Company profile
Rynat Review SummaryFounded2015Registered Country/RegionCyprusRegulationCyprus (CySEC, License No. 303/16)Products and servicesReception and transmission of orders, execution of orders, dealing on own accountDemo Account/Leverage/SpreadTight spreads, lower than 1 pipTrading PlatformXTrend App (iOS & Android), XTrend Forum (Web-based)Min Deposit$50Customer SupportAddress: 18, Monis Machera Street, 4th Floor Office 401, P.O. Box 51217, Limassol, CyprusPhone: +357 25 258 020Fax: +357 25 258 039E-mail: info@rynattrading.com, compliance@rynattrading.comRynat Information Providing safe and open financial services, Rynat Trading LTD is a broker with Cyprus headquarters run under CySEC. It fits both beginners and experienced traders with tight spreads, a modest minimum deposit of $50, and access to the XTrend Forum for social trading.Pros and ConsPros Cons Regulated by CySECNo mention of demo or Islamic accountsTight spreads (below 1 pip)Limited leverage informationSocial trading via XTrend ForumLimited trading instruments informationIs Rynat Legit? Under Cyprus Securities and Exchange Commission (CySEC), Rynat Trading Ltd is a licensed financial firm. Licensing number 303/16 denotes a Market Making (MM) license. Since June 30, 2016, the company has been under supervision to guarantee adherence to CySEC guidelines.What Can I Trade on Rynat? Rynat Trading Ltd, authorized by CySEC, provides the following investment services: reception and transmission of orders, execution of orders on behalf of clients, and dealing on its own account.Account Types Serving traders of all stripes, the broker presents one portfolio with a minimum deposit starting at $50. The accounts have negative balance protection, tight spreads (below 1 pip) and one-click operation. Although the site offers cheap investment starting at $10/lot and gives access to the XTrend Forum for social trading and community involvement, there is no reference of Demo or Islamic accounts. These characteristics make the accounts fit for both new and seasoned traders.Rynat Fees With tight spreads starting at less than 1 pip, which is below industry standards and advantageous for traders, Rynat Trading LTD provides low costs.Trading PlatformTrading PlatformSupported Available Devices Suitable for what kind of tradersXTrend App✔iOS and Android (App Store, Google Play)Mobile traders looking for social trading and convenienceXTrend Forum✔Accessible via the webTraders seeking social trading and networking opportunitiesDeposit and Withdrawal The broker does not mention whether it charges deposit or withdrawal fees. The minimum deposit amount is $50.Payment ProviderMin. DepositRegulatory AuthorityEcommBX Ltd$50Authorised by the Central Bank of Cyprus (CBC)Klarna Bank AB (Sofort)$50Authorised by the Swedish Financial Supervisory Authority (SFSA)Paypal (Europe) S.à r.l. et Cie, S.C.A.$50Authorised by the Commission de Surveillance du Secteur Financier (CFSSF)Paysafe Financial Services Limited (Neteller)$50Authorised by the Financial Conduct Authority (FCA)SafeCharge Ltd$50Authorised by the Central Bank of Cyprus (CBC)Skrill Limited$50Authorised by the Financial Conduct Authority (FCA)Credorax Bank Limited$50Authorised by the Malta Financial Services Authority (MFSA)
FX1046772946
Venezuela
I saw this company's advert and wanted to check it out but found that they don't provide MT4 or MT5 platform. Personally, I don't want to waste time getting used to a new platform that I don't know is good or bad. Who knows if this will be a waste of time effort?
Neutral
2022-11-25