Forex and CFDs on Indices and Commodities are the core of RannForex’s business.
RannForex is founded and actively managed by Dmitry Rannev. Mr. Rannev has over 15 years of experience in the industry.
RannForex broker offers the best environment for scalpers, high frequency traders and intraday traders by providing ECN raw pricing on a wide range of trading instruments.
👍 RannForex offers traders ECN trading, a large number of trading accounts to choose from and raw pricing. RannForex is registered with SVG FSA, but the broker’s Forex trading is not regulated by any financial regulatory body yet, maybe the reason is that the company is newly established. Despite the lack of regulations, we consider RannForex trustworthy thanks to the fact that the company is managed by a reputable CEO and a team of professionals, also running other fintech firm behind the trading execution for top 10 Forex brokers.
RannForex offers market spreads for active traders. Traders that are using algorithms, scalping and intraday trading can make good use of the broker’s trading platforms.
| Assets | Fee Level | Fee Terms |
| US500 CFD | Low |
Starting from 0 pips. Average spread on the US 500 index CFD is 8 pips. In addition, 4 USD commission (for one side) on MT5.ECN, MT5.PRO and MT4.PRO account types. Commission on the PAMM account is 5 USD (for one side). |
| Europe50 CFD | Low |
Starting from 1 pip. Average spread on the STX50 (Europe 50) index CFD is 8 pips. In addition, 4 USD commission (for one side) on MT5.ECN, MT5.PRO and MT4.PRO account types. Commission on the PAMM account is 5 USD (for one side). |
| EUR/USD | Low |
Pricing on instruments is raw. Spreads are starting from 0 and an average spread on EUR/USD is 0.1 pips. In addition, 4 USD commission (for one side) on MT5.ECN, MT5.PRO and MT4.PRO account types. Commission on the PAMM account is 5 USD (for one side). |
| Inactivity FEE | Yes | 10 USD inactivity fee per month after 12 months of inactivity. |
In trading you will come across direct trading related trading fees such as commissions and spreads that are charged whenever traders start opening positions. In addition, there are non direct trading fees, such as inactivity fees, deposit and withdrawal fees. Moreover, traders are charged with swaps for keeping the positions open overnight.
| RannForex | XM | Axi | |
|---|---|---|---|
| Account fee | No | No | No |
| Inactivity fee | Yes | No | No |
| Withdrawal fee | 2% | $0 | $0 |
As you can see, the broker has non trading fees that include inactivity and withdrawal fees. Inactive accounts are charged by 10 USD per month after 12 months of inactivity. Keep in mind that funds deduction will continue unless the account remains inactive and the account balance amount reaches 0.
Focused on CFDs & Forex RannForex will only let you trade CFDs on Stocks & ETFs, Commodities, Crypto and Indices.
| RannForex | XM | Axi | |
|---|---|---|---|
| Stock | - | - | - |
| ETF | - | - | - |
| Forex | 60 | 48 | 34 |
| Fund | - | - | - |
| Bond | - | - | - |
| Options | - | - | - |
| Futures | - | - | - |
| Cfd | 196 | 122 | 51 |
| Crypto | 130 | 5 | 3 |
RannForex offers 60 currency pairs, including majors, minors and exotics. Moreover, there are 7 commodities as CFDs such as:
In addition, there are 9 most popular indices available for trading. The list includes: ASX200, CAC40, DAX30, DJI30, JP225, NQ100, SP500, STX50 and UK100.
At the time of the review Milton Prime hasn’t offered any stock and ETFs directly.
Account opening with RannForex is quick, fully digital and user friendly. In addition, you can always contact the customer service for guidance. The moment you open the broker’s web page, you will open an account and client cabinet buttons in orange at the top of the page.
RannForex accepts clients from all over the world. The only exception is the USA. Unfortunately clients from the US can’t open trading accounts with this broker.
RannForex has no limits on how much you can deposit. You can start live trading with as much money as you wish. Which is great news as traders can test the broker policies, access live spreads and get a clear picture about trading fees without risking large amounts of capital.
All of the account types offered by RannForex have market spreads. No spread markups from the broker. However, traders will be charged with commissions.
| Accounts | MT5.ECN | MT5.PRO | MT4.PRO | MT5.CRYPTO.FUT | PAMM |
| Commission per lot (round turn*) | $20 per 1 million USD (for one side) – or around 8$ per lot round turn | $20 per 1 million USD (for one side) – or around 8$ per lot round turn | $20 per 1 million USD (for one side) – or around 8$ per lot round turn | 0.16% round turn commission | $25 per 1 million USD (for one side) – or around 10$ per lot round turn |
| Spread | From 0 pips | From 0 pips | From 0 pips | From 0 pips | From 0 pips |
| Trading platform | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4, MT5 |
| Minimum trading size | 0.01 lot | 0.01 lot | 0.01 lot | 5 USDT | 0.01 lot |
| Islamic account available | Yes | Yes | Yes | Yes | Yes |
Opening an account for trading with RannForex is easy and an initiative. The difficult part is choosing between the account types. Keep in mind that during registration and account opening process, you should choose an account base currency that you can use in your day to day life. For instance, if you are generally using Euros, choosing USD as your account base currency will cost you conversion fees when depositing and withdrawing money on your account.
Once you register as a trader and open an account, the second stage is to Deposit funds to your trading account and start placing orders. There are multiple ways that you can use to transfer the funds. Keep in mind that some transfer options are instant and free of any charge. Such as credit and debit card options and most of the e-wallets.
There’s no deposit fees charged by the broker from it’s end.
| RannForex | XM | Axi | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/Debit card | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes |
Keep in mind that the broker has 2% withdrawal commission when you withdraw money back to your bank account. It means that when withdrawing every 100 USD, 2 USD is deducted by the broker.
| RannForex | XM | Axi | |
|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes |
| Credit/Debit card | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes |
| Withdrawal fee | 2% | $0 | $0 |
RannForex provides its clients with access to MetaTrader softwares. MetaTrader software was developed by Russian software company MetaQuotes. You can download and install the platforms on your computer. In addition, there are mobile versions on app stores and play stores.
MetaTrader 4 was first introduced to the world of Forex in 2005. Since then the platform has gained popularity and nowadays is the most actively consumed platform among forex traders. MT 4 is simple and might look outdated for some. However, the platform is super powerful and reliable. Which is the reason why it’s still relevant today.
MetaTrader 5 was introduced 5 years later. The platform enables traders to invest in multiple asset classes such as Indices, FX, Commodities, Cryptos, etc. Both MT4 and MT5 are world class and highly popular platforms.
When it comes to customer service, the company truly shines. You can reach the broker using different methods. You can send them an email, join telegram chat, or live chat straight from their web page. In addition, you can contact them via social media including: Facebook, Vkontakte, Instagram and Google. Traders have the opportunity to directly communicate with the RannForex’s founder and CEO Mr. Dmitry Rannev.
The answers from RannForex customer support are swift, professional and very helpful. Customer service is definitely this company’s strength.
RannForex offers economic calendar, Auto signals, tick history and quote archive to its traders. The tools are useful for predicting the future price and backtesting trading strategies using the archives and tick history.
RannForex is not regulated by any financial regulatory body, but has applied for Seychelles license (FSA) at the time of the review (9.2022). Obtaining a a regulation licences cost a lot and newly established brokerages might not have all the resources to purchase a license. This being said, based on our experience, it usually take up to a year to obtain the license. In addition, the broker doesn’t offer negative balance protection and traders need to be extra cautious when placing orders. On the upside, RannForex is managed by experienced founder and CEO Dmitry Rannev; the brokerage commitment to full transparency of and 100% A-Book model make foster zero conflict interest with clients, the broker merely passes the flow to it’s liquidity providers. Having professional and reputable management in place definitely increases the safety level of the brokerage.
Trading costs with RannForex are affordable. The broker is especially attractive for intraday traders, scalpers and high frequency traders due to market spreads. The broker is managed by a team of professionals, including the founder and CEO Dmitry Rannev (founder of AMTS, a tech provider behind execution technology at one of top Forex brokers), which makes the broker credible. However, at the moment of the review the broker still lacked license from regulatory bodies. Products offered include a large pool of currency pairs, indices, commodities and cryptos. Account opening process is fully digital and intuitive. Trading platforms offered are MetaTrader 4 and MetaTrader 5. Traders can also tap into money management services by either offering their own services or following RannForex’s existing traders.
Overall, RannForex is worth a try for traders who are looking for ECN brokers with lowest raw market spreads.
| 🏛 Country of regulation | N/A |
| 💸 Trading fees class | Low |
| 💸 Inactivity fee charged | 10 USD per month after 12 months of inactivity |
| 💸 Withdrawal fee amount | 2% |
| 💸 Minimum deposit | $0 |
| ⏰ Time to open an account | 24 Hours |
| 💳 Deposit with credit card | Yes |
| 👛 Depositing with electronic wallet | Yes |
| 🎮 Demo account provided | Yes |
| 📊 Products offered | Forex, CFD, Crypto |
Existing partners
& sponsors
Existing partners
& sponsors