Roi Republic runs Roirepublic.co website, and no one knows where this company is incorporated at.

We suspect that this is yet another offshore broker hassling investors and trying to get them to open a trading account.

Opening a trading account means sending your hard-earned money to this offshore broker.

The minimum deposit requirement is actually $10,000 which is a lot considering that beginners will always wipe their accounts in their first years of trading.

It is not recommended to gamble away your $10,000 with any broker.

Also, beware of Roirepublic.co bonus promotions which can escalate your problems further.

These bonuses often have fishy terms and conditions. If you accept the bonuses, the scammers will be happy because they’ll have found a “genuine” reason to deny you withdrawals on their platform.

Today we discuss Roi Republic broker in details to help traders understand the risks of opening an account with this broker.

Roirepublic.co Review

Roi Republic has a relatively decent website and so traders would need to do a little bit of digging around. Professional-looking websites are quite deceiving.

The broker has been around for 7 months only. We can say they don’t have a track record just yet.

The broker has deliberately refused to disclose details of their company as well as physical address.

These are some of the basics that a broker must get right before they can win the trust of their clients.

A broker who is hiding behind the vast internet is a broker that will scam you, and getting back your funds may be a very difficult task.

The broker appears claims that they can help you with signals, trading analysis and education if you add more money. They want a deposit of $200,000 for this.

According to the Switzerland financial regulator, Roi Republic is not allowed to engage in any commercial transactions with traders.

This is because the broker does not own any valid license to allow them conduct their activities in a legal way.

Most of the time brokers who don’t obtain a license are a scam. They lack transparency, ethics and customer support is sometimes non existent.

We noted that ROI Republic’s trading platform is similar to that which is used in the infamous binary options scams.

To place an order, you simply chose the amount you want to stake, your leverage and then Buy or Sell accordingly.

These platforms are used to gamble binary options financial instruments and is certainly not a surprise that ROI republic is using the same exact software.

Why ROI Republic is a scam broker

We have already seen that they are unregulated and this points to the possibility of getting scammed on this platform.

They’re not supervised by any governing body and so nothing stops them from stealing your $10,000.

Funny thing is that Roirepublic is also targeting citizens of other countries where their products and services are prohibited.

An example is a country like the United States. The US banned CFDs and both traders and brokers who go against these rules could be liable for a penalty if found guilty.

These scammers obviously don’t care because they’re offshore based. Once they’ve stolen funds from a user in any country, they block the victim’s account or opt to ignore their emails.

Please note that Roirepublic is also not a reputable broker. We checked them out on the trading forums and it turned out that nobody is aware of this broker.

It seems that the broker doesn’t have any clients just yet. But if they’ve had some clients in the past, these victims could have decided that they were not going to talk about their experience about Roirepublic.

Whatever the case, trading with this broker is a huge gamble. Roi republic is not a broker that cares because thieves don’t run such websites to give you financial freedom. They operate these websites because they want to harvest dollars from the financially naïve. This is exactly what Roi republic is doing.

Conclusion of the Roirepublic.co broker review

This broker has nothing to offer. They stand to gain a lot from you though because you’re giving them a huge deposit.

The broker does not care about its regulatory status which is why this is not discussed on their website.

They score very poor trust rating meaning that no serious trader can open an account with the intention of using the services of this broker.

Lastly, this is your regular CFDs scam broker. Once you deposit your money and start trading, they will deliberately make you lose your trades hence your entire deposit.

We seriously doubt whether a withdrawal would be possible on the Roirepublic website. No one has ever reported that they successfully cashed out their funds from this platform.

Thanks for reading. If you have been scammed, learn what to do here. If you would like to contribute to this article, use the comment section down below.