||within 1 year
||Offers 1:2 leverage
||The main spread for the USD/JPY currency pair is fixed at 0.2 cents. Actual spreads may vary for individual clients, and the broker does not guarantee the spreads displayed in its advertisements.
||Offers to trade 27 currency pairs
||Provides educational resources covering finance, economics, and business, including information on exchange rates, two methods of analysis (fundamental and technical), and key technical indicators.
Overview of Ridge Corporation
Ridge Corporationis a Japan-based brokerage firm that was established last year. The company operates without regulation and offers a maximum leverage of 1:2.
when it comes to spreads, Ridge Corporation sets the main spread for the usd/jpy currency pair at 0.2 cents. however, actual spreads may vary for each client and advertised spreads are not guaranteed by the broker. the trading platform used by Ridge Corporation is a business view, providing users with a robust and easy-to-use interface. traders can engage in transactions with a wide range of assets, as the company offers trading in 27 currency pairs. Customer support is available via live chat, ensuring prompt assistance to address any queries or concerns.
besides, Ridge Corporation provides educational resources covering various aspects of finance, economics, and business, including exchange rates, fundamental and technical analysis methods, and key technical indicators.
Is Ridge Corporation legit or a scam？
The broker lacks a valid regulation. This lack of regulation poses a risk to potential customers.
Specifically, in the United States, the broker is not authorized or regulated by the National Futures Association (NFA). It is important to be careful and understand the associated risks when considering hiring this broker.
Additionally, the broker exceeds the scope of business regulated by the NFA. Trades beyond the permissible limits set by the National Futures Association, specifically with respect to non-forex activities. This expansion of business activities beyond the regulated realm further emphasizes the need for caution.
Furthermore, the information indicates that the broker lacks trading software. This suggests that the broker does not provide a platform to execute trades. This absence of a trading software can be considered as an additional factor to take into account when evaluating the suitability of the broker for trading activities.
Pros and Cons
one of the advantages of Ridge Corporation is that it offers leverage of 1:2, allowing traders to potentially extend their returns. In addition, the company offers a fixed margin of 0.2 cents for the usd/jpy currency pair, ensuring price transparency. besides, Ridge Corporation uses the trading view platform, which offers a robust and easy-to-use trading experience. The company also offers live chat customer support, providing quick assistance in addressing any queries.
however, it is important to note that Ridge Corporation it lacks regulation, which can raise concerns about the safety of funds. Actual spreads for individual customers may vary, and there is no guarantee about the spreads shown in your advertisements. the lack of transparency regarding the minimum deposit and account types can also be a drawback for potential traders. besides, Ridge Corporation does not provide a demo account, which limits the ability of users to practice and test their trading strategies. Furthermore, there is no mention of any specific trading software or platform, which may affect the overall trading experience and functionality.
|Offers 1:2 leverage
||lack of regulation
|Fixed spread for USD/JPY at 0.2 cents
||Actual spreads may vary for individual clients
|Provides the Trading View platform
||There is no guarantee on the spreads shown in the advertisements
|Provides live chat customer support
||Lack of transparency regarding minimum deposit and account types
|Offers educational resources.
||No demo account
||There is no specified software or trading platform
Ridge Corporationoffers a wide range of trading opportunities with 27 currency pairs available to trade. As of February 2020, each currency pair can be traded from 1,000 currency units, which is equal to 0.1 lots. For example, if the exchange rate for the “US dollar/yen” pair is 108 yen, a position of 1,000 US dollars (equivalent to 108,000 yen) would be used for calculation purposes. This flexibility allows traders to engage in trades with smaller investment sizes and manage their positions accordingly.
How to open an account？
to open an account with Ridge Corporation , you can follow the steps below:
1. visit the Ridge Corporation Website: Go to https://www.ridgecorporation.co/
2. Go to the account registration page: search for a “Account opening” button or link on the homepage of the website.
3. Provide your personal information: Complete the registration form with the required details. This generally includes your full name, email address, phone number, and sometimes your physical address.
5. Complete additional verification steps – Depending on platform requirements, you may be required to complete additional verification steps to confirm your identity. This could involve providing identification documents or undergoing a verification process.
6. Submit Your Registration – Once you have filled out all the necessary information and have completed the verification steps, please review your details for accuracy. Click the “Submit” or “Create Account” button to finish your registration.
7. Sign in to your account: Once your registration is complete and verified, you can sign in to your newly created account Ridge Corporation account using your chosen username and password.
Leverage, such as 1:2 leverage offered by Ridge Corporation , provides several advantages:
Increased Potential Returns: Leverage allows investors to amplify their potential profits. By investing a smaller amount of capital and borrowing the rest, investors can control a larger position in the market. If the investment performs well, the returns are magnified, leading to higher profits.
Diversification opportunities: With leverage, investors can allocate their capital to multiple investment opportunities simultaneously. This diversification can help spread risk across different assets and potentially improve overall portfolio performance.
Enhanced Business Opportunities: Leverage opens up opportunities for traders to participate in larger and more liquid markets that are otherwise inaccessible. It allows traders to enter positions with a fraction of the required capital, providing flexibility and the ability to take advantage of market movements.
capital efficiency: Leverage allows individuals and businesses to make the most of their available capital. By borrowing funds, they can tap into their existing resources and increase their investment capacity without tying up all their own capital.
Potential for accelerated wealth accumulation: The successful utilization of leverage can accelerate wealth accumulation by increasing returns. When returns are reinvested, the effect of compounding is amplified due to the larger position size that leverage allows.
Spreads and Commissions
Ridge Corporationoffers competitive spreads to ensure maximum profitability for traders. Unlike other hidden costs, Ridge Corporation does not charge fees for opening an account, trading, stop-loss orders, direct deposits or withdrawals. while the spreads announced by Ridge Corporation LLC serve as a general rule of thumb and are fixed during certain hours, it is important to note that actual spreads for individual clients may vary. Ridge Corporation does not guarantee the spreads shown in its advertisements. A spread represents the difference between the buy (ask) price and the ask (ask) price of a currency pair. while financial institutions benefit from spreads, clients incur costs during transactions. Ridge Corporation LLC The main spread for the dollar/yen (usd/jpy) currency pair is set at 0.2 cents. For example, if another company offers a spread of 0.6 cents, the difference is 0.4 cents, which translates to 4 yen for $1,000, 40 yen for $10,000, and 400 yen for $100,000. Forex, where leverage allows for significant trades, even small differences in spreads can have a substantial impact. Tight spreads are advantageous to traders as they allow for the pursuit of profits on even small, short-term price movements and encourage more frequent trading.
Ridge CorporationThe trading platform is a high-performance tool that offers a relatively convenient trading experience. supports trading view, a stress-free trading analysis tool that provides comprehensive market insights. our platform consolidates all the information necessary to operate on a single screen, which guarantees comfort and efficiency. In addition, users have the flexibility to customize the layout of their screens according to their preferences. With our platform, traders can perform extensive chart analysis, allowing them to make well-informed trading decisions.
Deposit and Withdrawal
Deposits and withdrawals with Ridge Corporation they are processed quickly and smoothly. The platform is supported by approximately 340 financial institutions across the country, making it easy for users to make direct deposits via their computer or smartphone. This streamlined process allows for fast transactions, allowing users to trade immediately once they have a trading idea or strategy in mind.
Ridge Corporationoffers customer support services through its live chat feature on its website. customers can conveniently contact the online customer support team to ask any questions or seek help. Although specific details about the scope of its customer support services are not explicitly stated on the website, the live chat feature serves as a direct communication channel for customers to connect. Ridge Corporation the support team.
Ridge Corporationoffers a wide range of educational resources covering finance, economics and business. These resources include information on exchange rates and two methods of analysis (fundamental and technical), how to use an economic calendar, US economic indicators, reading charts, leading economic indicators, and key technical indicators. These resources are designed to provide individuals with the knowledge and skills necessary to navigate the financial world and make informed decisions.
In summary, Ridge Corporation offers advantages such as 1:2 leverage, a fixed spread for the usd/jpy currency pair, the trading view platform and live chat customer support. however, it is important to be aware of the downsides, including lack of regulation, possible variations in spreads for individual clients, limited transparency about minimum deposit and account types, the absence of a demo account, and software or trading platform not specified. merchants should carefully evaluate these factors to assess the suitability of Ridge Corporation for your trading needs, taking into account the potential risks and limitations associated with the broker.
Frequently Asked Questions
Q: what is it Ridge Corporation a regulated broker？
A: Ridge Corporation it is currently unregulated and operates without the oversight of any regulatory authority.
Q: What is the maximum leverage you offer Ridge Corporation ？
A: Ridge Corporation offers a maximum leverage of 1:2, allowing traders to control larger positions in the market with a smaller amount of capital.
Q: Do spreads stay the same for all clients？
A: A while Ridge Corporation advertises fixed spreads, it is important to note that actual spreads may vary for individual clients based on market conditions and other factors.
Q: What's up Ridge Corporation provide a demo account for practice？
A: Unfortunately, Ridge Corporation does not offer a demo account for traders to practice their strategies before engaging in live trading.
Q: what trading platform does Ridge Corporation offer？
A: Ridge Corporation provides access to the trading view platform, which offers a range of tools and functions for comprehensive market analysis and trade execution.
Q: How can I contact customer service at Ridge Corporation ？
A: Ridge Corporation offers customer support via live chat, providing a convenient way for merchants to get support or ask any questions they may have.