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RingoTrade Review: Is Ringotrade Legit Or Scam? Find Out From This Review

Details

Broker Ringotrade
Website URL https://ringotrade.com
Founded 2021
Headquarters St. Vincent and the Grenadines, Kingstown, Beechmont, Suite 305, Griffith Corporation Center
Support Number 0312979700
Support Types Live chat, email and phone calls
Trading Platform Binary options,
Minimum 1st Deposit $10
Minimum Account Size $10
Minimum Trade Amount $1
Bonus $200
Payout 95 to
Free Demo Account Open Demo
Account Types Demo and real account
Deposit Methods QuickPay. Qiwi. Mobile. Rosinbank. Elsom. Bank transfers. Plastic cards of financial institutions.
Withdrawal Methods QuickPay. Qiwi. Mobile. Rosinbank. Elsom. Bank transfers. Plastic cards of financial institutions.
Expiry Times 60seconds to 30minutes
Option Types higher / lower, touch, designer, combo options, classic options, turbo options or stepped.
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 4

Pros

  • Low minimum deposit, 24/7 customer support, 100% bonus,

Cons

  • Can only access the site via Russian language, not regulated by major regulatory agencies, still new,

Ringotrade Review: is RingoTrade legit or scam? Should I open an account with the broker. Only if this review you can make such decision,

Raceoption platform

RingoTrade is a new binary option broker that was founded in 2021. However according to whois, the domain has been in existance since 2016. Investing in global financial markets has become easier than ever but were to invest is never easy. To improve your trading skills, you need a broker that is qualified to provide it. Some brokers like RingoTrade, assume to be best with education and platform. But that’s completely words of mouth. However before the end of ringotrade review, we will conclude if they worth trying or not.

RINGOTRADE REVIEW

Ringotrade review

Ringotrade claim to be the leading financial broker in Kyrgyzstan since 2016. But the fact is that they started existing in 2021. The broker is under Binolux Ltd, registered under St. Vincent and the Grenadines with registration number 25489, registered at: St. Vincent and the Grenadines, Kingstown, Beechmont, Suite 305, Griffith Corporation Center. The platform seems to be good but the only operate Russian language. RingoTrade provides individual and free training for both beginners and advanced traders in modern and comfortable brokerage clubs in Bishkek. However the most important of it all is the platform offered with intuitive interface. Good customer support and low minimum deposit, more-so, the company seems to offer direct support at their branch.

ACCOUNT TYPES

Ringotrade offer demo account and real account. However on the demo account you just have to open account and start practicing. The demo platform looks like the real account platform. No deposit required but the account is funded by the broker with virtual money. The real account is good with low minimum deposit of 10$. However on this account, you get high payout, 24/customer support and bonuses. We might not be able to give you all information about the broker because the language doesn’t change.

PLATFORM

Ringotrade platform

As said, Ringo Trade is always at hand help you with their platform.
The RingoTrade trading platform is always on hand on your favorite mobile device.
However the benefits of the platform are cutting-edge technology to operate the platform quickly and steadily. No delays and the most accurate quotes. The trading platform is available 24 hours a day. RingoTrade’s customer service is 24×7. And they are continuously adding new financial instruments.

 

MAIN INDICATORS OF THE COMPANY RINGOTRADE

The official website of RingoTrade platform claims that this service is the first binary options broker in Kyrgyzstan. Even with a superficial study of the site, we can conclude about the professionalism of its creators. Nothing more, each section of the service is designed to perform certain functions. Convenient interface allows you to quickly navigate and explore the structure of the resource, without assistance. See our guide on how to trade binary options 

RINGOTRADE SECURITY

The company in question uses classical methods to ensure the security of its clients, like any other binary options broker. These include:

  • Keeping users’ funds in separate accounts.
  • The use of automatic SSL transaction encryption system.
  • Used for work RingoTrade application and other software services, which is constantly being tested and updated.
  • In case of force majeure situations, the user of the trading platform may contact support representatives. They work around the clock, seven days a week. In order to contact the experts are provided: e-mail, online chat or phone.

RINGOTRADE REGULATORS

One of the main drawbacks of this service is the lack of licenses for the right to engage in financial activities issued by reputable organizations. Elimination of this negative factor will make it possible to significantly raise the company’s rating and reach a higher level of work in the global financial market. Many experienced traders are advised to register a login on RingoTrade, without fear of any trouble from the broker, despite the absence of these documents.

RINGOTRADE TRAINING

The organizers of the presented project simply could not ignore the oriental temperament of their clients. In the capital of Kyrgyzstan, there are nearly a dozen brokerage clubs that ideally combine the ability to carry out financial operations with the traditions of this state. In such brokerage rooms, a novice trader can see how deals are made, what you need to know in order to correctly predict changes in the value of available assets, etc.

As for theoretical training, this issue is also given a lot of attention. Novice traders can complete a full course of study and then test their strength in practice using a demo account posted on RingoTrade.

IS RINGOTRADE LEGIT?

Is ringotrade legit or just scam? Well this platform is new and not older than 3 months but to offer the best platform. They claim to have started since 2016, however everything about them is just starting. To cut everything short, this platform is not secure for investors and traders. Even if you can go to their head office, what we are talking about is platform and it’s not super good for us. Therefore ringotrade legit not legit and not reliable enough to invest in. The best platform to trade binary options is Raceoption broker. Compare broker with quotex broker see review.

RINGOTRADE TERMS & CONDITIONS

General requirements for users who choose to work on this trading platform are not much different from the conditions of other brokers. The trader must register, deposit the required amount, choose the direction that is most interesting for him, and get to work.

GENERAL TRADING CONDITIONS RINGOTRADE

  • The minimum deposit is $ 0.07 (or 5 Kyrgyz soms)
  • Rate – 0.7 US dollars. (or 50 Kyrgyz som)
  • The minimum amount for withdrawal is 1 som ($ 0.014).
  • Account currency – Kyrgyz som.
  • Types of options – higher / lower, touch, designer, combo options, classic options, turbo options or stepped.
  • Potential trader’s profit is up to 95% for each successful transaction.
  • Trade using mobile devices – provided.
  • It is possible to work with popular cryptocurrencies.

DEPOSIT AND WITHDRAWAL METHODS

After completing the course of training and training on demo accounts, the novice trader can replenish his trading account and start his first financial transaction. In the reviews compiled about RingoTrade platform, their authors argue that the Kyrgyz trading platform provides a wide range of ways to replenish the deposit:

  • QuickPay.
  • Qiwi.
  • Mobile.
  • Rosinbank.
  • Elsom.
  • Bank transfers.
  • Plastic cards of financial institutions.

 

TRADING ASSETS RINGOTRADE

When compiling RingoTrade review, many users of the resource pay little attention to the assets and tools that they used to conduct financial transactions. The administration of the trading platform assures that on the site, besides transactions with traditional currency pairs, you will have the opportunity to work with cryptocurrencies, stock indexes and material resources. The main thing is to know all the factors affecting the value of assets and never turn this business into a regular casino.

CONCLUSION

Finally we will conclude our RingoTrade Review by telling you to stay away from this broker now. The platform have little domain Authority and traffic score. Therefore they have little to offer and small users. Trading with ringotrade broker might not be easy as said. Ringotrade platform is not legit, have low quality service and experience. Since they offer binary options, you can trade binary options with expert broker. Open account with Raceoption and recieve bonus up to 100%.

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