RannForex is a legally registered forex broker located in Saint Vincent and the Grenadines, but not regulated by any government agency.
RannForex accepts clients from all over the world, excluding USA and some other countries where restrictions apply.
Forex broker offers the following underlying assets for trading.
|60+ Currency Pairs||Based on major and minor world currencies.|
|300+ Crypto Pairs||Quite a lot of cryptocurrencies offered on the MT5.CRYPTO.FUT account (Binance liquidity).|
|9 Indice CFDs||Based on baskets of different blue-chip stocks.|
|3 Metal CFDs||Based on Gold, Silver and Platinum.|
|3 Energy CFDs||Based on Crude Oil (WTI, Brent) and Natural Gas.|
Based in Saint Vincent and the Grenadines and set up as early as in 2013, RannForex is a forex & CFD broker that offers high trading leverage, a decent range of trading instruments, and a long and successful track record in the brokerage industry.
What makes RannForex stand out the most from other brokers we have reviewed here on FX-List is the special trading account it offers that gives access to liquidity in crypto markets from Binance. Binance is a major crypto exchange that is currently ranked as the largest such marketplace in the world by trading volume. The exchange supports a large range of trading instruments, including many crypto-to-crypto and crypto-to-fiat pairs.
To take advantage of Binance’s liquidity through RannForex, users need to sign up for the account type called MT5.CRYPTO.FUT. This account is denominated in the stablecoin Tether (USDT), has no minimum deposit, but comes with a minimum volume requirement of 5 USDT. The commission to trade with this special crypto account is 0.08% for one side.
Another special account type from RannForex is the PAMM account that uses liquidity from AMTS Invest, a type of PAMM marketplace popular in the Russian forex trading community in particular. PAMM stands for Percentage allocation management module, and is a type of account where money from different investors can be pooled together to be managed by a single trader who then acts as a fund manager for others.
Besides these two special account types, RannForex also offers three standard types of trading accounts: the commission-based accounts MT5.PRO and MT4.PRO, and the commission-free account MT5.ECN.
The maximum leverage available from RannForex is 1:500 for all the account types except the crypto account, where leverage is limited to 1:20.
One important thing to note about RannForex is that the deposit and withdrawal methods differ a bit from other brokers. While some e-wallet services like AdvCash, Perfect Money and TC Pay are accepted, the broker does not accept credit cards or even bank transfers. Instead, crypto deposits can be used, either via Binance Pay in USDT, USDT sent directly to the broker’s wallet, or Bitcoin (BTC) sent via the third-party payment processor Mercuryo.
Most funding methods are credited to the client’s account immediately, but the broker notes on its website that on-chain crypto deposits may take up to a few hours to be credited.
The instruments that RannForex offers includes several hundred crypto pairs through the dedicated crypto trading account, more than 60 forex pairs, as well as CFDs on precious metals, oil and natural gas. The broker also offers a good selection of major stock indices as CFDs, but no single stocks.
In terms of trading platforms, RannForex supports both the classic MetaTrader 4 (MT4) platform as well as its successor MetaTrader 5 (MT5). Both of these platforms are well-known in the forex trading community. They give access to great charting tools, and a selection of technical indicators and trading strategies that is more or less unmatched anywhere.
All in all, we believe RannForex is a broker that has a solid track record in the industry, and that it has a pretty good offering for traders. Still, it’s worth reminding traders that this is an offshore-registered forex broker that is not regulated by any government. As such, depositing money with it comes with certain risks in the event of for example a bankruptcy. As always, we therefore recommend to do thorough due diligence before depositing money with any offshore forex broker.