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Romanov Capital Review – is it scam or safe?

Romanov Capital Review  – is en.romanovcapital.com scam or safe forex broker?

RATING: 2 / 1 REVIEWS ForexBrokerz Romanov Capital
Romanov Capital is an offshore broker. Your money is not safe.

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 Trading accounts and conditions

 

Account type Minimum deposit Minimum trade size Maximum leverage Average spreads
RC Standard $50 0.01 lot 1:100 0.6, floating*

*Commission from $2 for 1 standard lot, changes depending on client's closed trades total USD volume for the last 30 days.

 

Romanov Capital offers just one type of live trading account, which is not unusual for the smaller Russian forex brokers. The minimum deposit requirement is just $50, but the broker recommends a deposit of at least $10 000.


The broker offers trading in a little over 40 forex pairs – major, minor and exotic, silver and gold and claims to be an NDD STP broker.



The Company. Security of Funds

Company Country Regulation
 Romanov Capital Ltd. British Virgin Islands No


Romanov Capital is a Russian unregulated forex brokerage based in Moscow. Despite the legal requirements that forex brokers operating in the country be licensed by the Bank of Russia and comply with a set of rules and requirements, there are still many brokers that operate on the Russian market without a hassle. Obviously Romanov Capital is one of them.


According to the model client agreement, Romanov Capital Ltd. - the parent company of the brokerage - is registered on the British Virgin Islands. This UK territory is one of the more famous offshore zones and about half of its income comes from the licensing of offshore companies.


Like with all offshore brokers, we advise potential clients to be extra careful and avoid such brokers, be they regulated or not, as the regulators in the offshore zones do not exercise much supervision. There are much more reliable regulators like UK's FCA and the ASIC that offer robust control over the activities of their charges.



Trading platform


Romanov Capital offers the cTrader – a true ECN platform developed by Spotware and available as a white label offer.


The platform offers traders a large set of benefits, such as flexibility, 14 chart timeframes, 30 technical indicators, trend lines, Fibonacci levels, support and resistance lines, channels, market depth, etc. cTrader is generally known for its good execution, precise quotes with full pricing transparency and tight spreads.



Methods of payment


Romanov Capital accepts payments through wire transfer, credit and debit cards and the WebMoney online payment system.


Conclusion


Romanov Capital is one of the many offshore unregulated brokers targeting the Russian forex market, which continues to work undisturbed, despite the legal requirements for a license from the bank of Russia. Its trading conditions are not much different than theirs so whether choosing it over another similar broker would not make much of a difference. Besides, the floating spread and the changing commissions might turn out tricky and not very advantageous to the average trader.


Pros Cons
  Offshore
  No MetaTrader
 

Low leverage

 

 

 

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Traders` reviews for Romanov Capital

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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