Renesource Capital

• Categories: Forex brokers, Ratings

About Renesource Capital

Renesource Capital is a prominent investment brokerage center operating in the Baltic region. Established as a private entity, the company operates independently without affiliations to banks or holding companies. Renesource Capital made history in Latvia by becoming the first company to secure a license for investment brokerage activities in 1999, in full compliance with European Union regulations.

Offering extensive access to a wide range of financial instruments, Renesource Capital caters to the trading needs of its clients, including:

• Forex
• Stocks
• CFDs
• Bonds
• Futures
• OTC

Renesource Capital provides a selection of popular trading platforms and the option to engage in voice trades across various markets.

Deposits and Withdrawals

Financial transactions are exclusively facilitated through bank transfers. Detailed information on correspondent banks and associated commissions can be found on the company’s website.

Opening an account requires submission of necessary documents and subsequent approval. It is important to note that funds can only be deposited from accounts specified during the account opening process. Similarly, withdrawals are processed exclusively to the designated accounts.

Key Advantages of Renesource Capital

• Possession of a license from the Latvian Financial and Capital Market Commission.
• Strict adherence to high standards set by the European Union.
• Extensive array of trading platforms and financial instruments available.
• Option to request additional investment services without any undue pressure.
• Non-residents have the convenience of submitting account opening documentation via mail.
• Documentation is provided in Latvian, English, and Russian languages for client clarity.

Potential Drawbacks

1. Residents of other countries may encounter perceived bureaucratic hurdles.
2. Restriction on the use of e-wallets and payment systems, with transactions limited to bank transfers only.

This review has been prepared by the specialists at ExpertsReview.