Why not try XM
XM Broker Review
Why not try XM
XM Broker Review
|Minimum deposit:||€215 EUR|
|Withdrawal fee amount:|
|Inactivity fee charged (Y/N):||N|
|Number of instruments:|
|Time to open account:|
|Demo account provided (Y/N):||Y|
|Countries of regulation:|
ROinvesting is a new entrant in the broker space and looks well-equipped to forge a position for itself. Founded in 2017 the firm has developed an agile trading platform which meets the demands of desktop trading but also comes with a fresh take on mobile trading. The service is best described as a mixture of ‘tried and tested’ blended with ‘new and exciting’ features.
ROinvesting is based in Cyprus and has addressed the important issue of regulatory compliance by gaining a license from the well-respected regulator CySec. The firm is particularly hot on Operational and Tech security and has already picked up industry awards for its Customer Service. The broker has invested in its platform to the extent that traders of all degrees of experience might want to give it a try. Both beginner and more advanced traders would benefit from getting an understanding of the offering which is pretty impressive in its own right but also gives an indication of the latest trends coming into the broker space.
There are three main account types as ROinvestring, silver, gold and platinum. The T’s&C’s vary according to account type but some of the spreads are particularly tight emphasising the point that ROinvesting is set up to offer traders just what they need to work the markets.
The site provides a live update on spreads and they do change but the below is an indication of what is on offer. Standard account rates look something like the below.
ROinvesting claim to offer trading in over 10,000 spread trading & CFD markets. Their coverage is global and markets provided in CFD form include Forex, stocks, commodities and gold and silver. The trading interface is based off MetaTrader’s well-renowned MT4 platform which is available to clients in downloadable or web trader format.
MT4 is the most widely used retail platform in the world. It’s been fine-tuned by millions of hours of use and provides a robust and sensitive trading experience.
The mobile trading experience is especially user friendly. The ROinvesting app has a clean aesthetic which provides access to the markets, allows for position management and other administrative tasks such as withdrawals and deposits. The trade execution functionality was ideal for trading on the move, concise, exact and reliable.
Clients also have the option of trading through the MetaTrader app which is also available on both iTunes and Android
ROinvesting is relatively new to the broker space and may be looking to expand its research offering at some point but for now the in-house offering of resources in this category are limited. They do provide a News section offering Daily Reviews, Report Season and Announcements materials. There isn’t an extensive range of information but what is there is presented as a mixture of written and video formats.
MetaTraders distinctive mix of articles, ideas and a Trader’s Forum is a tool made more useful by the fact that the MQL5 community is so large.
Whilst ROinvesting may not have a team of established analysts, by providing access to MetaTrader MT4 the broker is opening the door for its clients to explore the almost unlimited world of MQL5.
The ROinvesting platform and trading experience are purposefully designed to be robust and effective. Choosing MT4 as a platform ensures that clients are using software which has been tested to destruction by live trading. The functionality of the administrative area of the ROinvesting site also appears designed to raise a minimal amount of gremlins.
As a result ROinvesting have scaled back on their customer service offering. There is a toll free number for urgent queries, the customer support team is available from Monday to Sunday between 08:00-22:00. We also found the toll free number had some technical issues during our testing but quickly switched to the alternative numbers +800 50026003 for Cyprus, and +44 2039364444 for the UK which worked fine. Email is available for lengthier queries but response times to these are about 24 hours. Live chat is also available throughout the site.
The queries raised with the customer support team were dealt with very professionally. Over 95% of queries were resolved during our first interaction and it’s clear to see why the firm has been recognised in the form of industry awards for the quality of its support team.
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