Review ROInvesting

Headquarters in Cyprus

Quick Look

Cryptocurrencies have become all the rage among traders who are flocking to the space to take advantage of the volatility and large moves that promise the chance to significantly increase trading capital in a very short time. The only issue with this asset class is the complexity involved in working with cryptocurrencies. Many traditional investors are confused by the whole idea of addresses and gas fees, mining, and staking, and how the blockchain works to create value. That is where brokers like ROInvesting come in, making cryptocurrency trading simple by offering CFDs on all the most popular crypto assets.

Another cryptocurrency issue has been security. A lack of regulation for the exchanges means traders have trouble trusting their funds here. And the hacks that have resulted in millions of dollars’ worth of cryptocurrencies being stolen from exchanges over the years hardly inspires confidence. Again, CFD brokers can help, offering a product that is protected.

ROInvesting, which is a brand of Royal Forex Ltd., entered the online brokerage space in 2017 and has been growing significantly since thanks to its excellent features, including its access to cryptocurrencies. The broker blends the traditional market offerings with its new and innovative features.

ROInvesting Products

We like that ROInvesting is regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 269/15. That type of regulation makes trading CFDs far more secure when compared with trading on cryptocurrency exchanges. We also like that the broker offers the award-winning MetaTrader 4 platform on desktop, web, and mobile for charting and trading.

Traders can choose from three levels of accounts, which makes ROInvesting suitable for every trader, from beginners to professionals. There's also an Islamic swap-free account available, and a demo account to test out trading strategies.

We were also pleased to see a wide range of educational materials. This is another area where cryptocurrency brokers fall, and it's good to see CFD brokers offer the training needed to be more informed in trader. ROInvesting offers access to the trading signal service powered by Signal Centre.

Pros

  • Licensed and regulated CFDs on cryptocurrency broker
  • MetaTrader 4 platform on desktop, web, and mobile
  • Commission free trading
  • Modern, hardened security

Cons

  • Demo account only good for 14 days
  • Limited live analysis reports
  • No social trading available
  • €215 minimum deposit required
ROInvesting Pros and Cons

Cryptocurrency Products

The largest cryptocurrency exchanges can give access to hundreds of different cryptocurrencies. But most traders aren’t interested in small cap cryptocurrencies that have little trading value and less liquidity. These small cap tokens are just plain dangerous.

ROInvesting avoids the illiquid small cap tokens and focuses on the largest, and most popular tokens. This avoids the potential for price manipulation and the chance for getting trapped in a trade that’s going against you.

Currently the broker offers 32 trading pairs with 21 different cryptocurrencies. Trade on Bitcoin, Ethereum, DASH, Litecoin, Ripple, and other popular cryptocurrencies. The more popular coins with larger market caps coins like Litecoin even give traders the option to trade against multiple fiat currencies. For example, Litecoin has the following pairs:

  • LTC/USD
  • LTC/EUR
  • LTC/GBP

The availability of multiple trading pairs enhances the flexibility of trading, and gives traders better means to hedge. And since there are no market hours for cryptocurrencies, they are always trading, it is possible to take a position anytime of the day or night. Add in floating spreads and 1:2 available leverage and there’s little reason not to trade cryptocurrencies through CFDs at ROInvesting.

Banking

ROInvesting Banking

Regulated brokers like ROInvesting make it easier to buy and sell since they accept all the traditional deposit and withdrawal methods. While many cryptocurrency platforms are limited in how you can use fiat currency to purchase assets, ROInvesting accepts bank transfers, credit/debit cards, online wallets, and even Paypal deposits. This makes it far easier to get involved in cryptocurrencies. Withdrawals are just as easy.

Education

ROInvesting can also help cryptocurrency traders through its deep education portal. Here traders will find videos on demand, tutorials, trading courses, articles, and ebooks to further their knowledge of cryptocurrecies and trading. That is a vast improvement over cryptocurrency exchanges which often provide no educational materials at all. Some traders might miss daily updates and market analysis, but that can be replaced with the trading signals package offered at ROInvesting.

In Conclusion

If you’ve been wanting to trade cryptocurrencies but have been scared away by the confusing nature of this new asset class, and the concerning lack of regulation and security at cryptocurrency exchanges, then trading CFDs on cryptocurrencies at ROInvesting could be your perfect solution. The established broker is regulated by CySEC, has extensive educational materials, caters to traders of all experience levels, and has committed itself to providing its clients with the best environment for trading cryptocurrencies. We feel like any cryptocurrency enthusiast could happily trade here.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of clients’ accounts loses money when trading CFDs with this provider.

Contact us directly

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



 
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