Overall Renesource Capital is a trustworthy and low-risk broker with a high overall rating of 7 out of 10. Renesource Capital is authorized and regulated by FCMC and offers leverage up to 1:100.
Renesource Capital at a glance
| 🔎 Broker’s Name | Renesource Capital |
| 📍 Headquartered | Rīga, Latvia |
| 📅 Year Founded | 1998, online since 2009 |
| ⚖️ Regulating Authorities | FCMC, ESMA |
| 🌐 Countries not accepted for trade | United States |
| ☪️ Islamic Account (Swap Free) | No |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:100 |
| 💰 Minimum Deposit | $10 / 170,26 |
| 💳 Deposit Options | Bank transfers |
| 💳 Withdrawal Options | Bank transfers |
| 💻 Platform Types | MetaTrader 4, Integral, Currenex, QUIK, J-Trader, CQG, Equities DMA and Voice brokerage. |
| 📱 OS Compatibility | Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad. |
| 📈 Tradable Assets | Forex, Equity indices, Commodities, Stocks ETFs, Futures, Bonds |
| 👨💼 Languages supported on Website | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Hindi, Hebrew, Arabic, Russian |
| 👥 Customer Support Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Hindi, Hebrew, Arabic, Russian |
| 📆 Customer Service Hours | 24/5 |
| 👉 Open a account | 👉 Click Here |
Renesource Capital Review – 20 key points quick overview:
- Renesource Capital at a glance
- Renesource Capital Review – 20 key points quick overview:
- Renesource Capital Overview
- Renesource Capital Safety and Security
- Renesource Capital Leverage
- Renesource Capital Accounts
- Renesource Capital Market instruments
- Renesource Capital Fees
- Renesource Capital Deposit and withdrawal
- Renesource Capital Trading platforms
- How to open an account Renesource Capital step by step
- Renesource Capital Customer support
- Renesource Capital Education
- Renesource Capital Research
- Renesource Capital Awards
- Renesource Capital vs Etoro vs XM – Comparison Table
- Renesource Capital Pro and Cons
- Conclusion
- Disclaimer
- Frequently Asked Questions
Renesource Capital Overview
According to research in South Africa, Renesource Capital is the oldest and the largest investment brokerage company in Latvia and a leading broker in the Baltic States.
Renesource Capital was established in 1998 and has provided access to Forex since 2009.
Renesource Capital clients can use trade instruments like currency pairs, commodities, CFDs, bonds, futures and options contracts, as well as stocks, with the use of several trading platforms, including voice trading.
Renesource Capital Safety and Security
One of the best benchmarks to measure the safety of a broker like Renesource Capital, is to establish which regulating authorities are watchdogs over its actions.
Renesource Capital is licensed by the Financial and Capital Market Commission (FCMC), an autonomous public institution that supervises Latvian financial institutions.
Renesource Capital abides by the Investor Protection Law of Latvia which provides for payment of compensation to investors in cases provisioned, such as losses as a result of a financial instrument price drop, or where a broker goes bankrupt.
Renesource Capital is also bound to comply with the rules of the European Securities and Markets Authority (ESMA).
Renesource Capital Leverage
Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.
Renesource Capital offers a maximum leverage ratio of 1:100
Renesource Capital Accounts
A forex account at Renesource Capital is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.
Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith.
Renesource Capital offers the following types of accounts:
Demo Accounts
Corporate Accounts
Individual Accounts
Mini Accounts
Standard Accounts
ECN Accounts
STP Accounts
No information on the features of the different accounts is available and is apparently only revealed when starting the process of opening an account.
Renesource Capital Market instruments
The most popular market instruments available from most brokers for trading include:
Forex
Forex trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies, and financial institutions exchange currencies for one another at floating rates.
Commodities
Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and play a major role in portfolio diversification and risk management.
Indices
Equity, or stock indices, are actual stock market indexes that measure the value of a specific section of a stock market.
Precious metals
The trading of gold and other precious metals, along with crude oil, copper, or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.
Energy
The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions, and global economic growth.
Renesource Capital offers the following of the above:
Forex –90 or more currency pairs, including major, minor and exotic pairs.
Equity indices – CFD trading on major equity indices
Commodities – several commodities, especially metals and energies, like crude oil, jet fuel, diesel, and gas oil.
Stocks – stocks and stock options listed on major stock exchanges around the world, like North American, British, European, Russian, and Asian stock markets.
ETFs – offer exchange-traded funds
Futures – futures, and options on futures contracts linked to several futures exchanges like the CME Group, ICE, EUREX, TOCOM, BM&F Bovespa, Bursa Malaysia, etc.
Bonds – also Russian bonds
Renesource Capital Fees
Cost depends on different factors, like spread and margins, and Renesource Capital clients may also experience different fee structures according to their country or place of residence.
The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move.
Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your trading account.
Renesource Capital charges deposit and withdrawal fees, as well as inactivity fees, but the amounts are not stated clearly on the website.
Renesource Capital Deposit and withdrawal
Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done in the same ways, but sometimes differ.
In the case of Renesource Capital, no clear indication is given about minimum deposit amounts, but apparently mini accounts can be opened with $10.
Only bank transfers from a licensed bank account or payment institution can be used to transfer funds to and from accounts. Such a transfer can take from 1 to 3 days, depending on a standard or express transfer type, and between Latvian or international banks.
Fund withdrawals can also only be done via transfer to a licensed bank account and only to a client’s authorized bank account. Withdrawal request orders must be sent by email to the company.
A bank transfer may take between 1 and 3 days.
Renesource Capital Trading platforms
The forex trading platform provided by Renesource Capital to its clients is in essence the software to carry out their trades. Some brokers provide only one, and others quite a few platforms.
Renesource Capital provides the following:
MetaTrader 4 and its mobile version.
Integral provides direct access to interbank liquidity and market depth by aggregation of quotes from institutional liquidity providers into a single interface.
Currenex gives anonymous, fast, and secure access to the forex market and is designed for professional traders to trade fast and efficiently on a wide range of currency pairs using a variety of order types.
QUIK was an information system with a remarkably high data transfer rate but became a multifunctional information and trading terminal with various areas of application. This trading platform is one of the most widely used trading systems for securities trading on Russian Exchanges.
J-Trader is one of the most widely used trading systems for futures and options trading with simplicity and functionality as the most distinct characteristics.
CQG provides the opportunity to trade futures and futures options on currencies, indexes, bonds, commodities, metals, and agricultural products.
Equities DMA the professional trading platforms line up with high-speed Direct Market Access (DMA) to all main global exchanges: New York Stock Exchange, Nasdaq, London Stock Exchange, Euronext, Hong Kong Stock Exchange, Toronto Stock Exchange, etc.
Voice brokerage – Traders can use the Voice Trading service to trade via the Renesource Capital broker desk.
How to open an account Renesource Capital step by step
Opening a demo account with Renesource Capital is a relatively simple process, which will consist of the following steps:
Step 1 – Open Your Account
Visit the Renesource Capital website, Click on “Open an Account” in the top right-hand corner of the website
Step 2 – Fill out the form
Similarly to a bank, to register a forex trading account with Renesource Capital for the first time, you will be required to go through a basic “know your customer” process, which will allow Renesource Capital to ascertain that your submitted details and ensure the safety of your funds and account details.
Renesource Capital Customer support
Potential traders need to make sure the broker company they chose will offer sufficient support whenever they need it.
In the case of Renesource Capital customers can reach the support team by means of live chat, email, phone, or Skype. Support is provided in English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Hindi, Hebrew, Arabic, and Russian.
Renesource Capital Education
Before starting to trade, potential clients of Renesource Capital should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.
Renesource Capital does offer several educational options:
The “School of Investors” links to educational resources, links to the FCMC’s School of Customers, and the ESMA Guide to Investing.
An Order Placement Guide.
A Bond Rating page.
A FAQs page.
A Glossary.
Renesource Capital Research
To be able to trade with confidence, traders should do as much as possible research about this kind of speculative trading before commencing, but also preceding every daring deal to ensure that they don’t lose money unnecessarily and trade as profitably as possible.
With Renesource Capital they have access to research options included in the educational content as mentioned above.
Renesource Capital Awards
Being an awarded company instills extra confidence in traders.
Although Renesource Capital is acclaimed by customers, there is no indication of awards won on its homepage.
Renesource Capital vs Etoro vs XM – Comparison Table
| 🔎 Broker | 🥇Renesource Capital | 🥈 eToro | 🥉 XM |
| 💰 Minimum Deposit | $10 / 170,26 | $1000 USD | $5 USD |
| 📝 Sign-Up Bonus | No | ☑️ Yes | ☑️ Yes |
| ➕ Max. Leverage | 1:100 | 1:400 | 1:888 |
| 💵 Currency Pairs | – | 47 | 57 |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
Renesource Capital Pro and Cons
| ✔️ Pros | ❌ Cons |
| Licenced by FCMC | Website lacks vital information |
| Member of a compensations fund | |
| Variety of trading instruments |
Conclusion
Overall, Renesource Capital is a trustworthy and reliable broker that provides traders with comprehensive digital tools. Renesource Capital offers dependable platforms and software. Renesource Capital is regulated by the FCMC and ESMA.
Disclaimer
Renesource Capital warns potential customers that Forex and CFDs trading always carries a high risk and may not be suitable for all investors.
Before deciding to trade with Renesource Capital, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.
Renesource Capital warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence Renesource Capital cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
Frequently Asked Questions
How many instruments can I trade with Renesource Capital?
You can trade several different instruments with Renesource Capital, including:
- Forex
- Equity indices
- Commodities
- Stocks
- ETFs
- Futures
- Bonds
Which platforms are supported by Renesource Capital?
Renesource Capital provides the following popular trading platforms:
MetaTrader 4
Integral
Currenex
QUIK
J-Trader
CQG
Equities DMA
Voice brokerage
What spreads can I expect with Renesource Capital?
Renesource Capital offers floating spreads from 0 pips.
Does Renesource Capital charge a commission?
More information on commissions may become available after opening an account.
What is the overall rating out of 10 for Renesource Capital?
7/10
Featured SA Shares Writer and Forex Analyst.
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