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Score

5.60 /10
Average

RannForex

Seychelles

2-5 years

Regulated in Seychelles

Retail Forex License

MT5 Full License

Global Business

Medium potential risk

Offshore Regulated

https://rann.forex/en

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Score

Regulatory Index3.92

Business Index6.74

Risk Management Index8.90

Software Index8.71

License Index3.92

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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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Broker Information

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Company Name

RannForex Limited

Company Abbreviation

RannForex

Platform registered country and region

Seychelles

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WikiFX Risk Alerts
Previous Detection : 2024-12-23
  • The Seychelles FSA regulation with license number: SD151 is an offshore regulation. Please be aware of the risk!

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RannForex · Company summary
RannForex Review Summary
Founded2013
Registered Country/RegionSeychelles
RegulationFSA
Market Instruments49 types of forex, 5 types of metals, 3 types of energies, 11 types of indices
Account TypeMT5 PRO Account, MT5 ZERO Account
Demo Account✔
LeverageUp to 1:500
Minimum trading set0.01 lots
Trading PlatformMT5
Payment MethodBank Wire, Crypto, Volet
Customer SupportEmail: info@rann.forex
Physical Address: Block B, Global Village, Jivan's Complex, Mont Fleuri,Mahe, Seychelles.

RannForex Information

RannForex, founded in 2013, is a brokerage registered in Seychelles. The trading instruments it provides cover 49 types of forex, 5 types of metals, 3 types of energies, 11 types of indices. It is regulated by Seychelles.

RannForex Information

Pros and Cons

Pros Cons
RegulatedNo Islamic account
Wide range of trading instrumentsNo information about phone
Generous leverage up to 1:500Limited payment methods
MT5 supportedNo MT4 supported
Demo account available
Low min deposit
High maximum leverage

Is RannForex Legit?

RannForex is regulated by FSA in Seychelles. Its current status is offshore regulated.

Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberCurrent Status
SeychellesFSARannForex LimitedRetail Forex LicenseSD151Offshore Regulated
Is RannForex Legit?

What Can I Trade on RannForex?

RannForex offers traders 49 types of forex, 5 types of metals, 3 types of energies, 11 types of indices to trade.

Tradable Instruments Supported
Forex✔
Energies✔
Metals✔
Indices✔
Commodities❌
Stocks❌
Futures❌
Options❌
What Can I Trade on RannForex?

Account Types

RannForex offers 2 different types of accounts to traders - MT5 PRO Account, MT5 ZERO Account. It also provides demo accounts.

Account TypeMT5 PRO AccountMT5 ZERO Account
Min Deposit$2$2
Minimum volume0.01 Lot0.01 Lot
Leverage1:5001:500
Locked margin50%50%
Commission$20 per 1 million USD (for one side) around 4$ per lot$0 (moved to spread)
Stop out 60%60%
Demo Account✔✔
Account Types

RannForex Fees

RannForex charges $20 per 1 million USD (for one side) around 4$ per lot for MT5 PRO Account, $0 (moved to spread) for MT5 ZERO Account. RannForex's spreads are 0.1 - 976.6 pips.

Trading Platform

RannForex's trading platform is MT5, which supports traders on PC, Mac, iPhone and Android.

Trading PlatformSupported Available Devices
MT5✔Web, Mobile
MT4❌
Trading Platform

Deposit and Withdrawal

The broker supports provides 3 type of deposit and withdrawal methods - Bank Wire, Crypto, Volet. RannForex charges fees for deposits and withdrawals.

CurrencyFeeTime limitsNotes
Bank WireUSD0%Few daysRegular wire transfer
CryptoUSD0.5%ImmediatelyB2BinPAY - Cryptocurrencies (USDT, BTC, ETH etc.)
VoletUSD1%ImmediatelyVolet (ex Advcash) – popular payment system.
Deposit and Withdrawal
CurrencyFeeTime limitsNotes
Bank WireUSD0%Few daysRegular wire transfer
CryptoUSD0.5%ImmediatelyB2BinPAY - Cryptocurrencies (USDT, BTC, ETH etc.)
VoletUSD1%ImmediatelyVolet (ex Advcash). ** Withdrawals are automatic up to 500 USD per day.
Deposit and Withdrawal

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FX1705321758
more than one year
Execution is generally smooth, and spreads are competitive. BUT could you offer more deposit and withdrawal options?
Execution is generally smooth, and spreads are competitive. BUT could you offer more deposit and withdrawal options?
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2024-08-14 11:16
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tina68414
more than one year
RannForex has proven to be a reliable trading solution for me. As a position trader, finding a platform that allows easy opening of positions and maintains them over time without worrying about swaps is challenging. While such platforms do exist, they often come with burdensome conditions. RannForex, however, stands out as a solution that not only meets my trading needs but also ensures a hassle-free experience.
RannForex has proven to be a reliable trading solution for me. As a position trader, finding a platform that allows easy opening of positions and maintains them over time without worrying about swaps is challenging. While such platforms do exist, they often come with burdensome conditions. RannForex, however, stands out as a solution that not only meets my trading needs but also ensures a hassle-free experience.
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2024-01-23 19:16
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