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 |
Physical Address: Block B, Global Village, Jivan's Complex, Mont Fleuri,Mahe, Seychelles. |
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 | 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 |
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 |
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 | ❌ |
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 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.
RannForex's trading platform is MT5, which supports traders on PC, Mac, iPhone and Android.
Trading Platform | Supported | Available Devices |
MT5 | ✔ | Web, Mobile |
MT4 | ❌ |
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. |
HYCM is an online broker offering a wide variety of market instruments. WikiFX reviewed HYCM a few years ago. However, we wonder if this broker is still reliable in 2024 and the coming 2025. WikiFX has made a comprehension review of this broker to help you better understand the truth.
Robinhood to introduce options trading in the UK by 2025 following FCA approval. Discover how this expansion aligns with Robinhood's strategy for global growth and new features.
In recent months, PrimeX Capital, a Forex and CFD broker established in 2022, has become a subject of concern in the trading community. However, despite these enticing features, the broker's reputation has been severely tarnished by multiple complaints and a troubling lack of regulatory oversight.
Markets4you, is a global forex broker launched in 2007. It was established in the British Virgin Islands. This broker offers its global traders various market instruments.