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Pros

Low minimum deposit requirements, making it accessible for new traders.
24/7 customer support available through multiple channels.
Potential for high payouts of up to 95% on successful transactions.

Cons

Lack of regulation by major financial authorities, raising concerns about security.
Website primarily available in Russian, limiting accessibility for non-Russian speakers.
Relatively new broker with limited reputation and user feedback in the market.

RingoTrade broker Accounts

Ringotrade Account Types

Ringotrade offers three types of accounts for traders: Demo Account, Real Account, and VIP Account.

  • Demo Account:
    • Provides $1,000 in virtual funds.
    • Features educational video tutorials.
    • Limited trading terminal functionality.
    • No deposit required.
    • Real Account:
      • Minimum deposit: $25 (includes a 20% bonus).
      • Allows trading across 12 assets.
      • Full access to trading terminal functionalities.
      • Clients can receive up to 20% refund on incorrect predictions.
      • Weekly webinars on various topics are conducted.
      • VIP Account:
        • Minimum deposit: $100 (includes a 50% bonus).
        • Guarantees signal provision for balances over $100.
        • Full access to trading terminal functionalities.
        • Same benefits as the Real Account, with additional bonuses.

        Ringotrade Broker Account Opening Process

        Opening an account with Ringotrade is straightforward and can be completed in a few simple steps:

        • Registration:
          • Visit the Ringotrade website and choose the account type you wish to open.
          • Fill out the registration form with your personal information.
          • Account Verification:
            • Complete the KYC (Know Your Customer) verification process, which may require identification documents.
            • Deposit Funds:
              • For a Real Account, a minimum deposit of $25 is required.
              • Deposits can be made using various payment methods, including Payeer and Bitcoin.
              • Start Trading:
                • Once your account is funded, you can start trading on the platform.
                • Access to Demo Account:
                  • If you choose to start with a Demo Account, you can practice trading without any financial risk.

                  For more details, you can visit RingoTrade.

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