Ramon Capital

Overview of Ramon Capital

Ramon Capital is a forex and CFD broker that was founded in 2015. The company is not regulated by any major financial regulatory authority.

Despite being unregulated, Ramon Capital offers a variety of trading instruments, including forex, commodities, indices, and stocks. The company also offers three account types: Standard Account, VIP Account, and Raw Spread Account. The minimum initial deposit for a Standard Account is $250, while the minimum initial deposit for a VIP Account is $2,500.

Ramon Capital offers leverage up to 1:500, and the minimum spread for EUR/USD is 1.0 pip. The company's trading platform is MetaTrader 4, and it accepts deposits and withdrawals via credit card, debit card, and wire transfer. Ramon Capital's customer support is available 24/5 via live chat, email, or phone.

Is Ramon Capital Legit or a Scam？

Ramon Capital operates as an unregulated forex and CFD broker. The absence of valid regulation means that the company is not overseen by any financial regulatory authority, and it does not adhere to the strict guidelines and standards put in place by regulatory bodies. For traders, this lack of regulation poses several risks and concerns.

Firstly, without regulatory oversight, there is no assurance of the safety of clients' funds. Secondly, the absence of regulation may result in less transparency and accountability in the broker's operations. Regulated brokers are obligated to maintain transparent practices, and they are subject to regular audits to ensure compliance with industry standards. Unregulated brokers, on the other hand, may lack transparency in their pricing, execution, and order handling processes, leaving traders uncertain about the fairness of their trades.

Given Ramon Capital's current unregulated status, traders should exercise extreme caution and conduct thorough due diligence before considering this broker for their trading activities.

Pros and Cons

Ramon Capital offers a variety of strengths that may appeal to traders. Firstly, the broker provides a wide range of trading instruments, including forex, commodities, indices, and stocks, allowing traders to diversify their portfolios and explore various financial markets. Additionally, Ramon Capital boasts competitive spreads, which can help reduce trading costs for clients, potentially leading to better profitability. Moreover, the broker utilizes an excellent trading platform, namely MetaTrader 4 (MT4).

While Ramon Capital offers attractive features, there are notable drawbacks to consider. The most significant concern is that the broker operates as an unregulated entity. The lack of valid regulation means that the company does not fall under the oversight of any financial regulatory authority, leaving clients without the protection and assurance that comes with regulated brokers.

Another area of concern is related to customer support, with some complaints reported about the responsiveness and quality of assistance provided by Ramon Capital's support team. Additionally, the broker imposes a high minimum deposit requirement, which may discourage traders with limited capital or those who prefer to start with smaller amounts.

Market Instruments

Ramon Capital offers a diverse array of market instruments for traders to choose from:

1. Forex: Traders can access a wide range of major, minor, and exotic currency pairs to engage in foreign exchange trading.

2. Commodities: Ramon Capital provides the opportunity to trade commodities like gold, silver, oil, and other popular commodities.

3. Indices: The broker offers trading in major global indices, enabling traders to speculate on the performance of various stock markets.

4. Stocks: Ramon Capital allows traders to invest in individual stocks of well-known companies.

Account Types

Ramon Capital offers three different account types to cater to the varying needs of traders:

1. Standard Account: This is likely the most basic account type, suitable for beginner traders or those who prefer straightforward trading conditions.

2. VIP Account: The VIP account is designed for more experienced traders or those willing to make larger deposits. It often comes with additional perks, such as lower spreads and personalized support.

3. Raw Spread Account: The Raw Spread Account typically offers raw spreads with no markup, making it suitable for traders who prioritize tight spreads and can handle direct market access.

How to Open an Account？

To open an account with Ramon Capital, you need to follow these steps:

1. Visit the Ramon Capital website and navigate to the account opening section.

2. Fill out the registration form with your name, email address, and contact information.

3. Select the account type that suits your trading preferences and financial capacity.

4. Make the minimum deposit required for the chosen account type (e.g., $250 for a Standard Account).

5. Complete any verification processes required by the broker to comply with regulations and ensure the security of your account.

6. After the account is approved and funded, you can begin trading on the Ramon Capital platform.

Leverage

Ramon Capital offers leverage of up to 1:500 for trading accounts. Leverage allows traders to control larger positions with a relatively smaller amount of capital. While high leverage can magnify profits, it also amplifies potential losses, making risk management crucial.

Spreads & Commissions

Ramon Capital offers competitive spreads on its trading instruments. For example, the average spread for the popular EUR/USD currency pair is 1.0 pip. Additionally, the broker does not charge commissions on trades, which can be advantageous for traders who engage in high-frequency trading.

Trading Platform

Ramon Capital utilizes MetaTrader 4 (MT4) as its trading platform. MT4 is one of the most widely used and respected platforms in the industry, known for its comprehensive charting tools, technical analysis indicators, and automated trading capabilities through Expert Advisors (EAs). Its user-friendly interface makes it accessible to traders of all experience levels.

Deposit & Withdrawal

Ramon Capital accepts deposits and facilitates withdrawals through various methods to accommodate traders from different regions. You can use credit cards, debit cards, or bank wire transfers to fund your trading account. Deposits are usually processed promptly, and withdrawals are typically processed within 24 hours, provided all necessary verification requirements are met.

Customer Support

Ramon Capital offers customer support services 24 hours a day, five days a week. You can reach the support team through live chat, email, or phone. Generally, the customer support team is known to be helpful and knowledgeable, addressing client inquiries and issues promptly.

Educational Resources

Ramon Capital provides a range of educational resources to help traders enhance their knowledge and skills. These resources may include tutorials, webinars, articles, and market analysis. As with any broker, taking advantage of educational materials can be beneficial for both new and experienced traders to stay informed and make more informed trading decisions.

Conclusion

Ramon Capital is an unregulated forex and CFD broker, which raises concerns about the safety and transparency of its operations. While the company offers a wide range of trading instruments, competitive spreads, and an excellent trading platform in the form of MetaTrader 4, its lack of regulation is a significant drawback. The absence of oversight means that traders are not provided with the same level of protection and assurance that comes with regulated brokers. Additionally, there have been complaints about the quality of customer support, and the high minimum deposit requirement may deter traders with limited capital.

Given these risks and drawbacks, it is crucial for traders to exercise caution and thoroughly research before considering Ramon Capital as their broker. Opting for regulated brokers can offer greater peace of mind, as they adhere to industry standards and investor protection measures. As with any financial decision, potential traders should carefully weigh the pros and cons, and consider their risk tolerance and investment objectives before making a final choice. Engaging in due diligence will enable traders to make more informed decisions and reduce the likelihood of encountering undesirable situations in their trading journey.

FAQs

Q: What is the minimum deposit required to open an account with Ramon Capital？

A: $250.

Q: What are the leverage limits at Ramon Capital？

A: Up to 1:500.

Q: What are the spreads and commissions at Ramon Capital？

A: Competitive spreads, no commissions.

Q: What trading platform does Ramon Capital use？

A: MetaTrader 4.

Q: How can I contact Ramon Capital customer support？

A: 24/5 via live chat, email, or phone.