Ruizean Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-01-02 15:53

Abstract：Ruizean was registered in Australia in 2014, offering trading in Forex and CFDs with leverage up to 1:400 and spread floating around 0.1 pips on the Standard account via the MT4 platform. Demo accounts are available and the minimum deposit requirement to open a live account is as high as 200 USD. Besides, their ASIC license is a suspicious clone.

　　Note: Ruizean's official website - https://ruizean.com/ is currently inaccessible normally.

Ruizean Review Summary
Founded	2014
Registered Country/Region	Australia
Regulation	ASIC (Revoked/Suspicious Clone)
Market Instruments	Forex, CFDs
Demo Account	✅
Leverage	Up to 1:400
EUR/USD Spread	Floating around 0.1 pips
Trading Platform	MetaTrader 4
Min Deposit	$200
Customer Support	Tel: +61 2 9017 5200
	Email: info@ruizean.com
	Facebook: https://www.facebook.com/pages/Ruizean-Pty-Ltd/1044115708938452

　　Ruizean was registered in Australia in 2014, offering trading in Forex and CFDs with leverage up to 1:400 and spread floating around 0.1 pips on the Standard account via the MT4 platform. Demo accounts are available and the minimum deposit requirement to open a live account is as high as 200 USD. Besides, their ASIC license is a suspicious clone.

Pros and Cons

Pros	Cons
Support demo account	Unavailable website
Commission-free account offered	Regulatory issues
Low spreads	High minimum deposit
Support MT4	Limited payment options

Is Ruizean Legit?

　　No, Ruizean currently has no valid regulations. It only holds revoked and suspicious clone ASIC licenses.

What Can I Trade on Ruizean?

Tradable Instruments	Supported
Forex	✔
CFDs	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type/Fees

Account Type	Min Deposit	Spread	Commission
Standard	$200	From 1.8 pips	❌
Pro	$200	From 0.1 pips	$3.5 per lot for currency pairs only, no commission for transactions involving Metals or CFDs

Leverage

　　Ruizean offers leverage up to 1:400 for both account types, which can potentially bring high returns, but it also comes with high risks.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	/	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　Ruizean primarily facilitates deposits via wire transfers, and the minimum initial deposit required to open an account with Ruizean is set at $200.