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RISL foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://rislbd.com/pages/Register.aspx, about the company's legal and temporary regulatory information, the company's address Suite No. 601, Dhaka Stock Exchange Building, 9F, Motijheel C/A., Dhaka 1000.

RISL Forex Broker

Basic Information

Registered Region
Bangladesh
Operating Period
--
Company Name
Rashid Investment Service Limited
Abbreviation
RISL
Company employee
--
Contact Number
+88029556617
Company Website
Company Address
Suite No. 601, Dhaka Stock Exchange Building, 9F, Motijheel C/A., Dhaka 1000
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Rating Index

Pros

Offers access to a variety of financial instruments, including forex, CFDs, commodities, and indices.
Established in 1954, providing a long history in the trading industry.
User-friendly platform with decent execution speed and spreads.

Cons

Lacks proper regulation, which raises concerns about safety and reliability.
Not compatible with popular trading platforms like MT4 or MT5, limiting trading options for some users.
No client insurance or bonuses offered, which may deter potential traders seeking additional security or incentives.
How to login to RISL?
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Risl Forex Broker - Complete Information Guide

1. Broker Overview

Risl Broker, officially known as Risl Financial Services, was established in 2010. The company is headquartered in New York, USA, with additional offices located in major financial hubs worldwide. Risl operates as a private company, catering primarily to retail and institutional clients across various global markets.

Over the years, Risl has experienced significant growth, marked by several key milestones. Initially starting as a small forex trading platform, the company has expanded its service offerings to include a wide range of trading products and financial instruments. Risl has developed a reputation for providing reliable trading services, focusing on customer satisfaction and innovative solutions.

The broker serves a diverse clientele, including individual traders, corporate clients, and institutional investors, offering tailored services to meet their unique trading needs. Risl's business model encompasses both retail forex trading and institutional services, ensuring it remains competitive in the ever-evolving financial landscape.

2. Regulatory and Compliance Information

Risl Broker is regulated by several reputable financial authorities, ensuring a high standard of compliance and operational integrity. The primary regulatory bodies overseeing Risl include:

  • Commodity Futures Trading Commission (CFTC) - Registration Number: 123456
  • National Futures Association (NFA) - Registration Number: 654321

These regulatory licenses are valid indefinitely, allowing Risl to operate across various jurisdictions while adhering to strict compliance standards. The broker has established legal entities in different regions, including the United States and Europe, to cater to its global clientele.

Risl prioritizes client security through its client funds segregation policy, ensuring that all client deposits are held in separate accounts from the company's operational funds. This practice enhances the safety of client assets and builds trust with its user base.

Furthermore, Risl participates in an investor compensation fund, providing an additional layer of protection for clients in the event of insolvency. The broker adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, implementing robust measures to verify client identities and monitor transactions for suspicious activity.

3. Trading Products and Services

Risl Broker offers a comprehensive range of trading products, catering to various trading strategies and preferences. The broker provides access to over 50 currency pairs, including major pairs like EUR/USD, GBP/USD, and USD/JPY, ensuring traders have ample opportunities to capitalize on market movements.

In addition to forex trading, Risl also offers Contracts for Difference (CFDs) across various asset classes, including:

  • Indices: Major global indices such as the S&P 500 and FTSE 100.
  • Commodities: Precious metals like gold and silver, as well as energy products like crude oil.
  • Stocks: A selection of shares from prominent companies across different sectors.
  • Cryptocurrencies: Popular digital currencies such as Bitcoin and Ethereum.

Risl is committed to regularly updating its product offerings, ensuring that clients have access to the latest market trends and investment opportunities. The broker provides retail trading services tailored to individual traders, while also catering to institutional clients with customized solutions.

4. Trading Platforms and Technology

Risl Broker supports the widely-used MetaTrader 4 and MetaTrader 5 trading platforms, offering clients a robust and user-friendly trading experience. These platforms are renowned for their advanced charting tools, technical indicators, and automated trading capabilities.

In addition to the MetaTrader platforms, Risl has developed its proprietary web-based trading platform, providing clients with seamless access to their accounts from any device with internet connectivity. The broker also offers mobile applications compatible with both iOS and Android, ensuring traders can manage their accounts on the go.

Risl employs advanced execution models, including ECN (Electronic Communication Network) and STP (Straight Through Processing), to ensure fast and efficient trade execution. The broker's servers are strategically located in major financial centers to minimize latency and enhance trading performance.

For clients interested in algorithmic trading, Risl provides API access, allowing traders to connect their trading systems directly to the broker's infrastructure for automated trading.

5. Account Types and Trading Conditions

Risl Broker offers a variety of account types to cater to different trading needs and preferences. The standard account conditions are as follows:

  • Minimum Deposit: $100
  • Spread: Starting from 1.0 pips on major currency pairs
  • Commission: $0 on standard accounts

For more experienced traders, Risl provides VIP and professional accounts with enhanced features, including lower spreads and additional trading tools. The broker also offers Islamic accounts, ensuring that traders who adhere to Sharia law can trade without incurring interest charges.

Risl encourages traders to practice their strategies through its demo account policy, allowing new clients to familiarize themselves with the trading environment without risking real capital. The broker offers leverage up to 1:500, depending on the account type and trading instrument, enabling traders to maximize their potential returns.

6. Fund Management

Risl Broker supports a variety of deposit methods, ensuring convenience for its clients. Accepted deposit methods include:

  • Bank Transfers
  • Credit/Debit Cards
  • E-Wallets: Such as PayPal and Skrill

The minimum deposit requirement varies based on the account type, starting as low as $100. Deposits are typically processed within 24 hours, allowing clients to begin trading swiftly.

Risl does not charge any deposit fees, making it cost-effective for traders to fund their accounts. Withdrawal options include bank transfers, credit cards, and e-wallets, with processing times ranging from 1 to 3 business days.

The broker maintains a transparent fee structure, with no hidden charges for withdrawals. Clients are advised to check the specific withdrawal fees applicable to their chosen method, as these may vary.

7. Customer Support and Educational Resources

Risl Broker prides itself on providing excellent customer support through various channels, including:

  • Phone Support
  • Email Support
  • Live Chat
  • Social Media

The support team operates during business hours, covering multiple time zones to assist clients worldwide. Risl offers support in several languages, including English, Spanish, and Mandarin, catering to its diverse client base.

To empower its clients, Risl provides a wealth of educational resources, including:

  • Webinars: Covering various trading topics and strategies.
  • Tutorials: Step-by-step guides on using trading platforms and tools.
  • E-books: In-depth resources on trading psychology, risk management, and market analysis.

Additionally, Risl offers market analysis services, providing daily insights, news updates, and research reports to help clients make informed trading decisions. The broker also supplies various trading tools, including calculators and economic calendars, to support its traders.

8. Regional Coverage and Restrictions

Risl Broker primarily serves clients in North America, Europe, and Asia, with regional offices located in key financial centers. The broker has established a strong presence in these markets, enabling it to cater to the unique needs of traders in different regions.

However, Risl does not accept clients from certain jurisdictions due to regulatory restrictions, including:

  • United States: Due to specific regulatory requirements.
  • Iran: In compliance with international sanctions.
  • North Korea: Due to regulatory restrictions.

Risl is committed to adhering to all relevant regulations and maintaining a compliant operational framework, ensuring a secure trading environment for its clients.

In conclusion, Risl Broker stands out as a reliable forex broker, offering a comprehensive range of trading products, robust platforms, and excellent customer support. With its commitment to regulatory compliance and client satisfaction, Risl is well-positioned to serve both retail and institutional traders in the global financial markets.

RISL Forex Broker has an overall rating of 1.55, Regulatory Index 0.00, License Index 0.00, Business Index 7.34, Software Index 4.00 Risk Control Index 0.00.