Rangoli Forex Broker

Rangoli Forex Broker - Complete Information Guide

1. Overview of the Broker

Company Name: Rangoli Portfolio Private Limited

Established: 2009

Headquarters: SCO 354, 2nd Floor, Sector 9, Panchkula, Haryana, India – 134109

Company Type: Private

Primary Markets and Clientele: Rangoli primarily serves retail traders in the Forex market, with a focus on providing trading solutions for various financial instruments.

Company Development and Milestones: Since its inception, Rangoli has aimed to establish a foothold in the competitive Forex market, although it has faced challenges due to a lack of regulation and scrutiny regarding its business practices.

Group Relations: The company operates independently without any publicly listed parent organization.

Business Model: Rangoli operates primarily as a retail Forex broker, offering trading services to individual traders interested in Forex, commodities, and other financial instruments.

The Rangoli broker aims to provide a user-friendly trading experience, although concerns over its regulatory status have raised questions about its operational legitimacy.

2. Regulatory and Compliance Information

Main Regulatory Bodies:

• No valid regulatory status has been identified for Rangoli.
• There are no licenses or regulatory numbers available as per the latest information.

Regulatory License Validity and Scope:

• Rangoli does not hold any recognized regulatory licenses, which raises significant concerns regarding its compliance with international trading standards.
• The absence of regulatory oversight means there is no assurance of client protection or adherence to industry standards.

Legal Entities in Different Regions:

• The broker is registered in India, but it does not have any regulatory oversight from recognized authorities such as SEBI (Securities and Exchange Board of India).

Client Fund Segregation Policy:

• Information on the segregation of client funds is not provided, which could pose risks to investors.

Investor Compensation Fund Participation:

• Rangoli does not participate in any investor compensation schemes, further increasing the risk for clients.

KYC and AML Compliance Measures:

• Due to the lack of regulation, specific details regarding Know Your Customer (KYC) and Anti-Money Laundering (AML) practices are not disclosed.

The lack of regulatory oversight and compliance measures raises significant concerns for potential clients considering using the Rangoli broker for their trading needs.

3. Trading Products and Services

Number of Forex Currency Pairs Offered:

• The broker offers a limited range of Forex currency pairs, although specific numbers are not disclosed in the available information.

CFD Product Categories:

• Rangoli provides access to various Contracts for Difference (CFDs), including indices, commodities, and cryptocurrencies, but the exact offerings are not detailed.

Unique or Special Trading Products:

• There is no indication of unique products or exclusive trading opportunities being offered by Rangoli.

Product Update Frequency and New Additions:

• Information regarding the frequency of product updates or the addition of new trading instruments is not available.

Retail Trading Services:

• Rangoli focuses on retail trading services, providing traders with access to the Forex market and other financial instruments.

Institutional Client Services:

• There is no mention of services tailored for institutional clients, indicating a focus primarily on individual traders.

White Label Solutions:

• No information regarding white label solutions or partnerships with other financial institutions has been provided.

Asset Management Services:

• Rangoli does not appear to offer any asset management services, focusing solely on retail trading.

The Rangoli broker provides a basic range of trading products but lacks the diversity and innovation found in more established brokerage firms.

4. Trading Platform and Technology

MetaTrader 4/5 Support:

• Rangoli supports both MetaTrader 4 and MetaTrader 5 platforms, which are popular among Forex traders for their advanced charting and analysis tools.

Proprietary Platform Details:

• There is no indication that Rangoli has developed its proprietary trading platform, relying instead on widely used platforms like MT4 and MT5.

Web-Based Trading Platform:

• Information regarding a web-based trading platform has not been disclosed, suggesting that traders may need to use downloadable software.

Mobile Applications:

• Rangoli offers mobile applications for both iOS and Android, allowing traders to access their accounts and trade on the go.

Execution Models (ECN, STP, Market Making):

• The specific execution model used by Rangoli is not detailed, but the lack of regulation raises concerns about the transparency of trade execution.

Server Locations and Technical Infrastructure:

• Details on server locations and the technical infrastructure supporting the trading platform are not provided, which is critical for assessing latency and execution speed.

API Access and Automated Trading Support:

• There is no mention of API access or support for automated trading strategies, limiting options for algorithmic traders.

The Rangoli broker provides access to established trading platforms but lacks additional features that many traders may find necessary for a comprehensive trading experience.

5. Account Types and Trading Conditions

Standard Account Conditions:

• Minimum Deposit: Information on the required minimum deposit is not specified.
• Spreads: Details regarding spread offerings are also not disclosed, which is essential for evaluating trading costs.
• Commission: Any commission fees associated with trading are not mentioned.

Advanced Account Types:

• There are no details provided about advanced account types such as VIP or professional accounts.

Special Accounts:

• No information is available regarding special accounts, such as Islamic or corporate accounts.

Demo Account Policy:

• The availability of demo accounts for practice trading is not specified in the provided information.

Leverage Ratios:

• The leverage ratio offered by Rangoli is not disclosed, which is crucial for traders looking to maximize their positions.

Minimum Trade Size:

• Information on the minimum trade size is not available, which is essential for assessing trading flexibility.

Overnight Fees Policy:

• Details regarding overnight fees or swap rates are not provided, leaving traders without crucial information about potential costs.

The Rangoli broker lacks transparency in its account offerings and trading conditions, which could deter potential clients from engaging with the platform.

6. Fund Management

Supported Deposit Methods:

• Rangoli supports various deposit methods, including bank transfers and credit cards, although specific payment processors are not mentioned.

Minimum Deposit Requirements:

• The minimum deposit requirements for different account types are not specified.

Deposit Processing Time:

• Information regarding the processing time for deposits is not disclosed, which is critical for traders needing to fund their accounts quickly.

Deposit Fees:

• The fees associated with deposits are not mentioned, which could impact the overall cost of trading.

Withdrawal Methods and Restrictions:

• Withdrawal methods are not detailed, and any restrictions on withdrawals are also not specified.

Withdrawal Processing Time:

• The processing time for withdrawals is not provided, which is essential for clients needing timely access to their funds.

Withdrawal Fee Structure:

• Information regarding the fee structure for withdrawals is not available.

The Rangoli broker does not provide adequate information on fund management, which could be a significant concern for potential clients.

7. Customer Support and Educational Resources

Support Channels:

• Rangoli offers customer support through various channels, including phone and email, but specific details on availability are not provided.

Service Hours and Time Zone Coverage:

• The service hours and time zone coverage for customer support are not disclosed.

Multilingual Support:

• Information regarding the languages supported by customer service is not available.

Types of Educational Resources:

• Educational resources such as webinars, tutorials, or eBooks are not mentioned, indicating a potential lack of support for beginner traders.

Market Analysis Services:

• Daily analysis, news, and research reports are not specified, which are typically valuable resources for traders.

Trading Tools:

• The availability of trading tools such as calculators, calendars, or signal services is not mentioned.

The Rangoli broker appears to lack comprehensive customer support and educational resources, which could hinder traders' success.

8. Regional Coverage and Restrictions

Primary Service Markets:

• Rangoli primarily serves clients in India, but the specific markets it operates in are not detailed.

Regional Office Distribution:

• There is no information on the distribution of regional offices outside of its headquarters in Panchkula, Haryana.

Countries/Regions Not Accepting Clients:

• The broker does not specify any countries or regions from which it does not accept clients.

Special Restrictions:

• Additional restrictions or limitations on trading are not disclosed in the available information.

In conclusion, the Rangoli broker presents a basic offering in the Forex trading space, but significant concerns regarding its regulatory status, transparency, and customer support may deter potential clients from engaging with its services.