Ronin Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
Business
Risk Control
Good Performance. It's nice investing my capital here. I have great for this company for the financial assistance they have given me. Five stars for your guys and thank you very much!
In this comprehensive review of Ronin, we dissect the strengths and weaknesses of this forex brokerage, based on various sources. Overall, Ronin is presented as a regulated broker with a solid reputation, yet concerns linger regarding its customer service and trading conditions.
Note: It is essential to recognize that Ronin operates under different entities across regions, which may affect user experiences and regulatory compliance. Our analysis aims to provide a fair and accurate overview based on the available data.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 5 |
| Customer Service and Support | 4 |
| Trading Setup (Experience) | 5 |
| Trustworthiness | 7 |
| User Experience | 6 |
We assess brokers based on user feedback, regulatory compliance, and available resources.
Founded in 2007, Ronin Europe Ltd is a Cyprus-based financial services company regulated by the Cyprus Securities and Exchange Commission (CySEC). The brokerage offers a variety of investment services, including brokerage, portfolio management, and custody services. Ronin provides access to a range of financial instruments, including forex, CFDs, commodities, and indices. However, it does not support popular trading platforms like MT4 or MT5, which may deter some traders.
Regulated Areas/Regions:
Ronin is primarily regulated in Cyprus under CySEC, which is generally considered a reputable regulatory body. However, the effectiveness of regulation can vary, and potential clients should be aware of the varying standards across regions.
Deposit/Withdrawal Currencies/Cryptocurrencies:
While specific information on supported currencies was scarce, it is common for brokers like Ronin to support major currencies such as USD and EUR. However, details about cryptocurrency support were not explicitly mentioned in the sources.
Minimum Deposit:
The minimum deposit required to open an account with Ronin was not clearly specified across the sources. This lack of transparency may be a concern for potential clients.
Bonuses/Promotions:
Ronin does not appear to offer any bonuses or promotional incentives, which is a common practice among many brokers to attract new clients.
Tradable Asset Classes:
Ronin offers access to various asset classes, including forex, CFDs, commodities, and indices. However, the absence of cryptocurrencies could limit its appeal to a broader audience.
Costs (Spreads, Fees, Commissions):
The specifics regarding spreads and commissions were not detailed, but general feedback indicated that users found the cost structure to be somewhat opaque. This lack of clarity can be a red flag for potential traders.
Leverage:
Leverage options were not explicitly mentioned in the sources, but it is common for brokers to offer varying levels of leverage based on regulatory guidelines.
Allowed Trading Platforms:
Ronin does not support the widely used MT4 or MT5 platforms, which could be a significant drawback for traders accustomed to these platforms. Instead, it offers its proprietary web-based trading platform.
Restricted Regions:
While specific restrictions were not outlined, traders should be cautious and verify whether their country of residence allows trading with Ronin, especially considering its regulatory framework.
Available Customer Service Languages:
Ronin provides customer support in English, which may limit accessibility for non-English speakers. Users reported mixed experiences with customer service responsiveness, with some stating that wait times were longer than expected, impacting their overall experience.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 5 |
| Customer Service and Support | 4 |
| Trading Setup (Experience) | 5 |
| Trustworthiness | 7 |
| User Experience | 6 |
Account Conditions (6/10):
Ronin's account conditions are average, with no clear minimum deposit requirements stated. The lack of bonuses may deter new traders looking for an incentive to start trading.
Tools and Resources (5/10):
The brokerage provides basic trading tools but lacks advanced resources that many traders expect from a modern brokerage.
Customer Service and Support (4/10):
User feedback indicates dissatisfaction with customer service, including long wait times and a lack of support during critical trading moments. This aspect is crucial for traders needing timely assistance.
Trading Setup (5/10):
The trading experience is satisfactory but not exceptional, primarily due to the absence of popular trading platforms like MT4 or MT5.
Trustworthiness (7/10):
Ronin is regulated by CySEC, which adds a layer of trust. However, the mixed reviews regarding customer service and trading conditions raise some concerns.
User Experience (6/10):
Overall user experiences vary, with some traders reporting positive interactions while others express frustration, particularly with customer service.
In conclusion, the Ronin review indicates that while this broker offers a regulated environment and access to various asset classes, potential clients should weigh the mixed reviews regarding customer service and trading conditions. By understanding these factors, traders can make informed decisions about whether Ronin aligns with their trading needs.
