Score
ROITEKS
https://www.roiteks.com/
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Forex License
No forex trading license found. Please be aware of the risks.
- This broker lacks valid forex regulation. Please be aware of the risk!
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Verified Site
roiteks.com
172.67.154.225Server LocationUnited States
ICP Registration No.--Top Visitor LocationsSouth Africa
Creation Date2016-09-07Website NameWHOIS.GODADDY.COMCompanyGODADDY.COM, LLC
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Company Profile
Review summary
General Information & Regulation
Roiteks is owned and operated by Green Oak LTD, a Bulgaria based company, a subsidiary of Vantu Capital LTD, which on its part is registered on the Marshall Islands. Unfortunately, the company is not regulated neither in Bulgaria, nor by any of the well-respected financial authorities.
Markets Instruments
ROITEKS offering 28 forex pairs with several exotic currencies like Russian Ruble, South African Rand, Swedish Krona, Norwegian Krone and Danish Krone, as well as a variety of CFDs on commodities like coffee and oil, precious metals, including silver gold and platinum, 8 major indices, stocks and 47 crypto coins, among which Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, USD Tether, Monero, Dash, Ripple, Zcash, Golem, Lisk, OmiseGO and NEM.
Minimum Deposit
The minimum deposit requirement is set at 250 USD, which is acceptable for most regular traders.
Micro Trade Size
The minimum trade size allowed by Roiteks is 0.01 lot, which is quite friendly to beginners.
Leverage
The default leverage offered by Roiteks is 50:1, which is a little conservative. However, since leverage can amplify gains as well as losses, inexperienced traders are not advised to use too high leverage.
Spreads & Commissions
Spreads, as tested with a demo account on their web-based trading platform, were quite attractive. The benchmark EURUSD spread fluctuated between 0,4 and 0,5 pips. Still, because the broker is unregulated, this is too low to be true.
Trading Platform Available
When it comes to trading platform available, what Roiteks offers is a proprietary platform, not the industry recognized MT4 or MT5 trading platform.
Deposit& Withdrawal
Currently the only payment methods accepted by Roiteks are credit cards like VISA and MasterCard and bank wire.
Company Profile
- 5-10 years
- Questionable Regulatory License
- Suspicious Operational Region
- High Potential Risk
Disclosure
investor alert list Green Oak Ltd ASIC advises this company could be involved in a scam
Country / Region
AU ASIC
Disclosure Date
2023-09-26
Broker Disclosures
investor alert list Roiteks ASIC advises this company could be involved in a scam
Country / Region
AU ASIC
Disclosure Date
2023-02-23
Broker Disclosures
investor alert listRoiteks
Country / Region
AU ASIC
Disclosure Date
2023-01-01
Broker Disclosures
Investor Alert List
Country / Region
SG MAS
Disclosure Date
2018-12-11
Broker Disclosures
Roiteks (otherwise known as Green Oak Limited)
Country / Region
NZ FMA
Disclosure Date
2018-07-23
Broker Disclosures
Roiteks (otherwise known as Green Oak Limited)
Country / Region
NZ FMA
Disclosure Date
2018-07-23
Broker Disclosures
Roiteks (otherwise known as Green Oak Limited)
Country / Region
NZ FMA
Disclosure Date
2018-07-23
Broker Disclosures
FCA Warning List of unauthorised firms Green Oak Limited t/a Roiteks
Country / Region
UK FCA
Disclosure Date
2018-03-08
Broker Disclosures
Wiki Q&A
Is ROITEKS safe and reliable?
According to WikiFX data, ROITEKS has a low core score of 1.59 and is not regulated by any authoritative financial oversight body. This lack of regulation means no standard investor protection mechanisms are in place, indicating a high-risk profile. Traders should exercise caution.
Is ROITEKS regulated?
No. WikiFX assessment indicates that ROITEKS holds no valid forex trading licenses. It is registered in Bulgaria but operates without any recognized regulatory oversight.
What is the minimum deposit of ROITEKS?
The minimum deposit requirement for ROITEKS is not publicly disclosed.
Does ROITEKS support MT4 or MT5?
The trading platforms supported by ROITEKS are not publicly disclosed. No information is available regarding MT4 or MT5 availability.
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