Forex trading involves the exchange of one currency for another in the foreign exchange market, and RForex is one of the forex brokers that makes the trade possible.


Established in the United Kingdom and incorporated as an International Trading company in St. Vincent & the Grenadines, RForex is an offshore forex trader that deals in forex, energies, metals, stocks, indices, future and cryptocurrencies. It is regulated by Vanuatu which is home to many other brokers. Vanuatu is common with forex brokers because it is regarded as a tax haven with lax requirements.

This broker promises zero fees on the ECN PRO, has a 0.01 minimum lot size, and it also promises Real ECN/ STP. Unfortunately, you shouldn’t take these promises on their face value given the big number of online brokers claiming to be well-established ECN brokers.

Below is a review of RForex

RForex – The ECN Broker

By claiming to be an ECN Broker, it means that RForex as a broker is an expert in financial services using electronic communications networks to give their clients direct access to many other participants in the currency markets. This broker only matches the trades between the market participants, and it cannot trade against its clients. ECB brokers offer very narrow spreads than other brokers and charge their clients fixed commission for every transaction. As an ECN broker, RForex’s role also includes the facilitation of trades for its interested investors, across the ECN.

But, is this true? Well, unfortunately, we do not have any means of verifying this information. However, with all ECN brokers having access to the same feeds while trading at the exact/ precise price provided, you might have to trust this broker, after all.

Trading Platforms

RForex offers trading on the MetaTrader 5 platform, a highly regarded trading platform. The platform has no requotes, and it offers flexible leverage. The MetaTrader 5 platform is available for all operating systems including Mac OS, Windows, Android, and iOS. And it is 100 percent compatible with the Expert Advisors (EAs).

On the platform, you can access a huge pool of technical analysis indicators, as well as charting tools, and analytical objects. Hedging is also allowed on the trading platform.

The MetaTrader 5 trading platform is downloadable easily across multiple devices which make for its popularity in the online trading scene. There is also the fact that this trading platform allows you to research, analyze, enter, and even exit trades. You can also use third-party automated software, EAs.

With nine timeframes for every financial instrument, you receive a detailed analysis of all quote dynamics. The platform also gives you access to at least 50 indicators and tools to streamline the analysis, while enabling identification of trends, the definition of market shapes, and determination of the entry/ exit points on the market.

The platform is secured by an RForex MetaTrader 5 Broker software transmitting information through 128-bit highly encrypted connections.

All you have to do to access all this is to download the MetaTrader 5 platform for your PC, tablet, or smartphone.

The trading platform runs on the MQL5 programming trading language.

Trading Accounts

There are three trading accounts offered by RForex – the Standard, Professional, and advanced ECN accounts. These accounts have an average spread of between 1.6 and 1.2 pips for the standard and the professional ECN accounts, respectively.

Under the standard account, the spreads start from 0.1, the minimum lot is 0.01, and you can leverage up to 1:500. The minimum deposit is 100 USD, and it gives you access to 30 instruments. Unfortunately, you don’t have access to EAs, hedging, technical analysis or any of the other cool stuff.

With the professional ECN account, on the other hand, you have access to 30 instruments for a minimum 50,000 deposit, spreads start from 0.1, the minimum lots also stand at 0.01, and you can leverage up to 1:200**. But, that is not all – the account also gives you access to EAs, hedging capabilities, a personal account manager, free trading tools, free VPS/ SMS notifications, technical analysis, and free economic tools. RForex also throws in zero swaps, zero deposit fees, and zero markups to its Professional ECN account holders.

There is also the advanced account which differs from the popular professional account in the 100000 minimum deposit and the access to 50 instruments. The advanced account also lacks the extra freebies thrown in the professional package: that is, swaps/deposit fees/ markups.

Using the 30-day demo account, you can learn more about these accounts and the ones that work best for you.

Asset Classes

Stocks – Rforex offers various stock options, and it boasts a huge portfolio of at least 150 major shares. You get leverage of up to 50:1 on all your trades in stocks. The minimum acceptable deposit is 100 USD.

Indices – the broker lets you trade your current spot value on a specific number of benchmark indices that come with tight spreads, zero commissions, and very low margin requirements. Indices give you access to at least 10 instruments.

Futures – you can also trade on CFD futures including agricultural commodities, indices, and energy.

Forex trading comes with institutional spreads starting from 0 pips, and they have the fastest execution.

Tight spreads are also offered on forex trades, cryptocurrencies, and metals.

You can also trade in soft commodities by depositing a minimum of 100 USD. You’ll have access to over 100 commodities.

Trading in energy is characterized by low spreads and a minimum deposit of 100USD/EUR/GBP.

For cryptocurrency trading on the platform, you have access to at least 6 cryptocurrencies, which give you leverage of up to 1:20. Trading is available 24/7.


RForex gives a 50 percent bonus on all withdrawn deposits. The bonus is available to new clients. Under the 50 percent RForex’s bonus program the broker also offers a $10,000 match if you make a $10,000 initial deposit, giving you $15,000 to trade with.

Note, however, that you can only withdraw your bonus if your trading volume equals or is more than Bonus/5, for metal, forex, energy, and crypto. For shares, you can only withdraw your bonus when you accumulate 20 times the value of shares. Also, the bonus cancels automatically if your equity is less than or equal to the bonus or when you withdraw your equity.

Payment Methods 

RForex accepts payments through Visa, Neteller, Skrill, NeoSurf, MasterCard, Sofort, Bank wire transfers, PaySafe, and RapidTransfer.


You can reach the broker’s technical/ support team via online chat. The trading platform also comes with a Help function (built-in). This function helps you find answers to your questions from the software.

You can also reach RForex on phone or email. The support services are available 24/7.

The Education section of the website also provides a great deal of information about forex trading, ECNs, forex rollovers, leverage/ margin, slippage, and swaps, among others.


  • Multiple trading products/ 7 asset classes
  • Runs on MetaTrader 5 trading platform which is downloadable across multiple devices
  • Ease of use thanks to its demo account
  • 24/7 Support
  • Multiple payment options


  • The regulator is not trustworthy
  • It is not the most popular trading platform.


RForex’s association by a regulator like Vanuatu Financial Services Commission known for not exercising insight might give this broker a non-so trustworthy look. Whether or not the broker is ECN or an ECP is something we cannot verify, but the company offers fair trading services on its MetaTrader 5 platform. This trading platform is one of the most secure trading systems, and top forex traders use it. RForex has a wide variety of trading products.


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