Review of the RannForex forex broker and user reviews
The company RannForex presents a new strategy in the field of brokerage services, but many reviews indicate otherwise. We decided to investigate this situation more closely by visiting the official website rannforex.com.
Features of RannForex
“Open cooperation strategy”: The company’s website claims absolute transparency, but we could not find confirmation of this. This raises doubts about the broker’s reliability.
“Low-cost model”: The company claims minimal costs, but this reflects on the quality of services and the popularity of the project.
“Optimal trading conditions”: Despite spreads from 0 points, clients face high withdrawal fees, reducing the profitability of trades.
“Traders’ trust based on reputation”: A presentation about trader Dmitry Rannev would have been excellent if there was an opportunity to hear from an independent expert.
Contact information and location
RannForex is based in the UK, but there is no confirmation of this fact. The lack of contact information and location raises doubts about the broker’s reliability.
Contact information on the website is limited to online chat and a feedback form, with unclear response guarantees.
Registration procedure on the rannforex.com website
Registration on the website requires providing basic data and confirmation through a link in an email from the company, but user reviews about difficulties with fund withdrawals cast doubt on the reliability of the process.
RannForex trading account
The company offers only one type of trading account, requiring the installation of the MetaTrader 4 platform and a deposit of $500. The conditions of the trading account can change without warning, creating risks for clients.
- Available currencies: EUR and USD.
- Minimum trading lot size: 0.01 lot.
- Maximum order opening volume: 100 lot.
- Maximum leverage level: 1:100.
- Margin level: 50%.
- Commission fees: $20 per 1 million USD.
- Swaps: market-based.
- Stop Out level: 60%.
Customer reviews and comments
Many user reviews indicate problems with fund withdrawals, low trading efficiency, and lack of support from the company.
RannForex Review: Conclusions
Advantages:
- Quick account registration.
- Low spreads.
Disadvantages:
- Insufficient company information.
- High withdrawal fees.
- Limited choice of trading accounts.
- Many negative reviews.
- Issues with fund withdrawals.
We do not recommend working with the forex broker RannForex, considering a number of factors that negatively impact the reliability and transparency of the company.
RannForex is a professional broker that maintains a straightforward and reliable platform, but some clients have expressed dissatisfaction regarding communication and transparency.