Ruizean-Some important Details about This Broker
Extrait：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.
Note: Ruizean's official website - https://ruizean.com/ is currently inaccessible normally.
| Ruizean Review Summary | |
| Founded | 2014 |
| Registered Country/Region | Australia |
| Regulation | ASIC (Revoked/Suspicious Clone) |
| Market Instruments | Forex, CFDs |
| Demo Account | ✅ |
| Leverage | Up to 1:400 |
| EUR/USD Spread | Floating around 0.1 pips |
| Trading Platform | MetaTrader 4 |
| Min Deposit | $200 |
| Customer Support | Tel: +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 account | Unavailable website |
| Commission-free account offered | Regulatory issues |
| Low spreads | High minimum deposit |
| Support MT4 | Limited payment options |
Is Ruizean Legit?
No, Ruizean currently has no valid regulations. It only holds revoked and suspicious clone ASIC licenses.
What Can I Trade on Ruizean?
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type/Fees
| Account Type | Min Deposit | Spread | Commission |
|---|---|---|---|
| Standard | $200 | From 1.8 pips | ❌ |
| Pro | From 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 Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
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.
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