RontoXM Spreads, leverage, minimum deposit Revealed
WikiFX | 2024-10-12 11:00Abstract：RontoXM was founded in Spain in 2023. It is quite new but offers multiple trading instruments like Forex, CFDs, Indices, Stocks, Commodities, Metals, Digital Currencies and Bonds. Besides, the leverage is up to 1:400. However, the minimum deposit is too high, and it lacks regulation.
| RontoXMReview Summary | |
| Founded | 2023-07-04 |
| Registered Country/Region | Spain |
| Regulation | Not regulated |
| Market Instruments | Forex, CFDs, Indices, Stocks, Commodities, Metals, Digital Currencies and Bonds |
| Demo Account | ❌ |
| Leverage | Up to 1:400 |
| Trading Platform | Web trader |
| Min Deposit | $5000 |
| Customer Support | Email: support@rontoxm.com |
| Phone: +34 910039945 | |
RontoXM was founded in Spain in 2023. It is quite new but offers multiple trading instruments like Forex, CFDs, Indices, Stocks, Commodities, Metals, Digital Currencies and Bonds. Besides, the leverage is up to 1:400. However, the minimum deposit is too high, and it lacks regulation.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:400 | High minimum deposit |
| Various trading assets | Not regulated |
| Relatively new |
Is RontoXM Legit?
RontoXM is registered by NameCheap, Inc. in Spain. However, The National Securities Market Commission (CNMV) issues the warning of RontoXM for traders that RontoXM is not registered.
What Can I Trade on RontoXM?
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Commodities | ✔ |
| Metals | ✔ |
| Digital Currencies | ✔ |
| Bonds | ✔ |
| Energies | ❌ |
Account Type
RontoXM provides five account types: Silver, Gold, Platinum, Diamond and Exclusive.
| Account Types | Trading Balance |
| Silver | $5000 - $20000 |
| Gold | $21000 - $50000 |
| Platinum | $51000 - $100000 |
| Diamond | $101000 - $170000 |
| Exclusive | $171000 - $250000 |
Leverage
The maximum leverage of RontoXM is up to 1:400. Leveraged trading multiplies the potential rewards, but also the risk.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Web-trader | ✔ | PC, mobile | Experienced traders |
Customer Service
| Contact Options | Details |
| Phone | +34 910039945 |
| support@rontoxm.com | |
| Support Ticket System | ❌ |
| Online Chat | ✔ |
| Social Media | ❌ |
| Supported Language | Spain, English |
| Website Language | Spain, English |
| Physical Address | ❌ |
The Bottom Line
In conclusion, though RontoXM offers various trading assets, it is not regulated. And safety can't be guaranteed. Besides, the minimum deposit is higher in the market. Traders should think twice when choosing brokers.
FAQs
Is RontoXM safe?
No, RontoXM is not regulated by any financial authorities.
Is RontoXM a good for beginners?
No. It is not safe.
Is RontoXM good for day trading?
No. The fees of RontoXM are not transparent.
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