ROI.Weiss Invests is a Contracts for Difference (CFD) broker officially registered on February 22, 2024. This broker primarily offers users a wide array of markets through trading platforms such as MT4, MT5, and cTrader, including Forex, commodities, indices, bonds, digital currencies, stocks, futures, etc. It does not provide services to jurisdictions where doing so would contravene local laws or regulations.
Registration Information and Regulatory Status:
Public information from the ROI.Weiss Invests website reveals that the broker is regulated by the Financial Services Authority (FSA) in San Diego, California, with a securities dealer license number SD018. However, clicking on the “Regulation” tab on the broker's official website redirects to a page titled “Why roi.weissinvests”, and within the content of that page, the broker's name changes to “Wealth For Homes Best Trading”.
In reality, there is no such entity as the Financial Services Authority (FSA) in San Diego, California. Upon verification, it has been discovered that the regulatory information provided on the ROI.Weiss Invests website actually misappropriates the registration details of IC Markets with the Financial Services Authority (FSA) in Seychelles, where IC Markets is registered under Raw Trading Ltd, with license number SD018.
Account Opening:
To open an account with ROI.Weiss Invests: navigate to the broker's homepage, click on “Sign up” at the top right corner of the webpage, enter personal information such as name, email address, set a login password, and submit. Once submitted, the account is successfully registered.
Trading Plans:
ROI.Weiss Invests offers users four different types of trading plans: TRIAL Plan, Advanced Plan, Mining Plan, DIAMOND Plan.
TRIAL Plan:
- Trading cycle: 24 hours
- Minimum account opening amount: $100
- Maximum account opening amount: $4,999
- Referral bonus: 10%
- Total Return: 35%
Advanced Plan:
- Trading cycle: 72 hours
- Minimum account opening amount: $5,000
- Maximum account opening amount: $9,999
- Referral bonus: 12%
- Total Return: 50%
Mining Plan:
- Trading cycle: 5 days
- Minimum account opening amount: $10,000
- Maximum account opening amount: $49,999
- Referral bonus: 15%
- Total Return: 75%
DIAMOND Plan:
- Trading cycle: 10 days
- Minimum account opening amount: $50,000
- Maximum account opening amount: $10,000,000
- Referral bonus: 20%
- Total Return: 100%
Trading Platform:
ROI.Weiss Invests claims to offer trading platforms like MT4, MT5, and cTrader to its users, but it has not provided any download links for these platforms, and there is no broker under the name ROI.Weiss Invests available on these platforms.
Deposits and Withdrawals:
ROI.Weiss Invests supports deposits and withdrawals through credit/debit cards, e-wallets, and bank transfers.
Conclusion:
Traderknows warns investors that ROI.Weiss Invests is actually a clone scam site that copies the broker IC Markets. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation for their investment and trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
