Roimax (Roimax.io) is a Forex brokerage located in the Dominican Republic allegedly owned by Atrium Ventures Ltd. In the review below, we take an in-depth look at the feat Roimax allegedly offers. This review aims to explore the trading platform, listing out aspects like licensing, its leverages, account types, and its withdrawal and deposit methods. It also aims to fact check claims that have been made by Roimax.io to determine whether it is safe enough to trade with or if it is just one gigantic scam.
Table of Contents
Roimax Trading Platform
Roimax.io looks like a legit broker from just looking at the design of their website, it looks professional and well-designed. But after going through they are few things we discovered that say otherwise.
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Although they different forex instruments, they neither support the MT4 or MT5 trading platform. Instead they have a custom web-based platform which we count as a disadvantage when comparing with the security and versatility of the former platforms.
Another is that we discover that they are located in the Dominicans and there are some crucial cooperate information that wasn’t given.
The site gives the reasons as advantages of trading with them:
Roimax Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea as to how a broker might work.
After thoroughly checking this website, we couldn’t discover anyplace or anything concerning them have different account types not to talk about having a single one.
Roimax Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us, because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
This broker, Roimax claims to accept bank wire, major credit/debit cards, and popular eWallets as payment options. But we could find any extra detail concerning the issue.
Normally a broker would support payment option such as Visa, MasterCard, Skrill and Neteller.
This broker claims not to have any withdrawal fees.
Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal
Is Roimax Licensed?
Licensing is another important part, because a regulated broker can be trusted to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it is actually regulated.
Roimax.io claims to be owned by Atrium Ventures Ltd and falls under the regulation of the Dominican Republic. While this might be all true, the Regulatory body isn’t one that is known to be active. They have slack laws and even slacker enforcement.
So while this broker might be licensed, it is safe to say that it is not subject to any regulatory insight.
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Minimum Trade Deposit $100
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Licensed in Australia(ASIC) and Cyprus(Cysec)
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Conclusion
We wouldn’t recommend using this forex brokerage, we are not impressed with the vague information they have provided.
In conclusion, we wouldn’t advise or recommend you to trade with roimax.io as we don’t have much faith in the Dominican Republic’s regulatory body. And also because of their shady method for handling transactions.
Roimax.io is likely a platform run by scammers, trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading option.