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Rating Index

Pros

Offers a variety of financial instruments, including forex, CFDs, commodities, and indices.

Established in 1993, indicating a long presence in the market.

Good customer support and execution speed based on ratings.

Cons

Unregulated, which raises concerns about the safety of client funds.

Lacks popular trading platforms like MT4 and MT5, limiting trading options.

Negative user reviews indicate issues with withdrawals and overall trustworthiness.

Roden broker Accounts

Roden FX Account Type

Roden FX offers various account types for traders, primarily focusing on forex trading. The details of account types are as follows:

Minimum Deposit: $0
Minimum Trade Size: 0.01 lots
Trading Platform: MetaTrader 5 (MT5)
Financial Instruments: Includes forex, shares, indices, oil/energies, metals, and soft commodities like coffee and sugar.
Spread Type: Not specified

Roden FX does not provide detailed information regarding different account types or features, which raises some concerns about transparency.

Roden FX Broker Account Opening Process

Opening an account with Roden FX involves the following steps:

Visit the Website: Go to roden-fx.com.
Select Account Type: Choose the type of account you wish to open, noting the minimum deposit and trade size requirements.
Complete Application: Fill out the online application form with your personal information, including your name, address, and contact details.
Fund Your Account: After your application is approved, fund your account. There are no specified minimum deposit requirements.
Start Trading: Once your account is funded, you can start trading on the MT5 platform.

Please note that Roden FX has raised concerns regarding its regulation status, as it is reported to be unregistered and potentially operates without a license, which may pose risks to investors.