Roi Republic Review – An Unregulated Broker With Red Flags
Roi Republic broker claims this month’s top spot on the anonymity scale. They operate since 2022 in Forex and CFD markets, but without authorization.
Additionally, they don’t reveal any ownership or contact information. Red flags all over the place, but what makes this broker undesirable find in this detailed Roi Republic review.
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed Scam Brokerage|
|Blacklisted as a Scam by:||N/A|
|Supported Platforms:||Web-based platform|
|Cryptocurrencies:||Yes – BTC, ADA, DOT|
|Types of Assets:||Forex, Commodities, Indices, Shares, Cryptocurrencies, ETFs|
|Free Demo Account:||Not available|
|Accepts US clients:||Yes, US traders are accepted|
Roi Republic Broker – Legit or Scam?
When the broker is anonymous and doesn’t provide any legal information, you need to find your first clue. Luckily, Roi Republic reviews at least reveal our starting point. Many traders are German speakers. Therefore, it’s good to check BaFin register for any clue about this broker. However, there was no such information in the research of the Roi Republic trading company.
Not only their register was empty, but also other Tier 1 regulators such as ASIC and FCA. If the broker that operates in the EEA zone doesn’t have some of these licenses, you know it’s not good.
Roi Republic is a broker without regulation. Suspicious and non-competitive trading platform, with an extremely high leverage. Falsely presenting itself as an award-winning broker.
Roi Republic Software – Platform Comparison
Instead of advanced third-party software, Roi Republic offers web trader. Not only that it’s poorly designed but also doesn’t have any advanced features. Traders can only use basic trading tools, economic calendar, news and basic indicators.
However, if you are looking for EAs, social trading or automated options, you must look elsewhere. Which is anyway preferable choice considering that this broker is not licensed. That’s why we suggest you look for a Tier 1 regulated broker. Especially one that holds MetaTrader or cTrader, because that will give you the most out of the trading experience.
On the other hand, this web trader is not reliable. We have seen in the past many platforms like these that were manipulated. Not to mention the lack of mobile apps that are crucial these days in taking opportunities.
Roi Republic’s Trading Assets and Instruments
The only positive thing about this broker is the wide instrument range. It’s divided into 6 groups:
- Currency pairs (Forex) – EUR/DKK, USD/HKD, GBP/HUF
- Commodities – natural gas, crude oil, coffee
- Indices – DAX 30, CAC 40, Nikkei 225
- Shares – Netflix, Amazon, Shopify
- Cryptocurrencies – BCH, XRM, ETH
- ETFs – QQQ, Russell 2000
If the instrument availability means something, this would be a good choice. On the contrary, the broker has no regulation. Therefore everything is speculative about it. Especially transparency and reliability of trading data through their shady platform.
Roi Republic Countries Of Service
As we can see from the Roi Republic reviews, they lure traders from rich countries. But mainly scamming traders from:
- United States
- United Kingdom
Many of these countries have strict regulations. In general, it’s just a matter of time before this broker will be officially exposed and warned by such institutions.
Roi Republic List of Account Types
Generally speaking, account types of Roi Republic are quite unattractive. Primarily, they require insanely high deposits in return for nothing. Not to mention that they offer a welcome bonus that is widely banned. Their account types are:
- Basic $10.000
- Silver $25.000
- Gold $50.000
- Platinum $100.000
- Diamond $200.000
The only benefit you get from a higher deposit is higher leverage and a bigger welcoming bonus. Both are perfect for losing all of your funds or getting scammed.
However, some reviews and FAQ sections reveal that you can start with $250. Of course, they will do anything to get you onboard.
Can a Trader Use a Demo Account?
As expected from a scam broker, they don’t want to reveal their flaws. Therefore, you can’t test their platform unless you make a deposit. They don’t offer a demo or micro-trading account. Not to mention the Islamic account which is quite popular these days.
Terms of Service for the Roi Republic
Firstly, all T&Cs presented by the broker can be broken. They are not obligated to follow any. Moreover, they offer shady bonuses with potentially malicious clause that doesn’t let you make a withdrawal unless you traded 25 times the volume of your deposit.
Luckily, their funding methods are allowing chargeback, which is a great safety measure. Those options are:
- Debit/credit card transactions
- Wire transfers
- e-wallet payments
Depending on the method you are using the broker claims to have 2-4 business days processing time.
Leverage, Spreads and Fees
Leverage of up to 1:500 is violating all possible regulations and rules. In the EEA zone, for example, the maximum allowed according to ESMA (European Securities and Markets Authority) is 1:30.
Even though the broker claims to have tight spreads and zero fees this is questionable. They don’t have the necessary licenses to provide forex and CFD trading services. So, all this could be a fraudulent marketing strategy.
Scammed by a Roi Republic Broker? – We Want To Hear Your Story.
You won’t be the last victim of the Roi Republic broker scam. The only way to prevent traders from getting into their claws is by sharing experiences. Let us know what was your issue with this broker.
Since they don’t have regulations you can’t file a complaint anywhere. The only solution is a chargeback process. And our specialized fund recovery team can assist you along the way.
What Is the Chargeback Procedure?
Upon making any card transaction you can get a chargeback. Often required procedure after getting scammed. The bank is collecting evidence and can reverse the transaction. But only in the time frame of 18 months.
Therefore, don’t waste time sitting there with crossed hands. Contact our fund recovery team and book your free consultation already for today. For faster reservations, you can use our Online chat as well.
What Is Roi Republic?
This is an anonymous trading company that offers Forex and CFD trading services since 2022.
Is the Roi Republic a Scam Broker?
Yes. They are not regulated and they are not transparent about ownership and contact info.
Is Roi Republic Available in the United States or the UK?
Roi Republic broker offers its services to traders coming from both mentioned countries.
Does the Roi Republic Offer a Demo Account?
No. They only offer live accounts with very high minimum deposit requirements.