Home Forex Brokers Renesource Capital Review

Renesource Capital Review


Renesource Capital is one of Latvia’s leading brokers, licensed to trade foreign exchange since 2013. Renesource Capital offers the following assets, 90 currency pairs, gold and silver, CFD on energy, indices, and copper, and also options, ETF, stocks, futures, bonds, and commodities. The number of trading currency pairs is very diverse and is not offered by other currency brokers.

Renesource Capital was established in 1998 in Latvia as an investment broker. That same year he was licensed as a stock market professional to be able to carry out brokerage activities. It is in 2012 that he acquires the status of ECN Truefx broker, and in 2013 he definitively obtains the license of the Latvian Financial Market and Capital Commission (FCMC). With this new license, he began offering new investment services and began offering financial advice, foreign exchange operations, and issuing financial instruments.


Renesource Capital offers its clients several different types of accounts. Below is a summary of a few of them:


Renesource Capital has several trading platforms: Metatrader 4 (MT4), the most popular, and also other platforms such as Currenex and Integral, less popular.
Currenex trading platform is a leader in the trade process industry, as well as in price discovery and liquidity aggregation. It connects ECN forex traders and offers trades through Straight Through Processing (STP) technology. It is only available for Renesource Capital’s FX Prime account. Other forex brokers like FXCM also offer to trade on Currenex.
The Integral platform grants direct access to ECN exchanges. It also offers a flow of several liquidity providers and more than 80 currency pairs. Integral offers a great choice for aggressive high-volume traders. The platform is only available to customers with FX Prime accounts.

Another option is the QUIK trading platform, which is one of the most widely used trading systems for securities on Russian exchanges. J-Trader, a platform developed by Patsystems, is one of the trading systems most used for trading futures and options. The features that differentiate J-Trader are simplicity and ease of use. If you are interested in the quick execution of orders and an easy-to-use interface, J-Trader is a platform that you may be interested in. Other platforms offered by Renesource Capital are CQG and DMA. For more information, you can access the platform section of the broker’s page.


Renesource Capital offers maximum leverage of 1:100, this leverage can be low when we know of many brokers offering levels of 1:500. However, other brokers that are constrained by regulatory constraints, such as in Europe, have smaller leverage, for example, 1:30.


The minimum trade size to trade with Renesource Capital is 0.01 lots (micro lot).


Apart from spreads, PRO and PRIME accounts are subject to a commission of USD 25 for every USD 1.000.000 traded. The cost for inactive account maintenance is 50 USD. An inactive account is considered to be one that has had no movements for a period of 6 months.


Among the assets we can trade with Renesource Capital are Forex, CFDs, Stocks and stock options, futures and options, Bonds, and Over the counter instruments (OTC).


Renesource Capital, as we said, has a fairly large asset portfolio with up to 90 currency pairs. The broker offers spreads starting from 0 pips for accounts with $25 commissions for $1 million: FX Prime and FX Pro. For the Micro and Classic accounts, spreads start from 0.3 pips. According to the company, spreads are updated every six months but were last updated in 2014.


Renesource Capital has a minimum deposit requirement of only $10 for your micro account, up to $50,000 for the FX Prime account. This minimum deposit requirement is comparable to many regulated EU forex brokers that have a very small deposit requirement. In this way, these brokers are accessible to a majority of small retail investors.


This broker only accepts deposits through bank transfers. Neither credit cards nor electronic payment systems like Paypal or Skrill are accepted. You will have to accept the costs that your bank will pass on to you when making the bank transfer, and Renesource Capital charges a commission of USD 50 for each deposit in your trading account.


Similarly, Resource Capital only makes withdrawals via bank transfer to the same account from which the previous deposit was made. Charges for all withdrawals are subject to a $50 commission.


This broker processes withdrawals in 1 business day. Bank transfers take between 1 and 3 days depending on whether the transfer is between Latvian or international banks.


Resource Capital does not currently have any current bonus or promotion.


Renesource Capital lacks an educational platform and the only tool it has is a glossary of basic trading terms. We are missing a news section and an economic calendar with the most important events of the day.


Renesource Capital’s customer service offers 2 ways of contact, telephone, and email. We’re missing a live chat on the broker’s website.

Contact Information:

+371 67 092 737


Duntes str.15a, Riga, LV-1005, Latvia


The broker offers a Demo account on his website, which we consider good news, as a Demo account helps the novice trader learn how to use the platform without risking his own capital. The broker does not report whether this demo account is free, nor how much time the customer has available for its use.


We have not found among the information provided by the broker any restrictions on any jurisdiction that cannot operate with Renesource Capital.


Like most European financial market regulators, the FCMC has a set of rules and requirements to be met by the entities it oversees. Some of those requirements are to keep clients’ accounts in segregated accounts and be a member of a customer compensation system. In general, all forex brokers that are established in Latvia must be regulated by the FCMC.

Foreign exchange trading is one of the many investment options provided by the Latvian broker Renesource Capital. It has relatively low minimum deposit requirements, this can attract smaller retail traders. However, it seems that small traders are not their main target, as this broker does not offer commercial bonds that normally attract more customers.

Renesource Capital seems to be more interested in negotiating with institutional operators, and therefore provides the necessary conditions, with trading platforms such as Currenex and Integral, offering a lot of liquidity and a quick execution of orders. However, with the MT4 platform, retail traders are welcome.


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