Roden-Some important Details about This Broker

General Information

According to the website, Roden Global Limited introduces itself as an online forex trader founded in 1993, who offers foreign exchange, futures, options, stock transaction with CFDs and related services for all over the world retail and institutional clients. However, domain check results showed it was newly created in 2021. This is the first red flag here.

Regulatory Controversy

Roden mentions the company is located in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA. But we did not find any match results to Roden in the FCA. So Roden is not regulated by any regulators. That means investors' money in this broker is unsafe and cannot be protected by any law.

Leverage

Roden's default account leverage is 100:1 and up to 500:1. If an investor is not satisfied with the default leverage, he/she can apply for a higher leverage. However, leverage amplifies potential profits, but it also immensely boosts risks.

Trading Platform

Roden offers its clients access to the world financial markets via the MetaTrader 5 (MT5) platform, which is used by millions of traders worldwide and is available for both PC and cell phones.

Transaction Time

Normal trading week began in the U.S. Eastern time 17:00 PM Sunday, ending in the U.S. Eastern time 16:00 PM Friday, 24 hours of continuous trading. Corresponding to the Beijing time: daylight saving time Monday morning at 5:00, at 4:00 a.m. Saturday; winter Monday morning at 6:00, at 5:00 a.m. Saturday

Contact Information

Should investors have any questions, they can contact Roden via email support@roden-fx.com. Company Address: 291 Brighton Road, South Croydon, CR2 6EQ, United Kingdom.