Overall RS MARKETS is a trustworthy and high-risk broker with an overall rating of 4 out of 10. RS MARKETS is authorized and regulated by SVC and offers leverage up to 1:400.
RS MARKETS at a Glance
| 🔎 Broker’s Name | RS Markets |
| 📍 Headquartered | St. Vincent & the Grenadines |
| 📅 Year Founded | 2019 |
| ⚖️ Regulating Authorities | SVC |
| 🌐 Countries not accepted for trade | USA, European Economic Area, Canada, Australia, Japan. |
| ☪️ Islamic Account (Swap Free) | Not indicated |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Not indicated |
| 📊 Managed Accounts | Not indicated |
| 📈 Maximum Leverage | 1:400 |
| 💰 Minimum Deposit | $250 / R 4 199,38 |
| 💳 Deposit Options | Visa, MasterCard, Discover credit and debit cards, bank wire, Skrill, NETELLER, Wire Transfer, Perfect Money, QIWI, WebMoney, SafeCharge, eMerchant, MoneyNetlnt Limited, OKPAY, Gate2Shop, Acapture |
| 💳 Withdrawal Options | Visa, MasterCard, Discover credit and debit cards, bank wire, Skrill, NETELLER, Wire Transfer, Perfect Money, QIWI, WebMoney, SafeCharge, eMerchant, MoneyNetlnt Limited, OKPAY, Gate2Shop, Acapture |
| 💻 Platform Types | MT5 |
| 📱 OS Compatibility | Desktop, Web, Android, iPhone, iPad. |
| 📈 Tradable Assets | Forex Currencies, Indices, Commodities, and Crypto |
| 👨💼 Languages supported on Website | English, Bulgarian, Vietnamese, Arabic, Chinese, Filipino, Indonesian, Japanese, Portuguese, and Thai. |
| 👥 Customer Support Languages | English, Bulgarian, Vietnamese, Arabic, Chinese, Filipino, Indonesian, Japanese, Portuguese, and Thai. |
| 📆 Customer Service Hours | 24/7 |
| 👉 Open a account | 👉 Click Here |
RS MARKETS Review – 20 key points quick overview:
RS MARKETS at a Glance- RS MARKETS Review – 20 key points quick overview:
- RS MARKETS Overview
- RS MARKETS Safety and Security
- RS MARKETS Leverage
- RS MARKETS Accounts
- RS MARKETS Market instruments
- RS MARKETS Fees
- RS MARKETS Deposit and Withdrawal
- RS MARKETS Trading platforms
- How to open an RS MARKETS account step by step
- RS MARKETS Customer support
- RS MARKETS Education
- RS MARKETS Research
- RS MARKETS Awards
- RS MARKETS vs Etoro vs XM – Comparison Table
- RS MARKETS Pro and Cons
- Conclusion
- Disclaimer
- Frequently Asked Questions
RS MARKETS Overview
According to research in South Africa RS MARKETS is a forex broker either in St. Vincent and the Grenadines or elsewhere.
Their website gives no indication of a location or regulation, but the address in the legal documents indicates that the broker is located in St. Vincent and the Grenadines.
St. Vincent and the Grenadines is a popular location for brokers since it has dubious financial regulations, in fact, it only has a registering body for financial institutions.
RS MARKETS was founded in 2019 and claim to be a professional team of FX and trading industry experts that provide new and experienced traders with a platform and tools for varied trading strategies and styles.
RS MARKETS further claims good customer support and technological innovation, institutional-grade execution, negative balance protection, and a secure client environment.
RS MARKETS Safety and Security
One of the best benchmarks to measure the safety of a broker like RS MARKETS is to establish which regulating authorities are watchdogs over its actions.
RS MARKETS Limited is registered in St. Vincent and the Grenadines as an International Business Company by the Financial Services Authority. RS MARKETS however has no license to provide financial services on regulated markets like the EU, the UK, Canada, Australia, the U.S., or Japan.
RS MARKETS promises its clients to secure funding options for direct transactions.
RS MARKETS 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.
Leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.
RS MARKETS offers a maximum leverage ratio of 1:400
RS MARKETS Accounts
A forex account at RS MARKETS 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.
RS MARKETS offers the following types of accounts:
Demo Account
RS MARKETS offers demo accounts with which traders can practice their skills unlimitedly before attempting live trading.
Zero Account
A Zero account can be opened with a deposit of $250. The maximum leverage ratio allowed is 1:400 and spreads start from 1,6 pips.
Pro Account
This account comes with the industry standard MetaTrader5 platform and leverage of 1:400, with varying spreads. No prescribed minimum deposit requirement is mentioned on the website.
RS MARKETS 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.
Cryptocurrencies
Bitcoin (BTC) is the digital currency with the largest market capitalization.
Litecoin (LTC) is similar to Bitcoin but differs in terms of scalability
Ripple (RPL) is popular among big banks with the Ripple network a next-generation real-time gross settlement system.
Ethereum (ETH) is the second largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform.
Bitcoin Cash (BCH) was created by the Bitcoin hard fork in 2017 as a new version of the blockchain with different rules.
RS MARKETS offers the following of the above: Forex Currencies, Indices, Commodities, and Cryptocurrencies. These instruments include more than 50 forex pairs and various CFDs on indices, energy commodities like oil, and precious metals like silver and gold.
RS MARKETS Fees
Cost depends on different factors, like spread and margins, and RS MARKETS 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.
RS MARKETS charges different fees, including administration fees for payments processing by debit, credit card, or bank wire, trading commissions, financing fees, market data fees, third-party payment processing fees, and account inactivity fees.
EURUSD spread floats from 1,6 pips and RS MARKETS seems to charge a trading commission of 5 EUR per lot.
RS MARKETS Deposit and Withdrawal
RS MARKETS requires a minimum deposit of $250 to open its Zero Account. Accounts can be funded in USD or EUR.
Deposits made in a different currency are levied by 3% plus the applicable conversion rate taxes. Although the website states that no deposit fees are charged, the Tariffs and Fees document reveals that deposits are charged with a maximum of 6%.
The legal documents further suggest that users can fund an account via credit or debit cards, bank transfers, and e-payment options, of which one is via crypto while Skrill, NETELLER, Wire Transfer, Perfect Money, QIWI, WebMoney, SafeCharge, eMerchant, MoneyNetlnt Limited, OKPAY, Gate2Shop, and Acapture are also mentioned.
The preferred payment method seems to be crypto coins Bitcoin, Ethereum and Ripple though.
RS MARKETS Trading platforms
The forex trading platform provided by RS MARKETS to its clients is in essence the software to carry out their trades. Some brokers provide only one, others quite a few platforms.
A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.
RS MARKETS provides MetaTrader 5 (MT5) as a trading platform.
MT5 is a powerful trading platform that features many customizable market indicators and trading robots to assist traders with automated trading. It has an economic calendar integrated with the charts, and the charting tools are quite useful.
How to open an RS MARKETS account step by step
Opening a Account with RS MARKETS is a relatively simple process, which will consist of the following steps:
Step 1 – Open Your Account
Visit the RS MARKETS website, Click on “Contact Us” in the middle of the website
Similarly to a bank, to register a forex trading account with RS MARKETS for the first time, you will be required to go through a basic “know your customer” process, which will allow RS MARKETS to ascertain that your submitted details and ensure the safety of your funds and account details.
RS MARKETS 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 RS MARKETS, customers can reach the support team by means of a live chat, email, or phone. They can also log in to a secure client area and submit a question.
RS MARKETS Education
Before starting to trade, potential clients of RS MARKETS should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.
RS MARKETS’ website does not offer visible educational content.
RS MARKETS 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 profitable as possible.
With RS MARKETS they have very little access to research options on the website, except for an economic calendar and those available on the trading platform itself.
RS MARKETS Awards
Being an awarded company instills extra confidence in traders. Although RS MARKETS is acclaimed by customers, there is no indication of awards won on its homepage.
RS MARKETS vs Etoro vs XM – Comparison Table
| 🔎 Broker | 🥇 RS MARKETS | 🥈 eToro | 🥉 XM |
| 💰 Minimum Deposit | $250 / R 4 199,38 | $1000 USD | $5 USD |
| 📝 Sign-Up Bonus | ☑️ Yes | ☑️ Yes | ☑️ Yes |
| ➕ Max. Leverage | 1:400 | 1:400 | 1:888 |
| 💵 Currency Pairs | 50 | 47 | 57 |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
RS MARKETS Pro and Cons
| ✔️ Pros | ❌ Cons |
| High leverage offered | Not regulated |
| Demo account | Website lacks important information |
| Variety of trading instruments |
Conclusion
Overall, RS MARKETS is a trustworthy and reliable broker that provides traders with great digital tools.RS MARKETS provides MetaTrader 5 (MT5) as a trading platform. RS MARKETS has Leverage 1:400.
Disclaimer
RS MARKETS warns potential customers that Forex and CFD trading always carries a high risk and may not be suitable for all investors.
Before deciding to trade with RS MARKETS, 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.
RS MARKETS 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 RS MARKETS 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 RS MARKETS?
You can trade several different instruments with RS MARKETS, which include the following:
Forex Currencies
Indices
Commodities
Cryptocurrencies
Which platforms are supported by RS MARKETS?
RS MARKETS provides MT5 as a trading platform.
Does RS MARKETS offer leverage?
Yes, RS MARKETS offers leverage up to 1:400.
What spreads can I expect with RS MARKETS?
RS MARKETS offers spreads from 1,6 pips.
Does RS MARKETS charge a commission?
More information on commissions may become available after opening an account.
RS MARKETS offers a fair trading environment for most traders.
What is the overall rating out of 10 for RS MARKETS?
4/10
Featured SA Shares Writer and Forex Analyst.
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