Ruizean Markets Review Is Ruizean Markets A Legit Or Scam Broker

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Ruizean Markets Review: Is Ruizean Markets A Legit Or Scam Broker?

Ruizean Markets is a brokerage in Cyprus and was formerly called RZT Capital Ltd. On the company website it is stated that it holds a license from CySEC. This means that the broker holds a license to run in Europe.

There are three accounts offered on Ruizean Markets and they differ in minimum deposit requirement and spreads.

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It offers clients a demo account to test the running before investing. The demo account was discovered to be the most expensive account type therefore showing good spread.

Ruizean Markets Trading Platform

The trading software used by Ruizean Markets runs on MT4 platform. It has been mentioned that the spreads differ from account to account. A standard account has a spread from 1.6 pips which is above the average.

Ruizean Markets has limited amount of trading instruments. It offers trades on assets such as currency pairs and CFDs on indices, precious metals, and commodities. These options are small compared to what other brokers offer.

A leverage of up to 1:400 is offered.

Deposits and Withdrawal Methods

Payments on Ruizean Markets can probably be made via the standard means: Visa, MasterCard and Bank transfer. It does not mention if other e-Wallets means are available.

It states that there is no commission charged on deposits and withdrawals. Ruizean Markets does mention a minimum requirement of $100. The broker does not give further information about funds on the page.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is Ruizean Markets A Licensed Broker?

Yes, Ruizean Markets holds a license and is registered to the Cyprus Security and Exchange Commission. This means that fund misappropriation by this broker would be checked by the authorities.

Support

To contact Ruizean Markets customer care agents call: +61 2 9017 5230 (Sydney) or +61 3 9039 2399 (Melbourne).

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Conclusion

The fact that Ruizean Markets is licensed in Cyprus is encouraging. Means that funds have a degree of safety with this broker. The high spread on the standard account is a disadvantage because not all clients will be able to afford the ECN account. There is also limited trading option open to traders.

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Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

RuizeanMarket review – 5 things you should know about Ruizeanmarket.com

Beware! RuizeanMarket is an offshore broker! Your investment may be at risk.

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

RuizeanMarket is a Cyprus based brokerage that focuses on CFD trading. It holds a license from a top European regulatory agency and provides its clients with the MetaTrader 5 terminal. The minimum deposit is below the standard $250 which we view as quite favorable but the spread on EUR/USD is a bit high at 1.8 pips.

RuizeanMarket regulation & safety of funds

The brokerage RuizeanMarket is a broker brand of the Cyprus-based company Ruizean Markets Ltd. It assures its clients of its legitimacy by following the strictest regulatory standards. The company is licensed by the Cyprus Securities and Exchange Commission with CIF license number 340/17. Cysec is one of the top regulatory agencies in the world. Brokerages licensed by it have to comply with rules such as a minimum starting capital of $730 000 which gives assurance for financial stability. Furthermore, companies that fall under the regulatory oversight of CySEC are members of the Investor Compensation Fund which renders them capable of providing compensations of up to 20,000 EUR per person in the unlikely even the brokerage goes bankrupt. We always recommend readers deal only with regulated brokerages that have been issued licenses by top-notch agencies such as CySEC or The Financial Conduct Authority of the UK which is also among the foremost regulators in Europe and also requires a minimum capital of €730 000. There is also a compensation scheme set up which may recover clients losses up to €85 000.

Ruizean Markets trading software

As was stated above, the brokerage provides the MetaTrader 5 platform which is among the foremost trading terminals in Forex trading at the moment, close to 80 percent of users prefer it. The platform provides an advanced charting package, lots of technical indicators, extensive back-testing environment and a variety of Expert Advisors (EAs). Beginner traders will find the trading platform easy to use as well, due to its user-friendly lay out.We were able to register for a demo account and get a look at it. However, we must point out here that the selection of trading products available for clients ис not all that impressive, they do include CFDs on precious metals, indices, however, crypto currencies which we highly value as an advantage for potential clients are missing as trading products. As was stated above – the required minimum deposit is quite low and favorable – traders need to risk only $100 to begin trading with Ruizean Markets. The industry average in Forex trading is a pip and a half which, however, puts the spread offered by Ruizean Markets outside what we would call favorable. Furthermore, the brokerage extends a leverage up to only 1:30 which is quite conservative but also the maximum allowed under the latest guidelines by the European Securities and Markets Authority (ESMA).

Ruizean Markets deposit/withdrawal methods and fees

We could not find information regarding the available payment methods but usually in Forex trading potential clients of a broker may deposit or withdraw via the standard Visa and MasterCard, as well as bank transfer. There are no withdrawal or deposit fees, nor we could we find any troubling provisions in the terms and conditions of the brokerage. All accounts that have been inactive for more than a month will be subject to a $15 charge. However, due to the obscene amount of scamming in online Forex trading, we always advise traders to put up only the required minimum deposit, instead of risking a bigger amount with no certainty. Afterwards, they may also try to withdraw a small amount in order to check for any unexpected fees or delays. Such fees and delays are usually the signs of a scammer.

RoboForex Review: Is RoboForex.com A Legit Broker Or Scam?

RoboForex Ltd is a brokerage run by RoboForex Group, an international company. From all indications, it seems to be based in the UK, though not clearly stated. The broker says it has been trading since 2009.

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The page claims that RoboForex has spreads from 0 pips and executes orders quickly. A leverage of up to 1:2000 is offered. It trades on EUR, USD, CNY, RUB, BTC, ETH, and Gold. There are 8 asset classes offered and an affiliate program of 50% profit sharing.

6 types of accounts are open to clients and they range from a minimum deposit of 10 USD/10 EUR/100 CNY to 5,000 USD. A free demo account is available as well. The website mentions that the broker has 800,000 clients in 169 countries. Also, many awards because of its performances.

RoboForex Trading Platform

The RoboForex Trading Software is stated to use the MT4, MT5, cTrader, R Trader platforms. Most of the accounts however trade on MT4, MT5 and WebTrader platforms. This is a big advantage for clients. Spreads differ depending on the account that is being operated.

36 currency pairs, metals, CFDs, Cryptocurrencies are trading instruments available. Indices, Stocks, ETFs are also used. The spreads differ and depends on the type of account being run.

Deposits and Withdrawal Methods On RoboForex

The page states that there are over 20 deposit options including; Visa, MasterCard, Skrill, Neteller, UnionPay, Bank Wire Transfer and many more.

Deposits are made at 0% commission as RoboForex claims to cover all expenses. Clients are promised compensation for funds withdrawal twice a month. The withdrawals can be as fast as “within a minute for certain payment methods” according to roboforex.com

Minimum deposits have been stated above. No mention is made of withdrawal charges.

Is RoboForex A Licensed Broker

Yes. RoboForex belongs to RoboForex Group as was mentioned in the opening. It is a company regulated by the International Financial Services Commission (IFSC). Their license number is IFSC/60/271/TS.

As a regulated body, misappropriation of funds by this broker will be looked into by the commission.

Support

To contact the customer care agent of this broker, call: +65 3158 8389

Conclusion

RoboForex has a lot going for it. Holding a license from IFSC is a huge advantage and shows your money is safe. The professional way information is given shows that the broker knows the market. The trading platforms it offers and instruments are also good.

The only fishy thing found from our investigation is a negative review on FPA. A Chinese investor claims that he was scammed $400k. However, since this is a licensed broker, such huge sum will surely be looked into by the authorities.

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Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

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