RannForex Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-16 14:40

Abstract：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 Review Summary
Founded	2013
Registered Country/Region	Seychelles
Regulation	FSA
Market Instruments	49 types of forex, 5 types of metals, 3 types of energies, 11 types of indices
Account Type	MT5 PRO Account, MT5 ZERO Account
Demo Account	✔
Leverage	Up to 1:500
Minimum trading set	0.01 lots
Trading Platform	MT5
Payment Method	Bank Wire, Crypto, Volet
Customer Support	Email: info@rann.forex
Customer Support	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.

Pros and Cons

Pros	Cons
Regulated	No Islamic account
Wide range of trading instruments	No information about phone
Generous leverage up to 1:500	Limited payment methods
MT5 supported	No 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 Country	Regulated Authority	Regulated Entity	License Type	License Number	Current Status
Seychelles	FSA	RannForex Limited	Retail Forex License	SD151	Offshore Regulated

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	❌

Account Types

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

Account Type	MT5 PRO Account	MT5 ZERO Account
Min Deposit	$2	$2
Minimum volume	0.01 Lot	0.01 Lot
Leverage	1:500	1:500
Locked margin	50%	50%
Commission	$20 per 1 million USD (for one side) around 4$ per lot	$0 (moved to spread)
Stop out	60%	60%
Demo Account	✔	✔

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 Platform	Supported	Available Devices
MT5	✔	Web, Mobile
MT4	❌

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.

	Currency	Fee	Time limits	Notes
Bank Wire	USD	0%	Few days	Regular wire transfer
Crypto	USD	0.5%	Immediately	B2BinPAY - Cryptocurrencies (USDT, BTC, ETH etc.)
Volet	USD	1%	Immediately	Volet (ex Advcash) – popular payment system.

	Currency	Fee	Time limits	Notes
Bank Wire	USD	0%	Few days	Regular wire transfer
Crypto	USD	0.5%	Immediately	B2BinPAY - Cryptocurrencies (USDT, BTC, ETH etc.)
Volet	USD	1%	Immediately	Volet (ex Advcash). ** Withdrawals are automatic up to 500 USD per day.