THE RIDGE Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-04-21 14:27

Abstract：Founded in 2008, THE RIDGE is one of the most innovative trading platforms globally, with its headquarters, operations, and customer service offices located in Ukraine. THE RIDGE official website shows that it is regulated by the National Securities and Stock Market Commission of Ukraine (Regulation No. 35530677), ASIC (Regulation No. 622971840), NFA (Regulation No. 0532280), Canada FINTRAC (regulatory number: M20996411), St. Vincent and the Grenadines FSA (regulatory number: 521LLC2020) and MSB (Money Services Business, regulatory number: 31000173025883).

　　General Information & Regulation

　　Founded in 2008, THE RIDGE sets its headquarter, operations, and customer service offices located in Ukraine. THE RIDGE is not subject to any valid regulation at this stage.

　　Market Instruments

　　THE RIDGE provides investors with financial products such as foreign exchange currency pairs, stocks, indices, precious metals, energy, and cryptocurrencies.

　　Minimum Deposit

　　THE RIDGE provides traders with two types of trading accounts to meet the needs of different traders, namely standard accounts and ECN accounts. The minimum initial deposit for a Standard account is $10, and the minimum initial deposit for an ECN account is $100.

　　THE RIDGE Leverage

　　In terms of trading leverage, The RIDGE offers the maximum leverage of up to 1:100. This seems the conservative leverage, however, still enough to accomodate even more agressive trading strategy.

　　Spreads & Commissions

　　As for spreads, two trading accounts offer different spread conditions. The standard account offers the floating spreads based on 1.0 pip fixed spreads. The ECN account offers the spreads of 0.1 pips plus floating.

　　Trading Platforms

　　THE RIDGE RIDGE provides traders with two of the most popular trading platforms on the market today, the MT4 trading platform and the MT5 trading platform. MT5 has a user-friendly interface, customizable templates that encourage traders to use and develop smart trading, news feeds that go directly to the trading platform, the ability to view historical orders, and support for the web, Android phone, and Apple phone terminals. The RIDGE MT5 platform has all the best features of MT4 and has been adapted to suit the needs of RIDGE clients who want to master the market. MT5 has many advantages such as 21 different time frames, over 80 technical indicators, one-click trading, hedging allowed, etc.

　　Deposit & Withdrawal

　　Traders can make deposits to their THE RIDGE RIDGE account via wire transfer, USDT, and payment gateway. The minimum and maximum deposit and withdrawal amounts are based on the amount set by the system, and the fees charged will depend on the deposit and withdrawal channel used.

　　THE RIDGE Pros & Cons

　　THE RIDGE Advantages Include:

　　1. Richness of trading assets

　　2. Low initial deposit requirements

　　3. MT4 & MT5 trading platforms

　　THE RIDGE Disadvantages Include:

　　1. More confusing regulatory information

　　2. Fewer ways to fund