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RedMars Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.redmars...., the company's legitimate regulatory information CyprusCYSECMarket Maker (MM) to enhance the security of the company's address Manoli Kalomoiri & Marikas Kotopouli, 20, Vision Hire Court, 1st floor, 3030 Limassol, Cyprus

RedMars Forex Broker

Basic Information

Registered Region
Cyprus
Operating Period
--
Company Name
Red Mars Capital Ltd.
Abbreviation
RedMars
Company employee
--
Customer Service Email Address
webmaster@redmars.eu
Company Website
Company address
Manoli Kalomoiri & Marikas Kotopouli, 20, Vision Hire Court, 1st floor, 3030 Limassol, Cyprus
Keywords
2-5 years
Regulated in Cyprus
Market Maker (MM)
Suspicious Scope of Business
Medium potential risk

Company profile

RedMars Review SummaryFounded/Registered Country/RegionCyprusRegulationCYSECMarket InstrumentsMetals, Indices, Commodities, Stocks, Cryptocurrencies, ForexDemo Account✅LeverageUp to 1:30SpreadSpreads from 0.0 pipsTrading PlatformMT5Minimum Deposit$250Customer SupportTel: +357 25252277, +357 22007328Email: support@redmars.euSocial Media: X, Facebook, LinkedIn, InstagramAddress: Manoli Kalomoiri & Marikas Kotopouli, 20, Vision Hire Court, 1st floor, 3030 Limassol, CyprusRegional Restrictionsthe United States of America, Iran, Myanmar, North Korea RedMars is a broker regulated by CYSEC, registered in Cyprus. RedMars provides metals, indices, commodities, stocks, cryptocurrencies, and forex for investors. It also offers demo accounts and the MT5 trading platform. The leverage is up to 1:30, and the minimum deposit is $250.Pros and ConsProsConsRegulated by CYSECRegional restrictionsVarious trading productsNo MT4MT5 supportHigh minimum depositDemo account availableFour types of accountsIs RedMars Legit?Regulated byCyprus Securities and Exchange CommissionCurrent StatusRegulatedRegulated CountryCyprusRegulated EntityRED MARS Capital LTDLicense TypeMarket Maker (MM)License No.396/21What Can I Trade on RedMars?Tradable InstrumentsSupportedMetals✔Indices✔Commodities✔Stocks✔Cryptocurrencies✔Forex✔Bonds❌ETFs❌Account TypeAccount Minimum DepositSuitable for Standard$250Beginner/ IntermediateVIP€50,000Professional tradersPrime$5,000Advanced and High Volume TradeMicro$250Beginner/ IntermediateRedMars FeesAccount SpreadCommissionStandardAvg Spread 1.2 pips0VIP//PrimeSpreads from 0.0 pips€3.5/ lot per side commissionMicroAvg Spread 1.2 pips0LeverageAccount LeverageStandardUp to 1:30VIP/PrimeUp to 1:30MicroUp to 1:30Trading PlatformTrading PlatformSupported Available Devices Suitable for MT5✔PC/MAC, mobile, webTraderExperienced tradersMT4❌/BeginnersDeposit and Withdrawal RedMars provides PayPal, VISA, Unlimit, and Mastercard methods for Deposits and Withdrawals.

Rating Index

Micro

Minimum Deposit
$250

Prime

Minimum Deposit
€ 5,000
How to login to RedMars?
RedMars Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a RedMars Account Creating your RedMars account is the first step toward engaging in online trading. The registration process is straightforward, but it‘s essenti

  

RedMars Forex Broker - Complete Information Guide

  

1. Broker Overview

  RedMars, officially known as Red Mars Capital Ltd., was established in 2020 and is headquartered in Cyprus. As a private company, it operates primarily in the retail forex and CFD markets, catering to individual traders and investors. The broker has positioned itself in a competitive landscape, offering a range of trading products and services aimed at both novice and experienced traders.

  The company has made significant strides since its inception, focusing on providing robust trading conditions and a user-friendly experience. Important milestones include the acquisition of regulatory licenses and the launch of various account types to meet diverse trader needs. The parent company, Red Mars Capital Ltd., operates under the regulatory framework established by the Cyprus Securities and Exchange Commission (CySEC), which adds a layer of credibility to its operations.

  RedMars operates on a retail forex and CFD trading model, providing clients access to various financial instruments, including forex pairs, commodities, indices, and cryptocurrencies. The broker aims to facilitate a seamless trading experience by leveraging advanced technology and customer support.

  

2. Regulation and Compliance Information

  RedMars is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 396/21. This regulation ensures that the broker adheres to strict financial standards and operational guidelines designed to protect investors. The regulatory framework provides a level of assurance to clients regarding the safety of their funds and the integrity of the trading environment.

  In addition to CySEC, RedMars operates under the laws of Saint Vincent and the Grenadines, where financial oversight is less stringent. The broker emphasizes the segregation of client funds from its operational capital, ensuring that client assets are protected in separate accounts held with reputable European financial institutions.

  Furthermore, RedMars participates in the Investor Compensation Fund (ICF), which offers compensation to eligible clients up to €20,000 in the event of the broker's insolvency. The broker also adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations to prevent fraudulent activities and ensure the legitimacy of its clients.

  

3. Trading Products and Services

  RedMars offers a diverse range of trading products, primarily focusing on forex and CFD instruments. Traders can access approximately 50 currency pairs, including major, minor, and exotic pairs. The broker also provides a selection of CFD products covering various asset classes such as:

  • Indices: Major global indices for diversified exposure.
  • Commodities: Including gold, silver, and crude oil.
  • Stocks: Access to popular shares from the US, UK, and EU markets.
  • Cryptocurrencies: Trading options for major cryptocurrencies through CFDs.

  Although RedMars presents a reasonable selection of instruments, it does not offer the extensive range found in some leading brokers, which may limit options for traders seeking a broader market exposure. The broker is known for its commitment to updating its product offerings, but specific details on the frequency of new additions are not readily available.

  RedMars primarily serves retail traders but also offers solutions for institutional clients, including tailored account services and market access.

  

4. Trading Platforms and Technology

  RedMars supports the MetaTrader 5 (MT5) platform, which is renowned for its comprehensive trading capabilities, including algorithmic trading, advanced charting tools, and a variety of analytical resources. However, the platform does not offer MetaTrader 4 (MT4), which is often favored by beginner traders for its simplicity.

  The broker provides a web-based trading platform and mobile applications compatible with both iOS and Android devices, allowing traders to manage their accounts and execute trades on the go. This flexibility is essential for modern traders who require real-time access to the markets.

  RedMars operates on an STP (Straight Through Processing) model, ensuring that trades are executed directly in the market without interference. The broker's technological infrastructure is designed to provide fast execution speeds and reliable connectivity.

  Additionally, RedMars offers API access for automated trading, catering to traders who wish to implement algorithmic strategies seamlessly.

  

5. Account Types and Trading Conditions

  RedMars provides several account types to accommodate different trading preferences and experience levels:

  • Standard Account: Requires a minimum deposit of €250 with average spreads starting from 1.2 pips and no commission.
  • Pro Account: Geared towards higher-volume traders, this account requires a minimum deposit of €5,000, offering tighter spreads down to zero for some instruments, with a maximum leverage of 1:500.
  • VIP Account: Designed for the broker's most valued clients, requiring a minimum deposit of €50,000, providing personalized services, including dedicated account management.

  The broker also offers a demo account for traders to practice without financial risk, mimicking the conditions of a live trading environment. Leverage options vary, with retail accounts typically capped at 1:30 for forex and 1:500 for professional accounts. Minimum trade sizes start from 0.01 lots, allowing traders to manage their risk effectively.

  

6. Fund Management

  RedMars supports a variety of deposit methods, including:

  • Bank Transfers
  • Credit/Debit Cards (Visa, Mastercard)
  • E-Wallets (such as Neteller, Skrill, Sticpay)
  • Cryptocurrency Deposits

  The minimum deposit requirement varies by account type, with the standard account requiring €250 and the pro account requiring €5,000. Deposits are generally processed within 3-5 business days for bank transfers, while card deposits are typically instant.

  RedMars does not charge fees for deposits, but clients should be aware that intermediary banks may impose their own charges. Withdrawal methods mirror those of deposits, and the processing time for withdrawals can also take 3-5 business days. The broker has a transparent fee structure, and while there are no withdrawal fees for bank transfers, other methods may incur charges.

  

7. Customer Support and Educational Resources

  RedMars offers customer support primarily through email and a ticketing system within the client area. However, the absence of live chat or phone support may hinder immediate assistance for traders. The broker's customer service operates during trading hours, and while they provide support in English, other language options are not explicitly mentioned.

  In terms of educational resources, RedMars falls short compared to industry leaders. There are limited offerings in terms of tutorials, webinars, or market analysis services, which may pose challenges for novice traders seeking to enhance their trading knowledge. The lack of in-house research material and educational tools makes it difficult for new traders to navigate the complexities of the market effectively.

  

8. Regional Coverage and Restrictions

  RedMars primarily serves clients in Europe, with its regulatory framework established under CySEC. The broker's operations extend to various countries, but specific restrictions apply to certain regions where local regulations may prohibit its services.

  While the broker has not explicitly listed countries where it does not accept clients, it is essential for potential traders to verify their local regulations before opening an account. The absence of a detailed list of restricted countries can lead to potential compliance issues for traders from regions with strict financial regulations.

  In summary, while RedMars presents itself as a viable option for trading, potential clients should conduct thorough research and consider the broker's limitations and regional restrictions before engaging in trading activities.

  This overview provides a comprehensive understanding of the RedMars broker, covering essential aspects related to its operations, regulatory compliance, trading offerings, and customer support.

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Latest Reviews

廖小任

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!

37130

2023-03-01

FX2357080636

FX2357080636

Colombia

I deposited $1,000 and traded with signals they provided. Suddenly all the money were gone. Help.

Exposure

2021-08-06

RedMars Forex Broker has an overall rating of 6.39, Regulatory Index 6.02, License Index 6.08, Business Index 6.67, Software Index 5.42 Risk Control Index 8.90.