The broker named RannForex started its operations in 2013, founded by trader Dmitry Rannev. The firm offers users collaboration on a low-cost and A-Book model. Currently, over 3000 trading accounts are registered with the company.
According to the information on the website, the company is registered in Saint Vincent and the Grenadines. However, its office is located in London. Besides this, the company does not have a brokerage license. Do you think it is safe to trade on a platform with such conditions?
Users can trade currency pairs, CFDs, IPOs, and cryptocurrencies. A brokerage or PAMM account can be opened and spreads and swaps depend on the asset. You can count approximate spreads, swaps, and commissions using a trader’s calculator. Leverage can reach 1:500 and the deposit can be any amount. The maximum leverage for each asset is indicated in the margin requirements table. Trading can be done on the MetaTrader 4 or MetaTrader 5 platform.
RannForex has a partner program with a 10% commission payout. The attrition rate does not depend on turnover or other factors. Analytical materials and data on past quotes are available. Statistics for the previous day are regularly published on the Telegram channel.
PAMM accounts cannot participate in the partner program.