de | cn | ru

Ruizean Markets Review - is it scam or safe?

Ruizean Markets Review - is ruizeanmarkets.eu scam or good forex broker?

RATING: 3 / 0 REVIEWS Ruizean Markets
FIND BETTER FOREX BROKER

RECOMMENDED FOREX BROKERS


Trading Accounts and Conditions

 

Trading account Min. deposit Min. trade size Max. leverage Spread
Standard  $200 0.01 1:30 from 1.6 pips
ECN  $500 0.01 1:30 from 0.3 pips + $3.5 / lot (per side)
Pro  $1 000  0.01 1:30 from 0 pips + $3.5 / lot (per side)

 

Ruizean Markets (previously RZT Capital) is a Cypriot brokerage that offers its clients three account types with access to the good old MetaTrader4 platform. Here are our impressions of this broker, after we made a thorough research on the company and tested its platform.

 

 

Ruizean Markets Advantages

 

Licensed in Europe (Cyprus)

The brokerage is a trademark of Ruizean Markets Limited – a Cypriot Investment Firm (CIF), licensed by one of the most popular regulators in Europe – the Cyprus Securities and Exchange Commission (CySEC).

 

 

The regulatory environment in Cyprus is quite solid and provides significant guarantees to clients of locally regulated entities. Forex brokerages in the country should adhere to a number of strict rules, including certain capital adequacy requirements, segregation of clients’ funds, reporting transactions on a regular basis, provision negative balance protection, as well as compensation scheme coverage (to a maximum of €20,000).

 

Access to the MT4

As we mentioned in the beginning, the platform of choice of Ruizean Markets is MetaQuotes’ legendary MetaTrader4, simply known as MT4. This platform is preferred by most traders, beginners and professionals alike, because it provides perfect trading environment with great functionality.  The software is light, fast, easy to use and reliable. Furthermore, it offers top-notch charting and is praised for the support of Expert Advisors – automated trading bots.

 

 

>> Choose some of the best MT4 brokers <<

 

 

 

Competitive demo spreads

When we tried out Ruizean Markets’ platform, we saw the benchmark EUR/USD spread floating around 0.1 pips, and a commission of $7 applied per standard lot round turn. This means that the average trading costs are around 0.8 pips for this pair, which is a really good pricing. However, this seem to be the trading costs on Pro accounts, which require higher initial investment.

 

 

Ruizean Marketss MT4 in demo mode. Click on the image to zoom in.

 

Reasonable minimum deposit, high leverage for pros

In order to open an account with Ruizean Markets’, one has to deposit $100, which is a reasonably low amount to start with. Besides, clients of the broker who manage to qualify as professionals are able to use leverage higher than 1:30.

 

Although we generally consider the availability of high leverage levels as an advantage, we feel the need to warn investors that leverage is a double-edged sword. It can dramatically amplify your profits, however it can also just as easily amplify your losses. When you use excessive leverage, losing trades can quickly offset many winning trades.

 

 

Ruizean Markets Disadvantages

 

Announced spreads above the average

The spreads indicated on Ruizean Markets’ website are actually not good on all account types. More specifically, the benchmark EUR/USD spread on Standard accounts is starting from 1.6 pips, which is above the average in the sector. It turns out that one has to invest at least $500 with this broker in order to be able to use ECN spreads.

 

Below, you can look up the spreads of some of the best forex brokers in real time.

 

 

>> Compare the spreads of top forex brokers <<

 

 

Not that many CFDs

Another minor disadvantage of Ruizean Markets is that its offer could have been broader in terms of tradeable assets. Currently, the broker offers trading solely in currency pairs, and CFDs on indices, precious metals, and commodities.

 

Actually, most brokers offer wider range of CFDs, also including stocks and cryptocurrencies like Bitcoin. If you are a crypto enthusiast, we have drawn up a list of some brokers offering Bitcoin CFDs which are reliable and licensed.

 

 

>> Trade cryptocurrencies with a regulated forex broker <<

 

 

Conclusion

 

Overall, Ruizean Markets (previously RZT Capital) seems like a solid choice of forex brokerage. It holds a license with CySEC, supports the industry’s standard MT5 and seems to offer comparatively good trading conditions.

 

We also have to mention that the brokerage is a part of Australia-based Ruizean Group specializing in various financial services.

 

 

>> Find the best brokers in Cyprus <<

 

 

Let’s sum up the above in a few words:

 

Pros Cons
Licensed in Europe (Cyprus) Announced spreads above the average
MT4 supported Not that many CFDs
Competitive demo spreads  

 

Latest news about Ruizean Markets
No news about Ruizean Markets . Check back later.
Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website

Traders` reviews for Ruizean Markets

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

de | cn | ru