RMD TRADER--Some Important Points about This Broker

General Information & Regulation

RMD TRADER is a South African online Forex and CFD broker based in Mauritius. RMDTRADER is approved by the Financial Services Commission (FSC) Mauritius as a Global Business License holder under Section 72 of the Financial Services Act 2007 (Company number: 167074 C1 GBL) and as an Investment Dealer (Full Service Dealer, excluding Underwriting) under Section 29 of the Securities Act 2005 (Licence number: C118023752).

Market Instruments

RMD TRADER provides investors with a series of tradable instruments, including forexcurrency pairs, indices, stocks, commodities, ETFs, and cryptocurrencies.

Minimum Deposit

RMD TRADER provides investors with two different trading accounts, the Standard Account, and the Islamic Account. Both accounts have a minimum opening amount of $100, and the base currency of the account is USD.

RMD TRADER 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.

Spreads & Commissions

RMD TRADER's standard account has a minimum spread of 0.7 pips, and only spread are calculated on Forex, Commodities, and Metals transactions, while commissions are charged on stock transactions. RMD TRADER's Islamic account has a minimum spread of 0.7 pips, and commissions are charged on all product transactions on this account.

Trading Platforms

RMD TRADER provides traders with a trading platform is Mirror Trading and MT5 trading platform. The main features of Mirror Trading include a user-friendly administration panel, a website widget with leaderboards and statistical charts, a trade record uploader, professional and detailed trading performance statistics, and internal risk management. MT5 is a multi-functional platform that offers advanced trading features, including technical analysis tools, automated trading robots, and trading signals for the Forex, stock, and futures markets. In addition to desktop and mobile versions, the all-in-one platform is also available on the web and can be accessed from any device.

Deposit & Withdrawal

RMD TRADER supports traders to deposit and withdraw funds from their investment accounts by credit card, debit card, or wire transfer. 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.

Trading Hours

RMD TRADER lists a detailed trading hour chart, which clearly indicates the specifis trading time of each instruments.