RMD TRADER--Some Important Points about This Broker

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

Is RMDTRADER Legit?

No. RMDTRADER currently has no valid regulations. It only holds an expired FSCA license. Please be aware of the risk!

What Can I Trade on Foptrade?

Account Type/Fees

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.

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.