Since it first joined the online trading scene in 2018, Oinvest SA has endeavored to provide superior services and education to the thriving South African investor community through a thoughtful combination of benefits. The secure trading environment provided by Oinvest SA is defined by its affordable and transparent trading conditions, highly reliable execution practices, wide range of tradeable assets, and above all, emphasis on building trader knowledge through its own trading resources. For its committed focus towards meeting the rigorous demands of trader, Oinvest has been the recipient of the 2018 award for the Best Multi Asset Broker from Global Brands Magazine.
Overseen by the South African Financial Sector Conduct Authority (FSCA), Oinvest SA has concentrated its efforts on building a compliant and welcoming ecosystem that is filled with value for the retail and professional trading communities alike. With features like straight-through trade execution processing, low variable starting spreads, swap discounts for higher account tiers, daily analysis and news, and a streamlined user experience, Oinvest SA makes it easy and comfortable to trade global financial markets from a desktop computer, laptop, or internet-connected mobile device.
Pros and Cons
Pros
- Commission-free trading
- Affordable starting spreads
- FSCA-regulated and compliant
- Speedy STP trade execution
- Trade cryptocurrencies 24/7
Cons
- Clients only accepted from South Africa
- No account and deposit insurance included
- Dedicated account managers unavailable in Silver accounts
Recommended For
The high degree of accessibility that defines the Oinvest SA platform lends itself to a range of trader experience levels and strategies. Beginners can appreciate the ease of use the platform champions alongside the Oinvest SA knowledgebase which features ample educational resources designed to teach the basics of investing and demonstrate how to use the platform. Apart from these benefits, the MetaTrader 4 trade execution platform features a range of tools designed to aid less experienced traders. With a commission-free trading model to accompany the other tools and services, the ecosystem is especially friendly for newcomers.
Beyond the tools and services that make Oinvest SA an excellent destination for beginners, the platform also caters towards the needs of more advanced users thanks to the inclusion of complimentary Virtual Private Server access to Platinum accountholders along with applicable swap discounts for Gold and Platinum Accounts. These two factors help support day trading and automated algorithmic investment strategies by combining fast execution with affordable conditions. Additionally, the inclusion of news and alerts for these upper tier accounts ensure that traders have the fundamental and technical analysis tools needed to thrive in competitive financial markets. Although some professionals may prefer more advanced analysis tools and order options, the well-rounded ecosystem that Oinvest SA provides is nonetheless supportive and inclusive.
Top Features
- Favorable Spreads & Fast Execution: Oinvest SA features transparent terms and trading conditions, with variable spreads for major FX pairs starting as low as 0.7 pips. Trade execution is handled swiftly via a straight-through processing model.
- Dedicated Account Manager: Gold and Platinum Accounts are given access to a dedicated Oinvest SA account manager who is responsible for providing trade assistance, help with accounts, and trading education to clients.
- News Alerts: Platinum Accounts gain the added benefit of receiving real-time news alerts to their destination of choice, either by SMS or email, helping keep traders informed of changing market conditions and areas of import.
- Webinars and Video Tutorials: Education is one of the cornerstones of the Oinvest SA ecosystem and along with articles, guides, and courses, the inclusion of live webinars and video tutorials for Gold and Platinum accounts help add further value by covering analysis, actual market trends, and highlighting potential strategies.
- 24/7 Cryptocurrency Trading: Unlike most CFD trading platforms, cryptocurrency enthusiasts and investors will appreciate the ability to short cryptocurrency pairs, employ leverage, and trade around clock, even during all weekend hours.
Overview
- Type of Broker ECN/STP Broker
- Regulation & Licensing Financial Sector Conduct Authority (FSCA) South Africa
- Accepted Jurisdictions South Africa
- Assets Offered Currencies, Commodities, Indices, Shares, Cryptocurrencies
- Platforms Available MetaTrader 4 (Desktop, Web, Mobile)
- Mobile Compatibility iOS, Android
- Payment Types Accepted Credit/Debit Card, Bank Transfer, Skrill, Neteller, V Pay, Maestro, Verified by Visa, Mastercard Securecode
Account Types
|
Features |
Silver Account |
Gold Account |
Platinum Account |
|
Account Currencies |
ZAR |
ZAR |
ZAR |
|
Available Leverage |
Up to 200:1 |
Up to 400:1 |
Up to 400:1 |
|
Minimum Deposit |
$250 |
$500 |
$500 |
|
Starting Spreads |
From 2.2 pips |
From 1.3 pips |
From 0.7 pips |
|
Commission Per Trade |
0 |
0
|
0 |
|
Decimal Pricing |
Up to 5 decimals
|
Up to 5 decimals
|
Up to 5 decimals
|
|
Swaps/Rollovers |
Yes |
Yes |
Yes |
|
Trading Instruments |
50 FX Pairs 17 Commodities 16 Indices 170 Stocks 33 Cryptocurrency Pairs
|
50 FX Pairs 17 Commodities 16 Indices 170 Stocks 33 Cryptocurrency Pairs
|
50 FX Pairs 17 Commodities 16 Indices 170 Stocks 33 Cryptocurrency Pairs
|
|
Min. Lot Size Per Trade |
0.01 |
0.01 |
0.01 |
|
Max Lot Size Per Trade |
50 |
50 |
50 |
|
Demo Account |
Yes |
Yes |
Yes |
|
Swap/Rollover Free |
Yes |
Yes |
Yes |
|
Copy Trading Support |
No |
No |
No |
Trading Platforms
- MetaTrader4 By MetaQuotes Software Corp.
- MetaTrader 4 iOS By MetaQuotes Software Corp.
- MetaTrader 4 For other Smartphones By MetaQuotes Software Corp.
- MetaTrader 4 Android By MetaQuotes Software Corp.
Compliance & Regulation
Customers of Oinvest SA can be confident that the broker is dedicated to protecting their interests thanks to a number of important measures in place. Licensed and overseen by the South African Financial Sector Conduct Authority (FSCA), Oinvest SA delivers a regulated trading environment that complies with all the necessary Know Your Customer requirements and Anti-Money Laundering practices mandated by the regulator. Moreover, customer funds are held in segregated bank accounts which are kept separate from the broker’s operational funds to add an extra layer of assurance.
Beyond the regulatory measures in place, Oinvest SA goes to great lengths to protect clients’ personal information and data, all while maintaining a robust infrastructure designed to maximize platform uptime. The use of encryption protocols, firewalls, and more are all intended to prevent unwanted intrusions, helping ensure that Oinvest SA clients only focus is spotting opportunity in financial markets instead of concentrating of security of funds and personal information.
Pricing
When it comes to disclosing the fees for trading on the Oinvest SA platform, the broker stands out for its transparency and unmistakable clarity in terms of assessing costs. All trades across all asset classes are completely commission-free, and Oinvest SA only collects from the displayed bid-ask spreads. Variable spreads start as low as 0.7 pips for the EURUSD pair in Platinum Accounts. Swaps are assessed on applicable trades that are held open overnight or for longer periods of time, however, Gold and Platinum accountholders are entitled to swap discounts of 25% and 50% respectively.
Beyond the accompanying trading fees, Oinvest SA does not charge for deposits or withdrawals unless the withdrawal fails to meet a minimum $100 threshold. Moreover, there is an inactivity fee of $50 assessed when no trades are made within the account for more than 60 days. Some third-party payment provides may assess fees for deposits or withdrawals, but these are not collected by Oinvest SA. The minimum starting deposit to fund an Oinvest SA account is $250, and the minimum withdrawal amount is $100.
Reliability & Security
When it comes to dependability, Oinvest SA stands out for its commitment to following all licensing mandates, delivering excellent execution, and providing stellar information technology security measures to protect clients and the platform. Starting with its regulatory compliance, Oinvest SA is very forthright about its dedication to proper Know Your Customer practices and abiding by Anti-Money Laundering policies. Beyond these procedures, Oinvest SA goes through great lengths to deliver a secure trading experience by enlisting SSL encryption protocols to prevent against intrusions while protecting customer’s personal information and trade processing.
Additionally, the emphasis on routing customer orders directly to liquidity providers via straight-through order processing ensures fast execution with almost no downtime. Other information technology initiatives ensure a stable environment for trading around the clock without interruption. On a more personal level, supportive customer service representatives are on hand to address any difficulties or questions that Oinvest SA customers may encounter during their trading experience.
User Experience
To deliver simplified access to global financial markets, Oinvest SA has refined the registration and onboarding process to ensure it can be completed in mere minutes before providing the launchpad for investors to begin exploring trading opportunities. Similar to peers, Oinvest requires some basic personal information to get started including name, email, and phone number. The one thing to note is that only customers from South Africa are allowed to register for the platform and the website itself is only accessible from South Africa. Investors from other African countries are not eligible to join Oinvest SA.
After completing the first stage of registration, the next phase involves uploading relevant compliance documentation including proof of identity and proof of address. Once approved, clients are ready to begin trading in a live environment after funding their accounts via one of the many supported methods, whether credit and debit card, bank transfer, or ewallet payment methods. Without uploading compliance documentation and funding a trading account, users can still open a demo account with Oinvest SA to test the platform’s features.
Following the initial registration and passage beyond some basic questionnaires to determine a trader’s suitability for the products Oinvest SA provides, users will be directed to the dashboard which contains all the relevant tools and functions needed to manage a trading account. This includes changing personal information, handling deposit and withdrawals, setting up new accounts or demo accounts, an area for initiating a support ticket, downloading desktop and mobile platforms, and also launch the browser-based WebTrader platform.
Apart from the onboarding and trading processes themselves, other areas where Oinvest SA really shines is investor education and support. The broker goes through great lengths to ensure that everyone from beginners to more advanced investors can access all manner of investing knowledge in the form of strategy guides, articles, investing courses, video tutorials and webinars (for Gold and Platinum Accounts). For individuals who require assistance or encounter questions, helpful Oinvest SA customer representatives are available to help from 10:00 AM to 8:00 PM GMT across multiple channels including phone, live chat, email, and support ticket.
Final Thoughts
For beginners and more experienced investors, access to a range of tradeable asset classes that provide portfolio exposure to global financial markets is only the starting point of the Oinvest SA value proposition. Beginning with the initial registration, Oinvest SA strives to provide a streamlined, accessible trading experience defined by ease of use and regulatory compliance. From there, Oinvest SA adds value through the inclusion of thoughtful educational resources and demo accounts that newcomers can depend on to improve their understanding of investing and hone potential strategies.
At the more advanced levels and the higher Gold and Platinum account tiers, Oinvest SA caters to more experienced investors with the inclusion of video tutorials and webinars along with advanced tools like complimentary VPS and news alerts. Moreover, a dedicated account manager is on hand to provide support, helping users navigate trading and financial markets with greater comfort. Between these features and friendly customer support when clients encounter questions or obstacles, Oinvest SA delivers a purpose-built trading ecosystem that capably supports numerous strategies and investor experience levels.
Trading Platform Screenshots
Contact Info
Basfour 3773 (Proprietry) Limited Suite 302, Ridge 6 Building, 20 Ncondo Place, Umhlanga Ridgeside
FAQs
Q: Do I need to fund my account and send compliance documentation to test a demo account?
A: No, Oinvest accounts do not need to be funded or approved by compliance for users to access the demo account feature. After registering for an account and confirming via email, clients are directed to the user dashboard where trading accounts can be viewed, managed, and opened or closed. From here, a user simply needs to open a new demo account to start trading with simulated funds.
Q: Are US citizens permitted to register for Oinvest SA?
A: No, US citizens and taxpayers are not permitted to register for Oinvest SA’s services. The broker currently only accepts clients from South Africa and no other applicable jurisdictions.
Q: Are automated trading strategies supported by Oinvest SA?
A: Yes, users who prefer automated trading strategies are welcome in the Oinvest SA ecosystem. MetaTrader 4 allows for Expert Advisors to be integrated with the platform. More advanced traders with Platinum Accounts can access complimentary Virtual Private Servers (VPS) to host their preferred algorithms and take advantage of low latency trade execution.
Q: Can cryptocurrencies be deposited to or withdrawn from the Oinvest SA trading platform?
A: No, cryptocurrency deposits and withdrawals are currently not supported. The cryptocurrencies tradeable from the Oinvest SA platform are CFDs (Contracts for Difference) are derivative products and not the underlying cryptocurrencies themselves. Therefore, they cannot be withdrawn. However, cryptocurrency CFDs are unique because they can also be sold short and clients can use leverage to trade these products.
Q: Does Oinvest SA provide swap-free account options?
A: Yes, Shariah-compliant swap-free account options are available to Oinvest SA clients upon request. Simply contact an account manager for more details to begin the setup process.
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