Score
Ring Financial
China|2-5 years| https://ring-forex.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
China
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
ring-forex.com
Server Location
Hong Kong
Website Domain Name
ring-forex.com
Server IP
8.210.12.194
Company Summary
| Aspect | Information |
| Company Name | Ring Financial |
| Registered Country/Area | United Kingdom |
| Founded year | 2012 |
| Regulation | Unregulated |
| Minimum Deposit | £100 |
| Maximum Leverage | 1:30 |
| Spreads | Variable |
| Trading Platforms | MetaTrader 4 |
| Tradable assets | Forex, CFDs on stocks, indices, commodities |
| Account Types | Standard, ECN |
| Demo Account | Yes |
| Customer Support | 24/5 live chat, email, phone |
| Deposit & Withdrawal | Credit/debit cards, bank wire transfer, e-wallets |
| Educational Resources | Webinars, e-books, video tutorials |
Overview of Ring Financial
Ring Financial is a UK-based online trading broker that was founded in 2012. It is an unregulated broker, which means that it is not subject to any government oversight or regulation. This can be a risk for traders, as it means that there is no one to protect their interests if something goes wrong.
It offers a variety of trading products, including forex, CFDs on stocks, indices, and commodities. The broker also offers two types of trading accounts: Standard and ECN. Standard accounts have higher spreads but lower commissions, while ECN accounts have lower spreads but higher commissions. It's minimum deposit is £100, and its maximum leverage is 1:30. The broker's trading platform is MetaTrader 4, which is a popular platform that is used by traders all over the world.
In conclution, Ring Financial is a relatively new and unregulated online trading broker. The broker offers a variety of trading products and a popular trading platform. However, traders should be aware of the risks associated with trading with an unregulated broker.
Pros and Cons
| Pros | Cons |
| Lower fees and spreads | Higher risk of fraud |
| More flexible trading conditions | No government oversight or protection |
| Wider range of trading products | Less likely to resolve disputes fairly |
| Easier to open an account | More difficult to withdraw funds |
Pros:
Lower fees and spreads: Unregulated brokers often offer lower fees and spreads than regulated brokers. This is because they do not have to comply with the same regulatory requirements, which can be costly.
More flexible trading conditions: Unregulated brokers may also offer more flexible trading conditions, such as higher leverage and wider trading hours. This can appeal to traders who are looking for more aggressive trading opportunities.
Wider range of trading products: Unregulated brokers may offer a wider range of trading products than regulated brokers. This is because they are not subject to the same regulatory restrictions.
Easier to open an account: It is often easier to open an account with an unregulated broker than with a regulated broker. This is because unregulated brokers do not have to comply with the same KYC/AML requirements.
Cons：
Higher risk of fraud: Unregulated brokers are more likely to engage in fraudulent or unethical activities than regulated brokers. This is because there is no one to oversee their activities.
No government oversight or protection: Unregulated brokers are not subject to any government oversight or regulation. This means that there is no one to protect traders' interests if something goes wrong.
Less likely to resolve disputes fairly: If a trader has a dispute with an unregulated broker, they are less likely to have it resolved fairly. This is because unregulated brokers are not subject to the same regulatory requirements as regulated brokers.
More difficult to withdraw funds: It may be more difficult to withdraw funds from an unregulated broker than from a regulated broker. This is because unregulated brokers may not have the same financial resources or safeguards in place.
Regulatory Status
Ring Financial is an unregulated broker, which means that it is not subject to any government oversight or regulation. This means that the broker is not required to meet any specific financial requirements or to follow any set of rules or guidelines.
The lack of regulation is a significant risk for traders. If something goes wrong with the broker, there is no one for traders to turn to for help. For example, if the broker goes bankrupt, traders may lose all of their money. Additionally, unregulated brokers are more likely to engage in fraudulent or unethical activities.
Overall, I would strongly recommend that traders avoid trading with unregulated brokers. There are many other regulated online trading brokers that offer similar trading products and platforms, so I would recommend that traders choose one of those brokers instead.
Market Instruments
Ring Financial offers a wide range of market instruments for traders to choose from, including:
Forex: Ring Financial offers a wide range of forex currency pairs to trade, including majors, minors, and exotics.
CFDs on stocks: Ring Financial offers CFDs on a wide range of stocks from major stock exchanges around the world, including the US, UK, Europe, and Asia.
CFDs on indices: Ring Financial offers CFDs on a wide range of stock market indices, including the S&P 500, Dow Jones Industrial Average, Nasdaq 100, FTSE 100, DAX, and CAC 40.
CFDs on commodities: Ring Financial offers CFDs on a wide range of commodities, including gold, silver, oil, gas, and agricultural products.
This wide range of market instruments gives traders the flexibility to trade a variety of different assets, depending on their trading style and risk tolerance.
Account Types
Ring Financial offers two types of trading accounts:
Standard account: This account type is designed for beginners and intermediate traders. It has higher spreads but lower commissions.
ECN account: This account type is designed for experienced traders. It has lower spreads but higher commissions.
Traders can choose the account type that best suits their trading style and needs. For example, beginners and intermediate traders may prefer the Standard account due to its lower commissions. Experienced traders may prefer the ECN account due to its lower spreads.
Here is a table comparing the two account types:
| Feature | Standard account | ECN account |
| Spreads | Higher | Lower |
| Commissions | Lower | Higher |
| Minimum deposit | £100 | £100 |
| Maximum leverage | 1:30 | 1:30 |
How to Open an Account？
To open an account with Ring Financial, follow these steps:
Go to the Ring Financial website and click on the “Open Account” button.
Fill out the account opening form. This includes providing your personal information, such as your name, address, and contact information. You will also need to create a username and password.
Choose an account type. Ring Financial offers two types of trading accounts: Standard and ECN. Choose the account type that best suits your trading style and needs.
Make a deposit. The minimum deposit is £100. You can deposit funds using a variety of methods, including credit/debit cards, bank wire transfer, and e-wallets.
Verify your account. Ring Financial requires all traders to verify their identity and address before they can start trading. You can do this by uploading copies of your government-issued ID and proof of address.
Once your account has been verified, you can start trading immediately.
Leverage
The maximum leverage offered by Ring Financial is 1:30. This means that traders can control a position that is 30 times larger than their account balance. For example, if a trader has an account balance of £1,000, they can control a position worth up to £30,000.
High leverage can amplify profits, but it can also amplify losses. Therefore, it is important to use leverage responsibly and to understand the risks involved.
Traders should only use leverage that is appropriate for their trading experience and risk tolerance. It is also important to have a risk management plan in place to limit losses.
Spreads & Commissions
Ring Financial offers variable spreads on all of its trading instruments. This means that the spread will vary depending on the market conditions and the asset being traded.
For example, the spread on the EUR/USD currency pair may be 1 pip during normal market conditions, but it may widen to 3 pips during periods of high volatility.
Ring Financial also charges commissions on all trades. The commission rate depends on the account type and the asset being traded.
For example, the commission rate for Standard accounts is 0.05% per trade, while the commission rate for ECN accounts is 0.03% per trade.
Here is a table comparing the spreads and commissions for the two account types:
| Feature | Standard account | ECN account |
| Spreads | Variable | Variable |
| Commissions | 0.05% per trade | 0.03% per trade |
It is important to note that spreads and commissions can be a significant cost of trading. Traders should carefully consider the spreads and commissions charged by a broker before opening an account.
Trading Platform
Ring Financial offers the MetaTrader 4 (MT4) trading platform. MT4 is a popular trading platform that is used by traders all over the world. It is known for its user-friendly interface and its wide range of features.
Some of the features of MT4 include:
A variety of technical analysis tools
A wide range of order types
The ability to backtest and optimize trading strategies
The ability to automate trading with Expert Advisors
MT4 is available for download on both desktop and mobile devices. This makes it easy for traders to trade from anywhere in the world.
Overall, the MT4 trading platform is a good choice for traders of all experience levels. It is easy to use and has a wide range of features.
Deposit & Withdrawal
Ring Financial offers a variety of payment methods for traders to deposit and withdraw funds. These include:
Credit/debit cards
Bank wire transfer
E-wallets (such as PayPal and Skrill)
Ring Financial does not charge any fees for deposits or withdrawals. However, traders should be aware that their bank or e-wallet provider may charge their own fees.
Here is a table summarizing the payment methods and fees offered by Ring Financial:
| Payment method | Deposit fee | Withdrawal fee |
| Credit/debit cards | Free | Free |
| Bank wire transfer | Free | Free |
| E-wallets | Free | Free |
It is important to note that the processing times for deposits and withdrawals may vary depending on the payment method used. For example, bank wire transfers can take several days to process.
Customer Support
Ring Financial offers customer support via 24/5 live chat, email, and phone.
Live chat
Ring Financial's live chat support is available 24/5. To start a live chat session, simply click on the “Live Chat” button on the Ring Financial website. A customer support representative will typically respond within a few minutes.
Ring Financial's email support is available 24/5. To send an email to Ring Financial customer support, simply go to the “Contact Us” page on the Ring Financial website and fill out the contact form. A customer support representative will typically respond within 24 hours.
Phone
Ring Financial's phone support is available 24/5. To call Ring Financial customer support, simply call the number listed on the “Contact Us” page on the Ring Financial website. A customer support representative will typically answer your call immediately.
Overall, Ring Financial offers good customer support. Live chat support is particularly convenient, as it is available 24/5 and allows you to get a response from a customer support representative very quickly.
Educational Resources
Ring Financial offers a variety of educational resources to help traders learn about the financial markets and how to trade. These resources include:
Webinars: Ring Financial hosts regular webinars on a variety of trading topics. These webinars are free to attend and are a great way to learn from experienced traders.
E-books: Ring Financial offers a variety of free e-books on trading topics such as forex trading, CFD trading, and technical analysis.
Video tutorials: Ring Financial offers a variety of free video tutorials on trading topics such as how to use the MT4 trading platform and how to execute different types of trades.
In addition to these educational resources, Ring Financial also offers a demo account. A demo account is a virtual trading account that allows traders to practice trading without risking any real money. This is a great way for traders to learn how to use the MT4 trading platform and to test out different trading strategies.
Overall, Ring Financial offers a variety of educational resources to help traders learn about the financial markets and how to trade. These resources are free to use and are a great way for traders of all experience levels to improve their trading skills.
Conclusion
Ring Financial is a UK-based online trading broker that provides two account types, Standard and ECN, offering access to forex, CFDs on stocks, indices, and commodities. They use MetaTrader 4 as their trading platform and offer educational resources. However, it's crucial to note that Ring Financial is unregulated, lacking government oversight or protection for traders' interests. This poses significant risks, and traders should exercise caution when considering this broker.
FAQs
Q: What is Ring Financial？
A: Ring Financial is a UK-based online trading broker that offers a wide range of trading products and services, including forex, CFDs on stocks, indices, and commodities.
Q: Is Ring Financial a regulated broker？
A: No, Ring Financial is an unregulated broker. This means that the broker is not subject to any government oversight or regulation.
Q: What trading platforms does Ring Financial offer？
A: Ring Financial offers the MetaTrader 4 (MT4) trading platform. MT4 is a popular trading platform that is used by traders all over the world.
Q: What educational resources does Ring Financial offer？
A: Ring Financial offers a variety of educational resources to help traders learn about the financial markets and how to trade. These resources include webinars, e-books, and video tutorials.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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suki991
Indonesia
In the beginning, in 2021, I met an old friend with a Hong Kong girl and started dating with her. Her name is Kelly, asked her to enter the Ring, every transaction didn't matter. The money that came in was IDR 900,000,000 with a balance of IDR 3,150,000,000. At the end of the month I want to withdraw it, the account is blocked, the reason is asking for 20% tax. How can I get the money back to me?
Exposure
03-07
RFLS
Indonesia
They change their name to TRP. Never do transactions with them, they always cheat by changing names
Exposure
2022-02-15
FX2184281673
India
This company is using scam artists from Hong Kong eg. Kelly who makes you invest more capital in your account. It allows small withdrawal initially like 100$ and when you need to withdraw more, they provide illogical reasons and reject your withdrawal by freezing your account. They ask you for more and more money to invest to make withdrawal possible which does not make sense. Please beware of such people and stay away from them. Don't fall for this trap.
Exposure
2022-01-22
RFLS
Indonesia
No response and news from August 2021
Exposure
2022-01-05
FX2123769171
Brazil
I was lucky that I had invested more. I really thought I was earning a lot, but I was losing what I had invested. I am youtuber from Brazil and I am influential on Instagram with more than 3 million followers. That showed why these types of people who do these things were willing to have a cheap life in big cutting-edge cities. People like that don't grow in life because their knowledge about life will be poorer and poorer. Today, I may have lost a little, but these people will lose a lot from now on. It is a tip
Exposure
2021-11-27
budi hermawan
Indonesia
don't use and beware of this broker they used beauty women to increased your account after this your account is disabled and the company stolen money in your wallet she is a Thief beware guys
Exposure
2021-11-19
budi hermawan
Indonesia
rings financial is scam application. beware of beautiful thief
Exposure
2021-11-18
kuli receh
Indonesia
Even the victims of their deception, they still carry out extortion. They even doubt the credibility of Biance as the main funding channel of circular foreign exchange of their own choice. Then they will lead you to Amin, a fictional person like their agent, and then they will stop you.
Exposure
2021-11-12
kuli receh
Indonesia
There is always a spread between 21.00 - 23.00 hours in the chart.
Exposure
2021-11-11
kuli receh
Indonesia
Beware of this broker. Unable to withdraw.
Exposure
2021-11-11
RFLS
Indonesia
They still ask for 30% of my total balance since they hold my balance from august 27th
Exposure
2021-11-10
Arya
Indonesia
I can't withdraw my funds...my account and MT5 are blocked..please return my money
Exposure
2021-11-07
hzk
Indonesia
They led users to transaction on Ring Financial Limited but rejected withdrawal. Stay away from it.
Exposure
2021-11-03
FX1975281782
Indonesia
1. They find their prey by using female agents on dating apps (e.g: Tinder).2. The scam friends will play victims and try to make money as fast as possible then invites you using RING Financial limited.3. After several trades, she will ask you to increase the capital to get more money.4. She did this very smoothly and very patiently, even begging for mercy when she miscalculated the market and made us lose our assets.5. After several days, I tried to withdraw my money and contact the customer service.6. Customer service said if I need to pay 20% of my total balance because my profit has been reached 200%.7. 24 hours after they gave me that information, my account was frozen and I needed to pay an additional $500 to unfreeze the account.8. After paying 20% taxes my contact has been blocked from Ring Customer Service, and My account on MT5 is blocked and I can’t access it anymore. 9. In the end the customer service told me she is the same person with my scam friend and all my assets are gone.
Exposure
2021-11-02
RFLS
Indonesia
My money was locked and they might take it away. There was only the number left in the system. I could only wait until it disappear.
Exposure
2021-10-28
RFLS
Indonesia
Please return my money. They stole my investment.
Exposure
2021-10-28
RFLS
Indonesia
They kept my balance for 2 months. Would it disappeared? Stay away from this broker.
Exposure
2021-10-28
RFLS
Indonesia
They blocked customer service because of spams and rejected my withdrawal. It was the same broker like Ring FinancialLimited. Do not trust it.
Exposure
2021-10-25
RFLS
Indonesia
They locked your investment on purpose without maintenance system. There was no system to store the investment. Do not rely on the online service which is a scam.
Exposure
2021-10-25
RFLS
Indonesia
They have no customer service and closed all the social media. They cheated users and did not reply me from August 30, 2021. Because they asked for taxes and told me to wait for the review before withdrawal, my finally money lost.
Exposure
2021-10-22