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Oinvest Account Types

Oinvest Account Types

 

 

 

Overall Rating

4.4/5

Rated #259 of
Recommended FX Brokers

💰Minimum Deposit

USD 250

🌐 Regulators

FSCA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Oinvest provides three different account types e.g., Silver Account, Gold Account, and Platinum Account. Each account type has its own set of conditions for commission, margin call, and leverage, and minimum deposits.

Finding a reputable list about Oinvest account types local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth account types Review regarding this regulated Forex company, which will assist traders to make an informed decision when it comes to the various Forex trading accounts made available.

 

Oinvest Overview

 

Oinvest is a Seychelles-based Market Maker broker which has been in operation since 2019 and has regulation through FSA. Oinvest offers traders from around the globe a variety of financial instruments which can be traded through the popular and powerful MetaTrader 4.

Oinvest offers traders a variety of educational tools, resources, and materials along with 24/5 dedicated support. Oinvest has won several industry awards through the years, since its inception, in honor of excellent brokerage services.

 

Oinvest Account Types

Oinvest offers traders a choice between three account types or tiers. Each has its own trading conditions, tailored to the varying needs that both beginner and professional traders may have.

The conditions offered by these accounts are competitive and traders are advised to work their way up to the top tier to get the absolute best trading conditions.

 

Oinvest Account Features

 

Silver Account

When making use of this account, traders can expect some of the following features:

  • No minimum deposit requirement.
  • Fixed spreads start from 2.2 pips EUR/USD, 2.8 pips GBP/USD, 2.3 pips USD/JPY, 0.59 pips on Gold, 0.07 on Crude Oil, and 2 pips on DAX.
  • Leverage as per the financial instrument being traded – 1:200 for forex, 1:50 for metals, commodities and indices, 1:20 for equities and stocks.
  • Withdrawals that are processed within one business day.
  • Ability to swap to an Islamic Account.
  • Full 24/5 customer support.
  • Fifth decimal pricing.
  • Hedging allowed.

 

Gold Account

When making use of this account, traders can expect some of the following features:

  • No minimum deposit requirement.
  • Fixed spreads start from 1.3 pips EUR/USD, 2 pips GBP/USD, 1.5 pips USD/JPY, 0.48 pips on Gold, 0.05 on Crude Oil, and 1.5 pips on DAX.
  • Leverage as per the financial instrument being traded – 1:400 for forex, 1:100 for metals, commodities, and indices, 1:40 for equities and stocks.
  • Withdrawals that are processed within one business day.
  • Access to a dedicated account manager.
  • Access to webinars as well as videos
  • Ability to swap to an Islamic Account.
  • Full 24/5 customer support.
  • Fifth decimal pricing.
  • Overnight carry a fee of 25%.
  • Access to various trade signals.
  • Ability to use hedging.

 

Platinum Account

When making use of this account, traders can expect some of the following features:

  • No minimum deposit requirement.
  • Fixed spreads start from 0.7 pips EUR/USD, 1.3 pips GBP/USD, 0.8 pips USD/JPY, 0.37 pips on Gold, 0.05 on Crude Oil, and 1 pip on DAX.
  • Leverage as per the financial instrument being traded – 1:200 for forex, 1:125 for metals, commodities, and indices, 1:50 for equities and stocks.
  • Access to news alerts.
  • Free access to VPS
  • Withdrawals that are processed within one business day.
  • Ability to swap to an Islamic Account.
  • Full 24/5 customer support.
  • Fifth decimal pricing.
  • Overnight carry a fee of 50%
  • Access to trading signals.
  • Ability to make use of hedging.

 

Oinvest Demo Account

Oinvest offers traders the option of opening a Demo Account which can be utilized in various ways, including, but not limited to the following:

  • A practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds.
  • Traders who are evaluating and comparing brokers who would like to explore Oinvest’ trading conditions in a risk-free environment, and
  • Traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital.

 

Oinvest does not offer a demo account that can be used for any of the above-mentioned purposes. This places the broker at a slight disadvantage as traders will not be able to experience what it has to offer first-hand.

It is imperative for brokers to ensure that a demo account is made available, especially brokers catering for retail traders and more especially, beginner traders. Demo accounts are the perfect way to hone the trader’s skills and to gain more experience and confidence before moving to life to trade.

A demo account also allows for exploration of the trading platform in conjunction with the demo account.

 

Overall Rating

4.4/5

Rated #259 of
Recommended FX Brokers

💰Minimum Deposit

USD 250

🌐 Regulators

FSCA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Oinvest Islamic Account

The purpose of an Islamic Account is that it caters specifically to Muslim traders who strictly follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.

Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.

Oinvest offers Muslim traders the opportunity to convert any of the three live trading accounts into that of an Islamic Account. The features that traders can expect from their Islamic Account will depend on that of the account that they convert.

This is due to some features being limited to the type of account, with the best features found in the Gold and Platinum Account along with the best trading conditions.

Some standard features that traders can expect, despite the trading account that they choose include:

  • No minimum deposit requirement on any of the accounts.
  • Access to more than 350 financial instruments which can be traded through MetaTrader 4.
  • Zero commissions charged on trades.
  • Fixed spreads differ from one instrument to the next.
  • Access to leverage from 1:20 up to 1:400.
  • Fast and easy withdrawals.
  • 24/5 dedicated customer support.
  • Fifth decimal pricing as well as access to use hedging in trading.

 

Oinvest Pros and Cons

✔️PROS ❌CONS
User-friendly and powerful MetaTrader 4 offered US Clients are not accepted
Three dynamic accounts offered Spreads are not the lowest
Zero-commission trading Offshore regulation
No minimum deposit requirement Islamic Account option not offered
Leverage up to 1:400 Best trading conditions only on premium accounts
Fixed spread accounts offered
Multiple trading tools offered
Range of educational tools and resources offered
  1. Islamic Account option offered
  1. Hedging allowed

 

You might also like: Oinvest Minimum Deposit

You might also like: Oinvest Demo Account

You might also like: Oinvest Fees and Spreads

You might also like: Oinvest Sign up Bonus

You might also like: Oinvest Islamic Account

 

 

Oinvest at a Glance

Broker’s Name Oinvest
Headquartered Seychelles
Year Founded 2019
Regulating Authorities FSA
Countries not accepted for trade The United States and several others
Islamic Account (Swap Free) Yes
Demo Account Yes
Institutional Accounts No
Managed Accounts No
Maximum Leverage 1:400
Minimum Deposit $0
Deposit Options
  • Credit/Debit Cards
  • V-Pay
  • Skrill
  • Neteller
  • Bank Wire Transfer
Withdrawal Options
  • Credit/Debit Cards
  • V-Pay
  • Skrill
  • Neteller
  • Bank Wire Transfer
Platform Types MetaTrader 4
OS Compatibility Windows, Linux, macOS, web browsers, Android, iOS
Tradable Assets
  • Forex
  • Cryptocurrency
  • CFDs on Stocks
  • CFDs on Indices
  • Commodities
Languages supported on Website English
Customer Support Languages Multilingual
Customer Service Hours 24/5

 

FAQ’s

 

Trading Enironment

 

How many instruments can I trade with Oinvest?

You can trade the following financial instruments:

  • Forex
  • Cryptocurrency
  • CFDs on Stocks
  • CFDs on Indices
  • Commodities

 

Which platforms are supported by Oinvest?

MetaTrader 4.

 

Does Oinvest offer leverage?

Yes. Traders have access to leverage up to 1:400.

 

What spreads can I expect with Oinvest?

You can expect spreads that start from 0.7 pips EUR/USD on the Platinum Account, 1.3 pips EUR/USD on Gold, and 2.2 pips EUR/USD on Silver.

 

Does Oinvest charge commission?

No. Due to the nature of its business and seeing that Oinvest is a Market Maker which offers fixed spreads, there are no commissions added onto trades to make up for the broker fee. The broker obtains its fee from the fixed spread.

 

Are there additional charges on the Islamic account?

No. There is no mention of whether additional fees such as wider spreads, commissions, administrative fees, or any others, will be charged when traders convert their trading account into an Islamic Account.

 

Is Oinvest regulated?

Yes. Oinvest is regulated by FSA.

 

Is Oinvest a recommended forex trading broker for experts and beginners?

Yes. Oinvest caters to both beginners and experts.

 

What is the overall rating out of 10 for Oinvest?

6/10.

 

Accounts

 

What is the difference between a demo and a live trading account?

A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring both the broker’s offer and the trading platform.

A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.

 

Does Oinvest offer a demo account?

No. Oinvest does not make provision for a demo account.

 

For how long is the demo account valid?

Demo accounts are generally available for 30 days. However, Oinvest does not offer a demo account.

 

Does Oinvest offer the option of an Islamic Account?

Yes. Oinvest offers the option of an Islamic Account on all live trading accounts.

 

Which live trading accounts does Oinvest offer?

  • Silver Account
  • Gold Account
  • Platinum Account

 

What are the available deposit currencies for a live trading account?

USD and EUR. However, Oinvest has a South African branch, which means that ZAR may be included.

 

Deposits and Withdrawals

 

What is the minimum deposit for Oinvest?

$0.

 

How do I make a deposit and withdrawal with Oinvest?

  • Credit/Debit Cards
  • V-Pay
  • Skrill
  • Neteller
  • Bank Wire Transfer

 

Does Oinvest charge withdrawal fees?

No. However, traders may be subjected to transaction fees as per their payment provider.

 

How long does it take to make a withdrawal?

This will depend on the payment method used. Payments can reflect instantaneously or take up to several days.

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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