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Rating Index

Pros

Regulated by the Malta Financial Services Authority (MFSA), providing a level of trust and oversight.

24/7 customer support available in multiple languages, enhancing accessibility for traders.

Offers a demo account for new traders to practice and familiarize themselves with the platform.

Cons

High minimum deposit requirement of $2,500, which may be prohibitive for beginner traders.

Spreads starting from 3 to 4 pips, which are less competitive compared to other brokers in the industry.

Limited educational resources and research tools, making it less suitable for novice traders seeking guidance.

RTFX broker Accounts

RTFX Account Type

RTFX offers two main types of live trading accounts: the Micro Account and the Standard Account.

Micro Account:

Minimum Deposit: $2,500 (substantially higher than typical micro accounts which often require only $25).
Lot Size: Trades are conducted in $1,000 lots.
Pip Movement: Each pip movement is worth $0.10.
Recommended for: Inexperienced traders or those testing new strategies.

Standard Account:

Minimum Deposit: $2,500 (relatively standard for a standard account).
Lot Size: Access to standard lots of $100,000.
Leverage: Up to 1:50.
Typical Spread: Starts between 3 and 4 pips for major forex pairs.
Recommended for: Experienced, well-funded traders.

Both accounts do not offer the most competitive trading conditions in the industry due to high minimum deposits and wider spreads compared to other brokers.

RTFX Broker Account Opening Process

To open an account with RTFX, follow these steps:

Visit the RTFX Website: Due to the current inaccessibility of the RTFX website, prospective traders may need to contact customer support for detailed instructions or updates.
Complete the Application: Fill out an online application form that requires basic personal information, contact details, and residential information.
KYC Process: Submit documents for the Know Your Customer (KYC) process, which includes proof of identity and proof of residence.
Verification: Wait for the submitted documents to be verified.
Fund Your Account: Once approved, deposit the minimum required amount of $2,500 to start trading.
Start Trading: After funding your account, you can begin trading using RTFXs proprietary platforms - RTFX Trader, RTFX Web Trader, and RTFX Mobile Trader.

Note: The lack of information regarding specific deposit and withdrawal methods means that traders may need to inquire directly with customer support for available options.