How to Avoid the ROInvesting Scam
If you’ve recently been scammed by a rogue broker, you might be wondering how to avoid becoming a victim of a roinvesting scam. There are many steps you can take to protect yourself. The first step is to ensure the broker you’ve been working with is legitimate. A rogue broker can often seem friendly at first but be a fraud. You should always contact the company’s customer support service to ensure you’re not being ripped off.
MT4 trading platform
The MT4 trading platform is widely used by fraudulent traders masquerading as legitimate trading service providers. This enables them to take advantage of the gullibility of novice investors. Scammers use unregulated brokers that advertise lucrative offers such as high leverage and live trade signals to lure victims into opening an account with them. They then wait for their victims to withdraw their money before they realize it’s a scam.
The user interface is simple and intuitive. The site conveys a professional image. The navigation is easy, as all the main categories are available in a drop-down menu. There are also tons of educational materials that can help users become more proficient with trading. Some of these include eBooks, VOD, and articles. You can also use mobile apps to access the software. Traders must be aware of the risks associated with margin trading and avoid them.
The ROInvesting broker offers two different leverage levels for retail and professional accounts. The company also offers low spreads and no commissions, although it doesn’t provide basic account classification or a minimum investment requirement. It also offers a free demo account with virtual funds. In addition, the company claims to be fast and has won several global awards, including the European Union’s CySEC Gold Seal of Approval.
Security is another key feature. ROInvesting claims to follow strict security protocols, and its servers are located in SAS 70-certified data centers. Additionally, it uses Level 1 PCI compliance service moderation and has a firewall and SSL software. This ensures that all client data is safe.
ROInvesting claims to offer no commissions on the trades and is a great opportunity for those new to trading, but several red flags should raise red flags. For one thing, this brokerage does not provide a demo account. This eliminates the advantage of learning about trading from trading charts and tools. It is also not transparent about minimum deposits and withdrawal amounts.
Investing has a 24-hour customer support center that is open to customers. It also offers email and lives chat support. And it’s available in 11 languages. Its customer service agents answer queries quickly and in English.
The demo account will allow you to test your trading skills before making a real deposit. You will be given $100,000 of virtual funds to practice. However, withdrawals may take up to 3-5 days, and a fee may apply. You should check with your account manager for more information.
When registering for a ROInvesting live account, you will be asked to provide some information that will allow them to verify your identity and financial status. They will also ask you to provide certain documents such as proof of employment, tax information, and address. They will also ask you to complete a quiz that tests your trading knowledge.
Besides the demo account, ROInvesting offers several other accounts. They have accounted for beginners and business investors. The private accounts allow up to 1:30 leverage, while professional accounts allow for 1:500 leverage. All accounts require a minimum deposit of $250 and allow swaps. Investing also offers a risk-free virtual account that you can use to practice trading. You will need MetaTrader 4 to access the demo account.
If you have any queries or concerns about investing, you can contact them through several methods, including live chat, email, phone lines, and an online form. You can also request education materials through the Learning Center, which is dedicated to beginners and guides them through the trading process. The materials provided by investing are of high quality and easy to understand.
The education section of the ROInvesting website provides tutorials, e-books, videos, webinars, and articles. Although the educational materials are intended for new traders, they could do more detailed information about minimum deposits, withdrawal methods, and minimum deposit amounts. There are also high spreads and inactivity fees. A new investor should take note of these terms and conditions and consider other options before signing up with the ROInvesting website.