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RTS Markets Review

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RTS Markets is a foreign exchange broker that is registered in the Republic of the Marshall Islands and is regulated in accordance with the Marshall Islands Business Corporation Act. The broker has been created for traders by traders, which is why they aim to offer unparalleled trading conditions designed to meet all realistic expectations of both professional and less-experienced traders.

RTS Markets is managed by professionals with a decade’s worth of experience in the financial industry. This knowledge translates into a wealth of benefits for their clients. From exceptional customer service to excellent trading conditions, they make sure that their clients are always their top priority. We will be looking into the services on offer to see if they live up to this expectation, or to see if they fall short.

Account Types

There are four different account types to choose from should you sign up with RTS Markets, we have outlined their main features below along with the requirements to open them.

Standard Account: This account requires a minimum deposit of $500, it uses market execution and comes with a spread starting from 2.5 pips. The account can be leveraged between 1:1 and 1:500 and can have a maximum of 200 orders at any one time. The margin call level is set at 100% while the stop-out level is set at 50%. There are no added commissions on this account, swap charges are present and the minimum trade size is 0.1 lot for shares and indices while it is 0.01 lots for all other instruments, the maximum trade size is 50 lots. The account can trade currencies, commodities, indices, shares, and bonds. The account must be in USD, EUR, or GBP and it has access to mobile trading and telephone trading.

Titanium Account: This account requires a minimum deposit of $5,000, it uses market execution and comes with a spread starting from 1.5 pips. The account can be leveraged between 1:1 and 1:500 and can have a maximum of 200 orders at any one time. The margin call level is set at 100% while the stop-out level is set at 50%. There are no added commissions on this account, swap charges are present and the minimum trade size is 0.5 lots for shares and indices while it is 0.1 lots for all other instruments, the maximum trade size is 50 lots. The account can trade currencies, commodities, indices, shares, and bonds. The account must be in USD, EUR, or GBP and it has access to mobile trading, telephone trading and has access to 24/5 brokerage support.

Premium Account: This account requires a minimum deposit of $20,000, it uses market execution and comes with a spread starting from 1 pip. The account can be leveraged between 1:1 and 1:500 and can have a maximum of 200 orders at any one time. The margin call level is set at 100% while the stop-out level is set at 50%. There are no added commissions on this account, swap charges are present and the minimum trade size is 1 lot for shares and indices while it is 0.05 lots for all other instruments, the maximum trade size is 50 lots. The account can trade currencies, commodities, indices, shares, and bonds. The account must be in USD, EUR, or GBP and it has access to mobile trading, telephone trading and has access to 24/5 brokerage support.

Platinum Account: This account requires a minimum deposit of $50,000, it uses market execution and comes with a spread starting from 0 pips. The account can be leveraged between 1:1 and 1:500 and can have a maximum of 200 orders at any one time. The margin call level is set at 100% while the stop-out level is set at 50%. There is an added commission of 1.2 pips for each lot closed, swap charges are present and the minimum trade size is 1 lot for shares and indices while it is 1 lot for all other instruments, the maximum trade size is 50 lots. The account can trade currencies, commodities, indices, shares, and bonds. The account must be in USD, EUR, or GBP and it has access to mobile trading, telephone trading and has access to 24/5 brokerage support.

Platforms

Just one platform is available which is MetaTrader 4, MT4 is an all-in-one trading platform with a user-friendly interface and easy to use functionalities allowing traders to analyze the markets, place orders, and manage their own risk all with a single click; traders can also manage several trading accounts simultaneously, not to mention its cutting edge technology which includes a web-based solution enabling traders to trade at any time from any device and from anywhere in the world.

Leverage

All four accounts have a choice of leverage between 1:1 and 1:500, this leverage can be selected when first opening up an account, it can also be changed on an already existing account by contacting the customer service team with a change request.

Trade Sizes

The available trade sizes depend on the account type that you are using, we have outlined the different minimum and maximum trade sizes below.

Standard Account:

  • Shares and Indices: 0.1 lot minimum / 50 lots maximum
  • All other Instruments: 0.01 lot minimum / 50 lots maximum

Titanium Account:

  • Shares and Indices: 0.5 lot minimum / 50 lots maximum
  • All other Instruments: 0.1 lot minimum / 50 lots maximum

Premium Account:

  • Shares and Indices: 1 lot minimum / 50 lots maximum
  • All other Instruments: 0.5 lot minimum / 50 lots maximum

Platinum Account:

  • Shares and Indices: 1 lot minimum / 50 lots maximum
  • All other Instruments: 1 lot minimum / 50 lots maximum

All four accounts can have a maximum of 200 open trades and orders at any one time.

Trading Costs

The Platinum account has an added commission of 1.2 pips for each closed lot, the other three accounts use a spread-based system and so there are no added commissions. Swap charges are also there, they are charged for holding trades overnight and can be viewed within the MT4 trading platform. Swaps are calculated in points. Swaps are based on market interest rates, which may vary from time to time and are subject to changes according to the company’s liquidity providers’ rates. Triple swaps apply on Wednesdays and Fridays (depending on the instrument). Swap-free Islamic accounts are also available for those that are not able to receive or pay interest.

Assets

RTS Markets have broken down the available assets into a number of categories, we have listed them below along with the instruments within them.

Currencies: EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, USDCHF, EURGBP, EURCHF, NZDUSD, EURJPY, GBPJPY, EURAUD, EURCAD, EURNZD, GBPAUD, GBPCAD, GBPCHF, GBPNZD, AUDCHF, AUDJPY, AUDNZD, CADCHF, CADJPY, CHFJPY, NZDCHF, USDNOK, USDSEK, USDZAR, USDRUB, USDNOK, USDSEK, USDZAR, USDRUB, EURRUB, USDCNH, USDDKK, USDHKD, USDTRY, AUDCAD, EURDKK, EURHUF, EURNOK, EURPLN, EURSEK, EURTRY, EURSEK, EURTRY, NZDCAD, NZDJPY, USDHUF, USDMXN, USDPLN,. USDSGD, EURCZK, USDCZK, USDILS.

Commodities: Natural Gas, Orange, US Oil, Cocoa, Corn, Cotton, Rice, Soybean, Sugar, Coffee, and Wheat.

Metals: Gold, Silver, Platinum, Palladium, Aluminium, Copper, and Zinc.

Shares: There are plenty of shares available including Amazon, Cisco, Colgate, Disney, BMW, Google, IBM, MacDonald’s, and PayPal.

Bonds: US 30Y Bond, US 10Y Bond, HPN 10Y Bond, and GER 10Y Bond.

Indices: Amsterdam 25, CAC 40, China 50, DAX30, DOW 30, DXY, Euro Stoxx 50, FTSE 100, Italy 40, MICEX 50, NAS 100, NIKKEI 225, Spain 35, SPX 500, VIXX, and WIG 20.

Spreads

The Standard account comes with spreads starting from 2.5 pips, the Titanium account from 1.5 pips, the Premium account from 1 pip, and the Platinum account has starting spreads as low as 0 pips. The spreads are variable which means that the markets can have an influence on the spreads provided, the more volatility the higher the spreads will be. Different instruments will also have different starting spreads as on the Titanium account, EURUSD has a typical spread of 1.8 pips while GBPUSD has a typical spread of 2.6 pips.

Minimum Deposit

The minimum amount required to open up an account is $500, this will allow you to use the Standard account, if you want a different account then you will need to deposit at least $5,000. We do not know if this requirement drops once an account has been opened but we would expect it to be lower.

Deposit Methods & Costs

The only method mentioned on the funding options page is Bank Wire Transfer, so as far as we are aware this is the only method available. You can deposit in EUR, USD, GBP, PLN, or CZK. RTS Markets will not add any commission or transfer fees, however, you should check with your own bank to see if they charge any outgoing transfer fees of their own.

Withdrawal Methods & Costs

The same method of Bank Wire Transfer seems to be the only method to withdraw with. Just like with the deposit, there are no added fees or commission from RTS Markets, however, your own bank may charge for incoming processing or conversion.

Withdrawal Processing & Wait Time

It will take between 3 to 5 business days to fully process your withdrawal request, this time will depend on the speed of your own bank’s processing. RTS Markets do not give an exact time for their own side of the processing procedure.

Bonuses & Promotions

It does not appear that there are any active promotions or bonuses taking place at the time of writing this review, it does not mean that there won’t be any in the future though. If you are interested in bonuses, you should contact the customer service team to see if there are any coming up that you could take part in.

Educational & Trading Tools

There isn’t much when it comes to education, there is a page with instrument expiration dates, another detailing market hours, one showing different holidays, and the final page is an economic calendar that is detailing upcoming news events and it shows the potential impact that the news could have on the markets. Many modern brokers are now trying to help their clients learn and improve on their trading, so it would have been nice to see RTS Markets make a little more effort in this department.

Customer Service

The customer service team is available between Monday to Friday 07:00 to 18:00 GMT, the technical support team is available 24 hours a day 5 days a week. You can get in touch using the online submission form, fill it in and you should get a reply via email, you can also use the provided postal address, email address, or phone number.

  • Phone: +44 7441 953908
  • Email: support@rtsmarkets.com
  • Address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960

 

Demo Account

Demo accounts can allow new traders to test out the markets and they can allow existing clients to test out new strategies without any real risk, so it is a shame to see no mention of them on the RTS Markets website, the FAQ has a question about them, but there is no answer. You may be able to open one once you have fully signed up, but we cannot say for sure.

Countries Accepted

The following statement is present at the bottom of the website:

“RTS Markets does not provide services to residents of British Columbia, Quebec, Saskatchewan, Canada, and the USA.”

Conclusion

There is a good choice of accounts with their own individual trading conditions. The spreads on the Standard account are a little high, but if you move up the tier list the trading conditions can become a lot more competitive. There are also plenty of assets and instruments available to trade, so you should always be able to find something to trade. The funding methods are limited with just Bank Wire Transfer being available, it would be nice to see more options but the good news is that there are no added fees. Plenty of ways to contact the customer service team means they are accessible too.

You now have the information needed to decide if RTS Markets are the right broker for you if not, then be sure to check out some of the other reviews and you will hopefully find the one that is right for you.

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