ROSTONES Forex Broker

Aspect Information Company Name Rostones Registered Country/Area New Zeland Founded Year 2018 Regulation Unregulated Minimum Deposit $10 Spreads As low as 0 Trading Platforms MT4,MT5 Tradable Assets Forex,commodities,cryptocurrencies Demo Account Available Customer Support Phone, email, social media Deposit & Withdrawal Debit card,credit card,bank transfer Overview of ROSTONES Rostones, established in 2018 and registered in New Zealand, is a trading platform offering users the ability to engage in transactions involving various tradable assets such as Forex, commodities, and cryptocurrencies. While the firm allows a very accessible entry point with a minimum deposit of just $10 and provides the versatility of using either the MT4 or MT5 trading platforms, it notably operates without regulatory oversight. Offering different mediums like phone and email for customer support, the platform also facilitates a straightforward mechanism for deposit & withdrawal through debit cards, credit cards, and bank transfers. Furthermore, it extends the option of a demo account for users to acquaint themselves with the platform without financial risk. Is ROSTONES Legit or a Scam？ Rostones operates without regulatory oversight, which is a point of significant concern when it comes to the security of traders funds and the integrity of trades. Regulation in the financial trading space is paramount to ensure that companies adhere to certain standards and protocols designed to protect investors. Unregulated platforms such as Rostones often present a high-risk environment where traders lack the typical assurances and recourse provided by regulatory bodies. Pros and Cons Pros: Diverse Tradable Assets: Traders have access to a variety of markets, including Forex, commodities, and cryptocurrencies. Accessible Entry Point: With a minimum deposit requirement of just $10, Rostones makes trading accessible to a wide array of investors. Advanced Trading Platforms: The offering of MetaTrader 4 and 5 (MT4/MT5) provides users with established and comprehensive trading platforms renowned for their analytical capabilities. Low Spreads: The provision of spreads “as low as 0” suggests competitive trading conditions which could potentially enhance trading profitability. Demo Account Availability: New users can take advantage of the demo account to practice trading strategies without risking real capital. Cons: Lack of Regulation: The absence of regulatory compliance presents a high-risk factor and potential safety concerns for traders funds. Limited Account Types: The availability of only personal account types might limit the options for different trading needs and strategies. Potential Credibility Issues: Operating without regulatory oversight in the trading industry can elicit skepticism regarding the legitimacy and reliability of the platform. Customer Support Scope: While customer support is available via phone and email, the absence of live chat or 24/7 support may limit the immediacy of assistance during critical trading moments. Risk of Financial Loss: The inherent risk associated with trading unregulated platforms and the speculative nature of Forex and cryptocurrency trading could lead to significant financial loss. Pros Cons Diverse Tradable Assets Lack of Regulation Accessible Entry Point Limited Account Types Advanced Trading Platforms Potential Credibility Issues Low Spreads Customer Support Scope Demo Account Availability Risk of Financial Loss Market Instruments Rostones offers trading in a variety of market instruments, which we can categorize as follows: Forex (Foreign Exchange): Major Pairs: Likely includes widely traded pairs such as EUR/USD, GBP/USD, and USD/JPY. Minor Pairs: May comprise less traded pairs that do not include the USD, such as EUR/GBP or EUR/AUD. Exotic Pairs: Potentially includes currency pairs from emerging or smaller markets, like USD/SGD or EUR/ZAR. Commodities: Precious Metals: May involve trading in gold, silver, and other metals, which often act as safe-haven assets. Energy Commodities: Might allow trading in oil, natural gas, and other energy sources. Agricultural Commodities: Could include tradable assets like coffee, soybeans, or wheat. Cryptocurrencies: Major Cryptocurrencies: Likely involves widely known digital currencies like Bitcoin (BTC) and Ethereum (ETH). Altcoins: May offer a variety of alternative coins like Ripple (XRP), Litecoin (LTC), and more. Tokens: Could enable trading in various cryptocurrency tokens obtained from Initial Coin Offerings (ICOs) or established on decentralized finance (DeFi) platforms. Account Types Rostones offers a Personal Account type, notable for its low $10 minimum deposit and accessibility to a variety of traders. Users can navigate various market instruments, including Forex, commodities, and cryptocurrencies, utilizing the robust MT4 and MT5 trading platforms. Despite the offered support via phone and email, traders must approach with caution due to the platform's unregulated status, ensuring thorough evaluation and prudent trading practices on the platform. How to Open an Account？ Heres a generalized 5-step guide in Rostones: Visit the Website: Navigate to the Rostones website using your preferred web browser. Registration:Locate and click on the “Sign Up” or “Register” button, typically found on the home page.Fill out the registration form with required details such as name, email address, phone number, and create a password. Verify Your Identity:To comply with standard KYC (Know Your Customer) procedures, submit the necessary documents for identity verification, which might include a government-issued ID, a utility bill, or other documents proving your identity and residence. Deposit Funds:Once your account is verified, navigate to the “Deposit” section.Choose your preferred deposit method (debit card, credit card, bank transfer) and follow the on-screen instructions to add funds to your account. Be mindful of the $10 minimum deposit requirement. Start Trading:After the funds are credited to your account, select the market instruments you wish to trade.Utilize the MT4 or MT5 trading platforms to analyze markets, execute trades, and manage your investment portfolio. Spreads &Commissions Rostones offers spreads as low as 0. In trading, spreads, which are the difference between the bid and ask price of an asset, can be a vital factor in determining the cost-effectiveness of a platform. Low or zero spreads are often marketed to attract traders looking for the most cost-effective trading conditions. However, it's essential to note that in many instances, platforms with low or zero spreads may compensate by applying commissions on trades or incorporating other fees. Considering Rostones is unregulated, potential users should proceed with caution and thoroughly inspect the platform's fee structure, exploring the actual application of spreads and any possible commissions or hidden charges in various trading scenarios. Trading Platform Rostones utilizes the widely acknowledged MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are renowned for their robust functionality and user-friendly interface across the trading community. Both platforms cater to various trader needs, providing a plethora of trading and analysis tools. MetaTrader 4 (MT4): User Experience: MT4 is recognized for its intuitive interface, catering to both novice and experienced traders. Technical Analysis: Offers a comprehensive suite of technical analysis tools, including numerous indicators and charting capabilities. Automated Trading: Allows traders to implement automated trading strategies using Expert Advisors (EAs). Customization: Traders can customize charts and indicators to tailor the platform to their individual trading style and preferences. MetaTrader 5 (MT5): Advanced Features: MT5 brings in more technical indicators, chart timeframes, and analytical tools compared to its predecessor. Multi-Asset Trading: Facilitates access to additional markets, potentially including stocks and commodities, providing a wider trading scope. Economic Calendar: Features an integrated economic calendar to keep traders informed about significant economic events and indicators. Enhanced Charting: Offers an improved charting experience with more indicators and timeframes for comprehensive technical analysis. Both platforms enable Rostones traders to navigate the trading environment of Forex, commodities, and cryptocurrencies, providing a blend of analytical tools and automated trading capabilities. However, traders should note the lack of regulatory oversight of Rostones and proceed with caution, ensuring adequate due diligence and risk management while utilizing these platforms for trading activities. Deposit & Withdrawal Rostones sets a notably low barrier for entry, necessitating a minimum deposit of merely $10 to kickstart trading activities on their platform. However, the intricacies enveloping the mechanisms and policies of deposits and withdrawals are not deeply detailed. Mention of utilizing debit/credit cards and bank transfer for transactions has been made, yet crucial particulars concerning the duration of processing times, potential fees attached to transactions, and additional payment avenues are not clearly outlined. A clear, transparent, and straightforward process in managing financial transactions, especially in the spheres of deposits and withdrawals, is essential to ensure smooth trading journeys and to shield traders from unforeseen impediments or complications. Consequently, individuals contemplating trading on Rostones are advised to meticulously investigate the platform‘s policies regarding deposits and withdrawals, either through in-depth scrutiny of their official website or via direct communication with their customer support, bearing in mind the platform’s unregulated status as a pivotal consideration. Customer Support Rostones offers several channels for customer support, targeting especially Chinese-speaking clientele with a dedicated contact number (4009317188) and a QQ contact (3097365308). Additional inquiries can be directed to their email address, info@rostonesfx.com. Although these channels provide varied avenues for communication, traders are advised to approach with caution due to the platform's unregulated status and ensure thorough research by visiting their official websites (http://www.rostones.com/ and http://www.rostonefx.com/) for more in-depth information. Conclusion Rostones, an unregulated trading platform registered in New Zealand, provides a variety of market instruments and utilizes popular trading platforms MT4 and MT5, catering especially to a Chinese-speaking clientele through dedicated contact avenues. While the low minimum deposit of $10 and varied communication channels might appeal to various traders, the lack of regulatory oversight necessitates an extra layer of caution and due diligence from potential users. Engaging in thorough research and employing cautious trading practices are imperative when navigating through the offerings of Rostones. FAQs Q: What is the minimum deposit required to start trading with Rostones？ A: The minimum deposit required to begin trading with Rostones is $10. Q: How can I contact Rostones customer support？ A: You can reach Rostones customer support via phone (for Chinese speakers) at 4009317188, through QQ at 3097365308, or via email at info@rostonesfx.com. Q: Which trading platforms are available on Rostones？ A: Rostones provides its users with the MT4 and MT5 trading platforms. Q: Can I open a demo account with Rostones？ A:Yes, Rostones offers a demo account for potential and existing traders to explore their trading platform without risking real capital. Q: What are the available methods for deposit and withdrawal？ A: Rostones allows users to conduct financial transactions (deposits and withdrawals) using debit cards, credit cards, and bank transfers.