Is Roiteks Scam or Legit Broker?

It is NOT SAFE to trade with Roiteks. It is located in the Marshall Islands and is not overseen by the industry authority, therefore maintains operation at its own standards. 

  • Marshall Islands are known hub for various scams and fraud companies, as the incorporation requirements are very low, while the only “standard” is a small initial start capital. Of course, it doesn’t mean that all companies are frauds, but a firm with a trustful trading environment should be authorized by any other reputable world agency. 

About Roiteks
🗺️ Registered inMarshall Islands
🗺️ Type of LicenseOffshore License
🛡️ Is Roiteks safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

What is Roiteks?

Roiteks is a trading name used by Green Oak Limited with its registration in Bulgaria. However, the company is a subsidiary of Vantu Capital LTD, which is already registered in the Marshall Islands. Apart from the fact that the Marshall Islands is a known offshore hub for financial companies, the firm in Bulgaria is not registered as well.

  • The international authorities that oversee the authorized entities check on regularly the market offerings while carrying out warning activity to provide enhanced resources to the potential investors before the choice is done. Therefore, the regulatory searches on Roitecks obtained the attention of the international regulatory bodies, as the firm is non-authorized and targets particular residents to trade with them. The alert was placed in Norway while various EU authority sources follow an alert, and should be considered seriously by the investors.

    “The Danish Financial Supervisory Authority is aware that Green Oak Limited (Roiteks) is not authorized to operate investment trusts in Norway, and the executive branch, therefore, has no necessary approval under Norwegian law.”

    The Financial Supervisory Authority of Norway, September 2018

Roiteks Review

Roiteks Review Conclusion

In conclusion, we do not recommend trading with the Raitecks, since the offering does not seem reliable and should be avoided. It is advisable to trade with Regulated Forex Brokers that are obliged to act in accordance with the set of regulations. Traders should sign in with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and XM.

Roiteks Update

Based on our research, the Roiteks website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals. 

No news available.

One response to “Roiteks”

  1. Roiteks. I did trust them in 2017. They have my money and will not return it. £10,000 pounds. I have had many dealers from this company. You make friends with your dealer. When you will not send extra money to the company You are given a new dealer. I can give my name and e.mail below as this company has my e.mail and name already. What you will also get is a lot of people phoning you up who sound just like Roiteks. They tell you they can get your money back. Most though are the same as Routeks. No point losing more money. Roiteks could have genuine. They would have made more money. Instead they chose to cheat there clients.

Leave a Reply

Your email address will not be published.

* code