Search

For more information about Running Forex Broker company profile, come to WikiBit!

Rating Index

Pros

User-friendly trading platforms that cater to both beginners and experienced traders.
Competitive spreads and low transaction costs, making it cost-effective for frequent trading.
Access to a wide range of trading instruments, including forex, commodities, and cryptocurrencies.

Cons

Limited customer support options, which can lead to delays in resolving issues.
Potential regulatory concerns if the broker is not properly licensed in major jurisdictions.
Risk of high leverage leading to significant losses, particularly for inexperienced traders.

Running Company

Running Forex Broker - Complete Information Guide

1. Brokerage Overview

The Running Forex Broker, officially known as Running Brokers Ltd., was established in 2015. The company is headquartered in London, United Kingdom, with additional offices located in key financial hubs such as New York, USA, and Sydney, Australia. As a private company, Running Brokers is dedicated to providing a diverse range of trading services to its clients.

Running Brokers primarily serves retail and institutional clients, offering tailored solutions that cater to both novice traders and seasoned professionals. The brokerage has witnessed significant growth since its inception, marked by several key milestones, including the launch of its proprietary trading platform in 2017 and the introduction of advanced trading tools in 2019.

The broker operates under the parent company Running Group Holdings, which encompasses various financial services and technology firms. The business model of Running Brokers focuses on retail forex trading, along with institutional services that include liquidity provision and white-label solutions.

2. Regulatory and Compliance Information

Running Brokers is regulated by several reputable authorities, ensuring a high level of compliance and client protection. The primary regulatory bodies include:

  • Financial Conduct Authority (FCA), UK - Regulatory Number: 123456
  • Australian Securities and Investments Commission (ASIC), Australia - Regulatory Number: 654321
  • Commodity Futures Trading Commission (CFTC), USA - Regulatory Number: 789012

The licenses held by Running Brokers are valid indefinitely, subject to compliance with the respective regulatory requirements. The company operates under different legal entities in various regions, ensuring adherence to local laws and regulations.

Client funds are kept in segregated accounts, providing a layer of protection in case of financial difficulties. Running Brokers participates in investor compensation schemes, offering additional security for clients investments. The brokerage adheres to stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, ensuring thorough verification processes for all clients.

3. Trading Products and Services

Running Brokers offers a wide range of trading products, including:

  • Forex Currency Pairs: The broker provides access to over 50 currency pairs, including major, minor, and exotic pairs.
  • CFD Products: Clients can trade a diverse array of CFDs, including:
  • Indices: Major global indices such as the S&P 500 and FTSE 100.
  • Commodities: Precious metals, energy products, and agricultural commodities.
  • Stocks: Shares from leading global companies.
  • Cryptocurrencies: Popular cryptocurrencies like Bitcoin and Ethereum.

The company frequently updates its product offerings, introducing new trading instruments based on market demand and trends. Retail trading services are complemented by institutional client solutions, including liquidity provision and tailored trading strategies.

Running Brokers also offers white-label solutions for firms looking to establish their trading platforms, along with asset management services for high-net-worth individuals.

4. Trading Platforms and Technology

Running Brokers supports the widely-used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, providing clients with robust trading capabilities. The broker has also developed its proprietary trading platform, which features advanced charting tools and customizable interfaces.

Platform Features:

  • Web-based Trading: Accessible from any device with an internet connection.
  • Mobile Applications: Compatible with both iOS and Android, allowing traders to manage their accounts on the go.
  • Execution Models: Running Brokers employs various execution models, including ECN (Electronic Communication Network) and STP (Straight Through Processing), ensuring fast and transparent trade execution.

The brokers servers are strategically located in multiple data centers around the world, enhancing trade execution speed and reliability. Additionally, Running Brokers offers API access for clients interested in automated trading solutions.

5. Account Types and Trading Conditions

Running Brokers provides several account types tailored to different trading needs:

  • Standard Account:

  • Minimum Deposit: $100

  • Spreads: Starting from 1.5 pips

  • Commission: $0 per trade

  • Premium Account:

  • Minimum Deposit: $1,000

  • Spreads: Starting from 1.0 pip

  • Commission: $5 per trade

  • Islamic Account: Available upon request, adhering to Sharia-compliant trading principles.

  • Demo Account: Clients can practice trading with a demo account, which simulates real market conditions.

The leverage offered by Running Brokers ranges from 1:50 to 1:500, depending on the asset class. The minimum trade size is 0.01 lots, allowing flexibility for traders. Overnight fees are applied based on the position size and market conditions.

6. Fund Management

Running Brokers supports multiple deposit methods, including:

  • Bank Transfers
  • Credit/Debit Cards
  • E-Wallets: Such as Skrill and Neteller.

Deposit Information:

  • Minimum Deposit Requirement:

  • Standard Account: $100

  • Premium Account: $1,000

  • Deposit Processing Time: Typically processed within 1-3 business days, depending on the method.

  • Deposit Fees: No fees for deposits via bank transfer; credit card deposits may incur a 2% fee.

Withdrawal methods include the same options as deposits, with processing times ranging from 1-5 business days. Withdrawal fees vary based on the method used, with bank transfers generally free and e-wallet withdrawals subject to a 1% fee.

7. Customer Support and Educational Resources

Running Brokers offers comprehensive customer support through various channels:

  • Support Channels:

  • Phone

  • Email

  • Live Chat

  • Social Media

  • Service Hours: Available 24/5, covering major time zones.

  • Multilingual Support: The brokerage provides support in multiple languages, including English, Spanish, Mandarin, and Arabic.

Educational Resources:

  • Webinars: Regularly scheduled webinars covering market analysis and trading strategies.
  • Tutorials: Comprehensive guides on trading platforms and strategies.
  • E-books: Free downloadable resources for traders of all experience levels.

Running Brokers also provides daily market analysis, research reports, and various trading tools, including calculators and economic calendars.

8. Regional Coverage and Restrictions

Running Brokers services clients in multiple regions, with a strong presence in:

  • Europe
  • Asia-Pacific
  • North America

Regional Offices:

  • London, UK
  • New York, USA
  • Sydney, Australia

However, the brokerage does not accept clients from certain countries, including:

  • United States
  • Japan
  • Iran

Special restrictions may apply based on local regulations, and clients are encouraged to check the brokerage's website for the most current information regarding service availability in their region.

In summary, Running Brokers stands out as a competitive option in the forex trading landscape, offering a robust suite of services, comprehensive regulatory compliance, and a commitment to customer satisfaction. As a running broker, it continues to evolve with the market, providing traders with the tools and resources they need to succeed.