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ROITEKS

Bulgaria|5-10 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.roiteks.com/

Website

Rating Index

Contact

+ 44 (20) 34554866
support@roiteks.com
https://www.roiteks.com/

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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Disclosure

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Warning

SG MAS
2018-12-11

Contact number

English

+ 44 (20) 34554866

Broker Information

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Company Name

Green Oak LTD

Company Abbreviation

ROITEKS

Platform registered country and region

Bulgaria

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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ROITEKS · Company Summary

General Information & Regulation

Roiteks is owned and operated by Green Oak LTD, a Bulgaria based company, a subsidiary of Vantu Capital LTD, which on its part is registered on the Marshall Islands. Unfortunately, the company is not regulated neither in Bulgaria, nor by any of the well-respected financial authorities.

Markets Instruments

ROITEKS offering 28 forex pairs with several exotic currencies like Russian Ruble, South African Rand, Swedish Krona, Norwegian Krone and Danish Krone, as well as a variety of CFDs on commodities like coffee and oil, precious metals, including silver gold and platinum, 8 major indices, stocks and 47 crypto coins, among which Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, USD Tether, Monero, Dash, Ripple, Zcash, Golem, Lisk, OmiseGO and NEM.

Minimum Deposit

The minimum deposit requirement is set at 250 USD, which is acceptable for most regular traders.

Micro Trade Size

The minimum trade size allowed by Roiteks is 0.01 lot, which is quite friendly to beginners.

Leverage

The default leverage offered by Roiteks is 50:1, which is a little conservative. However, since leverage can amplify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Spreads, as tested with a demo account on their web-based trading platform, were quite attractive. The benchmark EURUSD spread fluctuated between 0,4 and 0,5 pips. Still, because the broker is unregulated, this is too low to be true.

Trading Platform Available

When it comes to trading platform available, what Roiteks offers is a proprietary platform, not the industry recognized MT4 or MT5 trading platform.

Deposit& Withdrawal

Currently the only payment methods accepted by Roiteks are credit cards like VISA and MasterCard and bank wire.

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FX1399903781
more than one year
Judging by the performance of the demo account alone, they can be considered a very good broker, with low spreads, fast execution, and trading conditions that are too good to believe that what they see is real. But because everything is performing so well, and looking at their regulatory license, sure enough, it is an unlicensed broker, which means that these may be just fake.
2023-03-21 10:58
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