RubyMarkets Company Overview

Founding Date and Background

RubyMarkets is an online forex broker that claims to have been established in 2000. However, a review of its domain registration indicates that the website was created in 2019, raising questions about its actual founding date and operational history. The company presents itself as a platform for trading various financial instruments, including forex, stocks, commodities, and cryptocurrencies.

Parent Company/Ownership Structure

RubyMarkets operates as a limited company, registered in the United Kingdom under the name Ruby Markets Limited. The ownership structure is not explicitly detailed in the available information, which is common for many online brokers, especially those that lack regulatory oversight.

Headquarters Location

The headquarters of RubyMarkets is located at Kemp House, 152-160 City Road, London, EC1V 2NX, United Kingdom. This location is often used by various online businesses and may not necessarily reflect a significant operational presence.

Global Business Scope

RubyMarkets claims to provide trading services to clients worldwide, offering a range of financial instruments. However, due to its lack of regulation and the questionable legitimacy of its claims, its actual global business operations may be limited.

Main Regulatory Bodies

RubyMarkets is not regulated by any recognized financial authority. It claims to have registration with the Companies House in the UK and references the U.S. National Futures Association (NFA) for regulation, but it is not listed as an approved member of either. This lack of regulatory oversight is a significant concern for potential clients.

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Company History and Development

Key Milestones

• 2000: RubyMarkets claims to have been established.
• 2019: The domain for RubyMarkets was registered, indicating the actual start of its online operations.
• Present: The company continues to operate as an unregulated forex broker, despite claims of being a well-established entity.

Business Expansion Journey

The company claims to have rapidly grown its operations to become a renowned broker; however, the lack of verifiable history and regulatory recognition casts doubt on these assertions.

Customer Base Growth

Specific data regarding the growth of RubyMarkets' customer base is not available. However, the absence of regulatory approval may hinder its ability to attract a substantial number of clients.

Platform Development History

RubyMarkets offers trading through the popular MetaTrader 4 (MT4) platform, which is known for its user-friendly interface and robust trading features. The platform is available for desktop, mobile, and web terminals, providing traders with various options for accessing the markets.

Important Awards or Recognitions Received

There is no publicly available information indicating that RubyMarkets has received any awards or recognitions in the financial services industry, further contributing to its perception as an untrustworthy broker.

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Trading Services Offered

Forex Trading Options

RubyMarkets claims to offer a variety of forex trading options, including numerous currency pairs. However, specific details about the number of pairs available are not disclosed, which may be a red flag for potential clients.

Stock Trading Options

The broker also states that it provides access to stock trading, but again, details regarding which stocks are available for trading are not provided.

CFD Trading Products

RubyMarkets offers Contracts for Difference (CFDs) as part of its trading services. However, the specifics regarding the types of CFDs available are not clearly outlined.

Other Financial Instruments

In addition to forex and stocks, RubyMarkets claims to offer trading in commodities, precious metals, and cryptocurrencies. The lack of detailed information about these instruments may deter potential traders.

Special Services or Unique Advantages

RubyMarkets promotes itself as offering competitive spreads and high leverage options, allowing traders to utilize leverage up to 1:300. However, such high leverage also poses significant risks, which the broker does not adequately address in its promotional material.

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Regulatory and Legal Background

Detailed Regulatory Information

RubyMarkets is not regulated by any major financial authority. It claims registration with the Companies House in the UK, but this does not equate to regulatory oversight. It also references the NFA, but it is not listed as a member.

Legal Entity Structure by Region

As a UK-registered company, RubyMarkets operates under UK law. However, the absence of regulatory approval from the Financial Conduct Authority (FCA) raises concerns about its legal standing.

Client Fund Protection Measures

Due to its unregulated status, there are no client fund protection measures in place. This lack of protection means that investors' funds are at significant risk.

Countries/Regions Served

RubyMarkets claims to serve clients globally, but its lack of regulation may limit its ability to operate effectively in many jurisdictions, particularly those with strict financial regulations.

Compliance History

Given the unregulated nature of RubyMarkets, there is no compliance history available that would assure potential clients of its adherence to financial standards.

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Competitive Landscape

3-5 Main Competitors

• IC Markets: Known for its low spreads and high liquidity.
• Forex.com: A well-regulated broker with a strong reputation.
• OANDA: Offers a wide range of trading instruments and robust educational resources.

Positioning in the Industry

RubyMarkets positions itself as a competitive broker with claims of low spreads and high leverage. However, its unregulated status and lack of transparency place it at a disadvantage compared to its competitors.

Market Differentiation Factors

The primary differentiation factors for RubyMarkets include its claims of high leverage and various trading instruments. However, the lack of regulatory oversight and verifiable history significantly undermine its competitive position.

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In conclusion, RubyMarkets presents itself as a forex broker with a range of trading options and claims of a long-standing presence in the market. However, the lack of regulation, questionable founding history, and absence of verifiable client protections raise significant concerns for potential traders. It is advisable for investors to exercise caution and conduct thorough research before engaging with RubyMarkets or any unregulated broker.

For further details and to learn more about RubyMarkets, you can visit their official website here.