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Rakutenforex

Saint Vincent and the Grenadines|5-10 years|
Suspicious Regulatory License|Suspicious Scope of Business|Clone Firm Australia|High potential risk|

http://www.rakutenforex.com/en

Website

Rating Index

Contact

+61 4 49742324
http://www.rakutenforex.com/en

Licenses

Licensed Institution:AT GLOBAL MARKETS (AUSTRALIA) PTY LTD

License No.:418036

VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Warning: Low score, please stay away!
2024-12-23
  • The claimed AustraliaASIC regulation (license number: 418036) is verified as a clone firm. Please pay attention to the risk!

Basic information

Registered region
Saint Vincent and the Grenadines
Operating period
5-10 years
Company Name
RAT Fintech LIMITED
Abbreviation
Rakutenforex
Company employee
--
Contact number
0061449742324
Keywords 5
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
Clone Firm Australia
High potential risk
Website
Company Summary
Review

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Official website

Website

  • rakutenforex.com

    Server Location

    Hong Kong

    Website Domain Name

    rakutenforex.com

    Server IP

    154.220.3.104

Company Summary

General Information & Regulation

Rakutenforex is an online forex broker operated by RAT Fintech LIMITED, a company registered in Saint Vincent and the Grenadines. Rakutenforex is not subject to any regulation at this stage.

Markets Instruments

Tradable financial instruments include currency pairs, precious metals including gold and silver, as well as CFD indices.

Minimum Deposit

Rakutenforex offers only two types of accounts which are based on leverage:Standard and High Leverage Accounts. The minimum opening balance for both accounts is $50. Although this requirement sounds encouraging, traders are not advised to register real trading accounts here given the fact that Rakuten is unregulated.

Leverage

The Standard Account offers a maximum leverage of 1:100, and the maximum leverage available for the high leverage account is as high as 1:400.

Spreads & Commissions

The Standard Account offers lower spreads with the benchmark EURUSD currency pair at 0.5 pips, and in high leverage account, Spreads are slightly higher with the EURUSD currency pair at 0.8 pips.

Trading Platform Available

The only platform provided for trading is the popular MetaTrader (MT4) trading platform developed by Russian software company MetaQuotes. Rakuten provides the MT4 platform as a downloadable windows desktop application and also as mobile apps. MAC OSX users are advised to contact the support team for assistance on how to install MT4 on their systems. Other brokers provide MT4 for MAC.

Deposit& Withdrawal

  • Payment options working with Rakutenforex include:

  • Bank Wire transfers (There are no deposit charges but withdrawals are charged at $25. International bank transfers take 3-5 business days while domestic transfers take 1-2 bank working days.)

  • Skrill (There are no deposit fees but a withdrawal fee of 2% is charged. Skrill deposits are processed instantly while withdrawals take up to 2 business days.)

  • Neteller (This is a global e-wallet payment option that Rakuten accepts. 2% withdrawal charges apply while deposits are free. Withdrawals can take up to 2 days while deposits are processed instantly.)

  • Credit/Debit cards

  • Bitcoin

Customer Support

The Rakutenforex customer support team is available from Monday to Friday. They can be reached on phone, email, Skype, web chat, WhatsApp and social media. The live chat services are available from 9am to 5pm (Sydney time) from Monday to Friday.

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • Clone Firm Australia
  • High potential risk
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