RBFXPRO

Note: RBFXPRO's official website: https://www.rbfxpro.com/ is currently inaccessible normally.

RBFXPRO Information

RBFXPRO is a brokerage company with its domain registered in 2016 and offers trading services on forex & index CFDs, precious metals and cryptocurrencies. The minimum deposit is affordable from $20 and you can trade from the robust MT4 platform with them. There are 5 tiered accounts for investors with various experience levels. However, its website is currently unavailable. What's worse, the company operates without valid regulations from any authority bodies, which exacerbates its credibility and legality.

Is RBFXPRO Legit?

The broker operates without any valid supervision from any regulatory authorities. It raises a question about its legitimacy and credibility because regulated brokers usually adhere to strict industry standards to protect customer funds.

Downsides of RBFXPRO

Unavailable website: RBFXPRO's website cannot be opened currently.

Regulatory concerns: The company operates without any regulations, meanig that it does not comply to rules from any regulatory authorities. This heightens trading risks with them.

High minimum deposit: The broker sets a high barrier of entry point to deposit at least $500 to open an account and start trading, quite a burden for those with limited capital.

Market Instruments

RBFXPRO provides access to a diverse array of financial instruments such as Forex, Indices, Commodities and cryptos.

Forex (Foreign Exchange): Forex is the global marketplace for trading national currencies against one another, making it the largest financial market in the world. Popular pairs are EURUSD, CADUSD, USDJPY, etc.

Indices: Indices represent a group of stocks or other securities, providing a benchmark for market performance and allowing investors to track overall market trends.

Commodities: Commodities are basic goods used in commerce that are interchangeable with other goods of the same type, including physical assets like precious metals.

Cryptos: Cryptocurrencies are digital or virtual currencies that use cryptography for security and operate on decentralized networks based on blockchain technology.

Always follow the rule of investment and scatter risks by putting money in different products instead of only one that you are optimistic about.

Account Type/Fees

RBFXPRO offers various account types with specific minimum deposits and trading conditions.

The MICRO account requires a minimum deposit of $500, while the MINI and ECN-MINI accounts need $1,000.

The STANDARD account has a $5,000 minimum deposit, and the ECN-PRO account requires $10,000.

The MICRO, MINI, and STANDARD accounts have a fixed spread of 2 pips, ensuring predictable costs, whereas the ECN-MINI and ECN-PRO accounts feature spreads starting from 0 points.

The higher rank your account is, the more benefits of services and trading conditions you will enjoy.

Importantly, RBFXPRO does not charge any commissions on trades for all account types, which helps reduce overall trading expenses.

Trading Platform

RBFXPRO provides the popular MetaTrader 4 (MT4) trading platform for its clients. MT4 is a widely used and highly regarded platform in the forex and CFD trading industry. It offers a user-friendly interface, advanced charting capabilities, and a comprehensive set of trading tools and features.

You can use the platform through web on any devices or download the app version on mobile phones and PC.

Deposits & Withdrawals

RBFCPRO allows users to deposit funds into their trading accounts using credit cards and online payment platforms such as Skrill, Neteller, Payeer, and WebMoney.