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OINVEST

South Africa|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://lp-oinvest.co.za/

Website

Rating Index

Contact

https://lp-oinvest.co.za/

Licenses

No valid regulatory information, please be aware of the risk!

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No restriction on the broker account. Support service provided by WikiFX

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Broker Information

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Company Name

Basfour 3773 (PTY) LTD

Company Abbreviation

OINVEST

Platform registered country and region

South Africa

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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OINVEST · Company Summary

General Information & Regulation

Oinvest is an online financial trading platform and multi-asset broker, founded in 2019 and based in South Africa. After two years of development, Oinvest started offering forex trading, spread betting trading, and stock trading services to retail investors. Oinvest is currently unregulated.

Market Instruments

Oinvest offers traders access to over 150 tradable assets, including Forex currency pairs, commodities, energy, precious metals, agricultural commodities, indices, and stocks.

Minimum Deposit

Oinvest offers investors demo accounts, silver, gold, and platinum accounts, and Islamic accounts. There is no minimum deposit requirement for Silver accounts and a minimum deposit of $250 for Gold and Platinum accounts.

Oinvest Leverage

When it comes to trading leverage, Oinvest doesn't make this part clear. Leverage magnifies the returns from favorable movements in a currency's exchange rate.It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.

Spreads & Commissions

Spreads vary depending on different trading accounts. Spreads start from 2.2 pips for the silver account, 1.3 pips for the gold account, and 0.7 pips for the platinum account, with commissions required unknown.

Trading Platform

Oinvest offers traders the market-leading and highly acclaimed MT4 trading platform, as well as MT4 for iOS, Android, and tablets. MT4 is currently the world's most popular trading platform for Forex, precious metals, and CFD trading, with a simple and intuitive interface, advanced charting tools, highly customizable trading conditions, easy access to a variety of online trading tools. Moreover, there are many different indicators to help traders of all experience develop different trading strategies.

Deposit & Withdrawal

Oinvest supports traders to deposit and withdraw funds to and from their investment accounts via VISA & MasterCard, wire transfer, cryptocurrency transfer.

News

FSCA Withdrew The License of Basfour

NewsFSCA Withdrew The License of Basfour

2022-11-10 17:24

The Financial Sector Conduct Authority (FSCA) has revoked Basfour 3773 (Pty) Ltd's FSP license for operating under the name Oinvest (FSP 42020), prohibited Jane Engelbrecht, the company's sole director, for a period of ten years, and assessed Basfour an administrative fine of R 58,608,810 against it.

WikiFX
2022-11-10 17:24
News
FSCA Withdrew The License of Basfour
WikiFX report: FSCA withdraws the license of Basfour 3773 (Pty) Ltd t/a Oinvest (FSP 42020)

NewsWikiFX report: FSCA withdraws the license of Basfour 3773 (Pty) Ltd t/a Oinvest (FSP 42020)

2022-04-22 15:37

The Financial Sector Conduct Authority (FSCA) has withdrawn the FSP license of Basfour 3773 (Pty) Ltd trading as Oinvest (FSP 42020), debarred Ms. Jane Engelbrecht who is the sole director, Key Individual (KI) and a representative of Basfour, for a period of 10 years and imposed an administrative penalty of R 58 608 810 on Basfour.

WikiFX
2022-04-22 15:37
News
WikiFX report: FSCA withdraws the license of Basfour 3773 (Pty) Ltd t/a Oinvest (FSP 42020)

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