Note: Ruizean Markets' official website: https://ruizeanmarkets.eu/en is currently inaccessible normally.
Ruizean Markets Information
Ruizean Markets, formerly known as RZT Capital, is a Cypriot brokerage offering currency pairs and CFDs on indices, precious metals, and commodities. However, there are concerns about the platform's legitimacy. It operates under a suspected CYSEC (Cyprus Securities and Exchange Commission) clone license, number 340/17. Furthermore, the platforms website is currently inaccessible.
Pros & Cons
Pros:
- Diverse Trading Options: Ruizean Markets offers a wide range of trading instruments, including currency pairs, CFDs on indices, precious metals, and commodities.
- MetaTrader 4 (MT4) Platform: The use of MetaTrader 4 provides a robust and user-friendly trading environment. MT4 is known for its reliability, fast execution, and advanced charting capabilities, as well as support for Expert Advisors (automated trading bots).
- Multiple Account Types: The broker offers various account types—Standard, ECN, and Pro.
- Demo Account: The availability of a demo account allows traders to test their trading strategies without risking any real money.
Cons:
- Suspicious CYSEC clone: The broker's suspected CYSEC clone status is a serious red flag, indicating fraudulent activities and putting investors' funds at risk.
- Website Unavailable: Website outages of the company hinders trading activities.
Is Ruizean Markets Legit？
When considering the safety of a brokerage like Ruizean Markets or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:
- Regulatory sight: The CYSEC (Cyprus Securities and Exchange Commission) license with number 340/17 is suspected to be a fake clone, casting doubts about Ruizean Markets's regulatory compliance and legitimacy.
- User feedback: For a deeper insight into the brokerage, traders should read reviews and feedback from existing clients. These valuable inputs from users, available on trustworthy websites and discussion forums, can provide firsthand information about the broker's operations.
- Security measures: so far we have not found such info across Internet about this broker.
In the end, choosing whether or not to engage in trading with Ruizean Markets is an individual decision. We advise you carefully balance the risks and returns before committing to any actual trading activities.
Market Instruments
Ruizean Markets provides a diverse array of trading instruments, which include a broad selection of currency pairs, enabling forex trading across major, minor, and exotic currencies.
Additionally, they offer Contracts for Difference (CFDs) on a range of indices, precious metals like gold and silver, and various commodities such as oil and natural gas.
Account Types
Ruizean Markets offers three types of live trading accounts: Standard, ECN, and Pro.
The Standard account requires a minimum deposit of $200, while the ECN account has a minimum deposit of $500, and the Pro account necessitates a minimum of $1,000. Each account type allows for a minimum trade size of 0.01 lots.
Additionally, a demo account is available for those looking to practice trading strategies without financial risk.
Leverage
All Ruizean Markets account types offer a maximum leverage of 1:30, providing traders with the ability to control larger positions relative to their account balance.
However, you should also realize that while leverage can increase potential gains, it also magnifies both losses and risks, which requires risk management and should be carefully to proceed with.
Spread & Commission
Regarding spreads and commissions, the Standard account features spreads starting from 1.6 pips without commission. The ECN account offers tighter spreads from 0.3 pips but incurs a commission of $3.5 per lot per side. The Pro account provides spreads starting from 0 pips, also with a commission of $3.5 per lot per side.
Trading Platform
Ruizean Markets utilizes MetaTrader 4 (MT4), a renowned trading platform developed by MetaQuotes, favored by both novice and experienced traders.
MT4 is celebrated for its user-friendly interface, speed, and reliability, creating an ideal trading environment. The platform offers advanced charting tools, allowing traders to analyze market trends effectively.
Additionally, MT4 supports Expert Advisors (EAs), enabling automated trading through customizable bots. This combination of functionality and ease of use makes MT4 a preferred choice for many in the trading community.
Customer Service
Clients can contact them via email at info@ruizeanmarkets.eu or by phone at +357 25 262207.
Additionally, they maintain a presence on social media platforms like Twitter and Facebook.
Conclusion
In conclusion, Ruizean Markets offers a variety of online trading services such as Currency pairs, and CFDs on indices, precious metals, and commodities. However, significant concerns arise from the broker's suspicious CYSEC clone status and ongoing issues with website accessibility. These factors collectively undermine confidence in Ruizean Markets's reliability and operational stability.
Therefore, we strongly advise against using Ruizean Markets. Instead, we recommend seeking alternative platforms that prioritize transparency, regulatory compliance, and reliable customer service.
Q&A
- Is Ruizean Markets regulated？
No. The broker's CYSEC (Cyprus Securities and Exchange Commission) license numbering at 340/17 is suspected to be fake clone.
- Is Ruizean Markets a good broker for beginners？
No. It is not a good choice for beginners. Not only because of its suspicious CYSEC clone status, but also because of its unavailable website.
- Does Ruizean Markets offer industry leading MT4 & MT5？
Yes, it offers MT4.
- What's the minimum deposit does Ruizean Markets require？
$200.
- Does Ruizean Markets offer demo accounts？
Yes.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
