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RMDTRADER

Mauritius|2-5 years|
Regulated in South Africa|Suspicious Regulatory License|MT4/5 full license|Regional Brokers|South Africa Financial Service Corporate Expired|Suspicious Overrun|High potential risk|

http://www.rmdtrader.com

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

1
Server Name
RMDtrader-Live MT5
Server Location United Kingdom

Contact

+230 467 3003
info@rmdtrader.com
http://www.rmdtrader.com
8th Floor, Ebene Tower, 52 Cybercity, Ebene, Mauritius, 72201

Licenses

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

Single Core

1G

40G

Open Now

Contact number

English

+230 467 3003

Broker Information

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Company Name

RMDTRADER

Company Abbreviation

RMDTRADER

Platform registered country and region

Mauritius

Company website
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Warning: Low score, please stay away! 3
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • South AfricaFSCA (license number: 50259) The regulatory status is abnormal, the official regulatory status is Expired. Please be aware of the risk!

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RMDTRADER · Company Summary

General Information & Regulation

RMD TRADER is a South African online Forex and CFD broker based in Mauritius. RMDTRADER is approved by the Financial Services Commission (FSC) Mauritius as a Global Business License holder under Section 72 of the Financial Services Act 2007 (Company number: 167074 C1 GBL) and as an Investment Dealer (Full Service Dealer, excluding Underwriting) under Section 29 of the Securities Act 2005 (Licence number: C118023752).

Market Instruments

RMD TRADER provides investors with a series of tradable instruments, including forexcurrency pairs, indices, stocks, commodities, ETFs, and cryptocurrencies.

Minimum Deposit

RMD TRADER provides investors with two different trading accounts, the Standard Account, and the Islamic Account. Both accounts have a minimum opening amount of $100, and the base currency of the account is USD.

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RMD TRADER Leverage

RMD TRADER offers the maximum trading leverage of 1:100, which is kind of conservative. However, inexperienced traders should avoid using high leverage level, for margin trading is risky.

Spreads & Commissions

RMD TRADER's standard account has a minimum spread of 0.7 pips, and only spread are calculated on Forex, Commodities, and Metals transactions, while commissions are charged on stock transactions. RMD TRADER's Islamic account has a minimum spread of 0.7 pips, and commissions are charged on all product transactions on this account.

Trading Platforms

RMD TRADER provides traders with a trading platform is Mirror Trading and MT5 trading platform. The main features of Mirror Trading include a user-friendly administration panel, a website widget with leaderboards and statistical charts, a trade record uploader, professional and detailed trading performance statistics, and internal risk management. MT5 is a multi-functional platform that offers advanced trading features, including technical analysis tools, automated trading robots, and trading signals for the Forex, stock, and futures markets. In addition to desktop and mobile versions, the all-in-one platform is also available on the web and can be accessed from any device.

Deposit & Withdrawal

RMD TRADER supports traders to deposit and withdraw funds from their investment accounts by credit card, debit card, or wire transfer. Withdrawals are made Monday to Friday from 9 am to 5 pm (South African Standard Time), and all other withdrawals are made within 24 hours.

Trading Hours

RMD TRADER lists a detailed trading hour chart, which clearly indicates the specifis trading time of each instruments.

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User Reviews

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ginksenk
more than one year
The trading conditions look good. All trading instruments with spreads as low as 0.7 pips, and leverage as high as 1:100 via the best MT5 platform, can be available in RMD TRADER INVESTMENT GATEWAY. But their website is no longer accessible, and it is impossible to trade with them. As you can imagine, such good conditions may be just a trick to attract traders.
2022-11-30 18:04
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0
0
小水人
more than one year
Its website cannot even be opened… What the hell! Are they joking? I just don’t have any interest to trade with this broker… They are so failed liars…
2022-11-30 12:26
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0
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