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RMDTRADER -

Score

1.50 /10
Danger

RMDTRADER

Mauritius

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

South Africa Financial Service Corporate Expired

Suspicious Overrun

High potential risk

http://www.rmdtrader.com

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Score

Regulatory Index0.00

Business Index6.95

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
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Licenses

VPS Standard
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Single Core

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Broker Information

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Company Name

RMDTRADER

Company Abbreviation

RMDTRADER

Platform registered country and region

Mauritius

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-12-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • South AfricaFSCA (license number: 50259) The regulatory status is abnormal, the official regulatory status is Expired. Please be aware of the risk!

WikiFX Verification

RMDTRADER · Company summary
RMDTRADER Review Summary
Founded2018
Registered Country/RegionMauritius
RegulationFSCA (Expired)
Market InstrumentsForex, Indices, Shares, Commodities, Cryptocurrencies, ETFs, Bonds, Options
Demo Account/
Leverage1:100
Spread0.7 pips (Standard account)
Trading PlatformMT5
Min Deposit$100
Customer SupportTel: 2304673003
Email: info@rmdtrader.com
Regional RestrictionUS

Founded in 2018, RMDTRADER is an unregulated broker registered in Mauritius, offering trading in Forex, Indices, Shares, Commodities, Cryptocurrencies, ETFs, Bonds, and Options with leverage up to 1:100 and spread from 0.7 pips through the MT5 trading platform. There are three account types offered, and the minimum deposit requirement is $100.

RMDTRADER's homepage

Pros and Cons

Pros Cons
Various trading productsExpired FSCA license
Multiple account typesDoes not provide services in the United States
MT5 platform
Popular payment options

Is RMDTRADER Legit?

No. RMDTRADER currently has no valid regulations. It only holds an expired FSCA license. Please be aware of the risk!

Regulatory Status Expired
Regulated by Financial Sector Conduct Authority (FSCA)
Licensed Institution RMD TRADE (PTY) LTD
Licensed TypeNo Sharing
Licensed Number50259
Expired FSCA license
Domain information

What Can I Trade on Foptrade?

Tradable Instruments Supported
Forex✔
Indices✔
Shares✔
Commodities✔
Cryptocurrencies✔
ETFs✔
Bonds❌
Options❌

Account Type/Fees

Account TypeStandardRAWISLAMIC
Min Deposit$100$10,000$100
SpreadFrom 0.7 pipFrom 0.3 pipsFrom 0.7 pips
CommissionShares & Indices onlyFrom $5 per round lotAll products
Account comparison

Leverage

RMD TRADER offers the maximum trading leverage of 1:100, which is kind of conservative. However, inexperienced traders should avoid using high leverage level, for margin trading is risky.

Trading Platform

RMDTRADER offers access to the top-rated MT5 trading platform, available on desktop, Android, and iOS devices.

Trading PlatformSupported Available Devices Suitable for
MT5✔Desktop, Android, IOSExperienced traders
MT4❌/Beginners

Deposit and Withdrawal

RMDTRADER accepts bank wire, debit, or credit cards, and e-wallets. Withdrawals are made Monday to Friday from 9 am to 5 pm (South African Standard Time), and all other withdrawals are made within 24 hours.

Deposit and Withdrawal

User Reviews

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User comment

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Comments

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ginksenk
more than one year
The trading conditions look good. All trading instruments with spreads as low as 0.7 pips, and leverage as high as 1:100 via the best MT5 platform, can be available in RMD TRADER INVESTMENT GATEWAY. But their website is no longer accessible, and it is impossible to trade with them. As you can imagine, such good conditions may be just a trick to attract traders.
The trading conditions look good. All trading instruments with spreads as low as 0.7 pips, and leverage as high as 1:100 via the best MT5 platform, can be available in RMD TRADER INVESTMENT GATEWAY. But their website is no longer accessible, and it is impossible to trade with them. As you can imagine, such good conditions may be just a trick to attract traders.
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2022-11-30 18:04
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小水人
more than one year
Its website cannot even be opened… What the hell! Are they joking? I just don’t have any interest to trade with this broker… They are so failed liars…
Its website cannot even be opened… What the hell! Are they joking? I just don’t have any interest to trade with this broker… They are so failed liars…
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2022-11-30 12:26
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