About RannForex Brokerage
RannForex, established in 2013, is under the ownership of RD GLOBAL SOLUTIONS LP, based in the United Kingdom. The company is registered in Saint Vincent and the Grenadines but does not possess a license. Dmitry Rannev is the founder of the brokerage.
Trading Options with RannForex
RannForex provides traders with a diverse range of trading opportunities, including exotic and major currency pairs, cryptocurrencies, stocks of prominent companies, stock indices, metals, and commodities.
Account Types and Trading Terms
The broker offers three account types with no minimum deposit requirements:
- 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 offered depends on the specific trading instrument.
Trading Platforms Available at RannForex
Clients have access to the following trading platforms:
- MetaTrader 4,
- MetaTrader 5.
These platforms come equipped with analytical tools and support one-click order execution. However, there is no mobile version available.
Deposits and Withdrawals
Deposits can be made using credit/debit cards, bank transfers, or electronic payment systems. Deposit fees range from 0% to 3.5%, depending on the method chosen. Withdrawals follow the same methods with fees ranging from 0% to 3.5% and processing times varying from a few hours to three days.
Registration and Account Access
Registration on the platform begins by clicking the “Open Account” button located in the top right corner of the website. Upon selecting an account type, clients are required to contact the online chat for registration as self-registration is unavailable. All clients must undergo account verification by submitting scanned copies of their passport and utility bill receipts.
Final Thoughts
Given RannForex’s lack of a license, a cautious approach is advised. It is recommended to thoroughly review the legal information provided on the website, engage with the available video resources, explore online reviews, and seek expert advice if necessary.
This review has been prepared by the specialists at ExpertsReview.