RannForex Forex broker specializes in providing foreign exchange trading services, the company's official website https://my.rann.forex/en/auth/register/, the company's legitimate regulatory information SeychellesFSARetail Forex License, to enhance the security of the company's address Block B, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles.
RannForex Forex Broker
Basic information
Seychelles
2-5 years Regulated in Seychelles Retail Forex License MT5 Full License Global Business Medium potential risk Offshore RegulatedCompany profile
RannForex Information
RannForex, founded in 2013, is a brokerage registered in Seychelles. The trading instruments it provides cover 49 types of forex, 5 types of metals, 3 types of energies, 11 types of indices. It is regulated by Seychelles.
Pros and Cons
| Pros | Cons |
| Regulated | No Islamic account |
| Wide range of trading instruments | No information about phone |
| Generous leverage up to 1:500 | Limited payment methods |
| MT5 supported | No MT4 supported |
| Demo account available | |
| Low min deposit | |
| High maximum leverage |
Is RannForex Legit?
RannForex is regulated by FSA in Seychelles. Its current status is offshore regulated.
| Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number | Current Status |
| Seychelles | FSA | RannForex Limited | Retail Forex License | SD151 | Offshore Regulated |
What Can I Trade on RannForex?
RannForex offers traders 49 types of forex, 5 types of metals, 3 types of energies, 11 types of indices to trade.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Energies | ✔ |
| Metals | ✔ |
| Indices | ✔ |
| Commodities | ❌ |
| Stocks | ❌ |
| Futures | ❌ |
| Options | ❌ |
Account Types
RannForex offers 2 different types of accounts to traders - MT5 PRO Account, MT5 ZERO Account. It also provides demo accounts.
| Account Type | MT5 PRO Account | MT5 ZERO Account |
| Min Deposit | $2 | $2 |
| Minimum volume | 0.01 Lot | 0.01 Lot |
| Leverage | 1:500 | 1:500 |
| Locked margin | 50% | 50% |
| Commission | $20 per 1 million USD (for one side) around 4$ per lot | $0 (moved to spread) |
| Stop out | 60% | 60% |
| Demo Account | ✔ | ✔ |
RannForex Fees
RannForex charges $20 per 1 million USD (for one side) around 4$ per lot for MT5 PRO Account, $0 (moved to spread) for MT5 ZERO Account. RannForex's spreads are 0.1 - 976.6 pips.
Trading Platform
RannForex's trading platform is MT5, which supports traders on PC, Mac, iPhone and Android.
| Trading Platform | Supported | Available Devices |
| MT5 | ✔ | Web, Mobile |
| MT4 | ❌ |
Deposit and Withdrawal
The broker supports provides 3 type of deposit and withdrawal methods - Bank Wire, Crypto, Volet. RannForex charges fees for deposits and withdrawals.
| Currency | Fee | Time limits | Notes | |
| Bank Wire | USD | 0% | Few days | Regular wire transfer |
| Crypto | USD | 0.5% | Immediately | B2BinPAY - Cryptocurrencies (USDT, BTC, ETH etc.) |
| Volet | USD | 1% | Immediately | Volet (ex Advcash) – popular payment system. |
| Currency | Fee | Time limits | Notes | |
| Bank Wire | USD | 0% | Few days | Regular wire transfer |
| Crypto | USD | 0.5% | Immediately | B2BinPAY - Cryptocurrencies (USDT, BTC, ETH etc.) |
| Volet | USD | 1% | Immediately | Volet (ex Advcash). ** Withdrawals are automatic up to 500 USD per day. |
Rating Index
PRO.ECN.MT5
ECN.MT5
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Latest Reviews
Gales
Mexico
It's like waiting for a snail to finish a marathon. If you have the patience of a saint, give it a shot. On the bright side, trading conditions are decent, and the platform is stable. However, the educational resources are lackluster; it's like trying to learn calculus from a coloring book. Also, watch out for the withdrawal process – it's not as smooth as they claim. In a nutshell, RannForex is a mixed bag. If you have the luxury of time and don't mind a sluggish support team, you might find some aspects worth exploring.
Neutral
2023-12-28
FX1705321758
India
Execution is generally smooth, and spreads are competitive. BUT could you offer more deposit and withdrawal options?
Neutral
2024-08-14