The Ridge 2025 Review: Everything You Need to Know
In this comprehensive review of The Ridge, we delve into the broker's offerings, user experiences, and the overall reputation it has garnered in the forex trading community. Despite appearing to provide a variety of trading options, multiple sources indicate significant concerns regarding its regulatory status and user experiences, particularly related to withdrawal issues and customer support.
Note: It's crucial to be aware of the different entities operating under the name "The Ridge." This review aims for fairness and accuracy by considering various perspectives from different sources.
Rating Overview
How We Rate Brokers: Our ratings are based on a comprehensive analysis of user feedback, expert opinions, and factual data regarding services offered.
Broker Overview
Founded in 2008, The Ridge is a forex broker headquartered in Ukraine. It provides access to popular trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Users can trade a variety of assets, including forex pairs, commodities, indices, and cryptocurrencies. However, a significant drawback is that The Ridge operates without valid regulation, which raises serious concerns about the safety of clients' funds.
Detailed Analysis
Regulatory Status
The Ridge is currently unregulated, which is a major red flag for potential investors. According to multiple sources, including WikiFX, the broker has a score of only 1.95 out of 10, indicating high risk. The lack of oversight means that there is no regulatory body to turn to in case of disputes, making it imperative for traders to exercise caution.
Deposit and Withdrawal Options
The Ridge allows deposits via wire transfers, USDT, and various payment gateways. The minimum deposit is relatively low, starting at $10 for a standard account and $100 for an ECN account. However, numerous reports indicate significant issues with withdrawals, with many users claiming they faced delays or outright refusals to withdraw their funds. This has been a consistent complaint across various reviews, further highlighting the broker's lack of reliability.
Trading Costs
The Ridge offers competitive spreads, with the standard account featuring floating spreads starting at 1.0 pip and the ECN account offering spreads from 0.1 pips. While these figures may seem attractive, the absence of transparency regarding additional fees and commissions raises concerns. Furthermore, the potential for hidden costs could impact overall trading profitability.
Leverage
The leverage offered by The Ridge can go up to 1:100. While this may appeal to traders looking to maximize their returns, it also increases the risk of significant losses. The conservative leverage may not suit more aggressive trading strategies, which could deter certain traders.
The Ridge provides access to both MT4 and MT5, which are well-regarded platforms in the trading community. These platforms offer various features, including customizable templates, multiple timeframes, and technical indicators. However, the lack of a demo account is a limitation for new traders looking to practice before committing real funds.
Customer Support
Customer support for The Ridge has received poor reviews, with many users reporting slow response times and inadequate assistance. This lack of support can be particularly frustrating for traders, especially those facing issues with withdrawals or technical difficulties.
User Experience
Overall user experiences with The Ridge have been mixed to negative. Many traders have expressed dissatisfaction with the broker's handling of withdrawal requests and customer service. According to reports, some users have described the platform as a "fraud" and have urged others to avoid it.
Conclusion
In summary, The Ridge presents itself as a forex broker with various trading options and low entry barriers. However, the significant concerns regarding its regulatory status, withdrawal issues, and customer support cannot be overlooked. As highlighted in this The Ridge review, potential traders should carefully consider these factors before opening an account.
If you're exploring options for forex trading, it may be prudent to look for brokers with established regulatory oversight and a more positive reputation in the trading community. Always conduct thorough research and ensure that your funds are protected before engaging with any broker.
