RM Investment Bank foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://my.rmib.com/en/register/, about the company's legal and temporary regulatory information, the company's address Unit 6(B),Level 6, Main Office Tower, Financial Park Complex, Jalan Merdeka, 87000, Labuan F.T..
RM Investment Bank Forex Broker
Basic Information
Malaysia
5-10 years Suspicious Regulatory License White label MT4 White label MT5 Global Business Malaysia Straight Through Processing (STP) Revoked High potential riskCompany profile
Rating Index
Bank Transfer
Bank Transfer
RM Investment Bank Forex Broker - Complete Information Guide
1. Broker Overview
RM Investment Bank Ltd, established in 2021, is an Asian investment bank headquartered in Labuan, Malaysia, specifically located at Unit 6 (B), Level 6, Main Office Tower, Financial Park Complex, Jalan Merdeka, 87000, Labuan F.T.. The company operates as a private entity and primarily serves clients in the Asian market, offering innovative financial solutions and services.
Since its inception, RM Investment Bank has focused on providing optimal trading conditions through advanced technology. The bank is a member of the Robomarkets Group, which has significantly expanded its operations in the region since opening its regional headquarters in Malaysia in 2019. RM Investment Bank offers a diverse range of services, ensuring that all clients, regardless of their investment experience or amounts, receive high-quality service.
The business model of RM Investment Bank encompasses retail forex trading, institutional services, and a range of investment products. The bank's commitment to innovation and customer satisfaction has positioned it as a competitive player in the financial services industry, making it a noteworthy RM Investment Bank broker.
2. Regulatory and Compliance Information
RM Investment Bank is licensed by the Labuan Financial Services Authority (LFSA) under license number 210138 BI. However, it is essential to note that the bank's Straight Through Processing (STP) license has been revoked, and its market-making license has been flagged as a “suspicious clone,” raising concerns about its regulatory compliance.
The LFSA is responsible for overseeing financial entities operating in the Labuan International Business and Financial Centre (IBFC), ensuring compliance with both local and international standards. Despite its licensing, RM Investment Bank currently faces scrutiny regarding its regulatory status.
The bank implements a client fund segregation policy, ensuring that client funds are kept separate from the bank's operational funds to enhance security. Additionally, RM Investment Bank adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, although specific details about its compliance measures are not extensively documented.
Clients should be aware of the potential risks associated with an unregulated broker, as the absence of a robust regulatory framework can lead to challenges in fund recovery and investor protection.
3. Trading Products and Services
RM Investment Bank offers a wide array of trading products, providing access to over 12,000 financial instruments across various asset classes. The primary offerings include:
- Forex Currency Pairs: RM Investment Bank provides access to 28 major and minor currency pairs, facilitating trading in the highly liquid forex market.
- CFD Products: The bank offers Contracts for Difference (CFDs) on indices, commodities, stocks, and other financial instruments, catering to diverse trading strategies.
- Special Products: RM Investment Bank's R Stockstrader platform enables trading in derivatives of major companies, including those listed in the US and Europe.
- Retail Trading Services: The bank focuses on providing competitive spreads and leverage options for retail clients, enhancing their trading opportunities.
- Institutional Services: While specific details on institutional offerings are limited, the bank aims to cater to institutional clients seeking tailored financial solutions.
- White Label Solutions: RM Investment Bank may provide white-label solutions, although detailed information on this service is not extensively mentioned.
- Asset Management Services: The bank's investment platforms may include options for asset management, though specific service details are not provided.
The bank appears to frequently update its product offerings to meet market demands, ensuring clients have access to a comprehensive range of investment options.
4. Trading Platforms and Technology
RM Investment Bank supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, providing traders with robust tools for analysis and trading. The bank also offers its proprietary trading platforms, including:
- R Webtrader: A web-based platform designed for ease of access and usability across devices, catering to clients who prefer browser trading.
- R Stockstrader: A multi-asset platform that features advanced charting tools and technical analysis capabilities, tailored for stock and CFD trading.
- Mobile Trading Applications: RM Investment Bank provides mobile applications for both iOS and Android, allowing clients to trade on the go.
The bank operates on a Market Making model, which may impact the execution and pricing of trades. The technical infrastructure is supported by servers located in strategic regions to ensure optimal execution speeds and reliability.
Additionally, RM Investment Bank supports API access, enabling automated trading strategies and integration with third-party trading tools, enhancing the trading experience for tech-savvy clients.
5. Account Types and Trading Conditions
RM Investment Bank offers several account types to cater to different trading needs, including:
- Prime Account: Requires a minimum deposit of 100 USD, with spreads starting from 0.0 pips and a competitive commission structure.
- Pro Account: Aimed at regular traders, this account type also has a minimum deposit of 100 USD and offers spreads from 1.3 pips.
- ECN Account: Designed for traders seeking direct market access, with spreads starting from 0.0 pips.
- Islamic Account: A swap-free account tailored for clients adhering to Islamic finance principles.
- Demo Account: Available for clients to practice trading without financial risk, allowing them to familiarize themselves with the trading platforms.
The maximum leverage offered is up to 1:100, which aligns with industry standards. The minimum trade size varies by account type, and the bank applies overnight fees based on market conditions.
6. Fund Management
RM Investment Bank supports various deposit methods, including bank transfers and electronic wallets. Key aspects of its fund management include:
- Minimum Deposit Requirements: The bank requires a minimum deposit of 100 USD for most account types.
- Deposit Processing Time: Deposits via bank transfer may take up to 5 days to process, while electronic wallet deposits are typically faster.
- Deposit Fees: RM Investment Bank does not charge any fees for deposits, promoting a cost-effective trading environment.
- Withdrawal Methods and Limitations: Clients can withdraw funds via bank transfer or electronic wallets, with specific limits and processing times.
- Withdrawal Processing Time: Withdrawals are processed within 1 working day for electronic wallets, while bank transfers may take longer.
- Withdrawal Fees: A 1% fee applies to withdrawals made through certain methods, although the bank offers promotional days with zero withdrawal fees.
The bank's commitment to transparency in its fee structure is a positive aspect for potential clients.
7. Customer Support and Educational Resources
RM Investment Bank provides robust customer support through various channels:
- Support Channels: Clients can reach support via telephone, email, online chat, and social media.
- Service Hours: The customer support team operates around the clock, ensuring assistance is available regardless of time zones.
- Multilingual Support: The bank offers support in multiple languages, catering to its diverse client base.
- Educational Resources: RM Investment Bank provides a range of educational materials, including webinars, tutorials, and e-books to help clients enhance their trading knowledge.
- Market Analysis Services: The bank offers daily market analysis, news updates, and research reports to keep clients informed.
- Trading Tools: Clients have access to various trading tools, including calculators and economic calendars, which are essential for effective trading.
The comprehensive support and educational resources are beneficial for both novice and experienced traders.
8. Regional Coverage and Restrictions
RM Investment Bank primarily serves clients in Asia, with a focus on providing services to various markets in the region. The bank's regional offices are located in Labuan, Malaysia, and Shah Alam, Selangor.
However, certain countries may have restrictions on account openings due to regulatory compliance issues. The specific countries or regions where clients are not accepted are not explicitly listed in the available information. Therefore, potential clients should inquire directly with the bank regarding any restrictions applicable to their location.
In summary, RM Investment Bank presents a wide range of trading products and services, supported by advanced technology and customer service. However, potential clients should carefully consider the regulatory concerns associated with the bank, as it may pose risks to their investments. Overall, RM Investment Bank remains a noteworthy RM Investment Bank broker in the competitive landscape of financial services.
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Latest Reviews
Taraquan
United Kingdom
Very patient and relaxed guys. I felt comfortable being a novice and asking all the questions that came to mind. I feel like I went from novice to beginner with just one call.
Positive
2024-06-21
FX1490436618
Malaysia
I took a shot at this platform, fully aware of the suspicious 'cloned' Market Making license - a bit of a thrill rollercoaster, eh? But man, their 12,000+ financial markets are quite the spectacle; indices, metals, you name it. They've got the freebie vibe going on with no deposit fees and twice a month free withdrawal. Made my pocket lighter by 100 USD for the deposit, and I was ready to ‘Prime’ up the game. Just a nod to their reliable live chat support and their safety measures with segregated accounts. Just be informed, the regulation front seems a bit murky.
37130
2023-12-04
Zutter
South Africa
Hey, RM Investment Bank is the real deal when it comes to payment methods and commission rates! They've got a bunch of different ways to fund your account, so you can choose the one that works best for you. And let me tell you, their commission rates are super competitive, which is great news for your wallet.
Positive
2024-07-18