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WikiFX | 2024-12-16 14:40

Abstract:RannForex, founded in 2013, is a brokerage registered in Seychelles. The trading instruments it provides cover 49 types of forex, 5 types of metals, 3 types of energies, 11 types of indices. It is regulated by Seychelles.

RannForex Review Summary
Founded2013
Registered Country/RegionSeychelles
RegulationFSA
Market Instruments49 types of forex, 5 types of metals, 3 types of energies, 11 types of indices
Account TypeMT5 PRO Account, MT5 ZERO Account
Demo Account✔
LeverageUp to 1:500
Minimum trading set0.01 lots
Trading PlatformMT5
Payment MethodBank Wire, Crypto, Volet
Customer SupportEmail: info@rann.forex
Physical Address: Block B, Global Village, Jivan's Complex, Mont Fleuri,Mahe, Seychelles.

RannForex Information

RannForex, founded in 2013, is a brokerage registered in Seychelles. The trading instruments it provides cover 49 types of forex, 5 types of metals, 3 types of energies, 11 types of indices. It is regulated by Seychelles.

RannForex Information

Pros and Cons

Pros Cons
RegulatedNo Islamic account
Wide range of trading instrumentsNo information about phone
Generous leverage up to 1:500Limited payment methods
MT5 supportedNo MT4 supported
Demo account available
Low min deposit
High maximum leverage

Is RannForex Legit?

RannForex is regulated by FSA in Seychelles. Its current status is offshore regulated.

Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberCurrent Status
SeychellesFSARannForex LimitedRetail Forex LicenseSD151Offshore Regulated
Is RannForex Legit?

What Can I Trade on RannForex?

RannForex offers traders 49 types of forex, 5 types of metals, 3 types of energies, 11 types of indices to trade.

Tradable Instruments Supported
Forex✔
Energies✔
Metals✔
Indices✔
Commodities❌
Stocks❌
Futures❌
Options❌
What Can I Trade on RannForex?

Account Types

RannForex offers 2 different types of accounts to traders - MT5 PRO Account, MT5 ZERO Account. It also provides demo accounts.

Account TypeMT5 PRO AccountMT5 ZERO Account
Min Deposit$2$2
Minimum volume0.01 Lot0.01 Lot
Leverage1:5001:500
Locked margin50%50%
Commission$20 per 1 million USD (for one side) around 4$ per lot$0 (moved to spread)
Stop out 60%60%
Demo Account✔✔
Account Types

RannForex Fees

RannForex charges $20 per 1 million USD (for one side) around 4$ per lot for MT5 PRO Account, $0 (moved to spread) for MT5 ZERO Account. RannForex's spreads are 0.1 - 976.6 pips.

Trading Platform

RannForex's trading platform is MT5, which supports traders on PC, Mac, iPhone and Android.

Trading PlatformSupported Available Devices
MT5✔Web, Mobile
MT4❌
Trading Platform

Deposit and Withdrawal

The broker supports provides 3 type of deposit and withdrawal methods - Bank Wire, Crypto, Volet. RannForex charges fees for deposits and withdrawals.

CurrencyFeeTime limitsNotes
Bank WireUSD0%Few daysRegular wire transfer
CryptoUSD0.5%ImmediatelyB2BinPAY - Cryptocurrencies (USDT, BTC, ETH etc.)
VoletUSD1%ImmediatelyVolet (ex Advcash) – popular payment system.
Deposit and Withdrawal
CurrencyFeeTime limitsNotes
Bank WireUSD0%Few daysRegular wire transfer
CryptoUSD0.5%ImmediatelyB2BinPAY - Cryptocurrencies (USDT, BTC, ETH etc.)
VoletUSD1%ImmediatelyVolet (ex Advcash). ** Withdrawals are automatic up to 500 USD per day.
Deposit and Withdrawal

BrokerDealer

Related broker

Offshore Regulated
RannForex
Company name:RannForex Limited
Score
4.35
Website:https://rannforex.com/en
5-10 years | Regulated in Seychelles | Derivatives Trading License (EP) | MT5 Full License
Score
4.35

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