Score

5.88 /10
Average

Renaissance Capital

Regulated in Cyprus

Market Making(MM)

Suspicious Scope of Business

High potential risk

C

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Comparison

Quantity 7

Exposure

Time Machine
Website

Score

Regulatory Index6.67

Business Index9.12

Risk Management Index0.00

Software Index6.00

License Index6.32

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Renaissance Securities (Cyprus) Limited

Company Abbreviation

Renaissance Capital

Platform registered country and region

Cyprus

Company website

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Company summary

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WikiFX Risk Alerts 2
Previous Detection : 2024-11-16
  • The number of the complaints received by WikiFX have reached 6 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
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    Renaissance Capital · Company summary

    Risk Warning

    Online trading is dangerous, and you could potentially lose all of your investment funds. Not all investors and traders are suitable for it. Please understand that the information on this website is designed to serve as general guidance, and that you should be aware of the risks.

    General Information

    Renaissance Capital Review Summary
    Registered Country/Region Cyprus
    Regulation CYSEC
    Products & Services equity, forex, fixed income, derivatives, etc.
    Account Type Single Multi-Currency & Multi-Asset account
    Customer Support email

    What is Renaissance Capital?

    Renaissance Capital is a financial services firm renowned for its expertise in providing bespoke financing solutions to a diverse clientele. With a global presence, the company caters to financial institutions, funds, corporates, asset managers, and insurance companies from around the world. Offering a wide range of trading instruments across different asset classes, including equity, FX, fixed income, derivatives, and more, Renaissance Capital empowers its clients with comprehensive financial services and unique market opportunities.

    Renaissance Capital

    Pros & Cons

    Pros Cons
    • Regulatory oversight (CYSEC) • Lack of direct contact ways
    • Broad range of trading instruments • Reports of difficulties with fund withdrawals
    • Not all products & services available for US clients

    Renaissance Capital Alternative Brokers

    There are many alternative financial brokers to Renaissance Capital depending on the specific needs and preferences of the trader. Some popular options include:

    • IronFX - A prominent online trading brokerage known for providing a comprehensive platform for investors to access various financial markets.

    • FXTM - Known as ForexTime, is a reputable and globally recognized online forex trading broker.

    • UEZ Markets - A financial services company that offers various trading and investment solutions to its clients. It provides access to trading instruments across different asset classes, including forex, stocks, indices, commodities, and cryptocurrencies.

    Is Renaissance Capital Safe or Scam?

    The fact that Renaissance Capital operates under regulation from CYSEC (Cyprus Securities and Exchange Commission) indicates that it is subject to regulatory oversight and compliance with certain standards and rules. This regulation can provide some level of assurance to clients as it ensures that the brokerage firm follows certain guidelines and practices aimed at protecting investors' interests.

    On the other hand, the reports of difficulties in withdrawing funds are concerning. If there are numerous complaints or indications of clients experiencing issues with withdrawing their funds, it could raise doubts about the reliability and integrity of the brokerage. In the financial industry, delays or difficulties with withdrawals are red flags and can indicate potential issues with liquidity or operational practices.

    CySEC license

    Products & Services

    Renaissance Capital provides access to equity markets, allowing clients to trade stocks and shares of publicly listed companies. Investors can buy, sell, or hold equities to participate in the ownership of companies and potentially benefit from price appreciation and dividends.

    Clients can engage in foreign exchange trading through Renaissance Capital, enabling them to trade currencies from different countries against one another. The FX market is the largest and most liquid financial market globally, providing opportunities for speculation, hedging, and international trade.

    Renaissance Capital offers fixed income instruments, which include government and corporate bonds, treasury bills, and other debt securities. These instruments provide investors with regular interest payments and return of principal at maturity, making them appealing for income-oriented and risk-averse investors.

    Lastly, Renaissance Capital enables clients to engage in derivatives trading, which involves a wide range of financial instruments whose value is derived from an underlying asset or assets. These derivative instruments may include options, futures contracts, swaps, and other structured products.

    Products & Services

    Accounts

    Renaissance Capital excels in providing an account options to suit the diverse needs of its clients. The account is the Single Multi-Currency & Multi-Asset account, which allows clients to hold multiple currencies and various types of assets within a single consolidated account. This feature offers unparalleled convenience and flexibility for managing international investments and transactions. With an extensive list of supported currencies, including RUB, CNY, KZT, USD, EUR, ZAR, BYN, TRY, AUD, and others, clients can efficiently manage and transact in different currencies, minimizing currency conversion costs and risks.

    User Exposure on WikiFX

    On our website, you can see reports of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section. We would appreciate it and our team of experts will do everything possible to solve the problem for you.

    User Exposure on WikiFX

    Customer Service

    Renaissance Capital offers a comprehensive and specialized customer service experience through dedicated email channels for different services.

    • Electronic Execution (ElectronicExecution@rencap.com): This customer service email is designed to address inquiries and assistance related to electronic execution of trades.

    • Prime Brokerage (PrimeBrokerage@rencap.com): The Prime Brokerage customer service email caters to the needs of clients engaged in prime brokerage services.

    • Derivatives (Options@rencap.com): Clients interested in derivatives trading can utilize this email to seek support for options trading, futures contracts, and other derivative instruments.

    • Structured Products (StructuredProducts@rencap.com): The customer service email for structured products assists clients with inquiries related to investment products with customized risk and return profiles.

    • Equities Trading (SalesTrading@rencap.com): For clients engaged in equities trading, this email channel provides customer service for inquiries related to equity markets, stock trading, and execution of equity orders.

    • Fixed Income Trading (FICCbonds@rencap.com): The customer service email for fixed income trading offers support for clients trading in fixed income securities, including government bonds, corporate bonds, and other debt instruments.

    • FX Trading (FXTrading@rencap.com): Clients involved in foreign exchange trading can reach out to this email address for assistance with FX trading strategies, currency pairs, and other foreign exchange-related inquiries.

    • REPO (REPO@rencap.com): The customer service email for REPO transactions helps clients with inquiries and support related to repurchase agreements, a form of short-term borrowing using securities as collateral.

    Conclusion

    In conclusion, Renaissance Capital caters to a broad spectrum of clients with its tailored financing solutions and extensive array of trading instruments. Its dedication to regulatory compliance under CYSEC provides clients with a level of assurance in terms of adhering to industry standards and regulations. However, the reports of difficulties in withdrawing funds raise concerns and warrant careful consideration. As with any financial institution, potential clients should conduct thorough research, seek professional advice, and assess the firm's overall reputation and customer feedback before engaging in any financial transactions with Renaissance Capital or any other brokerage firm. Making informed decisions and exercising caution will help ensure a safe and secure financial journey.

    Frequently Asked Questions (FAQs)

    Q1: Is Renaissance Capital regulated?

    A1: Yes, Renaissance Capital operates under regulation from CYSEC (Cyprus Securities and Exchange Commission).

    Q2: What services does Renaissance Capital provide?

    A2: Renaissance Capital offers bespoke financing solutions to clients, catering to a diverse range of financial needs. They provide access to various trading instruments, including equity, FX, fixed income, derivatives, and more.

    Q3: How can clients contact Renaissance Capital for customer service?

    A3: Clients can reach out to Renaissance Capital's specialized customer service teams through designated email addresses for specific services, such as Electronic Execution, Prime Brokerage, Derivatives, Structured Products, Equities Trading, Fixed Income Trading, FX Trading, and REPO.

    Q4: Does Renaissance Capital have any regional restrictions?

    A4: Yes. Not all products or services offered by Renaissance Capital are available in the United States.

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    Gentermonter
    more than one year
    Even after more than 20 days, I have not received any of the funds I requested. While the support team claims that $300 has been deposited into my account, the remaining amount is yet to be credited. This delay and uncertainty in transactions have negatively impacted my perception of their platform.
    Even after more than 20 days, I have not received any of the funds I requested. While the support team claims that $300 has been deposited into my account, the remaining amount is yet to be credited. This delay and uncertainty in transactions have negatively impacted my perception of their platform.
    Translate to English
    2024-02-29 15:39
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