FXRHS Forex Broker

FXRHS Broker - Complete Information Guide

1. Broker Overview

FXRHS, officially known as Gold Stone Capital Limited, was established in 2017 and is headquartered in New Zealand. This broker operates as a private entity, providing services primarily to retail traders and institutional clients interested in foreign exchange trading. Since its inception, FXRHS has aimed to cater to a diverse range of clients, offering them access to various trading products and services.

The development of FXRHS has been marked by several milestones, including its establishment in 2017 and the gradual expansion of its service offerings. Over the years, the broker has focused on building a user-friendly trading environment, although its regulatory status has raised some concerns among potential clients.

FXRHS operates primarily in the forex market, providing a platform for trading currency pairs, CFDs, and other financial instruments. The company has positioned itself to serve clients looking for competitive trading conditions, although it has faced scrutiny regarding its regulatory compliance and overall safety for traders.

As a broker, FXRHS employs a business model that focuses on retail forex trading and institutional services, aiming to provide clients with a comprehensive trading experience.

2. Regulatory and Compliance Information

FXRHS is registered under the Financial Service Providers Register (FSPR) in New Zealand. The regulatory status of FXRHS has been a point of concern, as its specific regulatory license number is 513806. While the company claims to adhere to various compliance measures, the lack of transparency regarding its regulatory oversight has led to questions about its safety for traders.

The broker's regulatory license is currently valid, but potential clients are advised to conduct thorough research before engaging with FXRHS. The company claims to maintain a client fund segregation policy, ensuring that client funds are kept separate from the company's operational funds. However, the details of this policy have not been explicitly provided in available documentation.

FXRHS has also implemented Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, which are standard practices in the financial industry. These measures are designed to protect both the broker and its clients from fraudulent activities and ensure a secure trading environment.

3. Trading Products and Services

FXRHS offers a variety of trading products, primarily focusing on forex currency pairs. The broker provides access to a selection of major, minor, and exotic currency pairs, catering to the diverse trading preferences of its clients. The exact number of currency pairs available for trading is not disclosed; however, FXRHS aims to cover a broad spectrum of trading options.

In addition to forex trading, FXRHS offers Contracts for Difference (CFDs) across various asset classes, including indices, commodities, and stocks. The introduction of new products is not specified, but the broker appears to be committed to enhancing its service offerings to meet client demand.

FXRHS provides retail trading services to individual traders and also caters to institutional clients. The broker does not currently advertise any white-label solutions or asset management services, focusing instead on direct trading services.

4. Trading Platforms and Technology

FXRHS supports the widely used MetaTrader 4/5 trading platforms, allowing traders to access a robust trading environment equipped with advanced charting tools and technical indicators. The brokers platform is designed to facilitate both manual and automated trading strategies.

In addition to the desktop versions of MetaTrader, FXRHS also offers a web-based trading platform that enables traders to execute trades from any browser without the need for software installation. This flexibility is beneficial for traders who prefer to manage their accounts on the go.

The broker has also developed a mobile application compatible with both iOS and Android devices, providing traders with the ability to monitor their accounts and execute trades from their smartphones.

FXRHS employs an ECN execution model, which is designed to provide traders with direct access to liquidity providers, ensuring competitive spreads and faster trade execution. The broker's server infrastructure is located in secure data centers, although specific details regarding their technology stack and server locations are not publicly available.

API access for automated trading is not explicitly mentioned, indicating that traders may have limited options for integrating third-party trading systems with the FXRHS platform.

5. Account Types and Trading Conditions

FXRHS offers various account types tailored to meet the needs of different traders. The standard account conditions include a minimum deposit requirement, competitive spreads, and commission structures that vary based on the account type. The specific details of these conditions are not provided in the available information.

Advanced account types, such as VIP or professional accounts, may be available, offering enhanced trading conditions and additional features. However, detailed information on these accounts is not disclosed.

The broker also appears to offer Islamic accounts, which are compliant with Sharia law, alongside corporate accounts for institutional clients. The availability of a demo account is mentioned, allowing potential clients to practice trading without risking real funds.

Leverage options at FXRHS vary by product, with the potential for high leverage ratios. The minimum trade size and overnight fees are not specified, leaving traders to inquire directly with the broker for precise details.

6. Fund Management

FXRHS supports a variety of deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirements vary by account type, with specific details not readily available.

Deposit processing times are typically quick, but the exact timelines are not specified. FXRHS does not charge deposit fees, although traders should verify this information directly with the broker.

Withdrawal methods include bank transfers and electronic wallets, but the details regarding withdrawal limits and processing times remain vague. FXRHS has been reported to have issues concerning withdrawal requests, with some complaints regarding delays and restrictions.

The fee structure for withdrawals is not clearly outlined, which may be a concern for potential clients considering the broker.

7. Customer Support and Educational Resources

FXRHS provides customer support through various channels, including email and potentially live chat options. The service hours and time zone coverage are not specified, which could impact the availability of support for traders in different regions.

The broker offers support in Chinese (Simplified), catering primarily to a Chinese-speaking clientele. However, the extent of multilingual support is unclear.

In terms of educational resources, FXRHS appears to provide limited offerings. The availability of webinars, tutorials, and e-books is not specified, indicating that the broker may not have a comprehensive educational program in place.

Market analysis services, such as daily analysis and research reports, are also not highlighted, suggesting that traders may need to rely on external sources for market insights.

8. Regional Coverage and Restrictions

FXRHS primarily serves clients in New Zealand and potentially other regions, but the specific markets where the broker operates are not fully detailed. The distribution of regional offices is unclear, which may limit the broker's ability to provide localized support.

FXRHS does not accept clients from certain countries, although the specific list of restricted jurisdictions is not provided. Potential clients are advised to confirm their eligibility to trade with FXRHS based on their location.

Special restrictions may apply, particularly concerning clients from regions with stringent regulatory requirements. It is recommended that traders verify this information before proceeding with account registration.

In conclusion, FXRHS is a broker that offers various trading products and services, primarily in the forex market. However, potential clients should carefully consider the regulatory concerns and the available information regarding the broker's operations before engaging in trading activities. As always, thorough research and due diligence are essential in the forex trading landscape.