Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
Roisea is allegedly a multi-asset broker registered in China that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:50 on the WebTrader trading platforms via five different live account types, as well as 24/5 customer support service. Here is the home page of this brokers official site:
As for regulation, it has been verified that Roisea currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.01/10. Please be aware of the risk.
Market Instruments
Roisea advertises that it offers access to a wide range of trading instruments in financial markets, including currency pairs, indices, metals, energies, futures and shares.
Account Types
Roisea claims to offer five types of trading accounts, namely Beginner, Trader, Expert, VIP and Exclusive, with minimum initial deposit requirements of €5,000, €10,000, €25,000, €50,000 and €100,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Leverage
The specified leverage for different account types at Roisea varies between 1:10 and 1:50. Clients on the Beginner account can experience leverage of 1:10, and the Trader, Expert, VIP and Exclusive accounts with a leverage of 1:20, 1:30, 1:40 and 1:50 separately. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Trading Platform Available
Instead of the world's most advanced and popularly-used MT4 and MT5 platforms, Roisea gives traders a WebTrader and Mobile App. Anyway, you had better choose brokers who offer the leading MT4 and MT5, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
Roisea supports deposits and withdrawals via credit/debit cards and Bank Wire. The minimum initial deposit requirement is extremely high - €5,000. Deposits usually take up to 5 business days to be processed.
Bonuses
Roisea also claims to offer some bonuses. However, if an account is funded with $1,000, and a bonus of $1,000 is received, the trading volume of 250 lots has to be done to withdraw bonus funds and profits.
In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators.
Customer Support
Roisea‘s customer support can be reached by email: support@roi-sea.com or send messages online to get in touch. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most transparent brokers offer.
Pros & Cons
Frequently Asked Questions (FAQs)
2023-03-24 16:09
2022-12-19 13:50
