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Ruizean -

Score

1.50 /10
Danger

Ruizean

Australia

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Australia Appointed Representative(AR) Revoked

Suspicious Overrun

High potential risk

https://ruizean.com

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Exposure

Time Machine
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Score

Regulatory Index0.00

Business Index6.92

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

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Warning: Low score, please stay away! 8
Previous Detection : 2025-01-31
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • AustraliaASIC (license number: 001257164) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

Ruizean · Company summary

Note: Ruizean's official website - https://ruizean.com/ is currently inaccessible normally.

Ruizean Review Summary
Founded2014
Registered Country/RegionAustralia
RegulationASIC (Revoked/Suspicious Clone)
Market InstrumentsForex, CFDs
Demo Account✅
LeverageUp to 1:400
EUR/USD SpreadFloating around 0.1 pips
Trading PlatformMetaTrader 4
Min Deposit$200
Customer SupportTel: +61 2 9017 5200
Email: info@ruizean.com
Facebook: https://www.facebook.com/pages/Ruizean-Pty-Ltd/1044115708938452

Ruizean was registered in Australia in 2014, offering trading in Forex and CFDs with leverage up to 1:400 and spread floating around 0.1 pips on the Standard account via the MT4 platform. Demo accounts are available and the minimum deposit requirement to open a live account is as high as 200 USD. Besides, their ASIC license is a suspicious clone.

Pros and Cons

Pros Cons
Support demo accountUnavailable website
Commission-free account offeredRegulatory issues
Low spreadsHigh minimum deposit
Support MT4Limited payment options

Is Ruizean Legit?

No, Ruizean currently has no valid regulations. It only holds revoked and suspicious clone ASIC licenses.

Domain information

What Can I Trade on Ruizean?

Tradable Instruments Supported
Forex✔
CFDs✔
Bonds❌
Options❌
ETFs❌

Account Type/Fees

Account TypeMin DepositSpreadCommission
Standard$200From 1.8 pips❌
ProFrom 0.1 pips$3.5 per lot for currency pairs only, no commission for transactions involving Metals or CFDs

Leverage

Ruizean offers leverage up to 1:400 for both account types, which can potentially bring high returns, but it also comes with high risks.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4✔/Beginners
MT5❌/Experienced traders
MT4

Deposit and Withdrawal

Ruizean primarily facilitates deposits via wire transfers, and the minimum initial deposit required to open an account with Ruizean is set at $200.

User Reviews

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BOSS85927
more than one year
After months of waiting for this company to accept my withdrawal request which they denied, they locked my account and stopped responding to my emails. It seems that Ruizean has intentionally kept people out of their accounts for hideous purposes. They should know that the people are outraged and we are coming for them!
After months of waiting for this company to accept my withdrawal request which they denied, they locked my account and stopped responding to my emails. It seems that Ruizean has intentionally kept people out of their accounts for hideous purposes. They should know that the people are outraged and we are coming for them!
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2023-03-15 18:09
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