rimarkets review

Regulators: –

Cryptocurrencies: YES

Minimum Deposit: $250

Maximum Leverage: 1:500

Spreads: High

My Score: 1.5

RIMarkets, founded in 2018, is a broker offering online forex trading services. Official website is available in both Russian and English languages. Therefore, an important part of the customers they target is the Russian. But I can say that the broker’s website is very useless. It may be difficult for a newbie trader to access the information he or she is looking for.

The range of trading instruments offered by RIMarkets is quite good. Many exotic fx pairs can be available for trading. Exotic currencies such as Israeli Shekel, Singapore Dollar, Indian Rupee, Turkish Lira, Mexican Peso, Swedish Krona, Hungarian Forint, South African Rand, Norwegian Krone, Russian Rubla, Polish Zloty, Hong Kong Dollar, and Danish Krone are offered by Rımarkets.

In addition to these, the range of instruments for commodities, spot metals and cryptos is quite high.

Due to some advantages, RIMarkets attracts investors. But is RIMarkets really advantageous as a forex broker? Is RIMarkets scam or a reliable broker? What types of accounts, spreads and leverage are offered by the broker? In this RIMarkets review you can find the answer to all these questions. You can also write to me for any other questions you have. I will try to answer as soon as possible.

Regulation

The biggest disadvantage of RIMarkets is that it is an unregulated broker. The broker is brand of Fcorp services Ltd and this company is registered in Marshall Islands but the broker is unlicenced.

It is a very difficult process for newly established brokers to obtain licenses from reputable regulators like FCA or CySEC. Because there are many conditions that these regulators require. For example; brokers may be required to keep a certain amount of money in the bank account as minimum net capital. Clients’ funds and operational accounts of the broker must be separeted. It is very difficult for brokers who are new to provide these conditions. Because of this, these brokers prefer to get a license from a less reputable regulator. However, the fact that a broker is not licensed is understandable and not acceptable.

RImarkets is probably a scam broker. Before you open an account, I recommend you to think well and review.

Account Types in RIMarkets

There are 3 different account types offered by RIMarkets: Silver, Gold and Platinum. You can see the features of the account types in the following table.

Account typeMin. depositMax. leverageSpreads
Silver Account$2501:2003 pips
Gold Account$1.0001:4002,5 pips
Platinum Account$5.0001:5002 pips

The Silver account type is similar to the standard account types found in other brokers. Minimum deposit amount is $ 250 in Silver Account type. I can say this amount is higher than average of forex industry. For example; The minimum deposit amount in FXPro is $ 100 and $ 5 in XM Forex. In this account type, maximum leverage is 1:200 but if you want to use higher leverage, you can choose Platinum Account which offers 1:500.

One of the major disadvantages of RIMarkets is spreads. The spreads offered in the Silver account type are 3 pips. These spreads are very high. The average of forex brokerage industry are around 1.6 pips.

With these trading conditions, account types offered by the broker are not advantageous for traders.

In addition to these, swap-free account type, also called Islamic accounts, is availeble for Muslim investors who do not want to earn or pay interest.

Payment Methods in RIMarkets

RIMarkets is one of the weakest brokers in terms of payment methods. As a deposit and withdrawal option you can only use wire transfer and credit card. In the last days, Skrill has been added as an additional option. However, many popular e-wallet systems such as Paypal, Neteller can not be used.

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RIMarkets

1.5

Trust

0.0/10

Commissions and fees

0.0/10

Customer Service

0.0/10

Platform & Tools

0.5/10

Product Portfolio

7.0/10

Cons

  • Unregulated broker, probably scam.
  • Spreads are high.
  • Official website is designed amateurly.

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18 COMMENTS

  1. Rimarkets broker has very important advantages for me. It was excellent service and top level treatment of clients. There are many profitable assets. Rimarkets works according to the licence, that’s very important. I’m pretty satisfied and can recommend it

  2. Thanks to rimarkets i could earn extra money to have the wedding. And after that i still trading because it’s very gainful occupation. I highlighted some pros from this broker for myself. It has very simple interface of the platform, convenient to use. There are many tools, for example crypto which i prefer to use. And managers are friendly.

  3. I found many features which I searched in brokers. Such as wide selection of tools. Platform itself is quite good and simple for using. I also like staff. These guys are polite and very qualified. They helped me a lot of times. So, still i’m more than glad about trading on RImarkets.

  4. RImarkets fits me perfectly. This broker has very convenient platform with great variety of tools. Analysts are qualified and polite. They taught me a lot. To sum up I can recommend this broker, 5/5!

  5. Cool broker that doesn’t scam its clients. I was convinced of this from my own experience. Outcome is great for me because I began with small deposit.

  6. I can rate this broker as 50/50. Service a little rude and support service is hard reachable sometimes. It’s disadvantages. But at the same time, i’m very satisfied with results of my trading and choice os assets. I’ve got good additional income on the RImarkets platform.

  7. RImarkets doesn’t seem like a scam for me. It works according to the regulations, so I trust it. Profit withdrawing is easy and pretty fast. Platform has simple interface. There are many available assets.

  8. RImarkets works well. On this platform good specialists work, there are great selection of asserts. Customer support service is reliable. These guys have helped me many times. So I can trust it my money and get good profit.

  9. RImarkets is a true finding for the people who want to have extra money. That’s why I started trading on the market, particularly using services of RImarkets broker. I like this platform, it contains a lot of helpful stuff and also I gain here to 300$ per week.

  10. RImarkets is a broker I trade constantly with. I trust it, because Rimarkets worth it. The broker does its job very well. It was very convenient platform, that contains everything that traders need. The support service also works properly. Personally, I have never had any problem with withdrawal of funds. I’m very satisfied with RImarkets. Highly recommend!

  11. This platform works well and performs all its functions. I’m glad that I’ve got a nice manager, who explains the specifics of this broker, that’s why I chose this one for trading. I have access to the tools I’m comfortable to open deals with. So far, I have no problems.

    • Opened account yesterday with £252
      Tried to log on today it says server can’t be found
      Tried e-mailing Jessie Brant (the guy I spoke to yesterday and had an e-mail link from)but know the e-mail gets returned as notice failure

  12. RImarkets gave me good opportunity to trade and earn. The broker provides with wide range of asserts, qualified managers and analyst. The platform very simple in using, it also contains graphs and webinars.

  13. RImarkets seems very safe broker. It also has quik access to all tools you need, quite fast money withdraw period and responsible support service. That’s basically all I need to earn money successfully.

  14. As for me, RImarkets is very safe broker. Since I signed up to the platform, i’ve never had any regrets. RImarkets allows me to trade on whichever tools i want, I mainly choose crypto. It also allows me to withdraw my earnings easily, by the way through to trading on this platform I could pay out some debts. I’m very happy because of it. Currently, i don’t owe anything to anyone and can just earn for my well-being.

  15. I have been trading for 4 years, and there were ups and downs for me. I changed a lot of brokers and now get a nice income. It thanks to my Broker RImarkets. It supports me for 1,5 year. I’m so glad, that I finally got such a great broker, who really interested in my increasing profit. Because it has commissions from my capital. But also more I’ve got, more they got. For that, I feel safe and enjoy my growing earning.

  16. RIMarkets is absolutely scam broker. They dont give me my profit and say that your orders are scalping. But first of all, But before i opened the account they did not say anything related to the scalping ban.