Score

4.28 /10
Average

Radar Brokers

Vanuatu

5-10 years

Regulated in Vanuatu

Retail Forex License

MT5 Full License

Regional Brokers

High potential risk

Offshore Regulated

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Comparison

Quantity 12

Exposure

Open Account
Website

Score

Regulatory Index3.05

Business Index7.82

Risk Management Index0.00

Software Index9.60

License Index3.05

The WikiFX Score of this broker is reduced because of too many complaints!
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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Radar Brokers Limited

Company Abbreviation

Radar Brokers

Platform registered country and region

Vanuatu

Company website

Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts 2
Previous Detection : 2025-04-30
  • The number of the complaints received by WikiFX have reached 11 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The Vanuatu VFSC regulation with license number: 14674 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
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Radar Brokers · Company summary
Radar Brokers Review Summary
Founded5-10 years
Registered Country/RegionVanuatu
RegulationVSFC(Offshore regulated)
Market InstrumentsStocks, global indexes, derivatives, funds, bonds
Trading PlatformsRadar Trader, MT5
Customer SupportEmail, telephone

What is Radar Brokers?

Radar Brokers is a brokerage firm that offers a diverse range of trading instruments across various asset classes, including stocks, global indexes, derivatives, funds, and bonds. They provide a variety of trading platforms, including their proprietary Radar Trader platform and the popular MetaTrader 5 (MT5). Radar Brokers also facilitates overseas remittances with multiple deposit methods and accessible customer service channels.

What is Radar Brokers?

Pros & Cons

ProsCons
• Offshore regulated by VFSC• High handling fee for account withdrawals
• Offers a variety of trading instruments
• Multiple deposit methods
• Provides both proprietary and popular trading platforms like MT5

Is Radar Brokers Safe or Scam?

Radar Brokers is offshore regulated by VFSC, with the license number of 14674.

Is Radar Brokers Safe or Scam?

Market Instruments

Radar Brokers is a brokerage firm that offers a diverse range of trading instruments across various asset classes. Here's a brief summary to describe the market instruments available at Radar Brokers:

  • Stocks: Radar Brokers provides access to the equity markets, allowing clients to trade shares of publicly-listed companies. This includes stocks from both domestic and international exchanges.
    • stocks
  • Global Indexes: Clients can trade global stock market indices, such as the S&P 500, NASDAQ, FTSE 100, and many others. These indexes represent the performance of a group of stocks and are commonly used as benchmarks for overall market trends.
    • global indexes
  • Derivatives: Radar Brokers offers derivatives trading, which includes futures and options contracts on various underlying assets. Derivatives allow traders to speculate on the future price movements of assets without owning them directly.
    • derivatives
  • Funds: The brokerage provides access to a wide range of investment funds, including mutual funds, exchange-traded funds (ETFs), and hedge funds. These funds pool money from multiple investors and are managed by professional fund managers.
    • funds
  • Bonds: Clients can invest in bonds, including government bonds, corporate bonds, and municipal bonds. Bonds are fixed-income securities that pay periodic interest to investors.
bonds

Commissions

Radar Brokers employs a flexible commission structure that adapts to different markets and account types. In the case of the U.S. stock comprehensive account, traders are charged a commission of $0.0035 per share, which equates to $3.5 for every 1,000 shares traded. Importantly, there is a minimum commission of $0.5 for each individual transaction, ensuring that even smaller trades remain cost-effective.

For those using U.S. stock global accounts, the commission for 1x leverage on U.S. stocks mirrors the rate offered in the comprehensive account. However, if traders opt for 4x leverage on U.S. stocks, they will incur a slightly higher commission of $0.01 per share, amounting to $10 for every 1,000 shares traded. The minimum commission for these leveraged transactions is $0.1 per trade. This tiered pricing structure reflects Radar Brokers' commitment to providing competitive rates and accommodating the diverse needs of their clients, whether they prefer traditional or leveraged trading strategies.

Trading Platforms

Radar Brokers offers a variety of trading platforms to cater to the diverse needs of its clients.

Radar Trader is Radar Brokers' proprietary trading platform. It is designed to provide a user-friendly and intuitive trading experience. Traders using Radar Trader can access a wide range of financial instruments, execute trades, analyze market data, and manage their portfolios.

Radar Trader

Radar Brokers also offers MT5 to clients who prefer this platform. MT5 is known for its robust features, including advanced charting, technical analysis tools, algorithmic trading capabilities, and access to a vast library of trading indicators and expert advisors.

MT5

Deposits & Withdrawals

Radar Brokers offers a convenient array of deposit methods for clients engaging in overseas remittances. These options include China Merchants Bank, Bank of Communications, and Industrial and Commercial Bank of China.

When it comes to withdrawing funds, clients have two convenient options: they can initiate withdrawals directly from the official website or through the mobile app, ensuring accessibility and ease of use. It's worth noting that the minimum withdrawal amount is set at US$40, allowing clients to access their funds efficiently. However, clients should be aware of a nominal handling fee for account withdrawals, amounting to 0.4% of the withdrawal amount or a minimum charge of $20 per transaction.

Customer Service

Radar Brokers offers accessible customer service through multiple channels to assist its clients. Clients can reach out for support via email at contact@radarbrokers.com.

Additionally, for more immediate assistance, clients have the option to contact Radar Brokers via telephone at +678-22159. This allows clients to speak directly with customer service representatives for prompt assistance with their queries or concerns.

Furthermore, Radar Brokers' head office is located on 1st Floor, iCount Building Kumul Highway, Port Vila, Republic of Vanuatu, which serves as a physical point of contact for clients seeking in-person assistance or correspondence.

contact details

Frequently Asked Questions (FAQs)

What trading instruments are available at Radar Brokers?

Radar Brokers offers a diverse range of trading instruments, including stocks, global indexes, derivatives, funds, bonds, and potentially cryptocurrencies.

What trading platforms are provided by Radar Brokers?

Radar Brokers offers multiple trading platforms, including their proprietary Radar Trader platform and the popular MetaTrader 5 (MT5).

What are the deposit methods available at Radar Brokers?

Radar Brokers facilitates overseas remittances through various deposit methods, including China Merchants Bank, Bank of Communications, and Industrial and Commercial Bank of China.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital.

User Reviews

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User comment

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Comments

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FX1192011742
more than one year
Never put any stock in anything this Radar Broker says. Its primary goal is to trick you into giving them my money. They did it to me. A lot of pressure was put on me to invest, but I said no.
Never put any stock in anything this Radar Broker says. Its primary goal is to trick you into giving them my money. They did it to me. A lot of pressure was put on me to invest, but I said no.
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2022-12-20 10:57
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Mark Rutte
more than one year
Great broker, low spreads, good execution... i have been trading with it for years, trust me!
Great broker, low spreads, good execution... i have been trading with it for years, trust me!
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2024-05-17 11:09
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12