Oinvest Malaysia Account Types
Oinvest offers only one type of trading account, so you don’t need to overthink choosing a trading account. This one simple account will be beneficial, especially if you are still new to Forex trading.
Moreover, this simple account is offered in three different levels, namely Silver, Gold, and Platinum, each with its own service level.
Minimum Deposit: $250
Leverage: 1:200
Minimum trade size: 0.01
Spread Type: Floating from 0.07 pips
Commission: No
Account Currency: EUR, USD, GBP
Minimum Deposit: $250
Leverage: 1:400
Minimum trade size: 0.01
Spread Type: Floating from 0.05 pips
Commission: No
Account Currency: EUR, USD, GBP
Minimum Deposit: $250
Leverage: 1:400
Minimum trade size: 0.01
Spread Type: Floating from 0.03 pips
Commission: No
Account Currency: EUR, USD, GBP
The first level of trading account offered at Oinvest is Silver. Traders can benefit from a minimum spread of 2.2 pips for currency trading and 0.07 pips for crude oil trading instruments in addition to maximum leverage of 1:200 for all Forex trading activities. Unfortunately, the Silver account does not provide additional services, such as free VPS, exclusive webinars, videos, news alerts, and a dedicated account manager. Also, Oinvest does not offer any special swap discount for this level either.
The Gold level comes with better services where you can enjoy additional benefits such as a dedicated account manager as well as exclusive videos and webinars. Spreads are also offered even tighter for this level with a minimum of 1.3 pips for currency trading and 0.05 pips for crude oil trading, as well as maximum leverage of 1:400 for Forex trading activities. Additionally, traders can benefit from a 25% discount for their swap rate by selecting the Gold level.
The last and the highest level offered by Oinvest is Platinum, where all the benefits are unlocked and available to the traders. These benefits include news alerts, free VPS, account manager, webinars & videos, as well as a special 50% discount for the swap fees. Spreads are exceptionally tight on the Platinum level with a minimum of 0.7 pips for currency trading and 0.03 pips for crude oil trading, with a maximum leverage of 1:400.
Opening an account in Oinvest is a piece of cake. You simply need to click the “open account” button and fill all the required fields such as name, phone number, email address, and password. Then you should select your preferred payment method and submit your proof of identity if you have prepared the documents. If not, you can also submit them at a later date and go directly to the Client Area or just start trading immediately.
For acquiring a higher level, you need to contact the customer support only after your account is successfully registered and validated. Furthermore, if you are a trader of Islamic faith and want to change your account type to an Islamic Account, you need to submit a request via email, so you won’t be charged any swap or rollover interest.
Oinvest Malaysia Deposit & Withdrawal
Deposits and withdrawals at Oinvest are offered via various payment methods including credit & debit cards, bank wire transfers, as well as electronic payment systems:
* VISA
* Skrill
* Neteller
* SafeCharge
* PayTrust88
* ZPay
* Local Bank Transfer (Indonesia, Malaysia, Thailand, and Vietnam)
The minimum amount of deposit is 250 USD, and the maximum amount is 10,000 USD or its equivalent for every payment system. This process can be done quickly via the trader’s client area.
Withdrawing funds at Oinvest can be done at a minimum amount of 100 USD and will only be paid via the method that you used to make the deposits. This process will take about seven business days.
Please note that Oinvest charges a 50 € withdrawal fee (or its equivalent) if there is only one single position placed on the trading account (defined as an insignificant activity) or no trading activity in the trader’s account prior to the withdrawal request.
Moreover, if there are no trading activities detected in your trading account in over 60 days, the trading account will be considered dormant or inactive. Therefore, you will be charged for an 80 € administration fee (or its equivalent) starting from day 61. If this situation continues, the fee will increase to 120 EUR starting from day 91, 200 EUR starting from day 181, and 500 EUR on day 271, charged on the last day of every month.
If your dormant account has 0 balance, it will automatically be deactivated.
Spreads at Oinvest are floating, depending on the trading instruments and the account level that traders choose for their trading endeavors.
Spreads for currency trading are provided at a minimum of 2.2 pips for the Silver level, 1.3 pips for the Gold level, and 0.7 pips for the Platinum level.
Oinvest Malaysia Security & Safety of Funds
Oinvest prioritizes the safety and security of its client’s funds. Being licensed and regulated by the FSA of Seychelles, Oinvest is required to keep the clients’ money in segregated bank accounts at top-tier and well-reputed banks, separate from the company’s operational funds.
The license from Seychelles’ FSA can be confirmed by visiting the Seychelles FSA’s official website under the name of “Aronex Corporation Ltd” on the Capital Market page.
Moreover, the company also applies high levels of data encryptions and cutting-edge firewalls to make sure that the clients’ funds are safe from any cyber-security threats.
Most importantly, Oinvest takes part in upholding the AML Policy to prevent from being used for criminal activities, such as money laundering.
