General Information
Registered in Belize, Rev Trading is an online forex broker allegedly providing its clients a series of trading services. As this brokers official website cannot be accessed, we could not obtain more details about its financial instruments, minimum deposits, leverage, spreads, commissions and more.
Rev Trading is an unregulated broker operating without valid oversight from financial regulatory authorities. This lack of regulation exposes traders to potential risks, including fraudulent practices and a lack of investor protection. It is essential for traders to exercise caution and consider these risks before engaging with Rev Trading.
Rev Trading offers a variety of market instruments for trading purposes, including currency pairs, indices, spot commodities, shares, and cryptocurrencies. However, specific details about the features and characteristics of these instruments are not provided.
The broker provides a single account type, the MT4 account, which is designed for the MetaTrader 4 platform. No specific information is given about the features of this account. Traders interested in opening an account with Rev Trading can follow the account opening process outlined on their website.
Rev Trading offers a maximum leverage of 1:200, allowing traders to amplify their market exposure. However, it's important to note that higher leverage also increases the potential risks and losses.
Deposits and withdrawals can be made through fiat currency and cryptocurrency transactions. The platform operates 24 hours a day. However, there are limitations on minimum deposit amounts and maximum deposits.
Rev Trading utilizes the MT4 trading platform, a widely used software known for its advanced automated trading capabilities. It offers multilingual support and features such as custom indicators and expert advisors. The platform is available for free download.
Customer support is provided through email communication, and Rev Trading has a physical office address in the UK, although most customer support inquiries are handled via email.
In summary, Rev Trading is an unregulated broker offering a range of market instruments and utilizing the MT4 trading platform. Traders should be cautious due to the lack of regulation and potential risks associated with unregulated brokers.
Pros and Cons
Rev Trading has both pros and cons that should be taken into consideration. On the positive side, the broker offers a variety of market instruments for trading, including currency pairs, indices, spot commodities, shares, and cryptocurrencies. They also provide the MT4 account, a widely used trading platform known for its advanced automated trading capabilities. In terms of payment methods, Rev Trading supports multiple options, including Bitwallet for fund deposits and withdrawals. On the negative side, the broker lacks regulation from any valid regulatory authority, which can expose traders to potential risks and a lack of investor protection. Additionally, there is limited information available about the specific features and characteristics of the MT4 account. It's important to carefully weigh these pros and cons before deciding to engage with Rev Trading.
Is Rev Trading Legit？
Rev Trading, as of the latest information available, is not regulated by any valid regulatory authority. This means that the broker does not operate under the oversight and guidelines typically enforced by financial regulatory bodies. It is important to note that trading with an unregulated broker carries inherent risks. Lack of regulation can potentially expose traders to fraudulent practices, financial misconduct, and a lack of investor protection. As a result, it is advised to exercise caution and consider the potential risks involved when dealing with an unregulated entity like Rev Trading.
Market Instruments
Rev Trading offers a variety of market instruments for trading purposes. These instruments include:
Currency Pairs: Rev Trading provides access to more than 38 currency pairs, allowing traders to participate in the foreign exchange market. These pairs include popular combinations such as Australian Dollar vs Canadian Dollar (AUDCAD), Australian Dollar vs Swiss Franc (AUDCHF), Australian Dollar vs Japanese Yen (AUDJPY), and more.
Indices: Traders can also engage in trading indices through Rev Trading. Indices represent the performance of a specific group of stocks, providing an overall view of a particular market or sector.
Spot Commodities: Rev Trading enables trading of spot commodities, which typically include physical goods such as gold, silver, crude oil, and natural gas. These commodities are traded based on their current market prices.
Shares: Rev Trading offers the opportunity to trade shares of various companies from different regions, including the USA, EU, Russia, and Asia. This allows traders to participate in the equity market and potentially profit from the performance of individual stocks.
Crypto: Rev Trading provides access to cryptocurrency trading, allowing traders to engage in the buying and selling of popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and more.
Account Types
The STP Account is the standard account type offered by SalmaMarkets. This account type uses the popular MetaTrader 4 trading platform, which allows for seamless trading experiences. Traders can also access their accounts through mobile devices. The STP account has a minimum deposit requirement of 1 USD, and there is no maximum deposit limit. This account does not charge any swap fees and offers a wide leverage range of up to 1:1000. The minimum trade size is 0.01, allowing for precise position sizing. The spreads for this account start from 0.2 pips.
SalmaMarkets also provides the option to open a demo account, which allows traders to practice and familiarize themselves with the platform and trading strategies using virtual funds
How to Open an Account？
To open an account with SalmaMarkets, follow these steps:
Visit the SalmaMarkets website and click on the “Open a Demo Account” or “Open a Trading Account” option, depending on the type of account you wish to open.
2. Fill out the registration form with the required information. This includes your full name, country of residence, city/town, province, zip code, address, and agent (if applicable).
3. Choose the desired deposit currency for your account from the available options.
4. Provide your contact information, including your email address and phone number. Make sure to input the country number with a “+” sign followed by your country code, such as “+62” for Indonesia.
5. Enter your date of birth in the format of month/day/year.
6. Read through the customer agreement and check the box to confirm your acceptance.
7. Once you have filled in all the necessary information and accepted the customer agreement, click on the confirmation button to proceed.
Leverage
SalmaMarkets offers leverage options to its clients, allowing them to adjust their leverage based on their account balance. The maximum leverage available for Forex trading accounts is set at 1:1000. The leverage offered to each account is determined by the balance value in the account. As the balance value increases or decreases, the leverage is automatically adjusted in real-time. The leverage ranges from 1:1000 for balances between 0 and 499 USD to 1:200 for balances exceeding 2,000 USD.
Trading Platform
MT4 (MetaTrader 4) is one of the trading platforms offered by Rev Trading. It is a widely used and popular chart software for traders seeking more advanced automated trading capabilities. With multilingual support and a long-standing history, MT4 provides access to a variety of features such as abundant EA (Expert Advisor) options, custom indicators, signal purchasing, and more. This platform is particularly suitable for those specializing in foreign exchange (FX) and contracts for difference (CFD) trading.
MT4 enjoys significant popularity worldwide due to its stability. Traders can benefit from a wide range of EAs, allowing them to automate their trading strategies. Additionally, the platform supports the use of custom indicators, providing traders with greater customization options. The stability and high usability of MT4 are demonstrated by its widespread adoption and positive feedback from users.
One advantage of Rev Trading's MT4 is that it is free software available for download at no cost. This enables traders to access the platform without incurring any additional expenses. By utilizing MT4, traders can enjoy a comprehensive trading experience, taking advantage of the features and functionalities provided by Rev Trading's version of the platform.
Deposit & Withdrawal
Rev Trading offers deposit and withdrawal services for 24 hours. The platform supports both fiat currency and cryptocurrency transactions.
When it comes to depositing fiat currency, Rev Trading does not impose any deposit fees. However, there is a minimum amount requirement for deposits. It's important to be aware that there are also limitations on the maximum amount that can be deposited.
For users who prefer to work with cryptocurrencies, Rev Trading provides a Bit wallet for storing digital assets. Deposits into the Bit wallet typically take around 1 business day to be processed, ensuring timely access to funds. Withdrawals from the Bit wallet generally take 1-2 business days to complete.
Trading Hours
Rev Trading offers trading hours for two main types of instruments: FX (foreign exchange) and CFD (contracts for difference).
For FX trading, Rev Trading's trading hours are as follows: from Monday to Friday, the trading session starts at 00:05 and continues until 24:00 (midnight). This implies that FX trading is available for the entire duration of each weekday.
For CFD trading, the trading hours provided by Rev Trading are similar to FX trading. The CFD trading session also starts at 01:05 on Monday and continues until 24:00 (midnight) on Friday. This indicates that CFD trading is available throughout the weekdays, just like FX trading.
Customer Support
Rev Trading provides customer support through various channels to address the concerns and inquiries of its clients. Here are the different types of customer support available:
EMAIL SUPPORT: Rev Trading offers email support as a means of communication. Clients can reach out to the company by sending an email to support@rev-trading.ltd. This allows individuals to articulate their queries or issues in writing and receive responses from the customer support team.
OFFICE ADDRESS: The company is located at Office 23, BizSpace Littlehampton, West Sussex, BN17 7TL, UK. This physical office address provides an avenue for clients to visit in person if necessary, although it's worth noting that customer support is typically handled through other channels like email.
Conclusion
Rev Trading operates without valid regulation, which raises concerns about the lack of oversight and investor protection. Trading with an unregulated broker like Rev Trading carries inherent risks, including potential exposure to fraudulent practices and financial misconduct. The broker offers a single account type, the MT4 account, designed for the MetaTrader 4 platform, although specific details about its features are not provided. Rev Trading provides various market instruments for trading, including currency pairs, indices, spot commodities, shares, and cryptocurrencies. The maximum leverage offered is 1:200, allowing traders to amplify their market exposure but also increasing the potential risks. The base currencies available are USD and JPY. Rev Trading supports deposit and withdrawal methods, including fiat currency and cryptocurrency transactions. The trading platform offered is MT4, known for its advanced automated trading capabilities and widespread popularity. Customer support is available through email communication and a physical office address. Considering the lack of regulation, potential risks, and limited information provided, caution is advised when dealing with Rev Trading.
FAQs
Q: Is Rev Trading a regulated broker？
A: No, Rev Trading is not regulated by any valid regulatory authority.
Q: What market instruments can I trade with Rev Trading？
A: Rev Trading offers a variety of market instruments, including currency pairs, indices, spot commodities, shares, and cryptocurrencies.
Q: What type of account does Rev Trading offer？
A: Rev Trading offers a single account type, which is the MT4 account designed for the MetaTrader 4 platform.
Q: How can I open an account with Rev Trading？
A: To open an account with Rev Trading, you can visit their website and follow the account registration process.
Q: What leverage does Rev Trading offer？
A: Rev Trading offers a maximum leverage of 1:200, allowing traders to amplify their market exposure.
Q: What base currencies are available with Rev Trading？
A: Rev Trading offers USD (United States Dollar) and JPY (Japanese Yen) as base currencies.
Q: What are the deposit and withdrawal options with Rev Trading？
A: Rev Trading supports both fiat currency and cryptocurrency transactions for deposits and withdrawals.
Q: What trading platform does Rev Trading provide？
A: Rev Trading offers the MT4 (MetaTrader 4) platform, which is widely used and popular among traders.
Q: What are the trading hours with Rev Trading？
A: Rev Trading provides trading hours for FX and CFD instruments, starting from 00:05 on Monday and continuing until 24:00 (midnight) on Friday.
Q: How can I contact customer support at Rev Trading？
A: You can reach out to Rev Trading's customer support through email or by visiting their physical office address.
2022-12-01 09:59
2022-11-30 14:19
