RannForex
Cheated by a financial organization, does not withdraw money? Do you want to check the financial company?
RannForex – another fake project, reviews of the broker, evidence of fraud
This is a fake offshore company that offers clients various tools supposedly for stable income. But this is just another bluff. Since the service does not have a single document giving the right to provide services in this niche.
| Status |
SCAM |
| Year of foundation |
2017 |
| Affiliate program |
Yes |
| Regulation and jurisdiction |
Saint Vincent and the Grenadines |
| Website |
https://rannforex.com/ |
| Contacts |
First Flour, First Saint Vincent Bank Ltd. Building, James Street, Kingstown, St. Vincent and the Grenadines |
- Variety of trading accounts and trading platforms
- Availability of a mobile application with constant access to the terminal
- Availability of a PAMM account
- Offshore registration and lack of official license
- No demo account for beginners
- There is no information regarding the minimum deposit
| Trading Platform |
MT4 MT5 Webtrader Mobile platforms |
| Types of accounts |
МТ5 Pro MT4 Pro МТ5 Zero МТ5 Crypto Fut МТ5 IPO PAMM |
| Currency |
USD, EUR |
| Deposit/withdrawal |
Credit cards Visa/Mastercard/Maestro Electronic wallets International payment systems PerfectMoney, GlobalNet |
| Minimum deposit amount |
No information |
| Leverage |
1:100 |
| Min order |
Up 0.01 |
| Spread |
Up 0.0 pips |
| Financial Instruments |
CFDs on stocks and indices, currency pairs, Forex, precious metals, commodities |
| Bonus |
No |
Analysis of RannForex company
RannForex was founded by D. Rannev, known in the Russian forex segment under the nickname Rann. The developer has extensive experience in the financial sector, including work at the Central Bank of the Russian Federation, Alpari, where he was a member of the board of directors, and at GKFX as CEO. He also heads AMTS Solutions, a company specializing in software development for brokers.
The idea of creating your own broker came back in 2013, when the company was registered and the domain rannforex.com was acquired. However, the concrete implementation of the project began only several years later.
The goal and mission of RannForex is to provide clients with not just good, but the best trading conditions, close to institutional ones. The company strives for the absence of trading and operational risks, ensuring the stability and reliability of its services. Particular attention is paid to transparency and openness in work, which promotes trust on the part of clients. Dmitry Rannev emphasizes the importance of personal communication with clients and strives to create a unique show around the broker in order to attract attention and interest in the company.
RannForex is registered under the name RANN LIMITED LLC, with an address in Charlestown, Nevis. Also mentioned is RD Global Solutions LP, based in Edinburgh, UK, which is involved in the site’s operations.
This information gives an idea that RannForex is a project with a strong focus on innovation, transparency and quality of service, based on the deep knowledge and experience of its founder in the field of forex and finance. The problem is that in reality we are dealing with an offshore organization that refers to fake addresses.
The office is not regulated by anyone. There is not even a footnote on the site for normal auditors, and in particular there is not even a license from the Central Bank of the Russian Federation. Although if you believe the legend, the author of the project worked in a bank.
Contact formats with RannForex
The fake broker offers the following options:
- Toclients can write to the company’s email address [email protected];
- A feedback form is available on the RannForex official website, where clients can leave their question or message. The support team promises to respond as soon as possible.
These communication methods are intended for the convenience of customers, allowing them to obtain necessary information or assistance regarding the company’s services.
Overview of trading conditions
The following types of trading accounts are available at RannForex:
- MT5.PRO. Accounting: hedging or netting. Minimum deposit: none. Minimum volume: 0.01 lot. Maximum volume: 100 lots. Leverage up to 1:500. Locked margin: 50%. Commission: $20 per 1 million USD (per side), about $4 per lot. Swap: market. Stop out: 60%;
- MT4.PRO. Similar conditions as MT5.PRO;
- MT5.ZERO. Minimum deposit: none. Minimum volume: 0.01 lot. Maximum volume: 100 lots. Leverage: up to 1:500. Locked margin: 50%. Commission: 0. Swap: market. Stop out: 60%;
- MT5.CRYPTO.FUT. Currency: USDT. Accounting: hedging or netting. Minimum deposit: none. Minimum volume: 5 USDT. Maximum volume: none. Leverage: up to 1:20. Locked margin: 50%. Commission: 0.08% (per side). Swap: market. Stop out: 60%;
- MT5.IPO. Currency: USD. Accounting: hedging. Instruments: IPO, Pre_IPO. Minimum deposit: none. Minimum volume: 1. Maximum volume: 10,000. Leverage: 1:1. Locked margin: 100%. Commission: Trading commission and profit commission. Swap: none. Stop out: absent;
- PAMM amtsinvest.com. Currency: EUR, USD. Minimum deposit: none. Minimum volume: 0.01 lot. Maximum volume: 100 lots. Leverage: up to 1:100. Locked margin: 50%. Commission: $25 per 1 million USD (per side), about $5 per lot. Swap: market. Stop out: 60%.
The commission for indices and cryptocurrencies is individual and is indicated when communicating with managers. On MT5.ZERO accounts the commission is included in the spread. The swap contains a markup. For Pre-IPO, the trading commission is 10%, of the profit 25%. For IPO: opening 6.2%, closing 1.8%, from profit 25%.
Financial transactions with RannForex
Regarding which payment directions the office supports:
- Advcash. Currency: EUR, USD. Commission: 1%. Transfer time: Instantly;
- Perfect Money. Currency: EUR, USD. Commission: 2.5%. Transfer time: Instantly;
- Binance (USDT). Currency: USDT. Commission: 0%. Internal transfer to Binance, minimum 500 USD;
- Internal translation. Currency: EUR, USD. Commission: 0%. Transfer time: Instant. If the account currencies are different, the conversion fee will be 2%.
The site does not provide specific information about withdrawal methods, but they are generally similar to deposit methods. It is important to note that additional fees and restrictions may apply when withdrawing funds, depending on the method chosen.
RannForex reviews
There were no problems finding comments. There are plenty of reviews online that the broker is throwing away money.
There are those who fell for the persuasion of managers, after which they only found out that the company was providing services illegally.
The office does not withdraw money, applications are rejected, users are left without funds.
We continue to remind you that chargeback exists. This option allows
return the money. This procedure is available to everyone, but is used by only a few. You can consult the intricacies of forcing a transaction cancellation. Just write to us.
Verdict RannForex
We invite you to familiarize yourself with the signs of fraud that have been detected:
- false officenot regulated by any financial authorities;
- registration in an offshore zone. The company is registered in the Seychelles, which is often associated with a low level of financial control and regulation;
- dubious image of the author of the service. Despite the fame of the founder Dmitry Rannev in the Russian forex market, his reputation does not guarantee the honesty and transparency of RannForex;
- According to user reviews, RannForex often does not fulfill withdrawal requests, which is a serious sign of fraud;
- the website provides limited and incomplete information about its services and trading conditions;
- high spreads and commissions. The spreads and commissions indicated on the site are higher than those of most competitors, which may be disadvantageous for traders;
- limited methods for depositing and withdrawing funds, and in general, not withdrawing money taking into account customer feedback;
- There are no working and operational methods of communication with support.
These signs indicate that RannForex is a classic kitchen that has nothing in common with a normal, stable functioning broker.
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FAQ
Customer reviews are one of the main criteria that influences the placement of a broker in the ranking of the best companies. You can see all reviews about RannForex on the company profile page.
Register on the Forex Rating website – it’s free and takes up to 5 minutes, taking into account the registration confirmation via the link that will be sent to your email. Detailed instructions on how to leave a review about RannForex can be found here.
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Expert opinion
RannForex is a forex broker founded and managed by Dmitry Rannev, a well-known figure in the Russian trading segment. The company’s main advantages include the use of advanced technologies from AMTS Solutions, high-quality liquidity from Admiral Markets, as well as low spreads and commissions thanks to the low-cost business model. The company focuses on the transparency of its work and open dialogue with clients, emphasizing the reputation of Dmitry Rannev.
At the same time, there is a lack of information about regulators and the fact that the company is registered in the Seychelles, which is a popular offshore destination for Forex brokers, where regulation and control over activities may be limited. It is also worth considering that the presence of low spreads and commissions does not always guarantee high quality of services or the financial reliability of the company. It is important to conduct additional research and assess all risks before starting cooperation with RannForex.