Global Forex Broker Regulatory Inquiry APP

Score

4.76 /10
Average

Radar Brokers

Vanuatu

5-10 years

Regulated in Vanuatu

Retail Forex License

MT4/5 full license

Regional Brokers

United States Common Financial Service License Unauthorized

Suspicious Overrun

Medium potential risk

Offshore Regulatory

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Score

License Index 3.05
Business Index 7.43
Risk Management Index 7.63
Software Index 7.02
Regulatory Index 3.02
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Website

Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

Radar Brokers Limited

Company Abbreviation

Radar Brokers

Platform registered country and region

Vanuatu

Company website

Pyramid scheme complaint

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WikiFX Risk Alerts 3
Previous Detection : 2023-06-06
  • United StatesNFA (license number: 0533881) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!
  • This broker exceeds the business scope regulated by United States NFA(license number: 0533881)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Verification

Radar Brokers · Company summary

General Information& Regulation

Radar Brokers Limited is a licensed corporation approved by the Vanuatu Financial Services Commission (VFSC) and is regulated by it. The license number is 14674. “Radar Brokers” and related marks are owned by Radar Brokers Limited.

Market Instruments

Radar Brokers provides investors with a series of financial instruments, including stocks, funds, bonds and indexes.

Commission

The charging standards vary depending on the specific market. For example, the commission for the U.S. stock comprehensive account is $0.0035 per share ($3.5 for 1,000 shares), with a minimum of $0.5 for a single transaction. For U.S. stocks global accounts, the commission for 1x leverage on U.S. stocks is the same as that for U.S. stock comprehensive accounts, while the commission for 4x leverage on U.S. stocks is $0.01 per share ($10 for 1,000 shares), with a minimum of $0.1 for a single transaction.

Trading Platform

Radar Brokers provides investors with the MT5 trading platform and the Radar Brokers trading platform. The latter is an innovative mobile trading platform independently developed by Radar Brokers, which supports the trading of derivatives, stock indexes and commodities.

Deposit & Withdrawal

The deposit methods for overseas remittances include China Merchants Bank, Bank of Communications and Industrial and Commercial Bank of China. There are two ways to withdraw funds: from the official website or from APP. The minimum withdrawal amount is US$40. There is no handling fee for deposits and fund transfers. The handling fee for account withdrawal is 0.4% of the withdrawal amount (minimum $20/transaction).

Trading Hours

The trading hours of Radar Brokers depend on the specific market. For example, for derivatives trading, the trading hours of stock indexes in various countries are from Monday 7:00 to Saturday 6:00 Beijing time, and the market is closed all day on Sunday. The trading hours of US stocks are 9:30-16:00 Eastern Time (ET) Monday to Friday, US Summer Time 21:30-4:00 Beijing Time (March to November), and US Winter Time 22:30-5:00 Beijing time (November to March of the following year).

Accepted Countries

Radar Brokers does not open accounts for residents in regulatory restricted areas, including the United States, Brazil, Belgium, Hong Kong and Macau. Radar Brokers does not carry out financial business in mainland China, and only authorizes or contract partners to carry out information display, technology and financial research and development, data procurement, etc.

Risk

The value of securities and investments may go up or down, and past performance may not necessarily predict future performance. Before making any investment decision, investors should fully understand the potential risks as well as the characteristics and consequences of relevant laws, taxes and accounting, and decide whether the investment meets their personal goals and whether they can bear the relevant risks according to their personal circumstances. Factors such as market fluctuations, order volume, network and system response may delay account login and transaction execution.

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FX1192011742
more than one year
Never put any stock in anything this Radar Broker says. Its primary goal is to trick you into giving them my money. They did it to me. A lot of pressure was put on me to invest, but I said no.
2022-12-20 10:57
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