Overview of RADOVO
RV Markets is a brokerage operating in different regions, including Australia, St. Vincent and the Grenadines, and Taiwan. However, it's essential to note that the company is not regulated by reputable authorities, which may raise concerns about its legitimacy and safety.
RV Markets offers two account types, STP Account and RAW ECN Account. The minimum deposit is $100, and the maximum leverage goes up to 500:1. Traders have access to over 1000 financial instruments, including Forex, stocks, indices, and commodities. The platform is available on MT4 and MT5, offering user-friendly interfaces and advanced tools.
Various payment methods, like Apple Pay, VISA, and Bitcoin, are available for funding accounts. For customer support, RV Markets can be reached through email, live chat, or callback requests, ensuring prompt assistance.
Is RADOVO legit or a scam？
In order to determine the legitimacy of a broker, it is essential that they are regulated by reputable regulatory agencies such as the FCA or CySEC.
Please note that RADOVO is not authorized or regulated by any regulatory authorities, unsafe to trade with. Make sure to stay away from these brokers as they are anonymous and they can disappear any time without notice.
To ensure the safety and security of your funds, it is vital to improve the level of caution when dealing with unregulated brokers and conduct thorough due diligence before investing their funds.
Pros and Cons
RV Markets offers a wide range of tradable assets, user-friendly platforms (MT4 and MT5), competitive spreads, and convenient payment methods. The broker lacks regulation, which raises concerns about safety and legitimacy. Additionally, high-leverage risks should be carefully managed, and there are limited educational resources and customer support channels. Traders should exercise caution and conduct thorough research before engaging with RV Markets.
Market Instruments
RV Markets provides a diverse range of trading products to cater to various investment preferences. The trading products offered by RV Markets include:
Forex: As a global Forex broker, RV Markets offers a wide selection of currency pairs, allowing traders to participate in the foreign exchange market. Forex trading enables investors to speculate on the price movements of currency pairs, making it one of the most popular and liquid markets worldwide.
Indices: RV Markets provides access to a variety of stock market indices from around the world. These indices represent the overall performance of specific stock markets or sectors and are often used as indicators of market trends and economic conditions.
Energy: Traders at RV Markets can also participate in the energy market, including popular energy commodities such as crude oil and natural gas. Energy commodities are essential for modern economies and offer opportunities for both short-term and long-term trading strategies.
Precious Metals: RV Markets offers trading in precious metals like gold and silver. Precious metals are considered safe-haven assets and are often sought after during times of economic uncertainty.
Soft Commodities: Soft commodities refer to agricultural products such as wheat, corn, soybeans, and coffee. RV Markets allows traders to participate in the price movements of these commodities, which are influenced by factors like weather conditions, global demand, and geopolitical events.
Account Types
In the STP Account, spreads start from 1.2 pips, and there is no commission charged per trade. On the other hand, the RAW ECN Account features even tighter spreads starting from 0.0 pips, but it incurs a commission of $6 per round turn.
Both accounts have a minimum deposit requirement of $100 and allow trading in various major currencies, including AUD, USD, GBP, and EUR. Additionally, a trading bonus is available to eligible clients.
How to Open an Account？
Trading with RV Markets can be summarized in three simple steps:
Register:
- Sign up with RV Markets by providing the necessary personal information and creating an account.
- Choose the account type that suits your trading preferences (e.g., STP Account or RAW ECN Account).
- Submit your application through the registration process.
2. Fund:
- After your application is approved, fund your trading account with the required minimum deposit ($100 for both account types).
- RV Markets offers various convenient methods for depositing funds, such as bank transfers, credit/debit cards, and online payment systems.
-Choose the funding method that suits you best and follow the instructions to deposit money into your account.
3. Trade:
- Once your account is funded, you can start trading with RV Markets.
- Gain access to a wide range of trading instruments, including over 1000 assets across different asset classes, such as Forex, stocks, indices, commodities, and more.
- Use the trading platform (MT4 or MT5) provided by RV Markets to execute your trades, analyze the markets, and manage your positions.
Leverage
At RV Markets, the maximum Forex leverage they offer is up to 500:1. If a trader wishes to modify their Forex leverage, they can request it through an application or by contacting the company.
However, it is crucial to understand that higher leverage levels come with greater risk, and this could lead to significant losses or even a complete loss of the trading account.
Spreads & Commissions
RV Markets claims to offer the Standard STP Account with some of the tightest spreads in the Forex industry. They have partnered with leading liquidity providers to ensure deep market liquidity and provide clients with the lowest spreads. Moreover, traders can enjoy commission-free trading, as all costs are included in the spreads.
Trading Platform
RV Markets provides an intuitive and accessible web-based trading platform called WebTrader. It offers one-click trading, comprehensive charting tools, and real-time market data for over 1000 financial instruments across different asset classes.
With multi-language support and robust security features, WebTrader is suitable for traders of all levels.
Deposit & Withdrawal
RV Markets offers multiple payment methods, including:
Apple Pay: Convenient and secure payments using Apple devices.
VISA: Instant deposits with widely accepted debit/credit cards.
Google Pay: Contactless payments with Android devices.
Bank Transfer: Traditional and reliable method for larger transactions.
NETELLER: E-money service for quick online payments.
Skrill: Popular e-wallet for secure transactions.
Bitcoin: Accepting the world's renowned cryptocurrency for funding accounts.
These payment options ensure flexibility and security for RV Markets' traders.
Customer Support
RV Markets can be reached easily whenever assistance is needed. For any questions or further information, individuals can get in touch with them through the following contact details. The team at RV Markets will make every effort to promptly respond to all inquiries.
Head office:
Location: Level 35, 31 Market St, Sydney NSW 2000, Australia
Second Location: First Floor, First St Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines
RV Markets LLC office:
Location: Taipei 101, No. 7, Section 5, Xinyi Rd, Xinyi District, Taipei City, Taiwan 110
Contact Methods:
Email: info@radovofx.com
Start a live chat
Request a callback
Educational Resources
RV Markets provides Market Analysis articles to guide traders. These articles cover various financial markets and offer insights on market trends, economic events, and trading opportunities. Written by experienced analysts, they help traders make informed decisions and manage risks effectively.
Conclusion
In conclusion, RV Markets offers a diverse range of trading products, including Forex, indices, energy, precious metals, and soft commodities, allowing traders to access various financial markets and diversify their investment portfolios. The advantages of RV Markets lie in its wide selection of tradable assets, user-friendly platforms, competitive spreads, and convenient payment methods.
However, traders should exercise caution due to the lack of regulation, which may raise concerns about safety and legitimacy. Additionally, high leverage risks, limited educational resources, and customer support channels should be considered.
Before engaging with RV Markets, thorough research and prudent risk management are essential to ensure a secure and informed trading experience.
FAQs
Q: What types of trading products are available at RV Markets？
A: RV Markets offers a variety of trading products, including currencies in the Forex market, stock market indices, energy commodities, precious metals like gold and silver, and soft commodities like wheat and coffee.
Q: Is RV Markets a regulated broker？
A: No, RV Markets is not authorized or regulated by any reputable regulatory authorities.
Q: Can traders access educational resources at RV Markets？
A: While RV Markets provides Market Analysis articles to assist traders.
Q: What payment methods are available at RV Markets？
A: RV Markets supports various payment methods, including Apple Pay, VISA, Google Pay, Bank Transfer, NETELLER, Skrill, and Bitcoin.
2023-08-04 10:51
2023-08-01 13:56
2023-08-01 13:53
