RedMars Forex broker specializes in providing foreign exchange trading services, the company's official website https://secure.redmars.eu/register/, the company's legitimate regulatory information CyprusCYSECMarket Making(MM), to enhance the security of the company's address 1st floor, Visionhire Building, Marikas Kotopouli, 3030.
RedMars Forex Broker
Basic information
Cyprus
2-5 years Regulated in Cyprus Market Making(MM) White label MT5 Regional BrokersCompany profile
RedMars Information
Founded in 2020, RedMars is a regulated broker registered in Cyprus, offering trading on metals, indices, commodities, stocks, cryptocurrencies and forex with leverage up to 1:30 and average spread from 1.2 pips on the leading MT5 platform. Demo accounts are available and the minimum deposit requirement to open a live account is $250.
Pros and Cons
| Pros | Cons |
| Regulated by CySEC | High minimum deposit requirement |
| Various trading products | Limited payment options |
| Demo accounts | |
| MT5 platform | |
| 24/5 live chat support |
Is RedMars Legit?
Yes. ATFX is regulated by Cyprus Securities and Exchange Commission (CySEC).
| Regulated Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
| Cyprus Securities and Exchange Commission (CySEC) | Regulated | RED MARS Capital LTD | Straight Through Processing (STP) | 396/21 |
What Can I Trade on RedMars?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Metals | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Here are four account types RedMars offers:
| Account Type | Min Deposit |
| STANDARD | $250 |
| VIP | €50,000 |
| Prime | $5,000 |
| Micro | $250 |
Leverage
The broker offers max leverage of 1:30. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.
RedMars Fees
| Account Type | Spread | Commission |
| STANDARD | Avg 1.2 pips | ❌ |
| VIP | / | / |
| Prime Account | From 0.0 pips | €3.5/ lot per side |
| Micro Account | Avg 1.2 pips | ❌ |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | PC, MAC, mobile, WebTrader | Experienced traders |
| MT4 | ❌ | Beginners |
Deposit and Withdrawal
The broker accepts payments via PayPal, Visa, and Mastercard.
No fees or charges specified.
Rating Index
PRO
VIP
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Latest Reviews
FX2357080636
Colombia
I deposited $1,000 and traded with signals they provided. Suddenly all the money were gone. Help.
Exposure
2021-08-06
廖小任
United States
RedMars is a scam company, do not trade here! I have been cheated out of more than ten thousand dollars. I called the police, but the loss has not been recovered so far, and the company is still in business!
Neutral
2023-03-01