Conveniently named Roicraft, this broker calls itself Roi, reminding you of the return on investment. Of course, it’s a psychological trick to ensure that you have profits in your mind when seeing the website. This is further encouraged by the broker’s presentation of a savings account and a promise that you can make up to 3.9% annually.
Read our Roicraft review for more information about this firm.
| Broker status: | Unregulated Broker |
| Regulated by: | Unlicensed Scam Brokerage |
| Scammers Websites: | roicraft.co |
| Blacklisted as a Scam by: | N/A |
| Owned by: | N/A |
| Headquarters Country: | Canada (allegedly) |
| Foundation year: | N/A |
| Supported Platforms: | WebTrader |
| Minimum Deposit: | $250 |
| Cryptocurrencies: | Available – ETH, XRP, BTC |
| Types of Assets: | FX, commodities, indices, shares, cryptocurrencies |
| Maximum Leverage: | N/A |
| Free Demo Account: | No |
| Accepts US clients: | N/A |
What About Roicraft Regulation?
Long story short, Roicraft has no regulations.
This firm didn’t bother to provide investors with basic information like the company owners, name of the CEO, or anything similar. We’re given an address in Canada, but this can easily be fake detail since there’s no supporting evidence. Roicraft has never entered any company register in this country.
In addition to the above, we strongly advise you not to invest in 7Online,Oriontero and365Falcon fraudulent brokers.
Why Must a Broker Have a License?
A broker needs to have a license to regulate its business and operate according to legal standards. Furthermore, the license ensures that the company will form a compensation fund. In the case of Tier1 regulated brokers, these funds have to be over 700,000 EUR, and are meant to be used to reimburse clients. That’s your money-back guarantee in case of any issue.
Unfortunately, Roicraft hasn’t thought of its clients and hasn’t gotten any regulation. The company operates according to its own rules, which can never be suitable for an investor.
Traders’ Reviews About Roicraft Scam
As expected, the majority of Roicraft reviews are from Canada. The broker’s alleged headquarters is in this country, and it’s using this information to lure investors into investing. Clients are signed up through fraudulent ads such as Invest In Stocks or Investors Education, promising high ROI. However, clients complain that none of them ever saw a penny back from this unregulated firm.
Supported Trading Platforms – Available Trading Software
As’s the case with the most information, Roicraft didn’t show much about its trading platform either. There’s a section called All About Trading, indicating that the firm provides you with terrific investment software available on both desktop and mobile devices. Allegedly, you can expect to get numerous charts, a customizable layout, and many available assets.
Since we cannot confirm this, we will not go deeper into the review. All we can surely say, it’s always better to find a legitimate transparent broker offering MT4 or MT5.
Everything About Roicraft Trading Accounts
There are 6 Roicraft account types.
Accounts differ in the welcome bonus, account manager seniority, withdrawal fees, and commissions.
Roicraft Range of Trading Instruments & Markets
Roicraft offers to invest in the following trading markets:
- Forex
- Commodities
- Indices
- Shares
- Cryptocurrencies
The company’s primary focus is shares and ROI on those.
Also remember the names of the24Funds,EverProTrader andMag Markets trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!
Roicraft Deposit and Withdrawal Methods
Roicraft accepts several payment methods for deposits, including:
- Bank wire transfer
- Debit/credit cards
- Wallet
The minimum deposit depends on the payment method – for cards, it’s $250, while for the wire transfer is $500. The same methods are accepted for withdrawals, but nothing is said about fees you’ll have to pay or the time necessary for the company to process the withdrawal request.
Roicraft offers a welcoming bonus of up to 75%, so you should be quite careful as it doesn’t come for free. You will need to repay the bonus amount plus the initial deposit 20 times to get your money back.
Fund Withdrawal Issues
The broker doesn’t say much about withdrawals. However, most complaints are about this issue, and clients claim that getting money back is virtually impossible. The broker is keen to assist with deposits, and account managers are always available until you submit the withdrawal request. This is when your account access will be suspended, and your friendly manager will suddenly disappear.
If you recognize yourself in our story, you need to file a complaint immediately!
Scammed by Roicraft Broker? – Tell Us Your Story
If you were scammed by Roicraft, we’re here to help. Our chargeback specialists will be glad to assist with the matter and help you file a dispute.
But What Is A Chargeback?
A chargeback is a way for your bank to retrieve stolen funds from the merchant. Contact us via online chat to book a FREE consultation with our experts, who will then evaluate your case and give you an honest opinion regarding a refund. Don’t let scammers run with your hard-earned money; let’s get it back!