RAVEX GLOBAL Information
RAVEX GLOBAL is an unregulated brokerage company registered in Georgia. This firm boasts its easy-to-navigate platform with 24/7 customer support. RAVEX GLOBAL provides various account types, including prop trading, live trading, and demo accounts. However, there is no detailed information about trading fees. And limited investment options is another drawback.
Pros and Cons
Is RAVEX GLOBAL Legit？
RAVEX GLOBAL currently does not hold any valid regulatory certificates. Although it is incorporated in Georgia, it lacks regulation from any recognized financial authority. Opening an online brokerage account can be an easy way to start investing and there are always risks in investing. But we can choose to stay away from certain risks.
What Can I Trade on RAVEX GLOBAL？
When checking out online brokerage, it's important to look under the hood at how you can invest. When you open a brokerage account with RAVEX GLOBAL, you've got two options for investing: forexand CFDs. Compared to other online brokerages, RAVEX GLOBAL doesn't offer as many ways to invest.
You may see that as a disadvantage if you're interested in trading in cryptocurrency, stocks, or ETFs. However, if your strategy revolves mostly around forex and CFDs, it may not matter that much.
Account Types
RAVEX GLOBAL offers a few different types of accounts, including prop trading account, live trading account and trial account.
You can open a prop trading account at RAVEX GLOBAL. This account costs $199 to open. If you're interested in this account, please note the following restrictions and challenges:
- Trader Wanted Challenge $10.000
- You must trade at least 5 days per month (no need to be consecutive)
- You should not lose more than $1000 dollars in this account (if you lose, you can reset the account)
- To withdraw at least 20%, you must grow the account
- Doubling of the account starts from the third month if at least 20% profit reaches up to 250 thousand dollars.
- You can withdraw 20% in the first month, 30% in the second month, and 50% in the third month.
That may be a hurdle if you're a newer investor. In that case, you may want to consider a living trading account. Like some other brokerages, RAVEX GLOBAL tiers their trading accounts. If you invest at least $1000, you'll get ultra-low variable spreads and personalized support. Overall, the fee goes down as your invest goes higher. However, detailed information about spreads, leverage and commission fees are not available on the website.
Trading Platform
MT5 (MetaTrader 5) is available with RAVEX GLOBAL. You can apply it on multiple devices, including Windows, MAC, Android, and IOS. It is a diversified financial trading platform that allows trading foreign exchange, stocks, and futures. It provides automated trading systems and excellent tools for various price analyses, the use of algorithmic trading applications, and copy trading.
Deposit and Withdrawal
At Ravex Broker, you can charge your account using methods such as Tether (USDT), MasterCard, Google Pay, Apple Pay, and also through Rial deposits. You can use TRC-20 and BEP-20 networks for Tether transfers. All accounts have a minimum deposit requirement. In some cases, such as with Props accounts, you may need to send a smaller amount to reset. The minimum deposit for Standard accounts is $100.
Except on Saturdays and Sundays, withdrawals are processed instantly. You can withdraw your funds in Tether (USDT) from Ravex Broker. For withdrawals from Props accounts, in the first month you can withdraw 20% of your profit, in the second month 30% of your profit, and in the third month 50% of your profit.
Deposit Options
Withdrawal Options
Customer Support Options
For any question you might have, help is available 24/7 by online chat, phone (+971 58 547 1020) or email (info@RAVEXGLOBAL.com). You can also dig into their social media channels (Youtube, Instagram, etc) or hit a button on an online message box.
The Bottom Line
RAVEX GLOBAL could be an option with its user-friendly platform and minimal deposit requirement. On the other hand, you might want to look elsewhere if you need a broader range of investment choices or you want managed porfolios. And the unregulated status and lack of transparency about trading fees are the obvious drawbacks. Before choosing a brokerage, remember to consider investment choices, cost and potential risks.
FAQs
Is RAVEX GLOBAL safe？
RAVEX GLOBAL is not regulated by any reputable financial authority. Before choosing a brokerage, remember to consider the risk involved.
Is RAVEX GLOBAL good for beginners？
RAVEX GLOBAL provides a great platform for beginners, because of its simple interface and 24/7 customer service.
What live trading account does RAVEX GLOBAL have？
RAVEX GLOBAL offers four live trading account : Standard, Silver, Gold, Platinum, and Expert.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.
