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The WikiFX Score of this broker is reduced because of too many complaints!

THE RIDGE

Ukraine|2-5 years|
Australia Common Business Registration Revoked|Suspicious Overrun|High potential risk|

http://www.ridgeltd.com/

Website

Rating Index

Contact

+38044 490 12 20
support@ridgeltd.com
http://www.ridgeltd.com/
42-44 Shovkovychna St., 3rd floor, Kyiv, Kyiv City, 02000
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

Chinese (Simplified)

+38044 490 12 20

Other ways of contact

Broker Information

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Company Name

THE RIDGE

Abbreviation

THE RIDGE

Platform registered country and region

Ukraine

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 5
Previous Detection : 2024-11-08
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • AustraliaASIC (license number: 622 971 840) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
  • This broker exceeds the business scope regulated by Australia ASIC(license number: 622 971 840)Administration of Industry and Commerce-Register Non-Forex License. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

THE RIDGE · WikiFX Survey

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THE RIDGE · Company Summary

General Information & Regulation

Founded in 2008, THE RIDGE sets its headquarter, operations, and customer service offices located in Ukraine. THE RIDGE is not subject to any valid regulation at this stage.

Market Instruments

THE RIDGE provides investors with financial products such as foreign exchange currency pairs, stocks, indices, precious metals, energy, and cryptocurrencies.

Minimum Deposit

THE RIDGE provides traders with two types of trading accounts to meet the needs of different traders, namely standard accounts and ECN accounts. The minimum initial deposit for a Standard account is $10, and the minimum initial deposit for an ECN account is $100.

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THE RIDGE Leverage

In terms of trading leverage, The RIDGE offers the maximum leverage of up to 1:100. This seems the conservative leverage, however, still enough to accomodate even more agressive trading strategy.

Spreads & Commissions

As for spreads, two trading accounts offer different spread conditions. The standard account offers the floating spreads based on 1.0 pip fixed spreads. The ECN account offers the spreads of 0.1 pips plus floating.

Trading Platforms

THE RIDGE RIDGE provides traders with two of the most popular trading platforms on the market today, the MT4 trading platform and the MT5 trading platform. MT5 has a user-friendly interface, customizable templates that encourage traders to use and develop smart trading, news feeds that go directly to the trading platform, the ability to view historical orders, and support for the web, Android phone, and Apple phone terminals. The RIDGE MT5 platform has all the best features of MT4 and has been adapted to suit the needs of RIDGE clients who want to master the market. MT5 has many advantages such as 21 different time frames, over 80 technical indicators, one-click trading, hedging allowed, etc.

Deposit & Withdrawal

Traders can make deposits to their THE RIDGE RIDGE account via wire transfer, USDT, and payment gateway. The minimum and maximum deposit and withdrawal amounts are based on the amount set by the system, and the fees charged will depend on the deposit and withdrawal channel used.

THE RIDGE Pros & Cons

THE RIDGE Advantages Include:

1. Richness of trading assets

2. Low initial deposit requirements

3. MT4 & MT5 trading platforms

THE RIDGE Disadvantages Include:

1. More confusing regulatory information

2. Fewer ways to fund

Review 8

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