Ridder Trader

Overview of Ridder Trader Group

Ridder Trader Group is an international multi-assets registered brokerage firm. Ridder Trader offer clients to trade on Forex and Precious Metals with high interbank liquidity conditions, robust order execution in split second, ultra-tight spreads and many other advantages on MT5. With the segregated fund security under top tier banks, Ridder Trader is dedicated to ensuring traders around the world trade on more Ridder Trader opportunities anytime, anywhere.

They have identified and implemented the best trading conditions that are essential for traders, they provide a variety of trading tools for your advantage, offer the latest trading platforms to ensure your strategy implementation, and provide a 24/5 multilingual support tailored to your needs.

In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.

What Type of Broker Is Ridder Trader？

Ridder Trader is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, Ridder Trader acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that Ridder Trader has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with Ridder Trader or any other MM broker.

Regulatory Status

Ridder Trader's regulatory status involves several different authorities. The brokerage is currently offshore regulated by The Financial Services Commission (FSC) under license number GB23201566. This regulation oversees financial transparency, client fund security, and fair trading practices.

However, it is important to note that Ridder Trader's regulations with the Australian Securities & Investment Commission (ASIC) have been revoked and exceeded for license number 001283164 and 643 571 377 respectively. The revocation and exceeding of licences typically indicate a breach of compliance or regulatory standards. Therefore, potential clients should exercise caution and make sure they fully understand the implications of an offshore regulatory status.

Pros and Cons of Ridder Trader

Pros:

• Regulated by ASIC, ensuring the safety of clients' funds

• Offers a wide range of trading instruments including futures, indices, metals, commodities, forex pairs, and shares

• Provides various account types with different trading environments, including Zero-Commission trading

• Offers high leverage up to 1:1000

• 24/5 customer support available via email, phone, and live chat

Cons:

• No educational resources or materials provided for beginner traders

• Limited information available on deposit and withdrawal options and fees

• The website is not very user-friendly and may be difficult to navigate for some users.

Market Instruments

Ridder Trader offers a diversified range of instruments for trading including futures, indices, metals, commodities, forex pairs, and shares. With over 200 instruments available, traders have access to global markets and the opportunity to diversify their portfolios. Additionally, the broker offers high leverage options for forex and CFD trading, competitive spreads and pricing, and a user-friendly platform. However, there are some limitations to consider, such as the absence of cryptocurrencies available for trading and the limited selection of shares and commodities compared to other brokers. Furthermore, Ridder Trader does not offer fixed income instruments for trading. Overall, the instrument dimension of Ridder Trader offers a decent range of options for traders but may not be the best fit for those looking to trade cryptocurrencies or fixed income instruments.

Spreads and Commissions

Ridder Trader's commission structure is dependent on the type of trading account selected by the trader. The Zero-Commission trading environment is available in some account types, while others charge commissions. The Zero-Fixed account offers spreads from 0.0 pips and has a commission structure with rates varying by currency pair. While the commission rates are relatively low, traders must keep in mind that certain accounts charge commissions. Additionally, the spreads may not always be the tightest in the industry. However, Ridder Trader's transparent listing of commission rates on their website is a positive aspect of their trading costs dimension.

The spreads can be seen in a table. for example, the AUDCAD live floating spreads for micro account, premium account and VIP account are respectively 5.7 pips.

Trading Accounts available in Ridder Trader

Ridder Trader offers a variety of account types to suit different trading preferences and styles. The Live Floating/Live Fixed account category includes Micro, Premium, VIP, and Zero Fixed accounts, while the STP/ECN category includes No Commission, Zero Spread, and Absolute Zero accounts. Each account type has its own unique features, such as different spreads and commissions, but the minimum deposit required for each account is not disclosed. However, traders can take advantage of 24/5 customer support and flexible leverage up to 1:1000. The STP/ECN account category is ideal for traders who prefer low spreads and fast execution, while the different account categories cater to different trading styles and preferences.

Trading Platform(s) that Ridder Trader offers

Ridder Trader offers its clients the widely popular MetaTrader 5 platform for trading on desktop, web, and mobile devices. The platform comes with advanced charting and technical analysis tools, as well as automated trading options through Expert Advisors. This platform also allows traders to trade various asset classes, including forex, futures, indices, metals, and commodities. However, the platform has limited customization options for its interface, and there are no social trading or copy trading features available. Additionally, Ridder Trader's platform lacks in providing news and research resources to traders, which can be a disadvantage for those who rely heavily on these resources for their trading decisions.

Maximum Leverage of Ridder Trader

The maximum leverage offered by Ridder Trader is up to 1:1000, which is a high level of leverage. This means that traders can open positions with a much larger notional value than their account balance, allowing them to potentially make larger profits with a smaller investment. However, it is important to note that high leverage can also magnify potential losses, and inexperienced traders may be at risk of making large losses if they do not manage their risk properly. Traders who use high leverage should have a solid understanding of risk management strategies and be aware that this may not be suitable for all traders and trading styles.

Deposit and Withdrawal: Methods and Fees

Educational Resources in Ridder Trader

Ridder Trader appears to have a significant disadvantage in the educational resources dimension. The company does not offer any trading tutorials, webinars, seminars, or educational materials to help traders improve their trading skills. This lack of educational resources is likely to be a significant drawback for new traders who are just starting out and need guidance on how to trade effectively. Without proper education, traders may face difficulties understanding the complex trading concepts, and may have to look elsewhere to find the education they need. In addition, more experienced traders who are looking to refine their skills may not find the educational resources they need to stay ahead of the competition.

Customer Service of Ridder Trader

Ridder Trader offers multiple channels of customer support, including email, phone, and live chat. Their email support promises a response within 24 hours on business days, and their phone support is available 24/5. Live chat is also available for quick assistance. However, there is no dedicated account manager and the customer support is not available 24/7. Additionally, support in other languages is not offered, limiting accessibility for non-English speakers.

Conclusion

In conclusion, Ridder Trader is an ASIC-regulated forex broker that offers a variety of trading instruments, account types, and platforms to its clients. Its maximum leverage of up to 1:1000 and low spreads on some accounts make it an attractive option for traders. However, the lack of educational resources and information about deposits and withdrawals may be a disadvantage for some traders. The customer care options, including email, phone, and live chat, are available for clients' convenience. Overall, Ridder Trader has its strengths and weaknesses, and traders should carefully consider their specific trading needs and preferences before choosing this broker.

Frequently asked questions about Ridder Trader

• Question: Is Ridder Trader a regulated forex broker？

• Answer: Yes, Ridder Trader is a regulated forex broker registered in Australia and authorized and regulated by the Australian Securities and Investments Commission (ASIC).

• Question: What trading platforms are available at Ridder Trader？

• Answer: Ridder Trader offers the popular trading platform, MetaTrader 5 (MT5), which is available for desktop, web, and mobile devices.

• Question: What types of trading accounts are offered at Ridder Trader？

• Answer: Ridder Trader offers different types of trading accounts, including Micro, Premium, VIP, No Commission, Zero Spread, Absolute Zero, and Zero Fixed accounts.

• Question: What is the maximum leverage offered by Ridder Trader？

• Answer: The maximum leverage offered by Ridder Trader is up to 1:1000.

• Question: Are there any educational resources available for traders at Ridder Trader？

• Answer: Unfortunately, Ridder Trader does not offer any educational resources or trading tools for traders.

• Question: What are the deposit and withdrawal options available at Ridder Trader？

• Answer: Information regarding deposit and withdrawal options is not available on the Ridder Trader website.

• Question: What is the customer support available at Ridder Trader？

• Answer: Ridder Trader provides 24/5 customer support through email, phone, and live chat.