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No Regulation
Score
1.56 /10
Danger
RSL
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Influence
C
Add brokers
Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index7.37
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
Check whenever you want
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Warning: Low score, please stay away!
2
Previous Detection :
2025-12-04
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| RSL Review Summary | |
| Founded | 2004 |
| Registered Country/Region | Pakistan |
| Regulation | No regulation |
| Market Instruments | Commodities, stocks, indices, forex, options, futures |
| Demo Account | ✅ |
| Leverage | / |
| Spread | / |
| Trading Platform | Vtrade, PMEX Software, MT5 |
| Minimum Deposit | PKR 25,000 |
| Customer Support | 24/5 support, contact form |
| Tel: 021-111-159-111 | |
| Whatsapp: 0337-3159159 | |
| Email: Info@rafionline.com | |
| Facebook, X, Instagram, Linkedin | |
| Address: 1004, 10th Floor, Al-Rahim Towers I.I Chundrigar Road, Karachi | |
RSL Information
RSL is an unregulated service provider of premier brokerage and financial services, which was founded in Pakistan in 2004. It offers trading on commodities, stocks, indices, forex, options, and futures on Vtrade, PMEX Software, and MT5 platforms. The minimum deposit is PKR 25,000.
Pros and Cons
| Pros | Cons |
| Long operation time | Lack of regulation |
| Various trading products | Commission fees charged |
| Demo accounts | Limited info on deposit and withdrawal |
| MT5 platform | |
| Various contact channels |
Is RSL Legit?
No. RSL currently has no valid regulations. Please be aware of the risk!
Besides, its domain status shows that client transferring, deleting and updating are prohibited.
What Can I Trade on RSL?
| Trading Instruments | Supported |
| Commodities | ✔ |
| Stocks | ✔ |
| Indices | ✔ |
| Forex | ✔ |
| Options | ✔ |
| Futures | ✔ |
| Cryptos | ❌ |
| Bonds | ❌ |
| ETFs | ❌ |
RSL Fees
RSL offers flexible commission options, varying by trading instruments type.
| Category | Service/Instrument | Commission/Fee | Additional Notes |
| Equity Trading | Local Stocks | 0.25% of trade value (min ₹20 per order) | Lower rates for high-volume traders |
| IPO Applications | ₹50 per application | Refundable if allotment fails | |
| Derivatives Trading | Futures | 0.03% of trade value (min ₹20 per order) | Intraday discounts available |
| Options | ₹50 per lot | Flat fee regardless of contract size | |
| Currency & Commodities | Currency Derivatives | 0.02% of trade value (min ₹15 per order) | |
| MCX Commodities | 0.04% of trade value (min ₹25 per order) | ||
| Account Fees | Demat Account Annual Fee | ₹300/year | Waived for first year |
| Trading Account Maintenance | ₹0 | ||
| Other Charges | Brokerage Plans | Flat Fee Plan: ₹999/month (unlimited trades) | Contact for negotiated corporate rates |
| Volume Discounts: Custom rates | |||
| Call & Trade | ₹20 per executed order | 0 for online trading | |
| Pledge Creation | 0.02% of loan value (min ₹100) |
More details can be found via https://rafionline.com/Comission-charges
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Vtrade | ✔ | PC, web, mobile | / |
| PMEX Software | ✔ | PC, web, mobile | / |
| MT5 | ✔ | PC | Experienced traders |
| MT4 | ❌ | / | Beginners |
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