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Global Broker governance & inquiry App
Clone Firm
Score
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/10
Rakutenforex
Saint Vincent and the Grenadines|2-5 years| Suspicious Regulatory License|Fake MT4|Chinese market only|Clone Firm Australia|High potential risk|
http://www.rakutenforex.com/en
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Counterfeit
2
Server Name
RAT-Demo MT4
Server Location 
Hong Kong
Hong KongContact
++614 49742324
http://www.rakutenforex.com/en
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
Open Now
Contact number
English
++614 49742324
Chinese (Simplified)
+614 49742324
Broker Information
More
Company Name
RAT Fintech LIMITED
Company Abbreviation
Rakutenforex
Platform registered country and region
Saint Vincent and the Grenadines
Company website
Pyramid scheme complaint
Expose
Check whenever you want
Download App for complete information
Warning: Low score, please stay away!
2
Previous Detection :
2024-04-18
- The claimed AustraliaASIC regulation (license number: 418036) is verified as a clone firm. Please pay attention to the risk!
- It shows that this broker is using fake MT4, please be aware of the risks!
WikiFX Verification
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Exposure
1 pieces of exposure in total Pyramid scheme complaint
ExposeRakutenforex · Company Summary
General Information & Regulation
Rakutenforex is an online forex broker operated by RAT Fintech LIMITED, a company registered in Saint Vincent and the Grenadines. Rakutenforex is not subject to any regulation at this stage.
Markets Instruments
Tradable financial instruments include currency pairs, precious metals including gold and silver, as well as CFD indices.
Minimum Deposit
Rakutenforex offers only two types of accounts which are based on leverage：Standard and High Leverage Accounts. The minimum opening balance for both accounts is $50. Although this requirement sounds encouraging, traders are not advised to register real trading accounts here given the fact that Rakuten is unregulated.
Leverage
The Standard Account offers a maximum leverage of 1:100, and the maximum leverage available for the high leverage account is as high as 1:400.
Spreads & Commissions
The Standard Account offers lower spreads with the benchmark EURUSD currency pair at 0.5 pips, and in high leverage account, Spreads are slightly higher with the EURUSD currency pair at 0.8 pips.
Trading Platform Available
The only platform provided for trading is the popular MetaTrader (MT4) trading platform developed by Russian software company MetaQuotes. Rakuten provides the MT4 platform as a downloadable windows desktop application and also as mobile apps. MAC OSX users are advised to contact the support team for assistance on how to install MT4 on their systems. Other brokers provide MT4 for MAC.
Deposit& Withdrawal
Payment options working with Rakutenforex include:
Bank Wire transfers (There are no deposit charges but withdrawals are charged at $25. International bank transfers take 3-5 business days while domestic transfers take 1-2 bank working days.)
Skrill (There are no deposit fees but a withdrawal fee of 2% is charged. Skrill deposits are processed instantly while withdrawals take up to 2 business days.)
Neteller (This is a global e-wallet payment option that Rakuten accepts. 2% withdrawal charges apply while deposits are free. Withdrawals can take up to 2 days while deposits are processed instantly.)
Credit/Debit cards
Bitcoin
Customer Support
The Rakutenforex customer support team is available from Monday to Friday. They can be reached on phone, email, Skype, web chat, WhatsApp and social media. The live chat services are available from 9am to 5pm (Sydney time) from Monday to Friday.
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