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RZT Capital Review - is it scam or safe?

RZT Capital Review - is rztcapital.com scam or good forex broker?

RATING: 2.3 / 0 REVIEWS
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Trading Accounts and Conditions

 

Account type
Minimum deposiш
Minimum trade size
Maximum leverage
Spreads*
Standard
$200
0.01
1:300
1.8 pips
Pro
$50 000
0.01
1:300
0.3 pips + $7 /lot
 

*As announced on the broker's website.

 

RZT Capital offers its clients two account types, Standard and Pro. Judging by the initial deposit required, the Pro account is not intended for retail traders.

 

This broker says it does not provide services to citizens/residents of Australia, United States of America, Canada, Israel, Japan, North Korea, Belgium and UN Sanctions.

 

RZT Capital Advantages

 

-CySEC license

The main benefit of trading with RZT Capital is that it holds a license from the Cyprus Securities and Exchange Commission (CySEC). This means that the company complies with strict rules and and your money is generally safe.

 

>>Top-tier CySEC-regulated brokers<<

  

- Part of an international group

RZT Capital is the recently launched retail unit of Ruizean Group, which offers various financial services from its offices in Sydney, Melbourne, London and Shanghai. One of its units is also licensed by ASIC.

 

- MT4 available

Supporting this platform is always a benefit for a forex brokerage, as most experienced traders are used to trading on MetaTrader 4 and enjoy it. Beginners, on the other hand, easily get their way around it, because the MT4 is easy to use and yet equipped with a number of advanced features, such as top-notch charting, numerous customizable indicators, Expert Advisors, etc.

 

>>More MT4 brokers<< 

 

-Competitive spreads on demo accounts

Although the spreads announced on the website for Standard accounts don’t seem very good, averaged 1.8 pips on EUR/USD, when we tested RZT Capital’s MT4 demo platform, the spreads on this pair were actually floating around 1.1 pips and there were no commission fees. Such pricing is competitive, as most brokers offer spreads within the range of 1.0 – 1.5 pips for this pair. Of course, there are companies, like IG Group, whose spreads are significantly lower.

 

 

RZT Capital’s demo MT4. Click on the image to zoom-in. 

 

RZT Capital Disadvantages

 

Announced spreads above the average

As we have mentioned above, a spread of 1.8 pips on EUR/USD, as specified on RZT Capital’s website, is above the average for the forex market.

 

Trading conditions specified on website differ from those on demo accounts

This is considered a disadvantage of RZT Capital for obvious reasons. All decent brokerages applying transparent pricing policy should announce on their websites their spreads as well as other trading conditions in a clear and precise manner. Demo accounts, on the other hand, should provide the same trading environment as live ones, the only difference being that you don’t trade with real money.

 

Conclusion

 

RZT Capital offers trading in wide range of instruments, including foreign exchange currency pairs, CFDs on commodities, indices and precious metals on the renown MT4 platform. It is duly licensed by the a Cyprus Financial Services Company and claims to utilize STP trading model.

 

RZT Capital is owned by Jin Liu, an Australia-based Chinese national, that has holded a managing position at AxiTrader before. The company is a part of ASIC-regulated Ruizean Group, which has global presence.

 

Pros
Cons
CySEC license
Announced spreads above the average
Part of an international group
Trading conditions specified on website differ from those on demo accounts
MT4 available
 
Competitive spreads on demo accounts
 
 
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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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Customer service

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Traders` reviews for RZT Capital

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