Ruizean foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://ruizean.com/, about the company's legal and temporary regulatory information, the company's address .
Ruizean Forex Broker
Basic information
Australia
5-10 years Suspicious Regulatory License Suspicious Scope of Business Australia Appointed Representative(AR) Revoked Suspicious Overrun High potential riskCompany profile
Note: Ruizean's official website - https://ruizean.com/ is currently inaccessible normally.
Ruizean Review SummaryRuizean was registered in Australia in 2014, offering trading in Forex and CFDs with leverage up to 1:400 and spread floating around 0.1 pips on the Standard account via the MT4 platform. Demo accounts are available and the minimum deposit requirement to open a live account is as high as 200 USD. Besides, their ASIC license is a suspicious clone.
Pros and Cons
| Pros | Cons |
| Support demo account | Unavailable website |
| Commission-free account offered | Regulatory issues |
| Low spreads | High minimum deposit |
| Support MT4 | Limited payment options |
Is Ruizean Legit?
No, Ruizean currently has no valid regulations. It only holds revoked and suspicious clone ASIC licenses.
What Can I Trade on Ruizean?
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type/Fees
| Account Type | Min Deposit | Spread | Commission |
|---|---|---|---|
| Standard | $200 | From 1.8 pips | ❌ |
| Pro | From 0.1 pips | $3.5 per lot for currency pairs only, no commission for transactions involving Metals or CFDs |
Leverage
Ruizean offers leverage up to 1:400 for both account types, which can potentially bring high returns, but it also comes with high risks.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
Ruizean primarily facilitates deposits via wire transfers, and the minimum initial deposit required to open an account with Ruizean is set at $200.
BOSS85927
New Zealand
After months of waiting for this company to accept my withdrawal request which they denied, they locked my account and stopped responding to my emails. It seems that Ruizean has intentionally kept people out of their accounts for hideous purposes. They should know that the people are outraged and we are coming for them!
Neutral
2023-03-15