RannForex Forex Broker

Rannforex Broker - Complete Information Guide

1. Overview of the Broker

　　Rannforex is an online forex and CFD broker established in 2017. The company is headquartered in Saint Vincent and the Grenadines, with its primary operations conducted from Kingstown. Rannforex operates as a private entity, focusing on providing trading services to retail clients globally. The broker has carved out a niche in the market by emphasizing transparency and low-cost trading, appealing primarily to retail traders, including scalpers and high-frequency traders.

　　Founded by Dmitry Rannev, a prominent figure in the Russian forex market, Rannforex has developed a reputation for its commitment to providing a fair trading environment. Rannev's extensive experience includes notable positions at various financial institutions, including the Central Bank of Russia and Alpari. The establishment of Rannforex marked a significant milestone in Rannev's career, as he aimed to create a broker that prioritizes honest and accessible trading conditions.

　　Rannforex operates under a No Dealing Desk (NDD) model, which allows for direct market access without intervention from the broker. This model is designed to provide traders with competitive pricing and execution speeds, catering to a diverse range of trading strategies and preferences.

2. Regulatory and Compliance Information

　　Rannforex is registered with the Seychelles Financial Services Authority (FSA) but operates without comprehensive regulatory oversight. The broker holds a retail forex license, which, while providing a degree of legitimacy, does not ensure the same level of investor protection as brokers regulated in more stringent jurisdictions.

　　The regulatory number for Rannforex is SD151, but the lack of a robust regulatory framework raises concerns regarding the safety of client funds and overall compliance. The company does not participate in any investor compensation schemes, and its client funds are not guaranteed by any regulatory body.

　　Rannforex implements Know Your Customer (KYC) and Anti-Money Laundering (AML) measures, though the verification process is relatively lax. Clients are required to provide personal and contact information, but there is no stringent verification for this data unless requested by the broker. This approach may lead to potential risks concerning fund security and transparency in operations.

3. Trading Products and Services

　　Rannforex offers a comprehensive range of trading products, including over 60 currency pairs, such as major, minor, and exotic currencies. This variety enables traders to engage in forex trading with ample opportunities to speculate on price movements.

　　In addition to forex, Rannforex provides Contracts for Difference (CFDs) across various asset classes, including indices, commodities, and precious metals. The broker allows trading on popular indices and commodities like gold, silver, and oil, enhancing the diversity of trading options available to clients.

　　Unique to Rannforex is its dedicated crypto trading account, which allows traders to access liquidity from Binance, one of the largest cryptocurrency exchanges globally. This account type, denominated in Tether (USDT), offers competitive trading conditions for cryptocurrency enthusiasts.

　　Rannforex continuously updates its product offerings and is responsive to market trends. However, the specifics regarding the frequency of new product introductions are not publicly disclosed.

4. Trading Platforms and Technology

　　Rannforex supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are well-regarded in the trading community for their advanced functionality and user-friendly interfaces. These platforms provide traders with powerful tools for market analysis, automated trading capabilities, and extensive charting options.

　　The broker does not offer a proprietary trading platform, but the MT4 and MT5 platforms are accessible via desktop, mobile, and web versions, ensuring traders can engage in trading from various devices. The execution model is primarily ECN, allowing for direct market access and minimal latency in order execution.

　　Rannforex also provides API integration for automated trading, catering to algorithmic traders who seek to implement sophisticated trading strategies. The broker's technical infrastructure supports a seamless trading experience, although specific details regarding server locations and technology stack are not publicly available.

5. Account Types and Trading Conditions

　　Rannforex offers several account types tailored to different trading needs:

• MT5 Pro Account: No minimum deposit, leverage up to 1:500, and a commission of $20 per million USD traded. This account supports both forex and CFD trading.
• MT4 Pro Account: Similar to the MT5 Pro Account but exclusively on the MT4 platform.
• MT5 Zero Account: No minimum deposit with costs incorporated into spreads, leverage up to 1:500, and no direct commissions.
• Crypto Fut Account: Designed for cryptocurrency trading, denominated in USDT, with leverage limited to 1:20 and a trading commission of 0.08% per side.
• PAMM Account: Allows for pooled investments managed by a professional trader, also with no minimum deposit and leverage up to 1:500.

　　The broker maintains competitive trading conditions, including variable spreads starting from 0 pips for certain instruments. The minimum trading size is set at 0.01 lots, accommodating both novice and experienced traders.

6. Fund Management

　　Rannforex supports various deposit methods, including:

• Advcash: Deposits in EUR and USD with a 1% fee, processed immediately.
• Perfect Money: Similar to Advcash, with a 2.5% fee.
• Binance (USDT): No fees for USDT deposits, processed instantly.
• Bitcoin (BTC): Deposits incur a 1.5% fee, with processing times of a few hours.

　　There are no minimum deposit requirements for most account types, making it accessible for traders with varying budgets. Withdrawals can be made using the same methods, with a 2% fee for Advcash and Perfect Money withdrawals. The processing time for withdrawals is generally immediate, although some may not be automatic.

　　Rannforex imposes an inactivity fee of $10 per month after 12 months of inactivity, which is important for traders to consider when managing their accounts.

7. Customer Support and Educational Resources

　　Rannforex provides customer support primarily through email and online chat. While there is no phone support available, the chat feature allows for quick responses to inquiries. The broker's support team is known for being responsive and helpful, which enhances the overall client experience.

　　The broker supports multiple languages, including English and Russian, catering to its diverse client base. However, there is a noticeable lack of extensive educational resources such as webinars or tutorials, which may limit support for novice traders.

　　Rannforex does offer some market analysis tools, including an economic calendar, trading calculators, and access to tick history, which can assist traders in making informed decisions.

8. Regional Coverage and Restrictions

　　Rannforex services clients from various regions worldwide, with the notable exception of the United States and certain other countries where restrictions apply. The broker maintains a presence primarily in regions with a high concentration of forex traders, such as Russia and Eastern Europe.

　　The absence of physical offices and limited regional offices may raise concerns for some traders regarding accessibility and support. However, the broker's online presence allows for global reach, making it a viable option for many traders.

　　In summary, Rannforex offers a comprehensive trading environment with a range of account types, competitive trading conditions, and a focus on transparency. However, potential clients should carefully consider the regulatory landscape and associated risks before engaging with this broker.