Information about RannForex Company
RannForex started its operations in 2013 and is owned by RD GLOBAL SOLUTIONS LP, headquartered in the United Kingdom. The broker is registered in Saint Vincent and the Grenadines. The company does not have a license. The founder of the broker is Dmitry Rannev.
Trading Opportunities at RannForex
RannForex offers traders the opportunity to trade a variety of assets, including exotic and major currency pairs, cryptocurrencies, stocks of major companies, stock indices, metals, and commodities.
Account Types and Trading Conditions
The broker offers three types of accounts with no minimum deposit restrictions:
- ECN.MT5 — leverage up to 1:100, trade volume from 0.01 to 100 lots, $20 commission per $1 million, locked margin 50%, stop out 60%, market swap.
- ECN.MT4 — leverage up to 1:100, trade volume from 0.01 to 100 lots, $20 commission per $1 million, locked margin 50%, stop out 60%, market swap.
- PAMM.ECN.MT4 — leverage up to 1:100, trade volume from 0.01 to 100 lots, $25 commission per $1 million, locked margin 50%, stop out 60%, market swap.
The leverage size depends on the chosen instrument.
Trading Platforms at RannForex
Clients can use trading platforms:
- MetaTrader 4,
- MetaTrader 5.
The platforms are equipped with analytical tools and allow one-click order execution. There is no mobile version of the platform.
Deposit and Withdrawal of Funds
Deposits can be made via credit/debit card, bank transfer, or electronic payment system. The deposit fee depends on the method and ranges from 0% to 3.5%. Withdrawals can be made through the same methods with a fee of 0% to 3.5% and processing time from a few hours to three days.
Registration and Access to the Personal Account
Registration on the platform starts with the “Open Account” button in the top right corner of the website. After selecting an account, clients must contact the online chat for registration. Self-registration is not available. All clients must undergo account verification by providing passport scans and utility bill receipts.
Conclusion
RannForex, without a license, requires a cautious approach. It is recommended to study the legal information on the website, watch video materials, read reviews online, and consult with an expert if necessary.