Review OInvest

Headquarters in Seychelles

Maybe you have become interested in cryptocurrencies and want to trade them to take advantage of the volatility and large price moves the sector offers. Unfortunately, you have investigated cryptocurrency exchanges and have found they aren’t regulated. You have also struggled to understand how to send and receive cryptocurrency, how to use the wallets, and what the heck a private key is. And you have heard how hackers regularly break into exchanges and have stolen literally hundreds of millions of dollars in cryptocurrencies over the past decade.

When all of that is taken together it is no wonder that many traders are staying away from cryptocurrency exchanges. But there is a better way. One that does not put your tokens at risk while they sit at the exchange, does not involve complex and technologically advanced activities, and does not rely on the goodness of an unregulated exchange. This better way is CFD trading of cryptocurrencies. The brokers are typically regulated, there is no risk of hackers stealing your funds, and it is downright simple compared with managing cryptocurrency funds.

OInvest

Quick Look

OInvest is the brand name of a broker owned and operated by Habonix Solutions Ltd. and Aronex Corporation Ltd. The first is a registered Cyprus business entity, while the second is incorporated in the Seychelles. The broker is also regulated by the Seychelles Financial Services Authority (SFSA) under license number SD014.

The broker was founded in 2018 and offers a variety of CFD-based products, with the most recent addition being cryptocurrency CFDs. There are over 350 CFD instruments in total on offer at the OInvest website, including CFDs on cryptocurrencies. The broker has three tiers of service, and offers a swap-free Islamic account, which is good since it appears the broker services are primarily contained to the Middle East, Asia, and Africa.

Experienced traders will be happy to see the trading platform at OInvest is MetaTrader 4, which makes the analysis of price action far easier thanks to the wide range of indicators and tools included in the MT4 platform. It is certainly far better than anything you’ll find at cryptocurrency exchanges.

OInvest is also proud to have invested heavily in technology meant to offer protection for its users. Besides the segregation of clients’ funds (something every regulated broker does) OInvest also uses SSL encryption and a separate firewall to protect its data center. That data center is SAS 70 certified and is also PCI Level 1 compliant in the encryption of all data and transactions.

Pros

  • Impressive education center
  • World-class MetaTrader 4 platform
  • Regulation of the broker by a third-party
  • Free demo account

Cons

  • Seychelles regulation is listed on the register
  • Overnight swap charges are higher than industry average
  • No clients accepted from the U.S. or Europe
  • Daily market analysis only provided to Platinum accounts

Cryptocurrency Products

Sure, you can go to a cryptocurrency exchange and you’ll be able to trade on hundreds of different cryptocurrency pairs. But will you be able to deposit with your fiat currency, or will you need to already own some cryptocurrency to transfer into your account. And who needs to trade some of those smaller illiquid coins that are just waiting to trap you in some pump & dump scheme.?

OInvest offers CFD trading on some of the largest and most liquid cryptocurrencies. And since we offer cryptocurrency CFDs you never have to worry about getting trapped in a trade since you are not buying the underlying cryptocurrency, you are only speculating on price movements. It really is the best way to trade cryptocurrencies.

At Oinvest you will find 21 different cryptocurrencies on offer, with 32 trading pairs to choose from. Trade on Bitcoin, Dash, Ethereum, Litecoin, and Ripple, as well as other popular cryptocurrencies. The larger coins, like Ethereum, even have the option to trade against several fiat currencies. For example, Ethereum has the following pairs:

  • ETH/USD
  • ETH/EUR
  • ETH/GBP

Another great thing about trading cryptocurrencies at OInvest is the 1:2 leverage and the competitive floating spreads. Plus, since there is no centralized cryptocurrency market you can trade on these assets 24 hours a day.

OInvest Products

Banking

When you trade cryptocurrency CFDs through OInvest you won’t need to worry about how you’re going to fund your account like you might with some of the cryptocurrency exchanges. OInvest will accept bank transfers, credit and debit cards, and a number of online e-wallets like Neteller and Trustly. To note there’s $100 minimum withdrawal policy. That is on profits. The example OInvest gives is as follows:

"If you deposit 200 USD through credit card and you have a profit of 30 USD, in case of withdrawal request of the total amount (deposited and profit) you will receive 200 USD back to the original source (credit card), however you will not be able to withdraw your profit until this amount reaches the minimum withdrawal amount."

Education

Like many of the online CFD brokers, and unlike cryptocurrency exchanges, OInvest has a wide library of educational material that includes eBooks, tutorials, courses, webinars, and video on demand. That is a huge benefit for the CFD traders who join up with OInvest. The broker also has a signals package on offer that sends real-time trading alerts when select assets reach good entry levels.

OInvest Education

In Conclusion

For those who want to get involved in trading cryptocurrencies but want to avoid the complexity and insecurity of this asset class, trading in CFDs at OInvest is a good choice. You get the protection offered by a regulatory presence, and the relative simplicity that comes with CFD trading. In addition, you can fund your account with a number of methods, all of which include fiat currencies. And you will be able to take advantage of the deep collection of educational materials. If you want to trade cryptocurrencies, using OInvest to trade CFDs on cryptocurrencies is an excellent idea.

Contact us directly

Contact us directly for further inquiries about our products and services.



 
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