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RedFinance

United Kingdom|2-5 years|
Suspicious Scope of Business|High potential risk|

https://redfinance.capital/

Website

Rating Index

Contact

compliance.eng@redfinance.capital
https://redfinance.capital/
Suite 305, Griffith Corporate Center, Kingstown P.O. Box 1510 St. Vincent and the Grenadines

Licenses

No valid regulatory information, please be aware of the risk!

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

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Broker Information

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Company Name

Shenanigans Consulting LTD

Abbreviation

RedFinance

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-02
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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RedFinance · WikiFX Survey

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RedFinance · Company Summary

RedFinance Review Summary
Registered Country/AreaUnited Kingdom
Founded Year2011
Company NameShenanigans Consulting LTD
RegulationUnregulated
Market InstrumentsDerivatives, Equities, Fixed Income, Cash, Commodities, FX
Account TypesVIP, Classic, Standard, Mini
Maximum LeverageVIP: 1:100, Classic: 1:80, Standard: 1:50, Mini: 1:30
Spreads1-5 pips for major currency pairs, 10-20 pips for minor currency pairs
Minimum DepositMini: $250, Standard: $5,000, Classic: $25,000, VIP: $50,000
Trading PlatformsWeb Platform (desktop and mobile), Mobile App (iOS and Android)
Customer SupportAddress: Suite 305, Griffith Corporate Center, Kingstown, P.O. Box 1510, St. Vincent and the Grenadines
Email: compliance.eng@redfinance.capital

Note: RedFinance's official website:https://redfinance.capital/ is currently inaccessible normally.

Red Finance Information

RedFinance, established in the United Kingdom in 2011, provides various market instruments, including derivatives such as interest rate swaps, currency swaps, credit default swaps, and equity swaps. It also offers equities, fixed income options, cash investments, commodities, and foreign exchange services. However, the company operates without regulation.

Pros and Cons

ProsCons
Offers 6 financial instrumentsUnregulated
4 account typesLeverage up to 1:100
Web and mobile trading platformsHigh minimum deposit
Low minimum deposit for some accounts

Is RedFinance Legit?

RedFinance operates without regulatory oversight. Its domain was registered on January 28, 2011, and is set to expire on January 28, 2025.

Is RedFinance Legit?
Is RedFinance Legit?

What Can I Trade on RedFinance?

RedFinance offers a total of six product categories: derivatives (including swaps and options), equities (common and preferred shares, ETFs), fixed income (government and corporate bonds), cash investments (money market instruments), commodities (energy, metals, and agricultural products), and foreign exchange (spot and forward FX).

Tradable InstrumentsSupported
Derivatives
Equities
Fixed income
Cash investments
Commodities
Foreign exchange

Account Types

RedFinance offers four types of live trading accounts, but does not provide demo or Islamic accounts.

VIP: This account type is suitable for high-capital investors, providing a maximum leverage of 1:100 with a minimum deposit requirement of $50,000.

Classic: Aimed at intermediate traders, the Classic account offers a maximum leverage of 1:80 and requires a minimum deposit of $25,000.

Standard: This account is designed for regular traders, featuring a maximum leverage of 1:50 and a minimum deposit requirement of $5,000.

Mini: The Mini account caters to beginner traders, offering a maximum leverage of 1:30 with a minimum deposit of $250.

Account TypeMaximum LeverageMinimum DepositSuitable For
VIP1:100$50,000High-capital investors
Classic1:80$25,000Intermediate traders
Standard1:50$5,000Regular traders
Mini1:30$250Beginner traders

Leverage

RedFinance offers varying leverage levels: 1:100 for VIP accounts, 1:80 for Classic accounts, 1:50 for Standard accounts, and 1:30 for Mini accounts.

RedFinance Spreads

RedFinance spreads are typically 1-5 pips for major currency pairs and 10-20 pips for minor currency pairs. Commissions are flat fees of $0.09 per side for US equities and $0.01 per share for US ETFs.

Deposit and Withdrawal

RedFinance has a minimum deposit of $250, with deposits processed instantly via bank transfer. Withdrawals can be made through bank transfer or cryptocurrency, with a minimum withdrawal amount of $50. There are no fees for deposits or withdrawals.

Trading Platforms

RedFinance offers a trading platform compatible with Windows, web browsers, Android, macOS, and iOS, suitable for casual traders and professionals seeking flexibility.

Trading PlatformSupportedAvailable DevicesSuitable for
Tradingweb PlatformWindows, Web Browser, Android, MAC, iOSHigh-volume Traders, Scalpers, and Robots
MT4Mobile and Desktop(Windows & macOS)Beginner

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