RTC Finance Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this RTC Finance Review.
RTC Finance Review
RTCFinance is a forex broker that launched operations in the beginning of 2017. It offers trading in forex and CFDs in a portfolio of over 90 instruments. There is just one type of trading account – Standard. The broker does not provide the option for a demo account for those who wish to try their hand at trading without risking any money.
The Company. Security of Funds
Company Country Regulation
Icon Markets Limited Belize None
RTCFinance is a brand of the Belize-based financial services provider Icon Markets Limited, which also owns the binary options brand Hedgestone Group. Icon was registered and regulated by the country’s International Financial Services Commission (IFSC), but its license is no longer valid.
Belize is a popular offshore destination for registering forex brokers and has relatively lax capital requirements and fees, when compared to major and more “serious” regulators like UK’s FCA or the Cyprus Securities and Exchange Commission. In the beginning of last year the IFSC raised its application and annual fees and capital requirements. Still, the $500 000 operational capital requirement is rather low, compared to other regulators and the IFSC does not have such strict rules on client protection and dishonest trading pratcies.
Nevertheless, when compared to the several other popular among the forex brokers offshore zones, Belize is somewhat better than the rest.
Trading platforms
RTCFinance offers the Sirix web-based trading platform developed by Leverate. It is an all-in-one social trading platform that does not require installation on a computer. Sirix lets users configure lots and instruments they trade the most, allows one-click and copy trading. The platform also contains analysis tools, charts and graphs and provides news and economic calender. Sirix also has mobile applications for Android and iOS.
Unfortunately, RTCFinance does not offer MetaTrader 4.
Methods of payment
RTCFinance accepts client deposits through debit, bank transfer and credit cards and the electronic payment systems Neteller and Skrill. Those are fairly standard deposit options provided by many brokers and offer relative flexibility.
RTCFinance is a new forex and CFD broker registered in the offshore zone Belize and regulated by the IFSC. Like we already said, the Belize regulation does not offer the level of client protection provided by the stricter and more reputable financial markets watchdogs, but is better than, lets say, Vanuatu or Saint Vincent and the Grenadines, which is another popular destination for the forex brokers.
Overall RTCFinance’s trading conditions are nothing special – the spreads are average and the leverage is rather low, which in the case of offshore forex brokers could be a good thing.
The Broker is not a safe forex broker, Instead you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
RTC Finance Review Conclusion
For more information about currency trading brokers visit TopForexBrokers.com forex brokers comparison website, Tip ForexSQ.com foreign exchange trading experts please by share this article about RTC Finance Review.