Detailed review of “Ricom Trust”: customer reviews about the broker
Full review of the CFD broker “Rikom Trust”: consumer opinions and reviews
Existing in the financial services market since 1994, the CFD broker “Rikom Trust” has earned a reputation as one of the most experienced players. Through its website ricom.ru, the company offers clients a wide range of services, including online trading, asset management under trust control, access to key exchanges, and CFD trading contracts. Opinions about “Rikom Trust” have been divided, which arouses interest in a detailed examination and analysis of user reviews about this broker.
Historical overview of the CFD broker “Rikom Trust”
Founded in 1994 and licensed in the same year, “Rikom Trust” in 2000 opened the opportunity for its clients to register and trade online. Over time, the broker’s product range expanded through mutual funds available through the RT Client trading terminal.
Subsequently, the broker focused on developing individual investment strategies, and by 2018 had expanded its services to the UK market, offering its own trading platforms RT-Trader and Ricom Web Trader. Today, “Rikom Trust” ranks among the top 20 companies in terms of CFD operations volume on the Moscow Exchange, servicing client assets worth over 3 billion rubles.
The company has offices not only in Russian cities such as Moscow, Krasnodar, and St. Petersburg, but also abroad through its subsidiary “RIKOM-TRUST LTD”.
Registration procedure on ricom.ru
To start working with the broker “Rikom Trust,” it is necessary to conclude an agreement, which can be done on the official website or in person at the company’s office. After that, clients have access to their personal account to perform operations online.
Registration via the website requires choosing an account type and filling out a form with personal data, including full name, citizenship, date of birth, TIN, SNILS, passport details, residential address, and postal code.
Deposit and withdrawal of funds
According to reviews, you can fund your account on ricom.ru via bank transfer, Visa and MasterCard credit cards, or through e-wallets – the latter method is the most popular.
Commissions and fees
Without fees for depositing, “Rikom Trust” charges a commission of up to 0.8% per transaction, depending on the tariff plan and transaction type.
Quotes on the “Rikom Trust” website
The broker emphasizes the relevance of information on quotes, providing data from various stock exchanges.
Broker’s offerings in financial markets
The website offers a wide range of investment instruments, including securities, bonds, metals, fiat, and cryptocurrencies. Clients are offered complete freedom in choosing assets and strategies.
A specialized simplified approach to documentation and tax returns is carried out through an individual investment account.
CFD contracts and their features
When trading CFDs on assets, the minimum margin requirement is 10-15%, allowing traders not to pay the full asset value. Profit is credited based on price differences, and the broker offers moderate leverage.
Licensing and reliability of “Rikom Trust”
To confirm reliability, it is important to mention the license controlled by the Federal Commission for the Securities Market.
Risks and reliability of cooperation
In the case of trust management, the company declares a risk not exceeding 10%. The responsibility for choosing strategies and losses incurred from trading lies with the client.
Due to its long presence in the market and absence of involvement in scandals, “Rikom Trust” is considered a reliable partner.
Client feedback on “Rikom Trust”
Feedback on working with “Rikom Trust” varies widely: from positive enthusiastic responses about professionalism and quality of service to criticism of technical support and payout speed.
Advantages and disadvantages of “Rikom Trust”
Advantages include: well-deserved reputation, professionalism, quality rtTrader software, variety of services.
Disadvantages include: cases of poor communication with managers, delays in payouts, changes in tariffs without notice.
Author: Evgenia Sosnitskaya
Also read: “How to Recognize a Fraudulent CFD Broker: CftPartner Expose”.
I am highly dissatisfied with Ricom Trust broker’s work as the poor service and lack of transparency have led to an unsatisfactory trading experience.