RMD TRADER--Some Important Points about This Broker
요약：Founded in 2018, RMDTRADER is an unregulated broker registered in Mauritius, offering trading in Forex, Indices, Shares, Commodities, Cryptocurrencies, ETFs, Bonds, and Options with leverage up to 1:100 and spread from 0.7 pips through the MT5 trading platform. There are three account types offered, and the minimum deposit requirement is $100.
| RMDTRADER Review Summary | |
| Founded | 2018 |
| Registered Country/Region | Mauritius |
| Regulation | FSCA (Expired) |
| Market Instruments | Forex, Indices, Shares, Commodities, Cryptocurrencies, ETFs, Bonds, Options |
| Demo Account | / |
| Leverage | 1:100 |
| Spread | 0.7 pips (Standard account) |
| Trading Platform | MT5 |
| Min Deposit | $100 |
| Customer Support | Tel: 2304673003 |
| Email: info@rmdtrader.com | |
| Regional Restriction | US |
Founded in 2018, RMDTRADER is an unregulated broker registered in Mauritius, offering trading in Forex, Indices, Shares, Commodities, Cryptocurrencies, ETFs, Bonds, and Options with leverage up to 1:100 and spread from 0.7 pips through the MT5 trading platform. There are three account types offered, and the minimum deposit requirement is $100.
Pros and Cons
| Pros | Cons |
| Various trading products | Expired FSCA license |
| Multiple account types | Does not provide services in the United States |
| MT5 platform | |
| Popular payment options |
Is RMDTRADER Legit?
No. RMDTRADER currently has no valid regulations. It only holds an expired FSCA license. Please be aware of the risk!
| Regulatory Status | Expired |
| Regulated by | Financial Sector Conduct Authority (FSCA) |
| Licensed Institution | RMD TRADE (PTY) LTD |
| Licensed Type | No Sharing |
| Licensed Number | 50259 |
What Can I Trade on Foptrade?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Commodities | ✔ |
| Cryptocurrencies | ✔ |
| ETFs | ✔ |
| Bonds | ❌ |
| Options | ❌ |
Account Type/Fees
| Account Type | Standard | RAW | ISLAMIC |
|---|---|---|---|
| Min Deposit | $100 | $10,000 | $100 |
| Spread | From 0.7 pip | From 0.3 pips | From 0.7 pips |
| Commission | Shares & Indices only | From $5 per round lot | All products |
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.
Trading Platform
RMDTRADER offers access to the top-rated MT5 trading platform, available on desktop, Android, and iOS devices.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop, Android, IOS | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
RMDTRADER accepts bank wire, debit, or credit cards, and e-wallets. 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.
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