Minimum Deposit: $100
Maximum Leverage: 1:1000
My Score: 1
Revenu Trade is one of the forex brokers established in 2018. I can say that it is showing a good improvement even though it is a fairly new broker. According to the information in the website, the company is based in the UK. However, documents related to this have not been shared in the website.
Also, the number of visitors to official websites is very low. This is acceptable for newly established brokers, but it is unacceptable for regulation documents to be absent from the site.
In this Revenu Trade review, you will find all the information you need about the broker. You can read in detail about the account types, spreads, maximum leverage, deposit and withdrawal methods offered by the broker. You will have an idea of whether Revenu Trade scam or a good broker. If you have a question or if you have a problem with this broker, you can write your comment in the comments section below this page. If you’re ready, let’s begin the Revenu Trade review.
As I mentioned in my previous articles, the most important problem of newly established brokers is regulation. Because obtaining a license from reputable regulators is a very difficult process.
Many brokers do not have enough financial and operational power to exceed this process and to meet the requirements of the regulator. Because of this, they prefer to obtain a license from a relatively less reputable regulator. These brokers are trying to close the gap by offering good trading conditions to the investor. Therefore, it is acceptable for a newly established broker to follow the route in this way. However, unlicensed online forex trading services are not acceptable.
According to the official website of RevenuTrade, the broker is the best broker in the UK, USA and India. They claim to be UK based. However, all UK-based financial institutions have to be FCA-regulated as required by the law. Revenu Trade is an unregulated and unlicensed broker.
When you question from FCA’s official site, there is no record. In addition, licensed brokers share their license number on the broker’s official website. However, such information is not shared on RevenuTrade’s website.
It is very important for investors to open accounts with licensed brokers. Because investors who work with unlicensed brokers are faced with many problems and there is no higher institution to complain about.
Account Types in Revenu Trade
RevenuTrade offers 5 different account types: Micro, Premium, VIP, Zero and Islamic. In the table below you can look at the details of these account types.
|Account type||Min. deposit||Max. leverage||Spreads|
|Micro||$100||1:1000||From 2.0 pips|
|Premium||$1.000||1:500||From 1.5 pips|
|Zero||$2.000||1:400||From 0 pips + $10/lot|
|Islamic||$2.000||1:500||From 2.0 pips|
|VIP||$5.000||1:400||From 1.0 pips|
The maximum leverage for this account type is 1: 1000. The minimum deposit for this account type is 50 or 100 dollars. We do not know clearly which is because the information in the website is not clear enough. As you can see in the following image, although the minimum deposit in the comparison chart is specified as $ 50, there is above $ 100 plus expression.
In Micro account type, spreads are starting from 2 pips and variable. These spreads are not competitive because the average of forex brokerage industry is 1.5 pips. I can say that spreads are high for an unlicensed broker. The maximum leverage for this account type is 1: 1000.
Revenu Trade also offers a swap-free account option called an Islamic account. This type of account is preferred by Muslim investors who want to earn or pay interest due to religious reasons.
Payment Methods at Revenu Trade
The methods of depositing and withdrawing money offered by the Revenu Trade are not very varied. You can use wire transfer or credit card as you would with any broker to make a deposit. Of course, the fastest method is to fund with credit card. In addition, Neteller and Skrill are available as e-wallet systems. It is also possible to transfer money with Bitcoin. You can use the same methods for withdrawing money.