Ruiz Capital FX Forex Broker

Note: Ruiz Capital FX's official website: https://www.ruizfx.com/ is currently inaccessible normally.Ruiz Capital FX Review SummaryFounded2011Registered Country/RegionChinaRegulationNo RegulationMarket InstrumentsStocks, futures, crude oil, gold, Bitcoin, currencies, etc.Demo Account✅Leverage1:100 - 1:500SpreadFrom 0.0 pipsTrading PlatformFX6 trading platformMin Deposit/Customer SupportEmail: support@ruizfx.comAddress: 96 WADSWORTH BLVD NUM 127-3255 LAKEWOOD, CO 80226 U.S.A Ruiz Capital FX is a brokerage firm that was founded in 2011 in China. It offers various market instruments such as stocks, futures, crude oil, gold, Bitcoin, and currencies. The company claims to provide some protection measures, however, Ruiz Capital FX is an unregulated broker. Ruiz Capital FX offers two types of accounts: FX6 accounts and demo accounts via the FX6 trading platform.Pros and ConsPros Cons A range of trading instrumentsNon-functional websiteDemo accounts availableNot regulatedFlexible leverage ratiosNo MT4/5Unclear trading conditions (minimum deposit, funding methods, commission)Limited communication channels (Email only)Is Ruiz Capital FX Legit? Ruiz Capital FX claims to offer some protection measures such as segregation of accounts and operating under U.S. financial institutions. They also mention the Investment Compensation Fund (ICF) that would compensate clients in the event of bankruptcy or failure to meet commitments. However, Ruiz Capital FX currently has no valid regulation. This means that there will be a higher risk of scams. Moreover, its domain has not even been registered yet.What Can I Trade on Ruiz Capital FX? Ruiz Capital FX provides Stocks, futures, crude oil, gold, Bitcoin, currencies, etc.Tradable Instruments Supported Stocks✔Futures✔Crude oil✔Gold✔Bitcoin✔Currencies✔Indices❌Bonds❌Options❌ETFs❌Account Type Ruiz Capital FX offers two types of accounts: FX6 accounts and demo accounts.Leverage The leverage offered by Ruiz Capital FX ranges from 1:100 to 1:500. Leverage refers to the amount of borrowed funds that a trader uses to enter a position. In this case, for every dollar the trader invests, they can trade up to $500 in market value. However, note that high leverage also comes with high risk.Spread and Commission Ruiz Capital FX claims to offer spreads starting from 0.0 pips. As for commissions, there is no explicitly mention of any commission charges. Commission charges are usually applied in addition to the spreads, and they can vary depending on the broker and the market being traded.Trading PlatformTrading PlatformSupported Available Devices Suitable for FX6 trading platform✔Web/MT4❌/BeginnersMT5❌/Experienced traders