RENHE Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-11 16:30

Abstract：RENHE promises to offer Forex, commodities, indices, and CFDs on MetaTrader 4 (MT4). It gives traders 100:1 leverage to maximise returns. RENHE has a suspicious Securities Commission of The Bahamas clone licence.

　　Note: RENHEs official website: https://www.renhetrade.com/ is currently inaccessible normally.

RENHE Review Summary
Founded	2022
Registered Country/Region	United Kingdom
Regulation	Suspicious clone under the Securities Commission of The Bahamas (SCB), license number SIA-F211
Market Instruments	Forex, Commodity, Index, CFD
Demo Account	/
Leverage	Up to 100:1
Spread	Low, not mentioned
Trading Platform	MetaTrader 4 (MT4)
Min Deposit	/
Customer Support	- Telephone: +86 01021789630
	- Email: cs@renhetrade.com
	- Registered Address: 41 Devonshire Street Ground Floor Office 1, London, W1G 7AJ, UK
	- Business Address: 1-1301, Jiukeshu, Cuijingbeili, Tongzhou District, Beijing, China

RENHE Information

　　RENHE promises to offer Forex, commodities, indices, and CFDs on MetaTrader 4 (MT4). It gives traders 100:1 leverage to maximise returns. RENHE has a suspicious Securities Commission of The Bahamas clone licence.

Pros and Cons

Pros	Cons
Multiple Market Instruments	Suspicious clone SCB License
No Commission Charges	Website inaccessible
MT4 Trading Platform	Limited fee information

Is RENHE Legit?

　　The Bahamas Securities Commission considers Renhe Financial Services Limited a suspicious clone. This indicates that the entity is faking a regulatory licence. Renhe Financial Services Limited presented SIA-F211, reported to be a Bahamas Securities Commission retail forex licence. This licence is fake and does not have Bahamas regulatory control.

Regulatory Status	Suspicious clone
Regulated by	Securities Commission of The Bahamas
Licensed Institution	Renhe Financial Services Limited
Licensed Type	Retail Forex License
License Number	SIA-F211

What Can I Trade on RENHE?

　　RENHE provides trading in Forex, commodities, indices, and CFDs among other asset classes.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Crypto	❌
CFD	✔
Indices	✔
Stock	❌
ETF	❌

Account Types

　　RENHE provides live trading accounts but has not stated the specifics or categories for any other accounts. It limits flexibility for many trading purposes by excluding Islamic (swap-free) account alternatives and demo accounts.

Leverage

　　With leverage up to 100:1, RENHE lets traders control bigger positions with less capital needed. High leverage should be used by traders carefully since it may cause capital to be rapidly depleted.

RENHE Fees

　　RENHE promises minimal spreads and does not impose commission fees on trades, therefore lowering client total trading expenses. Their cost-effectiveness is difficult to evaluate, though, since particular charge structures for spreads, commissions, and swap rates are not clearly stated.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for what kind of traders
MT4	✔	Desktop, Mobile (iOS/Android)	Traders who prefer a standard platform for flexibility