ROImax Forex Broker Review (2020) – SCAM

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ROIMax Broker Logo

ROImax is an offshore / unlicensed Crypto Currency CFD broker, that opened in September 2019.

ROImax is actually owned by a company called; Atrium Ventures Ltd, and located at: 8 Copthall, Roseau Valley, 00152 Commonwealth of Dominica. They list a phone number in Sweden of: +46455378098, or in United Kingdom of: +443069990321. an email of: [email protected] Their official website is at: https://roimax.io/.

For complaints and withdrawal problems, read this.

ROImax Brokers Review

Our review of the trading platform offered at ROImax finds that this it the FronTrader CFD trading app. Day traders will find the full spectrum of underlying assets available for CFD trading. They make available trading on; Crypto, Forex, Commodities, Indexes, Shares and Metals. You can see a screenshot of their web-based CFD trading platform below. ROImax also offers you a mobile trading app for Android. If you are interested in using MetaTrader software, the find another broker listen here.

Leverage is as high as 400:1 depending on the underlying asset. New accounts can be funded with Credit Card, Bitcoin or Wire Transfers.

Automated trading apps advertised online are usually worthless. Before using an automated trading app, read about the problems here.

ROIMax Broker Review
ROIMax Broker Review

Is ROImax a Legit Broker?

No, ROImax is not a licensed broker, and on May 13th 2020, the FCA in England warned investors that they may be a scam, read this.

The way Scam Broker Investigator reviews a broker to see if they are legit or a scam, is by checking for a valid brokerage firm license. On our website you will find reviews of more than 700 CFD brokers and trading apps. We always check the government financial regulators; FSCA South Africa, ASIC Australia and FCA United Kingdom, to see if a firm is licensed. By investing with a licensed and regulated broker, this ensures you, that your funds are kept in segregated accounts, and are secure in the event that the broker disappears.

 

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