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Pros

Low minimum deposit requirement, allowing new traders to start with less capital.
User-friendly trading platform (MetaTrader 5) that is popular among traders.
Availability of educational resources on the website to help beginners understand investment concepts.

Cons

Lack of regulation, raising concerns about the safety and security of client funds.
Negative reputation with numerous complaints about fraudulent activities and poor customer service.
Limited account types offered, which may not cater to the diverse needs of different traders.

Ring broker Accounts

Ring Financial Account Types

Ring Financial offers two types of trading accounts for its users:

  • Standard Account
    • Minimum Deposit: £100
    • Maximum Leverage: 1:30
    • Spreads: Higher spreads
    • Commissions: Lower commissions (0.05% per trade)
    • Best for: Beginners and intermediate traders who prefer lower commissions.
    • ECN Account
      • Minimum Deposit: £100
      • Maximum Leverage: 1:30
      • Spreads: Lower spreads
      • Commissions: Higher commissions (0.03% per trade)
      • Best for: Experienced traders who are looking for tighter spreads and are comfortable with higher commissions.

      Ring Financial Broker Account Opening Process

      To open an account with Ring Financial, follow these steps:

      • Visit the Website:
        • Go to the Ring Financial website and click on the “Open Account” button.
        • Fill Out the Account Opening Form:
          • Provide your personal information, including your name, address, and contact information.
          • Create a username and password.
          • Choose an Account Type:
            • Select between the Standard or ECN account based on your trading style and needs.
            • Make a Deposit:
              • The minimum deposit required is £100. You can deposit using various methods, including credit/debit cards, bank wire transfer, and e-wallets.
              • Verify Your Account:
                • Upload copies of your government-issued ID and proof of address to verify your identity and address.
                • Start Trading:
                  • Once your account is verified, you can begin trading immediately.

Ring accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
Ring Account