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Pros

Variety of trading instruments including forex, stocks, indices, commodities, and cryptocurrencies.
Different account types available catering to various trading levels.
Access to the widely-used MetaTrader 4 (MT4) trading platform, known for its customization and analytical tools.

Cons

Designated as a suspicious clone by regulatory authorities, raising concerns about its legitimacy.
Inaccessible website limits transparency and access to essential information for potential clients.
Customer support is limited to email, which may lead to delays in assistance and communication challenges.

RYKAN broker Accounts

RYKAN Account Type

RYKAN offers three different types of trading accounts to cater to various traders' needs:

  • Standard Account
    • Leverage: Up to 1:500
    • Minimum Deposit: $250
    • Spreads: Variable spreads
    • Features: Access to a wide range of trading instruments including forex, stocks, indices, commodities, and cryptocurrencies.
    • Mini Account
      • Leverage: Up to 1:200
      • Minimum Deposit: $250
      • Spreads: Fixed spreads
      • Features: Designed for beginners, providing a smaller account type to get started in trading.
      • Cent Account
        • Leverage: Up to 1:100
        • Minimum Deposit: $250
        • Spreads: Fixed spreads
        • Features: A micro account type for traders who wish to trade with smaller amounts of money.

        RYKAN Broker Account Opening Process

        To open an account with RYKAN, follow these steps:

        • Choose Your Account Type: Decide which account type (Standard, Mini, or Cent) best suits your trading needs and risk tolerance.

        • Complete the Application: Fill out the online application form with required personal information, including:

          • Full name
          • Address
          • Email
          • Phone number
          • Date of birth
          • Social security number or tax identification number
          • Submit Identification Documents: You may be required to provide identification documents for verification purposes.

          • Fund Your Account: After your account is approved, make a minimum deposit of $250 through available funding methods such as bank transfer or credit/debit card.

          • Start Trading: Once your account is funded, you can start trading using the RYKAN trading platform (MetaTrader 4).

          • For further assistance, you can reach out to RYKAN's customer support via email.

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