Among the wide variety of financial intermediaries, it is difficult to find one that stands out, but RannForex is just that. The key figure is Dmitry Rannev. He became known in 2003 as a professional for whom building an open dialogue with clients and the struggle for the purity of Forex is of the utmost importance. <! – more ->
RannForex is completely open to clients
Anyone can find out the details of the project. The data is in the public domain. You can get information on how exactly the broker was created, who his partners and suppliers are, how much it cost to complete the task, the current operation of the project, costs and revenues. To do this, just visit the official website of RannForex.
The model was created on the principle of Low cost, which means that it works with minimal costs. The service is provided less, but in return the client gets high financial stability, no risks and the lowest service margins. Clients are offered minimal spreads and commissions with perfect execution. But here the RannForex broker has a reservation: this happens only on the normal market.
What is known from the underlying data?
RannForex is registered in Saint Vincent and the Grenadines. In the context of analytics, automatic signals and an economic calendar are offered. In the “Trade” tab you will find online quotes, a trader’s calculator, tick history of transactions and a risk notice.
What traders are most interested in are the types of trading accounts. The work is carried out according to the ECN model, on the Meta Trader 4 and 5 terminals.
- Account currencies – euro and dollar.
- Forex instruments and contracts for difference are offered for work.
- RannForex has no strict minimum deposit requirements.
- The allowed volume starts from 0.01 lot. The upper limit is 100 lots.
- The largest leverage looks like 1: 100.
- Locked margin is equal to 50%.
Commission is charged. The swap is a market one. A dividend adjustment is present for the CFD Index. The stop-out level corresponds to 60%.
Trust, but check: is everything so perfect?
When experts checked the facts, it turned out that RannForex is a fraud. Registration in an offshore zone, advertising the figure of the creator, and here – the absence of a regulator and a license to conduct brokerage activities. The fact that RannForex is a scam is confirmed by many stories of deceived traders. The essence of their claims, basically, boils down to the fact that after a request to withdraw large profits, RannForex does not approve the withdrawal of funds.
It is impossible to make claims in this case, because before starting cooperation, the trader must agree with the provisions of the legal documentation. It states that the intermediary can do the same with the trader’s money whenever he wants to. That is, you will simply waste your time and lose the money you have invested. The profit will not be received by you – it will simply not be given to you.
Considering the openly predatory attitude towards clients, it is easy to explain why negative reviews about RannForex on the Web are quite common. People just want to share their grief with other traders so that newbies don’t fall into a cruel financial trap. After all, the founder of the company speaks very logically and promises good earnings. But whether this is really so, you can see when you read even more reviews written about RannForex.
