Review of the leading broker Renesource Capital: analysis and user reviews
Renesource Capital is a respected CFD broker with a rich history originating from the Baltic region. The company specializes in providing individual solutions for various business needs and private clients. In this review, we will thoroughly examine the real competence, security, and accuracy of the services provided by Renesource Capital, as well as analyze the feedback from current broker users.
Company history and registration
CFD broker Renesource Capital is part of a holding company registered in 1998. It is not controlled by banks or financial institutions but is managed by a private structure founded by top management and shareholders of the investment business. The company’s website, renesource.com, was launched in 2001 and contains useful information for traders.
Licenses and certificates
“Renesource Capital” started providing brokerage services in 2013 and obtained a license from one of the European regulators – FKTK. Thanks to this license, the broker has the right to offer various investment services, including financial consultations and currency conversions.
Trading conditions and opportunities
Renesource Capital offers its clients direct access to liquidity based on ECN/STP, instant order execution, automatic execution, a wide range of trading instruments, and special trading opportunities. The company also offers various types of trading accounts with floating spreads, starting from a minimum deposit.
Additional services
In addition to brokerage services, Renesource Capital offers additional services, including depositary services, capital management, consulting, e-mail and SMS banking, providing a personal broker, currency transactions, and institutional services.
User reviews
Reviews of Renesource Capital from users are mainly positive, noting a high level of trust in the company and timely fund withdrawals. Neutral reviews also highlight tight spreads and stable broker performance. Negative reviews are mainly related to the spreads provided.
Conclusion
Renesource Capital is a reliable European CFD broker that offers a wide range of investment services for various types of clients. Despite some shortcomings, the broker remains a reliable and proven partner for traders of different levels. Issues that arise in operation are likely related to technical aspects rather than serious violations. We recommend considering the possibility of cooperation with Renesource Capital, as it is a trusted intermediary with transparent conditions and a good reputation.
I am utterly disappointed with my experience with Renesource Capital. Contrary to their claims of excellence, my dealings with this broker left a sour taste. The customer service was horrendous – any query or issue I raised seemed to be met with either indifference or hostility. There were unexplained charges on my account, inscrutable terms, and conditions, and the promised returns? Practically non-existent. The supposed transparency they boasted of was clearly not evident. Also, the withdrawal process was an absolute nightmare. I had to jump through so many hoops to get my own money back. Based on my experience, I cannot in good conscience recommend Renesource Capital. It truly belies its claim of being ‘the largest broker’.