Roiteks crypto broker is a broker based in Bulgaria as an offshore company so many users in the first place were concerned about its legitimacy and professionalism. There are a lot of things about these brokers that the traders are wondering about mainly because of the negative reviews that you can read on online review platforms. It is always important to know more about a broker before you choose to start doing business with it.
People are usually using a broker without reading and learning more about the platform. Many times they end up with brokers that are not recommended in the first place so this is what you have to know about the Roiteks crypto broker. The first thing you need to know is that the company is a forex and CFD broker which offers a couple of different cryptocurrencies options. They do have a valid telephone number with a valid address and email.
Differences between registered and regulated brokers
There were claims in the past that the Roiteks crypto broker is a registered broker to a company which is still unknown internationally. This means that the platform is still not registered for international use but this does not mean that the platform is not regulated. There are two aspects of brokers that you should always look for. Being registered and regulated only adds more to the positive features list which indicates that probably your choice is good. However, being an offshore company always means that your investments are at risk.
Account Options And Issues With The Deposit
Another thing that the traders usually complain about is the minimum required deposit. Most of the brokers are offering far more than just one account brokers so you can choose an option that will be the best for your needs. However, with the Roiteks crypto broker you don’t have this option. You can only have one account that you can use and that is the amount of the minimum required a deposit that you need to pay. With this broker, this is a huge amount of $250 so this means that if you are not careful, you could lose much more money in the process.
It is a good idea to always have knowledge of what kind of platform you will be using and what kind of platform does the broker use. The platforms are a key to success or to failure. Roiteks Review doesn’t use the two of the most popular platforms that are usually recommended such as MT4 and MT5. This means that the broker uses other platforms that you could not be able to understand and since there is no demo account, it could be harder to use it.