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Scam Review

Roiteks Broker Review – Investment Scam

Roiteks is an unregulated forex and cryptocurrency trading platform. They have earned an outrageous amount of negative reputation and users are extremely unhappy with them. Though this broker was established a while back, even today people are struggling to get their funds back.

Clearly, they are not the ones you need to indulge with for any reason. According to few online sources, this broker also has partnered with a lot of scam auto-trading bots and is pushing people towards losing a large chunk of money.

User reviews about them are scary and no rational person would ever proceed with a firm like this one. Trading conditions are decent, but there isn’t anything about them that can be termed as desirable or truly unique.

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    To know what to expect from this firm and the way they handle things related to trading activities, go through the following content. By the time you reach the end of this informative post, you will most probably know everything about this entity. 

    Roiteks Broker Review

    Is Roiteks Regulated?

    No, Roiteks is an unregulated broker that is located in Marshall Islands. This firm is operated by Green Oak Ltd which is a subsidiary of a Bulgaria based company called Vantu Capital Ltd. Obviously, owing to the way they are structured, they are not the suitable option for retail investors as the risks present are plenty.

    Note that many financial watchdogs have issued warnings against them for operating outside the boundaries of law. We do not know how this firm handles the capital of investors.

    Plus, there is no such thing as insurance in case something goes wrong. Due to pitfalls presented in the way this entity is structured, we encourage people to stay away from them. 

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    Trading Conditions and Software

    This broker offers more than 20 forex pairs and over 40 crypto pairs. The maximum leverage is capped at 1:50 which is more than enough. Without a doubt, the available instruments are plenty and they surprisingly have tight spreads as well. Information regarding all the trading costs are not revealed upfront.

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    At any point, if you are unsure about the fees applicable, then talk with the support team before opening a position. After all, isn’t it better to be safe and conservative in your approach?

    Roiteks does not support MT4 or MT5. Web trader is not something that is suitable for all kinds of traders. Support for custom indicators is lacking and at the end of the day, the interface is a deal breaker for many. Charting is also not adequate and professional traders would never use this kind of broker for obvious reasons. 

    Deposit and Withdrawals

    The minimum deposit is said to be around $250. We have no clue about the minimum withdrawal amount and the processing time is also not clearly stated. They accept Visa and Mastercard. Also, they offer a deposit bonus which will enhance the capital amount to a huge extent.

    However, the bonus offer contains a lot of hidden catches and it will make it hard for you to withdraw funds unless certain conditions are met. In short, double check every document before accepting them or else the consequences will be severe. 

    Contact Information

    We did not have much time to test out their customer support. As a result, we cannot comment much about it. Below, we have listed their contact information. If you have any experience with them, then do share your opinion with us by commenting below. 

    • Phone – +442034554866
    • Address – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960
    • Email – support@roiteks.com

    Roiteks User Reviews

    As this broker has caused immense pain to their users, people are expressing their frustration via forums and social media platforms. The ratings are too negative and the available social proof tells us everything we need to know about their character.

    People have lost thousands of dollars to them and some are still struggling to recover the funds. Social proof depicts the nature of the firm very well.

    If you observe the trails of feedback, it becomes clear that the firm has done nothing to address the underlying issues and accusations. Think for a moment, if this firm can brush off so much dirt, how can anyone trust them with their hard earned cash?

    Is Roiteks a Scam?

    Roiteks is most likely a scam. Many people have lost thousands of dollars and the damage caused by them is hard to calculate. This broker also works with a lot of bogus trading systems and is targeting retail investors aggressively.

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    Do not input sensitive information on their portal and for your own good, do not entertain them. If you have an account with them, then withdraw the funds immediately.

    In case you are not able to get the money from them, act quickly and reach out to us. We will do a thorough scoop for you and show you the options available at your disposal. Our staff will help you in the recovery process for free and we won’t rest until online scams are completely eradicated. 

    Bottom Line

    Online investing world is not completely safe. Due to loose regulation in a lot of regions, many firms are looting the retail investors and are getting away with it. So, you should be careful when it comes to choosing a broker and solid research about the platform you want to employ is a must.

    Roiteks appears to be down at the time of making this post. Though the firm is gone, it is still possible to force them to pay for their mistakes. If you are one of the victims of this fraudulent platform, then our best advice to you is to act quickly. 

    Have something to say about Roiteks? Feel free to use the thread below to voice your thoughts. 

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