RedMars-Overview of Minimum Deposit, Leverage, Spreads

General Information

Established in 2020, RedMars, a trading name of Red Mars Capital Ltd., is allegedly a forex private company based and regulated in Cyprus that provides its clients with the industry-standard MetaTrader4 and MetaTrader5 trading platforms, leverage up to 1:500, variable spreads on over 300 financial instruments, as well as a choice of four different investment strategies.

Market Instruments

RedMars advertises that it offers more than 300 trading instruments in financial markets, including forex, CFDs, metals, stocks, commodity futures, spot indices, equity and cryptocurrencies.

Investment Strategies

There are four investment strategies offered by RedMars, namely Yellow, Green, Orange and Red. Starting a Yellow, Green or Orange investment strategy requires a minimum investment amount of $50K, while the Red investment strategy with a much higher minimum initial capital requirement of $100K. The yearly target return is 5%, 10%, 15% and 20% separately. More specific information can be seen in the below screenshot.

Leverage

The maximum leverage ratio provided by RedMars is much higher than most brokers, up to 1:500. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads

Through the demo MT5 account of RedMars, we found the spread for the EUR/USD pair was floating around 1.5 pips.

Trading Platform Available

When it comes to trading platforms available,RedMars gives traders MT4 and MT5 desktop, WebTrader and mobile devices including iOS and Android. The MT4 and MT5 are known as the most successful, efficient, and competent forex trading software. The MT4 offers an intuitive and user-friendly interface, advanced charting and analysis tools, as well as copy and auto-trade options. While the MT5 allows traders to execute trades on different financial markets through a single account and there is a hedging option. With the MT4 or MT5 mobile app, trading can be done from anywhere and at any time through the right mobile terminals.

Tools

Also, RedMars provides its clients with a profit calculator, whose interface seems to be quite simple and easy to use, just as the following screenshot shows.

Deposit & Withdrawal

RedMars accepts deposits and withdrawals with Bank Wire, Visa, MasterCard, FasaPay, cryptocurrencies of Bitcoin, Litecoin, Ethereum and others, Local Depositor and SticPay, yet we cannot be sure if these payment options are all available. The minimum deposit requirement is said to be only $10.

Customer Support

RedMars customer support can be reached by telephone: +35725261450, email: pm@redmars.capital. Besides, you can also follow this broker on some social media platforms like YouTube, Instagram and Facebook. Company address: 1st Floor Visionhire, Marikas Kotopouli, 3030 Limassol, Cyprus.