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RuiXin Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!

RuiXin Broker Review

1.52

WikiFX monitor

Business

Influence E

License

No license

RuiXin Review 1

Latest All(1) Exposure(1)
Exposure
The Ponzi Scheme conned clients constantly.

There was no regulation, isolated account or real trading with this platform. The market was manipulated by domestic trader.

正48950
2020-06-27

  

Ruixin 2025 Review: Everything You Need to Know

  In 2025, Ruixin, a relatively new entrant in the forex brokerage arena, has garnered significant attention, both positive and negative. This review synthesizes various perspectives on Ruixin, highlighting its operational features, user experiences, and the potential risks associated with trading on this platform. Key features include the absence of regulation and a concerning reputation for potential scams, which raises red flags for prospective traders.

  

Note

  It's important to recognize that Ruixin operates under different entities across regions, which can significantly impact user experiences and regulatory oversight. This review aims to provide a balanced view based on available data, ensuring fairness and accuracy in evaluating Ruixin.

  

Rating Box

Category Rating (out of 10)
Account Conditions 3
Tools and Resources 4
Customer Service and Support 2
Trading Setup (Experience) 3
Trustworthiness 1
User Experience 2
Additional Features 3

  We rate brokers based on a comprehensive analysis of user feedback, expert opinions, and factual data.

  

Broker Overview

  Founded in 2021, Ruixin operates as a forex brokerage primarily targeting clients in Asia, particularly China. The platform offers trading through popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, providing access to various asset classes, including forex pairs, commodities, and CFDs. However, it is crucial to note that Ruixin lacks any valid regulatory oversight, which is a significant concern for potential traders.

  

Detailed Sections

  

Regulatory Environment

  Ruixin operates in regions with varying regulatory frameworks, but notably, it does not hold any valid licenses from recognized regulatory bodies. This absence of regulation is a major red flag, as highlighted by multiple sources indicating high potential risks associated with trading on this platform. According to a review on WikiFX, Ruixin is flagged for having no valid regulatory information, indicating a lack of accountability and oversight [source: WikiFX].

  

Deposit/Withdrawal Currencies and Cryptocurrencies

  The platform primarily supports deposits and withdrawals in major currencies, including USD and CNY. However, specific details regarding cryptocurrency support are sparse, and users should approach this aspect with caution given the lack of transparency in Ruixin's operations.

  

Minimum Deposit

  The minimum deposit required to open an account with Ruixin is reported to be around $200, which is relatively standard in the industry. However, the lack of a clear regulatory framework raises concerns about the safety of the deposited funds.

  

Bonuses/Promotions

  Ruixin has been noted to offer various promotional incentives to attract new clients. However, caution is advised, as many brokers with aggressive promotional strategies may be attempting to lure clients into potentially risky trading environments. According to user feedback, such bonuses might come with hidden conditions that complicate withdrawals [source: Scoop Worlds].

  

Tradeable Asset Classes

  Traders on Ruixin can access a range of asset classes, including forex pairs, commodities, and CFDs. While the diversity of instruments may appeal to some traders, the lack of regulation and transparency raises concerns about the integrity of these trading options.

  

Costs (Spreads, Fees, Commissions)

  The trading costs associated with Ruixin are not clearly defined in the available reviews. However, users have reported experiencing high spreads and hidden fees, which can significantly impact trading profitability. According to Scoop Worlds, the broker has received low scores for its cost transparency, which is a critical factor for traders to consider [source: Scoop Worlds].

  

Leverage

  Leverage options provided by Ruixin are typical of the industry, allowing traders to amplify their positions. However, the risks associated with high leverage cannot be overstated, especially in an unregulated environment where market manipulation may occur.

  

Allowed Trading Platforms

  Ruixin supports trading on both MT4 and MT5 platforms, which are widely recognized for their robust features and user-friendly interfaces. However, the overall trading experience may be compromised by the lack of regulatory oversight and potential issues with order execution.

  

Restricted Regions

  While specific information about restricted regions is limited, the absence of a regulatory framework suggests that Ruixin may not be available in regions with stringent trading regulations, such as the United States or Europe.

  

Available Customer Service Languages

  Customer support at Ruixin appears to be limited, with reports indicating that assistance may not be readily available or effective. This lack of reliable customer service is a significant drawback for traders who may need support during trading activities.

  

Reiterated Rating Box

Category Rating (out of 10)
Account Conditions 3
Tools and Resources 4
Customer Service and Support 2
Trading Setup (Experience) 3
Trustworthiness 1
User Experience 2
Additional Features 3

  

Detailed Breakdown

  • Account Conditions: The lack of regulation and potential for high fees significantly detracts from the account conditions offered by Ruixin.
  • Tools and Resources: While MT4 and MT5 provide robust trading tools, the overall support for traders is lacking, leading to a lower score.
  • Customer Service and Support: User experiences highlight a significant gap in customer support, which is critical for traders.
  • Trading Setup: The trading experience is marred by concerns regarding order execution and the potential for market manipulation.
  • Trustworthiness: The absence of regulatory oversight and numerous warnings about potential scams contribute to a very low trust rating.
  • User Experience: Overall user experiences have been negative, with many users reporting difficulties in withdrawing funds and accessing reliable support.
  •   In conclusion, while Ruixin presents itself as a forex trading platform with attractive features, the overwhelming consensus from reviews indicates significant risks associated with trading on this platform. The lack of regulation, combined with negative user experiences, makes it crucial for potential traders to exercise extreme caution and consider alternative, more reputable trading options.

RuiXin review