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Ridder Trader

Mauritius|2-5 years|
Retail Forex License|White label MT5|Chinese market only|Suspicious Overrun|Medium potential risk|Offshore Regulated|

https://riddertrader.com/

Website

Rating Index

MT4/5 Identification

MT4/5

White Label

RidderTrader-Demo

Hong Kong
MT5
1

Influence

C

Influence index NO.1

Malaysia 2.89

MT4/5 Identification

MT4/5 Identification

White Label

1
Server Name
RidderTrader-Demo MT5
Server Location Hong Kong

Influence

Influence

C

Influence index NO.1

Malaysia 2.89

Surpassed 68.90% brokers

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Contact

+60 3220 19194
info@riddertrader.com
https://riddertrader.com/
Suite 201, 2ndFloor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity, 72201, Mauritius

Licenses

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

Single Core

1G

40G

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Contact number

English

+60 3220 19194

Broker Information

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Company Name

Ridder Trader Group Ltd

Company Abbreviation

Ridder Trader

Platform registered country and region

Mauritius

Company website

Pyramid scheme complaint

Expose

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WikiFX Risk Alerts 2
Previous Detection : 2024-04-24
  • This broker exceeds the business scope regulated by Australia ASIC(license number: 643 571 377)Administration of Industry and Commerce-Register Non-Forex License. Please be aware of the risk!
  • The Mauritius FSC regulation with license number: GB23201566 is an offshore regulation. Please be aware of the risk!

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Ridder Trader · Company Summary

Registered in Australia
Regulated by ASIC
Year(s) of establishment 2-5 years
Trading instruments Futures, indices, metals, commodities, forex pairs, shares
Minimum Initial Deposit Information not available
Maximum Leverage 1:1000
Minimum spread 0.0 pips onwards
Trading platform MT5
Deposit and withdrawal method Information not available
Customer Service 24/5 Email, phone number, address, live chat
Fraud Complaints Exposure No for now

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

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.

What type of broker is Ridder Trader?

Advantages Disadvantages
Ridder Trader offers tight spreads and fast execution due to its Market Making model. As a counterparty to its clients' trades, Ridder Trader has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients.

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.

General information and regulation of Ridder Trader

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.

General information

Market instruments

Advantages Disadvantages
Diversified range of instruments including futures, indices, metals, commodities, forex pairs, and shares No cryptocurrencies available for trading
Access to global markets with over 200 instruments Limited selection of shares compared to other brokers
High leverage options available for forex and CFD trading Limited selection of commodities compared to other brokers
Competitive spreads and pricing No fixed income instruments available for trading

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.

market instruments

Spreads and commissions for trading with Ridder Trader

Advantages Disadvantages
Different account types with varying commission structures Certain accounts charge commissions
Zero-Commission trading environment available Spreads may not always be the tightest in the industry
Transparent commission rates listed on website

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.

image.png

Trading accounts available in Ridder Trader

Advantages Disadvantages
Various types of accounts to choose from Minimum deposit requirement not disclosed
24/5 customer support available Limited information on the features of each account
Flexible leverage up to 1:1000
STP/ECN account category for traders who prefer low spreads and fast execution
Different account categories cater to different trading styles and preferences

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.

account types
account types

Trading platform(s) that Ridder Trader offers

Advantages Disadvantages
MetaTrader 5 platform available for trading Limited platform options for traders
Available for desktop, web, and mobile devices No proprietary trading platform
Advanced charting and technical analysis tools Limited customization options for platform interface
Automated trading options through Expert Advisors No social trading or copy trading features
Multi-asset trading capabilities Limited news and research resources on the platform

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.

trading platform

Maximum leverage of Ridder Trader

Advantages Disadvantages
Allows traders to magnify potential profits with smaller investments High leverage can also magnify potential losses
Provides flexibility in trading strategies Inexperienced traders may be at risk of making large losses
Can increase trading volume and liquidity May require additional risk management strategies
Allows for diversification of portfolio May not be suitable for all traders and trading styles

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.

maximum leverage

Deposit and Withdrawal: methods and fees

As there is no information available about deposit and withdrawal methods, fees, processing times, or limits, it is difficult to evaluate this dimension of Ridder Trader. The lack of transparency regarding these important aspects of trading with a broker may be a cause for concern for potential clients. Without this information, it is challenging to compare Ridder Trader with other brokers or assess the convenience of their services. Furthermore, there may be hidden costs or uncertainty regarding transaction processing. Overall, it is essential for brokers to provide detailed information about their deposit and withdrawal methods, fees, processing times, and limits to build trust with their clients.

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

Advantages Disadvantages
Multiple channels of support available No 24/7 customer support
Prompt response within 24 hours on business days No dedicated account manager
Live chat available for quick assistance Limited contact options outside of business days/hours
Phone support available 24/5 No localized support in other languages

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.

customer support

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.

News

WikiFX Reviews Ridder Trader Group in Depth

NewsWikiFX Reviews Ridder Trader Group in Depth

2023-10-09 17:11

In this article, we'll look in-depth at Ridder Trader Group, examining its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service.

WikiFX
2023-10-09 17:11
News
WikiFX Reviews Ridder Trader Group in Depth

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FX1653027125
more than one year
Account opening was rejected without providing any reasons. When inquiring with customer support, they mentioned that we are unable to disclose the reasons. I have accounts with seven-figure balances at multiple top-tier brokers worldwide, yet they denied my account.
2024-03-22 15:07
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0
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Anastasia Beauchamp
more than one year
Okay folks, here's my two cents on Ridder Trader. The platform is easy as pie, and their resources for beginners? Top notch! The account types cater to just about every kind of trader, from the fresh beans to the big guns. And the spreads and fees? Pretty reasonable, nothing to worry your wallets. But when it comes to their customer service, it's a bit like spinning a roulette wheel - sometimes you hit the jackpot, other times it's a dry run. But for those just dipping their toes in trading, it's a good starting block!
2023-12-01 11:33
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0
0
Curiosity
more than one year
The account types cater to just about every kind of trader, from the fresh beans to the big guns. And the spreads and fees? Pretty reasonable, nothing to worry your wallets. But when it comes to their customer service, it's a bit like spinning a roulette wheel - sometimes you hit the jackpot, other times it's a dry run. As for the trading instruments, well, they could do with some ramping up. So, if you're a seasoned trader with a taste for variety, Ridder Trader might seem a bit lean. But for those just dipping their toes in trading, it's a good starting block!
2023-11-30 17:35
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0
0
。时间有泪
more than one year
Great trading conditions, great leverage up to 1:500, low spreads, This Ridder Trader Group offers all that I need. Furthermore, trading platform is very stable. I have recommended it to many friends of mine.
2023-03-02 10:08
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0
0
HoeiFookGam
more than one year
I open an account since Oct 2022. The A.I.'s fantastic. It gives me profit 6 or 7 out of 10 trades. Low risk cause it trades only Currencies, no Overnight, no Averaging position, cut loss around 1,5% at max from my own experiences. highly recommended.
2022-12-21 11:43
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0
1
冰焰38575
more than one year
A friend of mine recommended this company to me and I think it really deserves it. The customer service they offer is fantastic. I get a quick response and my issues are resolved quickly. When I trade, I tend to choose a platform that provides MT5 services, and Ridder Trader satisfies this point.
2022-11-30 18:35
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0
1
FX1056764795
more than one year
A friend of mine, one who introduced me to trading told me that he found a new broker that he thought I should try. Naturally, as he was the one that introduced me to trading, I was obliged and excited to see this broker that he found.
2022-11-28 16:09
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0
1
FX1062524577
more than one year
A platform offering excellent trading conditions, rich trading assets, flexible leverage, mt5 platform. However, it doesn’t provide a demo account, online support, and they took a long time to answer my questions after I emailed them.
2022-11-28 13:56
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