Note: RHINE INTERNATIONALs official site - https://rhine-fx.com/en/about01.html Website is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What is RHINE INTERNATIONAL？
RHINE INTERNATIONAL, is a United Kingdom -based global brokerage firm who offers Forex, Noble Metal, Futures and Cryptocurrency and other financial derivatives as its market instruments to traders. However, it is important to note RHINE INTERNATIONAL is currently ASIC (Australia Securities & Investment Commission) revoked with lince no.001294890 which raises concerns when trading.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Pros & Cons
RHINE INTERNATIONAL offers several benefits, such as the provision of multiple account types and the use of sophisticated MT5 trading platforms, catering to various trading preferences and allowing for diversified trading strategies.
However, the platform also exhibits significant disadvantages. The revocation of its ASIC regulation brings its regulatory compliance into question. Lack of transparency on commission structures can raise doubt and confusion among potential traders. The platform's dysfunctional website complicates accessibility and usability, making it less user-friendly. Limited information on payment methods can increase difficulties in transactions and potentially slow down the trading process. Lack of comprehensive customer support channels may result in inadequate and infrequent assistance. Moreover, the limited array of trading instruments restricts trading opportunities and diversification. Potential traders should carefully consider these advantages and disadvantages before deciding to engage with RHINE INTERNATIONAL.
Is RHINE INTERNATIONAL Safe or Scam？
When considering the safety of a brokerage like RHINE INTERNATIONAL or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:
Regulatory sight: It's ASIC (Australia Securities & Investment Commission) revoked with lince no.001294890, which means that there is no guarantee that it is a safe platform to trade with. Besides, the official website of the broker is inaccessible, indicating that the trading platform may have absconded. These make investing with them risky.
User feedback: Read reviews and feedback from other clients to get an understanding of their experiences with the brokerage. Look for reviews on reputable websites and forums.
Security measures: So far we cannot find any security measures info on Internet for this broker.
Ultimately, the decision of whether or not to trade with RHINE INTERNATIONAL is a personal one. You should weigh the risks and benefits carefully before making a decision.
Market Instruments
RHINE INTERNATIONAL offers a wide spectrum of market instruments to its investors.
Among them, Forex trading stands out, providing opportunities to venture into the largest and most liquid market in the world which operates 24 hours a day.
Additionally, they offer trading in Noble Metals, traditionally considered safe havens during times of market turbulence.
Furthermore, they provide futures contracts, enabling traders to speculate on the price movement of underlying assets and hedge against price volatility.
Lastly, they facilitate access to the burgeoning Cryptocurrency market, attracting those with a penchant for cutting-edge technology and high risk/reward ratio.
Accounts
RHINE INTERNATIONAL offers two types of Forex trading accounts to its investors: the Classic Account and the Quantum Account.
The Classic Account is an STP (Straight Through Processing) account which offers direct market access, automated trade execution, and eliminates the risk of dealing desk intervention.
On the other hand, the Quantum Account is an ECN (Electronic Communication Network) account that gives investors the opportunity to trade on interbank markets at highly competitive rates.
It's worth noting that each client is only allowed to set up one transaction account only and minimum deposit info is not readily available on Internet. Anyone interested in trading with RHINE INTERNATIONAL who wishes to ascertain the information regarding minimum deposit requirements is advised to contact the broker directly. This way, they can receive the most accurate and up-to-date information tailored specifically to their trading needs and interests.
Leverage
RHINE INTERNATIONAL offers its clients leverages up to 1:500. Leverage is a powerful tool that allows traders to control a larger position in the market with a relatively smaller amount of capital. With a leverage ratio of 1:500, clients have the potential to amplify their trading positions substantially, thus increasing the potential for both profits and losses.
While higher leverage can enhance trading opportunities, it also comes with increased risk, as market fluctuations can have a more significant impact on account balances. Traders are advised to approach leveraged trading with a thorough understanding of the associated risks and to implement risk management strategies diligently.
Spreads & Commissions
RHINE INTERNATIONAL offers relatively competitive spreads for one of the most traded currency pairs — EURUSD, with spreads starting from as low as 0.1 pips. The tight spread provides clients with cost-effective trading solutions.
However, information about the commission structure is not readily available. Traders who wish to gain a complete understanding of the cost implications, including any potential commissions, are advised to reach out to the broker directly for further details.
Trading Platforms
Rhine International Limited gives its clients access to the advanced MT5 Trading platform, a comprehensive trading software facilitating online transactions across various markets like foreign exchange, cryptocurrencies, noble metals, and indices.
This platform not only allows traders to execute trades, but also provides them with tools for market analysis, trading bot operations such as Expert Advisors (EA), and even the ability to duplicate the strategies of prolific investors. Hence, the MT5 platform offered by Rhine International Limited serves to provide a seamless and advanced trading experience for its clients.
Customer Service
RHINE INTERNATIONAL's customer support is limited to email and telephone. Though ensuring structured communication, it may restrict real-time assistance and could potentially extend response times comparing to other methods such as live chat and trustable operating address.
Telephone: 0061481387199;
Email: service@rhine-fx.com.
Conclusion
According to available information online, RHINE INTERNATIONAL is a UK-based brokerage firm who operates in the UK. It offers Forex, Noble Metal, Futures and Cryptocurrency as market instruments to traders.
However, the fact that it is ASIC (Australia Securities & Investment Commission) revoked with lince no.001294890 is an immediate red flag, as regulated brokers are subject to oversight and compliance with established financial regulations, providing clients with a level of assurance and protection. The lack of proper regulation and oversight increases the potential risks for traders, leaving them vulnerable to potentially fraudulent activities or misconduct. Additionally, an unfunctional website indicates a lack of professionalism and attention to details, which further erodes confidence in the company's ability to provide reliable and efficient services.
As such, individuals considering RHINE INTERNATIONAL as their brokerage firm should exercise caution and thoroughly research alternative, regulated options that prioritize transparency, security, and accountability.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
