RAHAT Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
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I use RAHAT for all my stock and commodity transactions. It’s easy and fast and not to forget very safe. Customer service has been very helpful and always has an extremely friendly attitude to the clients.
Summary: Rahat, a forex brokerage based in Pakistan, has garnered mixed reviews from users and experts alike. While some appreciate its customer support and execution speed, concerns about its regulatory status and platform limitations persist. Notably, the brokerage operates without significant regulation, which is a crucial factor for potential traders to consider.
Note: It is important to recognize that Rahat operates in different jurisdictions, and the lack of comprehensive regulation may pose risks. This review aims for fairness and accuracy by presenting a balanced perspective based on multiple sources.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4.0 |
| Tools and Resources | 5.0 |
| Customer Service and Support | 6.0 |
| Trading Experience | 4.5 |
| Trustworthiness | 3.0 |
| User Experience | 5.0 |
We rate brokers based on user feedback, expert opinions, and factual data gathered from multiple sources.
Founded in 1995, Rahat is a Pakistan-based brokerage firm that primarily offers forex and CFD trading services. The company is headquartered at 4, Saint John Building, Aziz Bhatti Road, Lahore Cantt. Despite its long-standing presence in the market, Rahat has faced criticism for its lack of proper regulation. It does not support popular trading platforms like MetaTrader 4 or MetaTrader 5, which are preferred by many traders. Instead, it provides access to various financial instruments, including forex, commodities, and indices.
Rahat's operations are currently unregulated, which raises concerns among potential traders. According to sources like PediaFX, traders are advised to exercise caution when considering opening accounts with Rahat due to its unregulated status and limited trading options.
Rahat operates primarily in Pakistan and has limited recognition in other international markets. The absence of robust regulatory oversight can deter potential clients who prioritize safety and security in their trading environments.
The brokerage allows deposits and withdrawals primarily in Pakistani Rupees (PKR), with no mention of supporting cryptocurrencies. This limitation can affect traders who prefer using digital currencies for transactions.
While specific information about the minimum deposit requirement is not consistently reported, sources suggest that Rahat may have competitive minimums compared to other local brokers.
Rahat does not prominently feature any bonuses or promotional offers, which may be a disadvantage for traders looking for incentives to open accounts.
Rahat provides access to various asset classes, including forex pairs, commodities, and indices. However, the range of available instruments may be limited compared to other well-regulated brokers.
The cost structure is another area of concern. While specific spreads are not consistently reported, some sources indicate that Rahat may have higher spreads compared to more established brokers. Additionally, the absence of clear information on commissions may lead to unexpected costs for traders.
Rahat offers leverage, but specific ratios are not detailed in the available reviews. Traders should inquire directly with the broker to understand the leverage options available.
The lack of support for popular trading platforms like MT4 or MT5 is a significant drawback for many traders. This limitation may hinder the trading experience for those accustomed to advanced trading tools and features.
While Rahat primarily serves clients in Pakistan, the absence of regulatory oversight may limit its appeal to international traders. Specific restrictions on regions are not clearly defined in the available sources.
Rahat offers customer support primarily in Urdu and English. The quality of customer service has received mixed reviews, with some users praising the responsiveness while others express concerns about the overall effectiveness of support.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4.0 |
| Tools and Resources | 5.0 |
| Customer Service and Support | 6.0 |
| Trading Experience | 4.5 |
| Trustworthiness | 3.0 |
| User Experience | 5.0 |
Account Conditions (4.0/10): The account conditions at Rahat are generally not competitive compared to other brokers. The lack of a clear minimum deposit requirement and limited account types may deter potential clients.
Tools and Resources (5.0/10): While Rahat offers basic trading tools, it lacks advanced features commonly found in more established brokerages. The absence of MT4 or MT5 is a significant drawback.
Customer Service and Support (6.0/10): Customer support has received mixed feedback. Some users report positive experiences with quick response times, while others have expressed frustration with the quality of assistance provided.
Trading Experience (4.5/10): The trading experience at Rahat may not meet the expectations of more experienced traders, particularly due to the lack of advanced trading platforms and tools.
Trustworthiness (3.0/10): The unregulated status of Rahat significantly impacts its trustworthiness. While it has been in operation for a long time, the absence of regulatory oversight raises concerns about the safety of client funds.
User Experience (5.0/10): User experience is average, with some users appreciating the platform's simplicity, while others find it lacking in features and functionality.
In conclusion, while Rahat may appeal to some local traders in Pakistan, its lack of regulation, limited trading options, and absence of popular trading platforms may deter more experienced traders. Potential clients should conduct thorough research and consider the risks associated with trading with an unregulated broker.
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