA, in seychelles with the license number SD014. In addition, oinvest is a company which is operated by aronex corporation limited.

CUSTOMER SUPPORT

Prospective traders have to be assured that whoever they choose to invest with will give them the required support and assistance whenever and wherever they might need it.

The oinvest customer support team can be reached via telephone, email or live chat to the company’s website, the customer service agents are available five days a week from 10am-8pm GMT

RESEARCH

Would-be traders must do what is possible into the inquiry around theoretical trading before beginning to do it.

Trading with confidence and success depends heavily on knowledge and understanding of the markets. Due to this, research options accessible by brokers form an essential part its features when choosing the right company to trade with.

Unfortunately, oinvest does not offer any of its own exclusive research tools like some of its competitors, however, metatrader 4 provides access to broad technical analysis, easy execution orders and the ability to open trades directly from a built-in tick chart.

EDUCATION AND TRAINING

New clients of oinvest should try to gain as much knowledge possible about what type of trading expertise will be needed to be effective in the world of forex and commodity trading.

Oinvest’s website should provide all the information one needs to gain skills and knowledge to be able to trade successfully with them.

Oinvest offers its clients a good variety of educational material, unfortunately you are only able to access this material if you are an oinvest account holder.

Information is divided into three categories: the basics, next level and learn by asset. In these categories you will find videos, ebooks, tutorials and webinars.

There is also a small selection of courses available for new traders and a few short articles regarding the major themes in the local forex industry.

SUMMARY

In conclusion, oinvest is a company that is on the rise thanks to their low pricing structure and decent variety of trading instruments.

They provide the immensely popular and also powerful metatrader4 platform along with an extensive assortment of educational material, the only drawback being that you have to be an account holder in order to access it.

Choosing a respectable regulation authority such as the FSA means they adhere to strict trading regulations which is a major bonus for a broker which was established within the last year.

DISCLAIMER

Oinvest cautions possible traders that forex and cfds trading constantly carries a high level of risk, thus may not be appropriate for all investors.

Before customers decide to trade the products offered by oinvest, they are recommended to anticipate their investment objectives, financial situation, needs and level of experience carefully before investing money that they cannot afford to lose.

Especially when traders use oinvest’s leveraged accounts, they should make sure to maintain a sufficient level of margin to sustain their positions.

Trading forex/CFD and options on margin and using a higher than necessary leverage can be either beneficial or detrimental to a trader. It is always possible to sustain a loss of some or all of an initial investment.

While oinvest assures traders to make all efforts to fill a trade at the requested price, trading on-line does not necessarily reduce risks associated with currency trading.

Quotes and trades are usually subject to the terms and conditions of a client agreement, which is accessible through the broker’s website.

Potential traders should first acquaint themselves with all these associated risks and seek advice from an independent financial advisor.

Oinvest review 2020

Oinvest summary

Oinvest is a seychelles-based forex broker that was established in 2019. This forex broker provides three different trading accounts that all have access to more than 150 financial instruments. Oinvest is currently regulated by the financial sector conduct authority of south africa (FSCA). In addition, protective measures are taken for client funds, such as the storage of client funds in segregated accounts and operating with top-tier financial institutions.

This oinvest review will offer an insight into the different features that are available with this forex trading broker.

Oinvest main features
��️ established in: 2019	��️ headquarters: seychelles, south africa
⚖️ regulations: FSCA	⚖️ country of regulation: south africa
�� minimum deposit: $200	�� platforms: MT4
�� demo account available: yes	�� leverage: 1:400
�� withdrawal fee amount: $0	�� inactivity fee: yes

Regulated by the financial sector conduct authority of south africa (FSCA)

Storage of client funds in segregated accounts

Operating with top-tier financial institutions

No deposit or withdrawal fee

No commissions charged per trade

Three different trading accounts available based on trading experience

Access to six different financial markets and 150 tradable products

Different means of communication available

Demo account offered

Customer service not available 24\7

Limited duration of 30 days for active demo account

Limited range of account base currencies

Inactivity fee required

Background

Oinvest is a forex broker that was founded in seychelles, in 2019. Despite being a new forex broker, oinvest has expanded rapidly and has been awarded several times since its establishment. With more than 10,000 active traders, oinvest has managed to dominate by being a leading forex broker and providing trading opportunities to traders all over the world.

Safety & regulation

Oinvest is currently a forex trading broker that is regulated by the financial sector conduct authority of south africa (FSCA) under the license number SD014. In compliance with the FSCA, oinvest offers the storage of client funds in segregated accounts in top-tier financial institutions.

This oinvest review will provide an in-depth analysis on the protective measures that will be taken by this forex trading broker.

Is oinvest safe?

Oinvest is a regulated forex trading broker that stores client funds in segregated accounts, along with operations with top-tier financial institutions. This forex trading broker offers encryption on all financial transactions as a part of data security protocol.

Regulated by the financial sector conduct authority of south africa (FSCA)

Storage of client funds in segregated accounts

Operating with top-tier financial institutions

Encryption on all transactions as a part of their data security protocol

24/7 security teams and backup systems provided

Regulation

Oinvest is currently a forex trading broker that is regulated by the financial sector conduct authority of south africa (FSCA) under the license number SD014.

Protection

Oinvest offers full encryption on all client transactions as a part of their data security protocol, along with a 24\7 security team and back systems to ensure employee transparency.

Awards

Oinvest was recently awarded the most innovative online broker in southeast asia of 2020 by financial derivatives awards. Additionally, oinvest was rewarded the best CFD broker in asia of 2020 by forex awards.

Oinvest fees

Oinvest does not have any outstanding trading or non-trading fees that you need to worry about. This forex trading broker only charges an inactivity fee of 50USD or its currency equivalent.

This oinvest review will inform you on any trading fees and non-trading fees you need to consider.

No trading fees

Low non-trading fees

No commissions charged

Trading fees

Oinvest does not charge commissions per trade for any of its trading accounts.

Non-trading fees

Oinvest does not charge a deposit or withdrawal fee. However, there is a 50USD inactivity fee that you should consider.

Leverage

The maximum leverage level that oinvest provides to its traders is up to 1:400.

Deposit fees and withdrawal fees
deposit fees	0USD
withdrawal fees	0USD

Oinvest fees compared to competitors
oinvest	blackstone futures	khwezi trade
account fee	no	no	no
inactivity fee	no	no	no
deposit fee	0USD	0USD	0USD
withdrawal fee	0USD	0USD	0USD

Account opening

Oinvest offers three different trading accounts, the silver account, the gold account, and the platinum account. Each trading account provides different spreads, but the spreads are all low and fixed.

This oinvest review will demonstrate how to open an oinvest trading account through a step-by-step guide.

Three different trading accounts available

Fixed spreads

No commission charged

Automated trading available

Fast and digital account opening process

Islamic accounts provided

Minimum deposit

The minimum deposit required from oinvest is 200USD or its currency equivalent.

Oinvest trading accounts

Oinvest provides three trading accounts based on trading experience, which are the gold account, the silver account, and the platinum account. The gold account offers low spreads that start up from 0.07 pips with a minimum lot size of 0.01, and the maximum leverage level is up to 1:200. As for the silver account, the spreads start up from 0.05 pips with a minimum lot size of 0.01, and the maximum leverage level is up to 1:400. The platinum account provides low spreads start up from 0.03 pips with a minimum lot size of 0.01, and the maximum leverage level is up to 1:400.

All three trading accounts do not charge commission on trades and provides islamic accounts. The minimum deposit required for the three trading accounts are 200USD or its currency equivalent. In addition, you will find the execution type is market maker and the three trading accounts provide automated trading.

How to open an oinvest trading account

Step one: fill in your personal information on your online application.

Fill in your personal information on your online application.

Step two: provide your funding information and select your preferred funding method.

Provide your funding information and select your preferred funding method.

Deposit & withdrawal

This oinvest review will provide a list of different funding methods and the different account base currencies available for you, as an active trader.

Account base currencies

Oinvest offers two different types of account base currencies, which are: USD and ZAR.

Deposits

Oinvest deposits are a fast and digital process that requires no effort from the trader. There is no deposit fee and you can select a funding method from the following: electronic payment and bank transfer. You can also choose between the USD and ZAR as an account base currency for your trading account. The deposit process takes up to 1-3 business days, which is a fast process compared to other forex brokers.

No deposit fee

Fast deposit process

Different funding methods

Oinvest deposit options

Bank transfer

Electronic payment

Credit\debit card

Withdrawal

Oinvest withdrawals are a digital process that can be done via bank transfer, credit\debit card and\or electronic payment. You will not have to pay a withdrawal fee, but you have to consider that withdrawals are a slow process that take up to 5-7 business days.

Oinvest withdrawal options

Bank transfer

Electronic payment

Credit\\\\\\\\\\\\\\\\debit card

Trading platforms

There is only one type of trading platform with oinvest, which is the most common trading platform in the world, metatrader4. MT4 is available for any software and any mobile device; it is also suitable for both novice and experienced traders.

This oinvest review will give you insight on the different types of platforms you can access with metatrader4.

Metatrader4

Web trading platform

With metatrader4 web trading platform, you will have the option for 4 pending orders, which are: buy stop, sell stop, buy limit, sell limit. These four pending orders are the most basic and most essential trading orders.

With oinvest MT4 web trading platform, you will not be able to use the two-step login process, since they do not have that option available. However, you will be allowed to analyse your trading history; this includes fee reports, past trades, and trading portfolio.

The oinvest MT4 web trading platform permits the option of being notified via email on any price movements that you are targeting. The email notifications gives you instant notice on any price movements you want to know about.

Allows hedging

Allows scalping

Customizable indicators

Available for windows and mac

User-friendly format

Advanced trading tools available

Desktop trading platform

With metatrader4 desktop trading platform, there are 4 pending options, which are the most basic and also the most important pending orders you will find in any trading platform. These pending orders are: buy stop, sell stop, buy limit, sell limit.

Unfortunately, you cannot find a two-step login process, for additional security. It is up to you to rely on only the initial login process that protects your funds and personal information. However, despite that setback, the oinvest esktop trading platform does allows scalping and hedging.

The oinvest desktop trading platform is available to download on mac and windows, which means that you will receive notifications on your device. You can activate it via your MT4 account, to be notified of any price movements of your choosing.

Downloadable on mac and windows

Customizable indicators

Allows hedging and scalping

Advanced trading tools available

Price alerts and notifications

User-friendly and easy to navigate

Mobile trading platform

With metatrader4 mobile trading platform, you will have the option for 4 pending orders, which are: buy stop, sell stop, buy limit, sell limit. This mobile application is best for traders who like trading on-the-go, not trading in a certain place.

With oinvest MT4 mobile application, you will not have the option of facial recognition or fingerprint recognition as a second login. You will only have the initial login process with your username and password. However, to make up for that, you can always view your performance history; this includes fee reports, past trades, and trading portfolio.

The oinvest MT4 mobile application platform allows you to be alerted through push notifications for any price movements. These push notifications set up on your mobile device allow you to be immediately notified when a price moves in the ideal position for you.

Allows hedging and scalping

Customizable indicators

Easy to navigate

Available for android and ios

Available to trade on-the-go

Advanced trading tools available

Markets & financial instruments

Oinvest offers six different financial markets that will allow you to trade with more than 350 different trading instruments. This oinvest review will list the different financial markets available for you to trade.

With oinvest, you can trade with currency pairs, commodities, precious metals, indices, stocks and shares, and cryptocurrencies. Providing access to the cryptocurrency financial market is a rare quality that cannot be found in most forex brokers.

What oinvest offers
forex currency pairs	precious metals
indices	commodities
stocks and shares	cryptocurrencies

Markets research & trading tools

Trading tools

Oinvest provides three different trading tools that you can find on the MT4 trading platform. The trading tools are: an economic calendar, news feed, and trading signals. You will find that the economic calendar will provide you with data on past and future trading events around the world. The news feed trading tool will offer you live updates on events in the trading and economic world, including events that could affect the financial markets.

Oinvest tools
economic calendar	news feed
trading signals

Economic calendar provides insight on past and future trading events

Newsfeed is updated daily

Trading signals are free

Market research

Oinvest provides market research materials directly from the MT4 trading platform.

Customer service

Oinvest provides a customer support team that is available in several languages. You will find that there are several means of communication, including live chat, emails, and phone support. The customer service team of oinvest provides fast and accurate responses for your inquiries. However, you have to keep in mind that the customer service team of oinvest are not available 24\5.

Available in several languages

Different means of communication

Fast and relevant responses

Means of communication

Client education

Oinvest offers various client education resources that will enhance your trading knowledge and further improve your trading skills. Novice traders will be able to watch webinars and tutorials, participate in online courses, and you can open your own demo account. The demo account is a simulation in real-time and real market conditions for you to understand how this forex broker works without facing financial exposure.

Client education resources

Webinars

VOD

E-books

Tutorials

Online courses

Demo account

How to open a demo account

Step one: fill in your personal information on your online application.

Fill in your personal information on your online application.

Conclusion

Despite being a new forex broker, oinvest has expanded rapidly and has been awarded several times since its establishment. With more than 10,000 active traders, oinvest has managed to dominate by being a leading forex broker and providing trading opportunities to traders all over the world.

Overall, oinvest is a trustworthy forex trading service provider that is worth your time and money to invest with.

Oinvest broker review

Reviewer : justin freeman

Published: 29th october, 2020.

Broker information

Platform info

Platform: metatrader 4

Dealing desk: no

Web based: yes

Mobile trading: yes

Broker services

Regulators: FSCA

Minimum deposit: $250

Leverage: 1:500

US clients: no

Featured forex broker

Avatrade was established in 2006 and is located in dublin, ireland. Offering trading services in over 150 countries with offices located worldwide. Avatrade is a forex broker that is committed to providing a safe trading environment and is fully regulated and licensed in the EU and BVI, with additional regulation in australia, south africa and japan.

The reason we’re saying that oinvest is “south africa’s very own” online brokerage is that the operator cannot even be accessed from other countries, and yes, that includes its website too. It has no interest whatsoever in potential traders from other countries even taking a peek at what it has to offer.

That said, it looks like a decent trading destination at first glance, offering tight variable spreads and more than decent market coverage. That first impression will probably have to do too, since reputation-wise, not much can be gleaned from online chatter in regards to the brokerage.

Regulatory profile

As one would expect from a south african broker, oinvest is licensed and regulated by the country’s FSCA (financial sector conduct authority). Such regulation always levels a bevy of obligations and some financial burden on the regulated entity, and that is exactly the case with oinvest too.

The operator is perfectly transparent in this regard: it features an extended set of documents on its website, covering just about every operational aspect, from the KYC policy to cookies, bonuses and conflict of interest – among others.

The corporate owner of the oinvest brand is a certain basfour3773 (proprietary) ltd. This company is the owner of the above said FSCA license, which bears the number 42020.

Basfour3773 is based at mandela rhodes place, corner wale street and burg street, cape town, 8000, south africa.

Some say that south african regulation is not as prestigious and perhaps not as trust-inspiring as the regulatory coverage of some other financial authorities (such as australia’s ASIC) but given the broker’s exclusive focus on the south african market, what else could one really expect in this regard?

Why would you, the average south african trader, want to open an account with oinvest though?

Despite its exclusive focus, the about us page of the brokerage claims that it is a “global broker online” – rather peculiar wording and claim indeed. What it probably refers to though is the market coverage offered by the broker, which does indeed include a handsome selection of truly global assets and asset classes. Find other forex brokers here

Apparently, more than 350 assets can be traded at oinvest, including the new and exciting asset-class of cryptocurrencies.

Described in a few short numbers, the asset selection offers some 49 FX products, 172 stocks, 18 commodities and 20 indices.

Above and beyond that, the broker features fully segregated trader accounts, professional trading tools, risk management and a very decent selection of capable trading platforms, not to mention an exhaustive education section.

Beginners will be able to take advantage of a number ebooks, ecourses as well as tutorials, webinars and videos of the day.

The supported deposit/withdrawal methods run an impressively wide range as well.

As far as the security of funds is concerned, the broker features fully segregated accounts – as already mentioned above, as well as state of the art encryption for all financial transfers occurring through its services.

Client data can allegedly only be accessed by a limited number of trusted employees of the brokerage.

Oinvest deposits and withdrawals

The methods supported by the broker in this regard cover just about every need a trader may have.

Besides VISA, mastercard and maestro, the broker also accepts skrill, neteller and vpay.

This goes for deposits as well as withdrawals. Withdrawal requests can only be submitted from the official client area of the brokerage.

Oinvest account types

By all accounts, the broker only offers a single real money account type and there is no minimum deposit amount specified anywhere. There is a demo account available, which is valid for 14 days, and the trading conditions are rather hush-hush, though it does look like the maximum allowed leverage is 1:500 and the spreads (on major currency pairs) start from 0.7 pips.

It has to be noted though that these spreads are variable and thus they may turn out to be higher when you actually get down to trading.

Oinvest trading platforms

The broker offers three trading platforms, but it is safe to say that the selection is in fact centered upon the good-old, tried and tested MT4.

The web trader is the most easily-accessible platform though. Those looking to get their start through this platform will be glad to learn that it offers a demo account option, which remains available for 14 days following its launch.

Obviously, the platform also features live charts and analysis, as well as a handy trading cubes perk, which is focused on delivering all the needed information to traders’ fingertips, so they can make lightning-quick decisions and trades.

To make it easy for traders to analyze their performance and to take a look back at their past decisions, the platform offers a visual trends feature too.

MT4, the backbone of the platform offer, can be downloaded freely from the oinvest website.

It comes with its well-known and popular set of features, including a superb charting and analytics-package, scores of time frames and chart types as well as drawing tools.

The freely available version comes with an impressive selection of technical indicators, but the platform always lets traders add more. Those so inclined can even create their own technical indicators.

The same goes for expert advisors, which are indeed the most popular feature of the platform. Eas can trade away automatically, executing the strategies set by traders. These eas work best with a proper VPS service, but whether or not such a service is available at oinvest is unclear.

New eas can be installed as well, and still newer ones can be coded directly through the platform.

The MT4 features touted by the oinvest site are the technical analysis features, as well as the easy execution of orders.

Oinvest education

The education section of the brokerage seems to be very complete and indeed: the pride of the operation.

The VOD (video of the day) section of the broker’s website contains a massive number of well-structured video tutorials, broken up into separate sections for beginners, advanced traders and strategies. There are MT4 tutorials offered as well as a glossary of terms, in video format, no less.

As far as ebooks go, there are 4 on offer, dealing with forex tips, advanced strategies, commodities and futures as well as cfds and stocks.

The tutorials cover metatrader (which is obviously very useful), as well as the various trading tools offered by the broker. Not all of these tutorials are available to all comers though. To access the majority of them, one needs to create an account with the broker.

Commodities and future contracts are also covered in this section.

The ecourses cover a bunch of fundamental trading-related concepts and issues, in a much handier format than the above mentioned videos.

Oinvest conclusion

Oinvest is shaping up as a decent brokerage. There is nothing really special about it though, except for its exclusive focus on south africa.

It is regulated and it offers a decent selection of trading platforms and tradable assets.

Although the site says that the brokerage supports cryptocurrencies, interestingly, the tradable asset index which is available just a click away, does not say anything in this regard.

It is also worth pointing out that for some reason, the site of the broker seems somewhat haphazardly tossed together.

Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.

About the author : justin freeman

Justin has twenty-two years' of experience working in the financial markets with brokers. He's held trading and risk management positions at boutique asset managers and large investment banks. Justin helps people understand their trading options in a clear, jargon-free manner.

Oinvest review - is oinvest.Com a scam or a good forex broker?

RECOMMENDED FOREX BROKERS

Oinvest is a broker that, albeit legitimate has some unsavory clauses in their terms and conditions and some issues surrounding their regulation. We will delve deeper into them, but not before making a small distinction: when we mention oinvest, we mean the broker licensed in the seychelles, whose domain is oinvest.Com. There is another broker with the same name, which we have reviewed before – it is also licensed, but it operates from the domain oinvests.Co.Za as their scope are the south african markets and that is where their license comes from. If you are interested in the south african broker, the relevant review can be found here.

With that out of the way, let’s take a closer look at oinvest:

Is oinvest a legitimate broker?

Yes – oinvest is the property of aronex corporation, a company that holds a license for a CFD broker with the seychelles’ regulatory body, the SFSA. Here is the broker explaining their regulation and who owns them in their own words:

There is another company that takes part in running oinvest – one registered in cyrpus. We need to quickly clarify that this does not mean the broker has a cysec license – they do not offer their services to residents of the EU, so it is not necessary for them to hold one. However, the one they hold, from the seychelles is not as strong of an argument towards investing with them as a license from the EU regulators would be – while brokers in the offshore location have to have over $50 000 to their name, that’s about it. In comparison, cyprus brokers also need to participate in guarantee funds, as well as keep client accounts segregated, comply with a negative balance policy and much more.

To close this segment off, we will show you the license oinvest’s parent company holds, found in the SFSA’s register:

And while it is not the best kind of license, as always – a license is miles ahead of no license.

Can I make money with oinvest?

While trading forex is quite risky, the broker is legitimate. You can realize some profits with them, but that depends on your trading ability. Additionally, there are brokers out there in stronger regulatory environments that will provide better trading conditions.

We need to touch on oinvest’s withdrawal policies, starting with the following fee they charge:

What is considered to be a low trading volume is entirely arbitrary and up to the broker to decide, as it is not clarified anywhere. There is also an unfair clause which prevents the withdrawal of profits under $100:

Why should oinvest tell you that you cannot withdraw your own money? Additionally, bonuses are subject to turnover requirements:

However, this is about all we know on what these requirements are. Who knows if you will actually be let to withdraw your bonus?

Finally, there is a fee targeting inactive accounts, outlined here:

It scales with continuous inactivity, but in general a broker that charges a dormant account fee would take from you in a year what oinvest takes for 61 days of inactivity.

What leverage does oinvest provide?

Oinvest is licensed in the seychelles, which do not impose a cap on the leverage that retail clients can use – so the broker provides up to 1:500. This amount is quite dangerous, because it can lead to staggering losses, as appealing as it might seem. Additionally, most brokers that offer such amounts are unlicensed or scammers and are only looking to attract clients – be careful when you see such an amount, as oinvest is a rare excepion.

What is the minimum deposit with oinvest?

The broker never states that, but its peers can open an account for as low as $10 – a micro account. This is something worth keeping in mind if you invest with oinvest.

What trading platforms does oinvest provide?

Oinvest claims to provide industry giant metatrader 4, an established trading platform with sophisticated automated trading capabilities. They also state that they provide access to a web-based trading platform of their own design. As we are located outside of the scope of the broker’s services, we were unable to make an account and verify that.

Additionally, the spreads that oinvest lists on their website are hardly competitive – they have 2.5 pips listen on their major FX pairs, which is over what is considered to be the average spread – up to 1 pip on pairs like EURUSD

What deposit methods does oinvest accept?

Oinvest accepts credit cards, neteller and skrill – out of them, cards will provide you with a 540 days timeframe to file a chargeback in, which is something worth remembering.

Latest news about oinvest

FXTM a regulated forex broker (regulated by cysec, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

Fxpro is a broker we are particularly keen on: it’s regulated in the UK, offers metatrader 4 (MT4) and ctrader – where the spreads start at 0 pips, level II pricing and full market depth. And the best part? With fxpro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS mastercard is also available for faster deposits and withdrawals.

Fxchoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

Hotforex is a EU regulated broker, offering wide variety of trading accounts, including auto, social and zero spread accounts. The minimum intial deposit for a micro account is only $50 and is combined with 1000:1 leverage - one of the highest in the industry.

Let’s explore if an oinvest scam is a possibility in this review

Starting capital

Extra feature

Gearing up to

Founded in

Licensed by

Software

The forex industry is growing very quickly, so it is no surprise that more and more brokers are popping up left and right, seemingly on a daily basis. Oinvest is seemingly one of such companies, that sort of sprouted into the industry out of nowhere. The company comes from south africa and states, loudly, on its website that it is a global company, providing services to countries all around the world. While this might be true and they do offer their services globally, the issue with the company lies within the fact that they are more of a well known secret rather than a popular forex broker around the world. As a result, some people consider that an oinvest scam is a possibility, but we have many positive things to say about the broker, even if the broker is not good enough to be considered one of the best in the industry.

The website

The first thing you notice, once you get yourself on the website, is the design. When creating the oinvest.Com review we had a number of qualms with the design that we managed to get over in a little bit, after paying a little more attention. The website has a number of qualities that it takes from bigger, better brokers. A simple design with a large homepage showcasing some of the details about the company. Great! Except there are several problems. The first problem is the fact that the company doesn’t really showcase much information on the homepage, other than mentioning the fact that there is a platform to trade on and an educational platform. Oinvest south africa has a terrible navigational menu, designed so simplistically, it would make you not want to navigate through the website at all. But, the good news is the design works in that it allows you to get where you’re going and learn the kind of information you need.

Some might there is not much point to navigation – going through the different parts of the website sometimes feels like a chore that does not provide you with any extra information that could be useful. You end up travelling to one ugly page after another. But, while the information provided on these pages seems very general, it does provide you with enough knowledge about withdrawals, deposits, and other operations you might be interested in conducting with the broker. The thing with oinvest SA is that, despite claiming to be a global company, it does not provide the users with any other language options, other than english and arabic. This is a bad sign, means that the company needs to get to translating for international audiences. We are assuming that the lack of languages beyond english and arabic is because the audience they cater to is relatively small, and not a sign of a lack of professionalism or that oinvest fraud is a possibility.

Account types

Once you have navigated through the website enough, you will discover that the brokerage offers several tiers of account types. These are silver, gold, and platinum. Three tiers are not the worst thing they could be offering, but the way they are offering these things is a little annoying. They specify several things on this page, which is a good thing to see when you are trying to write about the oinvest forex brokerage review. The broker wants you to know several things: the spreads change the higher up in the tier list you go, becoming smaller. This encourages you to want to become a high tier user, as it should. The leverage also gets much higher as you go up the tier list – from 1:200 from the lowest tier to 1:400 at the highest.

This seems to be a way to encourage newcomers to the platform to invest a lot of money. The problem is, they do not specify how much money you need to invest to become a high tier trader. They simply say that with higher time and resources invested, you go up the tiers. This information can be easily gathered by simply getting in touch with the broker through their customer service email or phone number, or just by sending a message through the oinvest FX brokerage website.

Oinvest bonus

The broker also offers a number of bonuses, while the bonus terms that the company offers can be easily found on the website. The broker does not seem to be offering any kind of bonuses at the time. Although the wording we found in their terms and conditions is enough evidence to say that they do indeed provide bonus offers to their users. We spent some time looking at and exploring the bonus terms that oinvest offers. The broker specifies, at one point in their terms, that for every 10 US dollars of a bonus they offer, the broker specifies the exact multiplier of the bonus amount of money that the trader would have to trade in order to be able to claim it. This type of honesty and transparency is highly appreciated. It is very unlikely that anyone who signs up for a $10 bonus will not be aware of the information, but we still encourage to get to know the terms, especially the 90-day limit (which they impose) of time the trader has to trade the money within in order to be able to claim it, from when the bonus is received. Just a way for the company to get more trust from us.

Regulation

One of the most important qualities of a broker is whether they have a license to operate within the borders of their country (or countries) that they are claiming to be operating within. The question of is oinvest legit is answered by their claims that they are licensed by the FSCA. We decided to double-check – is oinvest FSCA regulated? We took the license number the company claims to be operating with, the name of their parent company and the oinvest name and travelled to the FSCA online resource. There we used all three to search for a related license, and we found the license of the company, which is the permission to operate within the country and offer their services to international traders as well. As a result, we have concluded, that the company is regulated by the FSCA and is trustworthy. Which we are going to use as another reason for you to want to trade with the broker.

Conclusion

Just from exploring the details about the company, as well as the general information about them in terms of their qualities, their reputation in the industry and so on, give us the right to say that the company is legit. Is oinvewst trustworthy? Yes, they are, and we recommend them over many of the brokers that you might see on the internet. Just make sure you pay attention to the bonuses you are getting and the trading you do, and you should be fine.

So, let's see, what we have: local unit trusts generally attract dividend and interest taxes and possibly capital gains tax on withdrawal. At oinvest withdrawal