Overview of Ridder Trader Group
Ridder Trader Group is an international multi-assets registered brokerage firm. Ridder Trader offer clients to trade on Forex and Precious Metals with high interbank liquidity conditions, robust order execution in split second, ultra-tight spreads and many other advantages on MT5. With the segregated fund security under top tier banks, Ridder Trader is dedicated to ensuring traders around the world trade on more Ridder Trader opportunities anytime, anywhere.
Regulatory Status
Ridder Trader has two licenses. However, the current status are revoked and exceeded.
Pros and Cons of Ridder Trader
Pros:
- Offers a wide range of trading instruments including futures, indices, metals, commodities, forex pairs, and shares
- Provides various account types with different trading environments, including Zero-Commission trading
- Offers high leverage up to 1:1000
- 24/5 customer support available via email, phone, and live chat
Cons:
- No educational resources or materials provided for beginner traders
- Limited information available on deposit and withdrawal options and fees
- The website is not very user-friendly and may be difficult to navigate for some users.
Market Instruments
Ridder Trader offers a diversified range of instruments for trading including futures, indices, metals, commodities, forex pairs, and shares. With over 200 instruments available, traders have access to global markets and the opportunity to diversify their portfolios. Additionally, the broker offers high leverage options for forex and CFD trading, competitive spreads and pricing, and a user-friendly platform. However, there are some limitations to consider, such as the absence of cryptocurrencies available for trading and the limited selection of shares and commodities compared to other brokers. Furthermore, Ridder Trader does not offer fixed income instruments for trading. Overall, the instrument dimension of Ridder Trader offers a decent range of options for traders but may not be the best fit for those looking to trade cryptocurrencies or fixed income instruments.
Spreads and Commissions
Ridder Trader's commission structure is dependent on the type of trading account selected by the trader. The Zero-Commission trading environment is available in some account types, while others charge commissions. The Zero-Fixed account offers spreads from 0.0 pips and has a commission structure with rates varying by currency pair. While the commission rates are relatively low, traders must keep in mind that certain accounts charge commissions. Additionally, the spreads may not always be the tightest in the industry.
The spreads can be seen in a table. for example, the AUDCAD live floating spreads for micro account, premium account and VIP account are respectively 5.7 pips.
Trading Accounts available in Ridder Trader
Ridder Trader offers a variety of account types to suit different trading preferences and styles. The Live Floating/Live Fixed account category includes Micro, Premium, VIP, and Zero Fixed accounts, while the STP/ECN category includes No Commission, Zero Spread, and Absolute Zero accounts. Each account type has its own unique features, such as different spreads and commissions, but the minimum deposit required for each account is not disclosed. However, traders can take advantage of 24/5 customer support and flexible leverage up to 1:1000. The STP/ECN account category is ideal for traders who prefer low spreads and fast execution, while the different account categories cater to different trading styles and preferences.
Trading Platform(s) that Ridder Trader offers
Ridder Trader offers its clients the widely popular MetaTrader 5 platform for trading on desktop, web, and mobile devices. The platform comes with advanced charting and technical analysis tools, as well as automated trading options through Expert Advisors. This platform also allows traders to trade various asset classes, including forex, futures, indices, metals, and commodities. However, the platform has limited customization options for its interface, and there are no social trading or copy trading features available.
Maximum Leverage of Ridder Trader
The maximum leverage offered by Ridder Trader is up to 1:1000, which is a high level of leverage. This means that traders can open positions with a much larger notional value than their account balance, allowing them to potentially make larger profits with a smaller investment.
Customer Service of Ridder Trader
Ridder Trader offers multiple channels of customer support, including email, phone, and live chat. Their email support promises a response within 24 hours on business days, and their phone support is available 24/5. Live chat is also available for quick assistance. However, there is no dedicated account manager and the customer support is not available 24/7. Additionally, support in other languages is not offered, limiting accessibility for non-English speakers.
Conclusion
In conclusion, Ridder Trader is a forex broker that offers a variety of trading instruments, account types, and platforms to its clients. Its maximum leverage of up to 1:1000 and low spreads on some accounts make it an attractive option for traders. However, the lack of educational resources and information about deposits and withdrawals may be a disadvantage for some traders. The customer care options, including email, phone, and live chat, are available for clients' convenience.
2024-05-29 11:24