Score
RMDTRADER
Mauritius|5-10 years| http://www.rmdtrader.com
Website
Rating Index
Contact
Licenses
Licensed Institution：RMD TRADE ( PTY ) LTD
License No.：50259
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
Mauritius
5-10 years Suspicious Regulatory License Suspicious Scope of Business South Africa Financial Service Corporate Expired Suspicious Overrun High potential riskAccount Information
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Website
rmdtrader.com
Server Location
United States
Website Domain Name
rmdtrader.com
Server IP
23.236.62.147
Company Summary
| RMDTRADER Review Summary | |
| Founded | 2018 |
| Registered Country/Region | Mauritius |
| Regulation | FSCA (Expired) |
| Market Instruments | Forex, Indices, Shares, Commodities, Cryptocurrencies, ETFs, Bonds, Options |
| Demo Account | / |
| Leverage | 1:100 |
| Spread | 0.7 pips (Standard account) |
| Trading Platform | MT5 |
| Min Deposit | $100 |
| Customer Support | Tel: 2304673003 |
| Email: info@rmdtrader.com | |
| Regional Restriction | US |
Founded in 2018, RMDTRADER is an unregulated broker registered in Mauritius, offering trading in Forex, Indices, Shares, Commodities, Cryptocurrencies, ETFs, Bonds, and Options with leverage up to 1:100 and spread from 0.7 pips through the MT5 trading platform. There are three account types offered, and the minimum deposit requirement is $100.
Pros and Cons
| Pros | Cons |
| Various trading products | Expired FSCA license |
| Multiple account types | Does not provide services in the United States |
| MT5 platform | |
| Popular payment options |
Is RMDTRADER Legit?
No. RMDTRADER currently has no valid regulations. It only holds an expired FSCA license. Please be aware of the risk!
| Regulatory Status | Expired |
| Regulated by | Financial Sector Conduct Authority (FSCA) |
| Licensed Institution | RMD TRADE (PTY) LTD |
| Licensed Type | No Sharing |
| Licensed Number | 50259 |
What Can I Trade on Foptrade?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Commodities | ✔ |
| Cryptocurrencies | ✔ |
| ETFs | ✔ |
| Bonds | ❌ |
| Options | ❌ |
Account Type/Fees
| Account Type | Standard | RAW | ISLAMIC |
|---|---|---|---|
| Min Deposit | $100 | $10,000 | $100 |
| Spread | From 0.7 pip | From 0.3 pips | From 0.7 pips |
| Commission | Shares & Indices only | From $5 per round lot | All products |
Leverage
RMD TRADER offers the maximum trading leverage of 1:100, which is kind of conservative. However, inexperienced traders should avoid using high leverage level, for margin trading is risky.
Trading Platform
RMDTRADER offers access to the top-rated MT5 trading platform, available on desktop, Android, and iOS devices.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop, Android, IOS | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
RMDTRADER accepts bank wire, debit, or credit cards, and e-wallets. Withdrawals are made Monday to Friday from 9 am to 5 pm (South African Standard Time), and all other withdrawals are made within 24 hours.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- South Africa Financial Service Corporate Expired
- Suspicious Overrun
- High potential risk
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