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RannForex
Seychelles|2-5 years| https://rann.forex/en/
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RannForex Limited
RannForex
Seychelles
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- The Seychelles FSA regulation with license number: SD151 is an offshore regulation. Please be aware of the risk!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:1000 - 1:10 |
| Minimum Deposit | -- |
| Minimum Spread | from 0 |
| Products | 65+ instruments: Currency pairs, Metals (spot), Oil&Gas, CFD index |
| Currency | -- |
|---|---|
| Minimum Position | 1 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:1000 - 1:10 |
| Minimum Deposit | -- |
| Minimum Spread | from 0 |
| Products | 65+ instruments: Currency pairs, Metals (spot), Oil&Gas, CFD index |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:1000 - 1:10 |
| Minimum Deposit | -- |
| Minimum Spread | from 0 |
| Products | 65+ instruments: Currency pairs, Metals (spot), Oil&Gas, CFD index |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:1000 - 1:10 |
| Minimum Deposit | -- |
| Minimum Spread | from 0 |
| Products | 65+ instruments: Currency pairs, Metals (spot), Oil&Gas, CFD index |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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RannForex · Company Summary
| Broker Name | RannForex |
| Registered Country | Seychelles |
| Company Name | RannForex |
| Regulation | Financial Services Authority (FSA), License Number: SD151 |
| Minimum Deposit | $2.00 |
| Maximum Leverage | Up to 1:500 |
| Spreads | from 0.1 |
| Trading Platforms | MetaTrader 5 (MT5) |
| Tradable Assets | Indices, Forex pairs, Commodities |
| Account Types | MT5.PRO, MT5.ZERO,MT4.PRO,MT5.CRYPTO.FUT,MT5.IPO,PAMM |
| Demo Account | Yes |
| Customer Support | Email: info@rann.forex |
| Payment Methods | Bank Transfer, Volet (ex Advcash), Perfect Money |
Overview of RannForex
RannForex is a well-regulated broker operating under the Financial Services Authority (FSA) with license number SD151. Founded in Seychelles, the company offers a wide range of market instruments including indices, forex pairs, and commodities. The broker provides high leverage up to 1:500 and supports trading on the advanced MetaTrader 5 platform.
Regulation
RannForex operates under the regulation of the Financial Services Authority (FSA). They hold the license number SD151. This ensures they adhere to the required financial standards and practices.
Pros and Cons
RannForex stands out for its wide range of market instruments, competitive trading conditions, and the use of the advanced MetaTrader 5 platform. The broker offers flexible account options with low minimum deposits and high leverage, making it accessible to both new and experienced traders. Immediate deposit and withdrawal options add to convenience. However, the broker does charge commissions on certain accounts, and traditional bank transfers can take a few days.
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Market Instruments
RannForex provides a wide variety of market instruments for traders, covering indices, forex pairs, and commodities.
For indices, traders can access popular markets such as the ASX200, CAC40, DAX30, DJI30, FTSE100, HSI50, IBEX35, JP225, NQ100, SP500, and STOXX50. These indices represent major global markets and offer opportunities for trading on the performance of large groups of stocks.
In the forex market, RannForex offers an extensive selection of currency pairs. These include major pairs like AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNOK, EURNZD, EURPLN, EURRUB, EURSEK, EURSGD, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, NZDCAD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDCHF, USDCNH, USDDKK, USDHKD, USDJPY, USDMXN, USDNOK, USDPLN, USDRUB, USDSEK, USDSGD, and USDZAR. These pairs encompass a broad range of global currencies, allowing traders to engage in diverse trading strategies across different regions and economies.
For commodities, RannForex provides trading opportunities in precious metals and energy resources. Traders can invest in silver and gold through pairs like XAGAUD, XAGUSD, XAUAUD, XAUEUR, and XAUUSD. Additionally, energy commodities such as XBRUSD, XNGUSD, and XTIUSD are available, offering traders exposure to the dynamics of the global energy markets.
Account Types
RannForex offers a variety of trading account types to cater to different trading needs and preferences. Each account type provides unique features and conditions designed to optimize the trading experience.
MT5.PRO accounts offer aggregated liquidity and support trading in Forex and CFD instruments. These accounts can be operated with either hedging or netting accounting methods. There is no minimum deposit requirement, and the minimum trading volume is 0.01 lot. Traders can leverage up to 1:500 and trade a maximum volume of 100 lots. Commissions are $20 per 1 million USD traded (for one side), which is around $4 per lot. Additionally, the account includes features such as locked margin at 50%, dividend adjustments for CFD indices, and a stop-out level at 60%.
MT4.PRO accounts also provide aggregated liquidity for Forex and CFD trading with a hedging accounting method. Similar to the MT5.PRO accounts, there is no minimum deposit, and the minimum trading volume is 0.01 lot. The maximum volume and leverage are the same, with 100 lots and 1:500, respectively. The commission structure is identical at $20 per 1 million USD traded, equating to around $4 per lot, and includes locked margin at 50%, dividend adjustments for CFD indices, and a 60% stop-out level.
MT5.ZERO accounts are another option with aggregated liquidity for Forex and CFD trading. They support both hedging and netting accounting methods, with no minimum deposit and a minimum volume of 0.01 lot. The maximum volume is 100 lots, and the leverage is 1:500. These accounts have no commissions, making them attractive for cost-conscious traders. Other features include locked margin at 50%, dividend adjustments for CFD indices, and a stop-out level at 60%.
MT5.CRYPTO.FUT accounts provide access to Binance liquidity for crypto trading. These accounts support both hedging and netting accounting methods, with no minimum deposit and a minimum trading volume of 5 USDT. There is no maximum volume restriction, and leverage is set at 1:20. Commissions are 0.08% per trade (one side), and there is locked margin at 50%. These accounts do not offer dividend adjustments and have a stop-out level at 60%.
MT5.IPO accounts focus on trading IPO and Pre-IPO instruments with exchange liquidity. They use a hedging accounting method and require no minimum deposit. The minimum volume is 1, and the maximum volume is 10,000. Leverage is 1:1, and there is no locked margin. Commissions include both a trading commission and a commission from profit. These accounts do not offer swaps or dividend adjustments and have no stop-out level.
PAMM accounts on amtsinvest.com provide access to aggregated liquidity for Forex, CFD, and Crypto trading. These accounts support both hedging and netting accounting methods with no minimum deposit and a minimum volume of 0.01 lot. The maximum volume is 100 lots, and leverage is 1:500. Commissions are slightly higher at $25 per 1 million USD traded, equating to around $5 per lot. They include locked margin at 50%, dividend adjustments for CFD indices, and a stop-out level at 60%.
These various account types from RannForex cater to a range of trading preferences, offering flexibility in terms of deposit requirements, trading instruments, leverage, and commission structures.
Leverage
RannForex offers a maximum trading leverage of up to 1:500, allowing traders to control larger positions with a smaller amount of capital. This means you can potentially earn higher profits from small market movements, but it also increases the risk of losses. The high leverage is ideal for experienced traders who understand and can manage these risks.
Additionally, to protect traders from high market volatility, the maximum leverage is reduced to 1:100 one hour before the market closes on Fridays. This helps mitigate potential risks over the weekend when markets are closed.
Spreads and Commissions
RannForex offers a range of trading accounts, each with distinct spreads and commission structures tailored to different trading needs. For MT5.PRO and MT4.PRO accounts, traders benefit from tight spreads due to aggregated liquidity. These spreads are variable and depend on market conditions, ensuring competitive trading costs. On the other hand, MT5.ZERO accounts stand out with zero spreads, providing an advantageous option for traders who prioritize cost efficiency and precise market entries and exits.
MT5.CRYPTO.FUT accounts, which focus on crypto trading, offer variable spreads that reflect the high liquidity and dynamic nature of the crypto market. The spreads in these accounts are competitive and benefit from the liquidity provided by Binance. For MT5.IPO accounts, which cater to trading IPO and Pre-IPO instruments, the spreads can vary significantly due to the nature of these markets. These spreads are designed to reflect the underlying exchange liquidity and the specific characteristics of each IPO offering.
In PAMM accounts, which involve professional management and potential profit-sharing, traders also enjoy tight spreads through aggregated liquidity. These spreads are competitive, providing an advantageous trading environment for both managers and investors.
The commission structures in RannForex accounts are designed to be transparent and predictable. MT5.PRO and MT4.PRO accounts charge a commission of twenty dollars per one million USD traded, which translates to approximately four dollars per lot. This structure ensures that traders have clear and straightforward trading costs. MT5.ZERO accounts, however, offer a distinct advantage with no commission charges, making them highly attractive for traders looking to minimize additional trading fees.
MT5.CRYPTO.FUT accounts charge a commission of 0.08 percent per trade, which scales with the size of the trade, maintaining cost efficiency for crypto traders. MT5.IPO accounts have a dual commission structure that includes both a trading commission and a commission from profits. This structure aligns the interests of traders and the brokerage, with commissions reflecting both trading activity and profitability.
In PAMM accounts, the commission is twenty-five dollars per one million USD traded, or about five dollars per lot. This higher commission rate reflects the managed nature of these accounts, which provide professional management and potential profit sharing between managers and investors.
Overall, RannForex offers a comprehensive range of spreads and commission structures across its various trading accounts, ensuring flexibility, competitiveness, and transparency for traders with different needs and preferences.
Deposit & Withdrawal
RannForex provides a variety of deposit and withdrawal options designed to offer flexibility and convenience for traders.
Deposit Options
For depositing funds, RannForex supports three main methods:
- Bank Transfer: This traditional method allows traders to deposit funds in USD with a fee of 15 USD. The transfer process typically takes a few days to complete. This option is ideal for those who prefer using regular wire transfers through their banking institutions.
- Volet (ex Advcash): Traders can deposit funds using Volet, a popular payment system, with deposits made in USD. The fee for using this method is 1%, and the funds are credited immediately. Volet is known for its efficiency and convenience, making it a favorable choice for many traders.
- Perfect Money: Another popular payment system, Perfect Money allows deposits in USD with a 2% fee. Deposits via Perfect Money are also processed immediately, providing quick access to trading funds.
Withdrawal Options
RannForex ensures that withdrawing funds is as straightforward as depositing them, offering the following methods:
- Bank Transfer: Similar to deposits, withdrawals via bank transfer are processed in USD with a fee of 15 USD. The withdrawal process takes a few days to complete, making it a reliable option for those who prefer traditional banking methods.
- Volet (ex Advcash): Withdrawals using Volet are done in USD with a 2% fee. The process is immediate for amounts up to 500 USD per day, with automatic processing. This method is efficient for those needing quick access to their funds.
- Perfect Money: For withdrawals, Perfect Money also charges a 2% fee and processes transactions in USD. Similar to Volet, withdrawals are immediate up to 500 USD per day, providing traders with rapid access to their money.
These options ensure that traders can choose the method that best suits their needs, whether they prioritize speed, cost, or the convenience of their preferred payment system.
Trading Platforms
RannForex utilizes the MetaTrader 5 (MT5) platform, renowned as one of the most popular trading platforms for Forex and CFD markets. MT5 is celebrated for its functionality, convenience, and reliability, earning its reputation as one of the best trading platforms in the world. The platform supports trading on both demo and live accounts, offering a trailing stop feature and a wide variety of free data, indicators, advisors, and scripts. Additionally, MT5 allows traders to create their own indicators, advisors, and strategies using the MQL programming language, facilitating advanced automated trading with Expert Advisors.
Furthermore, RannForex ensures traders can manage their accounts and make transactions from any location with the MetaTrader 5 mobile app. The app is available for iPhone, iPod touch, iPad, Android, and Windows Mobile devices, providing flexibility and control for traders on the go. By using any mobile MT5 app, traders can access their RannForex accounts and connect to MTrading servers, ensuring seamless trading experiences across multiple devices. The mobile platform enables traders to stay connected to the markets and their accounts, making trading accessible and convenient from virtually anywhere.
Customer Support
RannForex offers dedicated customer support to assist traders with their inquiries and needs. For direct communication, traders can reach out via email at info@rann.forex, ensuring prompt responses to their questions and concerns. The broker's head office is located at Block B, Global Village, Jivan's Complex, Mont Fleuri, Mahe, Seychelles, providing a reliable physical address for additional support and verification. This combination of email support and a well-established head office underscores RannForex's commitment to providing comprehensive and accessible customer service.
Conclusion
RannForex is a well-regulated broker operating under the Financial Services Authority (FSA), offering a wide range of market instruments, including indices, forex pairs, and commodities. With two main account types, MT5.PRO and MT5.ZERO, RannForex caters to diverse trading needs by providing competitive spreads and commission structures. The broker supports various deposit and withdrawal methods, ensuring flexibility and convenience for traders. Utilizing the MetaTrader 5 platform, RannForex delivers a robust trading experience with advanced features and mobile accessibility. Additionally, their dedicated customer support, accessible via email and a well-established head office, underscores their commitment to providing comprehensive service.
FAQs
What is the minimum deposit required to open an account with RannForex？
The minimum deposit required is $2.00.
What trading platforms does RannForex offer？
RannForex offers the MetaTrader 5 (MT5) platform.
What is the maximum leverage available at RannForex？
The maximum leverage available is up to 1:500.
Are there any commissions on trades with RannForex？
Yes, the MT5.PRO account has a commission of $20 per 1 million USD traded, while the MT5.ZERO account has no commissions but includes costs in the spread.
How can I contact RannForex customer support？
You can contact RannForex customer support via email at info@rann.forex.
Risk Warning
Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.
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