RedFinance

Note: RedFinance's official website:https://redfinance.capital/ is currently inaccessible normally.

Red Finance Information

RedFinance, established in the United Kingdom in 2011, provides various market instruments, including derivatives such as interest rate swaps, currency swaps, credit default swaps, and equity swaps. It also offers equities, fixed income options, cash investments, commodities, and foreign exchange services. However, the company operates without regulation.

Pros and Cons

Is RedFinance Legit?

RedFinance operates without regulatory oversight. Its domain was registered on January 28, 2011, and is set to expire on January 28, 2025.

What Can I Trade on RedFinance?

RedFinance offers a total of six product categories: derivatives (including swaps and options), equities (common and preferred shares, ETFs), fixed income (government and corporate bonds), cash investments (money market instruments), commodities (energy, metals, and agricultural products), and foreign exchange (spot and forward FX).

Account Types

RedFinance offers four types of live trading accounts, but does not provide demo or Islamic accounts.

VIP: This account type is suitable for high-capital investors, providing a maximum leverage of 1:100 with a minimum deposit requirement of $50,000.

Classic: Aimed at intermediate traders, the Classic account offers a maximum leverage of 1:80 and requires a minimum deposit of $25,000.

Standard: This account is designed for regular traders, featuring a maximum leverage of 1:50 and a minimum deposit requirement of $5,000.

Mini: The Mini account caters to beginner traders, offering a maximum leverage of 1:30 with a minimum deposit of $250.

Leverage

RedFinance offers varying leverage levels: 1:100 for VIP accounts, 1:80 for Classic accounts, 1:50 for Standard accounts, and 1:30 for Mini accounts.

RedFinance Spreads

RedFinance spreads are typically 1-5 pips for major currency pairs and 10-20 pips for minor currency pairs. Commissions are flat fees of $0.09 per side for US equities and $0.01 per share for US ETFs.

Deposit and Withdrawal

RedFinance has a minimum deposit of $250, with deposits processed instantly via bank transfer. Withdrawals can be made through bank transfer or cryptocurrency, with a minimum withdrawal amount of $50. There are no fees for deposits or withdrawals.

Trading Platforms

RedFinance offers a trading platform compatible with Windows, web browsers, Android, macOS, and iOS, suitable for casual traders and professionals seeking flexibility.