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Ruizean Markets Review

Ruizean Markets is the brand name of Ruizean Markets Pty Ltd. It is authorized and regulated by the Australian Securities and Investments Commission (ASIC) under license number 438402. Ruizean Markets is an Australian brokerage that only provides services to clients who meet the definition of ‘wholesale’ client under the Corporations Act 2001.

Trading assets include over 65 currency pairs, 4 commodities, and 13 indices.

There are two types of accounts. The Standard account offers commission free trading and spreads starting at 1.8 pips for the major currency pairs. The PRO account offers spreads close to zero at the expense of the USD3.5/lot commission. The leverage can be lifted up to 1:400 for both accounts. Ruizean Markets offers so-called VPS Hosting. This is a dedicated server in a shared hosting environment that allows you to run automated trading strategies, including expert advisors regardless of your connectivity. It also reduces slippage. You can only deposit funds by bank transfer.

Customers can trade through the MetaTrader 4 trading platform (MT4). The MT4 terminal has an intuitive user interface with highly customizable features and is well-liked by global investors. It allows traders to program their own trading strategies and comes with an advanced charting system. The platform supports the MQL language, and the Expert Advisor trading system (EA).

The company provides its services to institutional clients only and that is why they are not covered by negative balance protection. Ruizean Markets warns that there is a risk that you may lose more than your deposit. The Account Terms document reveals that Ruizean Markets acts as principal in respect of the Financial Products issued by Ruizean Markets. It is also written: ‘We and our related bodies corporate may enter into Transactions with you as principal. When permitted by law and the Rules, we or an associate may take the opposite position in a Transaction with you. Your Orders may match opposite Orders of another person who is our Client, and this may entitle us to receive commission from both Transactions. Similarly, because we deal as principal, then your Orders may match opposite Orders entered by us as principal.’ That means the company is a market maker, which leads to a conflict of interest, as Ruizean Markets benefits from customer losses. The same document informs that if a market price falls or rises without the opportunity to trade, it can result in significant losses even when a stop loss has been put on because it may not be possible to transact at the nominated price if the market has gapped. Thus, stop loss orders are not guaranteed and will be filled at the first available market price.

In general, the company only provides services to institutional clients who are not covered by negative balance protection. You can use one of the most popular terminals – MT4 but only few instruments are available for trading. The company is a market maker that provides leverage of up to 1:400, but the higher it is, the greater the risk of large losses.

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