Ruizean-Some important Details about This Broker

Note: Ruizean's official website - https://ruizean.com/ is currently inaccessible normally.

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

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?

Account Type/Fees

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

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.