RidgeCorp Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-18 17:16

Abstract：Ridge is a broker providing various tradable instruments, including forex, shares, cryptocurrencies, commodities, indices, and ETF CFDs. Ridge has different account types with a maximum leverage of 1:1000, such as NANO, KILO, MEGA, GIGA, and TERA. The minimum average spread is 0.00002 pips and the minimum deposit is $10. Ridger is still risky due to its unregulated status, high leverage, and bad reviews about difficulty withdrawing money.

Ridge Review Summary
Founded	2006-04-18
Registered Country/Region	Ukraine
Regulation	Unregulated
Market Instruments	Forex, Shares, Cryptocurrencies, Commodities, Indices, and ETF CFDs
Demo Account	Not mentioned
Leverage	Up to 1:1000
Minimum Average Spread	0.00002 pips
Trading Platform	MT5(Web, PC, iOS and Android)
Min Deposit	$10
Customer Support	Phone: +380665752192Email: support@ridgecorp.com.ua

Ridge Information

　　Ridge is a broker providing various tradable instruments, including forex, shares, cryptocurrencies, commodities, indices, and ETF CFDs. Ridge has different account types with a maximum leverage of 1:1000, such as NANO, KILO, MEGA, GIGA, and TERA. The minimum average spread is 0.00002 pips and the minimum deposit is $10. Ridger is still risky due to its unregulated status, high leverage, and bad reviews about difficulty withdrawing money.

Pros and Cons

Pros	Cons
Various tradable instruments: forex, shares, cryptocurrencies, etc.	Unregulated
MT5 available	Withdrawal information missing
Leverage up to 1:1000	Bad reviews about difficulty withdrawing money
Islamic account available

Is Ridge Legit?

　　Ridge is not regulated, which makes it less safe than regulated brokers.

What Can I Trade on Ridge?

　　Ridge provides various trading instruments, including forex, shares, cryptocurrencies, commodities, indices, and ETF CFDs.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Shares	✔
Cryptocurrencies	✔
indices	✔
ETF CFDs	✔

Account Type

　　The five account types are NANO, KILO, MEGA, GIGA, and TERA. NANO, KILO, and GIGA have a minimum deposit of $10 and a leverage of 1:400. Traders who want a maximum leverage of 1:1000 can open a NANO account and, on the contrary, choose the TERA account with 1:1 leverage.

Account Type	NANO	KILO	MEGA	GIGA	TERA
Minimum Deposit	$10	$10	$10	$10	n/a
Platforms	MT5	MT5	MT5	MT5	MT5
Average Spread EURUSD	0.00003	0.00013	0.0002	0.00003	n/a
Leverage Up To	1:400	1:400	1:1000	1:400	1:1
Commissions	$6	❌	❌	$6/lot	From $1.5
Commissions of StockCFDS	$0.04/CFD(min $6)	$0.04/CFD(min $6)	$0.04/CFD(min $8)	$0.04/CFD(min $6)	n/a
Islamic Account	✔	✔	✔	✔	❌

Ridge Fees

　　The minimum average spread is from 0.00002(except TERA), and the commission is from 0.

Leverage

　　The maximum leverage is 1:1000, which means that profits and losses are magnified 1000 times.

Trading Platform

　　Ridge has an authoritative MT5 trading platform with different versions, including Web, PC, iOS, and Android.

Trading Platform	Supported	Available Devices
MT5	✔	Web, PC, iOS, and Android

Deposit and Withdrawal

　　The minimum deposit is $10(except TERA account).

Customer Support Options

　　Traders can communicate via phone and email. However, specific customer support schedules are unclear.

Contact Options	Details
Phone	+380665752192
Email	support@ridgecorp.com.ua
Supported Language	English
Website Language	English
Physical Address	22 Ribalska str. Kyiv 01011Ukraine. Ridge Corporation LLC