Ringo Trade is another fraudulent project that pretends to be a broker with a wide range of tools and the most professional management team. Both on his website and on the web, there is no available information about the official documentation. So, it exists completely illegally. Why you should not contact the ringotrade.com office yet – in the material.
Ringo Trade is an online broker that offers trading in binary options, instruments that are banned from use by many licensed intermediaries due to their high degree of risk.
The country of registration of this company is Kyrgyzstan. In it, she allegedly has as many as 10 offline offices.
The broker indicates 2016 as the year of commencement of work. Who Is also refers to this:
Ringo Trade names the following as its advantages:
- simple and clear web interface;
- ease of trading;
- variability of tools;
- an adequate ratio of risk and profit;
- quick withdrawal.
We will check all this further when reviewing reviews about the work of the company. In the meantime, we suggest that you familiarize yourself with its main trading offers.
Ringotrade.com clients can use 150 instruments. Their groups are listed on the site:
- currency pairs;
others (which is not clear).
To start the main activity, you need to replenish a deposit of $ 25. The trading process is carried out on the Ringo Trade terminal – the author’s development of the company. It also has a mobile version.
There are two types of binary options:
- Combo – you need to determine the price range, due to which the value of the asset will be determined in a given period of time. Profitability can be about 3600% on each transaction.
- Classic – a lot from 50 soms ($0.012). Profitability reaches 92%, and execution occurs from 1 minute.
Despite the indicated percentages of profitability, it is actually unrealistic to provide them. Binary options are not a magic wand, but a financial instrument associated with increased risks.
In addition to trading, Ringo Trade broker clients can also use the database of information materials. They describe the principle of working with this type of asset, the addresses of brokerage rooms, as well as the technical information necessary for the investor.
Deposit and withdrawal of funds
For all residents of Kyrgyzstan, withdrawal and replenishment of funds to personal accounts is possible when visiting the broker’s offices. There are also terminals throughout the country that have the appropriate functionality. Residents of other world countries can use the payment services Payeer, Unipay, Pay24 and others.
How do customers describe cooperation with the company?
Traders have left a huge amount of feedback about the work of Ringo Trade. As expected, they are all negative:
Of course, it is not worth working with such a company. We advise you to think carefully in the direction of someone else.