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The data are from WIKI Research 2021.06.25 updated
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General Information & Regulation of THE RIDGE
Founded in 2008, THE RIDGE is one of the most innovative trading platforms globally, with its headquarters, operations, and customer service offices located in Ukraine. THE RIDGE official website shows that it is regulated by the National Securities and Stock Market Commission of Ukraine (Regulation No. 35530677), ASIC (Regulation No. 622971840), NFA (Regulation No. 0532280), Canada FINTRAC (regulatory number: M20996411), St. Vincent and the Grenadines FSA (regulatory number: 521LLC2020) and MSB (Money Services Business, regulatory number: 31000173025883).
Security Analysis of THE RIDGE
THE RIDGE claims that it holds a license from the NFA of the United States, but upon inquiry, we learned that its NFA license status is pending. That is, it has not yet obtained an NFA license. Besides, the ASIC general business registration license it holds only indicates that it can conduct business in Australia instead of being regulated by ASIC.
THE RIDGE provides investors with financial products such as foreign exchange currency pairs, stocks, indices, precious metals, energy, and cryptocurrencies.
Accounts & Leverage of THE RIDGE
THE RIDGE provides traders with two types of trading accounts to meet the needs of different traders, namely standard accounts and ECN accounts. The minimum initial deposit for a Standard account is $10, and the minimum initial deposit for an ECN account is $100. Both accounts are available in USD and have maximum trading leverage of 100:1.
Spreads & Commissions
The spread for EURUSD in THE RIDGE Standard account is 1.0 pips + floating and for EURUSD in ECN account is 0.1 pips + floating, no commission for trading.
Trading Platforms Available of THE RIDGE
THE RIDGE RIDGE provides traders with two of the most popular trading platforms on the market today, the MT4 trading platform and the MT5 trading platform. MT5 has a user-friendly interface, customizable templates that encourage traders to use and develop smart trading, news feeds that go directly to the trading platform, the ability to view historical orders, and support for the web, Android phone, and Apple phone terminals. The RIDGE MT5 platform has all the best features of MT4 and has been adapted to suit the needs of RIDGE clients who want to master the market. MT5 has many advantages such as 21 different time frames, over 80 technical indicators, one-click trading, hedging allowed, etc.
Deposit & Withdrawal of THE RIDGE
Traders can make deposits to their THE RIDGE RIDGE account via wire transfer, USDT, and payment gateway. The minimum and maximum deposit and withdrawal amounts are based on the amount set by the system, and the fees charged will depend on the deposit and withdrawal channel used.
Pros & Cons of THE RIDGE
The main advantages of THE RIDGE are:
1. Richness of trading assets
2. Low initial deposit requirements
3. MT4 & MT5 trading platforms
The main disadvantages of THE RIDGE are:
1. More confusing regulatory information
2. Fewer ways to fund
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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
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