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Revival Ltd, a forex broker, has garnered mixed reviews in the trading community. While it offers a range of trading instruments and competitive leverage, concerns regarding its lack of regulation and user experiences have raised red flags. This review will delve into the broker's offerings, user feedback, and expert opinions to provide a comprehensive overview.
Note: It is important to highlight that the broker operates under various entities across different regions, which can impact the level of regulation and user experience. Therefore, thorough research is recommended before engaging with any broker.
Category | Rating (out of 10) |
---|---|
Account Conditions | 4 |
Tools and Resources | 5 |
Customer Service and Support | 3 |
Trading Setup (Experience) | 5 |
Trustworthiness | 3 |
User Experience | 4 |
We rate brokers based on user feedback, expert opinions, and factual data collected from various sources.
Revival Ltd does not have a clearly established founding year, indicating it may be relatively new in the market. It operates primarily through the MetaTrader 5 (MT5) platform, which is known for its advanced trading capabilities. The broker offers a diverse range of trading instruments, including over 45 currency pairs, commodities like gold and silver, oil, and various indices. However, it is crucial to note that Revival Ltd lacks regulation from recognized financial authorities, which can be a significant concern for potential traders.
Revival Ltd operates without valid regulatory oversight, which raises concerns about its trustworthiness. According to multiple sources, including WikiFX, the broker has received a low score due to its unregulated status and suspicious scope of business. This lack of regulation can expose traders to higher risks, making it essential to proceed with caution.
Revival Ltd supports various deposit and withdrawal methods, including bank wire transfers, Visa, and Mastercard. However, the absence of cryptocurrency options may limit flexibility for some traders. The minimum deposit required to open an account is reported to be $100, which is relatively accessible compared to other brokers.
The minimum deposit requirement of $100 is competitive within the industry, making it easier for new traders to enter the market. However, some sources indicate that the minimum deposit can vary based on account types, with mentions of higher thresholds in certain contexts.
There is limited information regarding bonuses or promotions offered by Revival Ltd. Traders should be aware that promotional offers can sometimes come with stringent terms and conditions, which may affect withdrawal capabilities.
Revival Ltd provides access to a wide array of tradable assets, including over 45 currency pairs, commodities like gold and silver, oil, and stock indices. This diversity allows traders to build a well-rounded portfolio. However, the absence of cryptocurrencies could be a drawback for those looking to diversify into this rapidly growing asset class.
The broker's cost structure includes spreads starting from 1.0 pips, which is relatively competitive. However, some sources mention higher spreads in certain conditions, indicating that costs can vary based on market conditions and account types. Additionally, the lack of transparency regarding commissions and fees is a concern highlighted by users.
Revival Ltd offers high leverage ratios, with a maximum of 1:500 for currency pairs, 1:200 for metals, and lower ratios for stocks and indices. While high leverage can amplify profits, it also increases the risk of significant losses, making it crucial for traders to use leverage judiciously.
The primary trading platform offered by Revival Ltd is MetaTrader 5 (MT5), which is well-regarded for its user-friendly interface and advanced trading tools. The availability of both desktop and mobile versions enhances accessibility for traders on the go.
Revival Ltd does not provide a comprehensive list of restricted regions, but the absence of regulation may limit its operations in certain jurisdictions. Traders should verify their local regulations before opening an account.
Customer support at Revival Ltd is reportedly limited, with no clear indication of the languages supported. This could pose challenges for non-English speaking traders seeking assistance.
In summary, the Revival Ltd review reveals a broker that offers a range of trading instruments and competitive leverage but is marred by significant concerns regarding its regulatory status and customer support. Potential traders should weigh the benefits against the risks, especially given the lack of regulatory oversight. Conducting thorough research and considering user experiences is vital before making any investment decisions with Revival Ltd.