ROIMAX Review: A simple approach to trading crypto?

Are you unsatisfied with your broker’s offerings? Do you find their technology complex and tedious? 

These are scenarios customers deal with, and unfortunately, it can impact their trading experience negatively. Finding a good broker has become a trial-and-error exercise, which can cost you at the end of the day.

A crypto broker who promises simplicity is ROIMAX, and we will review them to determine if they live up to this promise. 

 

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About the Brand

ROIMAX, a cryptocurrency trading platform, claims to keep it simple while still providing secure and reliable services. 

They aim to allow anyone to trade from any location and offer guidance through dedicated support staff. In addition, ROIMAX promises to provide educational material to equip clients with the skills needed to succeed. 

Assets

Crypto assets offered by ROIMAX include the latest altcoins to the popular Bitcoin, Ethereum, and Tron. In addition, ROIMAX offers raw spreads, competitive commissions and allows margin trading.

ROIMAX has recently expanded their crypto offering to keep up to date with the growing market.

Trading Platform

ROIMAX makes trading crypto possible through their Web-based platform.  The platform is accessible through your browser on desktop or mobile device. 

They outlined the steps on how to execute trades on their trading platform. Orders can be placed with stop loss and take profit or instead closed instantly by using the ‘close trade’ button. 

The platform has features like advanced charting tools, indicators, and favourite assets list, to name a few.

 

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ROIMAX Trading platform
 

Accounts

Opening an account with ROIMAX is a straightforward process. Upon registration, you will be required to submit prescribed documentation to verify your account.  Accounts can be funded with credit/debit cards, wire transfer or e-wallets. A dedicated account manager provides one-on-one guidance to new clients. 

ROIMAX has a stipulation regarding inactive accounts, whereby an account maintenance fee of $200 is charged if the account remains inactive for 60 days. In addition to the once-off maintenance fee, they also assign a monthly fee for each month that the account remains inactive. 

 

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ROIMAX Account Registration

Legal

ROIMAX has a complete legal pack of policies and disclosure agreements for customer’s perusal. Among these is the Customer complaints handling procedure which outlines the process step-by-step. 

They have two dedicated customer support email addresses for disputes. Other policies available are the Compliance, Withdrawal, Privacy, Terms and Conditions, Risk disclosures and disclaimer, and Order execution policy.

Pros

  • Dedicated account managers to offer guidance
  • Clearly defined legal policies
  • High-speed Web-trader platform
  • Multiple payment methods for funding and withdrawals

Cons

  • Hefty penalty charged for inactive accounts
  • Trading is limited to Web-trading platform

Summary 

ROIMAX's vision is to simplify crypto trading without confusing users with complicated technology. Upon reviewing their main features, we can see that they have delivered this vision. A standout feature is 1-on-1 support given by account managers, which is critical, especially to users unfamiliar with crypto trading.  We would therefore recommend the ROIMAX brand to anyone looking to transition into the crypto trading environment. 

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Coin Shark is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the website. The review is for informational purposes only and represents the opinion of the author only. Users should do their own research before taking any action.