About Rietumu Bank
Rietumu Bank is a well-established private bank based in Latvia, offering a diverse range of financial services, including brokerage services. The bank operates in compliance with European Union regulations, which facilitates its services and access to financial products in the Baltic region.
At Rietumu Bank, clients can take advantage of trading opportunities across various global exchanges, including Forex, derivatives, precious metals, stocks, bonds, futures, oil, and options. The bank also provides voice trading services for added convenience.
Brokerage Service Highlights
- Operates legally and holds the CRFC license.
- Ensures instant order execution, guaranteeing efficient trading operations.
- Offers a minimum deposit of $1000, making trading accessible to a wide range of clients.
- Supports scalping with no restrictions on order size or stop-loss distance.
RB Trader Station Trading Platform
The RB Trader Station is a versatile platform that enables users to trade a comprehensive range of assets through a user-friendly interface. It supports over 50 trading algorithms simultaneously and allows for user-defined orders.
One of the platform’s key features is the ability to work with Portfolio Margin accounts, which consider the risks associated with the investment portfolio. This feature helps enhance leverage and reduce financial exposure.
To access the RB Trader Station, a minimum deposit of $5,000 is required, and users can enjoy the convenience of mobile applications for trading on the go.
Additional Offerings
For clients who prefer trading on the Moscow Exchange, Rietumu Bank provides access to the QUIK trading terminal through mobile versions. The minimum deposit for utilizing this system is $10,000.
To deposit or withdraw funds, clients must open a current account with Rietumu Bank. Withdrawals can only be processed through the designated account, which may involve additional steps for non-resident clients of Latvia.
Areas for Improvement
The complex client identification process for non-residents of Latvia may pose inconvenience when utilizing the bank’s services.
Restrictions on depositing and withdrawing funds solely through Rietumu Bank accounts could be limiting for certain clients.
This review has been prepared by the specialists at ExpertsReview.