RENHE Forex Broker

Note: RENHEs official website: https://www.renhetrade.com/ is currently inaccessible normally.RENHE Review SummaryFounded2022Registered Country/RegionUnited KingdomRegulationSuspicious clone under the Securities Commission of The Bahamas (SCB), license number SIA-F211Market InstrumentsForex, Commodity, Index, CFDDemo Account/LeverageUp to 100:1SpreadLow, not mentionedTrading PlatformMetaTrader 4 (MT4)Min Deposit/Customer Support- Telephone: +86 01021789630- Email: cs@renhetrade.com- Registered Address: 41 Devonshire Street Ground Floor Office 1, London, W1G 7AJ, UK- Business Address: 1-1301, Jiukeshu, Cuijingbeili, Tongzhou District, Beijing, ChinaRENHE Information RENHE promises to offer Forex, commodities, indices, and CFDs on MetaTrader 4 (MT4). It gives traders 100:1 leverage to maximise returns. RENHE has a suspicious Securities Commission of The Bahamas clone licence.Pros and ConsPros Cons Multiple Market InstrumentsSuspicious clone SCB LicenseNo Commission ChargesWebsite inaccessibleMT4 Trading PlatformLimited fee informationIs RENHE Legit? The Bahamas Securities Commission considers Renhe Financial Services Limited a suspicious clone. This indicates that the entity is faking a regulatory licence. Renhe Financial Services Limited presented SIA-F211, reported to be a Bahamas Securities Commission retail forex licence. This licence is fake and does not have Bahamas regulatory control.Regulatory StatusSuspicious cloneRegulated bySecurities Commission of The BahamasLicensed InstitutionRenhe Financial Services LimitedLicensed TypeRetail Forex LicenseLicense NumberSIA-F211What Can I Trade on RENHE? RENHE provides trading in Forex, commodities, indices, and CFDs among other asset classes.Tradable Instruments Supported Forex✔Commodities✔Crypto❌CFD✔Indices✔Stock❌ETF❌Account Types RENHE provides live trading accounts but has not stated the specifics or categories for any other accounts. It limits flexibility for many trading purposes by excluding Islamic (swap-free) account alternatives and demo accounts.Leverage With leverage up to 100:1, RENHE lets traders control bigger positions with less capital needed. High leverage should be used by traders carefully since it may cause capital to be rapidly depleted.RENHE Fees RENHE promises minimal spreads and does not impose commission fees on trades, therefore lowering client total trading expenses. Their cost-effectiveness is difficult to evaluate, though, since particular charge structures for spreads, commissions, and swap rates are not clearly stated.Trading PlatformTrading PlatformSupported Available Devices Suitable for what kind of tradersMT4✔Desktop, Mobile (iOS/Android)Traders who prefer a standard platform for flexibility