RM Investment Bank Spreads, leverage, minimum deposit Revealed
WikiFX | 2024-12-06 18:27Abstract： RM Investment Bank Ltd is an investment bank operating in Malaysia from 2021 without regulation. It offers a range of trading products through its MetaTrader 4 and 5 platforms, including Currency pairs, Stocks, Indices, ETF, Commodities, Metals and Energy commodities.
| Aspect | Information |
| Company Name | RM Investment Bank Ltd |
| Registered Country/Area | Malaysia |
| Founded Year | 2021 |
| Regulation | Labuan FSA |
| Minimum Deposit | 100 USD |
| Maximum Leverage | Up to 100:1 |
| Spreads | As low as 0.0 pips |
| Trading Platforms | MetaTrader 4 (MT4) and MetaTrader 5 (MT5) |
| Tradable Assets | Currency pairs、Stocks、Indices、ETF、Commodities、Metals、Energy commodities |
| Account Types | Prime Account、R Stocks trader Account、Pro Account、ECN Account、Procent Account and Islamic Account |
| Demo Account | Available |
| Customer Support | Phone, online chat, social media |
| Deposit & Withdrawal | Bank Transfer: HWG |
| Educational Resources | Market Analysis & Forecasts; Economic Calendar |
Overview of RM Investment Bank Ltd
RM Investment Bank Ltd is an investment bank operating in Malaysia from 2021 without regulation. It offers a range of trading products through its MetaTrader 4 and 5 platforms, including Currency pairs, Stocks, Indices, ETF, Commodities, Metals and Energy commodities.
Traders can choose from six account types with competitive spreads and leverage up to 100:1. The broker emphasizes customer support, providing multiple contact options and various educational resources.
RM Investment Bank provide clients and partners with a variety of services, which are of the same quality for all, regardless their experience and amount of their investments.
Regulatory Status
RM Investment Bank holds two licenses from the Labuan Financial Services Authority (LFSA), but both have issues:
- STP License (MB/19/0034): Revoked by LFSA.
- Market Making License (210138BI): Marked as “Suspicious Clone”, suggesting potential fraud.
Pros and Cons
| Pros | Cons |
| Diverse range of tradable assets | Unregulated |
| Multiple trading platforms | Low leverage |
| Comprehensive customer support | Limited educational resources |
| Provide demo accounts | Minimum deposit up to 100 USD |
| Deposit and withdraw without commission |
Market Instruments
| Asset Type | Details |
|---|
| Currency Pairs | Access to the most liquid markets, open 24/5. |
| Stocks | Over 12,000 derivatives on stocks of major companies (Amazon, Google, Netflix, etc.) from UK, USA, Germany, Switzerland. |
| Indices | Access to indices for investment on exclusive conditions. |
| ETF | Invest in various assets (stocks, metals, goods) as one stock through ETFs. |
| Commodities | Over 100 instruments available for investment via R StocksTrader platform. |
| Metals | Gold (XAUUSD), Silver (XAGUSD), and more than 20 ETFs on platinum, palladium, copper, nickel, etc. |
| Energy Commodities | Access to ETFs and derivatives for energy resources, available via R WebTrader and R StocksTrader. |
Account Types
RM Investment Bank offers six types of trading accounts: Prime Account, R Stocks trader Account, Pro Account, ECN Account, Procent Account and Islamic Account while the Islamic Account is a specific account type created especially for the Clients of Islamic faith, who are not allowed to invest in swaps because of Sharia laws. Each account offers attractive trading conditions and provide a wide range of base currencies to suit the preferences of different traders.
Traders can select the account type that aligns with their trading strategy and enjoy competitive spreads and high leverage for enhanced trading opportunities.
| Account Type | Prime Account | R Stocks trader Account | Pro Account | ECN Account | Procent Account | Islamic Account |
|---|---|---|---|---|---|---|
| Credit line | Up to 1:100 | Up to 1:100 | Up to 1:100 | Up to 1:100 | Up to 1:100 | It‘s a specific account type – Islamic Swap-Free accounts. Instead of the swap, the owners of Swap-Free accounts are charged a fixed commission, which depends only on the type of currency pair and number of open lots, but not on the issuing banks’ interest rates. This account type was created especially for the Clients of Islamic faith, who are not allowed to invest in swaps because of Sharia laws. |
| Spreads | From 0.0 pips | From 0.01 USD | From 1.3 pips | From 0.0 pips | From 1.3 pips | |
| commission | Commission for the volume of 1 million USD | US stock derivatives ：0.02 USD per shareEuropean stock derivatives： 0.07%Currencies ：15 USD per 1 million base currencyIndices ：Variable | Commission for the volume of 1 million USD is not available | Commission for the volume of 1 million USD | Commission for the volume of 1 million USD is not available | |
| Investment instruments | 28 Currency pairs, Metals, and Derivatives (US Stocks, Indices, Oil) | Over 12,000 Stocks, ETFs and Derivatives (Currencies, Indices, Energy, Metals) | 36 Currency pairs, Metals, and Derivatives (US Stocks, Indices, Oil) | 36 Currency pairs, Metals, and Derivatives (US Stocks, Indices, Oil) | 36 Currency pairs, Metals | |
| Base Currencies | USD | USD | USD | USD | USD |
Credit line
The credit is a chance to expand your investment opportunities using borrowed funds. As a rule, its value reflects the ratio between your own and borrowed funds. There is a high level of risk involved when investing in products such as Derivatives. You should not risk more than you can afford to lose, it is possible that you may lose the entire amount of your account balance.
Spreads & Commissions
RM Investment Bank boasts low spreads and the credit line up to 1:100. People can search information from “Contract specifications” table organized by investment account types and view all necessary data related to it, from spread to 1 pip size.
Deposit & Withdrawal
RM Investment Bank provides two ways to move your money from place to place: Bank Transfer and HWG. Bank Transfer has no deposit fee and a processing time of up to 5 days, while HWG incurs a 1% withdrawal fee with a processing time of up to 1 working day.The specific details will be presented in the table.
Besides, it also has “Free Funds Withdrawal” promotion days during which traders can deposit their accounts without additional costs and withdraw funds without commission.
| Payment Method | Accepted Currencies | Fee | Processing Time | Limitation |
| Bank Transfer | AUD, USD, JPY,GBP, NZD,CHF, EUR, THB,CNY | deposit 0% , withdraw 1% | Deposit 、Withdraw : up to 5 days | Deposit: 500-50,000USD, Withdraw: 200-50,000USD |
| HWG | USD | withdraw 1% | Withdraw: up to 1 working day | Withdraw: 2-2,000USD |
Customer Support
RM Investment Bank provides various contact options to assist clients with different needs:
telephone consultation: Responsive customer service of RM Investment Bank is ready to answer any questions you may have. Submit a request for a callback and we will call you back shortly. Our customer support number is: +60183022166 or +60192170766.
Online chat: You can contact the Companys staff via online chat or the ticket system in their Members Area.
Head Office: Our business address is Level 6 (B), Main Office Tower, Financial Park Complex, 87000 Wilayah Persekutuan Labuan and the marketing office is No 2-A, Jalan Anggerik Vanilla 31/94, Kota Kemuning, Seksyen 32, 40460 Shah Alam, Selangor
FAQs: If you have questions and seek quick answers, RM Investment Bank offers a comprehensive list of Frequently Asked Questions (FAQs) on their website on which you can find a lot of useful information.
Educational Resources
RM Investment Bank offers two educational resources to assist traders in making informed decisions:
Market Analysis & Forecasts:RM Investment Bank provides currency forecast analytics for beginners. It offers insights into predicting currency movements and understanding market trends. Users can access valuable information and tools to enhance their understanding of currency trading and make informed decisions in the forex market.
Economic Calendar:The Economic calendar is an efficient tool that contains up-to-date information about upcoming events in the financial industry. The data from the Economic news calendar helps investors to analyze the situation of currency market and make plans based on the information they get.
Conclusion
In conclusion, RM Investment Bank is an investment bank has several advantages, including providing demo accounts, multiple trading platforms, a diverse range of tradable assets, and comprehensive customer support.
However, there are some drawbacks: the bank is unregulated which poses risks for clients and the client line is low.
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