RedMars-Overview of Minimum Deposit, Leverage, Spreads

RedMars Information

Founded in 2020, RedMars is a regulated broker registered in Cyprus, offering trading on metals, indices, commodities, stocks, cryptocurrencies and forex with leverage up to 1:30 and average spread from 1.2 pips on the leading MT5 platform. Demo accounts are available and the minimum deposit requirement to open a live account is $250.

Pros and Cons

Is RedMars Legit?

Yes. RedMars is regulated by Cyprus Securities and Exchange Commission (CySEC).

Regulated Country	Regulator	Current Status	Regulated Entity	License Type	License No.
	Cyprus Securities and Exchange Commission (CySEC)	Regulated	RED MARS Capital LTD	Straight Through Processing (STP)	396/21

What Can I Trade on RedMars?

Account Type

Here are four account types RedMars offers:

Leverage

The broker offers max leverage of 1:30. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.

RedMars Fees

Trading Platform

Deposit and Withdrawal

The broker accepts payments via PayPal, Visa, and Mastercard.

No fees or charges specified.